Tag Archives: markets

Australian Dollar May Fall Further as Fed, RBA Divergence Deepens

DailyFX.com –

Australian Dollar May Fall Further as Fed, RBA Divergence DeepensAustralian Dollar May Fall Further as Fed, RBA Divergence Deepens

Fundamental Forecast for the Australian Dollar: Bearish

  • Aussie Dollar at Risk as Jobs Data Amplifies RBA Rate Cut Probabilities
  • China Data Unlikely to Offset Pressure from Fed Rate Hike Speculation
  • Find Critical Turning Points for the Australian Dollar with DailyFX SSI

The Australian Dollar continued to sink, registering a fourth consecutive week of losses and hitting a monthly low against its US counterpart. External factors conspired against the currency even as the RBA shied away from an interest rate cut and signalled it is not in a rush to ease in the near term. Upbeat US jobs data inspired the bulk of the losses, with a swell in December Fed rate hike expectations amplifying policy divergence headwinds and sinking the Aussie as expected. read more

Traders Believe USD/JPY Could Rally Further – What Could Change?

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Traders Believe USD/JPY Could Rally Further – What Could Change?Traders Believe USD/JPY Could Rally Further – What Could Change?

Fundamental Forecast for Yen:Bearish

The Japanese Yen finally showed signs it might break its long-standing trading range as it fell to multi-month lows versus the resurgent US Dollar. But will the post-NFPs USD rally be enough to take the USD/JPY to fresh decade-plus peaks? read more

US Dollar to Tap Fed Speakers, NFPs For Another Run at 12 Year High

DailyFX.com –

US Dollar to Tap Fed Speakers, NFPs For Another Run at 12 Year HighUS Dollar to Tap Fed Speakers, NFPs For Another Run at 12 Year High

Fundamental Forecast for Dollar:Neutral

  • Following a clear ambiguity over a December Fed hike, a range of central bankers are set to speak – including Janet Yellen
  • October NFPs will represent top event risk, but payrolls and unemployment aren’t as important as the wage component
  • Find help with your trades and trading strategy from DailyFX analysts with DailyFX on Demand

The Dollar was once again offered the opportunity to make a run on 2015’s highs and move on to levels not seen since 2003. And once more it would fall short of the task. Thefundamental winds to the currency’s back are strong, but they are also well-encorporated. The relative fundamental appeal of the Greenback has carried EURUSD to 1.05, USDJPY to 126 and USDCNH to 6.60. An extension of this already-impressive run would require a serious escalation in conviction. But, what short of a realized Fed hike or financial plunge forcing investors to scramble for safety could measure up to the technical implications of a breakaway climb into 12-year highs? There is plenty on tap this week which will give it a go, but questions of scale will constantly plague bulls’ confidence. read more

Australian Dollar Under Fire as RBA Meeting, US Jobs Data Loom

DailyFX.com –

Australian Dollar Under Fire as RBA Meeting, US Jobs Data LoomAustralian Dollar Under Fire as RBA Meeting, US Jobs Data Loom

Fundamental Forecast for the Australian Dollar: Neutral

  • Aussie Dollar Volatility Risk Skewed to the Upside on RBA Rate Decision
  • US Jobs Data May Sink Aussie if Upbeat Reading Boosts Fed Liftoff Bets
  • Find Critical Turning Points for the Australian Dollar with DailyFX SSI

The Australian Dollar edged lower for a third consecutive week against its US counterpart as a disappointing third-quarter CPI reading revived interest rate cut speculation while a hawkish FOMC statement amplified policy divergence headwinds by reviving talk of Fed tightening in December. Both themes will be on full display in the week ahead as the RBA issues its rate decision and top-tier US economic data comes across the wires. read more

Bank of Japan Keeps the Japanese Yen in Tight Range – What Now?

DailyFX.com –

Bank of Japan Keeps the Japanese Yen in Tight Range – What Now?Bank of Japan Keeps the Japanese Yen in Tight Range – What Now?

Fundamental Forecast for Yen:Bearish

A notable disappointment from the Bank of Japan meant the Japanese Yen and the USD/JPY exchange rate finished the week almost exactly where they began. What happened, and what could finally force a break? read more

US Dollar Remains in Control, but Can it Really Hold its Gains?

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US Dollar Remains in Control, but Can it Really Hold its Gains?US Dollar Remains in Control, but Can it Really Hold its Gains?

Fundamental Forecast for Dollar:Bullish

The US Dollar rallied to fresh multi-month highs versus the Euro and other major counterparts as investors bought into the previous week’s breakout. Yet a mediocre week for US economic developments kept the Greenback well-contained, and indecision reigns supreme in the Euro/US Dollar exchange rate in particular. What could realistically get the US Dollar back on track? read more