Tag Archives: AUD/USD
FX Market Technical Research
EUR/USD has eroded the 2 month uptrend support, this has yet to generate much of a sell off, and the market is finding some support from the top of cloud at 1.3096. This is expected to be eroded, technical indicators are negative – the daily RSI is breaking down and the daily DMI has a […]
AUD/USD Analysis
Opened in Asia at $1.0553 and after an early high of $1.0573 fell back sharply on a weaker q/q Q4 GDP report to lows of $1.0509 before encountering exporter, option related and asian sovereign demand.
FX Ringside
Private Greek debt holders likely to approve plan Euro-zone governments approved the first half of the second Greek rescue package at their summit last week, with consent to the remainder conditional on the outcome of private bondholder participation in restructuring privately held Greek debt (PSI), and the Greek government’s ability to convince the market of […]
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.
Behavioral Finance: Daily Forex Outlook: Market impatient for LTRO2 impact
EUR USD (1.3195) After the first tranche of LTRO was disbursed some observers heralded it as a panacea for the eurozone economy. Later a sort of consensus emerged that the funds had successfully relieved the funding stress of the eurozone banks.
Technical Analysis
EURUSD respected support yesterday but little indicates it won’t be tested again. Key ref on south at 1.2974… USDJPY may have lost some momentum and has to at least re-visit the 80-handle…
AUD/USD Analysis
Opened in Asia at $1.0670 having been dragged lower yesterday on the back of weaker equity and metal prices, and a EUR/USD that fell on weaker european PMI data. Aussie hit lows of $1.0656 in NY yesterday and lagged the euro recovery later on stronger ISM data, as EUR/AUD rallied back up through A$1.2400.
Behavioral Finance: Daily Forex Outlook: Collateral debate dents euro sentiment
EUR USD (1.3195) Bundesbank head Jens Weidmann’s letter to the ECB voicing his concerns about the latest loosening of collateral requirements for the LTRO2 has unleashed a debate that can hardly be confidence-inducing for the euro investors.
Daily FX Technical Strategy – USD upside potential
Last week was a good one for the dollar as the USD Index posted a reversal week against important retracement levels. The implication is that the 2012 downtrend is over and further USD strength should be expected this week.
Technical Analysis – FX Daily Majors
Today’s highlights: · DXY: Through trend resistance from the 2011 peak with risk to the 55-DMA, 79.69. A close above would aim through the mid-Q1 spike high 80.12, closer to topping barriers, 80.50/70 (threat to 2012 peak, 81.78)
AUD/USD Analysis
AUD/USD opened a $1.0738 in Sydney, and after an initial high of $1.0743 was sold off by european names and AUD/JPY cross sales to $1.0703 following comments from China’s PM Wen at the National People’s Congress that China’s growth target was being lowered to 7.5% from 8%.
Behavioral Finance: Daily Forex Outlook: Oil is the market’s tinderbox, not Greece
EUR USD (1.3300) The decline in bond yields in Spain, France, and particularly in Italy (where it is reported that as much as one quarter of the LTRO2 money went) testify to the success of the ECB’s lending operation.