AUD/USD consolidates intraday losses near the monthly bottom. China CPI MoM, PPI YoY cross the market consensus and prior readings in July. DXY trims NFP-led gains near multi-day top amid stimulus, covid jitters. Qualitative catalysts remain the key factors to watch as bears keep the reins. AUD/USD extends rebound from monthly low to 0.7346
AUD/USD bears are back in town as the price fails to rally beyond resistance. RBA, covid, Fed, China, iron ore and US jobs data are all critical for the week ahead. AUD/USD ended the day on Friday under heavy pressure, down 0.7% falling from a high of 0.7404 to a low of 0.7331. The US dollar
AUD/USD downside expectations as the markets buy into the US dollar. The FOMC and domestic CPI data will be the focus for the week ahead. AUD/USD is starting the week off flat in a quiet beginning to what is expected to bring plenty of actin considering what is at stake in the Federal Open Market
AUD/USD bears push bulls onto the ropes. Risk-off supporting the bearish outlook for the open. AUD/USD ended the week on the back foot, falling into highly negative territory from a technical basis and hurt by investors running for cover from the spread of the Delta variant. Coronavirus has played a significant role in the recent
AUD/USD bears seeking a break of daily support. Risk-on is supporting both the commodity complex and high beta-FX. At the time of writing AUD/USD is opening the week near 0.75 the figure following a risk-on end to the week on Friday as equities printed fresh record highs and the commodity complex benefitted from a weak US dollar. DXY
AUD/USD keeps early Asian recovery following the key data/events. Preliminary Aussie Retail Sales for May drops below 0.7% market consensus, PBOC keep benchmark rate unchanged near 3.85%. Market sentiment remains sluggish, US Treasury yields drop to three-month low. Second-tier US data, Fedspeak eyed for fresh impulse. AUD/USD bulls ignore downbeat Aussie data as attacking the
Ahead of Tuesday’s monetary policy meeting by the Reserve Bank of Australia (RBA), Bloomberg anticipates no change in the Aussie central bank’s policy settings. At the same time, the analytical piece said, “The Reserve Bank will likely hold preliminary discussions on whether to extend the three-year yield target and undertake further quantitative easing.” “The strength
AUD/USD bears seeking break of the daily support structure. Eyes on the daily H&S pattern, commodities and US stocks AUD/USD ended lower on Friday, losing 0.59% as the US dollar firmed on strong US data during mixed markets on Wall Street. AUD, which is a high-beta currency, is closely correlated to the performance of US stocks and
AUD/USD wavers around Friday’s top after posting the heaviest weekly loss in 11 weeks. Market sentiment improved after US data came in weaker, backing the Fed’s defence to easy money policy. Covid, geopolitical plays probe bulls amid cautious mood ahead of the top-tier data from the key customer China. AUD/USD begins the week mostly
AUD/USD begins the week with a gap-up but fails to refresh recent top. Risk appetite strengthened as equities, gold cheered NFP’s shock but Treasury yields rose and US dollar dropped. Downbeat jobs report backed Fed’s support to easy money policy. Final reading of Aussie Retail Sales for March, NAB data for April will decorate calendar,