Tag Archives: AUD/USD
FX Daily Strategist: Europe
No oil price worries in evidence Friday The S&P500 made its highest close since June 5, 2008 on Friday, while in G10 FX, SEK, representing the country most exposed to the global growth cycle, was the strongest performer on the day and second biggest gainer on the week versus the USD (+2.65%, just pipped by […]
Measuring and analyzing positioning, flows and trends in the FX market
More active bets on falling JPY and less so on GBP The IMM data for the period 15-21 Feb revealed: The JPY net speculative long position fell further but was this time driven by added short contracts and not by reduced long contracts as was the case last week.
Behavioral Finance: Daily Forex Outlook: The euro needs to sneak a peek behind the LTRO
EUR USD (1.3445) Given that the German Parliament will vote today to approve the second Greek bailout, it was clear from the outset that Germany would not agree to top up the pan-European rescue vehicles, just yet.
AUD/USD Analysis
Opened at $1.0694 in Asia this morning and headed up in early trading from $1.0688 to $1.0718 on the back of some strong AUD/JPY buying which took out a Y87.00 barrier to highs of Y87.48, before profit taking set in on Tokyo’s arrival with a fall back to Y86.45.
Behavioral Finance: Daily Forex Outlook : Observers struggle to explain euro strength
EUR USD (1.3370) Many market commentators attribute the euro’s current strength to yesterday’s better-than-expected German IFO. This may be because this was the only euro-positive release of the day.
FX Daily Strategist: Europe
We continue to favour AUD into next week; JPY moving closer to the top of the Ichimoku cloud AUD remained steady in response to RBA Govnenor Steven’s warning that forex intervention is an option if the AUD is considered too strong, commenting that the recent rise in AUD’s strength has been at a time when […]
FX Market Technical Research
EUR/USD has cleared the 1.3322 resistance and at this point we must allow for a further rally near term towards the top of its 6 month down channel at 1.3520 currently. The 50% retracement at 1.3435 (of the sell off from the October high) is likely to offer some interim resistance en route.
Technical Analysis
Euro strength on hold overnight but looks likely to continue for at least another day or two. Oil, stocks and bonds all rose (but for how much longer?). EURUSD next correction targets, 1.3435 and/or the 1.36-area,
AUD/USD Analysis
Opened at $1.0715 having seen a strong bounce along with the EUR/USD from NY lows of $1.0661 on a surge in crude oil prices and some panic short covering in the EUR/USD. Failure of the EUR/AUD to break decisively through the A$1.2480/90 level also added a bid tone to the pair.
AUD rallies as RBA’s Stevens says he is happy with current policy
In his semi-annual testimony before Parliament, RBA Governor Stevens said that monetary policy was right for the moment. He offered nothing different from the previous RBA statements and remained upbeat on the economy throughout.
Behavioral Finance: Daily Forex Outlook: Dim growth outlook fails to dent the euro
EUR USD (1.3260) A vote to get the Greek bailout deal approved in the German parliament looms. Important thing is the issue of increasing the resources of the ESM to €750 billion. As before, the IMF and other eurozone members are in favour of increasing the ceiling.
FX Market Technical Research
EUR/USD is sidelined and is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.