Tag Archives: AUD/USD
AUD/USD Analysis
Opened in Asia at $1.0380 trading down to $1.0367 before pushing up to $1.0385. Soggy equities and a much weaker than expected PPI ahead of tomorrow’s important CPI data led the pair sharply lower to $1.0326 before a stronger HSBC Flash China manufacturing PMI reading and option related buying led a bounce to $1.0349.
Behavioral Finance: Daily Forex Outlook: The tendency to bearishness is unjustified
EUR USD (1.3145) Narrow ranges and sideways trading currently seem to accompany a popular search for gloomy news. For instance, the Spanish bond auction yesterday proceeded as well as anyone could have hoped at the start of the week.
AUD/USD Analysis
Opened in Asia at $1.0331 after trading a $1.0313-51 range in NY and was helped higher this morning by some early Japanese buying of AUD/JPY which pulled the pair up to $1.0345, before easing back on EUR/AUD demand.
Behavioral Finance: Daily Forex Outlook: A less worrisome Spanish bond auction
EUR USD (1.3115) An apprehensive eye will be kept on the Spanish 10-year bond auction today as stress on the eurozone persists from the periphery. Statistics from Spain, such as the 3 percent decline in house prices in the last quarter and the 17-year high in bad debt on the country’s bank’s balance sheets keep […]
AUD/USD Analysis
Opened in Asia at $1.0359 after lows in NY of $1.0341, but remains in the broader range of $1.0300-1.0450 and lagged the euro as EUR/AUD bounced yesterday from A$1.2600 to A$1.2678.
Behavioral Finance: Daily Forex Outlook: Euro wedged in a narrow range
EUR USD (1.3120) The euro recovered from multi-months lows against the dollar leaving investors searching for a convincing explanation. Of course, at first glance, the better-than-expected April ZEW data, Germany’s monthly survey of investor optimism seemed to be the most obvious reason This explanation, however, looks hardly convincing.
AUD/USD Analysis
Opened in Asia at $1.0395 having been pulled higher in the NY session from $1.0360 lows as the Canadian dollar rose sharply following hawkish signals from the BOC. Japanese investors opened the Asian session with strong AUD/JPY and Toshin demand, lifting the cross from early lows of Y83.98 to Y84.73 and pulling AUD/USD up with […]
Behavioral Finance: Daily Forex Outlook: Euro’s curious rebound
EUR USD (1.3025) Spanish economic woes have meandered back into market focus with an amazing speed. Yesterday investors felt unsettled by the ECB data showing that the Spanish banks borrowed a record amount of euros in March and worried about their dependence on the ECB.
AUD/USD Analysis
Opened in Asia at $1.0355 recovering from NY lows of $1.0338, but failed to match the euro’s rally as EUR/AUD buying led the cross back up sharply from A$1.2572 to A$1.2691. This morning’s Far Eastern session has been relatively quiet after early highs of $1.0364.
Behavioral Finance: Daily Forex Outlook : Market continues to focus on peripheral assets
EUR USD (1.3020) Downbeat Chinese GDP data probably contributed to pushing the euro to the months low. But as Spanish borrowing costs increase to the levels that forced Greece, Ireland and Portugal to resort to bailouts, the investor focus is now meandering back to the eurozone.
AUD/USD Analysis
Opened the new week at $1.0375, and after very early highs of $1.0387 settled around $1.0380. Concerns over China’s band widening of the Yuan, negative weekend press on the ECB and Germany from Sarkhozy, calls for the IMF’s warchest to be bolstered from ECB Asmussen and a re-run of Moody’s Friday’s comments over European bank […]
Behavioral Finance: Daily Forex Outlook: Major currencies seen as fairly-valued
EUR USD (1.3170) The euro’s situation remained neutral against the backdrop of yesterday’s Italian bond auction that proceeded in line with expectations – neither good nor bad. With the euro trading within recently small ranges, traders simply attributed the modest uptick to a weak dollar rather than to a strengthening euro.