USD Trading Outlook Archive

It was a very quiet 24 hours on FX markets with holidays in the US and the UK encouraging many to take a long weekend from the screens. The AUD has continued to drift slowly lower and the lack of bounce is a telling factor…. Read more

We saw a lot of volatility overnight around the time of the Fed chairman’s testimony but the underlying USD strength remains unchallenged. There were huge flows in crosses like EUR/AUD and the market seems intent on continuing to sell the AUD; this is one trend… Read more

The AUD remained very steady overnight, trading 30 pips either side of .9800. Most of the action was in the cross currencies where the GBP, CHF and the CAD came in for some heavy selling mainly from the big hedge funds. The market should stay… Read more

The AUD remains under extreme pressure and latest positioning data from the IMM futures market shows that the market flipped from being around 7,000 contracts long to being over 13,000 contracts short. USD strength continues to build and the USD index broke an important technical… Read more

The AUD remains under extreme pressure and latest positioning data from the IMM futures market shows that the market flipped from being around 7,000 contracts long to being over 13,000 contracts short. USD strength continues to build and the USD index broke an important technical… Read more

Weakness in commodity and precious metal market would seem to have been the main cause of overnight AUD weakness and as always in a bear market, traders only focus on the bad news. Sovereign buyers managed to hold the pair above .9800 but with little… Read more

The AUD/USD remains unchanged after choppy overnight trade which was mainly highlighted by positional adjustment, and the major market trends remain unchanged. I’m not expecting much volatility today in Asia; Japanese GDP is usually ignored by the market and whilst both the RBA foreign transaction… Read more

USD strength has again been the main story in overnight trade with the greenback making solid gains against all the other major currencies. The market is regaining confidence in US assets and the talk that the Fed is soon to start tapering out of QE… Read more

The AUD/USD has continued to drift lower, making new swing lows overnight near .9940 after better-than-expected US retail sales data. The technical outlook remains bearish and any nasty surprises in tonight’s budget could send the pair into another tailspin.

It was an excellent day for the AUD/USD bears, with the post-jobs data rally giving excellent intraday selling opportunities. The NY session was extremely USD-bullish, with rumours, decent economic data and comments from the Fed all conspiring to send the USD through the roof. USD/JPY… Read more