All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD’s recovery stalls at the upper Bollinger band

Posted on January 12, 2022 at 9:06 am GMT

AUDUSD is trying to recoup its losses after its short-term sharp decline halted at the 0.7129 region. Although the pair has already posted a moderate rebound, its upside trajectory is currently being capped by the upper Bollinger band. The short-term oscillators further confirm that bullish forces have gained the upper hand. The MACD histogram has crossed both above zero and its red signal line, while the RSI is ticking downwards but remains in the positive zone. Further bullish actions might [..]

Week Ahead – US inflation report to decide dollar’s fate

Posted on January 7, 2022 at 2:29 pm GMT

The new year has kicked off with a sharp spike in yields, which has turbocharged the US dollar but demolished the Japanese yen. Whether this trend persists will depend on next week’s US inflation report, as that could decide whether the Fed will begin its rate hike cycle in March already. Peak US inflation soon? The US economy is in pretty good shape. The labor market will likely return to full employment this year, consumption is booming, the Atlanta Fed [..]

Technical Analysis – AUDUSD’s progress curbed by Ichimoku cloud and MAs

Posted on January 7, 2022 at 1:51 pm GMT

AUDUSD is struggling to push further north of the 0.7300 mark as the 50- and 100-day simple moving averages (SMAs) along with the Ichimoku cloud are directing the pair lower. The overall bearish demeanour of the SMAs is defending the gradual drop in the pair. The Ichimoku lines are not indicating a dominant directional drive in the pair, while the short-term oscillators are suggesting that negative momentum is growing in power. The MACD has nudged below its red trigger and [..]

US Open Note – Dollar eases ahead of FOMC minutes

Posted on January 5, 2022 at 1:27 pm GMT

Investors are expecting the release of the FOMC minutes and, more crucially, the release of non-farm payrolls in the US later this week. Following a robust surge in government bond yields, the yen has remained the currency with the worst performance for the time being. The pound has managed to outperform the euro. Although the dollar is the second strongest currency, it is still stuck in a range, except against the yen. FX market view and FOMC minutes expectation The dollar is weakening ahead of the ADP employment [..]

US Open Note – Dollar hits five-year high against yen; OPEC next on the radar

Posted on January 4, 2022 at 1:45 pm GMT

Omicron virus does not affect economic recovery Despite concerns about the extremely contagious omicron virus subtype, investors are focusing on the economic recovery from the pandemic and central bank’s plans for stimulus reduction at this time. In the FX market, the focus today is on dollar/yen, which surged to a new five-year high of 116.33 as risk-on sentiment pressed safe-haven currencies such as the yen. It may be difficult for sellers to reverse the trend. The BOJ will stay the most dovish, so the weak [..]

Technical Analysis – AUDUSD maintains upside trajectory but positive forces wane

Posted on January 3, 2022 at 8:32 am GMT

AUDUSD is trying to stage a full rebound after its long-term downtrend halted at the 13-month low of 0.6992 in early December. Although the pair has already recouped a significant part of its losses, in the last couple of sessions its upside move has stalled as positive momentum abated. The short-term indicators reinforce the loss of positive momentum. The stochastic oscillator is sloping downwards after posting a bearish cross, while the MACD histogram is found below its red signal line in the positive region. Should the negative momentum intensify further, the pair might encounter strong support [..]

US Open Note – US stock futures at record highs, dollar ticks slightly higher

Posted on December 30, 2021 at 2:28 pm GMT

Positive sentiment supported by strong US jobless claims US stock futures have managed to remain near record highs, while trading volumes have narrowed and liquidity is drying up as the trading doors near closure for 2021. The question at year end is what effects from the rapidly spreading Omicron variant will rollover into the new year, especially as infections have been hot. Also, how will economies start to fare in the new year with an environment where stimulus is diminishing, [..]

Daily Market Comment – Wall Street hits another record but trading remains slow, dollar oscillates

Posted on December 30, 2021 at 10:16 am GMT

Stocks mixed after more US all-time highs as trading volumes thin out further Investor optimism put to the test amid surging Covid cases globally Dollar rebounds from lows as Treasury yields spike Surging virus cases put investors on edge Markets stuck to the mildly positive tone on Thursday as investors constantly reassessed the risks from the latest wave of Covid-19 cases that is gripping most nations around the world. The shrinking liquidity during this slow holiday week has brought about [..]

Technical Analysis – AUDUSD downside risks linger despite latest climb

Posted on December 30, 2021 at 8:49 am GMT

AUDUSD buyers are in the process of trying to extend the ascent from the 13-month low of 0.6992 beyond the falling 50- and 100-day simple moving averages (SMAs). Nevertheless, the bearish SMAs are demonstrating that the directional trend remains skewed to the downside. The Ichimoku lines are indicating that positive forces are making efforts to take control, while the short-term oscillators are currently reflecting conflicting signals in directional momentum. The MACD, over its red trigger line, is strengthening into the [..]

Daily Market Comment – Santa Claus rally takes a breather, dollar firms

Posted on December 29, 2021 at 9:37 am GMT

Stocks mixed after Wall Street rally fizzles out, but futures point up Dollar inches higher, yen firms too amid some Omicron worries Oil extends gains, gold pulls back despite soft Treasury yields Wall Street falters but party not over Equity markets were feeling somewhat less joyous on Wednesday after the S&P 500 failed in its bid to close above the 4,800 level for the first time and as Chinese tech stocks came under renewed selling pressure. The S&P 500 ended [..]

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