AUD Trading Outlook Archive

Australian Dollar (AUD) Trading Outlook (16-06-2011)

June 16, 2011

The Australian Dollar (AUD) was very strong in the Asian session when RBA governor spoke hawkishly about the chance of rate hikes if the July CPI data was above the bank&rsquo s target rate. This was reversed in the stock slump and Euro crash later… Read more

Australian Dollar (AUD) Trading Outlook (15-06-2011)

June 15, 2011

The Australian Dollar (AUD) Was strong in the risk on trading environment rallying with stocks above 1.0700 before reversing later on the Euro weakness. AUD/JPY was strong pushing above Y86 on the BOJ lending facility and threatening to resume its recent uptrend. Overall the AUD/USD… Read more

Australian Dollar (AUD) Trading Outlook (14-06-2011)

June 14, 2011

The Australian Dollar (AUD) was quiet in holiday mode in Asia in Europe before snapping higher with the US stock market bounce late in the day. The outlook is closely tied with global stocks markets and how well the Chinese economy can weather its own… Read more

Australian Dollar (AUD) Trading Outlook (13-06-2011)

June 13, 2011

The Australian Dollar (AUD) the Aussie came under heavy selling pressure on the back of being directly related to the weak Chinese news. Any mention that the Asia heavyweight would be cooling down hurts sentiment towards the commodity currency. Overall the AUD/USD traded with a… Read more

Australian Dollar (AUD) Trading Outlook (10-06-2011)

June 10, 2011

The Australian Dollar (AUD) weak Jobs data hurt the Aussie sentiment with the market unable to take full advantage of the risk rally in stocks. May Employment Change was +7.8k vs. +25.4k forecast. The Unemployment remained at 4.9%. Overall the AUD/USD traded with a low… Read more

Australian Dollar (AUD) Trading Outlook (09-06-2011)

June 9, 2011

The Australian Dollar (AUD) risk off trading hurt the Aussie the most falling through support at 1.0680 and back below 1.0600 briefly before stabilizing later in the day. AUD/PJY broke below the key Y85 level with the market struggling to find support. Overall the AUD/USD… Read more

Australian Dollar (AUD) Trading Outlook (08-06-2011)

June 8, 2011

The Australian Dollar (AUD) fell back with the Euro and pressure from weak commodities. Support was found under 1.0700 and the market ended at opening levels. The RBA is ahead and could provide direction from the statement accompanying. Overall the AUD/USD traded with a low… Read more

Australian Dollar (AUD) Trading Outlook (07-06-2011)

June 7, 2011

The Australian Dollar (AUD) fell back with the Euro and pressure from weak commodities. Support was found under 1.0700 and the market ended at opening levels. The RBA is ahead and could provide direction from the statement accompanying. Overall the AUD/USD traded with a low… Read more

Australian Dollar (AUD) Trading Outlook (06-06-2011)

June 6, 2011

The Australian Dollar (AUD) the risk currency was hurt from the weak US jobs numbers and stock market reaction but was able to find support at 1.0600 and rally back above 1.0700 to close on a strong footing. Traders are also watching the AUD/JPY which… Read more

Australian Dollar (AUD) Trading Outlook (03-06-2011)

June 3, 2011

The Australian Dollar (AUD) tracked the Euro in a bounce higher helped by strong local economic data. April Retail Sales surged 1.1% vs. 0.4% previously. Commodities were mixed and the next big mover will be US jobs data tonight. Overall the AUD/USD traded with a… Read more

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