Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: The dollar is weighing in on the euro
EUR USD (1.2285) The euro’s current weak position seems to be largely attributed to the disappointment from the EU summit and higher Spanish yields.
Technical Analysis
Yesterday basically became a day of consolidation so really no changes to our expressed views only a one day delay. EURUSD minor bear flag created look for a downside break of 1.2272 to trigger, AUDUSD mid body test, 1.0145, coming up,
Asian Currencies Technicals
AUD/USD: Bouncing from lows for now. The pair has bounced from the June 29 hourly support but needs to close above $1.0242 to see focus return to tests of the July 5 highs.
Behavioral Finance: Daily Forex Outlook: Grim resignation over US jobs
EUR USD (1.2290) Although it is common to talk about investor disappointment with the US payroll data, the latest figure was the closest to the consensus forecast so far this year.
Decision time for AUDUSD
The recent AUDUSD rally was of sufficient magnitude to throw the bears off course for a while. But the action late last week puts the short term bullish case in doubt as this looks like a pivotal week.
Technical Analysis
EUR weakness continues and EUR/USD posted the biggest weekly loser since Sept 2011, falling straight through its correction range, Spanish 10y Bono shortly violated its 7.02% key support = confirmation of new trend highs,
Asia today: Inflation benign in China; A cue for more easing?
With the aftermath of Friday’s US non-farm payroll report resulting in a definite risk-off sentiment, risk currencies took another dip lower at the start of trading in Asia, but failed to dramatically follow through.
Asian Currencies Technicals
AUD/USD: Starting the week looking heavy. The AUD risks taking out the $1.0158 support that we noted as pivotal last week with a break lower seeing focus shift to tests of the 21 day lower Bollinger band and then the 2012 lows beneath.
Behavioral Finance: Daily Forex Outlook: Self-defeating policy change
EUR USD (1.2380) Yesterday’s ECB rate decision kick-started the euro’s latest sell-off. Although the policy shifts were small, respectively, 25bp off the main policy rate and the deposit rate, they nonetheless overstepped market expectations; the average forecasts were for 10bp or 15bp changes.
Daily FX Technical Strategy: Spotlight stays on the euro
The release of US non-farm payrolls this afternoon is likely to be the primary focus of the FX markets today but it is the weakness of the euro that continues to hold our attention.
Asian Currencies Technicals
AUD/USD: Struggles to hold above $1.0300. The AUD continues to struggle to hold above the $1.0300 level and a close above is needed to retain the overall focus on tests of the April monthly highs.
Behavioral Finance: Daily Forex Outlook: Late positioning in sterling ahead of BoE decision
EUR USD (1.2530) Ahead of the ECB meeting and likely BoE announcement on easing, investors are still debating the outcomes of the EU summit.