Sponsor of the Bulldogs
Site Search
Loading
Register Now
Share Easy-Forex
Play the Easy Forex Online Game
Free 2012 Forex Guide

Now it's FREE - The New 2014 Forex eBook! Years of experience in Forex trading have gone into this book.

Fine Our More

Smart Investor Award

USD Trading Outlook


 
31.3.2015-30.3.2015 27.3.2015-23.3.2015 20.3.2015-16.3.2015 13.3.2015-9.3.2015 6.3.2015-2.3.2015 27.2.2015-23.2.2015 20.2.2015-16.2.2015 13.2.2015-9.2.2015 6.2.2015-2.2.2015 30.1.2015-28.1.2015 22.1.2015-21.1.2015 15.1.2015-12.1.2015 8.1.2015-8.1.2015 12.12.2014-8.12.2014 5.12.2014-1.12.2014 27.11.2014-24.11.2014 21.11.2014-17.11.2014 13.11.2014-10.11.2014 6.11.2014-4.11.2014 31.10.2014-27.10.2014 24.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013

30th January

AUD/USD Europe applied bear pressure to the pair as the chances of RBA rate cuts were upped in the rates markets. Aiding to weigh on AUD/USD was EUR/AUD being well bid. The pair sat near 0.7800 as NY got going. Early action saw the pair consolidate losses but bears took control again when it became clear the pair couldn't regain ground above 0.7800, EUR/AUD pressed on to the 1.4630 area and commodities got hit again. AUD/USD made a quick dive and took out bid into 0.775. A low of 0.7720 was hit. Bids into 0.7700 (barrier likely) and the abating of the USD's rise saw a profit taking bounce ensue. Late in the day the pair sat just below 0.7760. No major Oz data is due so traders are likely to key on the EZ CPI and US GDP reports for the pair's cues. Strong US GDP should see additional bear pressure applied to the pair and we might see 0.7700 (July 2009 low) break.

29th January

AUD/USD O/n carry-over highs from a weak USD following Tues's weak Durables report was followed by selling in early London and a second small slide after the Fed statement kept the patient tightening scenario intact. AUD/USD fell to 0.7900 during the Asian morning session when the MAS surprised by lowering the slope of its NEER, which was viewed as a form of easing. It rallied when Aus CPI was released and showed underlying inflation was a bit hotter than expected. The IOS was pricing in a 40% chance of a RBA easing next week before the AUD CPI and below 10% in the aftermath of the release. Another tumble in commodity prices, particularly oil, after US storage levels exploded for a second week in a row, isn't helping commodity ccys amid relentless drops in industrial metals and coal prices and another drop in China's growth target to 7% and chatter about yuan weakness. This week's o/s bounce has run out of gas before even threatening a close above the Dec 23 high & daily pivot pt at 0.8056. Bids by 0.7900 hold so far in the FOMC aftermath.

28th January

AUD/USD wasn't able to make much bullish headway in NY's session even as the USD tumbled against most other major currencies. The pair got only a small boost off the below forecast durable goods orders as it traded to a 0.7975 high. A upbeat US consumer confidence number helped turn the USD's fortunes and AUD/USD began steadily declining. Fears over a below forecast Aussie CPI due later likely tempered any bullish thoughts for the pair as well. The pair's slide tested near Europe's low and it sat just above 0.7925 late in the day. Should Oz CPI come in below f/c, calls for an RBA rate cut will be upped. Bear pressure will then be applied to AUD/USD and we might see the pair go on to break the 2015 low and test support near 0.7700.


  Go to U.S. Dollar (USD) Archive