Saturday, February 4, 2023
  • Login
The Wealth Race
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
No Result
View All Result
  • HOME
  • BUSINESS & FINANCE
  • STOCKS
  • PERSONAL FINANCE
  • MARKET RESEARCH
  • INVESTMENT
  • CRYPTO
    • ALTCOINS
  • BLOCKCHAIN
  • COMMODITIES
  • MORE
    • TECH
    • FINTECH
    • FOREX
    • STARTUPS
    • REAL ESTATE
  • HOME
  • BUSINESS & FINANCE
  • STOCKS
  • PERSONAL FINANCE
  • MARKET RESEARCH
  • INVESTMENT
  • CRYPTO
    • ALTCOINS
  • BLOCKCHAIN
  • COMMODITIES
  • MORE
    • TECH
    • FINTECH
    • FOREX
    • STARTUPS
    • REAL ESTATE
No Result
View All Result
The Wealth Race
No Result
View All Result
Home Forex

AUD/USD Rises Post-FOMC as Australian Trade Data Approaches

by TheWealthRace
November 3, 2021
in Forex
0
Share on FacebookShare on TwitterShare on Email


Australian Greenback, AUD/USD, AU Commerce Steadiness, Oil costs – Speaking Factors

  • Australian commerce information in focus for right this moment’s Asia-Pacific session
  • Oil costs are shifting decrease after EIA exhibits large stock construct
  • AUD/USD goals larger as value grapples with the 20-day SMA

Thursday’s Asia-Pacific Forecast

The Australian Greenback is in focus for right this moment’s Asia-Pacific buying and selling session, with Australia set to report commerce information for September. Analysts anticipate the determine to cross the wires at A$12.2 billion at 00:30 GMT. That will be down from the A$15.07 billion in August when an power crunch attributable to surging pure fuel costs in Europe and Asia helped drive coal exports. These costs remained elevated in September, which leaves the info print open to a attainable outsized beat or miss.

Merchants ditched the US Greenback in a single day regardless of the Federal Reserve saying stability sheet development tapering. The Fed stated it might start to roll again asset purchases later this month on the month-to-month tempo of $15 billion, which consists of $10 billion in Treasuries and $5 billion in mortgage-backed securities (MBS). The US Greenback DXY index moved decrease regardless of a modest transfer larger in 2- and 5-year Treasury yields.

At the moment will convey overseas bond funding information out of Japan for the week ending October 30. Last Japanese PMI readings for October will cross the wires later within the day. Nonetheless, APAC merchants will work on digesting the Federal Reserve determination. Nonetheless, a modest risk-on transfer seems to be kicking off right this moment’s session, which is more likely to proceed exterior of any unseen occasion dangers.

Elsewhere, oil costs are on the transfer decrease after an in a single day drop. Crude and Brent oil benchmarks accelerated to the draw back after US authorities information confirmed a larger-than-expected stock construct. The weekly Vitality Data Administration (EIA) report for the week ending October 29 confirmed a 3.29 million barrel construct. That was nicely above the two.22 million barrel enhance analysts anticipated.

AUD/USD Technical Forecast

AUD/USD pivoted larger in a single day after costs examined the 38.2% Fibonacci retracement stage from the September/October transfer. Costs are at present grappling with the rising 20-day Easy Transferring Common (SMA), with the 23.6% Fibonacci straight overhead. MACD weak point is moderating alongside a rising RSI studying, which suggests upside momentum could also be strengthening. A break above the 20-day SMA and 23.6% Fib could open the door for a check of the October swing excessive at 0.7556.

AUD/USD 8-Hour Chart

audusd chart

Chart created with TradingView

— Written by Thomas Westwater, Analyst for DailyFX.com

To contact Thomas, use the feedback part under or @FxWestwateron Twitter





Source link

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
ShareTweetSend

Related Posts

Forex

The GBPJPY is the biggest mover today. What does the technical say?

November 4, 2021
Forex

Preview of Duke Energy’s Financial Report

November 4, 2021
Forex

is today price reach $1756/1721 or $1808/1818?

November 3, 2021
Forex

☑️USDCHF: ahead of the interest rate decision – Trading Ideas – 3 November 2021

November 3, 2021
Forex

Dollar edges higher as Fed meets to set monetary policy By Reuters

November 2, 2021
Forex

Super Signals Channel V2 MT5 Indicator

November 2, 2021
Load More
Next Post

What to Buy (and Skip) on Black Friday 2021

Kellogg Union Says It Can’t Recommend Latest Contract Offer : stocks

Recommended

Get Married for Less by Eloping

May 16, 2021

Teladoc Health Reports Third-Quarter 2021 Results : stocks

October 27, 2021

The New Dynamics of Online Sample Quality

March 30, 2021

Top Tips To Keep Your Innovation Practice Alive While Everyone Is Working From Home

March 28, 2021

Toddler and Boy’s Pullovers and Jackets just $2.24 at Kohl’s!

April 29, 2021

LinkedIn Has Not Given Up On The China Market

October 16, 2021

Jeff Bezos will fly on the first passenger spaceflight of Blue Origin in July

June 7, 2021

Uber Q1 2021 Earnings

May 6, 2021

No hallucination: Psychedelics could be next cannabis-like boom

May 4, 2021

$600 Million DeFi Hack – Daily Fintech

August 17, 2021
Load More
The Wealth Race

Get the latest news and follow the coverage of Stock Market Updates, Analysis, Business & Financial News, and more from the USA's top trusted sources.

Categories

  • Altcoins
  • Blockchain
  • Business and Finance News
  • Commodities
  • Crypto
  • Fintech
  • Forex
  • Investments
  • Market Research
  • NFTs
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Tech
  • Uncategorized

Recent Posts

  • The GBPJPY is the biggest mover today. What does the technical say?
  • FCC approves Boeing’s request to deploy satellites for broadband Internet service
  • Cathie Wood’s Ark Dumps 3.9 Million Zillow Shares
  • NFTs and play-to-earn are future of gaming industry, says EA boss
  • Home
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 The Wealth Race.
The Wealth Race is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BUSINESS & FINANCE
  • STOCKS
  • PERSONAL FINANCE
  • MARKET RESEARCH
  • INVESTMENT
  • CRYPTO
    • ALTCOINS
  • BLOCKCHAIN
  • COMMODITIES
  • MORE
    • TECH
    • FINTECH
    • FOREX
    • STARTUPS
    • REAL ESTATE

Copyright © 2021 The Wealth Race.
The Wealth Race is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: