AUD USD: Weekly Review 11 to 15 February 2019

A quit week after opening at $0.70880 draw a green bar, by a little support from positive Aussie economic data, to close at $0.71400, a relatively small increase of $0.00520.

Though on Monday AUD start on risk sentiment, with doubt on risks related to US China trade wars, registered a loss of $0.00263.

AUD USD Weekly Review for the week February 11 to 15 2019

With all the pairs AUD performed well except New Zealand dollar thanks to dovish than expected Monetary Policy Statement on Wednesday.

On Thursday and Friday, AUD rallied steadily higher, after Westpac Consumer Sentiment Index 4.3% against January's -4.7%.

AUDUSD Expected Interest Rates by RBA Kept Currency Positive

Aussie touches high today 0.72644, but struggling to keep momentum despite strong jobs projections. Now price floating around 0.724XX, unlikely much fluctuation today as there is no event that will affect the AUD/USD pair.

Seasonally adjusted Domestic Retail Sales dropped to 0.4 percent for December 2018 against estimated 0.5 percent. Trade surplus for Australia went upto 3681 Million A$ as imports drop of 6 percent.

As US - China trade talks gives optimistic outlook, also give AUD a little boost against greenback,
It is unlikely to reach or cross 0.7300 US Dollar.

AUD USD Hourly Chart 05 February 2019

EURUSD Weekly Review Jan 28 ~ Feb 1 2019

Despite last Thursday (25th January) Euro sees a hike of nearly .9 percent in one day, failed to register same momentum following days. Warning signs from German and Italy also a concern that keep the currency bit lower, but still in bullish slopes.

Still a weaker greenback keep pushing Euro in green bar. As for as EURUSD, still who looses the race will be decided by 'weaker' currency.

Anyway, for the EUR/USD pair, it will be the battle of the 'less-weak' currency.

    Open (on Monday, 28 Jan 2019) 1.14000
    High (on Thursday, 31 Jan 2019) 1.15143
    Low (on Monday, 28 Jan 2019) 1.13901
    Close (on Friday, 1 Feb 2019) 1.14540
Weekly gain of Euro against US Dollar is +0.00482 (+0.42 percent)

EURUSD Hourly Chart 28th January to 1st February 2019

XAUUSD Weaker Greenback Pushing GOLD towards 1325 (31 JAN 2019)

US FED unchanged interest rate keep pushing precious yellow metal further towards 1325. Traders buying mood also keep this bullish momentum.

Opened at 1319.80, claimed upto 1326.30, remain just under 1325.

This January XAUUSD opened at 1282.80 and traced up by 3.35 percent.

XAUUSD Hourly chart on 31st January 2019

AUDUSD Recover to Green after Aussie CPI

Australian Consumer Price Index came out beating expectations. The quarter to quarter is 0.5%, year to year is 1.8%. Whereas prior expectations was q/q is 0.4% and y/y was 1.7% as I mentioned in AUD Weekly Forecast.

Aussie CPI posted an increased 114.10 Index Points for 4th quarter of 2018 from 113.5 Index Points in 3rd quarter of 2018.

Also US Dollar Index struggles for directions on President Trump's stand on trade war with China and FED Shutdown. DXY is still around 95.x failing to catch up last quarter high.

Further US-China high level Trade Talks to avoid trade war President Trump planned to wage from March 1.

Overall AUD is highly correlated with DXY and it is all depend on Sino-US trade talks/war, stand on Shutdown.

Till then this small correction of +2% expected this January 2019.

AUDUSD Hourly Chart 30th January 2019

XAUUSD (GOLD) Afloats Above new support level 1300

Today GOLD opens at 1302.99 keep claiming touching 1311 and strong buying mood against weaker US Dollar continues. It seems long time resistance 1300 turns to be new support level.

On Monday GOLD price remains unchanged, the gain reached on last Friday. Have to see how the XAU reacts CB Consumer Confidence, which is estimated at 125.0

The US labour markets, for the first time since 1969 records below 200,000 mark. This continues to impress as unemployment claims dropped from 213,000 to 199,000, but failed to influence precious yellow metal price,

XAU USD 29th January 2019

EURUSD This Week 21 ~ 25 January: Weaker US Dollar Gives Relief to Euro at 1.14045

Euro fully corrected to 1.4045 from yesterday's (Thursday, Jan 24th) close at 1.13056. But still failed to capitalize downtrend of US dollar, as DXY went past the strong support level of 96.00. Euro gained only 0.00989 yesterday.

German IFO Survey for the month of January disappointed expectations, as the key Business Climate component dropped further to 99.1. This and advanced manufacturing PMI, results added negatively in Germany and the euro bloc at whole.

Still 1.14000 mark is turn to be a support or resistance yet to be seen.

This week January 21 ~ 25
  Open: 1.13628
  High: 1.14179
  Low: 1.12893
  Close: 1.14045
Swing: +0.00418 (+0.37%)

EUR/USD January Weekly Chart 21 ~ 25

GBPUSD This Week 21 ~ 25 January: US Dollar Slide Helps Pound for 3 Months High

The sliding green back helps British Pound to reach three month high of $1.32171 and close at $1.31951.

The DXY slidded to 95.81, the lowest this week. The depressed US Dollar, consolidating below key short-term support level of 96.00, signaling that the slide could go on over the next few sessions. The US Dollar pressured by govt stand on its shutdown.

The British Pound reached its highest close in three months and fifth time out of last four days.

This week January 21 ~ 25
  Open: 1.28733
  High: 1.32170
  Low: 1.28310
  Close: 1.31951
Swing: +0.03218 (+2.50%)

GBPUSD 21 ~ 25 January 2019

GBP/USD: Bullish trend @ 1.31 Jan-25

The Pound gains against USD today after the news out about Ireland’s Democratic Unionist Party is agreed to back PM Theresa May's Plan B Brexit following week. The Brexit is scheduled for debate and vote in British Parliament on Jan 29th.

If she able to win the vote that will back GBP further - beyond 1.32.

According to Michael McCarthy of CMC Markets, a technical breakout to 1.38 is also a possibility,

GBP/USD pair today trading around 1.3140, its best levels since November 2018.

GBP/USD Friday, January 25 2019