Tag Archives: AUD/USD
AUD/USD Analysis
Opened at $1.0594 in Asia after lows in NY of $1.0527 as market risk sentiment wilted on Greek debt delays and widening Portuguese debt yields. However equity markets then rallied from earlier falls and real money demand led a solid recovery back into the close.
Technical Analysis
More general dollar weakness emerged Friday (contrary to our view of a potential end to the EURUSD reaction). The JPY strength accross the board, CABLE coming close to its key resistance in the 1.57’s, EURSEK closed bullishly above 8.9050 buy the dips for 8.98/99,
FX Market Technical Research
EUR/USD has reached its initial corrective target of 1.3245/50, the 38.2% retracement of the move down from November. We would ideally like to see failure here, this is our initial corrective target/measurement and automatic Elliot wave count, but acknowledge that while above the near term uptrend at 1.3072 the market remains bid.
AUD/USD Analysis
Opened in Sydney with a small gap down to $1.0641 from a NY close of $1.0657. Weekend comments from Germany’s Schaeuble and Germany’s recommendation for an appointment of a European” budget commissioner” led to a sell-off in EUR/USD which along with profit taking in AUD crosses, a lower Yuan fix and a falling Shanghai composite, […]
FX Market Technical Research
EUR/USD has charted a ‘Doji’ at 1.3184, this marks indecision just ahead of our corrective target of 1.3200/50, and suggests to us that the correction higher that has been in place since the 16th January is likely to be over. We are unable to rule out a move to the 1.3245/50 zone (38.2% retracement of […]
AUD/USD ANALYSIS
Opened in Asia at $1.0631 with the pair down from highs yesterday of $1.0688 seen in Europe. Better than expected NZ Dec trade data weighed on the AUD/NZD which prompted a slide in the cross to NZ$1.2924 from NZ$1.2966, which stalled an early rise in AUD/USD at $1.0641.
Asian Market Summary
EUR/USD opened in Asia at $1.3109 after slipping back from NY highs of $1.3184 on soft US housing data and comments from Juncker that the ECB wouldn’t accept losses on Greek debt which weighed on sentiment.
Technical Analysis
More dollar weakness seen overnight post Fed. We are looking for a marginally new dollar low today however followed by an almost immediate u-turn. EURUSD looks to have potential above 1.3121 but below 1.3199, GOLD passed a bullish milestone yesterday, USDJPY stalling on back of lower US bond yield, EURSEK underpinned by a potential bull […]
FX Market Technical Research
EUR/USD has cleared this years high at 1.3077 and remains upside corrective. The market is poised to encounter the 1.3141/45 resistance, this is the October low and 55 day ma, between here and the 1.3245/50 zone (38.2% retracement of the move down from October) we expect to see failure.
AUD/USD ANALYSIS
Opened in Asia at $1.0597 after a strong recovery from NY lows of $1.0444 back to $1.0620 following the strong risk rally after the FOMC pledged continued low rates until 2014 and the likelihood that QE3 was just round the corner.
FOMC extends dovish forecasts
The FOMC forecast that rates expected to stay at exceptionally low rates “through at least late 2014”. But does that mean anything for this market’s unbearably short attention span? My lowdown: this is a more dovish statement than I expected and I fail to understand why the Fed wants to put itself in a box […]
Technical Analysis
EUR/USD – sandwiched USD/JPY – sleeping beauty waking up AUD/USD – buyers keep responding EUR/SEK – high session close EUR/NOK – strong buyers’ response