All Articles Tagged - AUDUSD

Chinese CPI data may rise further again driving aussie lower – Forex News Preview

Posted on December 7, 2021 at 2:01 pm GMT

Chinese CPI data will be released on Thursday at 1:30 GMT and will provide investors with a sign of how quickly the risk of inflation is developing around the world and whether the issue of stagflation should be taken more seriously. Another positive surprise in the statistics could put some downward pressure on the Australian dollar. China has previously been accused of harming global competitiveness with its low costs, but things have changed in the post-lockdown era. Persistent commodity shortages, particularly in [..]

Daily Market Comment – Stocks rally, dollar slips as Omicron fears subside, China eases policy

Posted on December 7, 2021 at 9:58 am GMT

Wall Street bounces back as investors shrug off inflation and Omicron concerns US yields also rebound but dollar pressured by improved sentiment Aussie climbs on upbeat RBA, oil rally lifts loonie, BoE uncertainty caps pound’s gains Risk appetite returns as Omicron gloom recedes further Equity markets were in a buoyant mood on Tuesday following a strong rebound on Wall Street yesterday. US stocks staged an impressive rally, with the Dow Jones gaining 1.9% and the S&P 500 1.2%, recouping last [..]

Technical Analysis – AUDUSD meets key support, but trendline breakout still required

Posted on December 6, 2021 at 3:39 pm GMT

AUDUSD is still in a clear downtrend in the four-hour chart despite the latest reflection near the November 2020 low of 0.6990, with the falling simple moving averages (SMAs) endorsing the bearish trajectory in the market. That said, the positive momentum in the RSI and the Stochastics, and the recovery in the MACD, which is set to cross back above its red signal line, are pointing to additional bullish actions in the coming sessions. If that is the case, a [..]

US Open Note – Risk sentiment rebounds on omicron relief; RBA policy decision looms

Posted on December 6, 2021 at 2:16 pm GMT

Omicron concerns ease after volatile week While the omicron variant keeps spreading rapidly around the globe, headlines that its symptoms are not as severe as previously feared, provided a breather to global markets on Monday after a bumpy week. Of course, it is too early to draw final conclusions, and the Covid news will probably keep everyone on their toes for longer amid fears stricter lockdown measures could roll in again ahead of the holiday season. Yet, the less risks the [..]

Daily Market Comment – Equities perk up as Omicron panic eases; Fed liftoff in focus

Posted on December 6, 2021 at 10:00 am GMT

Positive start for US and European stock futures, Asia mixed as mood brightens But still plenty of caution amid Omicron unknowns and central bank policy shifts Busy week lined up – US CPI the highlight; dollar edges higher Is the Omicron scare over? After a gruesome two weeks, US equities may be at a turning point as markets digest the growing expectation that the Fed will remove stimulus at a faster pace and amid encouraging signs that the Omicron variant [..]

Could the RBA put the brakes on aussie’s sell-off? – Forex News Preview

Posted on December 6, 2021 at 9:24 am GMT

The Reserve Bank of Australia (RBA) will meet on Tuesday in what could turn into an intense debate for policymakers as the new covid omicron variant has emerged to add to the unknowns of the pandemic just a month after Australian zero-covid measures were called off. Expectations are for the central bank to stand pat on policy, keeping its bond tapering guidance steady, but aussie bulls will still be on guard for any surprising hawkish twists. The policy announcement is [..]

Week Ahead – US inflation to fire up again, watch out Fed

Posted on December 3, 2021 at 1:22 pm GMT

Riskier assets have been under pressure ever since Omicron entered the equation, fearful that central banks cannot ride to the rescue this time because inflation is so hot already. This puts even more emphasis on the next edition of US inflation, which could accelerate towards 7% in yearly terms. The Bank of Canada and Reserve Bank of Australia will also hold policy meetings. Fed hits panic button The Fed chief dropped a bombshell on financial markets this week by signaling [..]

Daily Market Comment – Choppy markets brace for nonfarm payrolls

Posted on December 3, 2021 at 10:10 am GMT

US jobs report could decide whether Fed pulls the QE handbrake Euro trades heavy after German restrictions, commodity FX bleeds Oil bounces even without OPEC support, gold grinds lower Nonfarm payrolls coming up The US employment report for November will dominate trading in financial markets today as investors grapple with whether the Fed will speed up the tapering process. Nonfarm payrolls are projected to clock in at 550k, pushing the unemployment rate down one tick to 4.5%. Wage growth is [..]

Technical Analysis – AUDUSD holds slightly above 13-month low; bearish in near term

Posted on December 2, 2021 at 1:44 pm GMT

AUDUSD has been plummeting over the last six days and is currently trading slightly above the 13-month bottom of 0.7062. The declining move started after the pullback off 0.7560 and the 200-day simple moving average (SMA) and took the market below the medium-term ascending trend line. Technically, the RSI indicator is holding in the oversold zone, suggesting the end of the bearish move and the begin of an upside correction. Moreover, the stochastic oscillator is heading up after the bullish [..]

Technical Analysis – AUDUSD heads for key support base, bearish tone grows

Posted on December 2, 2021 at 9:32 am GMT

AUDUSD has been declining for a month now and is tracing the lower Bollinger band, managing to log a near 13-month low of 0.7062 on its way towards the critical support base of 0.6963-0.7020. The sliding simple moving averages (SMAs) are sponsoring a slight negative tilt in the pair. The short-term oscillators are transmitting conflicting signals in directional impetus. The MACD is gliding beneath its red trigger line in the negative region, endorsing additional weakening in the pair. The RSI, [..]

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