1/19/2021 9:50:04 PM GMT | By Anil Panchal
AUD/USD fizzles latest recovery from 0.7686, struggles to repeat Tuesday’s gain.
US Treasury Secretary Nominee Janet Yellen fired double-barrel gun in her Senate Speech, investments and China surprised.
Virus woes fade at home and abroad but fears aren’t out of the woods.
Australia’s Westpac Consumer Confidence, PBOC rate decision to decorate calendar, Biden’s inauguration eyed closely.
AUD/USD flirts with the 0.7700 threshold, following the latest bounce off 0.7686, during the early Asian session trading on Wednesday. The risk barometer marked a corrective pullback to 0.7726 the previous day before easing to 0.7686 as the incoming US Treasury Secretary Yellen doesn’t offer all good signals during her Senate speech. The aussie also eases amid cautious sentiment ahead of US President-elect Joe Biden’s inaugural ceremony.
1/18/2021 9:51:29 PM GMT | By Joel Frank
AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as 0.7660.
The pair broke below an uptrend linking the 28 December 2020 high with the 4, 11 and 15 January lows.
It was a somewhat risk-off start to the week for FX markets, with risk-sensitive AUD underperforming.
AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as the 0.7660 mark before paring back to current levels in the 0.7680s, where it has spent the last few hours consolidating amid thin trade (US players have been away for MLK holidays). Ahead of the Monday FX close, the pair trades about 0.3% or just over 20 pips lower.
1/11/2021 4:49:01 AM GMT
Attention slowly shifting from US politics
What an extraordinary start to the year. While next week should be much quieter, it won’t be without action. US politics is unlikely to go quiet with talk continuing of possible impeachment proceedings against President Trump, Covid is wreaking havoc once again and earnings season gets underway on Friday.
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The US is supposed to be entering the peak of the holiday COVID surge, but it could get much worse now that more states have found the highly contagious UK virus variant. ICU space is tightening across many states and it seems only a matter of time before lockdown efforts are implemented.