Tag Archives: AUD/NZD
FX Trends daily (FOCUS : AUD/NZD)
AUD/NZD After having cleared a resistance at 1,3030 last week, the cross has started a sharp conolidation but slightly bounced last night on a potential short term support at 1,2911 (short term support line).
AUD/NZD – Positioning for a retracement
We expect slowing Australian inflation, a balanced RBNZ statement and weakness in European activity indicators to depreciate AUD/NZD in coming weeks from the current two-month high.
FX Daily Strategist: Europe
SMP to the rescue? Italian auctions to test market’s renewed confidence What went down on Tuesday went up on Wednesday, though only about half of Tuesday’s G10 FX moves were reversed. The turn-around was largely attributed to improved sentiment in European debt markets after comments from ECB Executive Board member Benoit Coeure saying that market […]
FX Daily Strategist: US
EURUSD – living on borrowed time above $1.30? Today, the sharp sell-off seen in EZ bond markets has calmed down for no obvious reason, strongly suggestive that the ECB may be in via the SMP to calm the market. A timely reminder from ECB Couere today that the ECB SMP – which hasn’t been used […]
FX Daily Strategist: Europe
USD performance mixed in undecided market; negative AUDNZD outlook may extend The resonance of Fed Chairman Bernanke’s dovish comments seem to have faded in the FX markets on Wednesday as USD performance was mixed, with the commodity block under some pressure. While the February durable goods number was an improvement on January, it came in […]
FX Daily Strategist: Europe
* USD weaker but EUR continues to underperform Despite a lacklustre equity market display on Monday, USD weakened across the board. Asian markets have sustained the momentum, sending local and commodity currencies higher, helped along the way by another large Chinese trade surplus and little sign of waning appetite for commodities.
European Market Analysis
EUR/USD – settles for the time being between $1.2760/70, after recovery earlier touched a high at $1.2775. Several traders have mentioned interest to go short on approach to $1.2780, with one major investment bank adding that they see the area between $1.2770/1.2800 as the area they will add to shorts. Further resistance seen in the […]
Market Analysis
The EUR fell to a 16-month low of $1.2666 against the USD and a fresh 12-year low of Y97.280 against the JPY amid growing concerns over the ability of European leaders to contain Europe’s sovereign-debt crisis.
AUD ANALYSIS
Opened in Asia at $1.0378 after highs in NY of $1.0387 as the pair led yesterday’s risk rally following strong Chinese PMI data which led equities higher, supporting Gold and Silver, with Crude Oil also making solid gains on the back of further sabre rattling in the Gulf.
AUD/USD ANALYSIS
The Australian dollar inched lower in thin trading Wednesday, with a heavily watched upcoming Italian bond auction keeping investors cautious. That bond auction in Italy–the world’s third largest bond market–is set for later in the global day and will be a key gauge of whether distressed government bonds will be purchased by European banks after […]