Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining AUD/USD continued its downward move yesterday, providing further evidence that global risk appetite is waning. A rally off the lows yesterday is faltering at $0.714, creating a lower high. Further declines target $0.712 and then $0.709. Overall, the bias in prices is: Sideways. The projected upper bound is: 0.72. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower AUD/USD has been on the rise throughout the beginning of 2019, although the past week has seen the pair drift lower in what could be a topping pattern. The wider trend in AUD/USD is bearish, and thus until we break through the $7393 level, there is […]

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support The Australian dollar initially pulled back a bit during the trading session on Thursday, dipping slightly below the 50 day EMA. However, we bounced slightly, and I think this is indicative of what we are going to see, a slow and gentle grind lower. This isn’t necessarily an indictment on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment The Australian Dollar took a steep fall in the Westpac Consumer Sentiment index in its stride Wednesday but selling the Antipodean currency is still a “top ten” investment idea for the 2019 year, according to analysts at DBS Bank who see the Reserve Bank of Australia having to delay any […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73 The Australian Dollar mounted a spirited recovery after briefly spiking to a ten-year low against its US counterpart. The advance has paused to consolidate below minor resistance at 0.7247. A daily close above this barrier opens the door for a test of the December swing […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy The Australian dollar eased on Monday as fresh concerns about the global economy resurfaced. The main theme of the session was a weak Chinese trade report for December with imports and exports suffering the largest year-ended decline since the second half of 2016, raising renewed concern about […]

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down The main trend is down according to the daily swing chart. However, momentum is trending higher. The main trend will change to up on a trade through .7247. The minor trend is up. This move triggered the shift in momentum to up. The main range is .7394 […]

The US Has the Strongest ‘Buck’ in about 30 Years

The US Has the Strongest ‘Buck’ in about 30 Years

$USD USD is at its strongest mark in 30 years, according to the Economist newspaper’s January 2019 “Big Mac Index.” The newspaper’s “lighthearted guide to exchange rates” measures the purchasing power of currencies against each other. The gauge also compares the prices of McDonald’s hamburger, the Big Mac, in different countries with the actual exchange rate between […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress” The Australian Dollar was rose broadly Thursday in response to claims the U.S. and China are moving close toward a deal that will end the “trade war” between the two, which came ahead of retail sales figures for November. Chinese officials said […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data The Australian Dollar advanced against most rivals Tuesday even after official data revealed a steep fall in the nation’s trade surplus for November, and is likely to remain on its front foot over the coming weeks according to Westpac. Australia’s goods trade surplus fell from […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Lower USD Lower Crude Oil Up Stocks Higher In Asia Note: US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!” Gold: Gold treads lower on improved risk appetite, while Palladium marks record highs Spot gold slipped 0.2% to $1,282.61 oz by 0600 GMT, and US gold futures settled down 0.1% at […]

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion The Australian Bureau of Statistics figures reveal Australia’s November trade surplus of $1.9 billion was lower than expected.Australia exported $1.9 billion more than last month, down from a $2 billion surplus in October. According to ABS figures, in trend terms, the […]

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar

Australian Dollar: USD/AUD (AUD=X) recovery seen in the Aussie dollar After plunging to as low as .6730 on Thursday, the lowest level since early 2009, the AUD/USD surged on Friday, helped by a raft of positive headlines that sparked short-covering from traders. “If ever there was a case of a currency going from zero to […]

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place AUD/USD spiked lower to 0.6722 last week but recovered strongly since then. The strength of the rebound suggests a short term bottom is in place. Intraday bias remains on the upside this week for further rebound. On the downside, break of 0.7015 minor support will […]

Australian Dollar: USD/AUD (AUD=X) 2019 Outlook Negative

Australian Dollar: USD/AUD (AUD=X) 2019 Outlook Negative

Australian Dollar: USD/AUD (AUD=X) 2019 Australia is about to feel the bite from decades of socialism. Overall, the bias in prices is: Downwards. The projected upper bound is: 0.76. The projected lower bound is: 0.59. The projected closing price is: 0.70. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower […]

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown AUD/USD has been trading within a relatively flat range over the past two trading days, in what looks like a very similar pattern to those seen in recent weeks. On prior occasions these sideways consolidation patterns provide a precursor to another downside sell-off. Thus, the expectation is that […]

