Tue, May 18, 2021 @ 23:42 GMT
Home Tags AUD

AUD

Aussie Climbs, Consumer Confidence Next

The Australian dollar has recorded considerable gains on Tuesday. In the European session, AUD/USD is trading at 0.7800, up 0.53% on the day. After sharp losses last week, the Aussie has clawed higher and is back in 78-territory. The US dollar received a lift last week, after a surprising surge...

EUR/AUD 4H Chart: Bulls Could Prevail

The common European currency surged by 1.51% against the Australian Dollar during last week's trading sessions. The currency pair breached the 50– and 200– period SMAs last week. All things being equal, the exchange rate could continue to edge higher during the following trading sessions. The potential target for the...

AUD/USD Breakout Occurs

The Australian Dollar has surged by 62 pips or 0.80% against the US Dollar since yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Monday. Given that a breakout had occurred, buyers are likely to pressure the exchange rate higher during Tuesday's trading...

Aussie Remains Firm With Unemployment Expected To Be Steady In April

The aussie has been trading sideways over the last three months with the employment report for April, due out on Thursday at 00:30 GMT, likely to attract some attention. The recession in Australia is over as the economic indicators have turned positive; however, the recovery still has a long...

Stocks Bounce Back As Optimism Returns, Dollar Sags

Stocks bounce back as recovery hopes supersede virus and inflation jitters Dollar slumps on easing Fed taper worries but inflation bets lift gold Euro and pound surge as Europe reopens, loonie hits highest in 6 years Markets buoyed as optimism takes over Fears about rising virus cases in Asia receded...

AUDUSD 0.7700 Key

The Australian dollar currency is attempting to recover higher against the US dollar, following last week's drop below the 0.7700 support area. A bearish head and shoulders pattern with a 200 point downside projection will be activated if bears break under the 0.7700 level. If AUDUSD bulls move the...

Sterling Jumps on Reopening Optimism and Job Data, Risk Appetite Returning

Dollar and Yen are both under pressure again today, as broad based risk sentiments improved. In particular, the volatile Nikkei managed to close up more than 2%. New Zealand Dollar is leading other commodity currencies higher too. But Canadian Dollar and Sterling are the strongest ones for the week...

AUD/JPY recovers after RBA minutes, still bounded in consolidations

Minutes of RBA's May 4 meeting reiterated that rate hike was unlikely "until 2024 at the earliest". Members would "consider whether to retain the April 2024 bond as the target bond for the 3-year yield target or to shift to the next maturity" in July. Concerning QE, the members suggested...

RBA May Board Minutes Highlight Financial Conditions and Data Flow

The May Board minutes highlighted financial conditions and the data flow as key factors in the policy decisions at the July Board meeting. However the Board still supports the view that the conditions necessary to justify a rate increase are unlikely until 2024 at the earliest. The minutes from the...

RBA Minutes Reaffirmed Likelihood of QE Expansion in July

The RBA minutes for the May minutes reaffirmed our view that further expansion in the asset purchase program would be announced later this year. The most likely timing for the announcement would be July. Domestically, the members noted that the economic was in the transition from recovery to expansion. The...

Market Morning Briefing: Pound Is Heading Towards 1.42

STOCKS Dow remains stable above 34000 and can remain in the 33500-35000 range for some time. DAX keeps alive the chances of seeing 15700-15800 on the upside before reversing lower. Nikkei is trading near a crucial resistance level of 28500 which will have to be broken to move further higher...

Currency Pair of the Week: GBP/AUD

The UK “Re-opening” began in March with schools opening once again.  In April, it was primarily outdoor activities. Today, it is primarily indoor activities and 10,000 people are now allowed at indoor events.  In June, all restrictions are expected to be lifted.  However, there are concerns that the Indian...

USD Weakens After Adverse Retail Sales And Industrial Output Rates

The USD weakened against most of its counterparts on Friday after the retail sales growth rate and the industrial output growth rate, both for April, as well as the preliminary University of Michigan consumer sentiment underperformed market expectations. It should be noted though that the USD during Monday’s Asian...

AUD/USD Breakout Could Occur

The Australian Dollar surged by 79 pips or 0.91% against the US Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 0.7784 during the Asian session on Monday. Currently, the exchange rate is trading near the upper boundary of the channel pattern and...

AUD/JPY Bounces From Support

The risk-sensitive Australian dollar rebounds as risk appetite returns. The pair has bounced off the 20-day moving average on the daily chart which coincides with the short-term support at 84.25. General sentiment remains upbeat as the Aussie carries on the fourteen- month-long rally. Strong momentum above 84.85 points to 85.80...

