FX Trading News & Strategies from Australian Stock Report
The NZDUSD declined sharply late last month but in October it has been a completely different story. The currency pair has enjoyed a strong run higher coming off a low of 0.7500, to currently be trading right above the 0.8000 handle. On the chart we note a steady progression higher, with the shorter-term EMAs crossing [...]
It has been another rollercoaster ride for the Aussie dollar over the last 24-hours. The AUDUSD was stronger at the end of yesterday’s Asian session with gains in equity markets and commodities providing some support. After hitting an intraday high around 0.9950 however, the Aussie tumbled against the greenback overnight amid renewed risk aversion due [...]
There was heighted volatility on currency markets overnight, with the euro fading late against its major partners after Ireland had its debt rating cut to junk status by Moody’s. The US dollar was an early outperformer due to safe-haven buying, however it also fell away later in the session after the Fed failed to rule [...]
Friday night’s international currency session saw investors shunning higher-risk currencies on euro-region debt concerns and tensions between North and South Korea. The euro and pound slipped near one percent against the US dollar, and around half a percent against the yen. The Australian dollar finished the session down 1.1% to 81.13 yen and declined 1.7% [...]
The end of the week saw some flat international trading, with the bulk of the week’s economic data not lending much support to higher-risk currencies. The euro managed to stay afloat on a planned bailout for Irish banks, closing the final session for the week up a quarter of a percent against the US dollar [...]
Higher risk currencies ended Friday’s international session on a positive note, although gains were muted ahead of the weekend’s G20 meeting. The meeting failed to yield any binding agreements, and as such, was seen as bearish for the US dollar. The euro advanced against its major counterparts, rising just under half a percent versus the [...]
Friday’s international currency session saw increased demand for higher-risk currencies, as fears about the health of European banks, and the US economy, abated somewhat. Though the pound exchange rate dropped slightly against the US dollar and the yen, other “riskier” currencies managed to finish the last session for the week in the black. The Australian [...]
Foreign Exchange News 8 September 2010 Overnight, higher-risk currencies took a dive alongside US and European stocks. Renewed fears about the health of the European financial system helped drive down the euro almost 2% against the yen and the greenback. The pound and Kiwi exchange rate also fell against the latter two currencies, albeit [...]
The higher-risk currencies’ recent trend of strength continued on Friday night, with sentiment surging on better-than-expected US non-farm payrolls data. The encouraging jobs data helped the pound, Kiwi and Aussie gain, with the Australian dollar finishing the session up 0.7% to 77.27 yen and up 0.6% to 91.66 US cents. The euro exchange rate gained [...]
Currency Trading News: December 22
The Aussie and Kiwi dollars swung between gains and losses overnight amid concerns the ECB’s measures to boost liquidity may not stem the region’s debt crisis. At the NY close the AUD was 0.2% firmer against the greenback, holding above parity at 1.0092. The local unit fared slightly better against the Japanese yen, settling 0.4% [...]