Tag Archives: AUD/USD
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.
AUD/USD Analysis
Opened around $1.0275 in early dealings with volumes seen light following the US Independence day holiday. Trade contained in a tight range before jumping to $1.0285 on release of marginally better than expected May Trade balance data.
Asian Currencies Technicals
AUD/USD: Tests upper 21 day Bollinger band. The AUD is starting to look a little tired and is risking a pullback to the key support noted at $1.0158.
Behavioral Finance: Daily Forex Outlook: IMF unlikely to steer a change of policy
EUR USD (1.2585) Against the backdrop of manufacturing contraction in 21 out of 29 global PMI’s, the IMF’s Lagarde yesterday highlighted the dangers of growth-threatening fiscal and monetary policy.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.
Asia FX Rundown
News and markets It’s Independence Day in the US and the markets are quiet. We’re a bit thin on news as well. The main talk has been of the banks: Bob Diamond faces a grilling by the Treasury select committee today and everyone wants to know if (or how badly) he’s going to swipe at […]
Asian Currencies Technicals
AUD/USD: Closes above key moving averages. The pair has closed above both 100 and 200 day moving averages with focus firmly on the April monthly highs.
Behavioral Finance: Daily Forex Outlook: ISM alone may not persuade Fed to ease
EUR USD (1.2605) Yesterday saw Finland and the Netherlands voicing reluctance to idea of allowing the ESM to buy the debt of peripheral states in the secondary market.
Daily FX Technical Strategy: SEK on the launchpad
In the run up to the Independence Day holiday in the US, FX trading is likely to become increasingly choppy and listless. One bright spot though could be the Swedish Krona, which is on the cusp of delivering a series of major bullish signals.
AUD/USD Analysis
The AUD is higher Tuesday, helped by stronger than expected domestic data, an unchanged policy decision from the RBA and a continuation of the global risk-on trade.
Asia today: No change from RBA; statement neutral
The RBA kept rates unchanged at 3.5 percent Tuesday and the accompanying statement was as neutral as neutral could be. Policy is appropriate, no change in inflation outlook and consistent with target.
Asian Currencies Technicals
AUD/USD: Consolidates Fridays move higher. The AUD now sees initial support at yesterday’s low of $1.0212 but back below the 2nd layer of support at $1.0158 is needed to shift the immediate focus away from a continuation higher that sees the April monthly highs targeted.