Tag Archives: AUD/USD
AUDUSD – change in trend underway as a-b-c correction completes
Aussie satisfied our call for a sharp wave-c impulse higher. This rally completed an a-b-c correction and sets the stage for a resumption of the late ‘13 downtrend.
Daily FX Update
Soft employment in Australia, rumours of rising defaultrisk on two Chinese shadow banking products, and ongoing economicuncertainty have markets favouring risk aversion today.
Daily Technical Report
EUR/USD significantly weakened yesterday,suggesting a pickup in selling pressures. A breakof the hourly support at 1.3552 would open theway for a further decline towards the support at1.3477.
Risk of soft Riksbank and annual address by Governor Olsen in Norway
Today attention turns to Scandinavia with the Riksbank meeting as the main event. Our view is that rates and the rate path will be kept more or less unchanged.
FX Daily Majors
Today’s highlights: EURGBP’s collapse from the .8351/66 barrier keeps us bearish and turns attention back to key support at .8165/55.
The Global Macro Pulse
In FX, AUDUSD was the main mover, dropping about 1% to 0.894 in response to weaker-than-expected employment data. EURUSD recouped some of its overnight losses to rise to 1.3615 while USDJPY fell
UBS Morning Adviser
The times are changing For much of the past 3 years, it made sense to play the unfolding Australian macro story through the rates space.
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.
AUD/USD Analysis
The Ausssie was in the spotlight again today as it reversed almost all of the gains seen since this week’s strong Chinese trade numbers. Aussie-dollar started in Asia at $0.9029 after peaking at $0.9067 on Wednesday,
US Morning Update
Conditions during the London morning were once again supportive of ‘risk’, following Yellen yesterday and surprisingly good Chinese data overnight.
Daily Technical Report
EUR/USD weakened yesterday close to theresistance at 1.3685 (50% retracement), makingan intraday bearish reversal. A break of thehourly support at 1.3609 would negate the shorttermpositive structure.
FX Daily Majors
Today’s highlights: AUDUSD spotlight turns to important resistance at .9078/87, a break above which would see a base.