Tag Archives: AUD/USD
AUD/USD Analysis
Opened in Asia at $1.0539 after posting lows in NY of $1.0485 following strong retail sales data and lack of QE3 hints from the Fed in the FOMC which painted a more upbeat picture for the US economy. A strong rally in equities led the recovery together with a sharp reversal in the EUR/AUD from […]
Technical Analysis: Bond Bolly band width warning
Bollinger band width in bond markets is very low pointing to a high risk of volatility breakouts. The technical probabilities suggest that the break will be lower in yields. The USD is building upside momentum although the Aussie retains some lingering bullish potential. Gold is consolidating before another leg lower and low volume in stock […]
Behavioral Finance: Daily Forex Outlook: The gap between periphery and core
EUR USD (1.3175) The OECD’s upbeat evaluation of the future path of eurozone economic development did not prevent many market commentators mulling the prospect of further debt problems in the periphery.
Daily FX Technical Strategy: Cross focus as USD consolidates
As the dollar unwinds intraday overbought signals at the start of the week, crosses have drifted off the sidelines but without suggesting a consistent story. EUR/GBP rallied sharply but this move must be kept in context of the downtrend of the last 10 months.
FX Market Technical Research
EUR/USD has held the initial test of the 55 day moving average, this is located at 1.3084. Rebounds are expected to remain tepid and we look for the Euro to remain under pressure and continue to regard the recent high at 1.3487 as an interim peak.
AUD/USD Analysis
Opened on a firmer footing this morning in Asia after being pressurized for a large part of yesterday’s session on Chinese trade concerns and a strong rally in the EUR/AUD. AUD/USD fell to $1.0474 technical support in Europe from $1.0576 but rallied later in the day to $1.0511.
Behavioral Finance: Daily Forex Outlook: ‘Green shoots’ means no Fed
EUR USD (1.3085) The gain was just a little more than one percent, but it was enough to qualify Friday’s rise in the dollar-index as the largest of the year. The steady rally even accelerated briefly after the better-than-expected US payrolls number.
Technical Analysis
In the search of ending corrections… EUR/USD seeking a 2nd reaction target… USD/JPY caution with longs!… GBP/JPY head & shoulders top… EUR/SEK completed correction?… USD/SEK fell hard… EUR/NOK next move unclear… NOK/SEK correctional setback… AUD/USD sandwiched… EUR/CZK at least one more low likely… EUR/HUF best bullish wave count disrupted… EUR/PLN major setback!
AUD/USD Analysis
Opened in Asia at $1.0643 having traded a $1.0591-$1.0670 range in NY recovering from the lows seen on comments from ECB’s Draghi, and later rallying back on high optimism over the Greek PSI take up and talk of support now up to a possible 95%.
Worse headline Oz employment data pushes AUD lower, initially
The first of today’s central bank rate announcements came early in the Asian session, where the RBNZ kept the official cash rate unchanged at 2.5 percent, as expected. However, in his post-announcement comments, RBNZ governor Bollard highlighted improved pockets in the domestic economy and a better global outlook but noted that the recent strength of […]
AUD/USD Analysis
Recovered strongly in NY last night from lows of $1.0533 on the back of a possibility that the Fed may buy bonds and press reports that Greek bondholders had largely signed up to the debt swap. AUD rallied to $1.0593 before closing at $1.0583.
Behavioral Finance: Daily Forex Outlook: Periphery concerns and growth affect investors
EUR USD (1.3140) Short-term the first support is at 1.3070. Even as low as this, the euro’s recent exit from its sideways consolidation could turn out to be a false break. Below there, however, we would favour a further slide to 1.2930.