Currencies Archive

AUD/USD Europe saw bears cover shorts after the break of 0.8550 failed to see substantial follow through. The squeeze saw the pair just below 0.8600 into NY’s open and the US jobs report. The headline miss to NFP spiked USD lower. AUD/USD hit 0.8635 in… Read more

AUD/USD Broad based USD strength saw Europe add to losses begun in Asia. Bears pushed AUD/USD from the 0.8720 area towards 0.8610 as NY got going. An early lift towards old support/now resistance near 0.8640 was thwarted as the USD remained firm and commodities couldn’t… Read more

AUD/USD Europe & NY consolidated the pair after Asia initiated short covering once the test of 0.8640 failed to break lower. The pair lingered in basically a 0.8710/50 range as the mixed econ signals from Oz and benign RBA gave no catalyst to drive the… Read more

AUD/USD JPY weakness in early Europe lifted AUD/JPY from the 98.30 area towards 99.10 into NY’s open. AUD/USD lifted towards 0.8760 on this but bears pounced once USD strength took over the equation. USD/JPY’s blast-off from the 102.85 area saw AUD/USD slip from its high… Read more

AUD/USD Europe lifted the pair after it failed to make headway below 0.8760. The profit taking rise had the pair near 0.8795 as NY got going. Early NY saw the pair spike down to 0.8759 on the headline GDP miss. No further losses were possible… Read more

AUD/USD Europe pushed the pair higher as JPY cross buys persisted and the market was leaning towards a dovish Fed outcome. AUD lifted from the 0.8860 area and sat near 0.8880 as NY got going. NY kept the bull pressure on as risk was elevated…. Read more

AUD/USD JPY cross buys begun in Asia carried over in Europe’s morning. This pushed AUD/USD up from the 0.8820 area towards 0.8840 into NY’s open. Early NY saw leveraged names continue to buy AUD/JPY & keep AUD/USD bid into US data. The big miss on… Read more

AUD/USD traders continue to show lack of conviction as AUD gets more attention on the crosses. AUD/USD held to basically a 0.8790/0.8820 range for Europe & NY. With AUD bid vs. EUR & USD while being offered vs. NZD & JPY traders feel it’s best… Read more

AUD/USD Short covering persisted in Europe’s morning after the break of s-t trend-line support during Asia saw limited follow through. Europe lifted AUD/USD from 0.8750 & had it near 0.8780 as NY got going. AUD buying remained the theme in NY as risk was generally… Read more

AUD/USD The pair rallied in Europe as EUR/AUD sales from model accounts gave AUD a bid. AUD/USD rallied near 0.8800 before pulling back towards 0.8780 into NY’s open. Early NY saw risk get a solid boost of Caterpillar’s earning beat and upped forward guidance. AUD/USD… Read more