FX Trading News & Strategies from Australian Stock Report
The bias for the EURUSD is bearish. The shorter-term EMAs have crossed lower and are diverging, and the price action has extended away from the longer-term EMA filter, which is negative. The price action is also on the verge of breaking down below a key horizontal level which, if breached, could induce further [...]
The bias for the AUDUSD is bearish. The pair enjoyed a strong run higher late in 2011 and early in 2012 but since topping out above 1.0800 in late February, the local unit has rolled over against the greenback. The shorter-term EMAs are crossed lower and the price action has recently slipped below the longer-term [...]
The AUDUSD arrested its declines around 1.0300 late last week. Yesterday, the pair gapped up to a high around 1.0460 on the back of Sunday’s stronger-than-expected Chinese manufacturing data. There has since been a deterioration in the price action, following today’s RBA’s interest rate decision. As expected, the central bank left the official cash rate [...]
Amid surging equity and commodity markets the Aussie dollar enjoyed strong gains overnight. The AUDUSD put on 0.7% to settle at 1.0533 at this morning’s NY close whilst the AUDJPY rallied 1.2%, to 87.26. The euro strengthened to an almost one-month high against the greenback as Germany said it may back plans to [...]
The bias for the AUDUSD is bearish. The current rally should represent just a recovery before we see the pressure return to the downside. Solid resistance is noted through 1.4080 and 1.0530 and we expect this region to be strong. If the price action were to break higher, the recovery could extend into the 1.0630-60 [...]
The RBA surprised the market today by keeping rates on hold, at 4.25%. The decision, delivered at 2:30pm, AEDT, caused a sharp spike in the Aussie dollar, sending it surging into a six-month high of 1.0810. The market had priced in the likelihood of a further 25 basis point cut, hence the strong reaction when [...]
AUDUSD looking very sick as risk appetite slumps. About to crack lower boundary of descending triangle. Sell on stop @ 1.0430. ATR = 100 pips so stops should be no closer than 150 pips (1.5 ATR) above entry. Target set at 1.5:1 reward to risk. Don’t understand what this means? Attend a FX Trading Workshop [...]
In recent sessions the AUD USD has suffered at the hands of some economic announcements which have negatively impacted the pair. The RBA interest rate decision on Tuesday was the first hit, with the Aussie dollar moving lower straight after the central bank decided to keep rates on hold at 4.75%. Today’s jobs data didn’t [...]
After topping out in early-May around 1.1000, the AUDUSD suffered a short-term downturn. The weakness of the past few weeks is due predominantly to the recent slump in commodity prices and the re-emergence of Europe’s debt crisis. Furthermore, the upcoming end to the Fed’s QE2 program has some traders cautious over the potential for collateral [...]