Post Tagged with: "AUD/USD"
AUD/USD Outlook – February 22-26
The Aussie enjoyed talks about future rate hikes to make gains this week, despite Bernanke’s mini-rate hike. The upcoming week contains a few quarterly releases that will move the Australian dollar. Here’s an outlook for the Aussie and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines marked. Click to enlarge:
Fed Mini-Hike – Which Currencies Are More Vulnerable
Ben Bernanke surprised everybody with a hike of the Fed’s discount rate. The response was immediate and shook all the markets. Some currencies weathered the storm, while others are at critical spots. Here’s a quick damage control. The Federal Reserve only raised the special discount rates for banks, and said that businesses and households won’t
Forex Daily Outlook – February 18th 2010
Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well. The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases
Decade Low for EUR/AUD
It’s quite a rarity to see a pair trade at levels last seen in 2000. EUR/AUD has this honor. The breach of a technical barrier reflects the fundamentals perfectly. EUR/AUD is now trading at 1.5268 bouncing off the a bottom of 1.5188 earlier. These numbers don’t mean too much as this isn’t a popular cross.
As Fear Fades, Commodity Currencies Rightfully Gain
The Greek crisis is unwinding slowly – too slow for the Euro. But far away from Europe, a sigh of relief is heard: The Australian, New Zealand and Canadian dollar are advancing nicely. Eventually there will be a solution to the long Greek crisis. It can be with German help, IMF funds or some other kind
Forex Daily Outlook – February 16th 2010
After a rather easy day, the calendar is busy again: British inflation numbers, German ZEW Economic Sentiment and American TIC Long-Term Purchases are the highlights. Let’s start: In Australia, we’ll get to see why the RBA didn’t raise the rates as expected. The Monetary Policy Meeting Minutes might also reveal future policy. Also in Australia,
AUD/USD Outlook – February 15-19
The Aussie finally enjoyed a good week and made some gains. The upcoming week contains lots of important speeches that will shape the direction of the Aussie. Here’s an outlook for this week’s 7 Australian events and and updated technical analysis for AUD/USD. AUD/USD graph with resistance and support lines marked. Click to enlarge: Australian
Aussie Fights Back
The Australian dollar reminded us of its strength, riding north on another round of good employment figures. It’s now approaching an important resistance line. An update on this strong currency. The Australian unemployment rate fell to the lowest level in 11 months: only 5.3%. This exceeded expectations for a small rise from 5.5% to 5.6%.
Forex Daily Outlook – February 11th 2010
A busy day is expecting us. The focus is still on the Greek crisis – the market will move by the voices heard at the EU Economic Summit. There are lots of other figures elsewhere. Let’s see what’s up for today. Employment figures in Australia will rock the Aussie early in the day. Australian employment
Forex Daily Outlook – February 10th 2010
We finally have a busy day today, with many important indicators, especially in Britain. GBP/USD and the Pound crosses will rock today. Let’s see what’s up for today: The upcoming resolution of the Greek crisis sure is helping the Euro by breaking technical levels. EUR/USD is above