Tag Archives: AUD/USD
Governor Bollard ‘comfortable’ with current level of NZ interest rates
Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard gave an extended radio interview this morning following his recent attendance at the IMF, World Bank and G20 meetings in Washington. The general tone of the interview was very much in line with the recent RBNZ September MPS and our view that the RBNZ will follow […]
Technical Analysis: Technical Alert: Big EUR/CHF U-turn catches the eye
The notable EURCHF U-turn is volume laden and could feed into a +1.10 test… EURUSD is all revved up but has nowhere to go… There is some momentum in the AUDUSD correction, but the pair must not fall back below 1.0110 to hold pace… EURSEK likely trades in a 9.1995\9.3310 range and EURNOK needs to […]
OVN FX WRAP
Day with Japanese targeting AUDJPY stops, and the risk selling continued all day. AUD the massive mover overnight falling from 1.0180 to our current low of .9927. Asian Equities trashed with KOSPI down 9.3% at one point (down 8% currently) and US equity futures down 2.5 to 3%. China CPI at 6.5% (6.4 expected) didn’t […]
FX wrap from HK
The weekend S&P downgrade of the US saw FX markets open with the USD weaker across the board from Friday’s closing levels. EURUSD opened around 80pts higher, with EURCHF and USDCHF off almost 2 figures and USDJPY off around 130pts. The JPY and CHF pairs opened near their lows and never really looked in danger […]
Technical Analysis: The dollar is likely to get bashed again
Recent EURUSD lift looks paced enough to mount pressure on an important 1.4580 ref… The unit is also on a losing streak against the yen and USDJPY could sink into the 76s… The aussie is steaming hot and AUDUSD, already trading at fresh post-float highs, could try 1.11, but there are some worring signs in […]
Technical Alert: Direction for today seems mostly unclear
Direction for today seems mostly unclear and its hard to find a particular focus at the start of the week… EURUSD levels at 1.4285 & 1.4485 have to be observed and the same goes for EURJPY at 112.25 & 114.00…
Westpac AUD/USD outlook
Summary: AUD/USD has spent very little time outside the broad 1.04-1.08 range since May, with underlying USD weakness and confidence in Asia’s resilience cushioning the pair despite a clear deterioration in Australia’s outlook.
Global Technical Watch – Quick Charts (Jun 23)
Various commodity indices are hovering at important supports. Although they look stable for the time being, a break below highlighted levels would complete larger bearish formations. In such an environment, we cannot rule out the risk of a further USD bid.
Commodity Currencies Weekly Technicals – AUD/USD and NZD/USD continue to look top heavy
AUD/USD: We still expect the Aussi to decline in the weeks ahead and for the 1.0441 May low to be revisited. NZD/USD: Another down leg should be seen. Is to revisit the 55 day moving average at .8008 at the very least. USD/CAD: A short term correction lower is being witnessed but the currency pair […]
Strategic Technical Themes – weekly outlook
Foreign Exchange US Dollar Index has based near term and we look for a challenge of the 2011 resistance line at 75.59. EUR/USD has failed at the 78.6% retracement and risk has shifted to the downside – target 1.4010 then 1.3526
Chart Watch – Are we approaching a period of more sustained AUD/USD weakness?
Bank of England AUD TWI is looking toppy – would allow for slide back to the 2 year support line at 104.00. From current levels of 107.40 this would imply a 3% correction lower.