Tag Archives: AUD/JPY
Forex Weekly Report
Energy dependence has detrimental impact on current account The Japanese current account is being watched carefully for signs of improvement.
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and see focus shift to layers of resistance in the
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and
Asian Currencies Technicals
The sharp correction lower for the aussie on Thursday found support at the 55-DMA with daily tech studies now looking to correct lower from very overbought levels.
Australian Markets Weekly – Unemployment rises as economy stabilises
Unemployment rises to 6% as the economy shows signs of stability. NAB still expects the economy to grow by 3% this year and next, net exports being a major contributor. AUD has a mini recovery, the AUD/USD trading above 0.90.
Asian Currencies Technicals
The sharp correction lower for the aussie on Thursday found support at the 55-DMA with daily tech studies now looking to correct lower from very overbought levels.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
Australian Markets Weekly – RBA lifts inflation forecast and drops easing bias
Last week the RBA lifted its inflation and growth forecasts and dropped its easing bias. With NAB still forecasting the unemployment rate rising to near 6½ % through 2014,
EUR/JPY seen as a selling opportunity, $ index higher Thursday
EUR/USD: As we now are into the fourth day of consolidating the steepJan 30-31 decline the bear flag created is getting mature.
Australian Markets Weekly – Australian data continues to improve
This past week has seen yet more key indicators, NABBusiness Conditions – a coincident indicator – and RBAcredit turn higher, more evidence the economy has shownmore resilience into year end.
Australian Markets Weekly – Little inflation risk on the horizon
The Q4 CPI on Wednesday is expected to again show modest price pressures, with the underlying rate forecast to rise 0.6% (2.3%yoy) and the headline rate 0.5% (2.4%yoy).
FX implications of lower oil prices
If DB’s forecast of lower oil prices materializes, this will provide furthersupport for our stronger USD view. The Fed has tightened policy theyear after the last 4 favorable ‘exogenous’ oil shocks.