FOREX

Daily Forex Forecast 11/29/2011

The Australian Dollar opens noticeably higher this morning against its US Counterpart at a rate of 0.9876 with the local share market snapping six consecutive days of losses.

Australian Dollar Outlook 11/29/2011

The AUD has rallied back towards parity as better than expected retail sales data in the US and encouraging news out of Europe about the potential bailout plan, gave the market some confidence.

Forex Market Insight Report 11/28/2011

The Aussie has popped higher in early Monday trading and the sellers will be looking to establish positions as we enter the new week. The dynamic resistance at the 150-hour EMA looks to be the first major level this week although more cautious traders will be looking for a reversal signal before taking new shorts.

Daily Forex Forecast 11/28/2011

Lingering concerns after last week’s worse-than-expected bond auction in Germany strengthened the greenback across the board as traders looked for safe havens.
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Daily Forex Forecast 11/24/2011

The Australian Dollar broke through critical support levels yesterday as another banking saga in Europe hit headlines and a shock contraction of the Chinese manufacturing sector was confirmed.

Forex Market Insight Report 11/23/2011

As we have seen with many other markets overnight, the Aussie is trapped in a consolidation phase at lower levels and traders will be looking for a continuation of the recent down move. A etracement to 0.9900, or a break below 0.9810, will be the next opportunity for shorts.

Daily Forex Forecast 11/23/2011

As European woes continue to shroud the markets and US Budget cut concerns resurface the Australian Dollar had little support into the start of Asian hours yesterday

Forex Market Insight Report 11/22/2011

The Aussie dollar broke below 0.9975 yesterday and this resulted in a sharp move lower. Traders will be looking for a retracement towards 0.9880 for new intra-day shorts while a break below 0.9810 will trigger further selling.

Daily Forex Forecast 11/22/2011

The Australian Dollar continued its recent decline against its US Counterpart yesterday, dropping to its lowest level in six weeks.

Forex Market Insight Report 11/21/2011

The Aussie dollar pushed higher on Friday before being swiftly sent lower at resistance around 1.0100. For this week, the major support is still seen at 0.9975, and a break of this level is likely to see further selling.

Daily Forex Forecast 11/21/2011

After dipping below parity late last week for the first time in over a month, the Aussie re-captured some of those losses during Friday trade and begins the new week at 0.9980.

Forex Market Insight 11/18/2011

The AUDUSD fell below parity overnight as European bond markets endured another difficult session.A breach of important support at 0.9975 could open up the possibility of a move to 0.9550 support.

Daily Dollar Forecast 11/18/2011

The Australian Dollar traded lower for the majority of yesterday reaching its lowest level in more than a month versus its US Counterpart.

Forex Market Insight Report 11/16/2011

The Aussie dollar continues to look bearish with traders looking for new positions on a break below 1.0110. This sets up a move back to major support at 1.0060.

Daily Forex Forecast 11/16/2011

Speculation of a further RBA rate cut lessened yesterday as the central bank’s minutes from the previous monetary policy meeting acknowledged only ‘moderate easing’ was required in current domestic and global conditions.

Australian Dollar Outlook - 11/15/2011

Bell FX Currency Outlook:The AUD has opened lower this morning, currently trading around USD1.0200, as investors caution over the European crisis continued during the offshore session.

Daily Forex Forecast 11/15/2011

Rumours of another potential cut in interest rates by the Reserve Bank of Australia on December 6 sent the Aussie in only one direction from yesterday’s opening levels, and that was down.

Daily Forex Forecast 11/14/2011

s Europe takes a few small steps in the right direction the Australian Dollar manages to use the resultant risk rally to recover from monthly lows near 1.0100, touching levels of 1.0290 before close of markets.

Charting Euro Macro, Yields & LIBOR Spreads

Wednesday's 2% decline in EURUSD was the only 3rd of such magnitude over the past 3 years. There have been five of + or 2% in the last 3 years, 2 of which occurred last month; (-2% Oct 31 after referendum announcement and +2% on Oct 27 after the EFSF/Troika/recap deal). Yesterdays 13% surge in EURUSD 1-month volatility typified the broadening rise in the currency's volatility as of late.

Forex Market Insight Report 11/10/2011

The Aussie has been sent sharply lower as the market sells out of risk instruments and we can now see the AUD/USD trapped below 1.0200. A retracement back to 1.0200 provides the best selling opportunity. Alternatively traders will be looking to sell breaks to new lows.

Daily Forex Forecast 11/10/2011

The Australian Dollar opens a staggering two and half cents lower against its US Counterpart this morning following an evening of across the board selling.

Daily Forex Forecast 11/09/2011

In what was a mixed bag of local data released yesterday Australia’s Trade Surplus narrowed more than economists forecast for the month of September with exports exceeding imports by 2.56 billion, whilst a private report showed business confidence strengthened to a five month high in October

Forex Market Insight Report 11/08/2011

As per yesterday, the Aussie continues to remain under pressure with major resistance seen at 1.0450. Traders will be looking to sell up at 1.0450 until we see a clear break above that level. Support is seen at 1.0280 and then 1.0200.

Australian Dollar Outlook - 11/08/2011

Bell FX Currency Outlook:The AUD has traded in a wide range in the last 24 hours as it continues to take direction, like just about all financial markets, from developments in Europe.

Daily Forex Forecast 11/08/2011

The Australian Dollar trended lower against its US Counterpart yesterday following a private report which showed job notices in Australia fell in October, for a fourth straight month by 0.7 percent.

Australian Dollar Outlook - 11/07/2011

Bell FX Currency Outlook: The AUD has opened just above 1.0410 as the financial world follows the developments in Europe. The Greek Prime Minister George Papandreou agreed to step down as leader to form coalition government while the G-20 summit concluded without agreement to use IMF SDR funding to fund the EFSF.

Gold To Advance Further As Fed Dampens Demands For USD

Gold advance to a fresh monthly high of $1768/oz as market participants diversified away from the U.S. dollar, and the bullion may continue to retrace the sharp selloff from back in September as the Federal Reserve casts a weakened outlook for the world's largest economy.

Global Markets Overview - 11/07/2011

U.S. stocks capped their first weekly loss since September with a drop on Friday, as Europe's sovereign-debt problems overshadowed a small gain in U.S. employment. The Dow Jones Industrial Average shed 61.23 points, or 0.51%, to 11983.24, and snapped a streak of five weekly gains. The Standard & Poor's 500-stock index shed 7.92 points, or 0.63%, to 1253.23, ending its own weekly winning streak at four.

Forex Market Insight Report 11/03/2011

The EU plan has potentially stamped a bottom on risk assets and traders will be focused only the long side for the moment. Any pullbacks are likely to be bought with 1.0620 to 1.6405 seen as the potential support zone.

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