United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

AUD/USD rebound loses momentum near 0.7110

FXstreet.com Monday, 25 March 2019
· *The Aussie picks up pace and regains 0.7100 and above.*
· *AUD remains bid despite growth concerns.*
· *The pair stays supported around 0.7000.*

The Aussie Dollar has started the week on a positive note and has lifted *AUD/USD* to fresh daily highs in levels beyond 0.7100 the figure.

*AUD/USD bid on weak USD*

Spot keeps recovering part of the ground lost in the last couple of sessions, managing to reclaim the critical 0.7100 handle while finding decent contention around the psychological 0.7000 neighbourhood.

Concerns over a global slowdown, particularly in the Chinese economy remain in centre stage, although recent comments from Chinese officials have emphasized the capacity of the economy to deal with downside pressures, all lending support to AUD.

On the positioning front, AUD speculative net shorts climbed to the highest level since late November 2018 during the week ended on March 19, according to the latest CFTC report.

*What to look for around AUD*

The broad risk-appetite trends continue to drive the sentiment in the high-beta currencies and the commodity-bloc, where developments in the US-China trade dispute remain the almost exclusive catalyst of the price action. Recent RBA minutes confirmed the shift to a more neutral stance from the central bank, while market participants continue to price in a rate cut at some point in H2 2019, all keeping the medium term bearish outlook on AUD unchanged for the time being.

*AUD/USD levels to watch*

At the moment the pair is gaining 0.27% at 0.7098 and a breakout of 0.7131 (55-day SMA) would aim for 0.7168 (high Mar.21) and finally 0.7215 (200-day SMA). On the downside, the next support emerges at 0.7003 (low Mar.8) followed by 0.6907 (monthly low Sep.4 2015) and then 0.6827 (monthly low Jan.26 2016).
0
shares
ShareTweetSavePostSend
 
Credit: HT-VAN_ANI - Published < > Embed
News video: Need to gain momentum from next match MI Quinton De Kock

Need to gain momentum from next match MI Quinton De Kock 01:20

Need to gain momentum from next match MI Quinton De Kock

You Might Like


Recent related videos from verified sources

Bernie Sanders’ 2020 Campaign Loses Momentum [Video]Bernie Sanders’ 2020 Campaign Loses Momentum

Sen. Bernie Sanders began his 2020 campaign at full speed, dominating in polls and fundraisers. According to Business Insider, other Democratic presidential candidates are catching up. INSIDER’s..

Credit: Wochit     Duration: 00:32Published

Rory Stewart 'very, very pleased' with momentum in Tory leadership race [Video]Rory Stewart 'very, very pleased' with momentum in Tory leadership race

Rory Stewart speaks to the press ahead of a live BBC debate after securing his place in the third round of voting for the Tory leadership. He said he was very, very pleased with the momentum he was..

Credit: PA - Press Association STUDIO     Duration: 00:33Published

Petition To Name Keanu Reeves ‘Time’ Magazine’s ‘Person Of The Year’ Gains Momentum [Video]Petition To Name Keanu Reeves ‘Time’ Magazine’s ‘Person Of The Year’ Gains Momentum

A petition that seeks to name Keanu Reeves as TIME‘s 2019 Person of the Year is gaining momentum. The campaign simply aims to make a blunt point: “Keanu is the most wholesome person alive, make..

Credit: Wochit     Duration: 00:41Published

Beyond Meat In The Stock Market [Video]Beyond Meat In The Stock Market

According to Business Insider, &quot;Beyond Meat shares are continuing their upward momentum following a report about Impossible burger shortages Friday.

Credit: Rumble     Duration: 00:25Published

Citizens Financial CEO Talks Trade, Regulatory Environment and Consolidation [Video]Citizens Financial CEO Talks Trade, Regulatory Environment and Consolidation

Citizens Financial Group CEO Bruce Van Saun has overseen the company's stock turnaround over the past six months after a swoon in 2018, but to push the stock forward Van Saun is going to need..

Credit: The Street     Duration: 08:14Published

Lululemon's Profits Top Wall Street Expectations [Video]Lululemon's Profits Top Wall Street Expectations

Business Insider reports Lululemon's shares jumped by 3% late Wednesday after it beat Wall Street's expectations. The athleisure retailer's first-quarter profits and sales topped estimates. Calvin..

Credit: Rumble     Duration: 00:28Published

Most G20 members see trade row as huge risk for global growth [Video]Most G20 members see trade row as huge risk for global growth

According to Reuters, a a senior Japanese Ministry of Finance on Saturday said that most Group of 20 finance leaders said escalating trade tensions pose a huge downside risk for the global economy. The..

Credit: Rumble     Duration: 00:35Published

G20 members see trade war posing risk to global growth [Video]G20 members see trade war posing risk to global growth

According to a report by Reuters, on Saturday, a senior Japanese Ministry of Finance said that most G20 finance leaders see escalating trade tensions posing a huge risk for the global economy. The..

Credit: Rumble     Duration: 00:44Published


Recent related news from verified sources

WekaIO Named HPE Momentum Technology Partner of the Year 2019

WekaIO Named HPE Momentum Technology Partner of the Year 2019
CAMPBELL, Calif.--(BUSINESS WIRE)--#AI--WekaIO, the innovation leader in high-performance, scalable file storage for data-intensive applications, announced today...
Business Wire

Chuka Umunna 'keeping options open' after Change UK split amid rumours he will join Lib Dems

Exclusive: Former Labour frontbencher aims to develop a Momentum-style movement to drive centre-ground politics
Independent

Ten Tory MPs join official starting line to replace May

Hunt’s slick campaign launch sees him gain momentum as credible rival to Johnson
FT.com Also reported by •Independent

Protests abating, Macron sends PM to map out exit from reform 'death valley'

President Emmanuel Macron will seek on Wednesday to rebuild momentum behind his measures to shake up the French economy now that yellow vest protests against him...
Reuters

McIlroy riding wave into Pebble Beach

If momentum counts for anything Rory McIlroy will be riding a wave when he hits the scenic beachside layout for the opening round of the U.S. Open on Thursday...
Reuters

China's 'Gen Z' shoppers fuelling luxury market momentum: Bain

Chinese "Gen Z" shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant demand for...
Reuters

Johnson momentum kicks off battle for second place

Rival camps had not foreseen ex-foreign secretary pulling so far ahead so early
FT.com

Nicolas Pepe to Liverpool: Jurgen Klopp preparing Mohamed Salah sacrifice to seal transfer

Nicolas Pepe to Liverpool: Jurgen Klopp preparing Mohamed Salah sacrifice to seal transfer
LIVERPOOL’s bid to sign Lille winger Nicolas Pepe is ‘gaining momentum’, according to the latest reports from French media.
Daily Star


Other recent news in Markets

Accenture to Sign Blockchain ID Deal With CANADA, Netherlands and Aviation PlayersEuropean Markets End On Buoyant Note As DRAGHI Hints At More Stimulus
FDA's Nicotine Rule Likely To Cost Tobacco Industry $165 Bln: MORGAN Stanley5 Great Quotes on Selling and BUYING, Using and Losing, and Freedom
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.