Tag Archives: AUD/USD
Australia Viewpoint: Broad-based weakness after the boom – NEW AUD forecast
The Q3 GDP report emphasises that the domestic economy remains weak ahead of a sharp decline in mining investment.
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. Yesterday’s strength has not been ableto move higher than the resistance at 1.3622,posting a potential lower high.
UBS Morning Adviser
Norges Conundrum As our economists put it, the RBA’s decision this week was ‘boring’, and they may not be the only central bank in this category this week.
AUD/USD Analysis
The pair opened at $0.9137 after an overnight low of $0.9108 in the US. Early trades saw the pair hold within the $0.9050 to $0.9180 recent range,
GDP – QIII 2013: initial views
Real GDP rose by 0.6% in QIII. It matches the pattern of recent quarters and was a touch lower than the consensusexpectation which centred on a rise of 0.7%, (CBA (f): 0.8%).
Daily FX Wrap and Strategy
The NZD/USD has strengthened over the past 24-hours to sit just below 0.8260 currently. Yesterday’s ANZ commodity price index showed that NZ commodity prices remain elevated.
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. A break of the support at 1.3490 (seealso the rising trendline) is needed to confirm aresumption of the selling pressures.
Australian capital flow picture still supportive
Australia’s Q3 balance of payments data showed a modest deterioration in the balance of payments picture, with a further widening in the current account deficit.
FX Daily Majors
Today’s highlights: * EURUSD has been capped by the 1.3627 61.8% retracement of the October/November barrier.
The Global Macro Pulse
The dollar was stable against the EUR in Asia at 1.3536, but has rallied against most other currencies. AUDUSD has fallen to 0.9067 and USDJPY has risen to 103.34.
UBS Morning Adviser
Currency Rebalancing Games Out of the AAA central banks, Norges, the RBA and BoC all meet this week.
GDP Preview – QIII 2013
The run of QIII data releases is approaching a peak, with the GDP data due tomorrow. Based on the data flow to date, weexpect real QIII GDP growth to print at 0.8% in the quarter.