Tag Archives: AUD/USD
AUD/USD Analysis
Opened at $1.0638 and came under some early pressure as Asian stocks and the euro started to sag. The pair slipped to $1.0615 before recovering to $1.0638 but met another round of downside pressure as EUR/AUD pushed higher to A$1.2486.
Behavioral Finance: Daily Forex Outlook: The Greek deal had an even shorter half-life
EUR USD (1.3225) The scepticism around the Greek bailout deal is pervasive. While it was clear that the package was essentially crafted for servicing the debt costs of the Greek government, the complex PSI deal, it seems, does not guarantee a closure on the issue yet.
Daily FX Technical Strategy: US yields carry JPY crosses
While initial JPY weakness emerged in response to optimism for equities, the recent push to 1-3 month range highs for US yields has likely given investors additional reasons to pare back JPY length.
FX Daily Strategist: Europe
Greek deal leaves markets none the wiser The response to yesterday’s Greek bailout has seemingly confounded most market participants: those looking for a relief rally in risk have been sorely disappointed – but so have those who were looking for a ‘sell the fact’ response.
FX Market Technical Research
EUR/USD as expected 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.
Technical Analysis
Not overly much is cooking out there at the moment… Well the yen is weaker with USDJPY seemingly headed towards a key 80.25 ref… EURUSD printed a bearish candle yesterday but directional clues are anyway weak within 1.3145\1.3322…
Technical Analysis: Ding ding
For technical analysts, it’s not the news that matters; it is how the markets react to the news that counts. We have been warning that the markets are poised for a “risk-off” phase and the price action over the next few days should provide valuable evidence to see if the bell has been rung on […]
AUD/USD Analysis
Opened in Asia at $1.0660 after losing ground yesterday in Europe and NY from highs of $1.0750 to $1.0655, largely on some strong EUR/AUD buying despite firmer commodity prices.
Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless
EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before […]
Technical Analysis
EURUSD looks set to test the recent 1.3322 high but the upside is not a done deal… USDJPY is short-term stretched and some longs should be weathered, paving for a ~79-recheck… AUDUSD could be in a more pronounced correction lower so keep an eye on the recent 1.0629 low…
AUD/USD Analysis
Opened at $1.0755 in Asia but came under early pressure as hedge funds and Asian names sold in the absence of any headlines out of Brussels regarding the debt deal agreement.
EUR attempts lift-off as second Greek bailout deal announced
The meeting of European finance ministers dragged on well into the Asian session with a press briefing only announced close to mid-morning. The headline announcement revealed a deal had been struck with a €130 bln bailout package with Greece’s debt/GDP ratio to fall to 121% by 2020.