Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Tuesday’s rebound on Wall Street coincided with a rebound in the Turkish Lira, which had plunged nearly 25% Vs in the prior 2 sessions. The Lira added about 8% Vs USD  Tuesday, helping to ease concerns over the financial health of lenders with heavy exposure to Turkey. PE […]

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence The Australian Dollar to US Dollar (AUD/USD) exchange rate has risen today following a surprise increase in Australian business confidence. The unexpected rise for NAB’s July business confidence reading has pushed the AUD/USD exchange rate to an interbank level […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary:The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. And now after a week of  hammering is is beginning to […]

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets The Australian dollar fell to an 18-month low against the US dollar on Monday, as worries about an impending financial crisis in Turkey prompted selling in the currency with strategists warning of more downside ahead. The Australian dollar fell 1 per cent at […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: The Turkish Lira at 6.9891 dove 18 % Friday as US President Trump’s announcement of tariffs on metal exports from Turkey rattled the delicate situation in the Turkish economy. This crash has weakened most majors, except the JPY Vs USD. PE US Dollar (.DXY) Index at 96.41: .DXY saw […]

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars Australian Dollar has been trading in an extremely persistent range, now taking on the shape of a triangle. Given the trend and trend-line resistance a downside break is the likely path. A drop below 0.73 will have a pair of swing lows in […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading higher and EUR is moving lower, both towards there respective support and resistance in here. PE US Dollar (.DXY) Index at 95.586: .DXY is moving closer to its prior highs 95.6-95.7. On weekly line a clear break of 95 has .DXY looking Bullish near term. Note: If US […]

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving The Australian Dollar is primed for a recovery against the US Dollar over coming months. Global risk appetite is improving. Our Global Risk Indicator appears to be moving back into positive territory for now after getting mired in the negative since early February – and within the […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD trading lower and EUR is moving higher, both towards there respective support and resistance in here. PE The Dollar (.DXY) Index at 95.15: ,DXY could move lower to 94.8, its 21-Day MA over the rest of this week. If .DXY breaks below 94.8, the trendline support is at 94.5, […]

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400 AUD/USD has moved up to the 21-hr SMA at 0.7418 and pierced it making a high if 0.7434 for the day so far while the Yuan has stabilised making for a positive climate for the proxy trade through the Aussie. AUD/USD has otherwise been capped below the 0.7440 […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR are moving against our expectatona in here. PE The Dollar (.DXY) Index at 95.15: .DXY dipped Monday after marking a high 95.52 on the day. .DXY has support at 94.8, 21-Day MA, and 94.5 the trendline support. A test of 94.8 would align the EUR’s testing 1.165-1.167, and […]

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise The Australian Dollar (AUD) has firmed against the US Dollar (USD) today, rising to a level of $0.74 on the interbank exchange rate. This is the best level of AUD/USD trading in a week and comes from growing risk […]

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing

Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: USD and EUR moving as expected in here. PE The Dollar (.DXY) Index at 95.314: The Dollar Index saw a high at 95.52 Monday day and could move higher to resistance on daily line chart at 96.0-96.2 some time next week. Recall that it broke the 95 mark last week, and […]

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher The Australian Dollar edged higher on Monday as traders took up positions ahead of the latest Reserve Bank of Australia (RBA) interest rate decision but analyst commentary suggests the announcement is unlikely to provide the Antipodean unit with impetus for further gains. AUD recovered most […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.245 looks Bullish to resistance at 95.6-95.8 in here. A clear break there open the path to 96, which corresponds with EUR testing support at 1.145. EUR (Euro) at 1.1561 broke below 1.16 last week, now seeing 1.1508 in here. A clear break below 1.1508 opens up support at […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 95.17 moved up and now looks like 96 next in here, aa close above 95 Friday will be Very Bullish for .DXY next week EUR (Euro) at 1.1587 broke below support at 1.1600-1.1625, it is headed South to 1.1508. There is support 1.145 on 3-day line, a clear […]

