AUDUSD: USD reached its highest level in 8 weeksThe US Dollar Index rose to 104.18, its highest level since December 2023.
The US jobs report released on Friday (February 2) far exceeded market expectations. This information reinforced Fed Chairman Jerome Powell's statement at the end of the agency's policy meeting last week that an interest rate cut in March 2024 was unlikely.
Expert Chris Weston, head of research at Pepperstone, said that the optimistic US jobs report basically showed that an interest rate cut in March 2024 is very fragile.
According to CME's FedWatch tool, traders are assessing just a 20% chance that the Fed could begin easing interest rates in March 2024, compared with nearly 50% a week ago. The possibility of cutting interest rates in May 2024 is also possible.
Currency expert Carol Kong at Commonwealth Bank of Australia (CBA) said that the USD is likely to stabilize at its recent increase.
US Treasury bond yields also skyrocketed due to expectations that interest rates will increase in the long term. Benchmark 10-year yield increased 5 basis points to 4.0829%
Audusdbuy
AUDUSD: AUD/USD eased slightly, while the Australian stock markeImmediately after better-than-expected inflation data, the Australian dollar fell again. In addition, weakening inflation has also provided the market with more information about the RBA's interest rates in the coming time when the Reserve Bank of Australia has had many difficulties in controlling inflation and has only stopped raising interest rates. interest rate in November. Currently, the market is expecting that the RBA will have a 50 bps interest rate cut in 2024.
AUDUSD: Fed and BoE interest rate decisions, economic data and UEconomic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data.
In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter business results. On Tuesday, Alphabet (GOOG) and the world's largest company Microsoft (MSFT) will release financial reports, while on Thursday, Amazon (AMZN), Apple (APPL) and Meta Platform (META) will release financial reports. Announce earnings after the market closes.
The US stock market continues to set new records as investors remain determined to take risks. The upcoming earnings announcement of the "Magnificent 7" will weigh on the indexes due to the large proportion of these businesses and put the market at risk. Last week Tesla (TSLA) disappointed the market and fell about 12% following their earnings release.
AUDUSD M30 / SHORT TRADE OPPORTUNITY 📉Hello Traders!
This is my idea related to AUDUSD M30. I expect a bearish move after the retracement from the Resistance level, the exact level where we have also fibo 50%.
My target is below the BOSS.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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www.tradingview.com
#AUDUSD: 800+ PIPS BUYING SETUP: Dear Traders,
We are expecting a long bullish buying setup very soon as price indicating a further downtrend to be continued due to strong usd presence in the market. We will have to closely monitor the market and enter accordingly to the price action.
here is the best area where you can enter:
POSSIBLE BUYING ZONE AT 0.62733
STOP LOSS AT: 0.61611
TAKE PROFIT AT: 0.7200
AUDUSD:05/10/2023 UPDATE!!Dear Traders,
Hope everyone doing excellent this week, we have an excellent opportunity of buying AUDUSD. Please keep in the mind that, price will ultimately depends on NFP data that will be out tomorrow afternoon. DXY is extremely bullish and that is why we have two area where we can exit the trade.
AUDUSD: The foreign exchange market is quiet, the USD is stable Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used as an indicator of overall Asian markets' risk appetite, is also trading near seven-week lows. The US dollar has stabilized near six-week highs as the economy continues to grow. Data, Fed meeting underway
The dollar index and dollar index futures each fell 0.1% in Asian trade, after rising earlier to their highest since early December. The dollar got off to a strong start to 2024, with solid inflation and jobs data showing traders' expectations that a Fed rate cut was imminent have largely dissipated.
That perception was further exacerbated by a series of hawkish comments from Fed officials last week.
The focus now shifts to fourth-quarter gross domestic product (GDP) data scheduled for release on Thursday and data on the PCE price index, the Fed's preferred inflation measure, scheduled for release on Friday. Signs of a recovery in economic growth and inflation would give the Fed more incentive to keep interest rates high for longer periods of time.
The reading also came days before the Fed's first meeting in 2024, when the Fed is widely expected to keep interest rates at a 23-year high. However, the Fed is still expected to start cutting rates before the end of the year, and traders will be watching for any such signals from the meeting.
#1 AUDUSD Weekly Analysis 21.01.2024+
1.) weekly candle reject weekly level
2.) holding strong daily/weekly level
3.) daily momentum candle
4.) 4hour bullish orderflow
-could be a pullback trade because we see momentum to the downsite, but still holding strong support zone-
waiting for a small pullback then long
AUDUSD H1 / BULLISH CHANNEL GOING AFTER FVG / LONG ENTRY ✅💲Hello Traders!
This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical.
Broker - Pepperstone
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
#AUDUSDIn time H4, it is moving in an ascending channel, which can move again to the supply area at the bottom of the channel in a corner pattern after exiting the density and pullback to the area. In time h2, there is an upward movement, but in the higher time h4, it is still not confirmed. So wait for this failure to occur and enter the buy transaction in pullback.
AUDUSD : Long Trade , 4hHello traders, we want to check the AUDUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level. We expect this level to play the role of a support level and maintain the upward trend of the price and the price will grow up to the specified resistance level. Good luck.
AUDUSD SELLHello, According to my analysis of AUD/USD, the market has reached a very important stage. It has reached the strong resistance level at 0.69000. The price has bounced off it several times. We note that the pair reached the top of the ascending channel and was unable to penetrate it upwards. This puts pressure from the bears to fall further. Good luck everyone.
AUDUSD is expected to increase strongly after breaking the downtThis transaction is long-term, guys
AUDUSD: AUD's growth rate is relatively slow, but relatively sustainable. The current Australian dollar trading scenario is relatively positive and clear. Ace may consider keeping its buying strategy in AUDUSD. The pair has broken the downtrend, so this uptrend can move up to the 0.6900 area.
AUDUSD: 21/11/2023 UPDATEDear Traders,
AUDUSD has broke down the bearish trend and currently making higher highs indicating further buying control in coming days, therefore here we have got a third entry for buying AUDUSD, if you have missed first two. Enter with accurate risk management and do your own research while considering taking any buying position with AUDUSD.