FX Trading News & Strategies from Australian Stock Report
After the global retreat from risk in the previous session, international markets steadied overnight. Equity markets held their ground, as did risk currencies. The Aussie firmed slightly, with the AUDUSD adding 0.2% to settle at 1.0202 at Saturday morning’s NY close, whilst the AUDJPY gained 0.3% to settle at 81.53. During today’s Asian session the [...]
Risk appetites waned overnight despite the Greek debt deal finally getting over the line. It seemed to be another case of ‘buy the rumour, sell the fact’, with traders booking profits after the recent run up in risk assets. The Aussie dollar was not spared, slipping against both the greenback and the yen. [...]
The bias for the AUDJPY is bullish despite the pullback over the last 24-hours. The shorter-term EMAs remain crossed higher and diverging, and the price action is above the longer-term EMA filter, which is positive. The next significant target above is noted at 90.00, which is the high from last April. Nearer [...]
The Aussie dollar put in a mixed performance on Friday night, losing ground against the greenback but advancing strongly against the yen. The local unit rallied 1.2% against its Japanese counterpart to settle at 85.20 at Saturday morning’s NY close but slipped 0.3% against the US dollar to finish at 1.0717. During today’s Asian session [...]
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% [...]
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 [...]
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 [...]
Currency Trading Commentary: February 24
The AUDUSD added 0.7% to settle at 1.0703 at this morning’s NY close, whilst the AUDJPY gained 0.2% to settle at 85.55. During today’s Asian session the Aussie has continued to climb, extending its second consecutive weekly advance amid comments by RBA Governor Glenn Stevens that the monetary policy is “about right’, which reduced [...]