25 June-The Australian Dollar (AUD) touched a fresh 18 year high against the USD during the European session, also benefiting from the carry trade despite the absence of data. Overall the AUDUSD traded with a range of a low 0.8463 and a high of 0.8494 before closing the day at 0.8470 in the New York session
04 Jule -The Australian Dollar (AUD)
Hi
The Australian Dollar (AUD) eased in the early part of the Asian session as poor Retail Sales prompted investors to square off profits ahead of an RBA announcement on Wednesday. Retail Sales for the month of May came in well below expectations of 0.7%, with the actual figure at -0.1%. Overall the AUD traded with a range of a low 0.8540 and a high of 0.8596 before closing the day at 0.8542 in the New York session. Looking ahead a heavy data day is expected out of the Australian markets, as the RBA is widely expected to keep rates on hold 6.25%. In other data, Trade balance is expected to widen form the previous month, slipping from the previous -962 mio, down to -1200 mio. UPDATE: RBA cash target at 6.25% (unchanged)
Hi
The Australian Dollar (AUD) eased in the early part of the Asian session as poor Retail Sales prompted investors to square off profits ahead of an RBA announcement on Wednesday. Retail Sales for the month of May came in well below expectations of 0.7%, with the actual figure at -0.1%. Overall the AUD traded with a range of a low 0.8540 and a high of 0.8596 before closing the day at 0.8542 in the New York session. Looking ahead a heavy data day is expected out of the Australian markets, as the RBA is widely expected to keep rates on hold 6.25%. In other data, Trade balance is expected to widen form the previous month, slipping from the previous -962 mio, down to -1200 mio. UPDATE: RBA cash target at 6.25% (unchanged)
13 July-The Australian Dollar (AUD)
Hi
The Australian Dollar (AUD) remained steady despite an increase in Unemployment Rate to 4.3% (June) from the previous 4.2%. Although subject to an initial sell off, the AUD was quick to receive support above key levels of 0.8600 to continue its bullish outlook. Overall the AUDUSD traded with a range of a low 0.8604 and a high of 0.8654 before closing the day at 0.8653 in the New York session. The Kiwi Dollar released its Retail Sales early Asian session on Friday, significantly higher than expectations at 1.2% for the month May (Forecast: 0.4%, Previous: -1.2%) causing initial support to the NZDUSD, pushing the currency pair towards key Psychological levels of 0.7900.
Hi
The Australian Dollar (AUD) remained steady despite an increase in Unemployment Rate to 4.3% (June) from the previous 4.2%. Although subject to an initial sell off, the AUD was quick to receive support above key levels of 0.8600 to continue its bullish outlook. Overall the AUDUSD traded with a range of a low 0.8604 and a high of 0.8654 before closing the day at 0.8653 in the New York session. The Kiwi Dollar released its Retail Sales early Asian session on Friday, significantly higher than expectations at 1.2% for the month May (Forecast: 0.4%, Previous: -1.2%) causing initial support to the NZDUSD, pushing the currency pair towards key Psychological levels of 0.7900.
17 August -The Australian Dollar (AUD)
Hi
The Australian Dollar (AUD) was battered on Thursday along with it neighboring high yielder in the NZD. The Aussie Dollar continued its free fall, also tumbling against the Japanese Yen. Overall the AUDUSD traded with a low 0.7820 and a high of 0.8201 before closing the day at 0.7863 in the New York session. Looking ahead, RBA Governor Stevens is scheduled to speak on Friday.
Hi
The Australian Dollar (AUD) was battered on Thursday along with it neighboring high yielder in the NZD. The Aussie Dollar continued its free fall, also tumbling against the Japanese Yen. Overall the AUDUSD traded with a low 0.7820 and a high of 0.8201 before closing the day at 0.7863 in the New York session. Looking ahead, RBA Governor Stevens is scheduled to speak on Friday.
One way bet ?
Aussie with strong economy and high rates vs US with weakening economy and likely rate cuts... Long AUD ?
It seems so clear there must be a flaw in my reasoning........ :cheesy:
Despite this I won't look beyond 8330/50 as near term target ................then see what happens ... now 8178
Aussie with strong economy and high rates vs US with weakening economy and likely rate cuts... Long AUD ?
It seems so clear there must be a flaw in my reasoning........ :cheesy:
Despite this I won't look beyond 8330/50 as near term target ................then see what happens ... now 8178
Watch out the Dow's movement. Recently most currencies pairs eg. AUDUSD, NZDUSD, GBPUSD and USDJPY move in very close relation to the DOW.
IMO, based on 1-H and 4-H chart, AUDUSD is awaiting a new direction although it is currently bullish biased.
Wait and see...
Thanks for that atomm .... will have to pay attention
03 September- The Australian Dollar (AUD)
Hi
Currency Trading Summary 03 September: The Australian Dollar (AUD) gained during the Asian session following positive data release in Retail Sales and Trade Balance. The AUD rose on economic fundamentals, and as an attractive high yielder, before gains were paired off following Chairman Bernanke speech. Overall the AUDUSD traded with a range of a low 0.8109 and a high of 0.8251 before closing the day at 0.8154 in the New York session
Hi
Currency Trading Summary 03 September: The Australian Dollar (AUD) gained during the Asian session following positive data release in Retail Sales and Trade Balance. The AUD rose on economic fundamentals, and as an attractive high yielder, before gains were paired off following Chairman Bernanke speech. Overall the AUDUSD traded with a range of a low 0.8109 and a high of 0.8251 before closing the day at 0.8154 in the New York session
Aussie with strong economy and high rates vs US with weakening economy and likely rate cuts... Long AUD ?
It seems so clear there must be a flaw in my reasoning........ :cheesy:
Despite this I won't look beyond 8330/50 as near term target ................then see what happens ... now 8178
Aud now 8620 (up nicely) ...... and like atomm said the graph is alot like the dow....
The scenario changed since the Fed reduced the fund rate from 5.25% to 4.75% on last Friday. The greenback ( almost instantaneously ) depreciated value against most major currencies ( except the Yen ), although the Dow surged. Technically, the positive correlation between AUDUSD, NZDUSD, GBPUSD and USDJPY and the Dow is gone, at least for the time being.
IMO, the AUDUSD, NZDUSD and EURUSD may take a breather after the strong rally since last Friday.