USD Trading Outlook Archive

AUD/USD Europe pressed res near 0.7835/40 just ahead of NY’s open. Once it couldn’t be broken some profit taking took hold. That slide gather pace after US Q4 GDP was a bit above forecast. The USD put in a broad based rally and AUD/USD suffered… Read more

AUD/USD The pair defied narrowing yield spreads in Europe and the pair’s post-CAPEX bounce set a new s-t trend high. The pair hit a high of 0.7914 which the bear flag top. The pair began sliding as the USD put in a solid rally. NY… Read more

AUD/USD NY walked in with AUD/USD near the lower end of Europe’s range. Early action saw the pair rise from the 0.7870 area and test towards 0.7890. AUD/NZD then rallied up to the 1.0475/80 zone to give AUD/USD an added boost. THe pair hit a… Read more

AUD/USD The key 0.7720/40 support zone was neared in Europe’s morning but couldn’t be taken out. The ensuing short covering bounce saw the pair lift near 0.7770 ahead of Yellen’s testimony. The initial USD rally after Yellen’s comments were released saw the support zone tested… Read more

AUD/USD Both Europe & NY made attempts to break below the 200-HMA but failed the resulting bounces were limited though. AUD/USD’s bounce off the MA could only reach s-t hourly resistance near 0.7815. The bounces were likely limited due to generally heavy commodity prices and… Read more

AUD/USD A heavy USD and sales in EUR/AUD down to the 1.4390 area had AUD/USD just below 0.7850 into NY’s open. Bulls couldn’t make a serious run at offers in the 0.7850/60 zone and the pair began slipping. The slide accelerated as risk sold-off, option… Read more

AUD/USD The pair defied early USD strength and continued its bounce off Europe’s 0.7757 low as NY got going. The pair sat near 0.7790 in early NY and dipped briefly towards 0.7775 on the better than f/c jobless claims. The dip was bought though and… Read more

AUD/USD Europe dumped the pair after offers in the 0.7830/50 zone proved too chunky. The slide saw the pair near 0.7800 as NY got going. NY applied bear pressure as well as US bond yield added to gains from yesterday. AUD/USD steadily slipped lower in… Read more

AUD/USD The 0.7829 high of the session for AUD/USD came in early NorAm trade and after the slightly less-dovish-than-forecast RBA Minutes pried loose some stale shorts. The odds of a March RBA rate cut weakened to about even money, while the AUD-JPY 2-yr spread rebounded… Read more

AUD/USD NY took advantage of the discount London offered them vs the o/n high of 0.7793 (post RBA Steven’s Q&A). A slightly less dovish Stevens session, higher commodity prices and general USD softening in the wake of Thur’s poor Retail Sales and Claims data underpinned… Read more