Results for 'AUDUSD'
46 articles with this tag name
Updated May 16, 2013 4:10:00 PM
AUDCAD has continued to descend after breaking below the key 1.0300/25 level of support highlighted on May 6th. This Aussie weakness has continued over the past 24-hours as AUDUSD broke below the 0.9860/90 support zone highlighted yesterday: 23.6% retracement, 200-week sma and triangle support. Currently, AUDCAD is testing parity, with the 200-week sma just below around 0.9995. Considering AUDUSD broke below its respective 200-week sma overnight, it would not come as a major surprise
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Updated May 14, 2013 8:00:00 AM
After a slow start in financial markets this week a couple of themes are emerging: the yen is rebounding and the euro is getting hit from comments coming out of the Eurozone finance ministers meeting in Brussels. Could the Japanese authorities’ enormous stimulus plan be about to bite the government? 5-year government bond yields have surged to their highest level in 2 years this morning. While the nominal level of the 5-year yield is
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Updated May 14, 2013 5:30:00 AM
After a stunning end to last week and a major breakout in USDJPY, the dollar’s performance in the last 24 hours has been lacklustre at best. The dollar index has run into key resistance at 83.50 – the high from late March, opening the way for a decline back to 82.70 – the top of the daily cloud and an important support zone. So is this the end of the dollar rally, or just
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Updated May 14, 2013 5:05:00 AM
The Aussie has been the second worst performer in the G10 versus the dollar in the past week, second only to the yen. But after a sharp sell-off in the last few days it is starting to look extremely oversold. As you can see in the chart below, the daily RSI is currently at 24, below the 30 level that signals oversold territory. Technical analysis suggests that the Aussie has fallen too far, too
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Updated May 10, 2013 6:00:00 AM
If the FX market is a one horse town, then the yen is the horse today. Conspiracy theories abound as to why USDJPY slammed through 100.00 on what was a fairly quiet NYC afternoon. My personal favourite so far is from a story in the Wall Street Journal that a single trader took advantage of quiet markets, and started bidding up UISDJPY in 10 pip increments, happily thwarting the sellers. Could this individual trader perhaps
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Updated May 9, 2013 9:02:11 PM
The FX market came alive in the NY session, with massive USD and JPY based moves sending the broader market into a selling frenzy. AUDUSD smashed through support zones around 1.0150 and then 1.0115, and then bounced off an option barrier around 1.0100 as bulls became hopeful of a retracement. From here, 1.0050 may be the pair’s last line of defence, before the strength of support around parity is tested. Overall, we can see
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Updated May 7, 2013 9:00:00 AM
The RBA is the latest central bank to cut interest rates following the ECB’s decision last week. The Australian central bank cut rates by 25 basis points to 2.75% - an all time low – earlier attributing the cut to the inflation rate likely to be “a little lower than expected” in the coming months. Weaker inflation pressures gave the RBA scope to cut rates, however the strong exchange rate may have also played a
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Updated May 3, 2013 9:50:00 AM
• Details: 165k payrolls for April, upward revision to March number from 88k to 138k, total revisions for the last two months top 114k. The unemployment rate drops to 7.5%, the lowest level since the end of 2008. • Sectors that created jobs: professional and business services, leisure and hospitality, retail and healthcare. There was little change in jobs in the construction sector, mining and finance. The government shed 11k jobs last month.
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Updated May 2, 2013 5:30:00 AM
AUDUSD has dropped sharply in the last 24 hours, and followed the path of weaker stock markets. Global growth fears are the key driver including the Fed’s acknowledgement of weak US data along with weak Chinese data earlier this week. However, this cross is finding some support at 1.0220, which is exactly where it found support back on 23rd April after another sell off. This is significant support level that the market should respect
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Updated Apr 26, 2013 2:50:00 PM
Backdrop: Often you may hear about ‘month end’ flows having a positive or negative effect on a currency during the last day(s) of the month. Thus, we’ve decided to take a look at asset market capitalizations in the major market economies to help us try to determine which direction these ‘flows’ may move. Typically, the largest impacts are seen into the 11am ET fixes (of the last few days of the month) as hedge and/or
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