Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: ECB watchers have policy reversals in their sights
EUR USD (1.2135) The euro started to rise yesterday after reports suggested the ECB’s Nowotny was in favour of giving the ESM a banking license. These reports need to be treated with some caution, however.
Asian Currencies Technicals
AUD/USD: Bullish outside day reversal. A bullish outside day reversal for the AUD/USD yesterday sees immediate focus shift to further range trading within a $1.0180-1.0444 range and renewed hopes of a retest of $1.0444 July monthly high.
Behavioral Finance: Daily Forex Outlook: Few solutions for the growth problem
EUR USD (1.2075) The eurozone seemingly re-entered full crisis mode this week. Investor concerns centre not only on the rising debt costs for Spain.
Daily FX Technical Strategy – One down, more to follow?
As yields in Italy and Spain start to rise sharply the spotlight appears to be shifting onto classical “risk” indicators. Yesterday NZD/USD completed a Head and Shoulders top and over the rest of the week we are watching to see whether other indicators like the AUD/USD and S&P500 follow the NZD’s lead.
Global Technical Watch – Quick Charts
The initial bearish signs, such as the Reversal Day in AUD/JPY we noted earlier this week, are snowballing. Further JPY gains are likely across the board, especially as US 10y yields threaten trendline resistance near 1.36%.
Asian Currencies Technicals
AUD/USD: Key support holds on the first attempt. The pair dipped below the 21 day MA overnight but bouncing on its first attempt from the $1.0200-30 region identified as key support with a medium term rising daily trend line off the June 8 lows continuing to support.
Behavioral Finance: Daily Forex Outlook: Psychological warning signs
EUR USD (1.2130) Monday was a day of warnings for the eurozone and for eurozone investors. The first ‘red-light’ came from the market itself, namely the continued spike in Spanish sovereign yields beyond the level of 7.5 percent.
Daily FX Technical Strategy: A shot across the bows
The move in Spanish yields yesterday was a shot across the bows for Risk. While the prospect of contagion within the eurozone has risen with 10y Italian yields gapping higher out of range, yields outside Spain have not yet reached levels where the rise becomes self sustaining.
Global Technical Watch – Quick Charts
Increased fears are well reflected in the VIX Index, which popped higher yesterday. In line with this, even some orderly downtrends, such as EUR/AUD, posted Bullish Reversal Days.
Asian Currencies Technicals
AUD/USD: $1.0200-30 region seen as key support. The $1.0200-30 region is shaping up as key support for the AUD/USD with the 21 and 100 day MA’s and a medium term rising daily trend line off the June 8 lows all converging in this region.
Behavioral Finance: Daily Forex Outlook: Euro: the illusion of resilience
EUR USD (1.2115) Although developments in the eurozone debt crisis had become increasingly worrying throughout last week, market commentators could not help but notice the euro’s resilience.
Asia today: Greece is (again) the word; Spain a very close second
There were further damaging press headlines for the Eurozone over the weekend so the EUR started this week off on an even weaker note.