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations

Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.72. The projected upper bound is: 0.72. The projected lower bound is: 0.69. The projected closing price is: 0.71. Candlesticks A black body occurred (because prices closed lower […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Mixed Asian Stocks Mixed  Note: US President Trump shut down the government Friday, as Senate did not vote to fund The Wall, Congress reconvenes Wednesday. In Asia Gold: Gold prices hit a 6-month high Wednesday as concerns over global growth prompting investors to seek refuge in the precious Yellow metal. Spot gold climbed […]

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure The Australian dollar fell against most of the major crosses again on Tuesday, weighed down by another plunge in crude oil prices. The US Federal Reserve will announce its December interest rate decision today. Markets are 70% priced for a 25 basis point hike. China’s three-day Central Economic […]

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November Australia publishes its jobs report for November on Thursday, 00:30 GMT. The Land Down Under enjoyed a robust rate of jobs growth in October: no less then 32.8K positions were added to the economy, exceeding what had been expected and […]

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes The Australian and New Zealand Dollars finished lower last week on renewed concerns about China’s economy. For much of the week, investors were in consolidation mode as positive news emanated from the on-going trade talks between the United States […]

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite The Australian dollar sagged late in the week, as it fell to an 8-week low on Friday. Australia releases key employment indicators. In the U.S, the Fed is expected to raise rates, and we’ll get a look at U.S Final GDP for the third […]

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise AUD traded within a relatively narrow range between 0.7185 and 0.7225 yesterday and registered an ‘inside day’. The price action offers no fresh clue and we continue to hold the view the recent sharp decline in AUD is […]

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei Huawei CFO has been granted bail by Justice William Ehrcke on Tuesday. Meng Wanzhou will be subject to monitoring, a curfew and other strict conditions to adhere to bail conditions. President Donald Trump said he would intervene in the Huawei case […]

Taxation and High Minimum Wage Killing Australia

Taxation and High Minimum Wage Killing Australia

Taxation and High Minimum Wage Killing Australia Australia’s economic growth stalled in the third-quarter of the year with consumer spending running out of steam as house prices fell further, official data showed Wednesday. The G20 economy grew a meagre 0.3 percent between July and September, the slowest rate in two years and far below market […]

Australian Dollar: Interest Rates on Hold

Australian Dollar: Interest Rates on Hold

Australian Dollar: Interest Rates on Hold Australia’s central bank kept interest rates at a record-low on Tuesday as a drop in house prices accelerated as the country stagnates. Borrowing costs have stayed at 1.50 percent since they were last cut in August 2016, when the economy was transitioning away from an unprecedented mining investment boom. […]

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410 We have held the same view since last Thursday (29 Nov, spot at 0.7305) wherein the “the prospect of 0.7199 as a short-term bottom is quite high). We added, “confirmation of a short-term bottom is only upon a clear break above 0.7335/40”. AUD blast past […]

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit Australia has entered a period of tighter credit, as regulators look to bring down reliance on the housing market. The Royal Commission has made this scenario worse, as banks under intense spotlight retreat from the public eye. Australians have considerable wealth stored in housing […]

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies The Australian dollar surged on Wednesday as doubts about the pace of rate hikes from the US Federal Reserve resurfaced. After doing very little for the majority of the session, the AUD/USD jackknifed higher in North American trade, fueled by remarks from US Federal Reserve […]

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise The Australian Dollar US Dollar (AUD/USD) exchange rate has been volatile over the past twenty-four hours, and is currently trading at a rate of $0.7234 with the ‘Aussie’ making an attempt to push back against the ‘Greenback’. Tuesday saw iron ore spot markets […]

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level The Australian dollar kicked off the week very positively, breaking towards the 0.73 level. However, by the time the Americans came on board it was already rolling over and showing signs of exhaustion above the 0.7250 level. Because of this, I think it’s only […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected The Australian dollar rebounded on Wednesday after a shellacking a session earlier, helped by an improvement in investor risk appetite. Light volumes and position squaring ahead of Thanksgiving in the States largely explain the move given an absence of major news during the session. After beginning trade at […]

