USD Trading Outlook Archive

AUD/USD • Tight range holds for NY, basically 0.7890/0.7920, lingers below 200-HMA • Pair torn between rising USD & firm AUD crosses • AUD/NZD lift & GBP/AUD lift near 1.9765 aids to fend off effects of firm USD • New iron-ore high & wider spreads… Read more

AUD/USD • Pair hugs 200-HMA in Europe morning, sub-0.7920 pre-US jobs data • Whippy post-data as algos take control, initial spike up, quickly erased • USD bounces viciously & pair trades sub-0.7880, move reverses • US yields dive & takes USD with them, 0.7968 high… Read more

The dollar index rose following the U.S. jobs data and disappointing German trade and industrial output figures. The GBP reached a 2 month high at 1.5520 against the USD following the surprise Conservatives win. Sterling ended the week as the strongest currency of the week,… Read more

AUD/USD • Europe sells Oz jobs spike, EUR/AUD lift ~1.4350 weighs, ~0.7955 at NY open • USD strength emerges after jobless claims, applies more bear pressure • Steady slide sees pause near 200-HMA, support eventually gives way • S-T stops run & 0.7890 low made,… Read more

AUD/USD • Bid from Asia carries over into NY open, ~0.7985 as NY gets going • Bulls press further on ADP miss as US Tsy yields & USD sink • Stops >0.8020 run & new trend high (0.8040) made • Yield & USD rebound see… Read more

AUD/USD • Pair c200-HMA at NY open, USD bid in Europe, erodes post-RBA gains • USD hit on worse than f/c Mar trade data, post-RBA spike high tested • ISM services beat dips pair ~0.7890, dip bought as USD tumble resumes • Mkt ignores rising… Read more

AUD/USD • Short covering in holiday thinned Europe mkt after 50 Fib of 0.7534-0.8077 test • NY continues slow & steady ascent as USD lift stalls & commodities lift • S-T res ~0.7850/60 tested ahead of RBA, mkt prices >75% chance of cut • If… Read more

AUD/USD • Upped chances of RBA cut next week kept rallies tempered in Europe • NY applies bear pressure early even after ISM & TR/U. Mich data miss • UST yields rally and USD follows, AUD/USD clears 200-HMA • Slide accelerates & 0.7800 neared, p/t… Read more

AUD/USD • Combination of factors have AUD heavy in Europe & NY trade • Tighter spreads, iron-ore drop, EUR/AUD rally, AUD/NZD drop all weigh • AUD/USD hits 0.7863 low in NY, EUR/AUD to 1.4225, AUD/NZD to 1.0337 • 0.7820/35 (TL,10-DMA,Apr 28 low) supt under threat,… Read more

AUD/USD Consolidation of gains persisted in Europe’s morning, NY opens ~0.7985 Bulls take control early, USD weakness emerges & commodities rally US GDP miss aids pairs lift to new trend high of 0.8077 Action settles pre-Fed, slightly hawkish tip slips AUD/USD toward 0.8010 Fed message… Read more