Tag Archives: AUD/USD
AUD ANALYSIS
Opened in Asia at $1.0378 after highs in NY of $1.0387 as the pair led yesterday’s risk rally following strong Chinese PMI data which led equities higher, supporting Gold and Silver, with Crude Oil also making solid gains on the back of further sabre rattling in the Gulf.
AUD ANALYSIS
Opened at $1.0234 and headed higher from the start of trading this morning as Asian bourses picked up and strong PMI data out of China, India and Australia all added to boost the AUD up through $1.0270 stops to a high of $1.0297.
IMM CFTC: Speculators begin 2012 with record short Euro position
As 2012 begins the nervousness about the fate of the Eurozone continues. The latest data from the CFTC which was collected last Tuesday showed that speculators in increased numbers continue to express their negative views on the Eurozone by shorting the Euro. The negative Euro sentiment has now easily surpassed levels that were seen when […]
AUD/USD ANALYSIS
Opened in Asia at $1.0137 pushing higher on firming equity markets to highs of $1.0176 before easing back later to $1.0139 after the Tokyo fixing. The market showed little reaction to any data releases with liquidity thinning rapidly and many traders making an early exit ahead of the long weekend.
AUD/USD ANALYSIS
The AUD slipped Thursday ahead of a key Italian debt auction later in the day as trepidation about Europe continued to weigh on the risk-sensitive currency. The mood surrounding Europe was detrimental to more than just the AUD, with prices of equities and commodities in the region also falling sharply in a holiday-thinned day of […]
ASIA REVIEW
The EUR’s fall late Wednesday, which dragged down the AUD and Asian currencies including the SGD. markets were reacting to the report that banks deposited a record amount in the ECB’s overnight deposit facility, a sign that additional liquidity provided by the ECB isn’t being deployed to maximum effect to ease sovereign debt problems.
AUD/USD ANALYSIS
The Australian dollar inched lower in thin trading Wednesday, with a heavily watched upcoming Italian bond auction keeping investors cautious. That bond auction in Italy–the world’s third largest bond market–is set for later in the global day and will be a key gauge of whether distressed government bonds will be purchased by European banks after […]
Asian Review
EUR opened in Asia with some slight buoyancy as a result of renewed threats from Iran of a close of the straits of Homuz which ran crude oil back above $100, but EUR failed to break back above $1.3100 running into headwinds from $1.3080.
MARKET ANALYSIS
EUR/USD – Side-ways move in last 3 sessions suggests the price would move inside the range of 1.3017-1.3120. On the downside, a daily close below 1.3017 would yield re-test of 1.2945. On the upside, above 1.3130/40 would extend gains toward 1.3199.
Too much EURUSD focus and what does it mean?
There’s little to report after a quiet holiday weekend as Europe and North America are taking a well deserved break from trading. Still, it’s useful to ponder the extreme speculative positioning in the US currency futures market.
Risk Currencies Get Boost From US Jobs Data
The risk-sensitive Australian dollar and emerging market currencies gained modestly against the U.S. unit Friday, after a brighter U.S. economic picture cheered markets in holiday-thinned trade.
AUD/USD ANALYSIS
Opened in Asia at $1.0128 and headed higher from the off on corporate demand, triggering some stops through $1.0150 to highs of $1.0181 despite some counter selling from asset managers and importers.