Tag Archives: AUD/USD
FX Daily Strategist: US
– Draghi delivers, EURUSD to continue its march towards 1.2800 It is clear from the market reaction following the ECB meeting yesterday that the outcome has presently surprised, even though . Stocks are continuing to trade higher (financials still outperforming), Spanish 10Y bonds have continued to rally (30bps following from 40bps yesterday).
AUDUSD not co-operating. What now?
AUDUSD could afford some consolidation after the recent run to below 1.0200, but the huge consolidation is giving bears fits. Let’s have a look at the next technical resistance levels.
Asian Currencies Technicals
AUD/USD: Oversold daily techs studies correcting. Very O/S daily tech studies have come into play with the pair bouncing back towards the 100 week MA ($1.0298) and the Ichimoku cloud top ($1.0314).
Technical Analysis
Eventful day(s) ahead. The common ccy resilient going into ECB with EURUSD looking set for yet another correctinal high, 1.2675? 1.2748?, EURJPY buyers at the low end of range threatens the upper boundary, EURGBP also failed to move lower,
Asian Currencies Technicals
AUD/USD: Fresh 6 week lows. Fresh 6 week lows for the AUD/USD with the 100 day ma taken out and chopping around the falling 21 day lower Bollinger band ($1.0192) expected to continue.
ECB unveils plans – squeezing Eur shorts again, even against CHF
The Euro squeezed higher as ECB officials communicated the ECB’s plans to buy peripheral debt. But is this as positive for the Euro as the market is trying to tell us at first blush?
FX Daily Strategist: Europe
– Favouring long EURUSD ahead of Thursday’s ECB meeting and Friday’s US employment report The rebound of the USD and pullback in the EUR is a reflection of investors remaining on the sidelines ahead of Thursday’s ECB meeting and Friday’s US payroll report in our view.
Technical Analysis
It seems that the euro is flipping back into a defensive position, at least against the dollar, yen & pound – but not so against the krona with TCW breaking higher ground and EURSEK marching into a 8.45-8.50 test…
Global Technical Watch – Quick Charts (Sep 5)
The US dollar is catching a near term bid and for this to turn broad based, we prefer to see the US dollar index above one month trendline resistance and the Asia dollar index below 115.00. Until then, the bounce is likely corrective.
Asian Currencies Technicals
AUD/USD: 100 day MA just below market. The pair pulled up just short of the 100 day MA after having taken out the 38.2% Fibo level, while daily tech studies remain very much in oversold territory.
FX Daily Strategist: Europe
– Long EUR beyond any short-term disappointment from ECB Sep 6 Markets traded in positive territory yesterday in Europe in an otherwise quiet session on anticipation of the ECB meeting on Thursday.
Technical Analysis
Focus on unfolding SEK weakness & wider 10y FRA/GER spread… EUR/USD Testing resistance again … EUR/SEK Testing overhead… AUD/USD Seems to respect support resistance… USD/SEK Should lift above the 21d EMA…