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 [...]
As equity markets steadied overnight, so too did risk currencies and the euro. The Aussie dollar posted gains, with the AUDUSD adding 0.3% to settle at 1.0090 at this morning’s NY close, whilst the AUDJPY added 0.7% to settle at 80.67. The Canadian loonie traded at almost parity with its US counterpart before a government [...]
After the global retreat from risk in the previous session, international markets steadied overnight. Equity markets held their ground, as did risk currencies. The Aussie firmed slightly, with the AUDUSD adding 0.2% to settle at 1.0202 at Saturday morning’s NY close, whilst the AUDJPY gained 0.3% to settle at 81.53. During today’s Asian session the [...]
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 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 stronger international equities and commodities the Aussie dollar put in a mixed performance on Friday night. The AUDUSD shed 0.2% to settle at 1.0358 at Friday morning’s NY close, whilst the AUDJPY put on 0.2% to settle at 85.76. Over the weekend, a stronger reading for a Chinese manufacturing gauge failed to end predictions [...]
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 [...]
The greenback was broadly weaker in the overnight session, with traders instead bidding up riskier assets following a set of positive US economic data. The Empire State manufacturing index rose from 19.53 to 20.21 in March – the highest since June 2010, whilst the Philadelphia Fed index rose from 10.2 to 12.5 in March [...]
Currency Trading Commentary: March 21
Amid slumping equity markets due to renewed concerns about growth prospects in China, the Aussie dollar fell sharply overnight. Australia’s dollar dropped for the first time in four days on speculation China’s economic growth will slow, damping demand for the South Pacific nation’s exports. The AUDSD shed 1.2% to settle below the US$1.05 handle at 1.0480 [...]