USD Trading Outlook Archive

AUD/USD O/n carry-over highs from a weak USD following Tues’s weak Durables report was followed by selling in early London and a second small slide after the Fed statement kept the patient tightening scenario intact. AUD/USD fell to 0.7900 during the Asian morning session when… Read more

AUD/USD wasn’t able to make much bullish headway in NY’s session even as the USD tumbled against most other major currencies. The pair got only a small boost off the below forecast durable goods orders as it traded to a 0.7975 high. A upbeat US… Read more

AUD/USD The pair lifted in early NY and nearly matched Europe’s 0.8234 high as the USD was broadly offered. The gains were quickly erased though as AUD was sold off in sympathy with CAD after the surprise BoC rate cut. Market sentiment seemed to be… Read more

AUD/USD Action was a bit limited for the pair but AUD/USD did have a bearish tint to it for Europe & NY. The pair slid from 0.8218 in Europe’s morning towards 0.8205 as NY got going. Bear pressure remained in NY for the most part… Read more

AUD/USD short covering was the there for Europe & NY. Once AUD/JPY’s slide abated Europe lifted AUD/USD off the 0.8065/70 area and had it at the 200-HMA into NY’s open. NY kept the squeeze going after retail sales was well below estimates. AUD/USD spiked up… Read more

AUD/USD The NY session saw the pair hold a relatively tight range above the 200-HMA. The pair was basically directionless between 0.8130 and 0.8170 as it was buffeted by a falling AUD/JPY and USD/JPY. The upcoming Oz jobs report on Jan 15 (Oz time) is… Read more

AUD/USD the 200-HMA turned into support overnight as Europe bought the dip down to the average. The pair rallied & sat just above 0.8140 into NY’s open and into the jobs report. Whippy price action ensued post-data release but bulls eventually reigned as the market… Read more

AUD/USD Europe held the pair to a tight range as it hugged the 0.8070 area. NY applied bear pressure though as the greenback was generally firm on the back of a new trend low for EUR/USD and USD/JPY climbing back above 119.50. This saw AUD/USD… Read more

AUD/USD Europe weighed on the pair early doors and the pair’s slide picked up the pace after the break of lows seen ahead of the Oz jobs report. A quick move down to 0.8235/40 support met buyers. The pair bounced towards 0.8290 into NY’s open…. Read more

AUD/USD A tight range held in Europe after the bounce post-China CPI. The pair traded in the 0.8310/40 range and sat near the upper limit heading into NY’s open. Early NY saw the pair push a bit high as the USD was generally soft. The… Read more