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout AUD/USD is turning higher from the 76.4% retracement, following a recent breakout through $0.7315 resistance. That break negates the wider bearish outlook, pointing towards a potential period of upside. With that in mind, the respect of the 76.4% retracement level at $0.7205 points towards a […]

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy The Australian Dollar retreated from three-month highs Tuesday after a sell-off in international stocks that sent a frosty wind through currency markets. Stock markets in the U.S. and Asia slumped late in the Monday session after the National Association of Home Builders (NAHB) Housing Market index posted […]

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level AUD/USD has managed to break through a crucial area of resistance, with the rally above $0.7315 pointing towards an end to the downtrend in play throughout 2018 so far. With that in mind, further upside looks likely, with a bullish short-term outlook in play unless we see […]

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles The Australian dollar stabilized on higher ground, enjoying an upbeat jobs report and a focus on others’ troubles. The Reserve Bank of Australia stands out in the upcoming week. Here are the highlights of the week and an updated technical analysis for AUD/USD. […]

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid The Australian Dollar swept higher against all rivals Thursday after official data showed the Antipodean labour market going from strength-to-strength in October, but some analysts are warning that things might already be about as good as they are likely to get for […]

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement AUD/USD managed to regain some ground following a fall below the $0.7182 swing low. That break below $0.7182 means that the upside we have been seeing is likely to be a retracement of the $0.73-$0.7164 sell-off, before we turn lower once more. However, with price the heading […]

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders […]

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315 Despite overall positive indications, AUD has not been able to make much headway on the upside. It touched a high of 0.7303 last Thursday (08 Nov) but has since eased off. For now, we continue to see a chance for AUD to test the strong 0.7315 resistance. […]

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP The AUD/USD is trading just below the major level at 0.7300, after a sharp run-up from where we’ve been recently. We traded nearly at the 0.7000 level, but since that point, the buyers have come thick and fast. The channel that we have been in […]

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground AUD/USD has turned higher once more, despite the initial respect of the 76.4% Fibonacci resistance. The long-term downtrend remains intact unless we see a break through the $0.7315 swing high. However, with the price having broken through both trendline and now Fibonacci resistance, we are increasingly seeing a wider […]

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue The Australian dollar has rallied over the last several days, reaching towards a major downtrend line and coinciding with the 0.7250 level, an area that I think will be rather stringent and difficult to break above. If we do, that’s […]

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance AUD/USD rallied into the 76.4% retracement last week, with the pair moving lower since. The trendline breakout seen recently points towards a possible bullish reversal for this pair, yet we would need to see a move above $0.7315 to provide greater credence to that idea. Until then, it […]

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value The Australian Dollar rose broadly Thursday after official data revealed a sharp increase in the nation’s trade surplus during September, providing a tailwind to a currrency that is also being boosted by a series of positive developments in China. Australia’s trade surplus rose to $3.02 […]

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment The Australian Dollar stumbled Wednesday after an eighth consecutive inflation disappointment vindicated the market for its pessimism about the outlook for interest rates down under, and as data suggested the Chinese economy is beginning to creak under the pressure of U.S. tariffs. Australian inflation rose […]

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically I believe that the 0.70 level underneath is going to continue to be a crucial level to pay attention to. The large come around, psychologically significant figure giving way to selling pressure could open the door to the 0.68 handle, which is a longer-term level of importance […]

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data The AUD/USD is tested the important 0.7040 level late in the week, and price certainly rejected the lows. The major level at 0.7000 went untouched as price quickly pulled back into the range. The weakness in the USD was clearly the driver for the […]

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales The Australian dollar suffered from the global sell-off in stocks and the accompanying risk-off sentiment. What’s next? A busy week includes inflation and retail sales among other figures. Here are the highlights of the week and an updated technical analysis for AUD/USD. RBA officials did not rock […]

Australian Dollar: USD/AUD (AUD=X) trade with downward bias

Australian Dollar: USD/AUD (AUD=X)  trade with downward bias

Australian Dollar: USD/AUD (AUD=X) trade with downward bias There is not much to add to yesterday’s (23 Oct, spot at 0.7080) update. As highlighted, “the prospect for a break of the year-to-date low of 0.7041 has increased, albeit not by much”. AUD subsequently dipped to a 2-week low of 0.7056 before rebounding quickly to end […]

