The AUD/USD may experience further downside as investors lose confidence in the Reserve Bank of Australia’s (RBA) ability to control stubborn inflation. While the RBA has acknowledged concerns about the volatility of monthly Consumer Price Index (CPI), investors are not convinced that their response is adequate to contain the consequences.
Introduction The AUD/USD currency pair pulled back from a nearly two-week high on Monday as investors awaited fresh catalysts. While an intraday recovery in global risk sentiment helped limit the downside, the pair faced headwinds from bets for a less hawkish Federal Reserve. Traders now turn their attention to the.
The AUD/USD continues to struggle to find acceptance above the 0.6700 mark on Friday. The Australian dollar is facing headwinds due to the risk-off sentiment, which has revived demand for the safe-haven US dollar. The risk-off sentiment is fueled by concerns over the global economic outlook. The ongoing coronavirus outbreak.
Introduction: The AUD/USD pair has been on the rise, scaling higher for the second straight day and reaching a nearly two-week high. The move comes as the US dollar weakens on the back of expectations for a less hawkish Fed. However, despite this bullish sentiment, there are concerns that a.
The AUD/USD pair gained some positive momentum on Thursday as upbeat Australian jobs data boosted the domestic currency. The latest figures from the Australian Bureau of Statistics (ABS) showed that the country’s unemployment rate dropped to 4.6% in February, beating analysts’ expectations of 5.0%. The data also revealed that the.
The AUD/USD pair has struggled to hold onto its gains as the US dollar strengthened against its Australian counterpart. The greenback rose in value due to expectations that the Federal Reserve will adopt a hawkish outlook, which will cause US bond yields to rise. Higher bond yields increase the attractiveness.
Introduction: The AUD/USD currency pair has struggled to gain bullish momentum in recent trading sessions as traders remain cautious ahead of the highly anticipated US Consumer Price Index (CPI) report. The currency pair saw early gains on the back of a positive risk tone, but a stronger US dollar has.
Introduction: The Australian dollar has been on a bullish streak lately, with the AUD/USD currency pair reaching its highest point in almost two months. The surge in value is due to a combination of factors, including a risk-on sentiment led by SVB, receding hawkish bets on the Federal Reserve, and.
The AUD/USD pair recovered from an intraday dip to a fresh YTD low as the US Dollar retracement slide continued. The spot prices climbed back closer to the 0.6600 round-figure mark during the early European session and drew support from some follow-through US Dollar selling. USD Retracement and Fed Rate.
Introduction The foreign exchange market is one of the most dynamic and volatile financial markets in the world. Traders and investors analyze various technical and fundamental indicators to predict the movement of major currency pairs. This article provides an in-depth analysis of the current market conditions and predicts the potential.
Introduction: The AUD/USD currency pair has been trading within a 100 pip box between 0.6900 and 0.7000, with the bears struggling to gain conviction. The recent moves towards the neckline were faded quickly, creating a pool of liquidity for the bulls to make their move. Despite the lack of a.
Introduction: The AUD/USD pair experienced a sharp drop in the London fix and around the Wall Street cash open, causing significant damage to the technical structure. Many traders who bought the break of 0.7000 on the hourly chart were caught off guard and are now waiting for a potential correction.