USD Trading Outlook Archive

We’ve had a very quiet start to the trading week in early interbank markets, with the major pairings hardly trading at all. All of the market’s focus is still on the US; the temporary government shutdown has affected sentiment on many levels and any possibility… Read more

The USD has been heavily sold across the board after the temporary resolution to the debt-ceiling impasse showed the market that another similar situation will arise early next year. AUD/USD broke above barrier protection at .9600 and seems likely to test technical resistance levels above… Read more

It looks like an agreement has been reached on increasing the US debt ceiling and this deal is currently being voted on. The AUD has remained very well supported as ‘risk-on’ trades look to be the order of the day. AUD/JPY is trading at recent… Read more

The AUD has remained quite active on the crosses over the last 24 hours as we wait for a debt-deal announcement out of Washington. Yesterday’s RBA meeting minutes suggested that a rate cut might still be possible but there is no rush, and this caused… Read more

Yet more meetings in the White House have raised expectations that some announcement regarding an end to the debt-deal impasse might soon happen. The AUD/USD spiked higher above .9500, which had more to do with dealers breaking through an option barrier rather than any reaction… Read more

The AUD has opened lower in Asia after much poorer than expected China trade data which was released over the weekend. The market had expected a 6.0% YoY increase but got a fall of 0.3% YoY instead. The AUD/USD has ‘only’ fallen by 50 pips… Read more

Reports started to emerge from the US yesterday afternoon that a debt-deal of sorts might soon be signed and postpone any talk of an imminent default. This led to a surge in typical ‘risk-on’ trades like AUD/JPY. Today will be all about positional adjustment ahead… Read more

The Australian unemployment data is due out later this morning and will be today’s key risk event. Any movement is likely to be short-lived as I cannot see the data impacting much on monetary policy at a time when so many other events are happening…. Read more

The FX market remains in Limbo as the US government shutdown continues and the countdown towards October 17th, and a possible US government default on some debt obligations, ticks away. There was some movement in crosses like GBP/AUD as traders preferred to trade non-USD pairs…. Read more

Australian markets are closed today and with China also still closed, we can expect a quiet day. Friday was most notable for adjustments in the crosses with the heavily over-bought GBP market finally starting to retrace whilst the Yen and commodity currencies made some decent… Read more