Tag Archives: AUD/USD

RBA on hold in November – AUD in focus

Melbourne Cup day has been a popular choice for cash rate changes. Rates were changed on six out of the past sevenNovembers. But no commentator was expecting a move today and

Daily FX Wrap and Strategy

The NZD sits a little higher at 0.8280 this morning. Yesterday’s ANZ commodity price index showed world prices for NZ’s main primary export products rose 1.3% in October.

Asian Currencies Technicals

AUD/USD continues to bounce from ahead of the $0.9390 Oct 4 low with the 21-DMA remaining initial resistance. A close back above the 21-DMA remains needed to

Daily FX Update

USD LIKELY TO END WEEK ON STRONGER NOTE * USD is broadly weaker; retracing broad strength on the hawkish Fed Fisher. We expect it to rally before week’s end.

FX Daily Majors

Today’s highlights: * EURUSD has extended its collapse to pivotal support at 1.3473/21, which we look to hold for now. Failure would mark a more important top.

UBS Morning Adviser

AUD: Immediate Outlook Benign RBA Governor Stevens made full use of last week’s speech to talk down the Australian dollar,

Aussie was one of the key FX movers this morning, after it started the day at $0.9445. It marked early gains as the market reacted to a strong reading of China’s CFLP services PMI released at the weekend.

Retail Trade – September 2013

Retail trade rose by a robust 0.8% in September, well above market expectations which centred on a rise of 0.4% {CBA (f)+0.3%}. It was the largest monthly rise since February’s 1.2% result.

Australian Markets Weekly – Housing recovery showing more traction

We pointed out last week that inflation in Q3 remained moderate and low enough to keep the door open for another easing, if need be.

Asian Currencies Technicals

After remaining capped at the 21-DMA on Thursday, the AUD/USD put in lower lows and highs to end the week as the pair heads towards initial support at the $0.9390 low from Oct 4.

FX Viewpoint: give EUR a break!

Deflation! Japan! Doom! – the headlines last week when the euro area inflation fell below 1%. Mind you, this is not the euro area specific issue: disinflation is what has held Fed from tapering too.

Weekly Economic & Financial Commentary

U.S. Review Economic Data Releases Largely Weaker than Expected