FX Trading News & Strategies from Australian Stock Report
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 [...]
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 [...]
Through the first few weeks of the New Year the Aussie dollar enjoyed an aggressive run higher against the euro. Unfortunately we weren’t around whilst this rally was occurring and since we’ve returned the price action has rolled off the highs. Whilst the current weakness might take a little longer to play out, the underlying [...]
Currency markets were relatively quiet overnight, due in large part to the fact that US equity markets were closed for the Martin Luther King Jr. Holiday. The local unit put in a mixed performance, eking higher against the greenback to settle at 1.0309 but falling 0.2% against the yen to settle at 79.16 at the [...]
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% [...]
Despite pulling back from the recent highs around 0.9550, the bias for the USDCHF is bullish. The price action has pulled back to the breakout region, around 0.9230, and held there thus far. If the price action can bounce off this region, we could see a rotation back in the recent high. In order to [...]
The Aussie dollar lost ground overnight, moving lower in line with international equities after ECB President Draghi made cautious comments about the state of Europe’s economy and Fitch threatened to downgrade France and six Aother eurozone countries. The local unit shed 0.8% against the greenback, slipping below the 0.99 handle to 0.9887 at the NY [...]
Currency markets were fairly subdued overnight, as were equity and commodity markets after the previous session’s massive retreat from risk. The Aussie dollar eked out a modest gain against the greenback, adding 0.1% but remaining below parity, at 0.9913, by this morning’s NY close. The local unit didn’t fare so well against the Japanese yen, [...]
The bias for the Cable (GBPUSD) is bearish. We note the shorter-term EMAs crossed lower and diverging and the price action below the longer-term EMA filter, which is negative. Whilst we are bearish, we note support at 1.5400 and would only be sellers if this level were to be breached. To facilitate this, traders can [...]
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 [...]