USD Trading Outlook Archive

AUD/USD • Europe fails to crack 0.7550/55 support, bounce to 0.7575 at NY open • USD weakness due to US sales data spikes pair up, HF noted USD sellers • 10-DMA pierced & 0.7649 high hit, pullback to 10-DMA late in day • Westpac Apr… Read more

AUD/USD • Broad based USD bid in Europe’s morning sees sub-0.7560 trade • Bounce sees 0.7580 into NY, macro sales of comdty ccys tests low early NY • 0.7600 then neared; USD/JPY slide & large 0.7600 XXX the drivers • USD rebound sees low retested,… Read more

AUD/USD • AUD impressive despite CRB collapse and brief uptick in US rates • Carry trades back in favor as Fed not seen hurting with rates • Follow through on rate reversal Tuesday helps on Aus side • 200 hma support at .7638; res at… Read more

AUD/USD Oz held on to tentative gains as bulls and contrarians try their luck on the long side after yesterday’s key reversal (higher) in Australian short rates and Retail Sales beat. AUD managed to settle midrange but up on the day despite a broad USD… Read more

AUD/USD opened Noram marts 1.2480, – 16 pips vs Friday’s close, O/N range 1.2453/91, AUD/CAD 0.9527, +0.28%; DXY +0.11%. It was an inside day after Friday’s NFP fireworks (NY range 1.2430/1.2574) and we jobbed 1.2438/83, the Loonie tracking oil higher initially. Oil futures opened firm,… Read more

AUD/USD Increased chatter of an RBA rate cut combined with a new iron-ore trend low to weigh AUD/USD in Europe’s morning. The pair neared the 0.7550 barrier as NY got going. Early NY saw that barrier cleared as the USD was firm early on. The… Read more

AUD/USD Increased chatter of an RBA rate cut combined with a new iron-ore trend low to weigh AUD/USD in Europe’s morning. The pair neared the 0.7550 barrier as NY got going. Early NY saw that barrier cleared as the USD was firm early on. The… Read more

AUD/USD The pair was hit hard in Europe’s morning as the USD saw a broad based spike higher. AUD/USD dived from the 0.7635 area to a low of 0.7583 before bouncing a bit into NY’s open. The pair sat near 0.7605 as NY got going… Read more

AUD/USD Bear pressure remained on AUD/USD for the early part of NY trading as the pair hugged the 0.7600 area. The pressure was applied as the market had geared up for month-end AUD sales. Bears were disappointed though as the fixing saw the pair spike… Read more

AUD/USD Bear pressure remained on AUD/USD during NY’s session. The pair sat near 0.7670 into the open and was weighed upon immediately. The combination of upped concerns for an RBA rate cut, new trend low for iron-ore and a broad based USD bid had the… Read more