USD Trading Outlook Archive

AUD/USD Europe rallied AUD/USD towards 0.9390/95 resistance after another attempt to break below the daily cloud and 0.9320/30 support failed in Asia. Early NY was quiet until Canadian CPI came out above f/c. commodity currencies went bid across the board after the data. AUD/USD spiked… Read more

AUD/USD Frustrated AUD bears continued to cover some of their short positions in European and NY hours. Sales of EUR and NZD vs. AUD worked together with soft US yields to keep AUD/USD generally firm through both session. Europe pushed the pair from near 0.9360… Read more

AUD/USD Europe walked in and saw the pair couldn’t break through 0.9320/30 support or the thin daily cloud and began some light short covering. From the 0.9329 low they pushed the pair near 0.9345 as NY got going. NY continued the slow & steady squeeze… Read more

AUD/USD Once Europe got going and saw the boost from the RBA minutes faded and the improved China loan data was shrugged off they smacked AUD/USD down fairly hard. Bears took the pair from near the 21-DMA (0.9398) to just below 0.9360 before the pair… Read more

AUD/USD Numerous attempts to rally AUD/USD above the 21-DMA (0.9401) in European and NY hours failed. Bulls were reluctant to push the pair too far ahead of the RBA minutes for fear the content will hold some dovish comments that reflect recent Stevens rhetoric. NY… Read more

AUD/USD The steady ascent off the July 10 low persisted in Europe as s-t bears became frustrated. AUD/USD was pushed to just above 0.9400 as NY got going. the short covering remained through the early NY hours and a high of 0.9409 was hit. All… Read more

AUD/USD Europe added to losses from Asia as concerns about EZ banks had risk assets trading heavy. Bears pushed the pair to hourly support near 0.9355/60 and the pair sat just above that level as NY got going. It looked as if another run at… Read more

AUD/USD Tight ranges prevailed for Europe and most of NY. The pair held a 0.9390-0.9418 range for the most part as the mkt awaited the FOMC minutes. The Fed’s tip to ending QE in October if econ conditions warrant it spiked the USD up. AUD/USD… Read more

AUD/USD Overall USD weakness allowed AUD/USD’s recovery off the Asia low to persist in Europe & NY. Action was limited though as NY walked in with the pair just below 0.9360. Steady pressure on the USD saw AUD/USD lift toward 0.9375. No further gains were… Read more

AUD/USD Europe didn’t allow the pair to take back any losses after Stevens’ comment and the weak Oz retail sales data. The Europe high was limited to 0.9383 and the pair sat just below that as NY got going. The big beat on the jobs… Read more