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USD Trading Outlook


 
30.10.2014-27.10.2014 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 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

9th May

The Australian Dollar (AUD): AUD consolidated the gains inspired by another strong OZ jobs data and also a better than f/c China trade data. The pair held within the 0.9370-95 zone. However, bigger impact on AUD was felt vs the EUR on Draghi's comments. EUR/AUD sat near 1.4870 into ECB rate decision and shot briefly above 1.4900 in the early comments. His tip to the GC being comfortable taking action "next time" sent the pair spiralling lower. RBA's SOMP will be due at 01:30GMT, indication of an improving economy would help the AUD.

8th May

The Australian Dollar (AUD): The pair traded in a bearish tone to a low of 0.9319. Yellen's testimony weakened the USD, her tip to recent housing weakness and continued sloppy labour sent U.S yield tumbling. AUD/USD lifted off the lows and hit 0.9343 where it sat late in the session. Oz job data is due later today and the f/c to deteriorate slightly. If it comes in weak, then gains may be erased and key support near 0.9200 may be retested.

7th May

The Australian Dollar (AUD): Europe ran stops above 0.9315 just before NY walked in. Broad based USD pressure and the basically unchanged RBA statement gave bulls courage to push the pair towards 0.9340 into NY's open. The USD found little relief from bears for most of NY and AUD/USD rallied to a 0.9367 high. Persistent downward pressure on the US 10-year yield kept the greenback on its heels. AUD/USD saw only a minor pullback and sat just above 0.9360 late in the session. Markets look to Oz Q1 retail sales & China's April HSBC Services PMI. Oz sales are f/c to improve to 0.4% vs the prior 0.19% while the mkt looks to see if China's services can hold ground near March's 51.9 result. Sold results could see AUD/USD's recent rally push further.

6th May

The Australian Dollar (AUD): After the inspired rally to the 21-DMA, the AUD/USD lost steam and settled into 0.9252/0.9285 range for both Europe and NY sessions. Narrowing yield spreads and trend resistance off April high managed to cap bullish momentum and aldo due to upcoming RBA meeting aided to keep action subdued. No major changes are expected from the RBA today but traders may see risks lean to the dovish side. Aus inflation and other econ releases have fallen short of forecasts and may get mention by Steven.

5th May

The Australian Dollar (AUD): A much better than expected NFP number ripped the AUD/USD lower to test support near the April low. A low of 0.9203 was made and no further losses were seen as the market took a look at the internals of the jobs data and decided the report wasn't the game changer to what the market was looking for. The pair rallied to a high of 0.9275 and little pullbacks were seen. A fairly active week for the AUD, with the RBA rate decision (unchanged f/c), employment and the RBA's MPS.


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