AUD Trading Outlook Archive

Australian Dollar (AUD) the Aussie reversed as support disappeared even with stocks up and Gold higher. A string of poor economic data last week finally took its toll and we saw the risk currency moving back below 1.0600 into the weekend. On Monday the AUD/USD… Read more

Australian Dollar (AUD) the Aussie shrugged off the poor February Employment data of -15k to rally past 1.0600 into Asia and 1.0670 in the US session. The AUD/USD direction is primarily decided by the daily stock market movements and much to the bemusement of fundamental… Read more

Australian Dollar (AUD) the Aussie has been under attack so far this week testing 1.0500 after weak Q4 GDP data and only saved by the risk on rally in stocks during the US session. UPDATE February Employment change -15.4k vs. 5k forecast adding to the… Read more

Australian Dollar (AUD) the 1.0600-1.0840 range broke decisively overnight with the China slowdown and Greece fears pushing the risk currency to 1.0550. The market then sold to 1.0500 on weaker than expected GDP data released early in Asia morning Wednesday. UPDATE Q4 GDP at 0.4%… Read more

Australian Dollar (AUD) the Aussie fell on the China news with the two countries fates interlinked and any Chinese data being traded through the AUD/USD of late. The RBA is today with a hold expected given recent stronger Aussie jobs data. Looking ahead, RBA Rate… Read more

Australian Dollar (AUD) the Aussie pulled back to 1.0730 from 1.0800 with the RBA ahead tomorrow the main risk event for the week with most looking for a hold at 4.25%. Looking ahead, UK February PMI services forecast at 54.9 vs. 56 previously.

Australian Dollar (AUD) the AUD/USD moved back above 1.0800 and is also enjoying support as a rusk currency with commodities all stronger led by Oil and Copper. The AUD/JPY is moved to fresh year highs above Y87.60 and is very strong approaching Y88 and Y90… Read more

Australian Dollar (AUD) the AUD/USD broke to fresh year highs above 1.0845 but only briefly as US stocks and the Euro fell heavily in New York. The market is still strong but cannot rally alone and if stocks fall then AUD/USD will be under pressure…. Read more

Australian Dollar (AUD) the AUD/USD grinded higher but since we already close to resistance it was hard work towards 1.0800 overnight. January Retail Sales came out at 0.3% m/m as expected and helped the pair push above 1.0800 in Asia trade Wednesday. Looking ahead, January… Read more

Australian Dollar (AUD) the underperformance of the Aussie was reversed yesterday with the pair the best performing currency in the US session gaining heavily across the board. Resistance is seen at 1.0800 which has held the top of the recent range.