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range Yesterday, the AUD / USD pair was almost unmoved after the release of the FOMC statement. The Federal Reserve left interest rate unchanged at 2.00% as anticipated. The Fed also did not make any substantial changes to its statement, leaving the AUD/USD confined to its […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.64, the FOMC stressed that the US economy is growing strongly and so, a rate hike in September is almost certain. The Fed’s policy did not strengthen .DXY, it looks like it could strengthen towards 95.0-95.5 in her, as long as it holds above 94. […]

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels AUD traded within a tight 27 pips range yesterday, the narrowest 1-day range so far this year. The quiet consolidation offers no fresh clue and we continue to hold a neutral stance. We previously held the view that the downside is more ‘sticky’ but […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.59 the 1st support held for .DXY Tuesday, it is now trading at the major resistance. The focus is on the FOMC meet Wednesday, which could strengthen .DXY to 95.0-95.5. We will see if it gets capped there or breaks out. EUR (Euro) 1.1684 moved […]

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming – AUD rises as building approvals surge eases housing concerns. – Building approvals rise by 6.4% in June, sidelining fears of collapse. – But housing market activity may still slow further during months ahead. After a slow start to the week, the economic events […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE US Dollar (.DXY) Index at 94.38 fell Monday and is testing support at 94.30-35. Expecting this support to hold and for the FOMC meet to strengthen .DXY. If that happens a ride to 95.0-95.5 is likely, and 95.5-96.0 is important resistance, and a clear break above that […]

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range  The Australian dollar remains choppy and range-bound, managing to eke out modest gains on Friday against the greenback and most of the major crosses. While the Australian dollar has been trading in a narrow range for quite some time, China’s slowdown is likely to weigh […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.74, the FOMC meet this week could strengthen .DXY as the overtones in the policy statement could be Hawkish. If that happens, a rise to 95.5 is seen. The resistance at 95.5-96.0 is important, a clear break […]

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week The Australian dollar dropped in the range as Australian inflation missed expectations. What’s next? Australia’s trade balance and retail sales stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia’s quarterly inflation report showed an increase of […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: US GDP Friday may come in stronger than expected, may not. PE US Dollar (.DXY) Index at 94.694 tested support Thursday near 94.08 and then bounced as the ECB continued its Dovish stance. The US GDP release Friday is expected to show sharp acceleration in GDP in Q-2. If that happens, […]

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating The Australian dollar popped higher in late trade on Wednesday, reversing earlier losses to close at a two-week high. A reduction in trade tensions between the United States and European Union was behind the Aussie’s late surge. Overall, the bias in prices is: Downwards. The projected upper bound […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.165 is trading slightly below support a 94.2 on daily and 3 day candles. A clear break below 94 negates the near term rise to 95-96. The ECB meet’s outcome today could decide the direction. EUR (Euro) at 1.1736 is testing resistance at 1.174, A clear […]

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment The Australian dollar fell against the US dollar after the country’s statistics office released the Consumer Price Index (CPI) data for the second quarter. The data showed that the CPI rose by 0.4% in the quarter. This was lower than the expected 0.5%. It […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.62 is respecting support here, and could rise to 95.0-95.5-96.0. But a clear break below 94.1 is required to negate a rise to 95-96. EUR (Euro) at 1.1678 is trading quietly in anticipation of the ECB meet Thursday ranged within 1.174 – 1.165. A […]

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating The Australian dollar was subdued on Tuesday as the country’s central bank expressed concern about the impact of high household debt on the economy. The Australian dollar was at 73.86 US cents at 0832 AEST, down from 74.31 US cents on Tuesday. Overall, the bias in prices is: Downwards. The […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.63, the support near 94 held well for .DXY Monday. It is now trading near the 21-Days MA near 94.6. A rise to 95.00-95.25 in here, 95.5 is an important resistance mark. A clear break above that mark will correspond with a break […]

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range The Australian dollar is currently selling off against all major currencies. The Aussie is currently the weakest against the Japanese yen. Last week, the Australian dollar ended flat against the US dollar. As Chinese growth decelerates and US-China trade tensions rise, the Australian dollar remains in […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.29 has broken support near 94.5, next support is at 94 which it could test in early this week. A test of 94 by .DXY could correspond with a test of 1.18 by EUR. EUR (Euro) at 1.1739 moved past resistance at 1.1715 […]

