Tag Archives: AUD/USD
Daily FX Technical Strategy: A growing sense of foreboding
Investors are watching and waiting ahead of the EU summit later in the week. What movement there is in markets suggests that expectations are becoming more pessimistic.
AUD/USD Analysis
AUD/USD opened the Asian session at $1.0060 Wednesday and has spent most of the session in a narrow trading range. Prices initially slipped to session lows of $1.0041 after some Tokyo named accounts were touted to be good sellers of AUD/JPY after Asian equity markets were subject to some selling pressure early on in the […]
Asian Currencies Technicals
AUD/USD: $1.0140 the level to watch topside today. Retests of the 21 day MA and then the June 8 lows beneath currently remain favoured until the AUD can manage to close back above the $1.0140 spike low from June 20 that is expected to cap on bounces.
Behavioral Finance: Daily Forex Outlook: Market resigned to summit disappointment
EUR USD (1.2540) Cyprus has officially become the fifth country in the eurozone to ask for a bailout and investors are again demanding higher risk premiums for investing in Spanish bonds.
Daily FX Technical Strategy: Yen benefits from equity woe
Global equity markets are coming under selling pressure once more and as the outlook for risk deteriorates investors are becoming more defensive.
Asian Currencies Technicals
AUD/USD: 2012 lows now the overall focus. Break below parity to start the week fell just short of a retest of the 21 day MA with lower levels now favoured until the pair can manage a close above the $1.0077-1.0140 resistance region.
Optimists squeezed again ahead of EU summit
Today saw follow through on last Thursday’s meltdown in risk, this time with the JPY cutting a vicious swath across the major currencies. The tables have been turned in major JPY crosses.
Behavioral Finance: Daily Forex Outlook: The euro is poised for further policy inertia
EUR USD (1.2540) A €130 billion growth pact, worth one per cent of eurozone GDP, was the highlight of the Rome summit. Germany and other creditor nations, however, continue to oppose sovereign bond buying by the pan-European rescue vehicles and German officials are even massaging downwards expectations for the end-of-the-month EU summit.
Technical Analysis
Dollar back in the driver’s seat. Commodity slump… EUR/USD Bear flag exit… AUD/USD More evidence of a peak… EUR/SEK Spiked below the Jan line… USD/SEK Returning bull… EUR/NOK So far responding to support… EUR/HUF Topside focus.
AUD/USD Analysis
AUD/USD opened in Asia Monday around $1.0050 and has been seen in a range of $1.0019/55 so far this morning, with the rate currently trading $1.0035 down 29 pips from Friday’s NY close.
Asian Currencies Technicals
AUD/USD: Daily tech studies correcting lower. With the pair pausing ahead of initial support, the $0.9996 level will be key to start the week with focus now on tests of the 21 day moving average.
AUDUSD: What next after “ideal” resistance test?
AUDUSD turned tail after the FOMC meeting on Wednesday right at the final key resistance area and is now testing the “ideal” support. What’s the pair’s next move?