Tag Archives: AUD/USD
Will Bernanke deliver on this market’s expectations?
This market is ready to twist in shout ahead of tomorrow’s FOMC meeting and anticipation of the extension of the Fed’s easing. Tomorrow may set the tone for some time to come.
Technical Analysis (Short Cycle Report): Hope is fading fast
Yet another reversal day on supposed “good news” is more technical analysis evidence that hope is fading and the “risk off” wave is about to accelerate. Bearish engulfing / outside days in EUR-USD, Euro Stoxx and the 10-year Bund yield suggest imminent moves down. Gold is at an important pivot point.
AUDUSD nearing key pivot ahead of FOMC
AUDUSD has bulled higher into a key resistance zone ahead of tomrrow’s FOMC meeting – it’s time for the USD to pivot back to strength very soon or we’re back in technical limbo again.
Technical Analysis
Key-day reversals were yesterday printed in many major markets, indicating that the post Greek election fast faded. EURUSD & Co. ought to build up renewed downside (USD bullish) momentum, perhaps with the aussie being a tad more resilient as it looks like AUDUSD must test 1.0170\1.0250 before turning south again.
Behavioral Finance: Daily Forex Outlook : Post-election EU policy response in focus
EUR USD (1.2700) Sunday initially saw the euro dropping below $1.26 when exit polls in Greece showed anti-bailout Left radicals running neck-to-neck with pro-bailout parties.
AUD/USD Analysis
AUD/USD opened in Asia Monday around $1.0110 and has been subject to a trading range of $1.0091/$1.0135 so far. A win for the New Democratic/Pasok coalition in Sunday’s Greek elections has seen a cautious risk-on theme develop in Asia,
AUD/USD Analysis
AUD/USD opened the Asian session at around $1.0025 and has been seen in a narrow range between $0.9994 and $1.0030 so far this morning. Trading has been on a subdued level as Asian markets tread water ahead of this weekend’s Greek elections.
Technical Analysis: Short Cycle Report: Oh dear Gold
Gold sports a potentially bearish wave structure that could see the crucial USD1,522 support level broken. The 10-year Bund yield has strong resistance at 1.64%, the USD is marking time before another leg higher and stock markets are on the cusp of another wave down.
Behavioral Finance: Daily Forex Outlook: EU policymaking at a crossroads
EUR USD (1.2575) The auction that saw Italy paying dearly for one-year borrowing reflects investors’ fears that the queue for bailouts and rescues is about to get longer.
AUD/USD Analysis
AUD/USD opened the Asian session on Thursday at $0.9931 and has been seen in a tight range of $0.9930/66 so far this morning. Trading has been light with Asian markets in consolidation mode ahead of this weekend’s Greek elections.
Behavioral Finance: Daily Forex Outlook: The German bund as a proxy eurobond
EUR USD (1.2485) Although yesterday saw Spanish bond yields increase to an unsettling 6.8 percent, it was the moderate increase in German bund yields that garnered attention.
Behavioral Finance: Daily Forex Outlook: Central banks await impulse from policy-makers
EUR USD (1.2525) During his testimony before the Congress Ben Bernanke stopped short of signalling an outright QE3, although he indicated Fed’s intention to act if eurozone deteriorates. In a similar fashion Mario Draghi too refrained from implementing a cut.