USD Trading Outlook Archive

The main movements over the last 24 hours have been in the crosses with firstly the NZD getting hit pretty hard after comments from the RBNZ’s Wheeler and then the EUR rallied after less-than-terrible economic data. The market is structurally still long of NZD and… Read more

AUD/JPY returned to the fore on Friday night after a better than expected non-farm payrolls number in the US. The bears who had been trying to force AUD/USD below 1.0220 for the entire day on Friday were forced to cover and both AUD/USD and USD/JPY… Read more

There was plenty of action in the crosses overnight and the AUD was firmly in the spotlight. EUR/AUD made a sharp move higher after the recent consolidation range was broken and AUD/CHF bore the brunt of risk-averse sentiment. The FOMC left US monetary policy unchanged… Read more

With a week of holidays in China and Japan, the Asian FX market seems quite happy to sit quietly on its hands ahead of central bank meetings later this week. The ECB is expected to signify some imminent change to its refi rate, either in… Read more

The important levels in the AUD/USD which we mentioned yesterday, 1.0220 on the downside and 1.0360 on the top, are both still relevant with the market failing to get within 20 pips of either. The main mover overnight was the GBP and the much better… Read more

It looks like it might soon be time to start easing back on AUD shorts with solid buying interest and some technical factors indicating that further losses in the very short-term might be very hard fought. Yesterday’s Chinese data sent the Aussie lower but that… Read more

Falling metal prices ensured that the AUD gave back all of its intraday gains on Friday and finished the week on a bearish note. The fact that a recovery in precious metal and equity markets could not help the AUD to sustain any gains shows… Read more

Gold tumbles 11% amid heavy sellingThe euro (EUR) continues its correction against the US dollar (USD) amid thin news, the pair is moving to complete its technical direction. It looks like the single currency is completing a long cycle and will consolidate in the 1.30… Read more

The euro (EUR) is moving higher against the US dollar, having touched 1.3067 before correcting somewhat to 1.3045. The pair is gaining ground and is affected by continued confirmation from the Fed that quantitative easing will continue for some time as Chairman Bernanke affirmed that… Read more

The events in Cyprus are still driving volatility in the market and risk sentiment is of course being affected. There were big flows out of EUR/AUD as investors sell first and think later. The AUD/USD is more or less unchanged compared with yesterday but it’s… Read more