All Articles Tagged - AUDUSD

Daily Market Comment – Kiwi tanks ahead of RBNZ, dollar braces for Powell

Posted on August 17, 2021 at 8:34 am GMT

Kiwi burned by doubts about RBNZ rate hike tomorrow US stocks hit new records, Chinese equities get smoked Dollar braces for US retail sales and Powell speech RBNZ meeting in the spotlight New Zealand just went into a lockdown, after discovering its first locally transmitted covid case in several months. The nation has kept its borders closed since last year to keep the virus out and the government has unleashed tremendous fiscal firepower to keep the economy going. As such, [..]

US Open Note – Yen surges due to risk-off factors; oil plunges

Posted on August 16, 2021 at 12:44 pm GMT

Dollar marginally up; Stocks ease The market is beginning the week on a cautious note. The US dollar index is ticking marginally up after a strong negative session, while US futures are suggesting a negative open after the S&P 500 and Dow Jones completed new record highs on Friday. Euro/dollar failed to surpass the 1.1800 psychological level on Friday and is moving lower, while pound/dollar is hovering around 1.3870. Yen shines; commodity currencies fall The yen has risen sharply because of several risk-off factors, all [..]

Daily Market Comment – Dollar takes some damage after soft data, gold smiles

Posted on August 16, 2021 at 8:19 am GMT

US dollar retreats after soft consumer sentiment survey Chinese data disappoints too, hitting risk sentiment in Asia Gold comes back to life, oil ignores Afghanistan tensions Dollar grapples with consumer uncertainty Currency markets closed with a bang last week after an American survey showed consumer sentiment cratering in August to reach its lowest level in a decade. The stunning loss in consumer confidence raised questions about the economy’s fortunes, and consequently about whether the Fed will be able to take [..]

US Open Note – Dollar is marginally down; euro shines

Posted on August 13, 2021 at 12:32 pm GMT

Dollar eases before Fed releases minutes next week The dollar is dropping from four-month highs as traders are waiting next week for more clues about the Federal Reserve plans for how and when it will unravel its massive stimulus program. After scaling a high of 93.13 earlier in the week, the dollar index has been lingering around 92.95 since Wednesday, when it was driven down by CPI data. Dollar/yen is creating the third consecutive red day after the climb to 110.80. The euro rebounded against the greenback even after yesterday’s [..]

Week Ahead – RBNZ to raise rates, dollar awaits Fed minutes

Posted on August 13, 2021 at 11:37 am GMT

It’s an electrifying week, with a crucial central bank meeting and a storm of economic releases to spark volatility. The Reserve Bank of New Zealand will make history by raising interest rates. However, there is scope for some disappointment in the kiwi, as markets are pricing in a decent chance for a ‘double’ rate hike. Meanwhile, another round of normalization signals from the Fed could begin to reawaken ‘king dollar’. RBNZ: Time for lift off The main event will be [..]

US Open Note – FX markets swing sideways; Wall Street mildly lower

Posted on August 12, 2021 at 1:45 pm GMT

Currencies in a range as debate for bond tapering continues The FX world was on the sidelines during Thursday’s European session, suffering the summer doldrums in narrow ranges in the absence of any market movers. On Wednesday, US CPI inflation figures came almost as expected, raising hopes that the extraordinary spikes in previous months have likely reached a peak and therefore the Fed’s view of temporary inflation is probably right, making any aggressive monetary tightening actions less likely in the [..]

Daily Market Comment – US inflation may have peaked, dollar rally cools

Posted on August 12, 2021 at 9:10 am GMT

US CPI unchanged in July as Fed hawks get louder Dollar and yields pull back slightly but remain supported by tapering bets US stocks extend record streak as Senate opens path for $3.5 trillion budget plan Inflation fears ease after CPI in line The rate of inflation in the United States remained at a 13-year high in July according to the consumer price index out yesterday. But there was good news for both consumers and policymakers as price pressures for [..]

Technical Analysis – AUDUSD on the sidelines for another week; trend signals negative

Posted on August 12, 2021 at 7:11 am GMT

AUDUSD continues to drive sideways for the third consecutive week within the 0.7288 – 0.7430 boundaries and at the bottom of a short-term downtrend, struggling to extend any upticks above the 20-day simple moving average (SMA). The technical oscillators reflect an indecisive market as well. The RSI could not return above the broken tentative ascending trendline, questioning the bulls’ strength, whereas the MACD managed to gain more ground above its red signal line, but it has yet to enter the [..]

US Open Note – Dollar pulls back after US CPI data release

Posted on August 11, 2021 at 1:04 pm GMT

US CPI data drives dollar lower All eyes were on the US CPI data release today. The US consumer price inflation rate remained at 5.4% in July, the same as the previous 13-year high and marginally above market predictions of 5.3%, mirroring the low base effect caused by the coronavirus crisis. There were not any surprises for the market; however, the dollar slipped from the five-week high of 110.80 versus the yen that was printed earlier today. The dollar index [..]

US Open Note – Dollar leads the way as euro falters; oil soars

Posted on August 10, 2021 at 1:04 pm GMT

Dollar heads up but faces some downside pressure; stocks unchanged The US dollar is broadly heading north today on predictions that the Federal Reserve will eventually reduce its stimulus program, but it has come under pressure versus some majors. Strong job numbers on Friday showed that the economy is still recovering. With markets nearing all-time highs because of the Fed’s exceptional stimulus measures, Bostic believes that another solid month or two of job growth should trigger the central bank to begin tapering its asset purchases, and that the Fed should proceed [..]

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