The Australian Dollar (AUD) the Aussie was pushed lower with the Euro in risk off trading in Asia and Europe and rebounded aggressively with Gold breaking above $1600 and the USD coming under pressure. AUD/NZD hit multi month lows as the NZD outperforms on strong… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (19-07-2011)
July 19, 2011Australian Dollar (AUD) Trading Outlook (18-07-2011)
July 18, 2011The Australian Dollar (AUD) the Aussie was punched lower in European trade on the negative sentiment as Moody& rsquo s put the US Rating on negative watch. The US session saw modest stock gains however and the AUD stabilized in the low 1.0600 region. Overall… Read more
Australian Dollar (AUD) Trading Outlook (15-07-2011)
July 15, 2011The Australian Dollar (AUD) tracked the Euro lower on profit taking and then hit day lows after Bernanke signaled QE3 was not on the table currently. Interest to buy on dips is still evident and the prices of some crosses are still attractive with AUD/JPY… Read more
Australian Dollar (AUD) Trading Outlook (14-07-2011)
July 14, 2011The Australian Dollar (AUD) enjoyed 200 pips gains to test 1.0800 after the US debt warning. AUD/JPY rallied throughout the day with BOJ officials beginning to talk about the sharp fall in the USD/JPY in recent sessions. Overall the AUD/USD traded with a low of… Read more
Australian Dollar (AUD) Trading Outlook (13-07-2011)
July 13, 2011The Australian Dollar (AUD) came under heavy selling pressure with the risk sensitive currency causing some major liquidation flows on the major and key crosses like the AUD/JPY. The AUD/JPY crashed to Y83.25 before rebounding on BOJ rumors late in New York Trade. Overall the… Read more
Australian Dollar (AUD) Trading Outlook (12-07-2011)
July 12, 2011The Australian Dollar (AUD) broke lower under 1.0700 in Asia and added to the losses in the US session hitting support under 1.0650 before bouncing. AUD/JPY fell heavily and is heading towards Y85 a major medium term support. Overall the AUD/USD traded with a low… Read more
Australian Dollar (AUD) Trading Outlook (11-07-2011)
July 11, 2011The Australian Dollar (AUD) fell back heavily on the weaker than expected US jobs data and subsequent weak stock market moves. Support was found near 1.0700 but the market was greeted with strong Chinese inflation data over the weekend which could prompt heavy liquidations if… Read more
Australian Dollar (AUD) Trading Outlook (08-07-2011)
July 8, 2011The Australian Dollar (AUD) surged above 1.0700 in Asia after some very strong June Employment figures at 23.4k vs. 7.8k previously. Inside those figures showed a +50k fulltime employment bounce which now puts further rate hikes back on the table if Q2 CPI figures come… Read more
Australian Dollar (AUD) Trading Outlook (07-07-2011)
July 7, 2011The Australian Dollar (AUD) range traded for most of the day under pressure due to the Euro led USD strength and China rate hike but supported from strong Gold and US stocks which ignored the negative news. Overall the AUD/USD traded with a low of… Read more
Australian Dollar (AUD) Trading Outlook (06-07-2011)
July 6, 2011The Australian Dollar (AUD) the RBA meeting was the big news as they held at 4.75% but were more dovish than expected in the accompanying statement citing risk to the growth forecast for next year and concern that employment growth will be slow in the… Read more