USD Trading Outlook Archive

The AUD saw some very heavy turnover yesterday, rallying initially to .9130 after the retail sales data where it ran into a barrage of selling. The inevitable sell-off then ensued and AUD/USD dipped to .9065 after the RBA mentioned the currency in its statement. Strong… Read more

It will be a busy day for the AUD with retail sales in the morning (+0.4% MoM expected for November) and the RBA rate decision in the afternoon (no change in policy expected). The AUD/USD is not much changed from yesterday morning with the market… Read more

The AUD is in for a busy week with the RBA meeting tomorrow and the non-farm payrolls data on Friday. The speculative market is sitting short of AUD, based on what I’m hearing from the big Prime Brokers, and if real-money funds start to reduce… Read more

The Thanksgiving holiday has ensured a fairly quiet overnight session with the AUD/USD trading in a quiet range. End-of-month flows will be the main factor in today’s trading session and all reports that I’ve read expect these flows to be AUD/USD positive. Nevertheless, the big… Read more

There were more woes for the beleaguered AUD overnight and it suffered more heavy losses especially against the GBP. We are seeing some very big real-money funds continue to adjust their weightings and further moves in the crosses will only lead to more selling. Option… Read more

The consolidation phase for the AUD lasted all of 4 sessions and the failure to break back above .9200 led to another strong sell-off in AUD/USD. The impulsive nature of these moves lower suggests that there is more downside to come for the AUD and… Read more

The AUD had a day of consolidation yesterday, although it will close below 1.1190 against the NZD which is definitely a bearish indicator. There isn’t much on the economic calendar apart from BOJ monetary policy minutes but watch out for headlines on the newswires this… Read more

I totally misjudged the strength of the AUD sell-off on the crosses and technical support levels in AUD/USD were unable to hold. There is no point in getting in the way of this sort of momentum and the AUD looks set for further losses, especially… Read more

The AUD has been one of the big losers in the currency markets, alongside the Yen, over the last 24 hours. The Yen was affected by continued soft monetary policy by the BOJ which led to major technical breaks higher in pairs like GBP/JPY and… Read more

The USD has enjoyed a modest rally after the Fed minutes suggested that tapering could start in the next few meetings. The language was not very convincing and I wouldn’t be basing any long-term trades off this event. Of much more relevance today will be… Read more