Currencies Archive

AUD/USD Europe didn’t allow AUD/USD longs to come up for air after the miserable OZ trade data. What little lifts of Asia’s 0.9450 low were capped near 0.9465. NY walked in with the pair just below that level ahead of ADP. The big beat for… Read more

TheAUD/USD eased by 31 points to trade at 0.9465 after this morning’s trade data release. The Australian dollar fell against the other major currencies in early Asian deals on Wednesday, as nation’s trade deficit widened more-than-forecast in May. Australia’s international trade balance has blown out… Read more

The pair has rebounded above its support and has validated a bullish flag. Further advance is therefore expected as the pair stands above its moving averages and the daily RSI is well directed above its neutrality area. Then, as long as 0.9120 holds as a… Read more

AUD/USD The sideways trade in AUDUSD continued as global rates receded further in the wake of the miss in Japanese Household Spending pushed JGB yields to one-year lows. The AUD and other carry currencies remain locked between the benefits of lower rates, yet still wary… Read more

AUD/USD Sideways chop continues in AUDUSD. Shanghai A shares saved themselves..again…right on the year-long uptrend line, which turned out to be fortuitous for the All-Ords, that had a look at the 200 dma support this week. Combine that with a miss in the Personal Spending… Read more

AUD/USD The chop fest in AUDUSD continued as a shocking revision to Q1 US GDP (-2.9%) and weaker Durable Goods Orders (-1%) hit the USD pretty much across the board and saved the AUD bulls (for now) from a collapse in Aussie interest rates. The… Read more

AUD/USD ratcheted lower throughout the NorAm session as Monday’s China PMI fades into the background and the gravitational pull from lower Aussie rates takes over. Bank Bill futures closed at contract highs as the BHP Iron Ore layoff story got traction with the London and… Read more

AUD/USD spent the NorAm session slowly dribbling back the gains made after yesterday’s China PMI beat. Specs were sellers against the April highs (.9460) figuring that with Oz interest rates still soft and the Shanghai Index unable to get too far from the critical 2000… Read more

AUD/USD Further frustration with the pair’s ability to clear June’s high and rising US bond yields led to further profit taking in the overnight session. The pair sat near 0.9400 as NY got going. Pressure remained in early NY as the bond yield rise persisted… Read more

AUD/USD Europe spiked the pair up and added to June 18 gains as US yields were slipping. AUD/USD ran up to 0.9432 before pulling back to 0.9415 into NY’s open. Asian offers into 0.9440 aided to cap the rally. Early action in NY saw a… Read more