Tag Archives: AUD/USD
AUD/USD Analysis
Opened in Sydney around $1.0434 after a strong rally yesterday from lows of $1.0296 to $1.0450 as strong employment data and later talk of a strong Chinese GDP during the NY session lifted risk appetite.
Behavioral Finance: Daily Forex Outlook: ECB Bond Purchase Programme 2.0
EUR USD (1.3130) After many punishing days for asset markets, there was a palpable desire to see some correction yesterday. A rebound in equities, peripheral bonds, and the euro were in unison with comments by Benoît Coeuré suggesting a bond purchasing programme in Europe ‘still exists.’
Daily FX Technical Strategy: A pause in proceedings
Within the recent bout of risk aversion we are seeing sings of a near-term bounce as investors take profits. The S&P 500 is finding interim buying interest over its daily cloud and the down move in base metals is stalling against stretched momentum studies.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: Holds at key near-term support target, 80.58, but only above 81.88 eases downside risks. · AUDUSD: Push above trend line resistance from February eases immediate bear threat, but 1.0465 is needed for a small base (which we would look to cap).
FX Daily Strategist: Europe
SMP to the rescue? Italian auctions to test market’s renewed confidence What went down on Tuesday went up on Wednesday, though only about half of Tuesday’s G10 FX moves were reversed. The turn-around was largely attributed to improved sentiment in European debt markets after comments from ECB Executive Board member Benoit Coeure saying that market […]
FX Market Technical Research
EUR/USD is inching slowing higher, bouncing off the shallow support line at 1.3034, which connects the lows from February to the lows seen in March. Failure here should act as an early warning signal of losses to the more important support at 1.2974/54, the February low and 61.8% Fibonacci retracement.
AUD/USD Analysis
Opened in Asia at $1.0305 after a strong recovery in Europe and NY from lows of $1.0226 yesterday in the Far East. Aussie pushed up to $1.0329 on dovish comments from Fed’s Yellen before easing back to $1.0296 ahead of the employment data.
Behavioral Finance: Daily Forex Outlook: Eurozone solutions are not apparent
EUR USD (1.3090) Economic fears over Spain and Italy grippedinvestors on Tuesday as Spanish equities neared a three year low,Spanish yields went upward and Italian capital markets followed thesame pattern.
Daily FX Technical Strategy: Hard asset breakout
Investors continue to take risk off the table as peripheral eurozone bond yields push higher. The S&P 500 index posted a fifth consecutive day lower, and commodity markets, in particular Brent crude and copper, have broken below important range lows.
Technical Analysis – FX Daily Majors
Today’s highlights: USDJPY: Another “bearish “outside” pattern plunges towards key near-term support target , 80.58, which we look to hold near term.
AUD/USD Analysis
Opened at $1.0252 and came under early pressure from US fund sales searching for stops and barriers which were triggered through $1.0250 and $1.0230 to lows of $1.0226. Japanese, real money and corporate names along with stronger aussie Feb housing finance data led a recovery and sparked some short covering.
Daily FX Technical Strategy: European concerns
European problems are not going away. Last week was the worst week so far this year for key US and European equities and the US and German rates markets responded accordingly with a bid. That the US/German yield spread is testing the lows of this year is a telling sign for Europe.