Australian Dollar (AUD) the AUD/USD opened up very strong gaining nearly 1% above 0.9800 and hitting 0.9880 before easing back to the figure by the start of Asia on Monday. The outlook in the short term is on whether the EU can calm markets and… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (29-05-2012)
May 29, 2012Australian Dollar (AUD) Trading Outlook (28-05-2012)
May 28, 2012Australian Dollar (AUD) the AUD/USD spent most of Friday under pressure but has opened the week so far strong now above 0.9800 and a relief rally here may see a test towards 0.9900. Looking ahead, no data today.
Australian Dollar (AUD) Trading Outlook (25-05-2012)
May 25, 2012The Australian Dollar (AUD) shrugged off a disappointing HSBC Flash PMI number out of China in the Asian session, but failed to put up a similar fight against an extensive release of negative data out of the Eurozone. The AUD whipped about in a hundred… Read more
Australian Dollar (AUD) Trading Outlook (24-05-2012)
May 24, 2012The Australian Dollar (AUD) naturally eased in light of risk appetite being off. The AUD fell to fresh 5 month lows, briefly trading below 0.9700. Focus now shifts to HSBC flash PMI release for further indication on AUD momentum.
Australian Dollar (AUD) Trading Outlook (23-05-2012)
May 23, 2012The Australian Dollar (AUD) managed to hold on to much of its previous day gains throughout the Asian session, as regional stock markets showed positive life. Yet sharp reversals on Papademos comments saw the AUD trade back to monthly lows of 0.9800 before breaking further… Read more
Australian Dollar (AUD) Trading Outlook (22-05-2012)
May 22, 2012The Australian Dollar (AUD) maintained its early Asian session rally following an increase in Chinese coal demands, to rally back above 0.9900 as EU trading remained optimistic in light of muted Greece talk. Boosted by AUDJPY demand, and rebounding commodities, The Aussie dollar managed to… Read more
Australian Dollar (AUD) Trading Outlook (21-05-2012)
May 21, 2012The Australian Dollar (AUD) was the markets whipping boy in Asian trade as heavy AUDJPY unwinding and a market spooked on Greek and Spanish woes, insured the commodity currency traded at its lowest level since Dec 2011. ANZ bank chief added fuel to the fire… Read more
Australian Dollar (AUD) Trading Outlook (17-05-2012)
May 17, 2012Australian Dollar (AUD) the AUD/USD rebounded aggressively from the 0.9870 to 0.9970 and is potentially looking to rally for a second day towards the key 1.000 level. AUD/JPY is a source of support back above Y80 and in demand from Japanese investors.
Australian Dollar (AUD) Trading Outlook (15-05-2012)
May 15, 2012Australian Dollar (AUD) the AUD/USD broke parity in Asia to little fanfare only falling to 0.9950 overnight with the market very subdued and selling gentle. The outlook is for further losses with many targeting 0.9800 but the oversold US stock market suggest a short squeeze… Read more
Australian Dollar (AUD) Trading Outlook (14-05-2012)
May 14, 2012Australian Dollar (AUD) opened up Monday stronger on the Chinese Rate cuts but this was reversed sharply towards the parity level as the EUR/USD fell on Greece concerns. So far the 1.000 level has held and there has been strong support so far at the… Read more