Results for 'AUD'
109 articles with this tag name
Updated Apr 29, 2013 2:00:00 PM
Every Friday afternoon the US Commodities Futures Trading Commission, CFTC, releases its weekly Commitment of Traders report. In its simplest sense it measures if the FX futures market is long or short specific currencies versus the dollar. The report publishes different categories of trader to see if they are long or short, however we will concentrate on the non-commercial speculative end of the market (hedge funds etc.) as this tends to give a better take
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Updated Jan 31, 2012 3:45:00 PM
AUD/USD may be in the process of forming a top below 1.0755/65 highs from early Sept. and late October. On a short-term basis, AUD/USD may have also registered a double top at 1.0680/85, where a break below the 1.0525 neckline would confirm the pattern and target a move lower to 1.0365 on a measured-move basis. AUD/USD has experienced consistent strength since Mid-December as risk appetite has generally been buoyant and commodities have seen steady demand
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Updated Oct 4, 2011 4:30:00 PM
EUR/AUD has had a sharp advance in the recent risk sell-off, as high beta/growth currencies like AUD get hit the hardest, even as EUR has slumped against the USD. The run-up in EUR/AUD has brought the pair within reach of recent multi-month range highs in the 1.4230/1.4350 area, which we think offers a good opportunity to short the cross. With the Eurozone debt crisis still undermining risk sentiment, we think the EUR remains biased lower.
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Updated Oct 13, 2011 3:55:00 PM
AUD/USD has experienced an outsized rebound as markets were caught extremely short of risk following last weekend's pledge by German and French leaders to deliver a comprehensive solution to the Eurozone debt crisis. Whether or not they can actually come up with a credible plan remains to be seen, but regardless we think the global growth outlook is continuing to slow and that ultimately risk assets should move lower again. Our preference is to sell
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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 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 Dec 12, 2012 9:00:00 AM
The Australian dollar has been resilient in the face of soft economic data and interest rate cuts from the central bank. As Australia’s mining sector activity cools amid a drop in demand and lower prices for key commodities, the nation’s GDP growth is slowing and its trade deficit has been widening. Recent data releases show sentiment declining with both business and consumer confidence lower. While the RBA may pause in easing for now as the
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Updated Dec 17, 2012 1:50:00 PM
At the end of each week on Friday at 1530ET, the CFTC releases its Commitments of Traders (CoT) report. This report reflects the commitments and open interest for the prior Tuesday and is a useful indicator for analyzing market sentiment. The traders are divided into “commercial” or “non-commercial”. Commercial traders are typically large businesses that use currency futures to hedge as protection from exchange rate fluctuations. We focus on the non-commercial traders, which are large
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Updated Mar 5, 2013 3:40:00 PM
In mid-January we cited a potential Dow Theory confirmation on the horizon, as the Dow Jones Transportation Average broke above its previous 2012 highs, meanwhile the Dow Industrials remained below its 2012 highs of 13,660/65. This is precisely what chartists would expect to be the case as Charles Dow himself often found the Transportation average to be a leading indicator, based on the concept that goods would first need to be transported before they could
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Updated Oct 11, 2011 3:15:00 PM
Research Note: FOMC Minutes Wednesday, Oct. 12 Summary Outlook: On Wednesday at 1400EDT/1800GMT, the Fed will release the minutes of the Sept.20-21 FOMC meeting, at which the Fed unveiled ‘Operation Twist,’ its program of lengthening the maturities of Treasury debt in its portfolio to suppress long-term market interest rates. We think the crucial issue will be to what extent the FOMC discussed a third round of asset purchases, known as QE3. At this point, based
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