All Articles Tagged - AUDUSD

Week Ahead – US inflation in focus as energy fears cool

Posted on October 8, 2021 at 10:34 am GMT

Panic around the energy crisis faded a little after Russia offered Europe a helping hand. Stock markets came back swinging but the FX complex didn’t see much relief, with the mighty dollar holding everything else down. Looking into next week, the inflation/growth story will remain front and center with the release of American CPI numbers and retail sales, as well as the latest Fed minutes. Give me shelter The US dollar has reclaimed its throne as king of the FX [..]

Daily Market Comment – Markets perk up ahead of NFP but dollar holds ground

Posted on October 8, 2021 at 8:51 am GMT

Equities advance as inflation and energy fears ease further and US debt default averted But dollar edges up too as US yields climb to fresh highs Focus on US jobs report; will likely clear the path for Fed tapering Risk-on returns as energy panic subsides Another rebound on Wall Street on Thursday set the tone for global equities on Friday as risk appetite recovered further after a tumultuous few days. Stock markets were roiled earlier in the week as energy [..]

US Open Note – Stocks turn green on temporary risk on; antipodeans outperform

Posted on October 7, 2021 at 1:56 pm GMT

Risk-on trading returns Risk-on sentiment continued to navigate markets during late European trading hours on Thursday as worries about the energy crisis took the back seat for the time being and the risk of a government default in the US was expected to be ease today after Democrats showed willingness to raise the debt ceiling to December on the Senate floor. Following complaints that Russia is holding back its energy supplies, mainly from Europe, Vladimir Putin said that his government [..]

Daily Market Comment – Stocks rebound as gloom eases, oil and dollar pull back

Posted on October 7, 2021 at 9:34 am GMT

Sentiment improves after energy prices ease; US debt deal and Biden-Xi meeting help too Strong turnaround on Wall Street pulls global stocks higher but inflation threat not gone Aussie and kiwi lead rebound in FX but energy crisis fears still weigh on euro and pound Fears of an energy crunch subside, for now Markets were in a much more cheerful mood on Thursday as some of the gloom around a deepening global energy crisis, soaring inflation and never-ending supply disruptions [..]

Technical Analysis – AUDUSD hovers near the SMAs and below 0.7300

Posted on October 7, 2021 at 7:18 am GMT

AUDUSD has been moving sideways over the last couple of sessions, holding near the 20- and 40-day simple moving averages (SMAs) and the lower surface of the Ichimoku cloud. The MACD oscillator is advancing above its trigger line in the negative region, while the RSI is flattening around the neutral threshold of 50. If the price jumps above the SMAs and the 0.7320 resistance level, it could open the door for the 0.7480-0.7500 restrictive area. Moving higher, the 200-day SMA at 0.7577 could halt [..]

US Open Note – Stocks slip again, and greenback remains buoyant

Posted on October 6, 2021 at 1:43 pm GMT

Risk appetite absent as dollar resilient after ADP jobs data Risk sentiment remains somewhat suppressed today, while rising US yields and growing inflationary pressures have kept the advance in the reserve currency buoyant. Yesterday’s reading of 53.0 in the ISM services PMI’s employment component, may have assisted today’s upbeat ADP employment data, which showed private non-farm payrolls rising by 568K, beating the forecast of 425K. Stubbornly high inflation and a strong NFP number could provide fuel for the Fed to [..]

Daily Market Comment – Stagflation fears hit sentiment as RBNZ hikes rates and oil jumps again

Posted on October 6, 2021 at 9:08 am GMT

Stocks struggle amid the growing threat of global stagflation RBNZ raises rates but kiwi falls as US dollar extends gains WTI futures hit 7-year high, fuelling inflation worries as oil rally continues Sentiment sours again as stagflation fears persist Global equities were back in the red on Wednesday as concerns about sluggish growth and higher inflation returned to haunt investors. The shift towards tighter monetary policy by central banks amid worsening supply shortages around the world and surging commodity prices [..]

RBA policy meeting: slow but sure – Forex News Preview

Posted on October 4, 2021 at 2:32 pm GMT

The Reserve Bank of Australia (RBA) will review its policy settings on Tuesday at 03:30 GMT, but with guidance already settled until the end of the year, expectations are low for any drastic changes. Hence, the reaction in the aussie could be limited, though with the currency pushing for a rotation recently, any solid statements could create some volatility. Guidance set until February Despite the pandemic jitters and the prolonged lockdown measures, the RBA surprisingly decided to move forward with its [..]

US Open Note – Stocks static and yields fail to aid dollar

Posted on October 4, 2021 at 2:22 pm GMT

OPEC and global energy risks; Central Banks and NFP report are drivers of the week Market uncertainty lingers but the greenback’s haven appeal remains muted, as a global energy crisis threatens recoveries across the globe. Stocks are slightly on the back foot to start the week and the dollar remains feeble as the 10-year yield provides no support. Uncertainty out of China around a property developer giant and rising energy prices, with the UK being hit the worst, maybe weighing [..]

Technical Analysis – AUDUSD touches bearish cross of SMAs near 0.73

Posted on October 4, 2021 at 1:06 pm GMT

AUDUSD is on course for a third straight day of gains, which have taken the pair from near? the one-month low of 0.7169 towards the bearish cross between the 20- and 40-day simple moving averages (SMAs). The sharp buying interest, especially in the past two sessions, is trying to shift the near-term bias from negative to positive. The momentum indicators are supportive of the bullish view, with the RSI rising higher and approaching the positive area and the MACD advancing above its trigger line. In case [..]

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