AUDUSD=X - AUD/USD
| Previous close | 0.684 |
| Open | 0.685 |
| Bid | 0.684 |
| Day's range | 0.683 - 0.688 |
| 52-week range | 0.6672 - 0.7295 |
| Ask | 0.684 |
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – RBA Rate Cut Off Table; Coronavirus Impact New Wildcard
The employment report is good news for Australian Dollar bulls and discouraging news for short-sellers betting on a February rate cut. Now they have to reset the clock to April or May so selling the AUD/USD on rallies may not be sound advice unless the coronavirus scare spooks investors into dumping the currency because of Australia’s ties to China’s economy.
- FX Empire
GBP/USD – Pound Rebounds, Punches Above 1.31
The British pound has flexed some muscle, as GBP/USD has climbed above the 1.31 line for the first time in two weeks. Will the upward move continue?
- FX Empire
The Aussie Dollar Makes a Move as the Focus Shifts to the ECB and the EUR
Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?
- FX Empire
AUD/USD Price Forecast – Australian Dollar Rebounds
The Australian dollar fell to test the previous downtrend line but bounced significantly from there to show signs of resiliency. The hammer that is trying to form is a good sign, and quite frankly it looks as if the Aussie is trying to save itself.
- FX Empire
Aussie Dollar Slips Amid Fears over Wuhan Coronavirus
Mystery virus poses a threat to the Chinese economy and the Phase One trade deal may not actually help the Aussie dollar.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Pessimism Wipes Out Trade Deal Premium
The bearish consumer confidence news is likely to keep a lid on the AUD/USD on Wednesday. If there is an intraday rally, it is likely to be driven by short-covering ahead of Thursday’s Employment Change and Unemployment Rate reports.
- FX Empire
AUD/USD Selling on Rallies Towards M L3 Camarilla
Dear Traders, The AUD/USD is still bearish as long as the price is below M L3 pivot. 0.6853 zone shows sellers and we should see bearish continuation move.
- FX Empire
GBP/USD – Strong Job Numbers Lift Pound
Solid employment numbers has given the pound a much-needed lift, as it struggles to stay above the symbolic 1.3000 level.
- FX Empire
It’s a Big Day for the Loonie, with the Bank of Canada and Monetary Policy in Focus
The Bank of Canada and the Loonie are in focus, with economic data on the lighter side elsewhere…
- FX Empire
Australian Dollar Could Slide After Phase One Deal
The U.S-China trade war has dampened the Australian economy, as China is a key trading partner for Australia. The Phase One trade accord could weigh on the Australian dollar, as a Chinese commitment to purchase more U.S. goods could come at the expense of Australian exports.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Continues To Find Support
The Australian dollar has gone back and forth during the trading session again on Tuesday, initially breaking down below the recent lows, but has turned around to show signs of life again.
- FX Empire
IMF Cuts Growth Forecasts Amid ‘Sluggish’ Global Economy
IMF attributes ‘the lion’s share’ of downward revision to ‘more subdued growth forecast’ for India. Asia’s third-largest economy, is expected to grow by 5.8% in 2020, a 1.2 percentage point markdown from the organization’s October forecast.
- FX Empire
AUD/USD Forex Technical Analysis – Could See Acceleration into .6809 Over Near-Term
Based on the early price action and the current price at .6849, the direction of the AUD/USD the rest of the session on Tuesday is likely to be determined by trader reaction to the short-term 50% level at .6851.
- FX Empire
GBP/USD – Pound in Holding Pattern Ahead of Job Reports
The pound is subdued on Tuesday, but that could change later in the day, as investors brace for soft employment numbers out of the U.K. (releases at 9:30 GMT).
- FX Empire
Coronavirus Jitters Surface as the Focus Shifts to Employment Numbers and the GBP
More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Continues To Slide
The Australian dollar initially tried to rally during the trading session on Monday but found trouble at the 200 day EMA. The market has broken down towards the 50 day EMA which of course should show support.
- FX Empire
AUD/USD Forex Technical Analysis – Today’s Downside Target .6851 – .6849
Based on the early price action and the current price at .6874, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the main 50% level at .6876.
- FX Empire
GBP/USD – Pound Losing Grip on 1.30
British numbers were dismal last week. On Friday, retail sales declined by 0.6%. The pound is showing signs of weakness, as it has slipped below the symbolic 1.30 level. Is cable headed for further losses?
- FX Empire
AUD/USD and NZD/USD Fundamental Weekly Forecast – Aussie Jobs Report Should Set the Tone
This week’s price action will be largely controlled in Australia by the Employment Change and Unemployment Rate reports. The results of these reports could determine whether the Reserve Bank of Australia trims their benchmark interest rate in February.
- FX Empire
The PBoC Holds Loan Prime Rates Steady on a Quiet Day on the Economic Calendar
The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.
- FX Empire
AUD/USD Forex Technical Analysis – Downside Momentum Targets .6851 – .6809
Based on Friday’s close at .6872, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to the main 50% level at .6876.
- FX Empire
The Week Ahead: Monetary Policy in Focus, with the PBoC, BoJ, BoC, and the ECB in Action
It’s a big week on the monetary policy front, with stats also to influence…
- FX Empire
Strong U.S. Economic Data Weighs on Aussie, Kiwi & Yen
The Aussie and Kiwi were also underpinned by the inking of the trade deal, but domestic economic concerns limited gains as well as increasing chances of central bank rate cuts. Demand for higher-yielding assets drove the Japanese Yen lower.
- FX Empire
AUD/USD Weekly Price Forecast – Australian Dollar Continues To Grind
The Australian dollar went back and forth during the course of the week, trying to break out to the upside but then pulling back. Ultimately, this is a market that will be paying attention to Asia, because that will give Australia its clues.
