All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD crosses below its 200-SMA; bearish bias arises

Posted on November 10, 2021 at 9:42 am GMT

AUDUSD has been trending upwards over the past month after it managed to get strong support at the September low of 0.7169. However, the short-term picture has started to deteriorate as the pair’s rally halted at the 3-month high of 0.7554. Since then, the price has been dipping down, crossing below both its 50- and 200-period simple moving averages (SMAs). The negative short-term trend is likely to strengthen, as the momentum indicators suggest an imminent bearish bias. Specifically, the stochastic [..]

Daily Market Comment – US inflation under the microscope

Posted on November 10, 2021 at 9:38 am GMT

All eyes on US inflation today, dollar’s fortunes hang in the balance Stocks pull back after massive rally, bond market in gloomy mood Oil prices jump, iron ore slumps, gold rallies but not impressively Another inflation shock? The spotlight today will fall on the latest US inflation report, which could unleash turmoil in the markets if there are any surprises. The annual CPI rate is expected to have soared to 5.8% in October, a pace not seen in three decades. [..]

Dollar braces for US inflation report – Forex News Preview

Posted on November 9, 2021 at 3:17 pm GMT

The latest US inflation data will be released at 13:30 GMT Wednesday. Forecasts point to another sharp acceleration, which could unleash turmoil in the markets as the transitory narrative melts away. As for the dollar, the outlook remains positive with the American economy out-recovering most of the world and Congress bringing more spending to the party. Firing up The US economy is in pretty good shape, considering the chaos in global supply chains. Consumption has remained resilient, lost jobs are [..]

Australian unemployment rate may rise again driving aussie even lower – Forex News Preview

Posted on November 9, 2021 at 11:52 am GMT

The aussie has been in a descending move over the last eight months with the employment report for October, due out on Thursday at 00:30 GMT, likely to attract some attention. The Australian economy is not in particularly good shape. Despite the fact that it stayed resilient during the most recent shutdown, the labor market and consumer spending suffered some consequences. The price of iron ore continues to fall, and China’s economy continues to slow down. This poses an extremely serious threat to the Australian economy, [..]

China’s inflation test looms as growth loses impetus – Forex News Preview

Posted on November 9, 2021 at 11:02 am GMT

While China’s president Xi Jinping will be laying the ground for what could inevitably be a third term of his leadership next year during a historical meeting with the Communist party this week, the spotlight will fall on the domestic consumer (CPI) and producer price indices (PPI) on Wednesday at 01:30 GMT. The data will brief investors about how fast the risk of inflation is growing worldwide, and whether the case of stagflation should be considered more seriously, although it’s [..]

Technical Analysis – AUDUSD finds foothold off 200-MA and 50% Fibonacci level

Posted on November 8, 2021 at 2:03 pm GMT

AUDUSD is trying to steer above the mid-Bollinger band at 0.7407 after finding support from the 200-period simple moving average (SMA) and the 0.7362 level, that being the 23.6% Fibonacci retracement of the up leg from 0.7169 until 0.7555. That said, the flattening of the 100-period SMA is confirming the waning in the positive trend, and the bearish crossover of it, by the 50-period SMA is endorsing the recent negative trajectory in the pair. The short-term oscillators are demonstrating that [..]

US Open Note – Dollar eases at the beginning of the week

Posted on November 8, 2021 at 2:01 pm GMT

FX arena remains calm As the new week gets underway, the outlook for the dollar is slightly negative. Having initially climbed on Friday, the dollar index later declined from the 94.62 high and has since remained negative. The euro, which has remained heavy following last week’s unsuccessful drop below the $1.1525 level, is still moving near $1.1570 with weak momentum. On Friday, the pound challenged the support near $1.3410, where it was unable to break through. A clean break below would set up a test of the December 2020 low of $1.3135, which would be a significant step forward. [..]

Weekly Comment – Bonds are rallying but will US CPI spoil the party?

Posted on November 5, 2021 at 1:31 pm GMT

The Fed, ECB, BoE and RBA all pushed back on aggressive rate hike expectations that had been baked in by the markets, lifting bond prices. But US inflation numbers coming up next week could cast fresh doubt on the transitory story, sparking a selloff. However, it’s looking like a win-win for USD. The highlights: US Treasury yields have stabilized after slumping all week with the help of a better-than-expected jobs report for October. If the latest CPI readings also surprise [..]

Week Ahead – Another US inflation shock?

Posted on November 5, 2021 at 11:37 am GMT

It is a relatively calm week without any central bank meetings and just a handful of data points. The only event that could spark fireworks is the latest edition of US inflation, which will probably fire up further. If price pressures continue to broaden out into different sectors too, this could set off another cascade of worries around faster Fed rate increases and reignite the dollar’s rally. Not so transitory Will inflation fade away by itself? This question has tormented [..]

Technical Analysis – AUDUSD’s negative bearing stumbles ahead of 200-MA

Posted on November 4, 2021 at 4:04 pm GMT

AUDUSD is growing increasingly negative, but sellers have somewhat stalled their downward trajectory around the 0.7362-0.7384 support section and ahead of the 200-period simple moving average (SMA). The rolling of the 50-period SMA is suggesting that a bearish trend is forming, and this could power up with a negative overlap of the 100-period SMA by the 50-period one. The falling Ichimoku lines are implying that downward forces are strengthening, while the short-term oscillators appear skewed to the downside. The MACD, [..]

AUDUSD

XM Live Chat