USD Trading Outlook Archive

It’s been a quiet start to the trading week with the AUD/USD sitting quietly near .9185. There are opposing factors at play in the AUD market; rising US yields and falling global equity markets are AUD-negative but sharp rises in metals markets and a steadying… Read more

The AUD has started to unwind some of its over-sold technical and positional tendencies. There have been some decent gains made against all of the other majors but with resistance levels looming against the USD. JPY and EUR, the easy short-term money has probably been… Read more

The market is finally starting to evolve as I had expected and I think we are likely to see a much higher AUD in coming weeks. Yesterday we had some disappointing local jobs data and some decent Chinese trade data, and it was the latter… Read more

The AUD has been remarkably quiet since the RBA rate decision yesterday but I think we are witnessing the calm before the storm. There are some big levels beckoning in all of the AUD crosses and once they break we will see heavy volumes hit… Read more

It will be all eyes on the RBA today, with the market universally expecting a rate cut at 2:30 this afternoon. The fact that an election was called at the weekend could put a fly in that ointment, as the RBA has never adjusted interest… Read more

The NZD has had a very volatile open this morning after Fonterra, their biggest exporter, reported contaminated milk powder which led to countries like China and Russia banning further imports. AUD/NZD has spiked higher on the back of this news. It will be a big… Read more

I’ve been trying to pick a bottom in the AUD/USD for some weeks now and I thought that yesterday was its best chance of launching a test of .9350. The fact that this couldn’t eventuate despite the good climate has me a bit worried that… Read more

The AUD/USD had a reasonably quiet day on Friday, trading in a tight 60 pip range. Commodity markets had an eventful day with copper falling heavily on inventory reports out of China and Gold prices staying volatile around a mid-price of $1325. There is nothing… Read more

The AUD has slipped lower against all of the other major currencies after poor Chinese PMIdata yesterday showed that their manufacturing has stopped growing again. This is of courseseen as bad for Australian commodity exports. Precious metals gave up some of their recentgains as well… Read more

The FX market has opened the new week pretty close to last week’s levels but there have been some events over the weekend which could have longer term implications. The Federal Reserve is reviewing its decision from 2003 to allow banks to trade in physical… Read more