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USD ‘rebound’ lacks the enthusiasm of last week’s selloff: Asian Open
The US dollar may have risen for a third day, yet bulls lack the conviction that bears displayed last week. And that suggests this bounce could be corrective.
AUD/USD snaps 4-day winning streak, ASX 200 set to follow? Asian Open
The Australian dollar handed back all of its pre-RBA gains, which was trying to notch up a fifth consecutive bullish day on anticipation of a more hawkish RBA. Yet the statement was not overly hawkish and Governor Bullock said the RBA “believe rates are at the right level to get inflation back to target”. Inflation was revised higher to show inflation falling back to target at a slower pace and the RBA remain “vigilant” to upside risks.
AUD/USD, ASX 200: Jobs report has little RBA implications, back to watching China
Australians are none the wiser as to what’s happening in the domestic labour market with another volatile jobs report creating more questions than answers. AUD/USD is largely unmoved, leaving offshore factors to remain in the driving seat.
AUD/USD, ASX 200 dragged lower during risk-off trade: Asian Open
A risk-off tone ensued across global markets to send the US dollar higher, to the detriment of AUD/USD and the ASX 200.
US dollar, yields surge on hot US CPI, ASX set to gap lower: Asian Open
Bond yields and the US dollar surged after the latest US inflation report bought serious doubt over a June Fed cut, dragging global indices lower which sets the stage for the ASX 200 cash market to suffer today.
AUD/USD, NZD/USD, ASX 200 rise ahead of RBNZ, US inflation: Asian Open
1-day implied volatility levels for USD/JPY, EUR/USD and NZD/USD have blown out ahead of today’s key events, which includes comments from BOJ’s governor, and RBNZ cash rate decision and the US inflation report.
US dollar hints at NFP rebound, ASX 200 to track Wall Street lower?
The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce.
AUD/JPY, ASX 200 forecast: Asian Open – April 3, 2024
AUD/JPY and the ASX 200 look set to diverge with the former strongly hinting at a swing low and the latter failing to hold above 7900 on Tuesday.
Big session for ASX bulls as uptrend support gives way
Friday looms as an important day on the directional risks for Australia’s ASX 200 with futures puncturing through uptrend support overnight dating back to when the Fed pivoted away from rate hikes in early November. Recent history suggests it may pay to wait to see whether the break sticks.
AUD/USD not feeling the love from perky commodity prices
AUD/USD looks heavy on the charts, weighed down by tumbling iron ore and coal prices and widening interest rate differentials with the United States.
AUD/USD holds 200 EMA post CPI, gold snaps 9-day winning streak: Asian Open
AUD/USD held above its 200-day EMA and shows the potential to bounce today, alongside gold - despite the fact it snapped its 9-day winning streak.
AUD/USD, ASX 200 pause for breath ahead of US CPI: Asian Open
With traders eager to price in Fed cuts, today’s US CPI could bolster the US dollar and see AUD/USD and the ASX 200 pull back further if the data comes in too hot.
US dollar extends losses on dovish Powell comments: Asian Open
Jerome Powell said what traders wanted to hear during his testimony to the House Committee; rate cuts are coming.
USD/JPY hints at market top, ASX 200 ready for lift off? Asian Open
With yen futures at a sentiment extreme, hawkish comments from the BOJ hint at a top for USD/JPY. And with ASX 200 futures hitting a record high ahead of the NY close, a break above 7700 is now in focus.
AUD, NZD in focus for AU CPI and RBNZ meeting: Asian Open
Data finally begins to pick up for the week with an AU CPI report and RBNZ meeting, which places NZD/USD and AUD/NZD into focus.
AUD/USD snaps 8-day rally, ASX remains rangebound near its highs
Momentum finally turned lower on AUD/USD after its 8-day rally met resistance at the 200-day EMA.
AUD/USD falters at the 200-day MA, ASX 200 eyes record high
AUD/USD rose for a seventh day yet left a prominent reversal candle at the 200-day EMA. Positive sentiment for the stock market could see the ASX 200 retest or even break to a new record high.
AUD/JPY nears 17-month high, ASX 200 looks set to bounce: Asian Open
AUD/JPY has fast approached a pivotal level to hint that an eventual breakout could be on the cards, even if not immediately. The ASX 200 looks sets to bounce after positive earning from Nvidia lifted Wall Street futures after market hours.
Australia’s ASX 200 vulnerable on shakeout of soft-landing bets
Having been a major benefactor from the soft-landing narrative, the combination of higher global interest rates and stretched valuations has Australia’s ASX 200 index under pressure.
USD/JPY breaks 150 as bulls eye 152, AUD/USD seems on track for 64c
US inflation data was broadly higher than expected, which triggered well defined moves in favour of the US dollar and to the detriment of all else. Whilst USD/JPY and AUD/USD could retrace from their overextended moves seen on Tuesday, 152 and 64c seem like viable targets for them respectively.
EUR/USD falters at 1.08 on CPI-eve, USD/JPY remains buoyant: Asian Open
EUR/USD snapped a 4-day winning Streak around a key resistance zone, and USD/JPY traded less than 50-pips from 150 ahead of a key YS CPI report.
S&P 500 taps 5k record, ASX futures to extend bull-flag breakout?
The S&P 500 tapped 5k for the first time ever. But do traders have the appetite to extend its trend heading into the weekend? For now, our focus is on a bull flag pattern on the ASX 1-hour chart.