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower The week ahead is all about prices Another big week ahead, U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus. For the Aussie Dollar, following last week’s impressive employment numbers, focus shifts to 2nd quarter inflation figures, with consumer inflation figures due […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE Note: US President Donald Trump’s comments that he is not thrilled by the Fed’s rate hikes. The US Dollar (.DXY) Index at 95.17 tested a 1 year high at 95.65 Thursday and dipped.  A rise to 96 could correspond with EUR’s falling to 1.15. .DXY may face resistance at […]

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight Bids in the dollar sees the pair surrender its gains from the employment report. It was a short-lived run for buyers as the upbeat Aussie employment report saw price jump to a high of 0.7441 but ultimately failed to move any higher with the 23.6 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.08 tested at 95.41 Wednesday and has then dipped. And can now move to the 21-Days MA at 94.67 which correspond with a rise in EUR to 1.1715. EUR (Euro) at 1.1644 saw a low of 1.1602 Wednesday. The support has held and the single […]

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade The Australian Dollar reversed earlier losses during noon trading Wednesday and marched higher ahead of the June employment report, which traders will watch closely for clues about the condition of Australia’s labour market. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 49.30 […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 95.01 bounced Tuesday and is now looking Bullish to 95.5, and its prior high at 95.53 is a Key mark. A a clear break there is Bullish USD. EUR (Euro) at 1.1653 moved up to 1.1745 Tuesday, but dipped before testing resistance at 1.176-1.177. A […]

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.545, as he 34-Day MA on the daily line is support at 94.40. Want to see a rise in the EUR to 1.175 that implies that .DXY could break above or below that support, We wait. EUR (Euro) at 1.1707 moved up Monday, marking a […]

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes

Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes Overall, the bias in prices is: Downwards. The projected upper bound is: 0.75. The projected lower bound is: 0.73. The projected closing price is: 0.74. Candlesticks A black body occurred (because prices closed lower than […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.73 dipped from resistance near 95, and now a dip to support 94.0-94.2 is possible in here. EUR (Euro) at 1.1682 broke below the 21-Day MA at 1.16 Friday, but is trading above it now. Another week of range trade within 1.175-1.16 could follow. USD/JPY […]

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes

Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes The Aussie found support in equities, settling against its American rival at 0.7423, as Wall Street closed the week with solid gains, offsetting the sour tone of base metals amid concerns related to the escalating trade war between the US and China. The pair, however, has […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.83 could turn Bullish to 95 if trade war rhetoric continues to rise. Being cautious .DXY in here and would wait for a break below 1.165 and then below 1.16 on the EUR before inferring a Bullish DXY for the next few weeks. Currently, […]

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300

Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300 The Aussie Dollar could slip back to the 0.7300 handle in the next weeks. Key Quotes 24-hour view: “While we expected a lower AUD yesterday, the rapid decline that took out the strong 0.7380 support was not exactly anticipated. The pressure is still clearly on the downside but […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.76 seeing some resistance 94.85, which could produce a dip. If it crosses 94.85, then it could again test 95 yet this week Note: The US CPI data release today would be important stronger than expected CPI inflation would strengthen .DXY. EUR (Euro) at […]

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure

Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure Forecasts from analysts at the world’s largest FX dealer, Citibank, suggest the Aussie is likely to resist further downside pressure during the months ahead. The findings are published here as the Australian Dollar suffers a bout of selling owing to another salvo in the global trade […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.19 could move to support at 94 Wednesday. A clear break below 94 for .DXY correspond with a break above 1.176 for EUR. If that happens ,DXY could become Bearish to 93.44. EUR (Euro) at 1.1731 saw 1.169 and bounced to 1.174. If it moves […]

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter

Australian Dollar: USD/AUD (AUD=X) Draws Support from Fading Trade War Chatter – Aussie is dependent on open trade for its commodities – Fading risks of war have supported AUD’s recent recovery – Yet monetary policy and technical risks overshadow bullish talk A global trade war would hurt commodity-export-dependent Australia and the fallout would weaken the […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.7 and bounced. The 34 days MA near 94.3 is next resistance. But, my preference is a move South to 93.44 in here. EUR (Euro) at 1.1752 at rose to 1.179 Monday but faded to 1.175. There is support at 1.173-1.174, after test there the […]

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last?

