Tag Archives: AUD/USD
Daily Technical Report
EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.
The Global Macro Pulse
EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
UBS Morning Adviser
Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.
AUD/USD Analysis
Aussie had a slightly positive day despite a surprise drop in the trade data to post a -A$122 million deficit (MNI Median forecast was a A$300 million surplus), with exports down 1% and imports up 2%.
Asian Currencies Technicals
The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips.
Daily FX Wrap and Strategy
The grind lower continues. NZD/USD is 0.2% weaker thismorning, holding just above 0.8410.
Daily FX Update
Entering the second half of the week, FX markets are trading in narrow ranges as looming risk of central bank meetings and nonfarm payrolls looms.
FX Daily Majors
Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.
Credit Agricole: We Stay AUD Long
The AUD has been stable of late, mainly due to the RBA keeping investors’ rate expectations stable.
Daily Technical Report
EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).
The Global Macro Pulse
The USD gathered strength in Asia trading, supported by higher US yields overnight. The 10y US Treasury yield retraced very marginally to 2.586% but still net 6.5bps higher than yesterday’s open.