USD Trading Outlook Archive

The AUD/USD has settled into a fairly tight consolidation range around 0.9200 as the market watches the developing credit crunch in China very carefully. This seems to be more of a managed slow-down by the PBOC rather than a structural problem and we should see… Read more

The big flight by speculative players into the USD continued almost unabated overnight although some pairs, USD/JPY in particular, have reversed quite sharply from interim highs. AUD/USD traded to lows near .9165 as risk-off sentiment and USD-bullishness hit the pair with a double-whammy. Today’s economic… Read more

TECHNICALS: The AUD/USD bear trend remains in control but it has been levelling out over the last few sessions. The secondary trend line (see chart) is forming a cap of sorts near .9600 and this must be respected. Support levels start around .9430. Play the… Read more

There was some quite unbelievable volatility at times yesterday and the amounts flowing through the market were simply massive. Asset managers are trying to exit long-term structural interest rate plays and macro funds are trying to book profits on long-term Yen short positions. All of… Read more

Overall AUD bearishness picked up a few notches yesterday with all of the major pairings breaking major support levels. A report from Goldman Sachs that the RBA will cut rates by another 50 bps this year certainly added to the bearish sentiment. The Australian trade… Read more

USD/JPY broke lower on Monday night, re-taking the important psychological barrier at 100.00, and this has impacted on all USD pairs. The AUD/USD was another big mover, triggering trailing stops above .9700. It has been premature talk of an end to QE which got the… Read more

The AUD was sold heavily again on Friday as big month-end flows from asset managers proved to be mainly in one direction. Major support levels remain intact however, and we have seen a modest bounce this morning back above .9600 after better than expected Chinese… Read more

It was a mixed bag for the AUD/USD overnight, making strong gains initially against the USD during Asian trade but giving much of the gains back when solid technical resistance at .9700 held firm. There was also plenty of volatility on the crosses and the… Read more

The AUD/USD made an impressive recovery from lows seen during the Asian session with the USD under pressure across the board. Similar to yesterday’s USD strength, I wouldn’t read too much into any of these moves as they seem like usual market ‘noise’ to me…. Read more

The USD sprang back to life yesterday, rising sharply against the Yen during Asian trade and also against the Swiss Franc during overnight trade. Strong US economic data was the overnight catalyst whilst a rebounding Nikkei weakened the Yen during yesterday’s Asian session. Japanese retail… Read more