FX Trading News & Strategies from Australian Stock Report
Friday night’s action saw risk currencies lose ground, as equities and commodities put in a mixed performance. The Aussie dollar slipped lower, with the AUDUSD giving up 0.6% to settle at 1.0031 at this morning’s NY close, and the AUDJPY letting go of 0.6% to settle 80.17. During today’s Asian session the Aussie [...]
Amid stronger equity markets the Aussie dollar put in a mixed performance overnight, with the AUDUSD putting on 0.4% to settle at 1.0392 at this morning’s NY close, whilst the AUDJPY shed 0.1% to settle at 84.13. The euro fell, extending a monthly loss against the US dollar and Japanese yen, after S&P cut Spain’s [...]
The risk on trade was back in vogue overnight, with higher yielding currencies in hot demand amid hopes for further monetary easing by global central banks. Traders shrugged off concerns over Europe and instead cheered comments by two Fed officials that the US interest rates would remain low until 2014. Comments by a [...]
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 [...]
After some solid gains in the previous session, global equities and commodities were softer overnight. As such, risk currencies were also weaker. The Aussie dollar was no exception, with our commodity based currency slipping against most of its major peers. The AUDUSD shed 0.7% to settle at 1.0460 at this morning’s NY [...]
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 [...]
Much of the recent run up in risk over recent weeks was undone overnight, with equities, commodities and risk currencies being belted across the board in a fire sale. The Aussie dollar was hammered, with the AUDUSD shedding 1.1% to settle at 1.0558, whilst the AUDJPY gave up 1.8% to settle at 85.36. [...]
It was a funny old night for markets last evening, with weakness in Europe and early in the US session suddenly reversed following the release of better-than-expected US housing data. Currency markets experienced an equally volatile ride, as traders switched out of safe havens and back into risk currencies at breakneck speed. When it [...]
Amid weaker equity markets, the Aussie dollar put in a mixed performance overnight. The local unit added 0.4% against the yen to settle at 81.44 at this morning’s NY close, but gave up 0.6% against the greenback to settle at 1.0478. During today’s Asian session the Aussie has firmed, following the latest CPI figures which [...]
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 [...]