Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: The eurozone to mull more transfers
EUR USD (1.2790) The European banking system is posing challenges which make the burden of any country exiting the eurozone even more troublesome. The bad banks loans in Spain have increased to €148 billion, making it urgent for the politicians to shape a concrete policy response.
Daily FX Technical Strategy: A chance to reload
Key Day Reversals in the USD Index, EUR/USD and USD/CHF on Friday imply profit taking after the recent USD rally allowing momentum to unwind from extreme levels. The absence of evidence of divergence implies a corrective move fuelled by profit taking, which isn’t supported by CFTC stats but was a theme from our client base […]
FX Market Technical Research
EUR/USD has charted a key day reversal just ahead of the the 1.2624 January low. The rally has already met the 23.6% retracement at 1.2793, looking for this to extend to 1.2887 then 1.2963, there is scope for 1.3038 (61.8% retracement+ early February and early April lows ) but we would expect the market to […]
Behavioral Finance: Daily Forex Outlook: A lost decade?
EUR USD (1.2680) The Greek electorate’s desire to remain in the eurozone is now being reflected in the latest polls of voting intention. Parties supporting the international bailout would be able to form a coalition government according to the latest survey, but the market did not see this as positive.
AUD/USD Analysis
AUD/USD has extended its decline Friday, pressured by risk aversion and contagion from Europe’s debt problems. The pair started the Asian session around $0.9890 after sliding late in the U.S. session when the Dow Jones Industrial Average closed near the day’s lows.
Currency Weekly: EUR: Greece is shaking the decision tree
As the markets try and gauge the likelihood of a Greek exit from the euro, we present a simple hypothetical decision tree. It provides a framework for analysis of this complex problem. This is not a forecast but one way of looking at the problem for the EUR.
FX Market Technical Research
EUR/USD has sold off towards the 1.2624 January low. We would expect to see some profit taking here ahead of a renewed stab lower to the 1.20 region. We note on the 240 minute chart a loss of downside momentum and we would allow for a small corrective rebound.
AUD/USD Analysis
AUD/USD is trading modestly higher Thursday after opening the Asian session around $0.9915 and has been in a narrow range so far of $0.9911/54, with the pair currently trading $0.9949 up 36 pips.
AUD/USD Analysis
AUD/USD opened the Asian session around $0.9938 and has been in a range of $0.9907-$0.9949 pressured by risk aversion as the market jitters surrounding Greece increase. The pair remained reasonably firm early as exporters were seen entering the market covering exposures alongside a U.S. investment bank, but the pair struggled to make an impression above […]
Behavioral Finance: Daily Forex Outlook: Worst-case eurozone scenario a little less likely
EUR USD (1.2830) Several surveys of investor expectations seem to indicate that many increasingly see at least one country exiting the eurozone in the next 12 months. Of course last week’s post-election impasse in Greece is one of the factors that have caused probability estimates to tick upwards.
AUD/USD Analysis
AUD/USD opened the Asian session around $0.9958 and has been seen in a range of $0.9945 to $0.9986 so far. Some reported buying from the export sector initially saw prices firm up early on in the Asian session.
AUD dips following mildly dovish RBA minutes
The newly-released minutes of the last RBA meeting, where a surprise 50bp cut was delivered, was not a real market mover during today’s Asian session, as we have already seen the BA’s monetary policy statement in the meantime.