AUD/USD remains subdued on the first trading day of the week. The Australian dollar losses against the greenback on a slightly upbeat market mood. US Dollar retreats from the higher levels amid risk-aversion. AUD/USD treads water in the Asian session on Monday morning. The pair continued to trade under the influence of the previous
AUD/USD marked second positive weekly closing after Friday’s mild gains, unchanged of late. US data weighed on the USD but virus woes, downbeat Aussie data probed pair buyers. Bears remain hopeful amid downbeat market sentiment, virus woes at home and abroad. China Retail Sales, Industrial Production for July become the key data to follow.
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