Page 7 - Term Technical News Today

Share: The RBA kept the cash rate on hold, extended its QE program. Australia will publish the Commonwealth Bank Services PMI for January, expected at 55.8. AUD/USD trades at its lowest for the year, could extend the slide in the near-term. The AUD/USD pair surged to 0.7661 early Asia, following the Reserve Bank of Australia’s decision to leave the cash rate on hold at 0.1%. However, the positive tone was short-lived as investors went deeper into the announcement. Australian policymakers have...

Share: The RBA is expected to maintain its monetary policy unchanged. Services output in Australia improved by more than expected in January. AUD/USD is technically poised to extend its decline, but RBA expected to be hawkish. The AUD/USD pair fell to an intraday low of 0.7605, but is finishing the day little changed in the 0.7630 area. The aussie fell at the opening as a hotel guard who sparked a 5-day lockdown in the Perth area was confirmed to have the UK coronavirus strain. Australia has be...

Share: The US ISM Manufacturing PMI contracted to 58.7 in January from 60.5 previously. Upwardly revised Markit Manufacturing PMIs in the EU failed to support the shared currency. EUR/USD is pressuring a critical Fibonacci support level, could extend its decline to 1.1970. The American dollar has rallied on Monday, pushing EUR/USD to a daily low of 1.2062. The pair trades nearby ahead of the Asian opening, as US stocks retreated from intraday highs, anyway holding in the green. Asian and Europe...

Share: The Australian dollar is trading alongside equities, ignoring local data. AUD/USD bounced from fresh monthly lows, but bulls unconvinced. The AUD/USD pair reverted an intraday slump to 0.7591, a fresh monthly low, to close the day with gains just below the 0.7700 threshold. The pair was pressured by the dismal market mood that ruled the Asian and European sessions, later changing course with Wall Street’s comeback. Data wise, Australia had little to offer this Thursday. The Import Pri...

Share: Australian data came in mixed, but inflation picked modestly up in Q4 2020. Risk aversion and plummeting equities pushed AUD/USD lower in the US session. AUD/USD is at risk of accelerating south on a break below 0.7640. The Australian dollar enjoyed some demand at the beginning of the day, rising against the greenback to 0.7763, following the release of mixed Australian data. The Q4 Consumer Price Index came in at 0.9%YoY, better than the 0.7% expected, while the RBA Trimmed Mean CPI for...

Share: The ECB expressed concerns about the exchange rate, will analyse the impact of policies’ imbalances. US Consumer Confidence improved modestly in January to 89.3. EUR/USD is neutral in the near-term, faces strong resistance in the 1.2180 region. A better market sent EUR/USD to a daily high of 1.2175. However, investors remain cautious ahead of first-tier events in the US to be released later in the week, and doubts about further US stimulus, as President Joe Biden’s plan faces opposit...

Share: An improved market’s mood put the greenback under selling pressure. Australian Q4 inflation is foreseen stable and well below RBA’s target. AUD/USD is back bullish in the near-term, could rally beyond 07815. The AUD/USD pair resumed its advance this Tuesday, reaching 0.7753 and trading nearby as the day comes to an end. The pair surged during European trading hours amid an improvement in the market’s mood, which played against the greenback. The pair retained gains despite the poor...

Share: Australian markets to be closed in observance of the Australia Day. A dismal market mood pushed the pair lower in the American session. AUD/USD is bearish in the near-term, additional declines expected. The AUD/USD pair fell to 0.7682, its lowest in a week during the American session, but managed to regain the 0.7700 level ahead of the daily close. The pair traded alongside sentiment, falling early in the US session as US indexes plummeted on speculation further coronavirus relief would ...

Share: US President Biden’s stimulus plan at doubt, hurting the market’s mood. German IFO survey missed expectations in January amid extended lockdowns. EUR/USD is at risk of accelerating its decline once below the 1.2100 level. The EUR/USD pair fell to 1.2115, as a change in the market’s sentiment fueled demand for the greenback. Investors´ mood suffered a setback after the release of poor German data, later exacerbated by discouraging headlines related to US stimulus. The German IFO s...

EUR/USD Current Price: 1.2105 Joe Biden has become the 46th US President, Wall Street hits record highs. The focus shifts to the European Central Bank ...