Forex Trading Summary: November 4

Forex Trading Summary

Greece’s decision to retract its proposed referendum on the next tranche of its bailout money sent riskier assets soaring over the last 24-hours. The Australian dollar was a major beneficiary gaining over 200 pips to touch a high of 1.0430 against the US dollar. Today’s the pair pulled back a touch, 1.0440 to 1.0390, after the [...]

Currency Trading Summary: November 2

Currency Trading Summary: November 2

The Australian dollar fell for a third consecutive session overnight, locking in its longest losing streak against the US dollar (AUDUSD) in six weeks. The Aussie, like other risk currencies such as the Kiwi and the Loonie, was sold off across the board after the Greek Prime Minister announced plans to put the new bailout [...]

Australian Dollar Trading News: October 31

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Following a three cent rally in the previous session, the Australian dollar succumbed to profit taking on Friday night. Trading in the Aussie has been subdued so far today with traders pausing for breath after the biggest weekly rally in the local currency in almost two years. Also keeping a lid on things is tomorrow’s [...]

Foreign Exchange Trading News: October 25

Foreign Exchange Trading News: October 25|Trade FX Analysis

Positive economic data out of Australia’s major trading partner, China, boosted the Australian dollar over the past-24 hours. Strong gains in international equities and commodities last night also provided a boost as the risk on trade came back in vogue. The overnight move saw the AUDUSD trade up to a high of US$1.05 but during [...]

AUD & FX Trading News: October 19

AUD FX Trading

After trading as low as US$1.0117 over the last 24-hours, the local currency bounced back strongly last night in line with a recovery on Wall Street. The AUD traded as high as US$1.0327 as reports circulated that Germany and France will combine to boost the size of European rescue package. The New Zealand dollar, on [...]

Australian Dollar FX News: October 11

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Buoyed by news that France and Germany have pledged to unveil a comprehensive plan to solve Europe’s debt crisis, the Australian dollar rallied higher throughout Monday. Traders looked beyond weaker-than-expected job ads in September to move the local currency above parity for the first time since 22 September, with an extended rally in equity and [...]

Currency Exchange Wrap: October 6

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The Australian dollar gained considerable ground against the US dollar (AUDUSD) over the past 24-hours, following four consecutive losing sessions. Further positive developments in the eurozone last night saw equity markets surge and commodities bounce back from recent lows, supporting demand for our commodity based AUD. The local unit has remained strong during today’s Asian [...]

Australian Dollar Trading Commentary: September 27

AUD Trading Commentary

The Australian dollar experienced wild swings over the last 24-hours amid drastically changing market sentiment. The Aussie was initially sold off throughout the Asian session yesterday as equities lost ground and risk-aversion set in. Despite the early sell-off the Aussie turned around sharply during the European and US sessions amid speculation European policy makers will [...]

Forex Trading News: September 26

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The Aussie dollar rallied against the greenback last Friday but it wasn’t enough to prevent the local unit from enduring a 5.4% fall – its biggest weekly decline since May 2010. The AUD snapped two consecutive sessions of losses after S&P affirmed Australia’s AAA rating. This morning the Aussie reversed early gains versus the US [...]

Trading FX Commentary: September 20

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The local currency weakened against 10 of its 16 major counterparts over the past 24-hours with traders moving away from risk currencies. During this morning’s session the Aussie made a modest recovery against most of its major peers after the Reserve Bank of Australia (RBA) said the local economy was well placed to respond to [...]

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