Post Tagged with: "Australian dollar"
China’s Housing Bust Intensifying
Evidence continues to pile up that China is experiencing a bust of of its housing bubble. Prices aren’t only “cooling”, but are plunging. Earlier in the year, reports about suicides and disappearances of developers in fright of loan sharks seemed a bit too colorful. Some numbers provide hard facts. This already impacts commodity prices and
More Strength For Australian dollar As Risk Trades higher
Stocks trade higher, and the S&P Futures at new highs around 1267 on optimism that European leaders will approve aggressive plans by the end of the week to rescue the region from a debt crisis. Meanwhile majors found some support against the US dollar, but moves were really poor with some low volume and momentum.
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 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 Outlook – September 5-9
The Aussie gained steadily through most of the week, marking its longest winning streak since April before falling off slightly Friday. Post Bernanke’s speech, the AUD has benefited from a modest improvement in risk sentiment taking hold in the markets. The upcoming week is very busy, and consists of no less than 9 events. Here
AUD/USD Collapses to Winter Range – Parity In Sight
The Australian dollar is a clear victim of the market rout. AUD/USD is at a four and half month low, back in the range that characterized it at the beginning of the year. Parity with the greenback is not too far. At 1.0150, the Aussie lost over 250 pips at the wake of the historic
AUD/USD Outlook – August 16-20
Aussie traders expect 6 market moving events in the week after Bernanke’s blow. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD graph with support and resistance lines on it. Click to enlarge: Australia’s job data didn’t exceed expectations as it did in previous month, yet it was still
AUD/USD Outlook – August 9-13
The release of employment data is the main event for the rising Aussie. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: Glenn Stevens left the interest rate unchanged at 4.50%, exactly as expected. The Aussie enjoyed other figures
AUD/USD Outlook – August 2-6
A very busy week expects Aussie traders, with the rate decision standing in the limelight. Here’s an outlook for the 13 events that will rock the Aussie, and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines on it. Click to enlarge: The quarterly release of CPI was weak in
AUD/USD Outlook – July 26-30
Key inflation figures will rock the Aussie in the upcoming week. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines on it. Click to enlarge: In a rather calm week, the Aussie rose, enjoying the basic advantages of the economy, with the great