Currencies Archive

AUD/USD The post-RBA gains faded in Europe as traders focused more on China’s non-mfg PMI miss and broad based USD strength. Europe slid the pair from above 0.9340 towards 0.9325 into NY’s open. NY pressed the pair lower as the recent US yield slip abated… Read more

AUD/USD The mkt ignored the improved China PMI data and steadily slipped AUD/USD lower in Europe’s morning. Traders were anticipating a US jobs report that would ignite another rally for an already buoyant USD. Bears pushed the pair to 0.9275 just as NY got going… Read more

AUD/USD The combination of soft OZ data, IMF China warning and ascending US bond yields saw Europe push AUD/USD from 0.9330 to below 0.9300 into NY’s open. Yields remained firm in early NY and AUD/USD slipped further to hit a new trend low of 0.9280…. Read more

AUD/USD Bears gently persuaded AUD/USD lower in their session as the USD was generally firm. They pushed form 0.9390 and had it near 0.9365 as NY got going. ADP missed estimates and allowed a small bounce for the pair but it was quickly wiped out… Read more

AUD/USD Europe walked in with the pair hovering just above the July 28 low. Light short covering brought the pair up to the 200-hour MA (0.9402) and it sat nearby as NY got going. Broad based USD strength prevailed in early NY even as US… Read more

AUD/USD The pair continued to hug the territory surrounding 0.9400 as its magnetic grip persists. Europe saw some recent shorts cover to bring the pair just above the 21-DMA (0.9400) into NY’s open. NY pushed a bit higher but couldn’t gain much traction as 0.9413… Read more

AUD/USD Numerous rallies in Europe & NY off the 0.9400 support area stalled near 0.9420/25 resistance. The pair’s inability to crack 0.9480/00 and TL resistance off the Oct high earlier in the week had recent bulls frustrated and looking for the exits. NY initially pushed… Read more

AUD/USD After the post-China PMI inspired gains faded in Asia, Europe made sure they were completely erased as the pair slipped towards 0.9430 before bouncing near 0.9445 into NY’s open. NY applied bearish pressure on the pair as the USD was generally bid and the… Read more

AUD/USD Europe added to Asia’s gains and pushed AUD/USD to a 0.9455 high ahead of NY’s open. Asian offers into the July 10 high aided to stem the rise. The pair sat just below that high as NY got going. Early action saw a dip… Read more

AUD/USD The pair held to the lower end of the day’s limited rage for the NY session. Offers in the 0.9400/10 region loomed and with fairly significant risk events coming up bulls weren’t in a mod to push. the pair was pinned below 0.9385 for… Read more