Forex Crunch » Australian dollar

China’s Housing Bust Intensifying

Yohay — Tue, 13 Dec 2011 15:19:49 +0000

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 could push them and the Aussie even lower.

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More Strength For Australian dollar As Risk Trades higher

Yohay — Wed, 07 Dec 2011 09:55:24 +0000

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. We however expect further dollar weakness, especially as recovery shown on dollar index appears corrective from Nov 30, labelled as wave X, but still not sure if finished already.

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AUD/USD Finds Bottom at 2010 High

Yohay — Mon, 12 Sep 2011 20:17:35 +0000

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 the new week. On the bright side, a fresh property tax announced by Greece is expected to fill the gap in its bailout program – a move that will allow it to get the next tranche of aid. But this optimism was spoiled.

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AUD/USD Pushes Forward on Strong Growth

Yohay — Wed, 07 Sep 2011 01:33:07 +0000

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 now revised to the upside – contraction of only 0.9%.

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AUD/USD Outlook – September 5-9

becci — Mon, 05 Sep 2011 10:38:24 +0000

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 is an outlook for these events and an updated technical analysis for AUD/USD.

The Aussie was buoyed by Thursday’s release of higher than expected Australian retail sales. Positive manufacturing data out of China also helped to drive the AUD, easing concerns of a stalling economic recovery in China. With the RBA expected to leave interest rates unchanged at the next meeting, the AUD has been increasing against the USD.

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AUD/USD Collapses to Winter Range – Parity In Sight

Yohay — Mon, 08 Aug 2011 22:28:18 +0000

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 US downgrade, and is dropping over 900 pips in one week. The Australian economy has nothing to do with it.

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AUD/USD Outlook – August 16-20

Yohay — Sun, 15 Aug 2010 01:00:34 +0000

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:

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AUD/USD Outlook – August 9-13

Yohay — Sat, 07 Aug 2010 18:01:59 +0000

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:

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AUD/USD Outlook – August 2-6

Yohay — Sat, 31 Jul 2010 21:20:33 +0000

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:

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AUD/USD Outlook – July 26-30

Yohay — Sat, 24 Jul 2010 18:07:26 +0000

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:

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