Tag Archives: AUD/USD
Asian Summary
Asian markets opened firmer amid optimism that the Greek parliament would finally approve the austerity bill amid widespread civil unrest in the country. The bill was eventually passed with 199 for and 74 against, with parties promptly expelling those lawmakers that voted against it.
FX European Market Analysis
The EUR extended a slide in European trading hours Friday and the AUD continued a pullback from Wednesday’s six-month high against the dollar, as weary investors booked profits on positive currency bets and fears re-emerged over Greece’s ability to stave off a default.
FX Daily Strategist: US
FX trading risk-off today on yesterday’s Greek disappointment FX markets are trading a classic risk-off theme this morning given yesterday’s slip back in progress on Greece. The USD is bid across the board (barring GBP), and the EUR is stronger vs. high-beta/yield (AUD, NZD, and SEK) but softer against the relative lower yielders (USD, GBP […]
Behavioral Finance: Daily Forex Outlook: Draghi attempts to anchor expectations lower
EUR USD (1.3265) Although the eurozone ministers rejected the tortuously negotiated Greek deal as insufficient to disburse the next tranche of the bailout package, the euro hardly mirrored any volatility, an indication that investors have become weary about the whole Greek issue.
AUD/USD Analysis
Opened in Asia at $1.0785 and after an initial early high of $1.0790, headed lower. The fall was instigated by further buying from CTA’s in the EUR/AUD cross which has staged a strong rally from Tuesday’s all time lows of A$1.2133 and hit highs this morning of A$1.2387 after tripping stops up through A$1.2320.
Technical Analysis: Aussie uptrend weakening
The first signs of a crack in the AUD-USD uptrend are coming through. Five waves down on the hourly chart warn of further losses to come. Gold also has a bearish wave structure and USD-TRY is poised for an upward reversal. Open interest in S&P 500 futures is falling despite the rally, warning that a […]
Behavioral Finance: Daily Forex Outlook: Markets await last-minute Greek deal
EUR USD (1.3275) There is yet another Greek moment building up today. Given that the chairman of the Eurogroup Juncker has called a meeting on Greece and the IMF is included, the market is again anticipating some sort of endgame to be played out – after all, reports emanating from Greece suggest that only €300 […]
FX Market Technical Research
EUR/USD remains at the top of the 1.3280 range, leaving the dilemma over direction STILL unresolved. This move can be perceived as either a return to point of break out from the previous uptrend (see weekly chart on the next slide) or a break higher from a bull flag pattern.
Technical Analysis
Still an euro friendly environment with EURUSD remaining on a northern track, aiming ideally at the 1.34-area, EURJPY making a second attempt higher, holding potential for a 104.37 move, EURGBP forming a possible pressure cooker upside formation,
AUD/USD Analysis
Opened at $1.0805 and struggled from the off as early EUR/AUD buying continued from the NY session pushed the AUD/USD lower. The pair fell to $1.0760 and then through stops at $1.0750 to lows of $1.0746 on an incorrect Chinese CPI release.
Asian Summary
EUR opened at $1.3260 in Asia after a day of headline watching as the Greek debt deal saga lingers on. Latest reports show that the Greek political parties still disagree on an aspect of the Troika’s pension reform which is required to sanction the 2nd bailout package.
Behavioral Finance: Daily Forex Outlook: The euro breaks to the upside, finally
EUR USD (1.3245) The euro delivered an impressive performance yesterday. It broke out of the range set over the last two weeks and reached the highest level this year. Given that on Monday traders attempted to push the euro out from the congestion towards the downside, one must therefore interpret a tone of a short […]