Tag Archives: AUD/USD

Weekly Economic & Financial Commentary

U.S. Review Third Quarter Growth Appears Solid • Retail sales rose 0.6 percent in August as auto sales helped to

Polls show positive momentum for the “yes” camp A “yes” vote for the Scottish independence,

A bout of USD strength is rolling from currency to currency; initially driving the majors of EUR, GBP and JPY lower,

Today’s highlights: AUDUSD maintains its large “head & shoulders” top and we stay bearish for our .8982/56 next target.

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at 1.2988(05/09/2014 high) has held thus far.

AUDUSD opened weak and has sold off to 0.9066 and USDJPY has risen to 107.35,

EURUSD: Despite the failure above 1.2934 most factors still speaks infavor of a short term base,

The pair closed in NY Thursday at $0.9099 after having traded a $0.9089-0.9218 range on the day.

The spike above the 200-DMA Thursday remained capped ahead of the $0.9229 resistance level before reversing lower with

Concerns over China’s softening growth outlook are the focus for FX ahead of the NA session,

Today’s highlights: EURGBP’s aggressive bearish “outside” reversal at

EUR/USD is trying to bounce from its oversolddecline. The hourly resistance at 1.2988(05/09/2014 high) has held thus far.