Tag Archives: AUD
AUD ANALYSIS
The AUD dipped slightly lower on Wednesday, thanks in part to some concerns ahead of Spanish bond and Italian T-bill auctions later in the week. Further hitting perceptions about the Australian currency, which tends to climb along with global equities as a gauge of general investor sentiment, Fitch Ratings said Italy is the biggest threat […]
UBS Morning Adviser America
We were stopped out of our AUDUSD shorts through 1.0280 last night as the pair’s grind higher in the wake of positive retail sales data continued, from 1.0145 at yesterday’s low to a 1.0324 high in Asia today.
European FX Daily – Antipodeans lead rally vs. the USD
– Antipodeans lead rally versus USD – China’s trade surplus widens more than expected due to weak imports – AUD building approvals rose more than expected – More IP releases to watch across Europe today What to watch for today SEK: Softer IP. Consensus is for a 0.8% mom contraction in Swedish November industrial production, […]
AUD ANALYSIS
The AUD rebounded in Asian trading Tuesday, helped by improving trade data from China and strong building approvals in Australia. After falling against most major crosses on Monday, the AUD pushed back above US$1.0300 for the first time since last Thursday late in the local trading session.
AUD ANALYSIS
The AUD slid Monday as concerns about the euro-zone debt crisis continue to damp sentiment about the risk-sensitive currency. Among a series of reports hitting sentiment, the International Monetary Fund has growing doubts about Greece’s long-term ability to cut its debts, according to a report in German news magazine Der Spiegel on Sunday. Along with […]
Big G10 FX charts show Euro and Aussie at new opposite extremes
USD The USD/G10 basket has yet to extend beyond its recent tops as the pro-risk currencies have held their own against the greenback even as the Euro has suffered of late. The relative strength of the greenback in an environment of still elevated risk appetite is significant relative to previous behaviour.
Australia: State revenues ride the mining capex wave; QTC spreads to benefit
Bottom line The mining boom delivers significant revenue benefits to the resource-rich states both directly and indirectly via the capex boom. Mining capex drives employment (payroll tax) and population growth, state final demand and, hence, house prices (stamp duties). Given current semi-government bond relativities, investors who expect the mining capex boom to continue should view […]
AUD ANALYSIS
Opened at $1.0262 in Asia after lows of $1.0232 in NY as the EUR fell back on EU bank capital concerns, Hungary and French sovereign downgrade fears. Strong US ADP and ISM data helped the USD to firm and encouraged a rally in US equities.
FX Daily Strategist: Europe
New Year rally fades; range trading likely ahead of Friday’s NFP The risk-on momentum that rang in the New Year dissipated on Wednesday despite the higher revision of the Eurozone Services PMI. In fact, EUR remains weighed down on the crosses with EURAUD falling to new record lows and EURJPY nearing 12-year lows as consolidates […]
Fixed Income Research – Global
EUR USD (1.2925) Investors continue to focus their angst on the European bond markets. Yesterday’s German bund auction although oversubscribed and better than the preceding one in November, was largely rated by the market as ‘lacklustre’ or ‘muted’. Since, typically, the bund issue is keenly priced relative to the secondary market, a demand less than […]
AUD Analysis
A softer tone for risk appetite meant the AUD was slightly weaker late in the local session Thursday but remains within its recent range as dealers wait on the results of a French debt auction due later. Paris is seeking to raise up to EUR8.0 billion in a scheduled tender which traders say will set […]
Market Preview – 4 January 2012
Forex Overnight: EUR trading under pressure The EUR has weakened against most of the major currencies, this morning, ahead of the German and Portuguese bond auctions worth €5.0 billion and €1.0 billion, respectively, later today. Traders are also keeping an eye on the Eurozone consumer price inflation data slated for release today, which is expected […]