Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: US jobs number reflects Bernanke’s concerns
EUR USD (1.3150) Higher volatility last week, amid a steep drop in the euro, indicated popular concern that the single-currency might fall out of the range that has dominated over the last two months.
Technical Analysis – FX Daily Majors
Today’s highlights: EURUSD: Eyeing Head & Shoulders neckline, 1.3030; below targets 1.2805. USDJPY: Forceful Friday plunge through 81.96/83 support keeps correction risk still lower through 81.07 retrace level to our 80.58 target.
FX Market Technical Research
EUR/USD despite weak payrolls on Friday, the rebound on EUR/USD has been tepid at best and the market starts this week sitting just above the 1.3004 March low. Key short term support remains 1.2974/54, the February low and 61.8% Fibonacci retracement.
AUD/USD Analysis
Opened in Asia at $1.0310 and after early lows of $1.0296 headed higher on demand from Funds and CTA’s, bolstered by stronger ANZ job ads data, NAB business conditions and AUD/JPY demand into the Tokyo fixing.
Behavioral Finance: Daily Forex Outlook: Euro traders re-adopt crisis stance
EUR USD (1.3150) Yesterday’s drop was not only due to dollar strength, but also to considerable euro weakness. Investors continued to buy dollars, supposedly pricing in the opinion that there will be no more Fed QE.
Technical Analysis – FX Daily Majors
___________________________________________________ Trade on currency with CMC Markets – Trusted FX Brokers ___________________________________________________ Today’s highlights: EURUSD: Short-term top enhanced and a more defensive sideways theme below 1.3134. Head & Shoulders top risks are resurrecting, needing a break of the “neckline”, 1.3025. GBPUSD: Small top/short-term bear reversal (back from 1.6090 barrier) reinforced with prod at 1.5842. Sideways […]
FX Market Technical Research
EUR/USD continued to lose ground yesterday and has reached the short term support line at 1.3136. Failure here is expected and should be enough to refocus attention onto the 1.3004 recent low and then 1.2974/54, the February low and 61.8% Fibonacci retracement.
AUD/USD Analysis
Opened in Sydney at $1.0255 after lows of $1.0244 in London yesterday and pushed up to $1.0284 before asian stocks and AUD/JPY sales weighed and led a fall back to opening levels.
FX Daily Strategist: US
Awaiting a catalyst for EUR/cross sell-off EUR/crosses came under pressure today led by weaker Spanish auctions (2.5bn actual issuance vs. 4-6bn target) with a materially lower bid to cover compared to the 2015 issue (2.4 vs. 5.0). The ECB decision and press-conference (1245, press conf. 1330 London time respectively) is due next.
Behavioral Finance: Daily Forex Outlook : Market seems prone to over-reaction
EUR USD (1.3195) Investors seem to have refreshed their opinionsof US QE prospects in a familiar fashion. A steep retreat to the dollarpanned out yesterday based on surprisingly hawkish FOMC meetingminutes.
Behavioral Finance: Daily Forex Outlook: Market sentiment lags the price
EUR USD (1.3335) Over the past week more volatility has appeared in the mood of market participants than in the actual FX rate. Although spot prices are unchanged on a week ago, each day small moves are explained by large macro themes.
AUD/USD Analysis
Opened in Asia at $1.0415 recovering from lows in NY of $1.0366 as equities and commodities rallied into the close. The pair has been buoyed this morning ahead of the RBA decision by US black box and macro demand together with a strong Chinese non-mfg PMI release of 58.0 which sparked a risk rally.