Post Tagged with: "AUD/USD"
AUD/USD: Trading the Australian Retail Sales
Australian Retail Sales is the most important indicator of consumer spending. Its release in the first week of the month provides analysts and investors with their first look at figures from the vital consumer sector. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 00:30 GMT. Indicator Background Consumer spending
AUD/USD Falls to One Year Low as Greek Default Nears
The Australian dollar surrendered to the gloomy mood in the markets and now dips below support, at a one year low against the US dollar. If this break is confirmed, there is quite some room before the next line of support. The last times that these levels were seen was at the end of September
Commodity Currencies Gain Against Greenback on Positive US Figures
US jobless claims fell to 391K, the lowest level since April. This is far better than 420K that was expected. GDP for the second quarter was revised to the upside – 1.3% (annualized). A revision from 1% to 1.2% was expected. These figures, and especially the unemployment claims, show that the recession might not be
5 Most Predictable Currency Pairs – Q4 2011
Some currency pairs will push through if they break a significant support or resistance. If not, they will bounce back or at least slow down before approaching these lines. Those well behaved pairs are more predictable. Even if you lean heavily on fundamentals, these lines will help. In some currencies. Some other ones are just
Fed move meets with disappointment
Last night, the US Fed decided to launch the much talked about ‘operation twist’, designed to push down longer-term interest rates by selling their short-dated holdings (less than 3 years) and investing in longer-dates bonds (6 to 30 years). Compared to what was expected, the market moved on from this around three weeks ago as
AUD/USD Nears Parity After Bernanke’s Blow
The Australian dollar is a clear victim of the action and the inaction by the Federal Reserve. AUD/USD already lost already 200 pips and is getting close to parity. The Aussie managed to pierce through parity when QE2 was announced back in November. What goes around comes around. Big time. The Australian dollar is a
AUD/USD Finds Bottom at 2010 High
The Australian dollar suffered from troubles far far away in Greece and stumbled to a one month low against the US dollar. It found support at the 2010 peak, which sent it to bounce higher, but it remains vulnerable. Greece has been swinging from hope to despair over the weekend and at the wake of
AUD/USD: Trading the Australian Employment Change
The release of the Australian employment change and unemployment rate indices are critical leading indicators which always affect the markets. The importance of employment figures coupled with their publication early in the month could have a significant impact on AUD/USD. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 1:30
AUD/USD Pushes Forward on Strong Growth
The Australian dollar is marching forward against the greenback as the Australian economy rebounded nicely in Q2: the growth rate of 1.2% exceeded expectations for an expansion of 1%. AUD/USD is up to 1.0580 from around 1.0540 before the release. In Q1, the Australian economy squeezed by 1.2% according to the initial report. This was
AUD/USD: Trading the Australian GDP
Gross Domestic Product (GDP) is a measurement of the production and growth of the economy. It is considered by analysts as one the most important indicators of economic activity. Thus, publication of Australian GDP may have a significant impact on AUD/USD. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 1:30