Tag Archives: AUD
European FX Daily
– Chinese equities up even as most other markets fall – Korean employment up, unemployment unchanged at 3.1% – Weak Swedish industrial production a risk to SEK – We expect Brazil to keep policy rates unchanged
European FX Daily
– Equities, AUD, and NZD rally – No major surprises from the Eurogroup – Canadian housing starts likely to weaken
Daily FX Technical Strategy: Red alert for a weaker AUD
Bank holidays in Japan and the US should keep trading subdued today, but that is not a given. Late on Friday risk came under pressure with metals prices in particular falling, despite the problems in South Africa.
FX G10/EM Morning Trader Views
EUR (1.2979) – we open this morning on the first support level of the day, this 1.2965/75 region was the ‘break-up’ level on Wednesday having failed to clear this a number of times prior.
European FX Daily
– Risk appetite opens the week soft with the USD rallying – Australia’s job ads contract again – HSBC China non-manufacturing PMI rose in September – Eurogroup meeting today unlikely to yield a Spanish bailout
FX Daily Strategist: Europe
– 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 G10/EM Morning Trader Views
EUR – Another day of chopping/consolidation stuck 30 pips either side of 1.29 – My view remains unchanged with a bias to the topside – I remain long looking for an eventual break of 1.2970/1.30 to confirm the recent selling pressure is over and we again target a deeper squeeze.
European FX Daily
– We expect the ECB and BoE to keep policies unchanged today – Watch FOMC minutes for any guidance of easing criteria – Revised our USDINR three- and 12-month forecasts lower to 50.5 and 50.0
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.
Global Technical Watch – AUD weakening contagion
While the USD stabilises within ranges, the AUD continues to catch the markets attention and AUD/USD is bearing the brunt of recent selling. The weekly cloud base is support to monitor at the Friday close; near term, the market is pushing towards its September lows.
European FX Daily
– China’s non manufacturing PMI fell – Australia posted a bigger than expected trade deficit in August – We expect the Polish central bank to be on hold, against consensus for a cut
FX G10 and EM Morning Trader Views
EUR – Stable o/n holding 1.2875/80 (yesterdays dip lows) supporting by some decent demand from custodials and euraud buying from spec and lev