All Articles Tagged - AUDUSD

Daily Market Comment – Dollar holds firm but yields slip ahead of Fed decision

Posted on November 3, 2021 at 10:14 am GMT

Bond yields pressured amid risk of Fed following RBA in pushing back on early rate hike Softer start for stocks after Wall Street notches up another record close Aussie and kiwi recoup losses but pound mired in BoE uncertainty Oil skids on inventories build-up, mounting pressure on OPEC Bond markets choppy as Fed awaited for liftoff clues Markets are gearing for the Fed’s long-anticipated taper announcement on Wednesday when the world’s most important central bank will formally call time on [..]

US Open Note – Stocks near highs, dollar stabilizes, New Zealand employment data due

Posted on November 2, 2021 at 2:44 pm GMT

FOMC and NFP draw focus; RBA sends dovish signals; eurozone data soften US stocks are trading near their all-time highs and the dollar index looks largely unchanged at present as the FOMC meeting is set to get under way today, with the Fed announcing its decision tomorrow. A tapering announcement is already priced in. After yesterday’s stronger-than-expected US ISM manufacturing PMI, including the pricing component, the economy is showing strong expansionary signs and that it may end the year on [..]

Daily Market Comment – Fading energy worries revive optimism

Posted on November 2, 2021 at 9:58 am GMT

New records for Wall Street as cooling energy prices pull yields down RBA plays down early rate increases, torpedoes Australian dollar US dollar, British pound, and oil prices await crucial events New highs The US stock market continues to trade like a runaway freight train. All three major indices on Wall Street closed at new record highs to kick off the new month, basking in the glory of a solid earnings season and some signs that the worst of the [..]

Technical Analysis – AUDUSD gives up battle with key resistance after RBA policy meeting

Posted on November 2, 2021 at 8:33 am GMT

AUDUSD surrendered to the dovish RBA press conference early on Tuesday, with the price giving up its multi-day battle with the tough 0.7531 resistance territory to seek support near the familiar region of 0.7460. The pair has also breached the red Tenkan-sen line after trading above it for a month, confirming the gloomy mood in the market. The RSI and the MACD are sending some discouraging signals as well, with the former turning sharply down in the bullish region and [..]

US Open Note – Stocks mark a rosy start to the month; FX markets in quiet trading

Posted on November 1, 2021 at 2:59 pm GMT

New record highs for stocks Looking solely at stock markets, one could get the impression that nothing goes wrong, and the remaining pandemic constraints are just a tentative phenomenon, which still allows economies to run up and grow. Of course, some key stocks such as Facebook and Amazon could not jump back into uncharted waters following their earnings releases last week, though overall, guidance from businesses has surprisingly signaled little concern about their future performance. As a result, the pan-European [..]

Daily Market Comment – Investors hold their nerve as policy tightening looms

Posted on November 1, 2021 at 9:48 am GMT

Equities shrug off weak China PMI data on hopes of more fiscal stimulus in US and Japan Dollar attempts to extend gains as investors zero in on liftoff timing Aussie and pound slip ahead of RBA and BoE meetings Positive start to month as markets look past China jitters Global equities have started November mostly in positive territory, buoyed by fresh all-time highs by Wall Street’s leading indices on Friday. Optimism seems to be the name of the game as [..]

Technical Analysis – AUDUSD upside still active but falters around 3½-month high

Posted on November 1, 2021 at 9:11 am GMT

AUDUSD has retracted beneath its 50-period simple moving average (SMA) at 0.7505 and is testing the Ichimoku cloud’s upper band and the 0.7474-0.7488 support zone. Nonetheless, the positive structure is still holding in there and is being endorsed by the bullish SMAs. The Ichimoku lines are indicating a modest waning in positive drive in the pair, while the short-term oscillators are transmitting conflicting signals in directional momentum. The RSI is falling in the negative region, while the MACD is dropping [..]

Weekly comment – Central bank fiesta, OPEC meeting, and nonfarm payrolls

Posted on October 29, 2021 at 1:29 pm GMT

The EUR jumped after the ECB didn’t convince investors it will delay rate hikes while stocks cruised higher as the earnings season cheered up the mood. Next week promises even more fireworks with central bank meetings in America, the United Kingdom, and Australia, an OPEC decision that will decide the direction of oil prices, and the latest US employment report. The highlights: The USD will be in the spotlight, as the Fed concludes its meeting on Wednesday and nonfarm [..]

Week Ahead – Dollar braces for Fed and NFP but will BoE steal the limelight?

Posted on October 29, 2021 at 12:58 pm GMT

The Fed’s long awaited tapering announcement will headline the coming week, with the October jobs report adding to the excitement. The Reserve Bank of Australia also has scheduled a regular meeting. However, it is the Bank of England that could roil markets the most as it ponders whether to raise rates early to fight burgeoning inflation. Employment data in Canada and New Zealand will be the other highlights on the data front, while OPEC’s monthly get-together is unlikely to yield [..]

Aussie vulnerable as RBA could fight markets – Forex News Preview

Posted on October 29, 2021 at 11:12 am GMT

The Reserve Bank of Australia (RBA) will complete its latest meeting at 03:30 GMT Tuesday. It will be quite explosive as there is a massive discrepancy between the central bank’s own guidance and market pricing for rate increases. The RBA insists it won’t raise rates until 2024 but money markets expect four rate increases next year alone. It seems investors have gone too far, which leaves the aussie vulnerable to a correction. Game of chicken The RBA has a difficult [..]

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