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.
AUD/USD gaps down as the trading week begin. Fresh fears of virus, reflation and US-China tussle weigh on risks. Fed let the SLR expire by March-end, Aussie Retail Sales disappointed. US Treasury yields stay firm, equities drop as markets await Fed Chair Powell’s testimony. After two consecutive days of losses and a weekly negative
AUD/USD begins the week with a downside gap of 12 pips. US dollar benefited from upbeat data at home, rising treasury yields. Stimulus, vaccine rollouts offer extra strength to the bulls. RBA’s Lowe, China’s Retail Sales, Industrial Production will be the key. Following a week-start gap-down to 0.7751, AUD/USD takes rounds to 0.7750, picking
AUD/USD matches Friday’s closing at weekly open, stays depressed near one-month low. US Senate passes President Joe Biden’s $1.9 trillion stimulus during weekend. American employment data came in strong, China’s trade figures also impressive. Light calendar keeps risk catalysts, bond moves on the driver’s seat. AUD/USD begins the trading week near Friday’s close of
AUD/USD wavers around three-week low flashed on Friday. RBA’s surprise bond purchase, upbeat US data portrayed heaviest decline since March 18, 2020. China’s NBS Manufacturing PMI eased in February, Caixin PMI awaited. Treasury yields, US stimulus headlines and month-start activity numbers will be the key. AUD/USD gyrates near a three-week low, currently around 0.7710,
AUD/USD begins the week with a gap-up but stays near the multi-month high flashed Friday. Risks flash mixed signals as equities, US dollar dwindle but the Treasury yields in major countries remain strong. Upbeat PMIs, unlock news from UK and Israel favor market sentiment, Fed’s caution and mixed US data probe the bulls. No major
AUD/USD keeps Friday’s upside momentum, stays above 0.7750 at the week’s start. US dollar weakness could be traced to the rally in equities, Treasury yields. Fresh lockdowns in Pacific nations, off in China probed bulls cheering stimulus, vaccine developments. A light calendar ahead, off in Beijing and Washing will keep risk catalysts on the driver’s
AUD/USD begins February with a gap-down after taking a U-turn from highest since March 2018 peak the previous month. Gyrations in stocks, five-day lockdown in Perth and downbeat China PMIs favor sellers. Second-tier data from Australia, China’s Caixin Manufacturing PMI will decorate the calendar in Asia. AUD/USD kick-starts February with a downside gap from 0.7641
AUD/USD keeps Friday’s bearish impulse around key support levels. Fresh challenges to US President Joe Biden’s $1.9 trillion stimulus, covid strain worries weigh on risks. Mixed data renewed doubts over monetary policy actions. The key risk catalysts will be in spotlight amid a light calendar. AUD/USD begins the week’s trading on a back foot as
AUD/USD begins the week with a downside gap of over 30 pips. Netherland, Australia has one case each of new covid variant, WHO is in close contact with the UK. EU less likely to ratify Brexit deal in 2020 amid differences over fisheries, level playing field. US aid package up for voting in the Congress,