logo |

資訊

    首頁   >     行業    >     GOLDWELL    >     正文

    GOLDWELL:Daily Market Recap – AUDUSD Rebounds but the trend remains bearish

    摘要:The economic climate in Australia is getting worse and worse, as the August PMI released on Monday proved.

    The economic climate in Australia is getting worse and worse, as the August PMI released on Monday proved. Not surprisingly since the lockdown in Sydney has been extended to the end of September.

    The Australian dollar remains under pressure as the restraint measures have the market concerned that the potential economic effects could cause the Reserve Bank of Australia (RBA) to delay its plan to reduce asset purchases. Although it did not do so at the last meeting in early August, this option was discussed by board members. Given the evolution of the pandemic, the discussion could intensify at the next meeting in early September.

    Labour market conditions improved somewhat, as shown in the labor market report for July last week. The unemployment rate fell much more sharply than expected to 4.6 percent. However, this was primarily due to a drop in the participation rate, a few new jobs were created. Moreover, the labor market report is only one piece of the RBA's puzzle, albeit an important one, when it comes to monetary policy.

    The RBA will be analyzed very carefully the Q2 GDP data due out shortly before the RBA's September meeting, even though the lockdown measures did not really take effect until the third quarter.

    The generally low-risk sentiment in the market is not exactly supportive of the AUD either while the price of iron ore has also been adding pressure on the Aussie. It has been under pressure for the past few weeks. The country's main export commodity has suffered a noticeable collapse in price, which is also due to China's announcement to cut steel production.

    The strong rebound of the Australian dollar earlier this week has allowed it to break out of its oversold territory. Prices could return to the former support turned resistance at 0.7316 or even beyond the last high at 0.7427 in the very near term.

    image.png

    (Chart Source: Tradingview 24.08.2021)

    However, despite this short-term recovery, the trend remains bearish below this last threshold. The Aussie is in fact moving below the 200-period moving average and the 20-period moving average. We will be watching for the formation of candlesticks approaching these levels which could restart the negative momentum.

    Disclaimer: This material has been created for information purposes only. All views expressed in this document are my own and do not necessarily represent the opinions of any entity.

    Hong Kong Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    當前匯率  :
    --
    請輸入金額
    Hong Kong Dollar
    可兌換金額
    -- United States Dollar
    風險提示

    外匯天眼資料均來自各國外匯監管機構的官方資料,如英國FCA、澳大利亞ASIC等,所公佈的內容亦均以公正、客觀和實事求是為宗旨,不向外匯交易平臺收取公關費、廣告費、排名費、資料清洗費等灰色費用。外匯天眼會盡最大努力保持我方資料與各監管機構等權威資料方資料的一致及同步性,但不承諾與其即時保持一致和同步。

    鑑於外匯行業的錯綜複雜,不排除有個別外匯交易商通過欺騙手段獲得監管機構的合法註冊。如WikiFX所公佈數據與實際情況有不符之處,請通過WikiFX“投訴”和“糾錯”功能,向我們提出,我們將及時進行核實查證,並公佈相關結果。

    外匯、貴金屬和差價合約(OTC場外交易)是槓桿產品,存在較高的風險,可能會導致虧損您的投資本金,請理性投資。

    特別提示,外匯天眼所列資訊僅供參考,不構成投資建議。外匯平臺由客戶自行選擇,平臺操作帶來的風險,與外匯天眼無關,客戶需自行承擔相關後果和責任。