Tuesday, 21 May 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD struggles near one-week lows, below mid-0.7100s
Monday, 22 April 2019 15:25 WIB | CURRENCIES | Indeks DolarAussieAUD/USD,

The AUD/USD pair held on to its mild weaker tone through the early European session on Monday and is currently placed at over one-week lows, around the 0.7140-35 region.

After a rather subdued/range-bound trading action on Friday, the pair met with some fresh supply at the start of a new trading week and extended last week's rejection slide from the very important 200-day SMA, levels just above the 0.7200 round figure mark.

The pair remained depressed for the third consecutive session and seemed rather unaffected by a modest US Dollar pullback from multi-week tops, albeit the latest optimism over a possible US-China trade deal might help limit any sharp corrective slide.

Moreover, investors might also refrain from placing any aggressive bets amid relatively thin liquidity conditions on the back of Easter Monday holiday in European markets, which might further collaborate towards lending some support at lower levels.

Hence, it would be prudent to wait for a strong follow-through selling before confirming that the pair might have already topped out in the near-term and positioning for any further near-term downside towards testing sub-0.7100 level, or 0.7070 support area.

Later during the early North-American session, the only scheduled release of existing home sales data from the US will be looked upon for some short-term trading opportunities ahead of this week's more relevant quarterly Aussie CPI figures on Wednesday.

Source: Fxstreet

RELATED NEWS
Sterling Inches Off Lows after Biggest Weekly Drop This Year...
Monday, 20 May 2019 23:22 WIB

Sterling beringsut menjauh dari level terendah sejak Januari pada Senin ini ketika perdana menteri Inggris melakukan upaya terakhir untuk mendapatkan kesepakatan Brexit melalui parlemen sebelum dia me...

Aussie Set For Biggest Rise in 2019 After Shock Election Win...
Monday, 20 May 2019 16:00 WIB

Dolar Australia melonjak pada hari Senin dan berada di jalur untuk kenaikan terbesarnya tahun ini karena investor menyambut kemenangan mengejutkan pemilihan oleh koalisi konservatif Perdana Menteri Sc...

EUR/USD stays under pressure, approaches 1.1150...
Monday, 20 May 2019 14:34 WIB

Sentimen di sekitar mata uang Eropa tetap tertekan pada awal pekan dan mendorong EUR/USD ke pertengahan 1,1100 setelah bel pembukaan di Benua Lama. EUR/USD melihat ke berita perdagangan dan data Spo...

Australian dollar gains after election surprise, yen slips...
Monday, 20 May 2019 08:36 WIB

Dolar Australia mendapat dorongan terhadap greenback pada hari Senin menyusul kemenangan pemilihan mengejutkan oleh pemerintah konservatif Australia, sementara yen sedikit menurun pada pemulihan senti...

Dollar Nears Two-Year High...
Friday, 17 May 2019 23:18 WIB

Dolar AS mendekati level tertinggi dua tahun pada Jumat ini karena Gedung Putih menunda tarif otomatis, sementara ketegangan perdagangan dengan China meningkatkan permintaan untuk aset safe-haven di t...

LATEST NEWS
Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an...

Saudi, UAE See Sufficient Oil Supplies, Rising Stocks

Oil supplies were sufficient and stockpiles were still rising despite massive output drops from Iran and Venezuela, said OPEC kingpin Saudi Arabia and key producer UAE on Sunday, as oil exporters met in Jeddah. Producer nations discussed how to...

Wall St. Lower as Tech Stocks Sell-Off on Huawei Fallout Worries

U.S. stocks fell on Monday, as Washington's crackdown on China's Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world™s two largest economies. Apple Inc slumped 3.3%,...

POPULAR NEWS
Hong Kong, Shanghai Shares End Tough Week on a Low (review)
Saturday, 18 May 2019 03:11 WIB

Hong Kong stocks dived on Friday, topping off another torrid week, as investors fret about rising trade tensions between China and the United...

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower
Monday, 20 May 2019 18:49 WIB

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow...

Oil falls for the session, but gains for the week ahead of OPEC committee meeting
Saturday, 18 May 2019 03:04 WIB

Oil futures finished lower Friday, with U.S. prices down for the first time in four sessions, but up for the week, as any potential demand worries...

Stocks end lower as trade tensions continue, post weekly loss
Saturday, 18 May 2019 03:09 WIB

Stocks ended lower Friday, with major benchmarks logging weekly losses, as worries remained over U.S.-China trade tensions. The S&P 500 fell...