Tag Archives: AUD/USD
AUD/USD ANALYSIS
The AUD dipped Monday, hurt along with regional equities by a late Friday decision by S&P’s to downgrade nine European nations. The wave of rating downgrades that hit France and eight other euro-zone nations was particularly harmful to the risk-sensitive AUD as the move cast fresh doubts over the monetary union’s ability to bail itself […]
Time for a Euro squeeze after Draghi and ugly US data?
Ugly US data sees earlier risk rally turning tail rather than rallying on QE3 anticipation. Will the Euro see a squeeze in the crosses after ECB fails to offer rate cut hint and after strong Spanish and Italian debt auctions?
Mixed China inflation data leaves the path unclear for policy
All eyes were on China’s CPI and PPI data for December during the Asian session, but in the end the reports provided little direction for markets. CPI was a marginal disappointment, coming in at 4.1 percent y/y compared to a 4.0 percent consensus but still edging lower from November’s 4.2 percent.
Daily Forex Outlook
Waiting for the short squeeze EUR USD (1.2735) A predominance of relatively positive news yesterday including Fitch’s announcement that France may not be downgraded this year after all, and that Germany’s triple-A was safe, helped euro sentiment. The tone of the Merkel-Sarkozy summit, which for the first time in a while hinted at the need […]
EUR stuck in limbo waiting for the next headline
Asia walked in this morning with most currency pairs at similar levels to yesterday, having flirted with both highs and lows outside the previous day’s ranges during the overnight session. Sentiment favoured an early stop-loss hunt through 1.2740 in EURUSD (overnight low) but once that was accomplished it was back to range-trading with little in […]
Daily Forex Outlook
No new era for the euro EUR USD (1.2790) The upside data surprises in the US payrolls data should, intuitively, have led to a ‘risk on’ sentiment and a dollar fall, according to traders. The euro decline therefore led many to dwell on the onset of a new era for the currency – one where […]
European Market Analysis
EUR/USD – leveraged sellers cited for adding the extra weight to take rate through its overnight low at $1.2760, with stops adding to the selling to take rate down to $1.2748 ($1.2749 61.8% $1.2720/96). Rate currently trades around $1.2752
Technical Alert: Weaker GBP stronger AUD (& SEK). Lower GER yield.
The dollar index advance is temporarily halted & EURUSD could correctively test 1.2813\1.2860 and later resume the downtrend. Below 1.2720 would end this attempt higher… Bullish EURGBP print yesterday points higher towards somewhere above 0.83… AUDUSD bigger picture clouded but in a short-term ~1.04 lie within reach… EURSEK gap-opens lower.
EUR holds on to gains; AUD outperforms following better data
A relatively stable session for currencies during the Asian session with the EUR able to cling on to the tentative gains made yesterday. The AUD was one of the better performers with building approvals bouncing back in November from a revised 10.0 percent fall the previous month.
Asian Market Analysis
Despite negative EURO data and the resignation of SNB chairman Hildebrand, the EUR survived a relatively tame session in NY yesterday. China’s strong trade surplus in December, and German negative yields from yesterday’s auction have so far kept markets calm after the inconclusive Merkel/Sarkozy meeting, despite increasing possibility in analysts and the IMF’s minds that […]
Market Analysis
EUR/USD – creeping higher amid light flows, trades to $1.2757 area but appears to be already losing momentum, still well shy of the early highs at $1.2785 seen in European dealings.
The Week Ahead
Today we take the market temperature and look at where to focus our attention as the week unfolds. Equities – Pivot area for US S&P500 and Earnings Season kick-off Last week ended in about as stale a stalemate as possible for equities. Though the key equity market benchmark, the US S&P500 managed an enthusiastic Tuesday […]