AUD/USD renews weekly bottom around 0.6890 amid poor Aussie employment, downbeat yields
AUD/USD bears poke previous monthly top during a two-day downtrend from five-month high. Australia jobs report bolstered case for slower rate hike from the RBA. US Treasury bond yields renew multi-day low even as downbeat data, hawkish Fedspeak renew recession fears. AUD/USD holds lower ground near the intraday low near 0.6890 as the previous monthly […]
Australian Dollar Dipped After Slight Miss on Jobs Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Employment, – Talking Points The Australian Dollar lost ground after jobs numbers disappointed Despite the miss, the Australian labour is tight and might impact CPI The US Dollar continues to hold sway. Will it allow AUD/USD to make a new high? Recommended by Daniel McCarthy Get Your Free AUD Forecast […]
When is the Australian employment report and how could it affect AUD/USD?
December month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate catalyst for the AUD/USD pair traders. Market consensus suggests that the headline Unemployment Rate may remain unchanged at 3.4% on a seasonally adjusted basis whereas Employment Change could ease to 22.5K versus the […]
Economic development situation in 2023 is still complicated
China’s National Development and Reform Commission of the People’s Republic of China (NDRC), the country’s ‘state planner’ said in a statement on Wednesday, “the economic development situation in 2023 is still complicated.” Additional quotes “The external environment is turbulent.” “Pressure on China’s economy is still large.” “Confident and capable of promoting the continuous recovery and […]
Australian Dollar Bumped on Strong China GDP Data. Where to for AUD/USD?
Australian Dollar, AUD/USD, China GDP, Iron Ore, US Dollar, Fed – Talking Points The Australian Dollar firmed again after solid China GDP figures China’s re-opening is yet to hit the growth numbers but has helped commodities The US Dollar appears vulnerable. Will it boost AUD/USD to a new peak? Recommended by Daniel McCarthy Get Your […]
AUD/USD to inch higher gradually towards last August high of 0.7090/0.7130 – SocGen
AUD/USD has broken into 0.70 handle for the first time since August. Economists at Société Générale expect the pair to head toward the 0.7090/0.7130 region. Defending 0.6830 crucial for further up move “AUD/USD has overcome the 200DMA first time since giving it up in April last year; this affirms persistence in upward momentum.” “Defending the Moving […]
Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your Free […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
Bullish breakout on the cards or have we seen the highs?
AUD/USD bulls in control but there is a case for both the bulls and bears at this juncture. A break through the 0.6880s opens risk to 0.7050 and 0.7090 while a break below 0.6950 opens risk of a move to 0.6870. It’s been a roller coaster of a ride to start the year and AUD/USD […]
AUDUSD dips to the 100 hour MA and finds buyers on the first look
AUDUSD bounces near the 100 hour moving average The move down in stocks and up in yields sent the price lower in the late London morning session, in the early New York session, the price fell below the swing highs from Monday and swing lows from yesterday and today between 0.6943 and 0.6949. The price […]