AUD/USD Rebounds As Sentiment Improves
Risk is at a better place today, allowing the pair to extend its recovery from Tuesday’s 2021 lows, caused by mr Powell’s hawkish testimony
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Risk is at a better place today, allowing the pair to extend its recovery from Tuesday’s 2021 lows, caused by mr Powell’s hawkish testimony
Past Performance: Past Performance is not an indicator of future results. The left chart shows the USDOLLAR daily timeframe. The candlesticks have pulled back but remain in the bullish area, between the upper blue and upper red bands. Yesterday, Fed Chair Powell testified in front of the Banking Senate Committee. The Fed has pivoted. Concerning the word "transitory" in describing inflation, Mr. Powell said that it's "probably a good time…
Fed Chair Powell offered hawkish remarks during yesterday’s Senate testimony and created volatility in the markets, with the pair being soft today
Weekly Timeframe The below shows the weekly timeframe of FXCM's USDOLLAR basket. We have applied a triple moving average system to assess its trend. The green shorter-term moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer red-term moving average. This is a bullish formation. The weekly stochastic is also above 80 (aqua arrow), which suggests underlying bullish momentum. Past Performance:…
A new wave of risk aversion was witnessed earlier, which sent more flows towards the Japanese Yen, as news around the Omicron variant continue to dictate market moves
The pair rises after its poor start to the week, as renewed Omicron jitters, lead markets to a repricing of their Fed tightening expectations
The pair plunged on Friday after news of a new concerning Covid-19 variant, which sparked a risk-off wave, but today it covers some of the losses
News of the new Covid-19 variant on Friday harmed the greenback, as they casted doubt over the Fed’s tightening path and allowed the pair to stage a solid recovery, but today it is on the back foot
Past Performance: Past Performance is not an indicator of future results. The left chart shows the USDOLLAR daily. Its price is in the bullish area, between the upper blue and upper red bands. The right side shows the H1 scale. The greenback has pulled back today. The reaction has been volatile, with the USDOLLAR retracing to the S3 pivot. The reaction is the market reprincing the ability of the Fed…
Risk-off mood dominates markets today, but the US Dollar fails to benefit, allowing the pair to push higher, reacting from Wednesday’s 2021 lows
Risk aversion was prevalent is the Asia-Pacific session, after WHO warned yesterday about a new COVID-19 variant, with the Japanese Yen emerging as the main beneficiary
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