Forex Trading Commentary: November 28

Forex Trading Commentary

Pressured by a sixth consecutive session of losses for local equities, the Aussie dollar slumped to a three-week low of US$0.9666 on Friday. Traders continued to shy away from risk currencies amid concerns that eurozone leaders are struggling to contain the region’s debt crisis. Despite sharp sell-off against the US dollar last week, the Aussie [...]

AUD & FX Trading Summary: November 8

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Uncertainty in global markets created a bumpy ride for the Australian dollar over the last 24-hours. Early in the European session last night the Aussie dropped to a low of US$1.0275 with traders moving away from risk assets following reports that Italian borrowing costs had surged to a 10-year high. After touching the low however, [...]

FX Trading Summary: November 7

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The Australian dollar softened on Friday night in what proved to be another week of choppy trading for the higher yielding assets. The failure by G20 leaders to produce a solution to Europe’s debt crisis hurt demand for riskier currencies, with nervous investors instead flocking to the relative safety of the US dollar. After moving [...]

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 [...]

Forex Trading Analysis: October 26

Forex Trading Analysis

The Australian dollar remained under pressure over the last-24 hours, with risk-aversion gripping markets ahead of this evening’s summit of European leaders. The local currency extended declines against its US counterpart (AUDUSD) this morning after weaker-than-expected inflation figures fuelled speculation that the RBA may cut interest rates on 1 November. The New Zealand dollar was [...]

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 [...]

Forex Trading Summary: October 13

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Strong gains in global equity and commodity markets, amid further steps by European leaders to resolve the region’s debt problems, saw the Australian dollar rally hard over the last 24-hours. The Aussie surged to a three-week high against its US counterpart during this morning’s Asian session after Australia’s unemployment rate declined for the first time [...]

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 Trading Commentary: October 10

Currency Trading News

The recent surge in risk appetite pushed the Australian dollar to a high of US$0.9860, locking in its fourth consecutive winning session. A 2% rally in local equities, gains in commodity prices and better-than-expected US non-farm payroll data were the main catalysts for the sharp rally for the AUDUSD. Like its trans-Tasman rival, the New [...]

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