Tag Archives: AUD/USD
Technical Analysis
JPY strength. AUD downside turn? US bond yield up… EUR/USD Ended the week above 1.3227… USD/JPY Exited the 55d ma band… AUD/USD Rise looks corrective… EUR/SEK Next resistance violated… USD/SEK Failed breaking 6.75/76… EUR/NOK Soon to exit the bull flag.
AUD/USD Analysis
AUD/USD is currently seen trading $1.0452 ahead of the European opening, as the rate recovers some early declines seen during Asian trading hours. The pair started the week opening around $1.0457 before dipping down to $1.0436 within the first two hours of the session.
Behavioral Finance: Daily Forex Outlook: Chorus for growth is not in harmony
EUR USD (1.3200) A two-notch S&P downgrade with a negative outlook for Spain has come as a result of the risks to the country’s budgetary performance from shrinking economic growth. This downgrade seems to support a recent wave of opinion against austerity.
Behavioral Finance: Daily Forex Outlook: The growth gap gets a voice
EUR USD (1.3225) French presidential candidate Hollande’s suggestions for boosting growth include the issue of infrastructurerelated eurobonds, the mobilisation of existing structural funds and a financial transaction tax.
FX Daily Strategist: Europe
FOMC commentary challenges view of ‘More Twist in June’….. Treasuries initially sold off and the dollar drew support from the FOMC post meeting statement. These moves were subsequently reversed after Mr Bernanke made clear in the post-meeting press conference that ‘We remain prepared to do more’.
Behavioral Finance: Daily Forex Outlook: The austerity dilemma
EUR USD (1.3195) The successful Dutch government bond sale managed to offset the negative sentiment that the political upheaval in Netherlands triggered in the market. Nevertheless the collapse of the Dutch government bought into forefront the challenges of trying to implement austerity programmes, not just in the periphery but in the AAA-rated core economies too.
AUD/USD Analysis
Opened in Sydney around $1.0292 and headed sharply higher following the strong Apple earnings to highs of $1.0339 in thin trading as Australia and NZ respect the ANZAC annual holiday. The move also buoyed AUD/JPY which hoisted the cross back through Y84.00 to Y84.24 despite a lack of Japanese fixing demand.
Behavioral Finance: Daily Forex Outlook: The euro’s puzzling resilience
EUR USD (1.3150) Since weeks the euro is wedged in a narrow range closer to the year-high than the year-low. This trend did not alter yesterday even though the political risk in the eurozone leapt back into the market focus.
FX Market Technical Research
EUR/USD has again failed to maintain a minor break of the 55 day ma and sold off back into its range. Directly overhead sit the 1.3305/20 downtrends, and these continue to effectively block the topside. These are the 5 month downtrend and the 8 month channel.
AUD/USD Analysis
Opened in Asia at $1.0319 and after edging up to around $1.0325 came under pressure on cross sales out of Tokyo in the AUD/JPY. The move was then accelerated by the release of very poor CPI data which rose by just +0.1% in Q1 against expectations of a rise of 05-0.8%.
Behavioral Finance: Daily Forex Outlook: The IMF money is conditional
EUR USD (1.3145) The IMF has received an extra $430 billion in resources after a lengthy bout of lobbying. A brief look at the news reports on the issue leaves one with an impression that should the eurozone deteriorate and policymakers actually delve into IMF funds it would not be without hefty discussions about the […]
Technical Analysis – FX Daily Majors
Today’s highlights: GBPUSD: Soaring through our target area at 1.6064/90, to now eye the Q4 2011 peak, 1.6167, which we look to cap near term. But mid-Q2 risk is higher to our 1.6350 retrace target.