Currencies Archive

The Australian Dollar (AUD): The pair opened slightly lower but drifted lower on Crimea tension to a low of 0.8993. Support was found and bounced the AUD to above 0.9020. AUD market will be focusing on the RBA Minutes that will be released out on… Read more

The Australian Dollar (AUD): The pair ignored the better than expected U.S Retail sales data and rallied to a high of 0.9104 as early risk sentiment was buoyant. However, real money seller jumped in as tensions in Ukraine once again increased. China banks are considering… Read more

The Australian Dollar( AUD): The AUD continued a new trend low of 0.8923 as copper spiked down near $2.905/91. RBA deputy Governor Philip stated that RBA is comfortable with how the economy is tracking. Short recovering started on the pair to a high of 0.8997…. Read more

The Australian Dollar (AUD): The pair hit daily high of 0.9050 before Europe sold off the rally to 0.9015-25. Copper broke below $3.00 which increased market concerns that China’s corporate credit issues would be worsening. 0.90 broke and AUD hit to a low of 0.8965,… Read more

The Australian Dollar (AUD): Sell off continued due to poor Chinese Trade balance data that came through last weekend. Drop in copper and iron ore combined increased concerns on overall China economy which affected AUD/USD directly. A low of 0.9011 was touched, AUD currently still… Read more

The Australian Dollar (AUD): The pair dropped to a low of 0.9062 after NFP came out better than expected and recent AUD/USD longs scrambled to get out. Through the weekend we had poor Chinese data (Trade balance and CPI) that caused the gap in early… Read more

The Australian Dollar (AUD): The pair was lifted from near 0.8955 towards 0.8980 in Europe. Early dip was bought in NY session as ADP data was released below the forecast and prior releases were revised lower, pushed the AUD to a high of 0.8993. Retail… Read more

The Australian Dollar (AUD): Early European session made an attempt to push the AUD towards the 200 hour MA but was unable to push through the stops above 0.8970. The pair drifted down lower in NY session and is now steady around 0.8940-60 levels. The… Read more

The Australian Dollar (AUD): Europe session saw the pair was unable to push further below 0.8880, therefore, started short squeezing the bears and rallied to a high of 0.8946. Main focus will be the RBA today at 03:30GMT , with rate more likely to be… Read more

The Australian Dollar (AUD): AUD/USD opened lower this morning to one month low of 0.8894 due to tensions between Russia and Ukraine. During the weekend, the disappointing Chinese manufacturing PMI increased the possibility of an easier monetary policy stance which added weight for the pair…. Read more