USD Trading Outlook Archive

The Australian Dollar (AUD): The pair continued to drift lower in Europe and NY session. Softness in EM markets seemed to be the catalyst for the pair’s slide and got the AUD to test support of 0.9240/30 region. Upcoming events for this week that will… Read more

The Australian Dollar (AUD): The pair consolidated close to 0.9250 area for most of Europe and NY sessions as 0.9250 capped gains. Commodity currencies, led by USD/CAD’s break below 1.1070, went broadly bid and AUD/USD cracked through the barrier. The pair rallied to a high… Read more

The Australian Dollar (AUD): The pair rallied higher after Governor Steven’s speech in Hong Kong on the economy outlook. Bulls continued to push in NY session to a high of 0.9245. No further gains were seen as 0.9250 barrier holds and yen crosses weakness caused… Read more

The Australian Dollar (AUD): The pair had little movements during most of the NY session, consolidating in the 0.9140-55 range. After Draghi’s speech USD weakness permeated the market. AUD/USD ran light stops through 0.9160 and hit a high of 0.9175. Little data is due so… Read more

The Australian Dollar (AUD): Initial China PMI caused the pair to drop and dips were bought through out Europe and NY. 0.9120/30 was capped at the start but rally continued as broad based USD selling ignited by EUR/USD’s stop loss run spike higher. 0.9150 was… Read more

The Australian Dollar (AUD): Short covering remained from last week, the pair opened up at 0.9082 and rally started immediately pushing the AUD above 0.91. Today’s main focus will be the Chinese March HSBC manufacturing PMI. The prior reading was 48.3 which indicates contraction. If… Read more

The Australian Dollar (AUD): Sell off continued from Europe session to NY.The pair dropped below 0.90 to 0.8995 as copper slid and equity market set to open lower. However, no further loss was seen as exporter bids into 0.8980-90 support zone. AUD then slowly climbed… Read more

The Australian Dollar (AUD): The pair initially played in a tight range above 0.9100. The hawkish FOMC statement pushed the AUD down to 0.9060/65 support, bears continued jumping in on a strong USD basis and pushed the pair to a low of 0.9020. No major… Read more

The Australian Dollar (AUD): Europe bought the dip on the pair near 0.9055/65, bulls kept the pressure and further pushed the AUD to a high of 0.9135. AUD cross buying especially vsing the EUR and GBP from macro & momentum names emerged.

The Australian Dollar (AUD): AUD and other high beta currencies rallied in London and NorAm trading as tensions in China and Crimea from last week failed to immediately pay off following the Crimean “referendum”. Safe heavens were sold, putting AUD/JPY in front. RBA minutes at… Read more