Tag Archives: AUD/USD
FX Market Technical Research
EUR/USD continued to rally yesterday, the near term rally is viewed as corrective, but we would allow for a return to the 1.3291/1.3325 region (9th February high), however we would again expect that to provoke failure.
AUD/USD Analysis
Opened in Asia at $1.0607 in a relatively quiet start but headed higher on the release of RBA minutes that pointed to much that was said in the post RBA meeting statement, but hinted that dangers to the economy from the EU debt crisis had subsided somewhat.
Behavioral Finance: Daily Forex Outlook: The bond market finally believes in green shoots
EUR USD (1.3170) Although US data had started surprising to the upside in the last quarter, it is the rise in US Treasury yields over the last few days that seems to be finally convincing the sceptics that the US ‘green shoots’ might be here to stay.
FX Market Technical Research
EUR/USD on Friday saw a strong rebound from support at 1.3000. This has been stronger than we thought, but is viewed as a correction only. It is possible that this rebound will return to the 1.3291/1.3325 region, however we would again expect that to provoke failure.
AUD/USD Analysis
Opened in Sydney around $1.0584 after a strong rally in NY on Friday from $1.0532 to $1.0597 on the back of weaker US CPI, IP and confidence data which sparked some strong short-covering from the leverage community.
Behavioral Finance: Daily Forex Outlook: QE debate is artificial
EUR USD (1.3085) Yesterday’s correction across the asset classes and particularly in the US treasuries market has once again persuaded some economists to dwell on the prospects of QE by the Fed.
FX Market Technical Research
EUR/USD remains on the defensive., it has recently eroded the top of cloud support, the 55 day moving average and the 50% retracement support at 1.3055. It is currently sitting on support at 1.3000.
AUD/USD Analysis
Opened at $1.0525 in Asia having recovered yesterday from early lows of $1.0423 to highs in NY of $1.0555 as US treasuries rallied. Early pressure on the back of a weaker EUR/USD sent the pair down to $1.0510, before a surprising higher CNY fix sparked some short covering and a bounce to $1.0552.
Technical Analysis: Let the big dog eat
The US Dollar, sometimes known as “the big dollar” continues to build momentum for a sustained move higher. Corrections should be bought. The low Bollinger Band width in US T-bonds is resulting in the anticipated volatility breakout – watch 2.08% in the 10-year very carefully. Stocks continue to walk up the down escalator as gains […]
Daily FX Technical Strategy: US yield rise lends further USD support
Having broken out of well-established ranges earlier in the week, US yields are surging higher across the curve. Into next week, we suspect the pace of the move will slow given approaching stronger support but for the time being, the dollar is responding.
Behavioral Finance: Daily Forex Outlook: Market feels compelled to believe in green shoots
EUR USD (1.3025) Optimism about the US economy has sparked a rise in the US Treasury yields, a rally in the stock market and a higher dollar index. This is in sharp contrast to a just a week ago when a Wall Street Journal article dwelling on the possible new options the Fed may employ […]
AUD/USD Analysis
Opened in Asia around $1.0450 and headed lower as the USD firmed across the board in a continuation of the NY rally and USD/JPY marched up through Y84.00 on the Tokyo open. Despite a soaring AUD/JPY, AUD/USD slipped to lows of $1.0423 before exporters and US banks bought, sparking some short covering and bounce to […]