Currency pair AUD/USD starts the week off in hands of bulls

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

Currency pair AUD/USD recovery moves capped near 0.7500 after Aussie Retail Sales, PBOC

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

Currency pair AUD/USD; RBA will keep policy settings unchanged at Tuesday’s meeting – Bloomberg

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

Currency pair AUD/USD bulls tiring in bearish H&S pattern

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

Currency pair AUD/USD remains on the way to 0.7820 hurdle ahead of China data dump

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

Currency pair AUD/USD bulls seek strong push to extend Friday’s jump to 10-week top

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,

Currency pair AUD/USD holds above 0.7690 key support amid mixed clues

AUD/USD defends short-term trading range after the heaviest monthly gain of 2021. US dollar gained on Friday amid covid fears, looming uncertainty over Biden’s stimulus. Mixed PMI from China, month-end moves also weighed on the quote. Second-tier Aussie data, risk catalysts will be the key, off in China, Japan can restrict market moves.   AUD/USD

Currency pair AUD/USD defends 0.7700 amid mixed catalysts on ANZAC Day off in Australia

AUD/USD kick-starts the week with a bounce defying late Friday’s pullback after a lacklustre week. Vaccine optimism gain momentum as J&J gets a go for usage, global leaders help India to battle pandemic. China’s tussle with the West escalate, NBC poll portrays support for Biden’s infrastructure spending plan. Off in Australia, New Zealand to limit

Currency pair AUD/USD drops towards 0.7700 while consolidating biggest weekly gains of 2021

AUD/USD looks for clear direction after Friday’s losses tested heavy run-up on the weekly basis. Market sentiment stays positive amid upbeat US data and a lack of negatives from home. Opening of trans-Tasman travel bubble contrasts geopolitical tensions, virus/vaccine headlines. No major data/events at home can keep the pair at the mercy of risk catalysts.

Currency pair AUD/USD recent challenges to sentiment probe bulls around 0.7650

AUD/USD fades Friday’s strength despite upbeat weekly open. USTR Tai signals no tariff relief for China, Germany’s Merkel warns of using Federal Law to tighten activity restrictions. Hopes of faster vaccinations and economic recovery join chatters around a $3.0 trillion US infrastructure spending plan. News affecting market sentiment remains the key amid a light calendar.