AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates.
Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest.
Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties.
The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
Audusdanalysis
High Stakes: RBA rate decision vs. Melbourne Cup We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision.
That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place.
But perhaps the more exciting match ups will be occurring in the forex market.
Currently, the market is thinking there is a 70% chance of a 25-basis points hike because of the RBA governor's rhetoric that the bank would "not hesitate to raise the cash rate further" if inflation was higher than expected (which it was in its last quarterly reading). The 30% chance of no hike is possibly driven by concerns about mortgage stress in the country after the post-COVID 12 cash rate increases.
On the flip side of some potential AUD trades, we have expectations for the US Fed and the European Central Bank (ECB) enacting a 25-basis points cut by June next year.
Weaker-than-expected NFP figures in the U.S. last Friday bolstered expectations that the Fed was done with its tightening campaign and pulled the AUD/USD up past 0.64900 from 0.64400. This makes me question whether the upside to the AUD/USD is all played out. Moments after the interest rate announcement will be crucial to see which direction the market wants to take.
If the RBA does enact a hike today, concerns about mortgage stress in Australia might induce the pair to revisit some of the levels the pair traversed last Friday during its climb just before market close.
AUDUSD I Short pullback and more growthWelcome back! Let me know your thoughts in the comments!
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AUDUSD LONG Term Buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD/USD +550 Pips 0 Drawdown , New Entry Valid For Next Week !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDUSD Symmetrical Triangle BreakoutWe expect further upside on this pair, signalled by the symmetrical triangle channel pattern breakout. We can also see the formation of a new high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
AUDUSD: US dollar falls again as peak interest rates are predictOn Thursday, the US dollar saw a correction, with risk-averse Asian currencies leading the gains. Following the Federal Reserve's decision to keep interest rates steady, investors are celebrating the anticipated peak in US interest rates. With interest rate forecasts still high, the focus is now on the Bank of England. Sterling increased 0.3% to $1.2180 and then steadied to 86.98 per euro.
Although Fed Chairman Jerome Powell promised not to overly tighten or loosen policy, he did leave opportunity for another rate hike, with the funds rate goal ceiling at a 22-year high of 5.5%. The markets took this to mean that a rate hike in December was no longer a possibility. Ten-year Treasury yields consequently
AUDUSD LONG Term Buying Trading IdeaHello Traders
In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET
today AUDUSD analysis 👆
🟢This Chart includes_ (AUDUSD market update)
🟢What is The Next Opportunity on AUDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDUSD: AUDUSD is supported by bond yield differentialsThe Australian dollar is up 0.70 percent for the day and is reaching session highs. At 0.6432, the pair is getting close to its highest level since October 11 at 0.6445.
Bond yield differentials and variations in Fed and RBA policy choices strengthen the AUD:
Interest rates between 5.25% to 5.50% will remain unchanged, according to the Fed. On November 7, it is anticipated that the RBA will raise interest rates by 25 basis points to 4.35%.
The yield on Australian government bonds maturing in 10 years dropped by 3 basis points to 4,797%. However, it is important to remember that since September 1, the yield has risen by 83 basis points, from 3,963% to 4,797%. In the meantime, the yield on Treasury bonds went up to 4.71% from 4.06%. Considering the variations in
AUDUSD: The Federal Reserve meeting this week influences AUDUSD Even after the Federal Reserve raised interest rates for a considerable amount of time, the US dollar has recently appreciated due to indications of the country's robust economy.
September saw a sharp increase in US consumer spending, and the third quarter saw the greatest growth of the US economy in almost two years.
When the Fed announces its decision on Wednesday, policymakers are expected to maintain current interest rates. The Fed will meet this week.
But as markets continue to fret about rising inflation, they are worried that these good data suggest higher interest rates will be around for a longer time.
AUDUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of the AUDUSD, with a particular focus on the prevailing bearish sentiment detected in higher timeframes. Notably, the AUDUSD has reached a critical support level. Throughout this presentation, we explore essential aspects of technical analysis, encompassing elements such as the current trend, dynamics of price action, market structure, and various other fundamental components of technical analysis. As we progress further in the video, we closely scrutinize a potential trading opportunity.
It is essential to underscore that the information provided here is solely intended for educational purposes and should not be misconstrued as financial advice. Participating in currency market trading involves a substantial degree of risk. Hence, it is imperative to judiciously incorporate risk management strategies into your trading plan.
AUD/USD Sell Idea 30/10/23Trade Details
Sell @CMP
Entry: 0.63625
Take Profit 1: 0.63300
Take Profit 2: 0.63127
Take Profit 3: 0.62701
Stop Loss: 0.63700
Key Notes
Order flow: Bearish
Trend: Bearish
Structure: Change
Entry at order block (Supply)
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
AUDUSD: Retracing Friday's declineThe majority of Asian currencies saw minimal movement on Friday as markets declined ahead of several significant central bank meetings that take place the following week. The Japanese yen, on the other hand, modestly increased on robust inflation data but stayed unchanged. close to a yearly low.
Despite holding onto the majority of this week's gains, the dollar index and dollar index futures saw minimal movement during Asian trading. After somewhat declining in overnight trading, Treasury rates likewise steadied and stayed within a range of multi-year highs. The US economy expanded faster than anticipated in the third quarter, according to data released overnight, which helped to elevate investor mood.
AUDUSD... look for the SELL setup now!Part 1 of the buy2sell setup is complete. +50 pips
Now, we look for the sell setup. Target will be the low.
There are two FVGs to look for a valid setup.
I'm looking for the sweep of a high, a bearish displacement that breaks market structure and leaves a FVG, then a pullback to that FVG for the entry.
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AUDUSD: More economic data steady dollar, focus on Fed meeting
The dollar index and dollar index futures edged lower in Asian trading but remained firm overnight after data showed U.S. business activity unexpectedly increased in November. Ten.
The statistics suggest continued resilience in the U.S. economy and give the Federal Reserve room to raise rates further. Federal Reserve Chairman Jerome Powell is expected to speak at a news conference later in the day, after repeating last week that U.S. interest rates will remain high for a long time.
Third-quarter gross domestic product (GDP) data will be released on Thursday and is expected to provide further signals for the world's largest economy. A strong economy gives the Fed more leeway to keep interest rates high.