Tag Archives: AUD/USD

Daily FX Update

Risk aversion has been dampened, equities are strong, the U.S. 10year is stable at 2.29% and the USD is soft.

EUR/USD: had a short squeeze at the Europe open and went as high as 1.2490 on dollar selling across the board.

EUR/USD has rebounded after having posted2-year lows.

Today’s highlights: USDJPY is expected to retrace lower prior to the uptrend resuming,

The USD weakened slightly. USDJPY dipped to 114.09, EURUSD edged higher to 1.2486 and

EURUSD: As per Tue, specs added more to net euro shorts (& added to aggregated net dollar longs).

The pair started this morning at $0.8658 right at the top of Friday’s $0.8567 to $0.8658 range seen during the US hours.

We look at the current 6.2% unemployment rate relative to its “normal” level or NAIRU.

European central banks less surprising than the BoJ. As expected, the ECB did not launch a full-scale QE and

Markets are trading in tight ranges leading into the release of U.S. nonfarm payrolls and the weekend.

Today’s highlights: DXY $ Index maintains its strong rally and

EUR/USD has broken the hourly support at1.2440 (03/11/2014 low), confirming persistentselling pressures.