AUD Trading Outlook


 
22.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012 25.5.2012-21.5.2012 18.5.2012-14.5.2012 11.5.2012-7.5.2012 4.5.2012-30.4.2012 27.4.2012-23.4.2012 20.4.2012-16.4.2012 13.4.2012-9.4.2012 5.4.2012-2.4.2012 30.3.2012-27.3.2012 23.3.2012-19.3.2012 16.3.2012-12.3.2012 9.3.2012-5.3.2012 2.3.2012-27.2.2012 24.2.2012-20.2.2012 17.2.2012-13.2.2012 10.2.2012-6.2.2012 3.2.2012-30.1.2012 27.1.2012-23.1.2012 20.1.2012-16.1.2012 13.1.2012-9.1.2012 6.1.2012-2.1.2012 30.12.2011-26.12.2011 23.12.2011-19.12.2011 16.12.2011-12.12.2011 9.12.2011-5.12.2011 2.12.2011-28.11.2011 24.11.2011-21.11.2011 18.11.2011-14.11.2011 11.11.2011-7.11.2011 4.11.2011-31.10.2011

24th February

Australian Dollar (AUD) the AUSD/USD tracked the Euro higher but stalled at 1.0700 and consolidated in the middle of its recent range until Early Asia on Friday were we saw the next leg higher on RBA talk. RBA Governor speaking to politicians talked up the Australian economy and stated current rates are appropriate and China growth still strong. Those looking for hints of more interest rate cuts are not receiving much from the central bank lately to support their case. Looking ahead, Q4 UK GDP forecast at -0.2% vs. -0.2% previously.

23th February

Australian Dollar (AUD) the AUD/USD tried to rally but once again eased in the US session with the usual support seen for the commodity currency lacking even as Gold surged higher. Some traders suggest the political risk that is unraveling in the challenge to PM Gillard from a former Prime minister as the reason for yesterday’s underperformance. Looking ahead, February German IFO Business Climate forecast at 108.8 vs. 108.3 previously.

22th February

Australian Dollar (AUD) the AUD/USD moved back to lower after the high on the back of the Greece news 1.0750 held twice. The pullback in US stocks prompted another search for support on the bottom end of the range near 1.0650. Looking ahead, MPC Rate Hike forecast at 0-9-0 for all holding. Interesting to see the MPC support for the QE expansion however.

21th February

Australian Dollar (AUD) roared back to the topside testing 1.0800 on Monday morning and looking to test year highs at 1.0840 and then onto all time highs above 1.1000. The RBA may try to slow the rise with jawboning and small scale selling from the central bank which they call smoothing operations if the AUD/USD moves too quickly.

20th February

Australian Dollar (AUD) roared back to the topside testing 1.0800 on Monday morning and looking to test year highs at 1.0840 and then onto all time highs above 1.1000. The RBA may try to slow the rise with jawboning and small scale selling from the central bank which they call smoothing operations if the AUD/USD moves too quickly.


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