AUD/USD hovers around 0.6960s in choppy trading ahead of the weekend
Consumer Sentiment in the United States improved and capped AUD/USD rally. The US last inflation report, spurred speculation that the Fed would decelerate the pace of interest rate increases. Improvement in Australia – China relations is a tailwind for the Australian Dollar. The Australian Dollar (AUD) hit a fresh six-month high against the US Dollar […]
Retreats from multi-month top, downside potential seem limited
AUD/USD fails ahead of the 0.7000 mark and corrects from a multi-month top touched on Friday. A combination of factors helps revive the USD demand and exerts downward pressure on the pair. The technical setup favours bulls and supports prospects for the emergence of some dip-buying. The AUD/USD pair retreats from the vicinity of the […]
AUDUSD Bearish Triple Zigzag Underway!
The AUDUSD pair is forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ in the long term. The final primary wave Ⓩ is a simple zigzag (A)-(B)-(C). At the moment, an impulse wave (C) is formed, consisting of minor sub-waves 1-2-3-4-5. The minor corrective wave 4 which is a minute triple zigzag has ended. Prices could continue to […]
Australian Dollar Bumps Up on Data Amid Global Macro Tailwinds. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Fed, RBA, China, Iron Ore – Talking Points The Australian Dollar got a sugar hit from data but settled back in the range A re-acceleration of domestic price pressures might see more RBA action China’s re-opening could fuel inflation. Will it drive AUD/USD to a new peak? Recommended by Daniel […]
AUDUSD and NZDUSD Outlook from the Charts and Fundamental Perspective
AUDUSD, NZDUSD, Dollar and AUDNZD Talking Points: The Market Perspective: AUDUSD Bearish Below 0.6850; NZDUSD Bearish Below 0.6200; AUDNZD Bullish Above 1.0875 The Australian and New Zealand 2-year yields have been rising against their US counterpart these past weeks as speculation of a lower Fed terminal rate has grown AUDUSD is pressuring the midpoint of […]
AUD/USD prints a new five-month high above 0.6900 as the USD remains offered
AUD/USD climbs due to traders’ speculations that the US Federal Reserve would shift dovish. US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD. AUD/USD Price Analysis: A daily close above 0.6900 can exacerbate a rally to 0.7000. The AUD/USD soars sharply above the 0.6900 figure on […]
Australian Dollar Leaps Despite Weak Data as the US Dollar Slides. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Crude Oil, Gold – Talking Points The Australian Dollar vaulted higher as the US Dollar wilted US data has led to a theory that the Fed might not be aggressive going forward China’s re-opening has not been smooth, but it might move AUD/USD Recommended by Daniel McCarthy Get Your Free […]
AUDUSD, AUDJPY and AUDNZD Outlook Present Very Different Pictures
AUDUSD, AUDJPY and AUDNZD Talking Points: The Market Perspective: AUDUSD Range Below 0.6880 and Bearish Below 0.6650; AUDJPY Range 91 to 88 The Australian Dollar has maintained a relatively light economic docket, which makes it exposed to more active counterparts Technically, AUDUSD has traded head-and-shoulders patterns within a short period, AUDJPY has a drawn out […]
AUD/USD soars sharply above 0.6850 on weak ISM data and offered US Dollar
AUD/USD surged on weak US ISM Services data, which contracted to its lowest since 2020. The US economy added more jobs than estimated while wage growth eases, helping the Federal Reserve’s job to tame inflation. Fed policymakers reiterated the need to curb inflation, emphasizing that they will stay the course. The Australian Dollar (AUD) rallied […]
Surfing The Waves With Gregor Horvat: USDJPY, EURUSD, AUDUSD, NZDUSD, DAX & More!
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