Tag Archives: AUD/USD
AUD/USD Analysis
Opened at $1.0805 in Asia and headed up to $1.0818 on the back of AUD/JPY demand from Tokyo names, before meeting model fund supply and some profit taking from corporates.
FX Daily Strategist: Europe
Big LTRO elicits little excitement; FX market reacts more to little from Bernanke The EUR 529bn allocated at yesterday’s second 3-year LTRO was a little higher than our estimates of 400-500bn, and not significantly greater than market expectations of 470/500bn.
FX Market Technical Research
EUR/USD’s key day reversal on Wednesday could mark the end of the recent bullish consolidation phase. Therefore expect to see further weakness in the days to come. The 1.3322 early February high is now being eyed.
AUD/USD Analysis
Opened in Asia at $1.0725 after lows in NY of $1.0715 following Fed Bernanke’s testimony which diminished QE3 expectations and led a run in precious metal sales and stocks as well as the euro-complex.
Behavioral Finance: Daily Forex Outlook: LTRO2 take-up figure will not reveal all
EUR USD (1.3480) A collection of surveys estimating the LTRO2 take-up amount averages out around €500 billion. The figures indicate an attempt by investors to understand an event with repercussions (while generally now confirmed to be positive – Italian and Spanish bond yields are lower) which are nevertheless unrecognisable immediately.
FX Market Technical Research
EUR/USD: The break out of Monday’s inside day in the EUR/USD should determine the trend for the next few days. Since the break has been to the upside, the 1.3550 December high is now being targeted.
AUD/USD Analysis
Opened in Asia at $1.0765 on a firm footing following yesterday’s high closes in the DJIA and S&P, as risk appetite returned ahead of the ECB LTRO operations today. The pair picked up strongly in early trade on AUD/JPY demand out of Tokyo, despite weak housing data (Q4 construction data which fell 4.6%, but followed […]
Asian Summary
EUR/USD opened in Asia at $1.3458 on a firm footing ahead of today’s ECB LTRO, despite poor US durable goods data and Eurogroup’s postponement of a firewall decision yesterday. The DJIA closed above 13,000 for the first time since 2008, as equities rallied with precious metals, despite falls in crude oil.
Behavioral Finance: Daily Forex Outlook : LTRO2 could also augur well for the euro
EUR USD (1.3445) On the eve of LTRO2, the ECB’s president has reasons to feel some satisfaction. Data published by the Bank on Monday confirms that Italian and Spanish banks increased their respective domestic sovereign bond portfolios by impressive amounts.
Technical Analysis
EURUSD looks set to score one more high before dropping again… Bunds bullishly broke above key refs yesterday and look staged to score fresh cycle highs… US tens trails behind but also look bullish…
Currency Weekly: FX and oil: Drilling down to what actually happens
Rather than look at how economics suggests FX “should” behave when oil prices rise, we examine how FX “has” behaved in the past. Oil producers are the winners. However, one might have expected all “risk on” currencies to suffer and safe haven FX to thrive with lower equities.
AUD/USD Analysis
Opened in Asia at $1.0754 having put in a strong recovery in NY from lows of $1.0650 seen in Europe. The recovery move was largely seen on some heavy selling in EUR/AUD after posting earlier highs of A$1.2619 in Asia yesterday.