|Day's Range||0.768 - 0.771|
|52 Week Range||0.7330 - 0.8136|
Investing.com – The dollar remained steady ahead of Federal Reserve new head Jerome Powell’s news conference on Wednesday, from which investors expect a rate hike this month and will find cues whether there will be three or four rate hikes this year.
Based on Tuesday’s close at .7682 and yesterday’s price action, the direction of the AUD/USD today is likely to be determined by trader reaction to the previous bottom at .7712.
Investing.com - The U.S. dollar moved higher against other major currencies on Tuesday, as investors awaited the Federal Reserve's monthly policy meeting due to begin later in the day.
While 1.2350-55 confined the EURUSD’s latest recovery, the 1.2290 seems coming back on the chart but an upward slanting trend-line, at 1.2265 now, may restrict the pair’s following downside. Should the quote drops beneath the 1.2265, the 1.2230 and the 1.2210-05 horizontal-line can become sellers’ favorite ahead of reigniting the importance of 1.2155 support-mark. In case if the Fed disappoints USD Bulls, the 1.2355 may offer immediate resistance to the pair before propelling it to the 1.2380 trend-line barrier, which if broken could further escalate the up-moves to 1.2410 and then to the 1. ...
The pair shot higher slamming the 1.2325 level during the Monday’s session, the area which has been a bit noisy and supportive in the past. Because of this, it will experience difficulty in crossing above and once it clears above then it should move higher reaching the 1.24 and 1.25 level eventually. The market has also some downside risk if the Fed sounds out to be more hawkish in respect to the rate hike in its next meet. …Read MoreGBP/USD
Investing.com - The dollar remained soft despite expectation of the first rate hike this year ahead of the meeting of the Federal Open Markets Committee (FOMC) on Tuesday and Wednesday. Investors expect a hawkish Federal Reserve to send the greenback up.
Early Tuesday, the Reserve Bank of Australia (RBA) released the minutes of its March monetary policy meeting. They offered very little new information for traders.
The Australian dollar was very quiet during trading on Monday as traders came back from the weekend. There seems to be a lot of “risk off” trading going on right now, as there are a lot of concerns about global trade wars and the like.
The RBA will release the minutes from its March 6 monetary policy meeting at 0030 GMT. At the meeting, the central bank maintained its benchmark cash rate at the record low 1.50 percent.
The U.S. dollar was lower against a basket of other currencies on Monday as news of progress on Brexit caused sterling to surge. “Decisive steps” have been made between the United Kingdom and the European Union on the agreements of the Brexit transition deal, officials said on Monday. The draft withdrawal bill was jointly published by the UK and EU and showed that complete agreement had been reached on Phase 1 points negotiated in December in regards to financial settlement and citizens’ rights.
Investing.com - The U.S. dollar held steady against other major currencies on Monday, as investors turned their attention to this week's Federal Reserve policy meeting.
There are no major reports today but traders should be on their toes for any news about possible tariffs against China, retaliation in response to President Trump’s recent tariffs on steel and aluminum and more shake-ups in the White House.
The pair broke down significantly during the Friday’s session reacting to the stronger than expected Industrial Production figures from US reported month over month. If the pair succeeds to break above the 107.50 level, then it will change the course of this market and will go towards the 110 level next.
Investing.com – The dollar dropped below the 90 mark as the Asia market opened on Monday morning. Boosted by risk aversion, the anti-risk Japanese yen performed the best last week and continued to remain strong as the Asia market opened on Monday.
The major market driving events this week will be the Federal Open Market Committee’s (FOMC) Economic Projections, FOMC Statement, Federal Funds Rate decision and FOMC Press Conference.
The Dollar/Yen was pressured last week by political uncertainty in U.S. President Donald Trump’s cabinet and renewed worries about trade wars.
The Australian dollar initially rallied during the week, but as you can see on the chart the 0.79 level has caused a bit too much in the way of resistance to continue going higher. In fact, we rolled over very significantly and went careening into the 0.7750 level below.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending March 13 on Friday.
Investing.com - The U.S. dollar remained broadly lower against other major currencies on Friday, after the release of downbeat U.S. housing sector data and as U.S. political turmoil continued to weigh.
Investing.com - The U.S. dollar continued to fall against other major currencies on Friday, pulling further away from a one-week high as news of additional personnel changes at the White House sparked fresh concerns over U.S. political turmoil.
Investing.com - The U.S. dollar slipped lower against other major currencies on Friday, pulling away from a one-week high following news of potential personnel changes at the White House, sparking fresh concerns over U.S. political turmoil.
The pair drifted a little lower during the Thursday’s session reaching the 1.23 level which is a strong support level. If the pair breaks below further from here, then it will reach further lower towards the 100 level.
Based on the current price at .7797, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at .7790.
Investing.com - The dollar slipped in Asia on Friday amid the latest round of staff cycling in U.S. president Trump's White House, after Trump sacked H.R. McMaster as his national security adviser on Thursday. The Japanese yen spiked against the dollar on rising risk aversion despite ongoing political scandal in Japan.
Investing.com - The U.S. dollar held steady near recent lows against other major currencies on Thursday, as U.S. political turmoil and concerns over a potential global trade war continued to weigh.