Tag Archives: AUD/USD
Behavioral Finance: Daily Forex Outlook: The euro looks beyond Eurogroup meeting
EUR USD (1.3170) The multiple negotiations taking place around Greece seem to each be in a state of limbo. The Eurogroup chief, Juncker, has postponed the emergency finance ministers’ meeting to approve the €130 billion aid package and apparently a teleconference will be convened.
FX Market Technical Research
EUR/USD has sold off towards the 55 day ma at 1.3067, which together with the 38.2% retracement of the last leg up at 1.3056 appears to be holding the initial test. Rebounds from here should remain tepid – the market has recently severed its short term uptrend, this in conjunction with the divergence of the […]
AUD/USD Analysis
Opened in Asia at $1.0689, picking up strongly from lows in NY of $1.0629 as risk appetite returned late in the session on reports that Greece’s Samaras would after all sign the austerity agreement.
Behavioral Finance: Daily Forex Outlook: Inflation is no bar for new QE
EUR USD (1.3165) With the BoJ yesterday setting an inflation target (one percent) even lower than the one set by Fed, it seems the markets are being primed for another round of coordinated easing globally. After all inflation levels in eurozone, the US and Japan are contained, so that they will unlikely pose a hurdle […]
Daily FX Technical Strategy: Bid USD is facing strong resistance
Investors appear to be falling for the USD, but they are not totally smitten. Overnight the dollar has ralllied within its recent trading range, reinforcing the profit taking signals that we noted yesterday.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: An “outside” pattern already today (bullish?) aiming for key 200-day MA at 78.05 and then range resistance at 78.31. Above secures firmer Q1 base · EURUSD: Hinting at a small top, but still needs a close below 13-day EMA, 1.3125, to aim for 1.3026 next. Through here confirms
Technical Analysis
It looks like EURUSD is flipping back into bearish so keep an eye on action after the opening hour today if there is more selling going through we think AUDUSD & GBPUSD will lead by example (1.0640 & 1.0615 and 1.2626 are key refs in those)…
AUD/USD Analysis
Opened at $1.0735 and after a brief high of $1.0739, fell back sharply with the EUR/USD following the Moody’s ratings announcement. Comments from ECB’s Nowotny over Greece’s ability to meet its austerity obligations were also adding weight ahead of tomorrow’s meeting.
Behavioral Finance: Daily Forex Outlook: No closure yet for Greece
EUR USD (1.3250) The Greek Parliament approved the austerity package aimed at averting default on the March 20th bond repayment deadline. The backdrop of continuing street violence and several cabinet-level resignations, of course, is unlikely to instil confidence in the market that the Greek travails are heading for a closure.
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Friday erosion hints at a top, but close through the 13-day EMA, now 1.3125, needed to confirm. Otherwise, risks remain higher this week
FX Daily Strategist: Europe
Greek Parliament approves austerity bill Greece’s parliament early Monday ratified austerity measures of EUR 3.3 billion in wage, pension and job cuts this year, which should now give way to the release of the second EU/IMF loan package at Wednesday’s Ecofin meeting.
AUD/USD Analysis
Opened at $1.0670 in Asia after lows in NY of Friday of $1.0640. The pair slipped to $1.0666 in early trade this morning before heading up with the EUR/USD on optimism that the Greek vote would pass.