Tag Archives: AUD/USD
A monthly run through the long-term charts
What’ up (or down) with vol? A clear trend has been lower implied EUR/USD vol ever since a Q3’11 high (with an interim bounce during spring this year when overall risk appetite became sour).
FX Daily Majors
Today’s highlights: – EURUSD: Failure ahead of the 1.3140/72 resistance zone occurs as expected, with a corrective phase commencing for back to 1.2972/49 support initially.
EURUSD headed for 1.3000 test post-ECB?
ECB on tap – no rate cut expected, but could we see a set up meeting for a rate cut down the road? Also, the US employment report could move market more than recent reports if it proves a surprise to consensus.
AUD/USD Analysis
The Australian dollar was a main mover through an otherwise lackluster Asian session Thursday, driven higher by better-than-expected jobs data.
Asian Currencies Technicals
AUD/USD: Struggling To Take Out $1.0480-00 Region. The AUD/USD continues to pause ahead of the 21 day upper Bollinger band with numerous daily highs noted just ahead and daily tech studies correcting from moderately overbought levels.
Daily Market Fundamental Levels
EUR/USD $1.3200 Strong offers on approach ($1.28-1.32 DNT structures)
FX Daily Majors
Today’s highlights: – USDJPY: Gaining traction ahead of the 81.64 chart support level. Some overshoot still a possibility, however, we expect the market to eventually target 84.19.
FX Daily Strategist: Europe
– AUDUSD to retain its upside bias Australia GDP rose by a modest 0.5% QoQ in Q3, slightly below the forecast an unchanged forecast of 0.6%. On an annualised pace, growth was in line with expectations at 3.1%, easing from 3.7% in Q2.
Asia FX Market Analysis
Major FX pairs were stuck in narrow ranges through a subdued Asian session Wednesday, and not even the release of Australian third quarter GDP data could rouse the market from its slumber, ahead of some key events this week.
Daily Market Fundamental Levels
EUR/USD: $1.3172 High Sep17/Strong offers $1.3170/80 $1.3140/60 Strong offers ($1.3140 Oct17 high)
FX Daily Majors
Today’s highlights: – GBPUSD: Upward trendline supports the market and results in a bullish trendline break through 1.6072. We remain cautious ahead of the 1.6176/82 resistance zone.