USD Trading Outlook Archive

The Australian Dollar (AUD): The AUD rallied steadily yesterday towards 0.9375 into NY open and hit a high of 0.9386. However, no further gains were seen as 0.9400 barrier and the upcoming Aus Govt budget announcement to sap the positive energy. The early gains were… Read more

The Australian Dollar (AUD): AUD was generally bullish but was mostly pressured by the crosses, especially against EUR and CAD. Follow on from Draghi’s Thursday statement, EUR/AUD cleared 1.4710 support to retest 1.4690-95 while the weak CA jobs results pressed AUD/CAD up to the 30DMA… Read more

The Australian Dollar (AUD): AUD consolidated the gains inspired by another strong OZ jobs data and also a better than f/c China trade data. The pair held within the 0.9370-95 zone. However, bigger impact on AUD was felt vs the EUR on Draghi’s comments. EUR/AUD… Read more

The Australian Dollar (AUD): The pair traded in a bearish tone to a low of 0.9319. Yellen’s testimony weakened the USD, her tip to recent housing weakness and continued sloppy labour sent U.S yield tumbling. AUD/USD lifted off the lows and hit 0.9343 where it… Read more

The Australian Dollar (AUD): Europe ran stops above 0.9315 just before NY walked in. Broad based USD pressure and the basically unchanged RBA statement gave bulls courage to push the pair towards 0.9340 into NY’s open. The USD found little relief from bears for most… Read more

The Australian Dollar (AUD): After the inspired rally to the 21-DMA, the AUD/USD lost steam and settled into 0.9252/0.9285 range for both Europe and NY sessions. Narrowing yield spreads and trend resistance off April high managed to cap bullish momentum and aldo due to upcoming… Read more

The Australian Dollar (AUD): A much better than expected NFP number ripped the AUD/USD lower to test support near the April low. A low of 0.9203 was made and no further losses were seen as the market took a look at the internals of the… Read more

The Australian Dollar (AUD): AUD/USD was posting a loss directly on the release of the Chinese data that came in the form of the Manufacturing PMI for the month of April came at 50.4 vs 50.5 expected, however returned back within a blink of an… Read more

The Australian Dollar (AUD): The ADP had little effect but US GDP miss put broad pressure on the USD. The AUD rallied above 0.9290 but the much better than f/c Chicago PMI and persistent firmness in EUR/AUD saw hourly support near 0.9250/55 tested.

The Australian Dollar (AUD): A test of 0.9205/25 support failed overnight, bears started to worry and took some early profits. Europe session came in, saw this as an opportunity and lifted the pair to near 0.9260-70 area. However, no further gains were seen as bears… Read more