Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: China and Japan offer eurozone support via IMF
EUR USD (1.3210) Japan and China have showed joint interest in expanding the IMF resources to address the eurozone crisis provided the European members work towards lifting the €500 billion cap on the rescue vehicle, the ESM.
FX Daily Strategist: Europe
Expectations build for a deal – but we’ve been here before The Eurozone developments over the weekend have raised expectations of a deal from today’s Eurogroup, due to kick off at 3.30pm Brussels time. German Finance Minister Schaeuble’s comments were seen as less combative;
AUD/USD Analysis
Opened in Asia with a gap up at $1.0765 from the NY close of $1.710 following positive press regarding the EU Fin Min meeting today which is expected to approve the 2nd Greek bailout package.
Another Greek Week, but China hits headlines by easing policy
The surprise over the weekend came not from Greece, for a change, but from China, which announced a 50bp reduction in the Reserve Ratio Requirement for banks. This is expected to add some Yuan 360-400 bln of additional liquidity into the local banking system.
Behavioral Finance: Daily Forex Outlook: ‘Green shoots’ go unsung this time
EUR USD (1.3125) With early (at the time, unconfirmed) reports that Greek policymakers had been able to plug a €325 million budget hole, and that the ECB intended to swap its ‘old’ Greek bonds for new PSIexempt paper, the stage was set yesterday for a bailout deal on Monday and for a swift completion of […]
Technical Analysis – FX Daily Majors
Today’s highlights: · AUDUSD: Upward trendline spanning from December lows holds strong, with the 1.0629 low intact. Rebound through 1.0779 implies a re-test of the 1.0847 high
AUD/USD Analysis
Opened at $1.0755 after benefiting from the massive risk rally in NY which saw the pair leap back from lows in Europe of $1.0646 to $1.0774 in NY. The pair has been assisted by some very strong demand in crosses notably the AUD/JPY, and sales in EUR/AUD.
Behavioral Finance: Daily Forex Outlook: The endless tug of war on Greece
EUR USD (1.3010) Although it has been announced that the next Eurogroup meeting on Greece, scheduled for Monday, is likely to deliver a deal on the second bailout package, the markets are reluctant to believe that the crisis is heading for closure.
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Break below 1.3026 chart support and the 38.2% retracement of 1.3054 keeps the focus skewed lower to the 1.2889/54 chart/61.8% retracement support zone · AUDUSD: Topping structure in place with threat lower to the trend line from late 2011, now 1.0629/45. Through confirms a more notable reversal for 1.0527
FX Market Technical Research
EUR/USD remains under pressure and we look for 1.3000 to be eroded soon. This will leave the market directly offered and on course for 1.2891/54 (61.8% retracement of recent leg higher) then the 1.2624 January low.
Australian jobs data looks strong – but details not so impressive
The Australian employment report for January was the highlight of today’s Asian session and produced a strong response to an above-forecast headline. The Australian economy added a total of 46.3k jobs in January, well above expectations of a mere 10k increase and the AUD responded accordingly with the 40 point jump versus the greenback.
AUD/USD Analysis
Opened at $1.0696 in Asia having fallen back yesterday from highs of $1.0776 following comments from PBOC’s Zhou. Doubts over the Greek debt deal and dovish FOMC comments sent the AUD/USD lower throughout the rest of the day to $1.0681 lows in NY, and the pair continued to slip in early Asian trade to lows […]