Tag Archives: AUD/USD
Asian Currencies Technicals
AUD/USD: Pauses ahead of key resistance. The AUD/USD put in an inside day to end the week last week and opens below initial support to start the new week.
Daily FX Technical Strategy: Pushing the boundaries
As we move deeper into the summer holiday doldrums, the major FX markets are drifting within clearly defined ranges. However, things are slowly coming to a head.
Behavioral Finance: Daily Forex Outlook: The highest hurdle for Fed QE3
EUR USD (1.2260) A collection of disappointing US data releases caused the dollar to weaken moderately yesterday. The headliner was the Philly Fed survey, which was not only belowconsensus, but also recorded its third consecutive negative reading.
Asian Currencies Technicals
AUD/USD: Move higher continues. Fresh 2-mth highs continue as the AUD/USD heads towards the initial target at $1.0474. Back below the 200 day MA is needed to shift focus lower once more and while we remain above overall focus shifts to tests of the 2012 highs.
Behavioral Finance: Daily Forex Outlook: ‘Fiscal cliff’ is Bernanke’s definition of deterioration
EUR USD (1.2290) The impact of the looming ‘fiscal cliff’ in the US has been a common theme of market discussions in recent weeks. That the expiration of the Bush-era would be a drag on an already weak economy is clear; many observers fear an outright recession.
Technical Analysis
Commodity FXers (AUD, NZD & CAD) are standout winners together with SEK and a little surprisingly also JPY… The latter has violated a 78.61 “B-wave low” which suggests extension to/below 77.65
Asian Currencies Technicals
AUD/USD: Focus now on April monthly highs. Break to fresh 2-mth highs o/n saw the pair pause at the 61.8% Fibonacci retracement of the move from 2012 highs to 2012 lows.
Behavioral Finance: Daily Forex Outlook: Bernanke has something for everybody
EUR USD (1.2280) Yesterday’s Bernanke testimony seemed to have been sufficiently general for all Fed-watchers to read what they wanted into it.
Asian Currencies Technicals
AUD/USD: Very bullish NY close. The pair ended the overnight session on a bullish note and just below the July 5 highs with stops noted above.
Behavioral Finance: Daily Forex Outlook: Burden shared between the present and the future
EUR USD (1.2290) The USD-index is pursuing its retreat from last week’s year-high. The correction resumed yesterday after the publication of disappointing US retail sales data.
Technical Analysis
No big changes from yesterday… USD sellers respond to intraday rallies so the correctional theme may linger for some time yet… Best using this opportunity seems to be the pound and the aussie which holds tests of 1.5723 & 1.0330 (1.0475) possible…
Behavioral Finance: Daily Forex Outlook: BoE unblocks the credit plumbing
EUR USD (1.2240) On Friday, the USD-index retreated smartly from the year-high achieved one day earlier. Indeed, in the space of just one hour it covered the entire ground from the day’s high to the day’s low – and this without any obvious catalyst.