Tag Archives: AUD/USD
AUD/USD Analysis
AUD/USD has advanced in Asian trade Monday, as a risk short-covering rally across Asia has seen the rate outperform its peers. AUD opened the session around $0.9770 and has rallied to $0.9863 after weekend opinion polls in Greece showed pro-bailout party New Democracy gained maximum votes.
Behavioral Finance: Daily Forex Outlook : Swiss intervention is a viscous circle
EUR USD (1.2525) A mid-session upward spike in the EUR/CHF rate yesterday brought traders quickly to the conclusion that the SNB was reasserting its determination to cap the strength of its domestic currency.
Daily FX Technical Strategy: CHF bursts into life
The long weekend in the US could keep trading subdued today, however that doesn’t make it devoid of interest. EUR/CHF has been one of the quietest markets this year but yesterday burst into life with volumes spiking as price spiked higher.
FX Market Technical Research
EUR/USD has charted a minor new low for the year, this has not been confirmed by the daily RSI and the market has not closed below the 1.2530 78.6% retracement of the move from 2010 to 2011, this suggests caution here.
AUD/USD Analysis
AUD/USD opened the Asian session around $0.9762, after picking up from lows of around $0.9717 amid another late move higher in the last hour on Wall Street. With the absence of any data, prices have been mainly influenced by Asian stock prices.
Behavioral Finance: Daily Forex Outlook: Opinions on eurobonds need to be known
EUR USD (1.2575) The euro was roiled yesterday on unconfirmed reports that eurozone governments are preparing contingency plans for an exit of a country from the bloc. It would be puzzling if officials thought it necessary to make it explicit given the obvious risks.
Daily FX Technical Strategy: Increasing despondency
As the eurozone problems rumble on, investor despondency appears to be growing. Yesterday, EUR/USD fell to a new 2012 low; further weakness beyond 1.25 over the rest of May would pave the way for a run at 1.19 later in the year. This is having an extreme impact on commodity prices with the broad based […]
FX Market Technical Research
EUR/USD has charted a minor new low for the year, but before we jump whole heartedly on the bear wagon we would highlight the 1.2530 78.6% retracement of the move from 2010 to 2011. We will need to see a close below here to confirm the next leg lower is underway.
Behavioral Finance: Daily Forex Outlook: The path to eurobonds
EUR USD (1.2670) Germany’s ability to sell a zero coupon bond is as much a product of its fiscal strength as it is of the external crisis. It is not surprising therefore that core countries are still opposing eurobonds on the grounds that they should be preceded by rules for stricter fiscal governance or include […]
Daily FX Technical Strategy: Shrinking growth expectations
Yesterday Spanish 10y yields fell, suggesting a lessening in immediate eurozone tension, but it would appear that elsewhere European fears, and more specifically their potential impact on global growth, rose. Commodity and Emerging Market currencies were hit hard and point to further material weakness into the summer months. Sterling also regained some of its lustre […]
FX Market Technical Research
EUR/USD is consolidating just above the 1.2624 January low. The market has seen a very shallow rebound so far, following its key day reversal charted on Friday and continues to weigh on the downside.
Technical Analysis
The euro & aussie are back on a losing streak… EUR/USD Could also re-check 1.2870\90… EUR/GBP “Bearish Engulfing Candle”… AUD/USD Could not escape gravity… EUR/SEK Not a triangle, possibly a flag… EUR/NOK Still messy… EUR/PLN Buying is back on the fore.