USD Trading Outlook Archive

AUD/USD Sounding like a broken record, but the sideways churn continues. The NorAm session was a mirror image of the previous day, this time with AUDUSD briefly washing out the bottom of the recent range below .9290 before recovering back above .9300 fig. The Fed… Read more

AUD/USD churned sideways in the NorAm session finishing unchanged on the day from Friday’s close at .9325. The pair was supported by a snappy global equity rally but capped by a continued slide in commodity prices, ending in a stalemate. Spec longs were trimmed slightly… Read more

AUD/USD After Asia failed to break the pair above structural resistance in the 0.9330/40 area Europe slid the pair down near 0.9315 before a bounce had it just above 0.9320 into NY’s open. An early NY lift faded quickly as the USD firmed. AUD/USD slipped… Read more

AUD/USD The USD was generally soft in Europe but AUD/USD seemed to only grudgingly climb higher. The pair lifted from near 0.9300 to just above 0.9320 before pulling back near 0.9315 into NY’s open. The pace of the ascent may have been influenced by another… Read more

AUD/USD A steady drift up took hold in Europe after the August Westpac confidence data improved. The ascent had AUD/USD near 0.9295 into NY’s open. It held steady near that level in US retail sales. The sales report had no redeeming qualities and the USD… Read more

AUD/USD The pair spent most of NY near the top end of the day’s 0.9248-0.9278 range. The combination of improved AU econ data, wider yield spreads and a soft USD allowed the pair to linger just under 0.9280 for almost the entire NY session. The… Read more

AUD/USD Although the market was generally subdued, AUD/USD’s downside remained in focus. The pair remained under pressure for the NY session as the USD was firm and US bond yields were up early in the day. The pair slid to a low of 0.9259 and… Read more

AUD/USD Europe lifted the pair off Asia’s low as the sour risk sentiment from the air strike new and SOMP faded. The pair lifted from the 0.9240 area and sat just above 0.9270 into NY’s open. The shift in risk sentiment carried over to NY… Read more

AUD/USD could hardly get off the mat during European and NY hours after the disappointing jobs report. The pair drifted slightly higher from the day’s 0.9259 low during Europe’s morning and eventually hit 0.9283 heading into NY’s afternoon. The pair slide from NY’s high and… Read more

AUD/USD Europe rallied the pair towards 0.9320 after Asian bids near 0.9290 stemmed the overnight slide. A dip just ahead of NY’s open saw the pair back near 0.9300 but the dip was bought. The USD was generally soft and a large 0.9300 expiry aided… Read more