FX Trading News & Strategies from Australian Stock Report
It was a funny old night for markets last evening, with weakness in Europe and early in the US session suddenly reversed following the release of better-than-expected US housing data. Currency markets experienced an equally volatile ride, as traders switched out of safe havens and back into risk currencies at breakneck speed. When it [...]
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 [...]
The Aussie dollar put in a mixed performance overnight, losing ground against the greenback but gaining against the yen amid mixed equity markets. The local unit shed 0.4% against the greenback to settle at 1.0700 at this morning’s NY close and advanced 0.7% against the yen to settle at 83.83. Today the Aussie has firmed [...]
The Australian dollar rallied over the past 24-hours, moving past the US$1.08 handle on the back of yesterday refusal by the RBA to cut interest rates. The Aussie added 0.7% against the greenback to settle at 1.8000 at this morning’s NY close, and 0.9% against the yen to settle at 82.92. Overnight the euro rose [...]
The Aussie dollar enjoyed a positive session overnight amid rising global equity and commodity markets. The Aussie added 0.8% to settle at 1.0698 against the greenback at this morning’s NY close, and 0.1% against the yen to settle at 80.92. During today’s Asian session the local unit reached a five-month high after a report showing [...]
Amid weaker equity markets, the Aussie dollar put in a mixed performance overnight. The local unit added 0.4% against the yen to settle at 81.44 at this morning’s NY close, but gave up 0.6% against the greenback to settle at 1.0478. During today’s Asian session the Aussie has firmed, following the latest CPI figures which [...]
The Aussie dollar continued to push higher on Friday night, breaking above a key technical level on the back of slightly stronger commodity prices. The local unit added 0.5% against the greenback to settle at 1.0465 at Saturday morning’s NY close, and 0.3% against the yen to settle at 80.57. The Aussie was little changed [...]
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 [...]