AUD/USD witnesses strong selling for the second day in a row and falls to a fresh multi-week low. Weaker outlook for iron ore demand and risk-off sentiment weigh on AUD. Expectations for an aggressive Fed rate hike are buoying the USD and contributing to the intraday selling bias. The breakout of the confluence of the […]
Tag: RiskAversion
The bears are flirting with the 61.8% Fibonacci level/uptrend line/50 DMA
-637858862857906336.png "The bears are flirting with the 61.8% Fibonacci level/uptrend line/50 DMA")
AUD/USD continued to lose ground on Monday and fell to a one-month low. Sustained USD buying and risk-off sentiment weighed on the Australian dollar perceived as riskier. The technical setup favors bearish traders and supports the prospects for further losses. The pair AUD/USD it extended its recent sharp pullback from the 0.7660 zone, or the […]
AUD/USD remains on the defensive, downside looks limited ahead of FOMC minutes
Sustained buying around the USD and risk aversion weighing on the perceived riskier AUD. The Fed’s dovish outlook and rising US bond yields push the dollar to a nearly two-year high. The crisis in Ukraine lifts commodity prices and the upbeat comments from the RBA offer some support to the pair. The pair AUD/USD remains […]
USD/JPY rally to 124.00 ahead of Fed minutes
USD/JPY is attempting a bounce, finding support from firmer US Treasury yields. The pair struggles to resist above 124.00 amid a pullback in the US dollar. All eyes remain on the Fed minutes, which could highlight the divergence in monetary policy between the Fed and the BoJ. The pair USD/JPY is rallying towards the 124.00 […]
