Tag Archives: AUD/USD
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: Small “Double Top” through 83.01 favours defensive consolidation with risk down to 81.96 (which we look to hold), before next leg higher (to 85.54).
FX Daily Strategist: Europe
FX Facts Fit The Figures Thursday was something of a rarity in FX markets in that there was no need for journalistic licence in fitting facts to figures. Moves in most of the G10 currencies could credibly be attributed to idiosyncratic economic news.
AUD/USD Analysis
Opened in Asia this morning at $1.0389 having dropped to lows of $1.0336 in NY yesterday as AUD reacted the most to the risk-off sentiment generated from poor PMI data starting with China and compounded by similar weak readings from the EU states.
Behavioral Finance: Daily Forex Outlook: ECB, Fed are not eager to tighten too soon
EUR USD (1.3235) News that the ECB’s €40 billion crisis assetpurchase programme has just spent €9 billion for the purpose, comesamid discussions on the ECB’s exit strategy and evokes nervousreaction among some investors. However a close look at the recentstatements emanating from the ECB and the Fed suggests thatneither have expressed any readiness to tighten.
FX Market Technical Research
EUR/USD rallied towards and again failed just ahead of the 1.3291/1.3325 region (9th February high), we look for this to provoke failure. The market will need to erode intraday support at 1.3140 to further alleviate upside pressure and initiate a slide back to the 55 day ma at 1.3112 en route to the recent low […]
Technical Analysis
The euro rather resilient (so far) to bearish signals coming out of Spain (bank CDS’s took off yesterday, bearish key day reversal in IBEX), JPY – the stage is set for a comeback (EURJPY bearish key day reversal, USDJPY double top?, AUDJPY retreating, JPYSEK false downside break),
AUD/USD Analysis
Opened in Asia at $1.0459 after another mauling in Europe and NY yesterday which saw the pair fall from $1.0528 to $1.0421 on China concerns and Pimco forecasts of large falls in GBP, EUR and AUD. AUD received an early lift in Asia this morning on talk of a large Toshin issuance next week, together […]
FX Daily Strategist: US
FX markets lacking direction, correlation between yields USD looser than many supposed FX markets continue to trade with a lack of clear direction, characterised by quick reversals and a range of mostly unconvincing explanations being wheeled out for the moves. A slow grind higher in equities in the US session, after sharp opening losses suggested […]
AUD/USD Analysis
Opened in Sydney around $1.0480 and slipped to $1.0467 in the wake of yesterday’s sharp BHP led fall from $1.0625 to NY lows of $1.0457. Rumoured strong bids from exporters ahead of $1.0450 deterred further downward momentum and the pair headed higher led by Japanese, Singapore and HK names tripping stops up through $1.0500 to […]
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Near-term down trend reversal reinforced by probe above initial 1.3192 recovery target. A less negative tone, but only above 1.3292 shifts to a more positive bias
Daily FX Technical Strategy: Intraday clues for a dollar bounce-back
The dollar has tended to drift lower so far this week but we are not convinced this is a sustainable move. The correction in USD/JPY is taking on the shape of a bullish flag on intraday charts suggesting the uptrend is poised to resume.
Behavioral Finance: Daily Forex Outlook: Fed will remain pro-stimulus
EUR USD (1.3230) A warning by New York Fed President William Dudley yesterday that the recent US economic recovery, although gaining speed could just as easily stall, was a reality check for the markets.