Crypto Prices Retreat As Interest Rate Concerns Mount

Cryptocurrency prices declined sharply during the weekend as fears of higher interest rates remained. Bitcoin declined to $45,000, which is substantially lower than its all-time high of $65,000. Similarly, Ethereum declined by more than $400 while most altcoins declined by more than 5%. Recent data from the United States...

Market Morning Briefing: Aussie Has Bounced Well From 0.77

STOCKS Dow has risen well above 34000 and can remain in a range of 33500-35000 within its broader uptrend. DAX has gained momentum and can rise to 15700-15800 before reversing lower. Nikkei has failed to sustain the break above 28000 and is bearish to fall further in the coming days....

Stocks Stayed in Up Trend, Yields Range Bound, Dollar Lost Downside Momentum

Market debates heated up last week with the influx of some US economic data. On the other hand, the concerns on overheating inflation was legitimate given the much stronger than expected headline and core CPI reading from the US. On the other hand, poor retail sales, and prior week's...

CFTC Commitments of Traders – Bets on Higher CAD Increased Markedly

As suggested in the CFTC Commitments of Traders report in the week ended May 11, NET LENGTH of USD index futures added +368 contracts to 2 423. Speculative long positions gained +5 095 contracts while shorts were up +4 727 contracts. Concerning European currencies, NET LENGTH in EUR futures...

AUD/USD Could Still Edge Up

The Australian Dollar surged by 44 pips or 0.57% against the US Dollar on Thursday. The currency pair breached the support level at 0.7723 during yesterday's trading session. As for the near future, the AUD/USD exchange rate could continue to edge higher. A breakout through the upper boundary of a...

US Stocks Rebound As Investors Rush To Buy The Dips

US stocks bounced back after falling sharply earlier this week. The Dow Jones, S&P 500. And Nasdaq 100 index gained by more than 1% as investors rushed to buy the dips. They have also rallied during the futures market. Data published by the US painted a picture of an...

Market Morning Briefing: EURJPY Trades Above 132

STOCKS Dow has managed to recover sharply from its crucial support level of 33500. A range of 33500-35000 is possible while it remains above 33500. DAX has to sustain the strong bounce seen yesterday to bring back the chances of seeing 15700-15800 and delay the fall to 14500. Nikkei has...

US Open: Stocks Stabilize, Elon’s About-Face

Major US indices are poised to open near flat after the Dow Jones Industrial Average saw its biggest decline since January on yesterday’s US CPI reading US futures Dow futures -0.3% at 33415 S&P futures +0.0% at 4060 Nasdaq futures +0.4% at 13054 In Europe FTSE -1.7% at 6889 Dax -0.9%...

USD Gains As US Inflation Rates Accelerate

The USD strengthened yesterday also supported by a rise in US Treasury yields after the release of the US CPI rates for April which outperformed market expectations and increased worries for inflationary pressures. On the other hand, it should be noted that US Stockmarkets tumbled as all three major...

AUD/JPY 4H Chart: Bears Likely To Prevail

The Australian Dollar has declined by 112 pips or 1.31% against the Japanese Yen since this week's trading session. The currency pair breached the 50– period SMA on May 13. Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge lower...

AUD/USD Breakout Occurs

The Australian Dollar declined by 87 pips or 1.11% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. All things being equal, the AUD/USD exchange rate could continue to edge lower during the following trading session. The...

AUDUSD Plunges In Consolidation Area

AUDUSD is plunging within a ten-week sideways channel, meeting the Ichimoku cloud and the short-term simple moving averages (SMAs). However, the 200-day SMA is still moving higher, approaching the current market price. The RSI, around the 50 neutral level, is heading south, while the stochastic posted a bearish crossover within...

Inflation Fear Prompted Selloff in Bonds and Stocks, Dollar Extending Recovery

Extremely higher volatility was seen in the markets overnight, with the steep decline in stocks and rally in yields. Bitcoin also had a free fall. Negative sentiments continue in Asia with major indexes trading in deep red. In the currency markets, Australia and New Zealand Dollars are under most...

Aussie Slips, US Inflation Jumps

The Australian dollar has recorded losses on Wednesday. In the North American session, AUD/USD is trading at 0.7804, down 0.46% on the day. AUD/USD posted strong gains last week and appeared poised to break above the 79 line on Monday. However, the pair has headed lower, and is struggling to...

AUD/USD Outlook: Extended Pullback Pressures The Top Of Thick Daily Cloud

The Australian dollar dipped below 0.7800 handles on Wednesday after weaker than expected China bank loans data, with increased pressure coming from falling Asian equities. Fresh weakness signals an extension of a pullback from 0.7890 (May 10 high), where larger bulls stalled. Bullish daily studies (rising positive momentum / MA’s in...