Tag Archives: AUD/USD
Daily FX Update
CAD: CORRELATION WITH INTEREST RATES BREAKSDOWN • USD is mixed with European FX outperforming. • CAD is flat after a maintenance BoC statement; the correlation between CAD & interest rates has broken down; spot tests range.
US Morning Update
Major overnight headlines: • Nikkei slumps more than 5.0% as JPY strengthens, 10-year JGB yield lower on the day though • BoJ says long-term JGB purchases in June to total around 7.0 trillion, but amount can be adjusted, Thomson Reuters
FX Daily Majors
Today’s highlights: • NZDUSD stays capped beneath the .8215 price barrier leaving our bias still bearish for .7923/14 next.
FX Morning Rundown
Following the soft close for the US (S&P ?0.7%), Asian equities are trading lower across the board, with the Nikkei leading the moves (-5.15%).
The Global Macro Pulse
Overnight Price Action Asian stocks were mixed, with the Nikkei and Kospi up 1.2% and 0.6% respectively and the HSI slipping 0.2%.
Stronger JPY underway, NOK/SEK seen lower
EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break).
UBS Morning Adviser
Capex Comforts Australian Dollar We remain cautious on the Australian dollar given the risk the Reserve Bank of Australia will cut interest rates again from 2.75% this year.
Asian Currencies Technicals
AUD/USD: The pair traded down to the lowest level since Oct 2011 yesterday, taking out stops below the 2012 low before bouncing.
AUDUSD – the inevitable correction has begun
The Australian dollar is perhaps the most extremely overvalued currency of all the majors. Measured on relative prices (purchasing power parity or PPP),
Riksbank has to consider a 50bp cut
• Negative on risk sentiment • Still bullish on EUR/SEK • We remain bearish on EUR/USD, but note rising risks
The Global Macro Pulse
Overnight Price Action Dollar strength has been the main theme in Asian trading. Equity markets are up almost across the board following the 0.6% rise in the S&P,
FX Daily Majors
Today’s highlights: • AUDUSD has fallen sharply again and below .9585/75 should see the bear trend directly extend for .9407/.9388.