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
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,
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
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
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.
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,