FX Trading News & Strategies from Australian Stock Report
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 [...]
Currency markets were fairly subdued on Friday night but remain plagued with risk. The euro continues to be dominated by concerns regarding the region’s debt problems, with headlines regularly causing significant shifts in the market. The yen and Swiss franc remain under clouds of further central bank intervention, whilst risk currencies are being pushed and [...]
The Australian dollar experienced wild swings over the last 24-hours amid drastically changing market sentiment. The Aussie was initially sold off throughout the Asian session yesterday as equities lost ground and risk-aversion set in. Despite the early sell-off the Aussie turned around sharply during the European and US sessions amid speculation European policy makers will [...]
The GBPUSD has fallen off a cliff since reaching a peak around 1.6620 in mid-August. The dramatic collapse has seen the short-term EMA cross lower and the price action trading below the 125-day EMA long-term filter, which is negative. Moreover, the bearish momentum looks set to continue with the currency pair recently breaking below the [...]
The GBPUSD has been in a short-term uptrend since bottoming out near 1.5800 in mid-July. Moreover the trading pair recently completed an inverse head and shoulders pattern when it broke through the resistance zone around 1.6500. The price action has given up some of its gains in the past few sessions and is currently trading [...]
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 [...]
The Australian dollar has remained under pressure over the last 24-hours with risk aversion continuing to be the salient theme affecting traders. A sharp decline in equities, oil and copper overnight also dampened demand for the commodities based currency. The local unit has remained weak during today’s Asian trading session, as has the Kiwi dollar. [...]
The Aussie dollar printed a two-week low yesterday, with investors continuing to turn away from risky assets in the midst of concerns about global economic growth. Poor retail sales and trade balance figures also hurt the local unit over the last 24-hours, with the pair moving back into the 1.06 handle during today’s Asian trading [...]
Currency markets were volatile overnight with the greenback dropping to a record low against the Swiss franc on the back of the latest ISM manufacturing numbers which came in well below expectations. The Canadian and Australian dollars also lost ground on the news, tracking weakness in commodities and equities as risk-off once again became the [...]
NZD EUR Currency Trading Tip: February 1
The bias for the NZDEUR is bullish. Since the start of the year the Kiwi has been on a tear, whilst the euro has continued to struggle under the weight of the Greek debt fiasco. The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is [...]