All Articles Tagged - AUDUSD

Daily Market Comment – Volatile trading continues as Fed meets, Ukraine tensions boil

Posted on January 25, 2022 at 10:24 am GMT

Wall Street bounces back but futures, Asia sink again; mood brighter in Europe Dollar and yen hold firm as Fed angst and geopolitical risks keep havens in demand Earnings and US consumer confidence gauge may test investor nerves More rocky rides for stocks Shares on Wall Street staged a dramatic rebound on Monday, recovering from heavy losses that briefly took the S&P 500 into correction territory. The benchmark index was down by about 4% at one point before a last-minute [..]

Technical Analysis – AUDUSD aims for recovery as short-term decline halts

Posted on January 25, 2022 at 8:55 am GMT

AUDUSD has experienced a sharp dip in the four-hour chart, crossing beneath both its 50- and 200-period simple moving averages (SMAs). However, the pair managed to partially bounce back after finding significant support at the 0.7090 level. The ongoing rebound seems to be in danger as the short-term oscillators indicate that selling forces continue to have the upper hand. The MACD histogram remains below both zero and its red signal line, while the RSI is hovering in the negative zone. [..]

Could Australian and New Zealand CPI figures shake aussie and kiwi? – Forex News Preview

Posted on January 24, 2022 at 3:43 pm GMT

Australia and New Zealand will publish their CPI inflation figures for the fourth quarter of 2021 on Tuesday at 00:30 GMT and on Wednesday at 21:45 GMT respectively, in what are likely to be volatile sessions for the currencies. Expectations are for the yearly CPIs to have marched higher, with the aussie and kiwi likely gaining fresh buying traction if the data overshoots the forecasts. Australia and New Zealand CPI figures In the previous release, the big surprise in the Australian data was the 0.7% rise in the trimmed mean [..]

US Open Note – US stocks remain pressured amid rising geopolitical risks

Posted on January 24, 2022 at 1:51 pm GMT

Geopolitical tensions drive safe-haven demand Fears of an imminent Russian-Ukrainian conflict rattled the markets on Monday after both the US and the UK have reportedly started to withdraw families from their embassies in Kiev. The increasing geopolitical tensions are driving the current risk-off sentiment, sending investors to seek refuge into the safety of gold and US Treasury bonds, with the yield of the 10-year benchmark moving lower on Monday. Omicron weighs on Eurozone and UK growth Eurozone’s services flash PMI [..]

Daily Market Comment – Equities remain pressured as traders weigh Fed and geopolitical risks

Posted on January 24, 2022 at 10:21 am GMT

Stock market rout deepens amid Fed and Ukraine worries, but US futures point to rebound Dollar and gold edge up, euro see-saws on mixed PMIs Fed meeting and major earnings to likely dictate market sentiment Markets still jittery but selloff eases Wall Street just had its most bruising week since the onset of the pandemic in March 2020 and it could get even rockier for stocks in the coming days. The Federal Reserve is poised to give a formal nod [..]

US Open Note – Stocks extend declines, dollar maintains resilience

Posted on January 21, 2022 at 1:19 pm GMT

Market sentiment deteriorates as yields remain elevated Wall Street’s correction continues to develop lower, with the tech-heavy Nasdaq 100 affected more, falling 4.6% yesterday. Despite this week’s disappointing US jobless claims, which rose 286k versus an expected 220k, potentially due to surging cases of Omicron, and the correction in the US equities – in an environment of elevated yields – the market story is likely to remain the same with the Fed moving forward with removing accommodation and delivering expected [..]

Technical Analysis – AUDUSD plunges within short-term SMAs and Ichimoku cloud

Posted on January 21, 2022 at 12:53 pm GMT

AUDUSD has been developing within an upward sloping channel since December 2021, but over the last few sessions it is failing to surpass beyond the 20-day simple moving average (SMA). The MACD oscillator is flattening near its trigger line, while the RSI is remaining with weak momentum around its neutral threshold of 50. If the price overcomes the 20-day SMA obstacle, it could reach the upper boundary of the Ichimoku cloud around 0.7222 ahead of the 0.7310 resistance. Above this [..]

Week Ahead – Fed, BoC to sing from same hawkish hymn sheet; data flurry on the way

Posted on January 21, 2022 at 12:49 pm GMT

A jam-packed week for central banks and economic releases is coming up as the inflation story continues to grip the markets. With the price data pointing up and bond yields fired up, investors are expecting nothing but hawkish talk from the Federal Reserve and the Bank of Canada. The latter could even go one step further and put words into action. In Europe, though, all eyes will be on the flash PMI readings where Omicron likely weighed on economic activity [..]

US Open Note – Market sentiment freezes, dollar largely unchanged

Posted on January 20, 2022 at 2:33 pm GMT

Markets digest US jobless claims and Philly manufacturing The US stock futures correction deepened as risk sentiment has remained negative, while the 10-year yield at 1.88% seems to be keeping the dollar buoyant. It appears the hawkish tone from the Fed has saturated markets and they have become less sensitive lately. The US economy is nearing full employment and today’s rise in jobless claims has managed to only nudge the dollar index slightly lower, stabilizing around the 95.40 level. The [..]

Inflation is driving up rate hike bets globally, so why does the dollar remain king? – Special Report

Posted on January 20, 2022 at 10:50 am GMT

It is now universally accepted that the pandemic-induced surge in inflation is no longer looking very transitory and central banks around the world are starting to hit the panic button. The US Federal Reserve is not only talking about rate hikes but wants to begin quantitative tightening soon. The Bank of England and Reserve Bank of New Zealand have already lifted rates at least once. Even the ultra-dovish European Central Bank is keeping its options open in terms of possibly [..]

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