Australian Dollar: USD/AUD (AUD=X) Will the Rally Last? Movements in the Aussie look set to be determined by sentiment and technicals given a quiet economic calendar. There’s few releases of note in Asia with German trade and current account figures, Eurozone investor sentiment and US consumer credit the only real highlights in the second half […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 93.92 weakened Friday due on the beginning of the US-China trade dust-up, .DXY has some support 93.8 on daily lines, seeing 93.2 come soon. EUR (Euro) at 1.1761 strengthened past resistance near 1.172 and could now move up to 1.185. The early part of this week […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.43 will see support at 94.3, then .DXY could weaken towards 93.3-93.0. If the trade negotiation chatter heaths up then .DXY could strengthen towards 95.5 as a safe haven. Right now seeing .DXY falling to 93. EUR (Euro) at 1.1687 looks to want to […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.524 strength could react to the release of FOMC minutes later Thursday. Given that the policy statement was Hawkish, any deviation from that stance in the minutes could weaken .DXY to 94.3. The 3 day line chart reflects room for an up-move to […]

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range

USD/AUD (AUD=X) sits near the lower end of its daily trading range Dollar softer amid lingering trade war fears China central bank to keep yuan stable, helping cool-off market Canada dollar gains on manufacturing data, higher oil prices Mexico peso jumps on soothing words from president-elect U.S. holiday seen thinning trade Major currencies marked time […]

USD/AUD (AUD=X) Ready for a Bounce to Channel Top?

USD/AUD (AUD=X) Ready for a Bounce to Channel Top?

USD/AUD (AUD=X) Ready for a Bounce to Channel Top? AUD/USD TECHNICAL ANALYSIS: BEARS BE WARNED The Australian Dollar is struggling to get a daily close below 2017 support Positive RSI divergence warns that the pair may turn higher in the near-term A bounce would place the upper line of a descending channel as resistance The Australian Dollar has made […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY weakened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.90: Support for .DXY at 94.5-94.2 held well Monday as it is rising back to 95, and may see 95.2 Tuesday. EUR (Euro) at 1.1632 the single currency has been ranged within 1.1508-1.1721 the 2 of weeks. The bias has been to the Southside […]

USD/AUD (AUD=X) retreats farther away from 0.74 mark

USD/AUD (AUD=X) retreats farther away from 0.74 mark

USD/AUD (AUD=X) retreats farther away from 0.74 mark The AUD/USD pair came under some renewed selling pressure at the start of a new trading week and eroded a part of Friday’s strong up-move. The pair struggled to sustain/build on its momentum further beyond the 0.7400 handle and now seems to have stalled last week’s goodish recovery move […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY wedkened, EUR strengthened. PE The US Dollar (.DXY) Index at 94.71, seen testing support at 94.5 on daily lines and candles. 94.2 is also an important support mark which could slow the current fall in .DXY. A break below 94.2 would be Bearish near term. EUR (Euro) at 1.1656): A migration deal […]

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment

USD/AUD (AUD=X) tied to Chinese data and risk sentiment Chinese manufacturing growth slowed, could hit the AUD. AUD/USD strong resistance at 0.7440, upward chances increase beyond it. The AUD/USD pair edged sharply higher on Friday and settled at 0.7407, anyway down weekly basis. The Aussie found support on a broadly weaker dollar, hit by profit-taking […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index 95.29 could see a dip to 95.00-94.75 Friday, and next week, it could rise from support at 94.75 back to 95.5 and … EUR (Euro) at 1.1570 has seen a high at 1.1601-1.1617 over Thursday and Friday. There is resistance at 1.162 and […]

USD/AUD (AUD=X) bulls attempting a minor correction

USD/AUD (AUD=X) bulls attempting a minor correction

USD/AUD (AUD=X) bulls attempting a minor correction AUD/USD is making a minor recovery and testing the hid point of the .73 handle from lows of 0.7329 as the downtrend deteriorates a touch away from the support of the descending channel and yesterday’s lows (lowest levels since Jan 2017). AUD/USD has been in a tailspin of dollar […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.24 saw a high at 95.4 Wednesday and could test resistance at 95.6 on the 3 -Day line this week. Next week could see a breach of this resistance then see 96, as EUR moves below 1.15. EUR (Euro) at 1.1567 […]

