EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

AUD/USD Struggles to Gain Traction

Admin by Admin
June 30, 2022
in Forex News
0
AUD USD pair
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Event Event

The AUD/USD pair struggled to capitalize on its modest intraday bounce from the vicinity of the monthly low. The pair remained below the 0.6900 mark heading into the North American session.

Concerns that a more aggressive move by major central banks would pose challenges to global economic growth continued weighing on investor’ sentiment. This was evident from a generally weaker tone around the equity markets, which provided a fresh lift to the safe-haven USD and acted as a headwind for the risk-sensitive aussie.

The USD shot closer to a two-decade high and was also underpinned by Fed Chair Jerome Powell’s overnight hawkish remarks, reaffirming a faster policy tightening path. Speaking at the ECB’s annual forum, Powell said that the Fed remains focused on getting inflation under control and the market pricing is pretty close to the dot plot.

Read Also– USD/CHF Dives to Its Lowest Level for Months

Hence, the market focus will remain glued to the release of the Fed’s preferred inflation gauge, the Core PCE Price Index. The data would influence the USD price dynamics and provide a fresh impetus to the AUD/USD pair. In the meantime, the USD bulls seemed rather unaffected by the ongoing decline in the US Treasury bond yields.

The fundamental backdrop supports prospects for an extension of the recent depreciating move for the AUD/USD pair, though bearish traders might wait for sustained weakness below the 0.6850 area. Spot prices might then aim to challenge the YTD low, around the 0.6830-0.6825 region touched in May, before eventually dropping to the 0.6800 mark.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Forex
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Russian Central Bank Executive Gives One Condition to Allow Crypto Mining

Next Post

Blockchain Firm Reveals Suspected Harmony Hackers

Admin

Admin

Next Post
Harmony hack

Blockchain Firm Reveals Suspected Harmony Hackers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Refocuses Efforts For Belgian Clients

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Chainalysis Lays Off 15% Of Staff To Curb Expenses

Chainalysis Lays Off 15% Of Staff To Curb Expenses

October 4, 2023
CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

October 3, 2023
Bitcoin Fails To Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?

Bitcoin Fails To Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?

October 3, 2023
FOREX: EUR/USD Holds Steady Below 1.0500

FOREX: EUR/USD Holds Steady Below 1.0500

October 3, 2023

Recent News

Chainalysis Lays Off 15% Of Staff To Curb Expenses

Chainalysis Lays Off 15% Of Staff To Curb Expenses

October 4, 2023
CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

October 3, 2023
Bitcoin Fails To Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?

Bitcoin Fails To Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?

October 3, 2023
FOREX: EUR/USD Holds Steady Below 1.0500

FOREX: EUR/USD Holds Steady Below 1.0500

October 3, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Chainalysis Lays Off 15% Of Staff To Curb Expenses

Chainalysis Lays Off 15% Of Staff To Curb Expenses

October 4, 2023
CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

CFTC Chair Pushes For DeFi Regulation Amid Industry Tensions

October 3, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>