FX Trading News & Strategies from Australian Stock Report
The RBA surprised the market today by keeping rates on hold, at 4.25%. The decision, delivered at 2:30pm, AEDT, caused a sharp spike in the Aussie dollar, sending it surging into a six-month high of 1.0810. The market had priced in the likelihood of a further 25 basis point cut, hence the strong reaction when [...]
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 [...]
AUDUSD looking very sick as risk appetite slumps. About to crack lower boundary of descending triangle. Sell on stop @ 1.0430. ATR = 100 pips so stops should be no closer than 150 pips (1.5 ATR) above entry. Target set at 1.5:1 reward to risk. Don’t understand what this means? Attend a FX Trading Workshop [...]
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 [...]
In recent sessions the AUD USD has suffered at the hands of some economic announcements which have negatively impacted the pair. The RBA interest rate decision on Tuesday was the first hit, with the Aussie dollar moving lower straight after the central bank decided to keep rates on hold at 4.75%. Today’s jobs data didn’t [...]
After topping out in early-May around 1.1000, the AUDUSD suffered a short-term downturn. The weakness of the past few weeks is due predominantly to the recent slump in commodity prices and the re-emergence of Europe’s debt crisis. Furthermore, the upcoming end to the Fed’s QE2 program has some traders cautious over the potential for collateral [...]
NZDUSD Trading Pair News: October 27
The NZDUSD declined sharply late last month but in October it has been a completely different story. The currency pair has enjoyed a strong run higher coming off a low of 0.7500, to currently be trading right above the 0.8000 handle. On the chart we note a steady progression higher, with the shorter-term EMAs crossing [...]