Australian Dollar: USD/AUD (AUD=X) looking set for further downside

Australian Dollar: USD/AUD (AUD=X) looking set for further downside

Australian Dollar: USD/AUD (AUD=X) looking set for further downside AUD/USD has been rebounding overnight, following on from another intraday fall. With the current candle looking to complete a bearish and engulfing candlestick formation, there is a good chance we will see the pair turn lower from here. Whether or not this marks the top for this […]

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result The Australian Dollar has endured a soft start to the week after the government lost a one-seat majority in parliament and as the U.S. criticised China’s response to efforts at de-escalating the so called trade war between the world’s two largest economies. Australia’s ruling coalition lost […]

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last AUD/USD came close to breaking from the recent trend of lower highs and lower lows on Friday, with the rally back into the $0.7151 level greeted with a strong move into the $0.7088 swing low. As such, this current rally is expected to fail once again, with […]

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101 A strong short-covering rally on Friday helped the Australian Dollar eke out a small gain ahead of the week-end. The rebound was fueled by a recovery in China. Greater China markets posted a strong comeback on Friday, following a series of measures […]

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside AUD/USD looks to have broken down from its recent rising wedge pattern, with the break below $0.7112 providing a signal of potential impending downside from here. An impressive fall in unemployment helped the pair rebound overnight, yet this has simply found resistance on the ascending trendline. […]

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last AUD/USD has been gaining ground over the past week, with a rising wedge coming into play. That is a bearish pattern, pointing towards a possible breakdown before long. Given the wider downtrend in play, such a breakdown would be consistent with the primary long-term trend. Thus, watch for […]

Australian Dollar: USD/AUD (AUD=X) support at 0.7100

Australian Dollar: USD/AUD (AUD=X) support at 0.7100

Australian Dollar: USD/AUD (AUD=X) support at 0.7100 ASX Downside: To be fair, there are some considerable headwinds for Australian investors that may preclude them from behaving in the same fashion as their US or even European counterparts. The banks look ugly now – less so the hard numbers, but more from the superficial perspective that their […]

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity AUD/USD is regaining ground, following the failure to create a new low below $0.7044. The peak of $0.7131 remains a key level to overcome if the pair is going to regain further ground. However, such upside would look likely to provide yet another selling opportunity from either […]

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher AUD/USD’s march lower seen over the past few months has stalled over the previous week, but the recovery has been modest at best. The first upside level to watch is $0.716, followed by the still-intact downtrend line from January, which suggests resistance around $0.72. Overall, the bias in prices is: […]

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized The trade is so far doing ok as risk aversion realized. But we’ve overestimated the strength in Dollar. Still, the price actions from 0.7040 to 0.7130 are corrective looking, which reinforces our bearish view. For now, we’ll keep the stop at 0.7185, slightly above 50% retracement of 0.7314 […]

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again AUD/USD has been attempting to regain some ground following on from the consistent decline of recent weeks. However, the recovery is looking like it could come under pressure should this bearish engulfing pattern complete. Such a bearish closed candle would provide greater confidence that we are […]

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve AUD/USD extends the rebound from earlier this week as there appears to be a growing dissent within the Federal Reserve, and recent price action raises the risk for a large recovery as the exchange rate initiates a series of higher highs & lows. Even though […]

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown AUD/USD has been gradually slowing in its decline, following on from a break below the key $0.7085 support level. That slowdown highlights the possibility of a rebound to begin retracing this recent decline from $0.7315. However, for now it looks likely we will see further downside, with […]

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows ANZ Job Advertisements: Monday, 00:30. This gauge of Australian employment precedes the official jobs report released by the government. The number of job advertisements dropped by 0.6% in August and we may see a bounce in September. NAB Business Confidence: Tuesday, 00:30. The National Australia Bank’s […]

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower The downtrend continues here for AUD/USD, a lower high at $0.73 having worked out beautifully for the bears. The price is currently testing the $0.7484 low from mid-September, and further declines below this bring $0.6973 and then $0.6828 into play. Overall, the bias in prices is: Downwards. The projected upper […]

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals For those that don’t follow the Australian economy closely, we’ve seen a big housing boom. That is now well and truly over and there are many calling for a crash. Real estate is a big part of the Australian economy and wealth in general. Tighter lending […]

