All Articles Tagged - AUDUSD

US Open Note – Stocks imply a risk-on tone, greenback stabilizes around 96 mark

Posted on December 28, 2021 at 2:46 pm GMT

Dollar’s shine dulls in forex arena; are Omicron risks set to rise? The chaotic 2021 period is soon coming to an end and the lack of market driving news on today’s economic calendar is unlikely to help this year to leave with a bang. That said, major US index futures are persisting around their all-time highs suggesting that positive market sentiment may roll over into the new year. It seems that markets have become robust against fresh threats from the [..]

Daily Market Comment – Stocks lifted by new S&P 500 record, yen retreats

Posted on December 28, 2021 at 10:10 am GMT

Global stock markets get a lift from S&P 500’s latest dash to new all-time highs Dollar holds steady but yen on a broad pullback amid easing Omicron jitters Oil bounces back as demand worries subside, gold hits one-month high Wall Street’s Santa rally not over yet Shares on Wall Street continued to rally on Monday to notch up a fourth straight day of gains, pushing the benchmark S&P 500 index to a new all-time high of 4,791.19. Having started the [..]

Technical Analysis – AUDUSD marks yet more higher highs as bullish forces linger

Posted on December 28, 2021 at 9:03 am GMT

AUDUSD has powered back from its mid-December low, crossing above the 50- and 200-period simple moving average (SMA) and recording yet another higher high. Moreover, the 50-period SMA is looking ready to cross above the 200-period SMA, which if it materializes, could revive hopes of a sustained bullish outlook. Short-term momentum indicators are reflecting a mixed picture. The RSI is located above its 50 neutral mark, while the MACD is found above zero but below its red signal line, which [..]

US Open – Wall Street eyes new record highs

Posted on December 27, 2021 at 1:53 pm GMT

Dollar climbs; Pound continues its advance The US dollar ticked higher on Monday against a basket of currencies, while the 10-year Treasury yield remained relatively unchanged. The perceived risk-on mood which dominated the markets over the past week continues to weigh on the Japanese yen, which incurred significant losses today against the greenback. Furthermore, commodity based currencies such as the loonie, the aussie and the kiwi are struggling with the latter declining the most versus the euro and the dollar. Last week, the British [..]

Daily Market Comment – Cautious mood in holiday-thinned trade

Posted on December 27, 2021 at 10:03 am GMT

Asia drifts lower despite China support but European shares eye gains Rising virus cases put investors on edge as doubts re-emerge about Omicron impact Commodities pressured, dollar firms, pound advances Subdued start to final week of 2021 Markets were struggling for direction on Monday in what is the last trading week of the year. The optimism that the Omicron variant will not cause a major setback to the post-pandemic economic progress has been brought into question by the latest surge [..]

Week Ahead – Markets wind down, mind the liquidity gap

Posted on December 23, 2021 at 3:56 pm GMT

As the year draws to a close, liquidity could be in short supply next week. This means that sharp market moves are possible without any news behind them. The economic calendar is pretty light, so the spotlight will remain on Omicron developments and President Biden’s spending promises. Brief look at 2022 We have already published our expectations for the FX market in 2022, which you can view here. In short, the three main forces that will drive currencies are changes [..]

Weekly Comment – Risk appetite returns; China PMI could revive slowdown fears

Posted on December 23, 2021 at 1:29 pm GMT

Stocks staged an early-week comeback after the hawkish turn from central banks had pummelled risky assets. Meanwhile, the British pound capitalized on the BoE’s unexpected rate hike last Thursday, emerging as the undisputed winner in the FX arena. The upcoming week seems relatively quiet, with the spotlight shifting on Chinese PMI and US consumer confidence data. Highlights: In Japan, jobs and industrial production data will be released on Tuesday. However, it is unlikely to offer a significant boost for the [..]

Technical Analysis – AUDUSD fights back and climbs above 0.72 mark

Posted on December 23, 2021 at 9:33 am GMT

AUDUSD is tackling the 0.7225 barrier as upside efforts persist after the recent bounce of the pair within the 0.6963-0.7020 critical support base, which is defending the broader positive structure. Despite the latest price improvements, the falling simple moving averages (SMAs) are sponsoring a bearish bearing. The Ichimoku lines are indicating the upsurge in price action, while the short-term oscillators are suggesting bullish momentum is growing. The MACD, in the negative region, is progressing above its red trigger line showing [..]

US Open Note – Stocks return to green zone as covid fears wane

Posted on December 21, 2021 at 2:06 pm GMT

Risk-on appetite returns but covid headache to be continued Omicron fears took a back seat on Tuesday, letting global stock indices, risk-sensitive currencies, and energy prices recoup some lost ground. Of course, the pandemic will remain the key driver for market sentiment for longer, at least into the new year, navigating inflation pressures, and therefore, monetary tightening plans accordingly. But for now the recent bearish correction is reminiscent of the short-lived downfall, which stock markets faced in the same period [..]

US Open Note – Stocks go downhill as omicron bears bite; dollar, euro resilient

Posted on December 20, 2021 at 2:23 pm GMT

Omicron plays with investors’ nerves as stimulus vanishes Stock markets were in a sea of red during mid-European trading hours as omicron concerns and tighter curbs in Europe reminded investors that the pandemic is far from over and Covid could still swamp global demand after two years of limbo. The pan-European STOXX 600 and the British FTSE 100 index followed their Asian counterparts deeply lower, with energy shares, basic materials, and consumer cyclicals driving the bulk of losses, plunging by [..]

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