Tradervox (Dublin) - The troubles in Europe seem to spillover to the south pacific countries, and despite yesterday’s rally, the kiwi and Aussie has plunged back into declining trend. The Australian dollar has weakened to its lowest this y…
Tradervox (Dublin) - The Australian and New Zealand dollars have gained against the yen and the dollar as major technical indicators showed that the recent decline have been excessive. The two south pacific dollars had declined as concerns that …
In this clip from the FXTimes Market Intelligence Briefing we review key overnight developments including Chinese trade data (weaker imports and exports, Australia’s employment change (a monthly gain and drop in unemployment rate), and the Bank of England interest rate decision (decided to pause QE program).
Tradervox (Dublin) - Mixed data is seen coming out of the Australian economy. Today early in the morning hours the Australian economy posted Trade Deficit figures. The country’s trade deficit for the month of March doubled to $ 1587 millio…
According to the Australian Bureau of Statistics (ABS), Australia has had a positive trade balance for 10 straight months until the March 2012 release for January’s trade data. It has since deteriorated further in February and in March. The importance of this release is its revelation of shrinking exports after it has been the motor for the Australian economy…
Tradervox (Dublin) - Risk appetite declined in the market as election results from France and Greece elicited concerns that the region will encounter difficulties in implementing austerity measures. The Australian and New Zealand dollars fell am…
The 5/7 trading week starts with some slightly positive data from Australia. Building Approvals for March came in 7.4%, beating already positive expectation of 3.2%, reversing the -7.8% reading for February. However the year-on-year reading is still -15.0%, and there is still some ways to go before bucking this negative trend…
By Joel Kruger, Technical Strategist for DailyFX.com Markets still locked in quiet consolidation Euro still unsure of next moves; good two-way demand Solid US economic data keeps equity markets supported US Dollar to eventually emerge as broad outperformer Risks of additional QE should diminish as data strengthens Softer economic data out of UK and Canada…
The Reserve Bank of Australia slashed the Official Cash Rate from 4.25% to 3.75%. The 50 basis point cut was more than the 25-bps cut the market has expected. In Glenn Steven’s (Governor of the RBA) statement, he mentioned slowdown in China as well as the challenge in the Eurozone. He also noted a slowing domestic economy despite a growth in demand:
We highly anticipate the upcoming CPI data from the RBA. The RBA itself has signaled that muted inflation from this data release would open the door for rate cuts in order to help the domestic economy, and as a result, we should see the Australian dollar pressured as those expectations continue to be priced in. We look at 3 AUD crosses – the AUD/USD, AUD/CAD, and GBP/AUD – as 3 pairs to target if the CPI data acts as a catalyst for further AUD weakness.
**BOE Fisher: Would Be "Uncomfortable" With Continued GBP Appreciation (via DJ)
Good bye Awfully disappoining Philly Fed at -5.8 vs exp 10. LEI -0.1 #forex
$GBPUSD Shed more weight after PM Cameron's remarks that Euro Zone must “make-up or break-up” and that a collapse would hurt the UK economy
USD/MXN stalling at resistance now - another chart coming in 7 minutes http://t.co/1JMTooeo RT @alaidi: starting to think $EURGBP can do mid 60s =||= Interesting - maybe a touch of resistance first? http://t.co/T66MKfMF Keep your eye on these levels - they're really all that have mattered lately (USD/CAD at resistance) http://t.co/qwMiwacS Thinking about selling some USD/CAD? Here's a chart for you: http://t.co/8rDw3OSv Buy-Time for NZD/JPY? It's showing some Arizona Rules counter-trend divergence on 5M: http://t.co/DW9STU47 #Bankia has called on depositors to remain calm, responding to today's reports that over €1bn had flowed out in recent days #forex AUD/USD banging on .9900 support - here are some levels http://t.co/tlPFiB3C €€€ leaking of Spain too. #Bankia, just nationalised last week, said to hemorage € 1bn in withdrawals #forex What @vicky_malhotra Which pair in particular? It does look OB across the board Fed ahead of the artificial growth, FX devaluation curve RT @conorsen Really enjoying the divergence of views (cont) http://t.co/KlJqONB7
$USDJPY is the only pair in which traders are not short the USD. Ratio at 4.3 longs per short. I'm not bearish, however, as pair range-bound
Although U.S. jobless claim figures missed market expectations, they're still holding at the lowest rate since 2008. Extreme RSI and Rate of Change measures on $USDOLLAR emphasize that the risk of short-term pullback is high, but I'm looking to buy dips. $USDOLLAR http://t.co/6UHs6oqT SSI Snapshot: crowds still heavily short USD, uptrend remains very much intact. $USDOLLAR http://t.co/f7Wmp0Ng Daily RSI at most extreme in its 2yr history, 14-day ROC most extreme since 11/2011 top. Stole away from the expo to get down to markets. (Not like I'm useful to FXCM Italy at the booth since I don't speak Italian..) bottom feeders helping to keep bearish momo intact MT @ZipperTheory markets cant hold gains for anymore than 20 mins..certainly not bullish Bigest weekly run-up in $EURUSD option volatility since September. Premium subscribers see Tuesday chart for reference #forex Moody's Eyes Spanish Banks, Stocks Reach 7% Territory http://t.co/2w6M7lw7 #forex $SPX While rate differentials aren't conducive to a weaker $EURAUD, commodity currencies still viewed as a safer alternative to debt-plagued euro
REPORT: Check out our "Morning Slices" report at http://t.co/CA4ZFwMi for an overview of the latest developments. lol *DJ Spain Deputy Finance Minister: Bankia Has Strong Future -not to worry, stock only down 25% 1320 marks that 7% peak-to-trough move in $SPX. Now we're talking #forex #stocks US crude ($CL_M) again slowest to react to overall selloff in risk assets, eyeing 89.90s from here. Our Premium targets 60 pts from 93.90 Repeating the same $AUDUSD idea from Tuesday's Premium shorts/parameters #forex $EURUSD: Clears stops below 1.2680 and would now expect to see a test of the 1.2625 yearly lows from January into North American trade. A weaker $EURUSD =stronger $USDCHF (base currency driver) =stronger $AUDCHF ..led by a capital flight out of euro denominated assets #FX Spanish 10 yr yields, now at 6.36%, have yet to enter the 7% territory, the Bailout-Signal for Greece, Ireland & Port #forex $EURUSD: Testing Wednesday's lows and looks like ti could soon accelerate towards 1.2625 yearly low if 1.2680 convincingly broken.
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