Tag Archives: AUD/USD
FX Weekly: EUR Still Set to Slide
Summary G10 Themes: Sell EURJPY: An Outlier Among EUR Crosses EUR crosses face downside risks from structural factors and potential ECB easing expectations. EURJPY, in particular, looks vulnerable, having been propped up by JPY short positioning ahead of the end-April BoJ meeting. We are selling spot, positioning for a 3% move lower. We also like […]
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: Plunge from trend barriers (1.3275/3300) through trend/chart supports (1.3200/1.3157) aims for 1.3058. * NZDUSD: Break of chart/200-DMA support, to prod key .8059/50 foundations and signal a bigger top and more bearish outlook into Q2 towards .7920 and .7790 retrace targets.
Behavioral Finance: Daily Forex Outlook: PMI data should not have been a surprise
EUR USD (1.3145) The euro reacted to a worse-than-expected Italian manufacturing PMI (43.8) number yesterday and plunged. While the number was certainly poor, what triggered the sharp reaction in the euro was that it was perceived as a surprise.
AUD/USD Analysis
AUD/USD has been in decline during the Asian session with the market once again testing the low posted yesterday around $1.0285. Prices advanced back up to $1.0338 late on after the U.S. close, but the rate has once again been under pressure during Asian trading hours.
Americas FX Daily – Weak European PMI weigh on sentimen
Weak European PMI weigh on sentiment What happened overnight – Italian and Spanish PMI deteriorate in April, driving euro area PMI lower – Norway PMI falls 4 points, Swedish PMI moves sideways – Swiss PMI declines back below 50, lowest since November 2011
Behavioral Finance: Daily Forex Outlook : Eurozone-US cleft fails to unsettle the euro
EUR USD (1.3225) It is hard to ignore the positive tone of the recent US data – the headline ISM data was strongest in 10 months, the Fed Senior Loan Officer Survey revealed that US banks saw increased demand for lending in Q1 (although eurozone branches of these banks did not show the trend) and […]
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: “Inside/outside” pattern caution this week reflects reluctance to overcome trend barriers, now 1.3280/3305. Risk now through trend and chart support (1.3200, 1.3157) towards 1.3058.
Technical Analysis
Aussie likely testing <1.0250 again… EUR/USD Watch 1.3204\1.3284 for clues… USD/JPY Some response at key support… AUD/USD Likely closing in on 1.0247… EUR/SEK Small near-term downside tilt… USD/SEK Weak short-term directionals… EUR/NOK Hesitation at high end of “Flag”… NOK/SEK Contracting range.
AUD/USD Analysis
The AUD is trading off of their worst levels Wednesday, buoyed by improving Chinese and U.S. manufacturing data and a sharp rally on Wall Street. The rate managed to hold above $1.0300 yesterday, after the RBA surprised markets by lowering its key rate 50bps to 3.75%.
Currencies in a holding pattern; China’s “other” PMI contracts
Having seen the mildly bullish official China manufacturing PMI data yesterday, it was the turn of the HSBC equivalent today. A similar trend was displayed with the index rising to 49.3 in April compared to 48.3 in March (official PMI was 53.3).
AUD/USD Analysis
Aussie dollar is trading in deep negative territory at $1.0328 near session lows Tuesday, after the RBA cut the cash rate 50bps, bigger than the majority of the market had anticipated.
Behavioral Finance: Daily Forex Outlook: Growth has yet to trump austerity
EUR USD (1.3250) A closer look at the latest soft US GDP data reveals that although consumer spending rose 2.9 percent, the fastest pace in five quarters, it was not accompanied by a parallel growth in public spending.