Forex Trading News
FX Trading News & Strategies from Australian Stock Report
FX & Aussie Dollar Trading News: February 2
The Aussie dollar enjoyed a positive session overnight amid rising global equity and commodity markets. The Aussie added 0.8% to settle at 1.0698 against the greenback at this morning’s NY close, and 0.1% against the yen to settle at 80.92. During today’s Asian session the local unit reached a five-month high after a report showing [...]
NZD EUR Currency Trading Tip: February 1
The bias for the NZDEUR is bullish. Since the start of the year the Kiwi has been on a tear, whilst the euro has continued to struggle under the weight of the Greek debt fiasco. The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is [...]
EURUSD Currency Pair News: January 30
The key region to watch at the moment with regard to the EURUSD is the 1.3200-40 region. This price region has previously acted as both support (October and November last year) and resistance (December last year). The region also represents the 38.2% Fibonacci retracement level from the late-October high to mid-January low. In order for [...]
FX Pair News: AUDJPY Taking Profits
We recently outlined a Trading Idea on the AUDJPY, buying at 80.70 with stops at 78.60 and targets to 83.70. We followed up this commentary on 25 January, suggesting that those in longs trail their stop to 79.60. Since then, the pair has pressed higher, last night hitting a high of 82.90 before slipping back [...]
EURUSD Trading Commentary: February 3
Whilst there is the possibility that the pullback phase is now in place, we would need to see some further follow through higher to confirm this. We note resistance through 1.3230-40, which needs to be cleared in order to maintain pressure to the topside. If 1.3230-40 is cleared, the next target region becomes 1.3430-40 initially, [...]