All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD gains capped by 50-MA, bearish bias prevails

Posted on November 15, 2021 at 3:30 pm GMT

AUDUSD’s recent positive impetus from the 0.7276 low appears to have run out of steam at the 50-period simple moving average (SMA). The falling 50- and 100-period SMAs are defending the two-week bearish structure of lower highs and lows, and the price deflection off the 50-period SMA has reinforced this outlook. The short-term oscillators are exhibiting mixed signals in directional momentum. The MACD, in the negative region, is strengthening above its red trigger line and is nearing the zero mark. [..]

US Open Note – Greenback slips as Fed tapering starts

Posted on November 15, 2021 at 2:04 pm GMT

Fed tapering begins According to the FOMC meeting of November 2-3, tapering will begin this week as planned. The New York Fed announced its modified bond-purchase schedule last week, confirming that tapering will start this month. Until June, the Federal Reserve intends to keep reducing its purchases by $15 billion each month. There is a possibility of a change in tapering speed, but the Fed has indicated that it will only do so if it is necessary. Futures for the Fed Funds rate are still pricing in a Q2 liftoff of roughly two-thirds, while [..]

Daily Market Comment – Cautious tone ahead of risk events, dollar softer

Posted on November 15, 2021 at 10:03 am GMT

Stocks are mixed, dollar eases ahead of Biden-Xi meeting, US data, Fed speakers Modest lift from upbeat Chinese data as worries about property sector linger Yield differentials in driving seat in FX market, gold holds near highs Subdued start to week amid caution It was a relatively subdued start to the week across financial markets on Monday as stocks, bonds and the dollar were still reeling from last week’s US CPI shock. The panic and fallout from the jump in [..]

US Open Note – Dollar turns down after printing new highs

Posted on November 12, 2021 at 1:46 pm GMT

Eyes on JOLTS job openings ahead of inflation expectations There is a scarcity of fresh information today. The JOLTS job openings for September and the preliminary November consumer mood index from the University of Michigan will be released later in the day. The results of the JOLTS survey should demonstrate that supply of workets continues to be the most pressing issue in the labor market. These are generally second-tier economic data from the United States, but they may garner more attention this time around because [..]

Week Ahead – More CPI data incoming; is the inflation storm about to get bigger?

Posted on November 12, 2021 at 12:58 pm GMT

As inflation in the United States hits a three-decade high, there could be further nasty surprises on the way as more countries publish their monthly CPI prints. The focus will also be on the economic recovery, as there is a host of other data coming up, including from the United Kingdom, Japan, China and Canada. Will global bonds join the selloff in US Treasuries if inflation surges elsewhere too, or will the dollar continue to ascend? US retail sales [..]

Weekly Comment – US retail sales in the spotlight

Posted on November 12, 2021 at 11:21 am GMT

The USD jumped as inflation continues to cast a shadow over the markets after the latest CPI report, fuelling bets that the Fed might accelerate its normalization plans. Talks around inflation are likely to dominate the headlines in the coming week as a raft of CPIs and retail sales data is on the way, while China reports its industrial production numbers. The highlights: Inflation will be a ‘hot’ topic in Canada, Japan, and the United Kingdom next week. Stronger-than-expected CPI [..]

US Open Note – Stocks flicker green, dollar buoyant after yesterday’s upbeat CPI

Posted on November 11, 2021 at 2:52 pm GMT

Inflation expectations grow, down under jobs data disappoint and UK GDP dampens rate hikes Public holidays in Canada and the US have investors’ focus turned to Australian employment, and the growth and trade data out of the UK. Yesterday’s stronger US October CPI figures have boosted rate hike expectations as a higher inflation environment, which is aiding the greenback, is projected to put further pressure on the Fed to take action. The two-year US yield is also supporting the dollar, [..]

Technical Analysis – AUDUSD’s decline gets snagged at the Ichimoku cloud

Posted on November 11, 2021 at 9:30 am GMT

AUDUSD sellers managed to seize command in the pair two days ago and successfully push the price back underneath the 50- and 100-day simple moving averages (SMAs). The bears are currently attempting to extend this recent drop in the price below the Ichimoku cloud, around the 0.7283 level. The 200-day SMA has aimed slightly lower showing price’s preference to the downside, while the negative bearing of the 100-day SMA and the deflection off it by the 50-day SMA, together suggest [..]

As central banks push back on rate hike bets, can they be trusted? – Special Report

Posted on November 10, 2021 at 3:40 pm GMT

The world’s biggest central banks have been on the offensive lately, arguing that markets have become overly aggressive with their pricing of rate hikes. Policymakers have been taken aback not only by the scale of the price shocks induced by the global shutdowns but also by how widespread and persistent the supply constraints have become. Subsequently, inflation expectations have risen to multi-year highs, with bond markets being the first to respond to the changing inflation landscape. But who is right? [..]

US Open Note – Risk off mood ahead of key US data, dollar ticks higher with yields

Posted on November 10, 2021 at 2:08 pm GMT

US Inflation report and unemployment claims mixed Investors are digesting today’s US CPI data and unemployment claims, which came out at 13:30 GMT. The figures could force the Fed to consider delivering tighter monetary policy measures, especially as inflation came in stronger. Supply shortages continue to linger and are feeding price pressures, while the rising US two-year yield is aiding the greenback. The dollar index has steered above the 94.00 mark, while the euro has dipped to $1.1535, and the [..]

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