Tag Archives: AUD/USD
Daily FX Wrap and Strategy
The NZD/USD sits at a similar level as yesterday morning, at 0.8250, having traded above 0.8280 overnight. Yesterday’s Half Year Economic and Fiscal Update confirmed the NZ fiscal accounts are on a solid footing.
Daily FX Update
Markets, including FX, are relatively quiet leadinginto tomorrow’s Fed decision, where the focus will be on tapering, thetone and the economic forecasts.
Daily Technical Report
EUR/USD remains well supported as can beseen by the bounce from the low at 1.3709. Anhourly resistance stands at 1.3811 (11/12/2013high). Supports now stand at 1.3709 and 1.3621.
The Global Macro Pulse
The USD weakened marginally against majors. EUR edged higher to 1.3770, USDJPY traded down to 102.95, while AUD stayed in a tight range of 0.893 to 0.896. NZD strengthened steadily to 0.829,
UBS Morning Adviser
Stagnation Already Secular? As we head into this year’s final FOMC, we should not forget that the Fed’s forward guidance,
RBA Board Minutes – December 2013
The RBA Board minutes contained little new insights into the RBA’s perception of domestic and global conditions. Thecentral bank’s easing bias remains intact and they are ready to cut the cash rate further “should that be appropriate”.
AUD/USD Analysis
Quiet session in thin trading despite some major events throughout the day. The AUD shorts had no extra joy from the RBA Minutes (virtually unchanged) nor Guy Debelle’s comments (he stuck to the effects of Basel III),
Daily FX Wrap and Strategy
The NZD/USD has traded to either side of 0.8250 and 0.8280 over the past 24-hours, trading around 0.8250 at present. Yesterday’s BNZ Performance of Services index confirmeda positive trend heading into Christmas.
US Morning Update
USDCAD price action was very muted during the first-half of the London session. With little in the way of key Canadian data today, we expect this to remain the case for at least the 1H of the North American session.
Daily Technical Report
EUR/USD continues to consolidate close to therecent 1.3832 high. Strong resistance isexpected close to current levels. However, if abreak over 1.3832 can be achieved this wouldopen up a return to the 1.4000 region.
FX Daily Majors
Today’s highlights: * AUDUSD spotlight turns to the year’s lows at .8892/48. We allow for an initial hold here, but look for an eventual break lower to .8675.
The Global Macro Pulse
The US Treasury 10y yield fell 2.6bp on the Asian open to 2.838%. This helped push EURUSD higher to 1.3760, and USDJPY lower to 102.80. NZD also edged higher to 0.824 while AUD was largely stable at 0.896,