USD Trading Outlook Archive

The Australian Dollar (AUD): Risk sentiments from Russia/Crimea tensions increased pressure on AUD’s post capital expenditure data which drove the pair down to a low of 0.8903. AUD/USD then bounced back up, as talk of exporter bids in the 0.8880/0.8900 zone and had the pair… Read more

The Australian Dollar (AUD): Report showed that the early sell off in Asia session yesterday was created by a UK seller. The pair gained back to around 0.9025 as Europe session started but as the USD went bid and emerging currencies were soft, the NY… Read more

The Australian Dollar (AUD): Europe session bought the brief dip on the recent weak CNH and CNY which pushed AUD to a high of 0.9044 before it slid back to 0.9030 in NY open. The pair was stuck in a relatively tight range but due… Read more

The Australian Dollar (AUD): The pair fell back to a low of 0.8937 in Asia session due to higher USD/CNH. However, Europe saw the downside movement was limited and begun squeezing shorts. 0.90 level was first rejected but USD weakness showed across the board, bulls… Read more

The Australian Dollar (AUD): The pair slid back down below 0.90 in NY’s open on concerns of a spike higher in USD/CNH. As USD started to strengthen against most currencies which added extra weight on the AUD reflecting the weak data shown from last week…. Read more

The Australian Dollar (AUD): AUD/USD crushed down to a low of 0.8936 after Chinese PMI came out lower than expected at 48.3. Breaking the pivot of 0.8990 but once again held on the support of 0.8920 and pushed back up above 0.90. Another range trade… Read more

The Australian Dollar (AUD): AUD/USD drove up to 0.9045 in early European session bouncing off from intital support of 0.8990. However, it was unable to make further gains and dropped back towards 0.9030 into NY’s open. This morning, the FOMC minutes announced to continue tapering… Read more

The Australian Dollar (AUD): AUD/USD rallied after yesterday’s RBA Monetary Policy statement where RBA showed less concern on the recent strong AUD. The pair pushed all the way to 0.9080 but bounced back hard from the resistance of 0.9085 as bulls showed tiredness from the… Read more

AUD/USD once again pushed back up after dropping below 0.90 from a slightly higher than expected unemployment number last Thursday. Bears who sold into the data would be looking for other opportunities to provide some protection against the market. Friday session was relatively stable however,… Read more

Currencies Volatility on the euro picked up as the currency fell from 1.3678 to 1.3561 against the US dollar (USD) after Mario Draghi’s comments yesterday that negative interest rates were a possibility in the Eurozone. The single currency rose to 1.3636 short after. The US… Read more