(Last Updated April 15, 2021)
Welcome to the news page for GBPAUD (GBPAUD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia Employment Change | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 35K | 70.7K |
| Australia Unemployment Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 5.7% | 5.6% |
| Australia Participation Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 66.1% | 66.3% |
| United Kingdom BoE Credit Conditions Survey | NA | British Pound | GBP | 2021-04-15 | 08:30 GMT | ||
| Australia HIA New Home Sales MoM | Mar 2021 | Australian Dollar | AUD | 2021-04-16 | 03:00 GMT |
As for trends on GBPAUD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
The moving averages on GBPAUD indicate a trend that is clearly bearish. Moreover, it should also be noted that the 20 and 50 SMA just turned bearish today.
Below is a chart showing GBPAUD’s price with its moving averages.
As for assets in the Forex asset class GBPAUD has been correlated to over the past week, it has demonstrated the strongest correlation with GBPNZD. GBPAUD has been most correlated with GBPNZD over the past 14 days also, so this may be a recurring pattern. On the flip side, USDTRY has been the asset least correlated with GBPAUD — but if we observe the prior two weeks, ZARJPY has been the asset least correlated with GBPAUD. The chart below illustrates GBPAUD against its least correlated assets.
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At the moment, GBPAUD’s rate is down -144 pips (-0.8%) from the week prior. Moreover, note that the weekly chart shows that GBPAUD has seen 2 straight down weeks. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows GBPAUD’s price action over the past year.
Monthly trend: strongest on the 120 month timeframe.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 18.24% from the day prior, but up 3.83% from the same day the week before.
Relative to other instruments in the forex asset class, gbp/aud ranked 28th yesterday in terms of percentage price change.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 7.64% from the day prior, and up 115.48% from the same day the week before.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 18.05% from the day prior, but up 88.67% from the same day the week before.
This imputes a buy/sell ratio of 0.14, which is quite bearish.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
For additional context, note that price has gone up 18 out of the past 30 days.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 4.16% from the day prior, and up 55.07% from the same day the week before.
This imputes a buy/sell ratio of 0.5, which is bearish.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.