Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
GOP hardliners revolt and derail McCarthy’s agenda in retaliation over speaker’s debt limit deal June 6, 2023
Hands on first impressions from WWDC 2023 June 6, 2023
AI Deepfakes Becoming Tool of Choice in Cyber Extortion, Says FBI – How is Crypto Being Used in the Process? June 6, 2023
US government ramps up its gas price forecast. Blame OPEC and Saudi Arabia June 6, 2023
Ofgem to be legally obliged to push for ‘net zero’ June 6, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Markets Forex

AUD/USD sticks to gains near daily high, below 0.6800 ahead of the crucial US CPI report

Staff by Staff
December 13, 2022
in Forex
0 0
A A
0
  • AUD/USD regains some positive traction on Tuesday amid a modest USD weakness.
  • A positive risk tone and softer US bond yields keep the USD bulls on the defensive.
  • Traders now look to the US CPI for a fresh impetus ahead of the key FOMC meeting.

The AUD/USD pair attracts fresh buying near the 0.6740-0.6735 region on Tuesday and reverses a major part of the previous day’s retracement slide. The pair maintains its bid tone heading into the North American session and is currently placed near the daily peak, around the 0.6780 area.

A combination of factors prompts some selling around the US Dollar, which, in turn, is seen offering support to the AUD/USD pair. Against the backdrop of the uncertainty over the Fed’s rate hike path, a softer tone surrounding the US Treasury bond yields keeps the USD bulls on the defensive. Moreover, the easing of COVID-19 curbs in China remains supportive of a generally positive risk tone, which further undermines the safe-haven buck and benefits the risk-sensitive Aussie.

That said, growing worries about a deeper global economic downturn should keep a lid on the risk-on rally in the markets. Traders might also refrain from placing aggressive directional bets ahead of the crucial US consumer inflation figures, due for release a while from now. The data will influence the USD price dynamics ahead of the highly-anticipated FOMC policy decision on Wednesday. This, in turn, will determine the next leg of a directional move for the AUD/USD pair.

Heading into the key data/event risks, the fundamental backdrop warrants some caution for bulls and before positioning for any further intraday appreciating move for the AUD/USD pair. Hence, any subsequent move up is more likely to confront stiff resistance near the 0.6800 mark. That said, some follow-through buying has the potential to lift spot prices back towards the monthly swing high, around the 0.6850 region touched last week.

Technical levels to watch

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Forex

Microsoft Corp. ($MSFT) Reacts Higher From The Blue Box Area.

June 6, 2023
Forex

Fed easing cycle to kick off a multi-year Dollar bear trend later this year – ING

June 6, 2023
Forex

USD/JPY to see a ceiling of around 145 as Japanese authorities are taking a restraining stance – MUFG

June 6, 2023
Forex

Gold Price Forecast: XAU/USD steadily around $1960s amid higher US bond yields

June 6, 2023
Forex

Gold Price Forecast: Prospect of rising rates to weigh on XAU/USD until FOMC meeting – Commerzbank

June 6, 2023
Forex

USD/TRY advances to record highs around 21.5000

June 6, 2023
Load More

Leave a Reply Cancel reply

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

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.