AUD Trading Outlook Archive

Looking Ahead – Economic Data (GMT) • 02:00 NZ RBNZ 2-Year Inflation Expectation Q1 2.34%-prev • 02:00 CN Conf Board China January LEI • 05:00 JP Small Business Confidence FEB 51.3-prev

Looking Ahead – Economic Data (GMT) • 1:30 CN China house prices Jan 9.90%-prev

Looking Ahead – Economic Data (GMT) • 21:00 NZ Govt optg balance Dec -20.80%-prev • 21:00 NZ Govt. monthly debt Dec 27.60%-prev

Looking Ahead – Economic Data (GMT) • 23:50 JP Foreign bond investment w/e -617.2b-prev • 23:50 JP Foreign invest JP stock w/e -76.4b-prev • 23:50 JP Exports yy Jan f/c 12.60%, 15.30%-prev • 23:50 JP Imports yy Jan f/c 21.80%, 24.70%-prev • 23:50 JP Trade… Read more

Looking Ahead – Economic Data (GMT) • 00:30 AU Wage price index qq Q4 f/c 0.60%, 0.50%-prev • 00:30 AU Wage price index yy Q4 f/c 2.60%, 2.70%-prev • 04:30 JP All Industry Act Idx mm DEC f/c 0.1% 0.3% • 05:00 JP Coincident Index… Read more

Oil prices been boosting up due to icy weather condition in the U.S. and also ongoing concerns from supplies in Libya with a price of 100.30 USD per barrel. Other metal groups pushed higher as bulls held EUR/USD above 1.3700.

VOLMAP ? 1W 1M 2M 3M 6M EURUSD 6.10 6.55 6.74 6.70 6.99 USDJPY 8.54 8.84 9.00 9.04 9.50 USDCAD 7.04 6.99 6.99 6.92 6.94 USDCHF 7.55 8.04 8.23 8.19 8.51 GBPUSD 6.66 6.81 6.79 6.72 6.95 AUDUSD 10.03 9.18 9.09 9.01 9.37 NZDUSD 9.38… Read more

More volatile range trading is the likely outcome roughly between .9100/.9160. GDP data should only have a short-term impact (unless it’s very wide of the expected mark) but I’m sticking to my short-term bullish bias.

We should see plenty of volatility today with major risk events for the AUD. I think we may see the AUD make further gains against the JPY and EUR in particular but if AUD/USD breaks below .9050, then the AUD bears will return.

I’m again tending towards playing AUD/USD from the long side intraday but I’m not overly confident, given the spate of risk events over the next few days. We are opening near .9125 so I favour being patient and looking to buy dips towards .9080 with… Read more