FOREX

Australian Dollar Outlook - 1 February 2012

Bell FX Currency Outlook: The Australian Dollar continued to outperform overnight on news that European leaders have agreed to a new fiscal pact and a permanent bailout plan for the Euro zone.

Daily Forex Forecast 01/31/2012

After opening the week near 1.0640, the Australian Dollar fell by 0.6% during Asian trade as speculation surrounding Chinese monetary policy weakened the local unit.

Australian Dollar Outlook - 31 January 2012

Bell FX Currency Outlook: The AUD has recovered from an overnight low of USD 1.0527, to currently be holding steady around USD 1.0600, despite risk aversion trading seen overnight as concerns over the European debt crisis surface once again.
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Stocks Thump Yields as Growth Looks on

This helps explain the weaker than expected 2.0% rise in personal consumption expenditure (PCE), following 1.7% and 0.7% in Q3 and Q2 respectively. The PCE chart (red graph) shows a potential dead-cat bounce, which may fail to regain the 3.6% high attained in Q4 2010. Finding the growth will be challenging, especially as stalled US budget negotiations risk forcing $1.2 trillion sequesters (automatic cuts in discretionary spending) starting this year.

Daily Forex Forecast 01/27/2012

With most of the country focused on lighting the BBQ and chilling the beer, the Aussie dollar had a relaxing Australia Day, for its onshore session at least

Australian Dollar Outlook - 25 January 2012

Bell FX Currency Outlook: Having reached a 3 month high the previous evening, the Australian Dollar has retraced 1 US cent overnight as the markets reacted to ongoing negotiations between Greece and its private creditors as well as IMF warnings on the European crisis.

Australian Dollar Outlook - 24 January 2012

Bell FX Currency Outlook:The AUD has risen to a 3 month high overnight, hitting USD 1.0570, as renewed optimism out of the European region sees an increase in demand for the riskier AUD.

Australian Stock Market Report - Morning 01/23/2012

US existing home sales rose by 5.0pct to a 4.61 million annual rate in December, close to forecasts centred on a result near 4.65 million. The weekly Economic Cycle Research Institute index rose from 121.2 to 123.4.

Daily Forex Forecast 01/23/2012

Following a relatively flat start to the day in which local equity markets gained around half a percent, the Australian Dollar weakened slightly against its US Counterpart reaching a later afternoon low of 1.0382.

Australian Dollar Outlook - 23 January 2012

The Australian Dollar has opened just under the 1.0500 level as financial markets await a final resolution with a group of private creditors who hold some of the Greek sovereign debt.

Daily Forex Forecast 01/20/2012

The Australian economy lost 29,300 jobs in December, a report from the Australian Bureau of Statistics showed yesterday, as a strong Australian Dollar and growing economic concerns around the globe continue to hit the local economy.

Daily Forex Forecast 01/19/2012

An increase in local consumer sentiment provided the Australian Dollar with a mild degree of support during local trading hours yesterday.

Australian Dollar Outlook - 19 January 2012

Bell FX Currency Outlook: The Australian Dollar remains above USD 1.0400 as US equity markets ground higher following the release of sound US economic data and plans by the IMF to bolster funds for bail-out requirements.

Australian Market Overview - 18 January 2012

The Australian share market rose the most in two weeks Tuesday as China's stronger-than-expected GDP fuelled expectations of a soft landing for Australia's biggest trading partner, and as sovereign credit rating downgrades by Standard & Poor's failed to spook European debt markets.

Daily Forex Forecast 01/17/2012

The Australian Dollar gapped immediately lower yesterday morning as local traders corrected their positions following a string of credit downgrades out of Europe of Friday.

Australian Dollar Outlook - 17 January 2012

The AUD is slightly higher this morning, currently trading just above USD1.0300, despite a fairly lacklustre offshore session due to the closure of US markets as they celebrate Martin Luther King Day

Daily Forex Forecast 01/16/2012

After starting at a rate of 1.0331 against its US Counterpart, the Australian Dollar enjoyed a relatively quite day of trading during the domestic session, drifting around 30 basis points higher to reach an eventual high of 1.0367.

ForexCT Market Insight 01/13/2011

The AUDUSD consolidated again overnight in current range testing resistance at 1.0380 after the ECB said its measures to stem the Eurozone debt crisis were proving effective.

Daily Forex Forecast 01/13/2012

Following a relatively flat start to the day the Australian Dollar came to life late in the afternoon session reaching an eventual high of 1.0377 against its US Counterpart.

Daily Forex Forecast 01/12/2012

In what was a relatively uneventful day for the Australian Dollar traders seemed unwilling to offer much support for the higher-yielding unit.

Australian Dollar Outlook - 12 January 2012

Bell FX Currency Outlook: The AUD is slightly firmer again this morning after a night dominated by a weakening EURO, which has reached new 16-month lows against the US Dollar.

ForexCT Market Insight 01/11/2011

We saw the Aussie pullback overnight but the move lower fizzled out before getting back to major support at 1.0200. Traders will remain focused on the upside while 1.0200 holds. A break of 1.0400 is also obviously bullish.

Daily Forex Forecast 01/11/2012

Following a relatively flat start to the day the Australian Dollar came to life in mid afternoon trade, as it was pushed higher by improved global risk sentiment as well as local building approvals which beat market expectations.

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