Tag Archives: AUD/USD
AUD/USD ANALYSIS
Opened in Asia at $1.0488 after lows of $1.0428 in NY, as fears of a non-agreement in the Greek debt swap weighed heavily on the EUR. Central bank and real money demand then led a euro recovery which hauled AUD back up.
AUD/USD ANALYSIS
Opened in Asia at $1.0525 after highs of $1.0573 yesterday afternoon and largely tracked the EUR/USD this morning with an early high of $1.0535. The pair headed lower as S&P downgraded 4 French banks in the wake of the sovereign downgrade on Jan13.
EUR consolidates gains; Risk still looking buoyant
The last trading session before most of Asia disappears for the extended Lunar New Year holidays was a quiet affair though Asian bourses put in a strong showing and risk generally consolidated yesterday’s up-move.
AUD/USD ANALYSIS
The AUD/USD appears content to gravitate around the 200 day MA which currently lies around $1.0409. The pair continues to lag the EUR/USD rally as the cross recovers from record lows of A$1.2228 seen on Tuesday.
Three cheers for extend and pretend – or not?
This market is cheering global signs of extending and pretending from global governments and central banks. We know where it will all end, but the trouble is always figuring out how long the market wants to live in fantasy land.
Technical Analysis
Several EUR pairs having reached their first upside correction targets (in some cases some room left) and the market should hence be vulnerable to renewed weakness. AUDUSD is approaching rather important resistance levels in the 1.0480/0570-area, EURSEK still looks set to try 8.78, possible 8.70.
AUD/USD ANALYSIS
Opened at $1.0378 after highs in NY of $1.0450. The pair has since traded a relatively tight $1.0371-1.0405 range, with some buoyancy from a stronger rally in EUR/USD, despite some EUR/AUD profit taking.
European Market Preview
EUR/USD resumed yesterday’s rally this morning in Asia after the NY session saw a bout of dollar strength as offers in the $1.2810/15 proved resilient. Asia opened at $1.1736 after lows in NY of $1.2711, but consistent buying from leveraged names in a continuation of yesterday morning’s move saw a move back up to $1.2787, […]
European FX Market Analysis
EUR/USD – Recovery extended to $1.27714 in early Europe before demand met stronger supply from a UK name. Rate has pulled back but seen meeting will buyers in the area between $1.2750/40 which is currently keeping it buoyed.
Technical Analysis
EUR/USD is rechecking Fri’s mid-body point at 1.2740. Bullishly above could lead into a more pronounced correction, but back under 1.2648 would be renewed fully bearish (and target 1.2588)… AUDUSD has confirmed support below and over 1.0400 would open up for 1.0500\85…
European Market Preview
EUR/USD opened in asia at $1.2667 after a quiet session yesterday with the US closed for the Martin Luther King Day holiday. S&P’s downgrade of the EFSF to AA+ from AAA came as no real surprise following Friday’s 9 state downgrade.
The Week Ahead – Rising signs of worry amid the complacency
S&P’s downgrades of a number of EU sovereigns appears to have had limited impact so far on risk appetite, which remains healthy on the surface. But beneath the surface signs of strain are increasingly evident.