Currencies Archive

AUD/USD steady short covering squeeze continued for Europe’s morning. A bit of resistance in the 0.8810 region saw a dip towards 0.8770 into NY’s open. NY bought the dip though as US bond yields were soft. This kept steady pressure on the USD especially vs…. Read more

AUD/USD Europe pushed AUD/USD lower from Asia’s high due to offers touted in the 0.8820-50 zone and a bout of USD strength. The pair slide from near 0.8820 & sat near 0.8775 at NY’s open. Early action saw gains as the USD began to weaken…. Read more

AUD/USD Most of the gains posted after AUD/USD bounced off big support in the 0.8660/70 zone were eroded as NY got going. Europe dropped the pair from near 0.8730 and it sat near 0.8695 into NY’s open. The pair looked set to drop further as… Read more

AUD/USD Broad based USD strength in Europe’s morning saw most of Asia’s gains erased. The pair fell from the day’s 0.8768 high & sat near 0.8720 at Ny’s open. Further USD gains early on saw NY hit a low of 0.8706 but no further losses… Read more

AUD/USD A profit taking bounce begun in Europe’s morning faltered a bit in NY. AUD/USD sat just above 0.8740 as NY got going. The pair slid from NY’s open towards 0.8710. AUD/JPY’s drop from above 95.60 towards 93.25 and AUD/NZD’s slip below 1.1220 in early… Read more

AUD/USD After the pair broke the 0.8750 barrier profit taking kicked in. Short covering in Europe’s morning took the pair from 0.8748 to 0.8803 before it slid towards 0.8795 into NY’s open. Early NY saw a rally to 0.8800 but fresh offers camped in that… Read more

AUD/USD Europe bounced AUD/USD off the 0.8790 area and had the pair just below 0.8820 into NY’s open. Early NY saw bear pressure applied again as better than f/c jobless claims gave the USD a bid. The pair broke Europe’s low but rebounded quickly as… Read more

AUD/USD Early Europe saw the pair rally towards 0.8900. EUR/AUD’s slide below 1.4450 aided the lift as did a soft USD. EUR stayed heavy but the USD firmed and took over as the driver. AUD/USD slid from its high & sat near 0.8875 at NY’s… Read more

AUD/USD Two attempts in Europe’s morning to clear the 0.8930 were made after China’s PMI beat forecasts. The attempts failed though. An abatement of USD weakness and offers touted in the 0.8930/50 area capped the pair at 0.8927. The effects of China’ PMI beat began… Read more

AUD/USD Europe nailed AUD/USD in their morning on a combination of effects. Concerns over China growth, soft commodities and an SMH report having Roubini Economics warning of a 20% drop for AUD saw the pair shoved down from above 0.8940 towards 0.8865 before a bounce… Read more