International markets posted more losses in last week’s final trading session, as investors reacted negatively to a pair of disappointing profit results in the US. Wells Fargo and JP Morgan released third quarter earnings that fell shy of analyst estimates, sparking a sell-off in US banks that weighed on overall markets. There was little reaction [...]
Currency Trading Commentary 14 May
May 14, 2012 By Leave a Comment
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 [...]
Currency Trading Commentary: 11 May
May 11, 2012 By Leave a Comment
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 [...]
Currency Trading Commentary: 8 May
May 8, 2012 By Leave a Comment
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 [...]
Currency Trading Commentary: April 03
April 3, 2012 By Leave a Comment
The AUDUSD arrested its declines around 1.0300 late last week. Yesterday, the pair gapped up to a high around 1.0460 on the back of Sunday’s stronger-than-expected Chinese manufacturing data. There has since been a deterioration in the price action, following today’s RBA’s interest rate decision. As expected, the central bank left the official cash rate [...]
Currency Trading Commentary: April 2
April 2, 2012 By Leave a Comment
Amid stronger international equities and commodities the Aussie dollar put in a mixed performance on Friday night. The AUDUSD shed 0.2% to settle at 1.0358 at Friday morning’s NY close, whilst the AUDJPY put on 0.2% to settle at 85.76. Over the weekend, a stronger reading for a Chinese manufacturing gauge failed to end predictions [...]
Currency Trading Commentary: March 28
March 28, 2012 By Leave a Comment
After some solid gains in the previous session, global equities and commodities were softer overnight. As such, risk currencies were also weaker. The Aussie dollar was no exception, with our commodity based currency slipping against most of its major peers. The AUDUSD shed 0.7% to settle at 1.0460 at this morning’s NY [...]
Currency Trading Commentary: March 27
March 27, 2012 By Leave a Comment
Amid surging equity and commodity markets the Aussie dollar enjoyed strong gains overnight. The AUDUSD put on 0.7% to settle at 1.0533 at this morning’s NY close whilst the AUDJPY rallied 1.2%, to 87.26. The euro strengthened to an almost one-month high against the greenback as Germany said it may back plans to [...]
Currency Trading Commentary: March 7
March 7, 2012 By Leave a Comment
Much of the recent run up in risk over recent weeks was undone overnight, with equities, commodities and risk currencies being belted across the board in a fire sale. The Aussie dollar was hammered, with the AUDUSD shedding 1.1% to settle at 1.0558, whilst the AUDJPY gave up 1.8% to settle at 85.36. [...]
Currency Trading Commentary: February 29
February 29, 2012 By Leave a Comment
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 [...]