FX Trading News & Strategies from Australian Stock Report
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 US dollar gained ground against its major rivals overnight, with Europe’s debt crisis sparking a flight towards traditional safe-havens. The euro continued to feel the pressure from the region’s debt problems, after Italy had its credit outlook downgraded by S&P. A sharp drop in commodity prices also weighed on the resource-linked currencies. The Australian [...]
Higher-risk currencies were back in favour during Friday’s overnight international session, after the US Federal Reserve authorised banks to resume dividend payments. Boosting sentiment further was the Bank of Japan intervening in currency markets, pushing the yen down from its record levels against the US dollar. The euro and pound were both up around 3% [...]
The last international trading session for the week saw a slight rebound in global stocks after fears over Middle Eastern tensions faded momentarily. The euro and pound both finished the session down against the yen and US dollar, but the Kiwi and Aussie dollars were strong on a robust oil price. The Australian dollar finished [...]
Higher-risk currencies closed out Friday’s international overnight session on a strong note despite ongoing Middle East tensions and China’s latest steps to tighten monetary policy. The euro and pound both gained around half a percent against the two major safety currencies, the yen and the US dollar. The Australian dollar closed the session up 0.1% [...]
Global markets put aside concerns over China’s latest interest rate rise on Tuesday night, allowing most higher-risk currencies to gain against the safety currencies. The euro strengthened just short of half a percent against the yen and greenback as Wall Street clocked its seventh consecutive day of gains, though the pound declined slightly. The Australian [...]
Higher-risk currencies corresponded with fresh highs on Wall St on Tuesday night, which benefited from upbeat US manufacturing data and the dissipation of Egyptian political concerns. The euro and pound closed up almost 1% versus the greenback, whilst the euro managed a slight gain against the yen, and the pound closed flat against the Japanese [...]
Higher-risk currencies finished mostly stronger on Friday night, as Wall Street reported stronger than expected earnings from General Electric. The euro was over one percent stronger against the US dollar and more than half a percent higher versus the yen. The pound also gained against the greenback and the yen, whilst the Kiwi and Aussie [...]
Positive leads from Wall Street on Tuesday night gave strength to some higher risk currencies, though the US dollar managed some gains. The euro and Kiwi rose less than half a percent against the yen, with the Kiwi finishing slightly up against the greenback and the euro shedding just 0.1% against the US dollar. The [...]
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 [...]