AUD/USD is hovering in a tight range below 0.6800 on Monday. Bets on aggressive Fed rate hikes keep dollar strong. Tuesday is the decision of the Australian central bank. The AUD/USD is having a hard time making up ground on Monday and is trading in a tight band for the first half of the day. […]
Tag: AUDUSD
China: Caixin/S&P Global Services PMI falls to 55.0 in August from 55.5 prior
The Caixin/S&P Global services PMI for August stood at 55.0 points compared to 55.5 the previous monthwhich shows that the growth of the country’s service sector activity slowed down in the reported month. August survey data suggests that the rally was supported by a strong increase in global saleswhile companies reported a higher number of […]
AUD/USD hits fresh daily high after NFP, but loses continuity beyond 0.6850
AUD/USD adds to intraday recovery gains and refreshes daily high in reaction to US mixed employment report. The US economy added 312,000 jobs in August and the unemployment rate unexpectedly rose to 3.7%. Aggressive expectations from the Fed should help limit any significant decline in the USD and cap gains for the pair. The pair […]
AUD/USD climbs back above 0.6800 on weak dollar ahead of Non-Farm Payrolls
AUD/USD recovers from multi-week lows. The dollar is moving away from two-decade highs and becoming a key support factor. Market with its sights set on the US employment report. The AUD/USD pair attracts some buying on Friday and recoups some of the previous day’s losses from the 0.6770 zone, the lowest level since July 18. […]
RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll
The Australia’s central bank will raise the cash rate by 50 basis points on Tuesday to curb rising inflationbut will moderate the rate of increases in the remainder of the year, according to a Reuters survey of economists. The survey update also mentions that the Reserve Bank of Australia (RBA), one of the last to […]
AUD/USD falls below 0.6800 ahead of US NFPs.
AUD/USD is still trading in the red, currently down 1.90%. Global factory activity slowed, with the exception of the US, which remains in expansion territory. AUD/USD: Could form an inverse head and shoulders if buyers keep prices above 0.6881; otherwise 0.6402 is the next target. On Thursday, the AUD/USD fell to seven-week lows amid a […]
AUD/USD remains bearish near multi-week lows
AUD/USD remains depressed near a multi-week low and is under pressure from a combination of factors. Aggressive expectations from the Fed and high yields on US bonds push the dollar back close to two-decade highs. The risk environment reinforces the safe-haven dollar and weighs on the risk-sensitive Aussie. The pair AUD/USD it struggles to take […]
AUD/USD hovers around 0.6850 below daily high around 0.6900
AUD/USD remains positive, although far from daily highs. Fed Mester: Expect the Fed Funds Rate (FFR) to end at around 4% in 2023. Mixed US economic data, a tailwind for AUD/USD. The AUD/USD it is almost lateralized, although far from the highs of the day after reaching a daily high above the 0.6900 mark. Factors […]
AUD/USD at weekly highs, pulls back below the 50 DMA
AUD/USD hit a weekly high around 0.6956, but data and sentiment bolstered the USD. Rising US Treasury yields underpinned the dollar, creating a headwind for AUD/USD. US consumer confidence improves, while job openings rise. The AUD/USD faced strong resistance around the 20-day EMA at 0.6959 and dipped below 0.6900 amid a risk-off drive, with the […]
AUD/USD rises towards 0.6950 amid modest USD weakness
AUD/USD gains traction for the second day in a row and recovers from a six-week low. Pullback in US bond yields and risk boost weigh on the dollar and offer support for the pair. Aggressive bets on Fed rate hikes should limit deeper USD losses and keep the pair contained. The pair AUD/USD attracts some […]