Tag Archives: EUR/AUD
Asian Currencies Technicals
The move lower continued on Wednesday with it having paused ahead of the May 2 low so far. Bears remain firmly focused on a break lower that initially targets the 200-DMA and then the 100-DMA.
Asian Currencies Technicals
After having held above the $0.9315-20 region the past week AUD/USD finally broke sharply lower before initially finding support at the 55-DMA.
Brittle consumer sentiment: more than the Budget?
This Wednesday’s release of the monthly Westpac-Melbourne Institute (W-MI) monthly measure of consumer sentiment follows a marked decline over recent weeks in the weekly Roy Morgan measure of Consumer Confidence.
Asian Currencies Technicals
Since closing above the 21-DMA on May 6 the AUD/USD has continued to find support ahead of the 21-DMA on dips. Additional layers of support converge round the $0.9319 level today with bears looking for
USD: Recovery Delayed, Not Dead
We retain conviction in our view that the US dollar recovery will gain traction as 2014 progresses and into 2015. At the same time, our mid-2014 forecasts for most G10 pairs now look to be a stretch.
Australian Markets Weekly – Change to cash rate view – on hold for a long time
We have changed our changed our RBA cash rate forecast and no longer see them cutting again late in 2014. Reasons are 1) the economy has been better than we expected and
Asian Currencies Technicals
The $0.9319 support confirmed significance Thursday with the AUD/USD bouncing from this level and the move higher pausing ahead of $0.9395.
Asian Currencies Technicals
AUD/USD consolidated Wednesday and briefly dipped below the 21-DMA before finding support at $0.8319. Bears need a close below to confirm a break of the 21-DMA and
Asian Currencies Technicals
AUD/USD has finally taken out the 21-DMA with this level seen as initial support and bears now needing a close back below to signal a false break higher and shift focus back to the $0.9202-47 region.
Australian Markets Weekly – RBA forecasts and policy focus this week
The RBA Board meeting, quarterly Statement on Monetary Policy and employment and retail sales data the highlights this week. RBA will revise down their near term inflation forecasts after a friendly Q1 report.
Australian Markets Weekly – A Budget for the Ages
Ahead of the upcoming 13 May Budget, there will be considerable interest in the Commission of Audit’s findings that are being released Thursday.
Asian Currencies Technicals
AUD/USD followed up Wednesday’s close below the 21-DMA with a continuation lower Thursday that found support at the $0.9253 level.