The Australian Dollar (AUD) The Aussie was very strong rallying the entire European and US session on improving risk appetite and investor demand for the high yielding commodity currency. Recent economic data has been weaker than expected from Australia and is letting traders enjoy good… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (06-12-2010)
December 6, 2010Australian Dollar (AUD) Trading Outlook (03-12-2010)
December 3, 2010The Australian Dollar (AUD) extended Wednesday&rsquo s rally back above 0.9700 and developing a buoyant feeling as commodities and stocks rally. Economic data however is weakening with October Retail sales falling -1.1% vs. 0.3% forecast m/m. Overall the AUD/USD traded with a low of 0.9621… Read more
Australian Dollar (AUD) Trading Outlook (02-12-2010)
December 2, 2010The Australian Dollar (AUD) was very volatile falling heavily after weaker than expected Q3 GDP at +0.2% vs. +0.5% before the market tracked the Euro and stocks turning positive and then gaining on the day. Risk appetite continues to be the biggest contributor to intraday… Read more
Australian Dollar (AUD) Trading Outlook (01-12-2010)
December 1, 2010The Australian Dollar (AUD) was under pressure being sold on rallies given the weakness in Chinese stocks and Portuguese debt downgrade warnings. October Building Permits were strong gaining +9% vs. 1.5% forecast. Overall the AUD/USD traded with a low of 0.9542 and a high of… Read more
Australian Dollar (AUD) Trading Outlook (30-11-2010)
November 30, 2010The Australian Dollar (AUD) was volatile falling heavily in Asia before rebounding in Europe and then crashing in the US session. The market continues to be very closely linked with Equity markets and the Euro direction. Overall the AUD/USD traded with a low of 0.9565… Read more
Australian Dollar (AUD) Trading Outlook (29-11-2010)
November 29, 2010The Australian Dollar (AUD) fell heavily after breaking support at 0.9710 and RBA Governor Stevens stated that RBA may hold for some time after raising rates aggressively during the previous year. AUD/JPY is becoming the preferred way for traders to express risk as the USD/JPY… Read more
Australian Dollar (AUD) Trading Outlook (26-11-2010)
November 26, 2010The Australian Dollar (AUD) was very well supported off lows in Asia and shrugged off another attempt lower in European session before staging a rally in the US session. The market is caught between ongoing China tightening/European Concerns and general investor optimism creating demand for… Read more
Australian Dollar (AUD) Trading Outlook (25-11-2010)
November 25, 2010The Australian Dollar (AUD) was very well supported off lows in Asia and shrugged off another attempt lower in European session before staging a rally in the US session. The market is caught between ongoing China tightening/European Concerns and general investor optimism creating demand for… Read more
Australian Dollar (AUD) Trading Outlook (24-11-2010)
November 24, 2010The Australian Dollar (AUD) broke below the recent trading range low and fell quickly to 0.9710 as the risk sensitive currency reacted to the negative news and stocks. AUD/JPY selling could continue as the market has been quite long on this important cross in recent… Read more
Australian Dollar (AUD) Trading Outlook (23-11-2010)
November 23, 2010The Australian Dollar (AUD) tracked the risk on/risk off change in investor sentiment rallying to 0.9950 highs during the European session before falling sharply to the lower 0.9800 levels. The outlook is cautious with the recent large uptrend in danger of unwinding if the stock… Read more