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AUD/USD, ASX 200 eye a solid close for the week: Asian Open May 17, 2024 AUD/USD and the ASX 200 have flourished this week thanks to renewed bets of Fed cuts, even though softer employment and wages data for Australia rekindled hopes of a lower RBA cash rate. By : Matt Simpson, Market...

AUD/USD breaks out, USD/JPY rolls over amidst worst day of 2024 for USD. May 16, 2024 The US dollar suffered its worst day of the year and Fed fund futures now imply with near certainty that the Fed will cut by September. And that saw AUD/USD breakout in style and USD/JPY roll over, breaking...

USD falters ahead of US CPI, ASX set to track Wall Street higher? Asian Open May 15, 2024 The USD was weaker despite higher producer prices, as traders placed greater emphasis on last month's figures being revised lower. And that now sees a 51% chance of a September Fed cut, according to Fed...

US dollar stabilises ahead of Powell, PPI, USD/JPY eyes 157: Asian Open May 14, 2023 The US dollar has regained its footing heading into a Powell speech and US PPI report, whilst USD/JPY looks set to break resistance and head for 157. By : Matt Simpson, Market Analyst The US dollar index...

AUD/USD weekly outlook: Patiently awaiting a breakout. May 13,2024 The prospects of a weaker US dollar are growing which brings a potential breakout on the cards for AUD/USD, although it has some tough levels to crack first. By : Matt Simpson, Market Analyst Key themes and events for AUD...

EUR/USD, AUD/USD, gold look set to take advantage of US dollar weakness. May 10, 2024 The US dollar snapped its 3-day winning streak and formed a bearish outside day, helping gold reach our upside target. EUR/USD and AUD/USD are now eyeing a move towards key resistance levels. By : Matt...

USD ‘rebound’ lacks the enthusiasm of last week’s selloff: Asian Open May 9, 2024 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. By : Matt Simpson, Market Analyst The US dollar...

AUD/USD snaps 4-day winning streak, ASX 200 set to follow? Asian Open May 8, 2024 By : Matt Simpson, Market Analyst 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...

AUD/USD rises in RBA, GBP/JPY, gold look set to bounce: Asian Open May 7, 2024 Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can...

AUD/USD weekly outlook: Aussie rises for a second week, RBA on tap. May 6 , 2024 The RBA will announce their cash rate decision on Tuesday alongside their quarterly SOMP with updated staff forecasts. And that can quickly reshape expectations for the rest of the year and move AUD/USD accordingly...

USD/JPY: Toppy US bond yields, BOJ intervention threat mean the game has changed. May 3, 2024 By : David Scutt, Market Analyst USD/JPY upside may be difficult from here The threat of BOJ intervention cannot be ignored US bond yields look at or near their peak for the current cycle Non-farm...

Another BOJ intervention may have just stole the show from the Fed. May 2, 2024 It was the Japanese yen which stole the show after Jerome Powell’s press conference, with USD/JPY falling over 450 pips on another suspected BOJ intervention. By : Matt Simpson, Market Analyst The US dollar was...

US dollar ‘bull’ dog unleashed, AUD/USD crushed on eve of Fed: Asian Open May 1, 2024 By : Matt Simpson, Market Analyst A surprise raise in US wage pressures weighed on sentiment on the eve of the Fed meeting, sending the US dollar broadly higher and Wall Street lower. Labour costs rose 1.2%...

Shellshocked USD/JPY holds ground, 6-day rally on AUD/USD: Asian Open April 30, 2024 Despite the MOF's best attempts, USD/JPY is holding above 155 - a level traders are clearly watching. AUD/USD shows the potential to extend gains into 66c, but having risen for 6 days already then perhaps the...

AUD/USD weekly outlook: AUD squares up to US dollar strength AUD/USD notched up a 5-day rally against the US dollar despite the hotter PCE inflation report for the US on Friday. Yet resistance levels nearby suggest it may be due a pullback. By : Matt Simpson, Market Analyst As mentioned...