Post Tagged with: "Commodity Prices"
AUD/USD Breaks Resistance on Positive Figures
The Australian dollar is riding higher on good data at home and in China. The impressive recovery is now moving through resistance. Will this break be confirmed? AUD/USD is trying to break above 1.0720, a line that is struggling with in recent days. The third attempt might succeed, as the pair drifts higher. Australian retail
Forex Daily Outlook – September 1 2011
ISM Manufacturing PMI in the UK and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly report for the number of unemployment that filed for insurance on the past week, reduce from 417K on July to 409K this week is expected. Later in
AUD/USD Outlook – Aug. 29 – Sep. 2
The Aussie managed to close the week higher, but it is still capped by resistance. The upcoming week is very busy, with no less than 8 indicators awaiting us. Here is an outlook for these events and an updated technical analysis for AUD/USD. The assumption about no new QE in the US hurt the Aussie,
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 1-5
After breaking to new ground, Aussie traders expect a very busy week. Among the 12 events, the rate decision draws the most attention. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The main drivers of the Australian dollar were fresh quarterly inflation figures. Rising prices mean that rates
Forex Daily Outlook – August 2 2011
Personal Spending in the US and Halifax HPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Personal Spending, monthly measurement for the total Spending value, is about to rise to 0.2%. Meanwhile on the Personal Income no change from 0.3% is forecasted. Later in the
Forex Daily Outlook – July 1 2011
We end this week with ISM Manufacturing PMI in the US and Manufacturing PMI in the UK. Here is an outlook on the market-movers awaiting us. In the US, Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); monthly survey of 400 manufactures to measure business conditions, is about to reduce by 1.6 points
AUD/USD Outlook – June 27 – July 1
The Australian dollar was hit by global fears and retreated, still remaining in range. The upcoming week consists of key interesting figures from Australia and also from China. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD, now in lower ground. The end of QE2 in the US and
AUD/USD Outlook May 30 – June 3
The Australian dollar managed to gain ground for another week, after pulling from lows once again. The upcoming week is very busy, with GDP being the highlight. Here’s an outlook for the 14 events expecting us, and an updated technical analysis for AUD/USD. The stabilization of commodity prices and the weakness of the US economy,
Dollar takes a breather
After a (frankly) sparkling first couple of weeks of this month, Monday witnessed some profit-taking in the greenback. Other than dollar longs taking profit, a slight improvement in risk appetite and some market participants taking a more benign view of Greek developments, it was difficult to pinpoint any other particular rationale for the price action.