FX Trading News & Strategies from Australian Stock Report
The current decline on the AUDJPY at this stage represents nothing more than a pullback within a broader uptrend. The uptrend is yet to be violated and there is potentially strong support noted at 86.00-10 which could hold up the current rotation lower. If this region gives way however, expect a move into 85.00. In [...]
The Australian dollar gained considerable ground against the US dollar (AUDUSD) over the past 24-hours, following four consecutive losing sessions. Further positive developments in the eurozone last night saw equity markets surge and commodities bounce back from recent lows, supporting demand for our commodity based AUD. The local unit has remained strong during today’s Asian [...]
The Australian dollar experienced wild swings over the last 24-hours amid drastically changing market sentiment. The Aussie was initially sold off throughout the Asian session yesterday as equities lost ground and risk-aversion set in. Despite the early sell-off the Aussie turned around sharply during the European and US sessions amid speculation European policy makers will [...]
The Aussie dollar hasn’t moved a great deal against the greenback (AUDUSD) over the last 24-hours with the local unit hovering around US$1.07. The lack of significant movement in equity markets overnight has translated into a fairly lacklustre Asian trading session today for the pair. Against the Japanese yen (AUDJPY), however, it’s a slightly different [...]
The Australian dollar (AUD) was supported strongly on Friday after RBA Governor Glenn Stevens made reasonably upbeat comments about on Australia’s economic prospects during a speech to a parliamentary committee. The Aussie ascent against most of its major counterparts continued into the European and US sessions, with risk sentiment firming after US Fed Chairman Ben [...]
The Australian dollar enjoyed a relatively positive start to the new trading week yesterday. Risk was back on the agenda amid a resurgent local equity which flowed into strong European and US sessions. The spike in risk appetite saw the AUD push back above the $1.05 handle against the greenback (AUDUSD). The local unit has [...]
Some of the most volatile periods in FX markets coincide with the release of significant economic data. Some traders prefer to have open positions when new releases hit the market, whilst others avoid trading during these times. For your convenience, we have outlined some of the common releases that can materially impact currency markets. As [...]
It was another tumultuous 24-hour period for the Aussie dollar. The Australian dollar advanced in the Asian session yesterday despite Australian Consumer Confidence falling for a fourth straight month to hit a 27-month low. After touching a high of 1.0380 the Australian dollar was sold off heavily to reach a low of 1.0167 amid renewed [...]
The Aussie dollar sunk to a five-week low yesterday as risk aversion grappled the markets. Investors flocked back to safety over the past-24 hours after hawkish comments from ECB President Jean-Claude Trichet elevated fears about economic recovery. The Kiwi dollar also suffered as panic stricken investors rushed away from risky assets after yesterday’s figures showed [...]
Currency Trading Commentary: March 16
The greenback was broadly weaker in the overnight session, with traders instead bidding up riskier assets following a set of positive US economic data. The Empire State manufacturing index rose from 19.53 to 20.21 in March – the highest since June 2010, whilst the Philadelphia Fed index rose from 10.2 to 12.5 in March [...]