Tag Archives: USD/KRW
Asian Currencies Technicals
AUD/USD followed up Wednesday’s bearish key day reversal with a continuation lower that paused just short of the $0.9568 support and the rising daily trend line off the Aug 30 low.
The Global Macro Pulse
Overnight Price Action Equities pared losses after a better-than-expected China flash PMI but markets remained nervous on signs of further tightening in China’s interbank liquidity.
Asian Currencies Technicals
A bearish key day reversal for the AUD/USD on Wednesday after the pair marginally traded above the 200-DMA for the first time since mid-April.
The Global Macro Pulse
Overnight Price Action A bounce of profit taking and concerns on China big banks’ debt write-offs caused heavy equity selloffs.
Asian Currencies Technicals
AUD/USD touched fresh 5 month highs with the mover higher spiking above the 50% Fibonacci retracement level and falling just short of the 200-DMA despite very overbought daily tech studies.
The Global Macro Pulse
Overnight Price Action S&P futures fell 0.9%. The US 10yr yield is flat to the New York close at 2.6014%.
Asian Currencies Technicals
AUD/USD marginally traded at fresh 5 month highs yesterday before consolidating as the rising 21 day upper Bollinger band ($0.9656) caught up following the recent daily closes well above.
The Global Macro Pulse
Overnight Price Action Equities have rallied in Asia even as rates markets have drifted and the USD has risen slightly.
Asian Currencies Technicals
AUD/USD: The move to fresh 5 month highs sees immediate focus shift to the 200-DMA at $0.9762 with a close above the June 3 high needed to confirm a break of the 200-DMA.
The Global Macro Pulse
Overnight Price Action The Nikkei held flat while most Asian stocks rose. Shanghai and Shenzhen extended gains to 0.5% and
Asian Currencies Technicals
AUD/USD: The move higher paused ahead of the targeted $0.9665 level, closing well above the sharply rising 21 day upper Bollinger band ($0.9575).
The Global Macro Pulse
Overnight Price Action Following the S&P’s 1.4% rally overnight, futures are down just under 0.1%,