Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: A different kind of euro sell-off
EUR USD (1.2555) The general grumble among investors yesterday was that the scale of global economic deterioration was continuing to outpace that of the policy responses.
Technical Analysis (Short Cycle Report): Gold rolling over
Gold is in the early stages of its next big wave down. As long as USD1,641 continues to hold as resistance the probabilities that the crucial USD1,522 support is broken remain high. Cable looks particularly vulnerable to losses, stock markets are cycling lower and the 10-year Bund yield is at a strong resistance zone.
AUD/USD Analysis
AUD/USD opened the Asian session Friday around $1.0032, with prices in consolidation mode after yesterday’s steep declines. The rate has been observed in a narrow range so far this morning of $1.0032/65 after some large model fund selling was seen late yesterday in addition to some macro names.
Asian Currencies Technicals
AUD/USD: Sharp rejection from topside failure. Failure at the $1.0226 key resistance level combined with o/b daily tech studies has seen initial focus shift to tests of the $0.9904-22 region and then 2012 lows ($0.9584) below.
Behavioral Finance: Daily Forex Outlook: Is the Fed vying for unorthodox measures?
EUR USD (1.2675) Irrespective of the ultimate impact of the measure, it was crucial for the Fed to extend Operation Twist to enjoy the continued confidence of the markets.
Technical Analysis
Commodities falling sharply, OIL falling through its trapdoor (ending the week here and we will be looking for the mid 70’s). Accordingly commodity ccy’s should suffer so watch out for AUD selling (not to mention russian equities, that’s a head and shoulders top!).
AUD/USD Analysis
AUD/USD opened in Asian Thursday around $1.0195 and has been observed in a range of $1.0150/$1.0205 so far. Price action was on the choppy side early on with the pair trading up to session highs of $1.0205 as the market digested the Fed’s decision to extend operation twist.
Behavioral Finance: Daily Forex Outlook: Reversal of transfers sought in the eurozone
EUR USD (1.2675) Reports suggesting that the Italian PM has floated the idea of using the EFSF to purchase the peripheral bonds were followed quickly by those suggesting Germany’s non-committal approach to the idea.
Technical Analysis
Mr. Riskoff stands in the wings – with QE hopes lingering… EUR/USD Bearish candle neutralized… AUD/USD Momentous correction… EUR/SEK Same old range… USD/SEK Was refused a lift… EUR/NOK Could possibly stretch for ~7.57… USD/NOK Still on top of support… USD/JPY 79.15 a must watch.
FX Market Technical Research
EUR/USD: Daily Studies Stalling The euro sees the recent positive daily studies stalling ahead of overbought territory as the market fails to extend the $1.2748. Bulls remain focused on extending that high past the $1.2786 Fibonacci level, while bears want to turn attention back to the $1.2533 21-day moving average. Initial support comes from the […]
AUD/USD Analysis
AUD/USD opened in Asia Wednesday around $1.0189 and has been seen in a moderate range of $1.0167/93 so far this morning, with the pair currently trading $1.0181 down 7 pips from the NY close.
FX Market Summary
The euro rebounded as an ongoing summit of world leaders drove rising expectations of more coordinated efforts to provide support for Europe’s ailing economies.