USD Trading Outlook Archive

The market waited expectantly for the testimony from the Fed chairman but it turned out to be somewhat of a non-event. He refused to put a date on any ‘tapering’ of their QE program and said all options remain on the table and data dependant…. Read more

The AUD enjoyed a recovery day yesterday with shorts covering ahead of another speech from Ben Bernanke tomorrow. The Aussie was the best performing of the major currencies and the bears will undoubtedly be getting a little nervous. Much of the bearish AUD sentiment has… Read more

The AUD recovered modestly yesterday after Chinese GDP data came in right on expectations. Today sees the release of the latest RBA meeting minutes and they might give the market something to trade against but overall it’s looking like it will be another quiet range-bound… Read more

The AUD got sold very heavily again on Friday after comments from the Chinese FinMin were interpreted as meaning that economic growth forecasts are likely to be lowered. These comments were revised in weekend official Chinese press reports and this has helped the Aussie make… Read more

The market finally settled after a wild ride yesterday morning and the AUD bear-tone which emerged immediately after the Fed has persisted through the day. I’m not really sure what the justification is but the market has this sentiment fairly deeply ingrained and doesn’t want… Read more

Another failure to properly test .9000 psychological support led to some extended profit taking overnight, taking AUD/USD back close to .9150. Chinese CPI data due out around lunchtime could have some serious impact on the AUD, especially given that positioning is quite heavy amongst the… Read more

The main event today should be the month-end Fixings, particularly in London, where initial reports suggest that demand will be significant for the AUD. Asset managers re-balance their FX weightings at the end of the month and as this is also end of Australian financial… Read more

The AUD continued to claw back some lost ground, particularly on the crosses, but this move seems to be more stop-loss related rather than any fundamental strengthening of AUD sentiment. Metal prices remain very weak and this weighed on the AUD at times, but with… Read more

We are finally seeing a bit of orderly calm return to the AUD although there were a few moments of volatility mainly caused by events in regional stock markets. Reports that a small Chinese bank had failed sent their stock market tumbling and causing the… Read more

The big orders in the AUD/USD either side of .9150/.9250 did indeed ensure a real battle, firstly at the upper end of the range and later on at the lower end. Talk of international asset managers bailing out of local markets gave the embattled AUD… Read more