empty
24.01.2025 12:49 PM
AUD/USD: After Trump's Statement on a Possible Trade Deal with China, the Australian Dollar Gains Momentum

This image is no longer relevant

The AUD/USD pair has broken out of its two-day trading range, reaching a new monthly high. Spot prices are displaying positive momentum, pushing beyond the 50-day Simple Moving Average (SMA) and positioning for further gains amid U.S. dollar weakness.

This image is no longer relevant

The U.S. Dollar Index, which tracks the greenback against a basket of currencies, is falling to a new monthly low on expectations that the Federal Reserve will cut interest rates by the end of the year.

This image is no longer relevant

These expectations have been bolstered by comments from U.S. President Donald Trump, who called for immediate rate cuts. Combined with overall market optimism, this has weakened the dollar's safe-haven status and supported the rally in AUD/USD.

Global risk sentiment received an additional boost after Trump stated his preference for avoiding tariffs on China and highlighted the possibility of reaching a trade agreement. These remarks have eased inflationary concerns and contributed to a decline in U.S. Treasury yields, further pressuring the dollar. Additionally, technical buying above the 0.6300 level has driven the intraday rise in AUD/USD. The Relative Strength Index (RSI) has confidently crossed the 50-level on the daily chart in a positive direction, while the 9-day Exponential Moving Average (EMA) has moved above the 14-day EMA, further signaling potential for continued growth.

With the recent gains, spot prices have risen by approximately 200 points from the lowest levels reached earlier this month and are on track to break a three-week losing streak.

For better trading opportunities today, attention should focus on the release of preliminary U.S. PMI data, which could provide additional momentum during the early North American session. Moving into next week, Monday's official Chinese PMI figures will be key to influencing sentiment regarding the Australian dollar, a currency closely tied to China's economic performance.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Analysis and Forecast

The Japanese yen continues to be on the defensive against the U.S. dollar, as global risk sentiment improves following new stimulus measures announced by China over the weekend. This

Irina Yanina 11:35 2025-03-17 UTC+2

USD/CAD: The Pair Starts the New Week with Caution

The USD/CAD pair begins the new week with caution, fluctuating within a narrow range above 1.4350 and remaining above the 50-day SMA. However, fundamental factors suggest potential downside risks. Positive

Irina Yanina 11:05 2025-03-17 UTC+2

Are stock investors poised to buy shares during nosedive?

Anything can happen sooner or later. The S&P 500 entered correction territory in just 16 trading sessions. In the previous 24 instances where stocks dropped 10% from recent record highs

Marek Petkovich 09:32 2025-03-17 UTC+2

Markets Will Remain in a Depressed State for Some Time (we expect a renewed decline in #Bitcoin and #Litecoin)

Global financial markets continue to be heavily influenced by the policies of the U.S. president, who is disrupting the established economic and geopolitical framework that existed before him. Naturally, this

Pati Gani 09:15 2025-03-17 UTC+2

Dollar Sells Off, Recession Threat Grows, S&P 500 Index Risks a Major Collapse

The dollar sell-off continues without signs of slowing down. According to the CFTC report, the net long position on the USD decreased by another $4.6 billion over the week, reaching

Kuvat Raharjo 08:52 2025-03-17 UTC+2

GBP/USD Pair Overview – March 17: The Market Has Fallen Asleep. Nobody Cares About the Economy

The GBP/USD currency pair completely stagnated on Friday. The chart below clearly shows that there was significant volatility during the first three days of the week before last when

Paolo Greco 04:05 2025-03-17 UTC+2

EUR/USD Pair Overview – March 17: No Hint of Correction

The EUR/USD currency pair did not continue its sluggish downward movement from Wednesday and Thursday on Friday. As a result, we will have to wait once again for a correction

Paolo Greco 04:05 2025-03-17 UTC+2

US Dollar: Weekly Preview

America will once again be a major focus in the news. Surprisingly, it won't primarily be due to economic updates or the Federal Reserve meeting, but rather news surrounding Donald

Chin Zhao 23:05 2025-03-16 UTC+2

EUR/USD Weekly Preview: All Eyes on the Fed

After experiencing a significant surge of 500 pips, the EUR/USD pair has settled into a period of stagnation, awaiting further news. The Federal Reserve may either alleviate or heighten concerns

Irina Manzenko 23:05 2025-03-16 UTC+2

What to Pay Attention to on March 17? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Monday, with the only notable report being on retail sales in the US. It's important to note that the market has shown

Paolo Greco 22:27 2025-03-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.