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Audusdshort

AUDUSD: More economic data steady dollar, focus on Fed meeting The dollar index and dollar index futures edged lower in Asian trading but remained firm overnight after data showed U.S. business activity unexpectedly increased in November. Ten. The statistics suggest continued resilience in the U.S. economy and give the Federal Reserve room to raise rates further. Federal Reserve Chairman Jerome Powell is expected to speak at a news conference later in the day, after repeating last week that U.S. interest rates will remain high for a long time. Third-quarter gross domestic product (GDP) data will be released on Thursday and is expected to provide further signals for the world's largest economy. A strong economy gives the Fed more leeway to keep interest rates high.
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by Chart_MasterPro
Currency Watch: AUDUSD of interest for next 2 weeks? There are two weeks left until the Reserve Bank of Australia (RBA) decides whether to enact another rate hike (on November 7). And, yesterday’s Australia Consumer Price Index (CPI) might have made the trading in the lead up to this decision more interesting. The CPI figures show a quarterly inflation increase of 1.2% and an annual increase of 5.4%, raising pressure on the RBA to consider another interest rate hike. But, is the conviction to hike any more really there? RBA's newly-appointed governor, Michele Bullock, delivered a strong message during her public address yesterday, warning that the bank won’t hesitate to raise interest rates if inflation doesn’t behave itself. The Commonwealth Bank of Australia and ANZ have both now revised their rate pause view. Both now see a 0.25% hike in November. Similarly, traders are predicting a 65% chance of a rate hike next month too. The RBA would be one of the very few central banks still hiking, which might add some fuel to AUD bulls (Markets think that both the US Federal Reserve and the European Central Bank are done with hiking). On the back of higher-than-expected inflation data, the AUD appreciated toward a strong resistance at 0.63995, hitting its strongest levels in almost two weeks. However, sellers came into the market here, and have since pushed the pair below where it started yesterday, keeping its long-term downward trajectory intact.
by BlackBull_Markets
AUDUSD: AUDUSD is under pressure ahead of US and Australian dataThe Australian dollar is currently down to 0.6310, with the next key supports at 0.6300 and then 0.6285. For buyers, the key immediate resistance is the 14-day EMA at 0.6347, with resistance at 0.6400 and 0.6429, the 23.6% Fibo level of the decline from July peak to September low. This week, markets will continue to wait for a series of PMI reports from both countries. Additionally, the governors of both central banks are also scheduled to speak this week, as well as the release of Australian CPI, US PCE inflation, and the University of Michigan Consumer Confidence Index.
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by Chart_MasterPro
AUD/USD rises for fifth day (but resistance looms)The Aussie has risen for a fifth day, but it is worth noting that minor rallies tend to peter out around the 5-6 day mark. Price action on the 1-hour chart also suggests the rally could be corrective, against its drop from 65c-63c. Given a bearish RSI divergence is forming on the 1-hour RSI (14) and the 50-day EMA resides around the weekly R1 pivot, we're looking for evidence of a swing high and for momentum to turn lower.
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by CityIndex
1
AUDUSD: Asian stocks opened lower after a negative overnight sesAsia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points. US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively. Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
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by Chart_MasterPro
AUDUSD - Potential short ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.64000. Fundamental analysis: Tomorrow will be released Unemployment Rate in Australia and Unemployment Claims in USA. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
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by Snick3rSD
Asian stocks fell slightly as the USD stabilized on many economiMost Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war. Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most notably Chairman Jerome Powell on Thursday. The data and addresses are set to provide more signals on the world's largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish. The Australian dollar edged up 0.3% as minutes from the Reserve Bank of Australia's recent meeting showed policymakers are still considering more interest rate hikes, as recent inflation persists. increase.
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by Chart_MasterPro
AUDUSD: Asian foreign exchange little changed as dollar falls; TMost Asian currencies fell slightly on Monday, while the dollar edged away from recent peaks as investors continued to worry about any potential spillovers from the Israel-War. Hamas. Demand for riskier Asian currencies remained weak, while the dollar saw mild profit-taking after reaching near a 10-month high last week. Concerns about higher interest rates in the US, after inflation rose sharply in September, kept Asian market sentiment largely negative. The Australian dollar rose 0.4%, recovering from a 10-month low, although sentiment towards the currency remained dampened by weak commodity prices.
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by Chart_MasterPro