FX Trading News & Strategies from Australian Stock Report
Friday night’s action saw risk currencies lose ground, as equities and commodities put in a mixed performance. The Aussie dollar slipped lower, with the AUDUSD giving up 0.6% to settle at 1.0031 at this morning’s NY close, and the AUDJPY letting go of 0.6% to settle 80.17. During today’s Asian session the Aussie [...]
As equity markets steadied overnight, so too did risk currencies and the euro. The Aussie dollar posted gains, with the AUDUSD adding 0.3% to settle at 1.0090 at this morning’s NY close, whilst the AUDJPY added 0.7% to settle at 80.67. The Canadian loonie traded at almost parity with its US counterpart before a government [...]
Amid stronger equity markets and mild risk-on sentiment, the Aussie dollar pushed higher overnight. The Aussie reached a one-week high against the greenback ahead of the ECB beginning its longer-term refinancing operation tonight to help shore up the region’s banks. The AUDUSD added 0.2% to settle at 1.0771 at this morning’s NY close, whilst 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% [...]
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 [...]
The Aussie dollar extended its recent losses overnight, retreating alongside faltering risk sentiment. The local unit shed 0.7% against the greenback to settle at 1.0007 at the NYC close, and 0.6% against the yen to settle at 78.04. The euro slumped overnight, tumbling to an 11-month low against the greenback on concern European leaders remain [...]
The Aussie dollar firmed overnight, adding 0.7% against the greenback to settle at 1.0281 at this morning’s NY close. The local unit didn’t fare so well against the yen, slipping 0.2% to settle at 79.89. Today the Aussie has slipped lower after the RBA cut interest rates by 25 basis points, to 4.25%. It was [...]
The Australian dollar continued its winning ways overnight with traders still willing to take on risk currencies amid an improving outlook in Europe. The Aussie dollar and the Swedish krona were the biggest winners versus the greenback as investors sought higher-yielding assets. The Aussie added 1.3% against the greenback (AUDUSD) to settle at 1.0026 at [...]
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 [...]
GBPUSD Trading Commentary: February 6
The bias for the GBPUSD (Cable) is neutral to bullish. In the near-term the price action has been very bullish, moving from approximately 1.5250 in mid-January to currently be trading around 1.5800. The shorter-term EMAs are crossed higher and diverging, and the price action has just recently moved above the longer-term EMA filter and pervious [...]