All Articles Tagged - AUDUSD

US Open Note – Stocks wane and dollar improves

Posted on September 16, 2021 at 2:16 pm GMT

US retail sales, jobless claims and Canadian ADP Non-Farm labour data take centre stage US major indices are slightly lower as the greenback continues its comeback. It seems consumption endured even as job growth remained burdened last month with August headline retail sales rising to 0.7%, beating July’s -1.8% figure and expectations of -0.8% m/m, while the core data soared to 1.8%, overshooting the -0.1% m/m estimation. Furthermore, the Philly Fed Manufacturing index came in at 30.7, eclipsing August’s and [..]

Daily Market Comment – Are investors sleeping on systematic risk in China?

Posted on September 16, 2021 at 8:56 am GMT

Chinese real estate titan heads for default – will it hit the economy? Wall Street stages solid comeback, oil keeps going US retail sales to inject some volatility into quiet FX market Markets downplay China contagion It’s time to talk about China. The situation is getting dicier as the nation’s second-largest property developer – Evergrande – is on the verge of default. Trading in the company’s onshore bonds was suspended today, which is usually a prelude to bankruptcy. Its total [..]

Technical Analysis – AUDUSD hovers marginally above 0.7300; weak momentum

Posted on September 16, 2021 at 6:57 am GMT

AUDUSD stuck near the 20- and 40-day simple moving averages (SMAs) and above the 0.7300 round number. The pullback from the 0.7480 high is painting a bearish picture with the technical indicators suggesting a bearish-to-neutral bias. The MACD is marginally standing below its trigger line and near the zero level, while the RSI is slipping in the negative region. Should selling forces strengthen, the 0.7220 support would come under the spotlight. Moving lower, the nine-month low of 0.7103 could next [..]

US Open Note – Yen and oil surge as futures are steady

Posted on September 15, 2021 at 1:00 pm GMT

US inflation mildly affects dollar US inflation had a mild negative influence on the dollar, but yesterday’s fragile risk sentiment gave it a boost. This suggests that markets believe the Fed will delay tapering next week, which might lead to a range bound environment until the end of the week. In addition, China’s efforts to rein in private enterprises and the impact of the delta virus strain on economic development are among them. The US dollar index is heading south around the 50-day simple moving average (SMA), [..]

US Open Note – Stocks push up and dollar index slips below 92.44

Posted on September 14, 2021 at 1:52 pm GMT

Markets and the greenback’s reaction connected to US CPI data Today’s pause on market volatility seems to have been hinged around market jitters prior to the release of the US CPI data, which is somewhat seen as the key that opens the taper door. The question is, has the rush to return to normality and subsequent supply bottlenecks been the main driver for inflation, suggesting it is temporary, or is there a deeper reason which the Fed is overlooking? These [..]

Daily Market Comment – US inflation under the microscope

Posted on September 14, 2021 at 8:38 am GMT

Markets brace for latest edition of US inflation today Wall Street stabilizes, aussie struggles on RBA signals Dollar takes a step back, British pound and oil advance US inflation to set the tone With the Fed having almost locked in a November taper announcement, the question now is whether Chairman Powell will use next week’s policy meeting to give the markets an early warning. The answer might boil down to what the upcoming inflation report shows. Forecasts suggest both the headline [..]

Technical Analysis – AUDUSD finds footing around 200-MA and off 38.2% Fibonacci

Posted on September 13, 2021 at 3:50 pm GMT

AUDUSD has found some traction in the region of the 0.7321-0.7344 support zone, which encapsulates the 200-period simple moving average (SMA) and the 0.7335 level, being the 38.2% Fibonacci retracement of the up leg from 0.7105 until 0.7477. The positively charged 50- and 100-period SMAs and the nearing of a bullish crossover of the 200-period SMA by the 100-period one is an encouraging sign that the upward trend could come back into play. The short-term oscillators are suggesting positive momentum [..]

Australian dollar faces crucial data test – Forex News Preview

Posted on September 13, 2021 at 3:16 pm GMT

The Australian dollar will be tested by several data releases this week, starting with China’s monthly data barrage at 02:00 GMT Wednesday ahead of Australia’s jobs numbers at 01:30 GMT Thursday. Both datasets are expected to show that their respective economies are losing momentum, which may keep a lid on the currency for now. Cautious recovery The Australian dollar staged a decent recovery from depressed levels in recent weeks, even as much of the nation remained trapped in a strict [..]

US Open Note – Wall Street could test bearish weekly close; loonie bulls gear after mixed jobs data

Posted on September 10, 2021 at 1:47 pm GMT

US-China relations hit the wires An overnight phone call between the US president Joe Biden and China’s leader Xi Jinping occupied the media on Friday. Not because of the market reaction it caused since that was negligible, but because of the potential positive implications the dialogue could have on the broken US-China trade relations in the future. Although both presidents are focused on managing pandemic headwinds at home, the US trade deficit with China has worsened to fresh highs since the last conversation in [..]

Weekly Comment –USD looks to US CPI as gains trimmed after risk rebounds

Posted on September 10, 2021 at 1:30 pm GMT

The ECB meeting didn’t change much for EUR outlook even though bond purchases were scaled down. Fed policymakers were hawkish too, signalling tapering is firmly on the cards despite the NFP disappointment. However, USD has been unable to sustain its gains from earlier in the week. Can next week’s inflation and retail sales numbers provide much of a boost? The Highlights: US data will be investors’ focal point as the consumer price index is out on Tuesday and retail sales [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

AUDUSD

XM Live Chat