Tag Archives: AUD/USD

The Global Macro Pulse

In FX, EUR continued to inch lower to 1.312 ahead of Thursday’s ECB meeting.

The pair started this morning at $0.9329, just below the $0.9340 NY Friday close to start the new week and

Blockbuster week in Australia with loads of key economic data, an RBA rate decision tomorrow, and a speech from the RBA Governor on Wednesday.

Last week’s rally saw spikes above the 55-DMA ($0.9361) with the rally remaining capped at $0.9374 which is the last line of defence for bears.

Last week’s rally saw spikes above the 55-DMA ($0.9361) with the rally remaining capped at $0.9374 which is the last line of defence for bears.

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,

Today’s highlights: EURJPY is attempting to break its medium-term uptrend at 136.57.

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).

The USD was broadly stable against majors. EURUSD and USDJPY held steady at 1.318 and 103.73 respectively.

The pair had a lackluster session this morning after it had closed in the US at $0.9357.

The NZD/USD has trade a relatively tight range over thepast 24-hours to sit marginally higher, at 0.8380, this morning.

Higher daily highs has resulted in a test of the $0.9374 resistance which is the last line of defence for bears.