Tag Archives: AUD/USD
Daily FX Wrap and Strategy
The NZD/USD was one of the top performing major currencies overnight, up 0.6% to around 0.8340.
Daily Technical Report
EUR/USD remains supported by its risingchannel (see also the support at 1.3692). Thebreak of the initial resistance at 1.3728 (intradayhigh) validates a tiny base formation, whichfavours a test of the resistance at 1.3773.
The benign collapse: AUD/USD to the mid 60s…
As a house DB expects the RBA to be on hold over 2014, 2015 and H1-2016. Inthe US we expect the Fed to start increasing the Fed Funds rate around mid2015.
The Global Macro Pulse
The dollar has softened against the EUR and the JPY and an early sell-off in the AUD has largely reversed. EURUSD is at 1.3738, USDJPY has fallen to 102.20,
UBS Morning Adviser
Too soon to rebuild AUD longs Japanese investors have systematically run down their exposure to Australian bonds over the past two years.
AUD/USD Analysis
With no major Australian data today, aussie spent the early hours of the session taking its lead from regional stocks. The aussie opened at $0.8982 and was initially held in a $0.8962 to $0.8982 range.
Australian Markets Weekly – The big picture for Australia ahead
Recent data has continued the positive tone evident since Christmas. Market now expects the next move in the cash rate to be up but the first full 25bps is not factored in until June 2015.
Asian Currencies Technicals
Last week’s repeated attempts to head higher remained capped ahead of the 38.2% Fibo and Jan monthly high with the pair ending the week marginally above the rising daily channel base ($0.8953).
Weekly Economic & Financial Commentary
U.S. Review Weather Effects Continue to Influence Economic Data Housing starts plunged 16 percent in January to an 880,000-unit pace. Building permit activity also declined for the month but not as sharply.
Daily Technical Report
Trying to bounce near the support at 1.3692. EUR/USD has recently weakened. However, it remains supported by its rising channel
The Global Macro Pulse
FX market was relatively quiet with no notable data releases in Asia time. The EUR was unchanged at 1.3717, while USDJPY edged only marginally higher to 102.51.
UBS Morning Adviser
US households cranking up the credit A steady stream of US data disappointments over the past 7 weeks has not been kind to the US dollar.