All Articles Tagged - AUDUSD

Virus is surging and yields are tumbling; is inflation already yesterday’s news? – Special Report

Posted on July 21, 2021 at 9:42 am GMT

The last time there was so much panic in the markets about higher inflation was probably in the 1970s when oil price shocks were a common phenomenon. Although there’s not as much chance of inflation hitting the double digits this time round, major central banks are for the first time in decades facing the prospect of missing their upper price targets by a substantial margin. However, all the excitement may yet prove to have been about nothing as the global [..]

Daily Market Comment – Wall Street bounces back, dollar powers higher

Posted on July 21, 2021 at 8:37 am GMT

Stock markets claw back losses as dip buyers return Dollar cruises higher with a little help from recovering yields But commodity currencies remain under pressure Dip buyers win again Wall Street staged a fierce comeback on Tuesday, without any particular catalyst behind this impressive recovery. Markets have been grappling with virus concerns lately, the fear being that new variants might be an endless phenomenon that doesn’t allow the world economy and especially developing economies to go back to normal. Nothing [..]

US Open Note – Stocks gain some footing; coronavirus dejavu-jitters linger

Posted on July 20, 2021 at 2:02 pm GMT

Stocks adjust to delta trauma while dollar holds firm Markets seem to be gradually regaining consciousness from yesterday’s risk-off blow even as yields are on the back foot. That said, the US recovery is clearly ahead of other lagging economies and may start to make headways again as uncertainty and delta variant related concerns start to establish themselves elsewhere. The dollar index is flirting with the 93.00 mark and is holding up fairly well in the forex arena despite the [..]

Daily Market Comment – Economic growth worries torment stocks and oil

Posted on July 20, 2021 at 8:45 am GMT

Economic slowdown concerns hit stocks, oil gets demolished Commodity currencies struggle too, dollar and yen shine But the panic could fade soon, as stimulus hopes return Pandemic blues hit markets Worries that the rampaging Delta variant will hamstring the global recovery took a bite out of riskier assets on Monday. Markets seem to be coming to the realization that the vaccines won’t be enough to completely obliterate the virus, as the mutations keep getting more resilient. Many governments are also [..]

Aussie tumbles ahead of RBA minutes and recent new lockdowns; Forex News Preview

Posted on July 19, 2021 at 12:50 pm GMT

The Reserve Bank of Australia (RBA) will announce its July’s meeting minutes at 01:30 GMT Tuesday before the preliminary retail sales figure on Wednesday at 01:30 GMT. Markets are prone to exaggerate the economic damage done to Australia during the coronavirus pandemic. Governments are committed to substantial support, especially given the rapid improvements in the underlying fiscal position and there is enough evidence that economies can bounce back from lockdowns due to government support and pent-up demand. RBA minutes and retail sales on the [..]

Weekly Comment – Another ECB headache for the euro

Posted on July 16, 2021 at 1:10 pm GMT

Markets didn’t care much for another scorching US inflation number this week, dismissing the acceleration as something that will fade soon. The upcoming week brings an ECB meeting where the central bank will likely commit to negative rates for longer, posing another headache for the EUR. The highlights: The main event will be the ECB meeting, where policymakers will probably signal that they are serious about hitting their new inflation target. This means a commitment to negative rates for a [..]

US Open Note – Dollar rises further after retail sales; kiwi is notably up

Posted on July 16, 2021 at 1:02 pm GMT

Dollar continues to gain momentum as retail sales rise The US dollar is attempting to move higher against a basket of major currencies with US stock futures recovering some of yesterday’s losses. Dollar/yen is advancing above the 110.00 round number, surpassing the 40-day simple moving average (SMA) as retail sales for June gained 0.6% from the previous month, following a revised 1.7% drop in May and significantly outperforming market estimates of a 0.4% drop. Also, the Bank of Japan did not make any policy [..]

Week Ahead – ECB meeting poses another headache for euro

Posted on July 16, 2021 at 11:23 am GMT

The main event next week will be the ECB meeting, where the forward guidance will likely be changed to commit to negative rates for longer. That could cement the divergence with the Fed and other central banks that are moving towards higher rates. There’s also a volley of economic data while the earnings season gets rolling. What inflation? Another week, another scorching US inflation number that markets did not care much about. Most of the acceleration in inflation was concentrated [..]

Technical Analysis – AUDUSD tries to gain ground in near term

Posted on July 15, 2021 at 7:14 am GMT

AUDUSD is battling the 20-day simple moving average (SMA) to create more gains, though the price is still holding above the 0.7405 support level. The RSI indicator is pointing upwards in the negative territory, while the MACD is surpassing its trigger line in the bearish zone. However, the pair is hovering well below the Ichimoku cloud and the red Tenkan-sen and blue Kijun-sen lines. If the price overcomes the 20-day SMA, immediate resistance could come from the 200-day SMA at 0.7585 ahead of [..]

Employment report unlikely to bring much cheer to lockdown-hit aussie – Forex New Preview

Posted on July 14, 2021 at 2:26 pm GMT

Employment numbers for Australia will come under the spotlight on Thursday at 01:30 GMT as the country’s biggest cities find themselves back under lockdown. The jobs data will likely print a small gain in employment for June as the latest wave of restrictions came into force towards the end of the month. But with the dangerous Delta variant potentially sparking Australia’s worst Covid outbreak yet, things are not looking so great for the local dollar, at least in the near [..]

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