All Articles Tagged - AUDUSD

Week Ahead – The calm before nonfarm payrolls storm

Posted on August 27, 2021 at 11:26 am GMT

The calendar is void of any central bank meetings next week, so all eyes will be on the latest US employment report. It will be infinitely important in determining how soon the Fed pushes the taper button. Beyond that, there’s also a heavy dose of data releases from the Eurozone, Canada, and Australia. Inflation, jobs, and the dollar There’s been a lot of talk lately about the Delta outbreak hitting the US economy and slowing down the Fed’s normalization plans. [..]

Daily Market Comment – Fed hawks rattle Wall Street ahead of Powell

Posted on August 27, 2021 at 9:27 am GMT

Three Fed officials call for start of tapering; Wall Street unnerved but futures bounce back Dollar also reverses earlier moves, edges lower ahead of Powell’s Jackson Hole speech Afghanistan and Delta worries also put investors on edge, gold climbs But China policy support soothes some nerves, stocks mixed Fed hawks make their case; will Powell follow suit? As all eyes turn to Jay Powell’s keynote address at the virtual Jackson Hole symposium later today, three Fed officials made clear where [..]

US Open Note – Dollar steady as Fed speakers play down Jackson Hole fireworks

Posted on August 26, 2021 at 1:25 pm GMT

Waiting for Jackson Hole symposium FX markets hardly found any inspiration to move during Thursday’s European session as investors were eagerly waiting for the Jackson Hole symposium on Friday. The economic conference, which invites central bankers, finance ministers and important investors from around the world once in a year, will start today in a virtual form, carrying the theme “Macroeconomic Policy in an Uneven Economy”. The full agenda scheduled will be released at 0000 GMT today, but the biggest highlight [..]

Daily Market Comment – Markets turn cautious in wait for Powell

Posted on August 26, 2021 at 9:22 am GMT

Stocks slip as Delta strain and China crackdown fears resurface Dollar supported by higher yields but overall, lacks direction Markets gearing up for Jackson Hole but can Powell offer much clarity? Stocks turn red as optimism fades slightly Rising virus cases in Asia as well as lingering concerns about China’s punitive crackdown on its tech industry came back to haunt markets on Thursday, pulling regional stocks lower. European bourses also slipped at the open and US stock futures struggled too, [..]

Technical Analysis – AUDUSD advances towards familiar resistance

Posted on August 26, 2021 at 7:10 am GMT

AUDUSD has been on the rise since the confirmation of a bullish morning star candlestick pattern, which foresaw the start of a new bullish round last Friday, but another challenge is currently displaying on the radar. Particularly, the price needs to close decisively above the 20-day simple moving average (SMA) at 0.7298, which has been cancelling upside pressures since the end of May. Of note, the RSI continues to fluctuate below its 50 neutral mark, failing to print higher highs despite its recent [..]

US Open Note – Markets calm down ahead of Jackson Hole

Posted on August 25, 2021 at 12:53 pm GMT

FOMC meeting and Jackson Hole attract attention There have been several confusing messages leading up to the summit (27 August). The Fed’s vice chair, Clarida, hinted at an early taper when he stated that rates could rise as early as 2022. In the US, the number of covid cases and deaths is on the rise. Especially after Kaplan’s comments on Friday, investors are increasingly focused on this factor in the run-up to the FOMC. This Thursday, the Federal Reserve’s annual Jackson Hole Symposium gets underway, and it [..]

Daily Market Comment – Dollar finds footing as Jackson Hole awaited, stocks fly again

Posted on August 25, 2021 at 9:14 am GMT

Markets turn to Jackson Hole for direction amid uneasy optimism Dollar edges up after three-day slide, while Wall Street climbs to fresh records China cash injection, House infrastructure vote lift sentiment, but Delta still a worry Calm sets in before possible Fed storm After a volatile week, markets were in much steadier waters on Wednesday, with the US dollar halting its losing streak and equities holding onto their gains. Optimism that the global economic recovery from the pandemic will only [..]

Aussie finds some love ahead of Q2 data but lockdown pain not over – Forex News Preview

Posted on August 24, 2021 at 2:06 pm GMT

The Australian dollar has started the week on a positive footing, ending a five-session losing streak. As the market turmoil from the Delta variant eases somewhat, there might be additional support in store for the aussie from the upcoming economic releases for the second quarter over the coming days. However, investors are unlikely to be able to hide away from all the gloom for too long as Australia’s lockdowns look set to last for some time. RBA tapering not derailed [..]

Technical Analysis – AUDUSD forms bullish morning star candlestick pattern

Posted on August 23, 2021 at 3:05 pm GMT

AUDUSD is printing a tall green candlestick following the formation of a morning star pattern on Friday, raising the odds for more bullish sessions later in the week. The upside reversal in the RSI and the Stochastics is currently endorsing the positive mood in the market, though the indicators need to show sustainable strength to push the bias on the bullish side. Meanwhile, the MACD continues to point downwards, revealing some bearish presence. Nearby resistance to additional upside corrections could [..]

US Open Note – Risk currencies become the best performers as delta fears persist

Posted on August 23, 2021 at 1:16 pm GMT

Jackson Hole in focus, as delta strain challenges policy decisions Although not a game changer yet, the RBNZ policy announcement showed last week that the spread of the delta virus strain could bring some rescheduling in monetary policy plans, and therefore some exciting volatility in FX markets. Policymakers postponed a widely expected 25 bps rate hike for later in the year as a handful of new cases was enough to prompt a snap lockdown given the low vaccination rates in [..]

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