FX Trading News & Strategies from Australian Stock Report
The Aussie dollar has had a subdued start to the new trading week after touching a five-session high against the greenback (AUDUSD) on Friday night, at $1.0397. During today’s Asian session the pair has rolled over, in line with weakness in equity markets, to currently be trading around $1.0225. The Kiwi rallied to a one-week [...]
The Australian dollar ended a volatile week with another tumultuous session on Friday. The Aussie dollar ran into some selling pressure against its US counterpart (AUDUSD) during the Asian session, reaching down to a low of 1.0320. The local currency rebounded well against the greenback during the European and US sessions, however, amid a brief [...]
On Tuesday night, we ran a commentary in our FX report, suggesting traders sell the NZDCHF on a break below 0.6800. As we anticipated, the price action declined significantly following that update and is now trading around 0.6600. Members who followed our guidance, selling at 0.6800, would now be ahead approximately 200 pips on the [...]
The USDCAD has come under renewed selling pressure since topping out at 0.9900 in late-June. The price action has retreated significantly and all three moving averages have turned lower. The pair is now approaching a support region around 0.9450. A break below this support level could open a path to the all-time lows, around 0.9000. [...]
The GBPCHF has been in a sustained downtrend for an extended period, falling from above 1.8000 in August 2009 to currently be trading below 1.3500. More recently, we note a series of lower highs and lower lows, the shorter-term EMAs have crossed lower and the price action is below the longer-term EMA filter, which is [...]
After topping out around 1.3200 in early April, the EUR CHF has fallen away sharply, currently trading towards 1.2000. The bias is bearish for the pair and we note that the shorter-term EMAs are crossed lower and the price action is below the longer-term EMA filter, which is negative. Whilst we are bearish, we are [...]
The euro was hit hard on Friday night amid fresh speculation that Greece is on the verge of defaulting on its debt. The share currency slumped more than 1% against the Canadian and US dollars, as well as the pound. The Australian dollar rebounded versus the greenback following some hawkish comments by the RBA on [...]
It was another dismal session for higher-risk currencies on Tuesday night, as concerns over the European debt crisis continued to hit market sentiment. The euro traded near an 11-week low against the greenback, sliding just over 1%, and lost almost 2% against the yen. The pound was flattish against the US dollar and slipped three [...]
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% [...]
Forex Trading Analysis: October 26
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 [...]