Forex News
FX Daily Strategist: US
– USD starts to give back recent gains – still an opportunity to buy GBPUSD and NZDUSD The USD has started to give back some of its recent gains, particularly against the commodity currencies. AUDUSD has found support in the past 24hrs at 1.0150 – the same level that the crosses bounced of in early […]
FX Daily Strategist: Europe
– USD starts to give back recent gains – still an opportunity to buy GBPUSD and NZDUSD The USD has started to give back some of its recent gains, particularly against the commodity currencies. We expect that amid little major newsflow this renewed sell-off in the USD can continue.
FX Daily Strategist: Europe
– Post-NFP USD rebound an opportunity to buy GBPUSD and NZDUSD The USD’s initial sell-off in response to Friday’s NFP proved to be short lived, with the USD strengthening through to the end of Friday, particularly against the commodity currencies.
FX Daily Strategist: Europe
– NFP likely to come in below 100k for the second straight month With the ECB behind us, the US employment report will dominate markets on Friday. Price action in Asia has continued to remain risk-on with the Asian currency index (ADXY) breaking key levels and now opening the way for the YTD high (118).
Asia Today: USDJPY holds gains despite no BOJ easing (this time)
Asia was in pause mode ahead of tonight’s non-farm payroll report with only the BOJ meeting to monitor. The BOJ left rates unchanged in a unanimous decision, did not announce any new monetary easing steps, but cut its assessment of the Japanese economy.
FX Daily Strategist: US
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
FX Trends daily (FOCUS: AUD/JPY)
AUD/JPY The AUD/JPY has consolidated in the recent weeks and has bounced yestreday on a key short term support area around 79,70. A break above a short term resistance at 81,30 would strenghten this recovery and would prolong it toward 83,10/60, possibly higher toward the next medium term resistance at 85,30 (retracement).
Asia Today: More pressure on the AUD as retail sales disappoint
The focus was still on Australia in today’s Asian data slate with retail sales in the spotlight this time. The good news was that retail sales rebounded back into positive territory in August having slumped 0.8% m/m the previous month.
FX Technical Volume Strategy: EUR/SEK – Don’t believe the hype
– EUR/SEK rebounded yesterday further than we had expected but volumes were light as demand dried up at higher levels, this implies downside risk for later in the week.
FX Daily Strategist: Europe
– AUD crosses to weaken following unexpected RBA cut; Statement dovish RBA unexpectedly cut rates by 25bps 3.25 per cent delivering a fairly dovish statement suggesting that further rate cuts lie ahead. The RBA statement was quite dovish on all points, and there was a noticeable increase in concern over the China growth outlook.
RBA decided to cut the cash rate to 3.25%
Against our expectations the RBA decided to cut the cash rate by 0.25% to 3.25% already at today’s meeting rather than at the October meeting followed by a new Monetary Policy Report.
Daily FX Technical Strategy: AUD look out
At the start of a new quarter, the AUD is taking centre stage. AUD/NZD appears to have completed a huge Head and Shoulders top and conservatively threatens to revisit its 2011 low.