Results for 'AUD'
111 articles with this tag name
Updated May 23, 2013 3:30:00 PM
AUD/USD has experienced a sharp decline over the past month and the drop may have found support below the 0.9600 figure. For nearly 10 months, the pair was trading in a horizontal channel with support above the 1.01 figure and resistance above 1.06. The height of the channel projected from the break below channel support extended to about the 0.9600 figure and the 2012 lows which occurred in June of last year are just beneath
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Updated May 21, 2013 12:37:11 AM
The RBA released its minutes from this month’s monetary policy meeting, at which the bank elected to cut the official cash rate to a record low of 2.75%, citing subdued consumer prices and growth. The minutes are broadly in line with market expectations of a slightly dovish policy stance, thus the Australian dollar didn’t immediately react heavily to their release. Another cut in June is unlikely The RBA is broadly mildly bullish on economic
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Updated May 20, 2013 9:35:00 AM
AUD/USD has experienced a sharp decline since breaking below its long-term horizontal channel and daily oscillators are indicating that the selloff may be reaching exhaustion as the RSI and stochastics indicators are in oversold territory. While oscillators oversold readings may persist for some time during a downward trend, a look at shorter term charts suggest a rebound. Hourly candlestick charts show the pair trading in a well-defined bearish channel since the beginning of May and
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Updated May 20, 2013 12:12:11 AM
AUDUSD’s break of the trading range which kept it hostage since August 2012 was quick but not painless. A market wide flood to the USD sent long aussie investors scrambling for cover, with AUDUSD smashing support levels with ease. The pair took out support at the bottom of its prior trading range, before annihilating parity. In fact, since the sell-off began AUDUSD has not been able to close in the green over a one-day period,
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Updated May 14, 2013 6:13:48 PM
This pair has been consolidating in a triangle formation since mid-April, after the pair pushed back from its highest level since November 2007. Recently, however, it has been a case of which currency was weaker, resulting in some sideways movement. With AUDUSD below parity and USJPY above 102.00, and both pairs with the ability to push lower and higher respectively, what becomes of AUDJPY? AUDJPY is at key juncture as it approaches a very important
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Updated May 14, 2013 12:34:08 AM
Over the last decade or so Australia’s 10 year bond yield has generally moved in sync with the Australian dollar. However, since early 2011 a global flight to quality yields has seen this relationship deteriorate, with yields falling and the Aussie remaining relatively strong. In other words, AUD has failed to respond heavily to the RBA’s recent easing cycle because of the allure of Australian bonds to offshore investors. With relatively high yields backed by
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Updated May 13, 2013 12:10:13 AM
The Australian dollar’s push below parity against the US dollar has dominated the headlines, but the downward movement of that pair is dwarfed by corresponding price action in GBPAUD. Since early April broad GBP strength and AUD weakness has resulted in over a 1000 pip move in the pair. Positive data surprises last month out of the UK (March PMI, Q1 GDP and April manufacturing) fuelled the rally in the British pound, while looser monetary
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Updated May 10, 2013 12:39:16 AM
A flood to the USD and away from the yen generated an earthquake in the boarder market. USDJPY punched through 100.00 after better than expected US jobless claims figures caused investors to curb beats on the duration of QE3. From here, we are watching a resistance zone from early-2009 around 101.45 and then another barrier for the pair around 102.85. AUDUSD smashed barriers around 1.0150 and 1.0115, causing investors to cut expectations for further easing
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Updated May 9, 2013 6:24:43 PM
A massive push into USD and away from JPY sent some of the other majors running for cover. AUDUSD is dangerously close to parity and EURUSD is hovering just above 1.3000, but a key support zone around 0.8355 held its ground in NZDUSD. This suggests the bulls may be in overall control of the kiwi and NZDJPY may be gearing up for a breakout on the upside. NZDJPY is very close to the top
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Updated May 9, 2013 12:26:07 AM
The Australian dollar erased all of its earlier losses from the RBA’s surprise decision to cut interest rates, after a better than expected Australian employment report cast doubt over the need for looser monetary policy. AUDUSD rocketed through a resistance level around 1.0210 on the back of the employment data, after sinking to a support zone around 1.0160 following the release of stronger than expected Chinese inflation figures (inflation increased 2.4% y/y in April, modestly
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