USD/AUD (AUD=X) shows potential decline

USD/AUD (AUD=X) shows potential decline

USD/AUD (AUD=X) shows potential decline Bears dominated the AUD/USD currency pair on Tuesday. This downside momentum began after the rate hit a resistance cluster formed by the 55– hour simple moving average and the weekly pivot point near the 0.7415 mark. Given that the pair has revealed new downtrend channel, it is likely that the journey south […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 94.62, support for .DXY 94.1-94.2 held Tuesday and it is now bouncing to 95.0-95.5. EUR (Euro) 1.1655 came down from resistance at 1.1720-50 Tuesday. It may break below support at 1.1650-30 yet this week, which would make it Very Bearish. But, if the […]

USD/AUD (AUD=X) bewildered by Trump trade confusion

USD/AUD (AUD=X) bewildered by Trump trade confusion

USD/AUD (AUD=X) bewildered by Trump trade confusion The Australian and New Zealand dollars flatlined on Tuesday as White House officials sowed confusion about their trade intentions toward China, leaving the market in a holding pattern for now. The Aussie dollar was steady at $0.7411, after drawing bids around $0.7397 overnight. It had retreated from a […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger. PE The US Dollar (.DXY) Index at 94.195 has moved lower to support 94.1-94.0. Prefer this support to hold, if it does not, the next target is 93. EUR (Euro) at 1.1717 moved past the 21-Day MA at 1.167 Monday and will likely test trendline resistance at 1.1725, if […]

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions

USD/AUD (AUD=X) US Dollar falls to 2-week low vs yen on renewed trade tensions Dollar/yen sags after on latest round of trade tensions US plans to limit Chinese investments in US tech firms -WSJ Lira trims gains after rallying on Turkey president vote win Commodity-linked currencies slip as oil rally runs out of steam The […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR stronger? PE The US Dollar (.DXY) Index at 94.52 has support near 94.25-94.00, and may move to this mark this week, as EUR may rises to 1.17. EUR (Euro) at 1.1656 moved up Friday, testing at 1.1675, next resistance 1.167, and on a clear break see 1.170-1.175 and then […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY weakened, EUR weakened. PE The US Dollar (.DXY) Index at 94.86, 1st support 94.5, likely will test next week. But, while it trades above 94.5 it may see 95.5 again in here EUR (Euro) at 1.1603 dipped to 10 months lows Thursday at 1.1508, and bounced to 1.16. If it breaks 1.162, […]

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345

USD/AUD (AUD=X) bulls waking up after fresh 2018 low at 0.7345 AUD/USD reached a new 2018 low at 0.7345 this Thursday as the market almost reached the May 9, 2017 swing low at 0.7327. AUD bulls are now trading above the hourly 50-period simple moving average as they are trying to form a double bottom with Tuesday’s […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened. PE The US Dollar (.DXY) Index at 95.15 is moving to resistance at 95.5-95.6 on the 3-Day line, next week? EUR (Euro) 1.1574 tested to 1.155-1.153 Wednesday and has dipped to 1.156. While the single currency trades above 1.153, it might rise to 1.16 today. A clear break below […]

USD/AUD (AUD=X) could slip back to 0.7330/0.7300

USD/AUD (AUD=X) could slip back to 0.7330/0.7300

USD/AUD (AUD=X) could slip back to 0.7330/0.7300 The Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: “AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The combination of oversold condition and waning momentum suggests low risk of a break below 0.7345/50. While a […]

USD/AUD (AUD=X) Charts Highlight Nearby Price Support

USD/AUD (AUD=X) Charts Highlight Nearby Price Support

USD/AUD (AUD=X) Charts Highlight Nearby Price Support The Australian Dollar has plummeted more than 9% off the yearly highs (nearly 6% year-to-date) with the decline now approaching initial support targets of interest. While the immediate risk remains lower in the Aussie, we’re on the lookout for near-term exhaustion in price. These are the updated targets & invalidations […]

