Tag Archives: AUD/USD
FX Daily Strategist: Europe
– Good news on the fiscal cliff is bad news for the USD, stay long AUDUSD The USD remains sensitive to headline risk relating to the US fiscal cliff. Risk sentiment turned for the better overnight as House Speaker John Boehner said he was optimistic that the budget talks will avert the crisis “sooner rather […]
FX Focus: AUD/USD – Positioning for an RBA rate cut
– With interest rate markets pricing 18bp of cuts and analysts split between no change and a cut, the 25bp RBA rate cut that we expect next week is likely to narrow Australia-US interest rate differentials and place downward pressure on AUD/USD.
AUD/USD Analysis
The Australian dollar was slightly higher Thursday after trading in a narrow range throughout the session, even as local data showed capital expenditure in the third quarter was stronger than expected.
Asian Currencies Technicals
AUD/USD: Bounces From Ahead Of Initial Support. The pair bounced from ahead of the $1.0420 level that previously capped with focus remaining topside on retests of the Sept monthly highs.
FX Technical Volume Strategy – AUD/USD takes a turn
Overall volumes improved on Tuesday, with SEK knocking JPY off the top spot in the G10 rankings. · AUD/USD volumes rose above their 20-day average as a daily topping candle signalled a wave of selling into strength.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at long-term trendline resistance of 1.3010 suggests weakness back to 1.2868 and then the 200-day average at 1.2800.
FX Daily Strategist: Europe
– Fiscal-cliff jitters positive for the USD, but not for long FX markets are trading against a more subdued global risk backdrop with US equities closing in the red and US Treasuries trading firmer.
Asian Currencies Technicals
AUD/USD: Pair Heavy But Overall Focus Higher. The AUD/USD has managed to dip back below initial support but we will continue to look for a close below the Nov 20 low as confirmation of a break of the 21-DMA.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.3007 long-term downward trendline resistance, however, a sustained advance through here is needed to expose 1.3140/72 range highs.
Technical Analysis
Highs have been attempted in EURUSD & AUDUSD after announcement of a Greek debt deal, but price action is already dubious and refs below at 1.2930 & 1.0425 are not safe…
AUD/USD Analysis
An agreement among euro-zone countries to ease Greece’s debt burden sent the Australian dollar higher Tuesday, though analysts said the improved sentiment may not last long.