USD Trading Outlook Archive

AUD/USD Europe ignored the soft NAB data and instead focused on USD weakness. They rallied AUD/USD from the 0.8232 area towards 0.8285 as NY got going. NY applied bull pressure as US bond yields saw a nice slip to drive USD/JPY off a cliff. AUD/USD… Read more

AUD/USD Early Europe saw the pair near 0.8260 but bears were reluctant to press their luck. USD/JPY went on a slow & steady decline and that inspires some broad based USD long covering. AUD/USD lifted in Europe’s morning and tested old support/now resistance at 0.8315… Read more

AUD/USD The pair held a very tight range in Europe’s morning ahead of the US jobs data. 0.8361/87 defined the action and the pair sat just above 0.8370 into the jobs data. The solid data print sent the USD &US bond yields soaring. AUD/USD made… Read more

AUD/USD After giving up all the retail sales inspired gains Europe lifted the pair off the day’s 0.8356 low. Profit taking had the pair near 0.8375 as NY got going. Early NY saw the lift gather pace as the USD went broadly offered on USD/JPY’s… Read more

AUD/USD The pair spent Europe’s morning lifting off Asia’s low. The move saw the pair rally from near 0.8390 towards 0.8420 into NY’s open. EUR/AUD’s break below 1.4700 and subsequent drop near 1.4605/10 aided AUD/USD’s rise. NY added to the gains early on after ADP… Read more

AUD/USD The pair gave up all the gains made post-RBA. Europe shrugged off the statements as well as JPY weakness to instead focus on broad base USD strength. AUD/USD slid from above 0.8520 and sat near 0.8460 as NY got going. NY applied pressure early… Read more

AUD/USD Europe couldn’t add to losses after Asia set a new trend low for AUD/USD. The combination of a slumping USD and US yields along with rebounds in commodities had shorts scrambling to cover. The buys took the pair from near 0.8425 towards 0.8500 before… Read more

AUD/USD drifted up off the bottom after holding another run at Wednesday’s .8480 lows, but remains a favorite target of the bears as commodity weakness spreads beyond oil. Metals and mining sectors got hammered, suggesting that behind the OPEC headlines there is a broader demand… Read more

AUD/USD The pair was quiet to start Europe’s morning but it quickly came to life. Stops in AUD/NZD were tripped on the 1.0900 break and a large US name spiked EUR/AUD higher from the 1.4570 area up near 1.4700. This combination saw AUD/USD dive from… Read more

AUD/USD Europe smashed AUD across the board after the RBA’s Lowe commented that the AUD was high and noted the RBA was in a fortunate position that it could lower rates if needed. AUD/USD dived from the 0.8610 area towards 0.8525 before bouncing near 0.8545… Read more