Tag Archives: AUD

European FX Daily

– RBA cut 25bps and sounds dovish – Korean inflation rose in September, but remains a non-issue – Light data calendar today

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.

FX G10 and EM Morning Trader Views

G10 EUR – Eur rallies continue to be sold and Friday was no different – we topped at 1.2960 after a woefully weak attempt at breaking that 1.2970 lvl that defines this recent downtrend –

European FX Daily

China PMI weaker than expected in September, but still up from August – Another disappointing Tankan – Focus on European and US PMI today

– Spanish budget well received – risk rally rolls on The long-awaited Spanish budget has been well received by markets with Spanish sovereign spreads relative to Germany narrowing and global equties finishing higher.

FX Daily Strategist: Europe

– EUR, AUD & NZD rebound but peripheral eurozone risks continue to steer the markets Broad USD strength has reversed during the Asian time zone despite ongoing concerns over Spain. The EURUSD has bounced to 1.29 while the rise in Australian jobs vacancies (+ 4.2% in August) has pushed the AUDUSD back above 1.04.

FX G10 and EM Morning Trader Views

G10 EUR (1.2889) – Super Friday looms tomorrow, but before Spain grabs the limelight we still have 24 hours to navigate through choppy waters.

FX G10 and EM Morning Trader Views

G10 EUR (1.2869) – seemed to be no shortage of negatives emanating out of Europe yesterday, the surprise really was in the timing of the mkt response with EUR again trading in the direction of pain.

FX G10 and EM Morning Trader Views

G10 EUR – Price action remains heavy having completed a series of six lower highs now. Support around 1.2890 is the next region to overcome and this should open a move to 1.2830 which is the 200dma and the 61.8% fib from 1.2626-1.3172 move.

FX G10 and EM Morning Trader Views

G10 EUR (1.2936) – continue to pare back some of the post-QE3 gains; I see the first pocket of support coming in round 1.2906 (23.6% fib of July-Sep move).

FX Daily Strategist: Europe

– The focus this week will be on Spain The USD once again recovers its end-of-week losses as investors continue to avoid extending their risk-taking. Political risk, including China-Japan tensions and whether Spain will seek external assistance, are likely to be causing investors to pare back risk positions.