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance AUD/USD is declining yet again, with the price having respected the 200-day simple moving average (SMA) on the four-hour chart time and time again. This latest move adds greater credence to the sell-off that started at the 76.4% retracement of $0.7312. The wider downtrend remains intact, and […]

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement AUD/USD has been turning lower from the 76.4% retracement, with the pair looking likely to continue towards the downside. The Friday rally into the $0.7236 swing low, alongside the 200-day simple moving average (SMA) on the four-hour chart, provided another turn lower. As such, watch out for […]

Gold Slips, USD Firms on Fed Rate Hike + Commodities

Gold Slips, USD Firms on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold prices dipped Monday as the USD firmed in the wake of indications from the Fed last week that it will pursue a tighter monetary policy. The Fed raised US interest rates last week and said it […]

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs The Australian Dollar outlook remains “mildly bearish” amid a deteriorated environment for so-called risk assets, according to analysts at Australia & New Zealand Banking Group (ANZ), who say the Antipodean will remain at the mercy of global market sentiment during the weeks ahead. With the Reserve Bank of Australia sitting […]

Australian: USD/AUD (AUD=X) turning lower from trendline resistance

Australian: USD/AUD (AUD=X) turning lower from trendline resistance

Australian: USD/AUD (AUD=X) turning lower from trendline resistance AUD/USD is turning lower once more this morning, following yet another rebound into trendline resistance. There is a strong chance that we will see another move lower from here to continue the wider bearish trend. However, a break below $0.7236 would provide us with a greater degree of confidence […]

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets The Australian Dollar lived up to its reputation as the risk-proxy of choice for traders during this trade war, selling off to as low as 0.7150 in the lead-up to US President Trump’s announcement of the latest round of US tariffs […]

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance AUD/USD has started the week in bearish fashion, with the price gapping lower after hitting trendline resistance on Friday morning. With the price having moved into the four-hour simple moving average (SMA), alongside the swing low from Thursday, a break below that $0.7254 level will dictate the […]

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions The Australian Dollar, a proxy of China-related trades as well as gauge of risk sentiment, climbed to a three-week high last week. It also produced its biggest weekly advance in 14 months. Additionally, S&P Global Ratings revised its outlook on triple-A rated Australia […]

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce […]

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite The Australian Dollar received a boost from an increase in risk appetite last week, on the back of what were at the time easing trade war tensions and better than expected employment figures. While the global growth outlooked has soured with the […]

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop AUD/USD continues to demonstrate notable strength despite getting no help from the Reserve Bank of Australia (RBA) and the fresh round of trade wars that broke out last night. It is still in a firm downtrend, but a rebound towards $0.73 now looks possible. A close back below […]

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows Rising US bond yields looks likely to underpin US Dollar strength in the medium to long term. The greenback fell over the course of last week’s trade, primarily due to rallies in the Pound and Euro on the back of easing Brexit fears, along with upbeat assessments from […]

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary Australia enjoyed a gain of 44K jobs in August, nearly triple the expectations. Another boost to the Aussie came from the trade war front. The US has not imposed new tariffs on China and negotiations have resumed. Do the talks have a fair chance? This is […]

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance AUD/USD has managed to rebound sharply over the past 24 hours, breaking out of a period of sideways consolidation and into a retracement. This points towards a good bearish selling opportunity coming into the fray, given the deep retracement we have seen. The almost perfect respect of the 76.4% […]

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last AUD/USD has been consolidating this week, following on from a sharp drop towards the end of last week. Despite the fact that we are trading sideways, there is a good chance we will see another leg lower before long. That being said, given the size of that prior […]

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade

Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls Business confidence in Australia fell to a two-year low, according to the NAB Business Confidence Index released this morning. The index reached 4 in August, considerably lower than last month’s reading of 7 and hit one of the lowest values since October 2016. Nevertheless, NAB’s index that measures […]

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler After gradually selling-off throughout the week, of course due to the increased fears about global growth and emerging markets, the AUD/USD broke through support at 0.7160 late on Friday, as interest rate traders boosted their bets on further interest rate hikes from the US Federal Reserve after US Non-Farm […]

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