Tag Archives: GBP/AUD
Australian Markets Weekly
AUD: Multiple Pressures • Emerging market volatility should weigh on the AUD, but this is not the Asia Crisis II.
Australian Markets Weekly
We recently moved our AUD forecasts lower, to accommodate the softening domestic economy and the lower RBA interest rate profile.
Australian Markets Weekly
It has been a topsy-turvy week for short end interest markets. Last Monday the market had a 68% chance of a rate cut in August priced in.
FX Trends daily (FOCUS: GBP/AUD)
After a consolidation, the cross has held above a support at 1.6320 (short term retracement) and
Some like it hot
Seasonal price swings stem from the comings and goings in, and changes of behaviour of, groups of market participants at different points in time.
FX Trends daily (FOCUS : GBP/AUD)
The cross has sharply bounced in the recent weeks and hit a high point at 1.5663, slightly above a medium term resistance (currently at 1.5636) before starting a correction.
FX Trends daily (FOCUS: GBP/AUD)
The cross has bounced in the recent weeks and has tested an important resistance at 1.4945 (former medium term support now resistance).
FX Trends daily (FOCUS : GBP/AUD)
GBP/AUD After a rebound, the cross has failed to clear a resistance at 1.5380 last week before a resumption of the downtrend. This last trend should extend toward January low at 1.4965.
FX Trends daily (FOCUS: GBP/AUD)
GBP/AUD The cross has stabilized above a support at 1.5267 which signals a new test of the short term resistance at 1.5451 (retracement of 38% of the downtrend between October & November 2012).
Global Technical Watch – More expansive improvement
As risk sentiment continues to improve, some of the lagging currencies, such as the INR, have turned a corner.
FX Trends daily (FOCUS: GBP/AUD)
GBP/AUD After a rebound earlier this week, the cross failed to clear a short term resistance line at 1.5420, which signals an extension of the consolidation in the short term toward 1.5160, and possibly toward 1.4990.
FX Trends daily (FOCUS : GBP/AUD)
GBP/AUD The cross has sharply bounced in the recent weeks and has tested (and slightly breached) yesterday a resistance at 1.5623 before a consolidation.