AUDUSD=X - AUD/USD
| Previous close | 0.676 |
| Open | 0.676 |
| Bid | 0.675 |
| Day's range | 0.674 - 0.677 |
| 52-week range | 0.6672 - 0.7295 |
| Ask | 0.675 |
- FX Empire
GBP/USD – Pound Dips Lower as 1.30 Under Pressure
The British pound has been inching lower, as the currency struggles to remain above the key 1.30 level.
- FX Empire
Coronavirus Worries Still On The Rise
With coronavirus worries on the rise, the market continues to struggle with the unenviable task of factoring in absolute terms its implied economic devastation. Given that China has rapidly increased its role in the global supply chains, the market continues to price in the worst case, negative growth shock scenarios.
- FX Empire
Economic Data Puts the Greenback in Focus, while Coronavirus Jitters Linger
It could be another choppy day ahead for the majors. While economic data out of the U.S will influence, the majors will be in the hands of the news wires.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Weakening Yuan Dragging Aussie, Kiwi Lower
What happens in China with regards to the coronavirus will determine the direction of the Aussie and Kiwi.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Gapped Lower To Kick Off The Week
The Australian dollar has gotten absolutely hammered during the open on Monday, breaking down below the 0.68 level. That being said, the market is still sitting above several minor support level that could come into play. Beyond that, we are at historically cheap levels.
- FX Empire
AUD/USD Forex Technical Analysis – January 27, 2020 Forecast
Based on the early price action, downside momentum is driving the trade. This should lead to a test of an uptrending Gann angle at .6772.
- FX Empire
GBP/USD – Pound Steady, Investors Eye Housing Reports
The British pound is steady at the start of the week. The Australian and New Zealand dollars are trading at multi-week lows, as the China coronavirus has raised investor risk apprehension.
- FX Empire
Next Major Move in Financial Markets Will Be Dictated by WHO Decision
WHO decision should trigger a volatile response in financial markets and is likely to determine the direction of global stock markets over the near-term.
- FX Empire
Riskier Assets Sink as the Coronavirus Goes Global
It’s ‘risk-off’ early this morning as the markets in Asia respond to the spread of the coronavirus. The WHO could add further pressure…
- FX Empire
AUD/USD and NZD/USD Fundamental Weekly Forecast – Impact of Coronavirus May Force Central Banks to Cut Rates
Traders are going to continue to debate whether the RBA and RBNZ should cut rates in February, but last week’s economic data has cooled thoughts of automatic cuts.
- FX Empire
The Week Ahead – Brexit, Earnings, Monetary Policy and Stats Are in Focus
It’s a big week ahead. Britain leaves the EU, Trump’s defense team is in action, corporate earnings are in focus, and the FED and the BoE are in action.
- FX Empire
AUD/USD Forex Technical Analysis – Pair of Main Bottoms at .6800 and .6754 Next Downside Targets
The main range is .7082 to .6671. It retracement zone at .6877 to .6925 is controlling the near-term direction of the AUD/USD. This zone is now resistance.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Continues To Chop
The Australian dollar went back and forth during the trading session on Friday, as we continue to dance around the previous downtrend line. This sets up an interesting trade opportunity though, as we have a couple of clear levels.
- FX Empire
AUD/USD Weekly Price Forecast – Australian Dollar Falls
The Australian dollar initially tried to rally during the week, but then reached towards the previous downtrend line. Ultimately, the market is approaching the 0.68 level is a sign of challenging support.
- FX Empire
AUD/USD and NZD/USD Fundamental Daily Forecast – Chinese Virus Fears Capping Gains
Today’s price action suggests Aussie and Kiwi investors may be afraid to take a chance holding on to long positions over the week-end due to the fear and uncertainty over the Chinese virus.
- FX Empire
GBP/USD – Pound in Holding Pattern Ahead of PMIs reports
The pound has enjoyed a good week, with gains of close to one percent. There are two more hurdles for the currency before the weekend, with the release of manufacturing and services PMIs (release time – 9:30 GMT).
- FX Empire
Trains, Planes, And Automobiles
The travel, autos, and resources sectors have all been hit hard vs. staples, and healthcare was outperforming amid concern over coronavirus. The dollar is strong, CNY is weak, and bonds are bid.
- FX Empire
The Weekly Wrap Up, the Loonie and Brexit
It was a busy start to the week ahead of a particularly busy end to the week. Expect plenty of moves as the markets digest a heavy economic calendar.
- FX Empire
Private Sector PMIs and Retail Sales Figures Put the EUR, GBP, USD and Loonie in Focus
It’s a busy day ahead, with private sector PMIs for January to set the tone. Expect retail sales figures from Canada to also drive the Loonie.
- FX Empire
AUD/USD Price Forecast – Australian Dollar Rallies After Surprise Employment Figure
The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated.
- 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.