USD/AUD (AUD=X) continues to slide

USD/AUD (AUD=X) continues to slide

USD/AUD (AUD=X) continues to slide The Australian dollar remains under pressure, undermined by renewed trade tensions between the United States and China. The AUD/USD currently sits at a 6-week low after falling 2.1% last week. The economic data calendar is quiet today, although the ECB’s annual central banking forum from Sintra, Portugal, gets underway. Chinese […]

USD/AUD (AUD=X) hits new lows as commodities break

USD/AUD (AUD=X) hits new lows as commodities break

USD/AUD (AUD=X) hits new lows as commodities break The Australian dollar has slipped a little further against its US counterpart as the spat between the US and China over trade hurts commodities and commodity currencies, including the Aussie. At 0635 AEST on Monday, the Australian dollar was worth 74.46 US cents, down from 74.57 US […]

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March

USD/AUD (AUD=X) breaks below 0.7500 level, worst daily decline since mid-March AUD/USD broke below 0.7500 and is continuing the free fall. The next likely support is located at 0.7476 May 29 swing low and at 0.7412 May’s low. AUD/USD is probably en route to its worst daily decline since mid-March, this Thursday. However, if the Aussie […]

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment

USD/AUD (AUD=X) Looks For Traction From Stronger Employment Growth, Lower Unemployment The Australian Dollar rose against a majority of developed world currencies Wednesday, recovering from an overnight slump, as traders took up positions ahead of the latest volley of labour market data from down under that is due for release at 02:30 am London time […]

USD/AUD (AUD=X) Still Attracting Buyers

USD/AUD (AUD=X) Still Attracting Buyers

USD/AUD (AUD=X) Still Attracting Buyers Improved market’s mood helped the Aussie erase its early losses against the greenback, triggered by disappointing local data. The AUD NAB’s Business confidence index plunged to 6 in May, while the Business Conditions index fell to 15, both well below their April figures and missing market’s forecast. The AUD/USD pair fell […]

USD/AUD (AUD=X) Target 0.7920

USD/AUD (AUD=X) Target 0.7920

USD/AUD (AUD=X) Target 0.7920 The Australian dollar is back under pressure as the region’s trade balance surplus slips to A$977M from a revised A$1731M in March, and the lackluster development may keep the Reserve Bank of Australia (RBA) on the sidelines at the next meeting in July as officials express ‘concerns about the direction of international trade […]

USD/AUD (AUD=X) Heffx Daily Technical Outlook

USD/AUD (AUD=X) Heffx Daily Technical Outlook

USD/AUD (AUD=X) Heffx Daily Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 0.77. The projected lower bound is: 0.75. The projected closing price is: 0.76. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and […]

USD/AUD (AUD=X) Continuation of a Bearish Trend

USD/AUD (AUD=X) Continuation of a Bearish Trend

USD/AUD (AUD=X) Continuation of a Bearish Trend Overall, the bias in prices is: Downwards. The projected upper bound is: 0.76. The projected lower bound is: 0.74. The projected closing price is: 0.75. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]

USD/AUD (AUD=X) Bullish Divergence

USD/AUD (AUD=X) Bullish Divergence

USD/AUD (AUD=X) Bullish Divergence Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.77. The projected upper bound is: 0.77. The projected lower bound is: 0.74. The projected closing price is: 0.75. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Pressure on the Buck. PE US Dollar (.DXY) Index -0.4% to 92.70 $EURUSD +0.58% at 1.1921 $GBPUSD -0.18% to 1.3518 $USDCHF -0.21% to 1.0027 $USDJPY -0.27% to 109.41 $USDCNY -0.23% to 6.344 US Consumer Price Index (CPI) increased 0.2% in April, less than the 0.3% rise projected. Naturally, there […]

Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: USD still holding strong on hawkish Fed statement. PE The US Dollar (.DXY) Index at 92.38 saw highs at 92.8 after the Fed expressed positivity regarding future inflation this week. Note: If .DXY dips below 92.3 Friday, could then move to 92.0-91.5 and resume its uptrend. The next target […]