AUD/USD struggles near 0.7800 handle, over 1-week lows

   •  Softer US bond yields providing some respite.    •  Weaker commodities fail to lend any support.  The AUD/USD pair managed to rebound around 20-pips from session lows but seemed struggling to gain any follow-through traction  The pair extende ...

AUD/USD finds no love as yield spread turns negative

AUD/USD remains depressed around 0.78. The 10Y AU-US yield spread has turned negative. The overnight sell-off in the AUD/USD seems to have stalled just below 0.78, however, buyers are in no mood to step in, given the 10-year AU-US yield spread has turned negative. As of writing, the yield o ...

AUD/USD still sinking following FOMC, breaks 0.78 handle in Asia session

AUD/USD extends drop on Dollar boost. FOMC, bond yields driving USD higher. AUD/USD is continuing to sink following Wednesday's drop, breaking past the 0.7800 barrier heading into the Tokyo open and currently testing 0.7790. The Aussie took a header on Wednesday following the FOMC Minute ...

AUD/USD to break below 0.7800?

AUD/USD turns around and threatens the 0.7800 bull's commitments again. AUD/USD bears will target the 200/100-D SMA convergence.  AUD/USD turned around into the close of the NY session when US yields and the DXY went bid in a reversal of the post-FOMC minutes offer. Currently, AUD/US ...

AUD/USD: bears taking control below key resistance, headed to 0.7800?

  AUD/USD downside looks constructive. Tracking stocks, rates and the DXY ahead of the FOMC minutes. AUD/USD picking up some offers here as we await the FOMC minutes and the DXY gains some traction, currently higher to +0.22% at 89.91 from a low of 89.70 in the day's range to 89.9 ...

AUD/USD keeps the red near one-week lows, around mid-0.7800s

   •  Weighed down by weaker Aussie construction data.    •  The ongoing USD rebound exerts additional pressure.    •  FOMC meeting minutes to provide fresh impetus. The AUD/USD pair trimmed some of its early steep losses and has manage ...

AUD/USD continues slide heading ahead of FOMC

Aussie slips on construction miss. USD lifting on bond yields ahead of FOMC. AUD/USD continues to fall in Asia trading, trading near 0.7855 ahead of the European markets. The Aussie started to slide early in Asia following a huge miss from Completed Construction Work, with the actual figure ...

RBA to hike gradually but likely to keep patience for now – TDS

Annette Beacher, Chief Asia-Pacific Macro Strategist at TDS, suggests that they are updating their RBA call in the wake of today's Dec qtr Wage Cost Index report and while wages growth did not disappoint, ticking higher to 2.1%/y, the sluggish pickup combined with lower-than-they-expecte ...

AUD/USD

AUD/USD retreats on construction miss. USD getting a push from bond yields. AUD/USD has dropped lower again following a pick up in early Tokyo trading, and the pair is currently back down below 0.7880. The Aussie slipped against the Greenback after a disappointment in the Construction Work Don ...

AUD/USD risk reversals continue to retrace bearish bias

Demand for AUD puts weakens despite a drop in the AUD/USD spot.  The AUD/USD pair left a lower high of 0.7989 on the daily chart on Feb. 16 and was last seen attempting a break below the ascending 50-day moving average level of 0.7871.  However, the decline from 0.7989 to 0.7871 ha ...

AUD/USD peeps above 0.79 on upbeat Aussie wage price index

AUD finds bids on better-than-expected Q4 wage growth data.  Horrible Q4 construction work figure could play a spoilsport.  AUD/USD hit a session high of 0.7902 after the Australian Bureau of Statistics reported a better-than-expected fourth quarter wage growth numbers.  Th ...

AUD/USD threatening the 20-hour SMA to the downside

AUD/USD about to break lower? AUD/USD has plenty of data today. AUD/USD is testing the 200-hr SMA on the downside after the first piece of data for the day, albeit without a move as traders sit tight ahead of Q4 wage price data. (Australia - Westpac Leading Index for January: -0.24% m/ ...

AUD/USD: Aussie lower on dovish RBA minutes, US Dollar strength

AUD is on the back foot on dovish RBA minutes. The focus is now on Wednesday’s Australian wage data. The AUD/USD is trading around 0.7890, in New York morning session, edging down by almost 0.2% on a broad recovery of the US dollar coupled with dovish minutes from the Reserve Bank o ...

AUD/USD below 0.7865 should target 0.7773 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair could test 0.7773 if 0.7865 is cleared. Key Quotes “AUD/USD is easing back following last weeks failure at the 61.8% retracement at 0.7991. A slide back below .7865 should be enough to alleviate immediate upsid ...