FOREX

Daily Dollar Forecast 07/31/2012

The Australian dollar has continued higher in the current risk-on environment, breaking 1.0500 against the Greenback for the first time in four months and touching new all time highs against the euro.

Daily Dollar Forecast 07/30/2012

The Australian Dollar rallied strongly into the close of the week, as increased faith in the recovery plan for Europe made for a risk-on playing field.

Daily Forex Forecast 07/27/2012

Following a heavy week of local data releases the Australian dollar rebounded in overnight trade racing to recover all of the week’s earlier losses.

Daily Dollar Forecast 07/26/2012

In what proved to be a slightly softer than expected reading Australia’s headline Consumer Inflation accelerated to 0.5 percent in the second quarter this year, taking the annual rate up to 1.2 percent.
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Daily Forex Forecast 07/20/2012

The Australian dollar continued its advance yesterday, strengthening to its highest level in 11 weeks against its US Counterpart.

Daily Dollar Forecast 07/19/2012

Commodity currencies were the main benefactor following the second day of Ben Bernanke’s testimony to congress, which combined with the acknowledgement of a weakening US economic recovery, QE3 rumours started flying.

Daily Forex Forecast 07/17/2012

After dipping towards 1.0200 yesterday the Australian dollar has returned to its opening levels for the week following speculation the US central bank may need to provide stimulus following some disappointing US economic indicators overnight

Australian Dollar Outlook - 07/16/2012

Bell FX Currency Outlook: The Australian Dollar has opened above 1.0200 following Friday's Chinese Q2 GDP data and rallying equity markets Friday night.

Daily Forex Forecast 07/16/2012

In a largely risk-off week the Australian dollar did well to close up above $1.02 Friday night, as data from China and the United States gave rise to a last minute sentiment-based rally.

Daily Forex Forecast 07/13/2012

Triggering a large sell-off in the Australian dollar yesterday, Australian employers unexpectedly reduced payrolls in the month June.

Daily Forex Forecast 07/12/2012

The Australian dollar consistently strengthened throughout yesterday’s local session after a private report showed consumer confidence rose to a five-month high in July.

Daily Dollar Forecast 07/11/2012

Concern grew yesterday that Chinese growth is likely to slow over the coming quarter after data showed inbound shipments rose by an unflattering 6.3 percent in the month of June, almost half of the 11 percent increase forecasted.

Daily Forex Forecast 07/10/2012

The Australian dollar traded lower for much of yesterday' session as data flows out of China, Japan and the US all pointed towards a slowdown in global economic growth.

Daily Forex Forecast 07/09/2012

Following a relatively flat start to the day the Australian Dollar fell as European and US Markets opened amid renewed concern that interest rate cuts around the globe last week will not be enough to trigger a spur in demand.

Daily Dollar Forecast 07/05/2012

Some stellar Australian retail sales for the month of May added to the recent chain of positive economic releases and the Australian dollar rallied accordingly.

Daily Forex Forecast 07/04/2012

The Reserve Bank of Australia left rates on hold yesterday stating they had already delivered ‘material’ easing over the past six months, that Europe still remains a risk and that domestic inflation remains ‘consistent with the target’.

Daily Forex Forecast 07/03/2012

The Australian dollar struggled to hold onto modest gains intraday yesterday after a survey showed inflation has fallen to its lowest level since 2009.

Australian Dollar Outlook - 07/02/2012

Bell FX Currency Outlook: The Australian Dollar has opened this morning firmly above 1.0200 after a breakthrough in the EU summit in Brussels late last week. European bailout funds will be directly lent to Spanish banks (rather than to the Spanish government).

Daily Dollar Forecast 07/02/2012

The Australian dollar jumped higher on Friday as European leaders finally made headway in unifying the European banking sector and working towards calming the area’s debt crisis.

Daily Dollar Forecast 06/29/2012

Whilst Asian share markets enjoyed some solid gains in early morning trade yesterday boosting the Australian dollar to a late afternoon high of 1.0125 against its US Counterpart, initial optimism turned to scepticism as the higher yielding asset entered the offshore session.

Daily Dollar Forecast 06/28/2012

Nervousness in the markets ahead of the EU summit has been offset by encouraging US fundamentals last night and the net effect on the Australian dollar was positive.

Daily Dollar Forecast 06/27/2012

The Australian dollar has gained ground over the last 24 hours as market participants speculate the RBA will keep rates on hold when they meet next Tuesday.

Daily Forex Forecast 06/26/2012

It was a similiar story for the Australian dollar yesterday as investors appeared reluctant to hold long positions in the currency deemed to be riskier in nature.

Australian Dollar Outlook - 06/25/2012

Bell FX Currency Outlook: After all the volatility of the last week or so the Australian Dollar starts the week over parity after fairly benign announcements on Friday.

Daily Dollar Forecast 06/25/2012

In a relatively uneventful day for the Australian dollar, the higher-yielding currency failed to find much support overnight Friday, trading to a late session low of 1.0007 against its US Counterpart.

Daily Dollar Forecast 06/22/2012

A mixed session for the Asian region saw the Australian dollar post tentative gains towards 1.0200 early on before disappointing Chinese manufacturing figures sent the local unit lower.

Daily Dollar Forecast 06/21/2012

The Australian dollar marched ever so slightly higher throughout onshore trade yesterday as optimism towards the forming of a Greek pro-austerity government and the prospect of stimulus action from the Federal Reserve gave markets a sense of optimism.

Daily Forex Forecast 06/20/2012

Bolstered risk sentiment has lifted the Australian Dollar overnight, capitalising on earlier gains made after the release of the RBA’s minutes from its June meeting.

Australian Dollar Outlook - 06/18/2012

Bell FX Currency Outlook: The AUD has continued its firm tone from Friday's trading, as it appears a new coalition government will be formed in Greece between the New Democracy Party and PASOK, giving them control of 161 seats in the 301 seat parliament.

Daily Forex Forecast 06/18/2011

An initial relief rally has sent the Australian dollar higher on this morning’s open, gapping higher and touching above 1.0110 as preliminary forecasts show a pro-bailout government is likely to be formed in Greece.

Daily Dollar Forecast 06/15/2012

Amid increased demand for higher-yeilding assets the Australian dollar rose against its US Counterpart yesterday, following global stocks and commodities higher.

Daily Dollar Forecast 06/14/2012

The Australian dollar had parity in its sights again last night, although for the third time in as little as a week its attempt was unsuccessful.

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