Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: Opinions on eurozone become more favourable
EUR USD (1.3335) A lull period has set in with multiple signs of easing in the eurozone. The finance ministers’ meeting that took place last week has been hailed as a success by the IMF and by the ECB.
Technical Analysis
EUR/USD Short term still unclear… AUD/USD Completed corrective bounce… EUR/JPY Bull triangle or triple top… EUR/SEK Well, that’s a better one… USD/SEK Enough? EUR/NOK Correction unfolding… NOK/SEK First step higher taken… EUR/GBP Steering back into the high-0.82s
AUD/USD Analysis
Opened in Asia at $1.0445 gapping higher from the NY close on Friday of $1.0358 on the back of strong Chinese Mfg PMI which was released on Saturday with at 1yr high reading of 53.1.
Behavioral Finance: Daily Forex Outlook : Scepticism on Europe has no follow-through
EUR USD (1.3320) The early weakness in the euro yesterday was accompanied by a popular perception of a divergence between the US and eurozone economies. Those bearish on the euro were provided with ample fuel for their views.
FX Market Technical Research
EUR/USD remains capable of testing the top of the 7 month channel at 1.3442, this together with the February high at 1.3487 should provoke failure. The near term uptrend has been eroded and we should see the market ease back towards the 20 and 55 day ma at 1.3210/1.3174.
AUD/USD Analysis
Opened in Asia at $1.0383 having been bullied to lows of $1.0303 in NY last seen in mid January, on year-end AUD/JPY flows. An afternoon rally in stocks and EUR/JPY then led EUR/USD back up to $1.3300 which in turn boosted the AUD/USD again.
Behavioral Finance: Daily Forex Outlook: Market focus meanders back to the eurozone
EUR USD (1.3320) The eurozone finance ministers meeting slated to discuss the fate of pan-European rescue vehicles starts on Friday.With the impact of Bernanke’s recent dovish statements now welldigested, it is not surprising that the news focus is shifting from the USeconomic data to the eurozone’s political economy.
Technical Analysis – FX Daily Majors
Today’s highlights: AUDUSD: Spotlight on six month up trend line, 1.0325 (setting back from Q1 topping trend barrier). A close below this key support risks April move to 1.0145/15 target. NZDUSD: Poised at minor chart prop at .8143 (back from ahead of .8282 chart resistance) with risk still lower back our .8050/7996 target (and lower […]
FX Market Technical Research
EUR/USD no change – the market will shortly encounter the top of the 7 month channel at 1.3449, this together with the February high at 1.3487 should provoke failure. However a break below 1.3263 (near term uptrend) is needed to alleviate immediate upside pressure.
AUD/USD Analysis
Opened in Asia at $1.0389 and after an early rise to $1.0405 was pushed lower on cross sales and EUR/AUD strength, led by AUD/JPY. Traders are getting nervous of some very large long positions built on the back of expected Toshin issuance and the cross fell back sharply from early highs of Y86.27, tripping stops […]
Behavioral Finance: Daily Forex Outlook: Doves will likely tint the monetary policy
EUR USD (1.3330) Ben Bernanke’s latest comment that ‘no option is off the table’ is being interpreted by many as positive for the prospects of QE3. His reaction to the implications of higher oil prices suggest that he judges the impact as not too inflationary or growthhindering barring, of course, unpredictable shocks.
Technical Analysis – FX Daily Majors
Today’s highlights: · GBPUSD: Prod to a new Q1 recovery peak (through 1.5991) to open the door to the Q4 high at 1.6167 (interim hurdle 1.6090). · EURUSD: Digestion setback, but prior break above 1.3292/94 intact for a constructive bias to aim up to the 1.3487/3510 major resistance cluster.