Tag Archives: AUD/USD

The Global Macro Pulse

The USD has softened. EURUSD has risen to 1.2706 following the announcement of the ECB’s bank stress tests yesterday.

The pair opened right at the session low for this morning at $0.8796 following last Friday’s $0.8719 to $0.8824 intraday range.

Overall credit growth has been edging higher. Mortgage demand is firmer

Today’s highlights: USDJPY has completed a small base,

The USD and JPY strengthened initially but have since lost ground.

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

The pairclosed in NY at $0.8760 after having again largely traded sideways, this time within a $0.8749-0.8806 range on the day.

EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).

Today’s highlights: EURUSD below 1.2624/05 would open up a retest of 1.2500/2460.

The USD regained ground in Asia trading. AUD shrugged off better China PMI, extending losses to 0.876.

The pair had a relatively busy start this morning, opening at $0.8779 and then dropping quickly to $0.8757,

EUR/USD: While we are on the sidelines now, we will be keen to enter a short position at some point,