FOREX

Forex Market Insight 02 November 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.

Daily Forex Forecast 10/02/2011

The Australian Dollar fell for a third consecutive day yesterday, the longest losing streak against its US Counterpart in six weeks.
More news

Forex Market Insight Report 10/31/2011

New week, and as we start the week’s trading, the focus will be on whether markets start to focus on the potential for a rate cut from the RBA this week. If so, we could see a break below 1.0650 as the trigger for sellers. However, the long-term bias remains to the upside and any RBA-induced weakness will be seen as a chance for buyers later in the week.

Daily Forex Forecast 10/31/2011

Nothing is ever a "straight line higher" and the Aussie succumbed to this theory during trade on Friday after a 3-cent rally the previous session.

Australian Dollar Outlook 10/31/2011

The Australian dollar has maintained its relative strength having surged past 1.0700 late last week after some of the measures agreed to at the EU summit calmed markets for the time being.

Forex Market Insight Report 10/28/2011

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.

Daily Forex Forecast 10/28/2011

The Australian dollar has rallied an impressive 3.2% over the past 24hrs to highs above 1.0700 after a detailed plan to combat the European debt crisis finally emerged

Australian Dollar Outlook - 10/28/2011

Bell FX Currency Outlook: The Australian dollar has surged more than two cents this morning, currently trading around USD1.0700 after hitting a high of USD1.0750 overnight.

Forex Market Insight Report 10/27/2011

The Aussie was sent lower by yesterday’s CPI low numbers that suggest a rate cut next week is now much more likely. However, the Aussie found clear support at 1.0320 and this means the bulls will stay in control until we see a break below that level.

Daily Forex Forecast 10/27/2011

Fears of an RBA rate cut at next week’s central bank meeting sent the Australian Dollar lower yesterday, the catalyst being worse than expected quarterly CPI data.

Forex Market Insight 10/26/2011

The Aussie has pulled back toward support at 1.0380. Today‟s CPI at 11.30 is crucial. The market is expecting 0.6% for the quarter. The market currently believes we have a good chance of 25 bps cut over the next few months, but any more than that is unlikely. So, the risk is to the upside. A higher than expected result will see the Aussie surge.

Daily Forex Forecast 10/26/2011

The Australian dollar has continued to slide from highs earlier this week near 1.0500 as nerves grip the markets ahead of this evening’s summit of European leaders.

Australian Dollar Outlook - 10/26/2011

Bell FX Currency Outlook: The Australian dollar has opened trading around the USD1.0430 level this morning after another choppy session in the offshore markets.

Daily Forex Forecast 10/25/2011

An easing in the growth of producer prices for the September quarter had little impact on the Australian Dollar as investors remain focused on overseas events.

Australian Dollar Outlook - 10/25/2011

Bell FX Currency Outlook: The AUD has risen to a six-week high overnight on the back of strong gains in commodities and continued optimism on an impending solution for Europe.

Global Markets Overview - 10/25/2011

U.S. stocks jumped Monday, pushing the Nasdaq Composite into positive territory for the year and the Standard & Poor's 500-stock index to the cusp of it, though stocks moved off session highs in late trade. The Dow Jones Industrial Average advanced 78 points, or 0.7%, to 11889 in late afternoon action. Caterpillar was leading blue chips, gaining 4.8% after the maker of construction and mining equipment reported third-quarter earnings that beat expectations and raised its outlook for the year....

Forex Market Insight 10/24/2011

The Aussie closed strongly on Friday night and this is suggestive of a bullish tone to the week. A pullback towards 1.0200 could be seen as a medium-term buying opportunity. Apart from the EU’s plans, sentiment this week will be driven by inflation numbers due today at 11.30am and Wednesday. High readings make rate cuts unlikely.

Daily Forex Forecast 10/24/2011

The Australian Dollar has held onto recent gains remarkably well as little relief came from the first of two scheduled meetings between the Euro-zone’s finance ministers

Forex Trading Weekly Forecast - 10/24/2011

Given the extraordinary volatility the markets had generated for the dollar and risk-based assets alike through the final 24 hours of this past trading week; it may seem unusual to set the benchmark currency's fundamental forecast to neutral. Yet, when we actually look beyond the aggressive, short-term swings in price action; we come to a very different assessment of the dollar's backdrop.

Forex Market Insight 10/21/2011

As per yesterday’s report, the major downtrend line is providing key resistance just above 1.0300 while horizontal resistance at 1.0370 will also cause problems for the bulls. A clear break of 1.0370 will see buying interest.

Daily Forex Forecast 10/21/2011

The Australian Dollar staged a feeble rally to a high of 1.0260 onshore yesterday as it settled from the previous evening’s fall.

Forex Market Insight Report 10/20/2011

We’ve used a daily chart today to illustrate the downtrend line intersecting around 1.0375 and this indicates why the AUD/USD is having trouble at these higher levels. For now, a retracement back to 1.0100 is likely to be seen as a buying opportunity.

Daily Forex Forecast 10/20/2011

The Australian Dollar made considerable headway against its US Counterpart throughout local trade yesterday, passing through the 1.03 level for the third time in a week, reaching an eventual high of 1.0352 late in Asian trade.

Australian Dollar Outlook 10/20/2011

The Australian dollar is a little lower this morning on reports of a disagreement between France and Germany on the details of the European Financial Stability Facility.

Daily Forex Forecast 10/18/2011

Following a slow start to the day in which the Australian Dollar traded as low as 1.0117 against its US Counterpart the Nations Currency came to life in overnight trade, touching briefly on highs above the 1.03 level

Australian Dollar Outlook 10/19/2011

There has been more news, headlines and volatility in the markets overnight, after optimism was generated on reports that France and Germany had agreed to boost Europe's rescue fund.

Forex Market Insight 10/18/2011

Last night’s selldown has left the Aussie in a precarious position as this could be the recommencement of the major downtrend that has dominated trading since early August.

Daily Forex Forecast 10/18//2011

The Australian Dollar initially held up well against its US Counterpart yesterday trading as high 1.0370 late in the Asian Session.

Australian Dollar Outlook - 10/18/2011

Bell FX Currency Outlook: Volatility in the AUD has continued overnight; falling from a one-month high of USD1.0370 back down to USD1.0150 this morning, as investors' confidence in a Euro-zone solution faded.

Forex Market Insight Report 10/17/2011

The Aussie continues to look strong with the break above 1.0230 on Friday suggesting confidence on behalf of the market. A break above 1.0350 will be the next trigger for longs, while a pullback to 1.0200/30 will also be seen as buyable

Daily Forex Forecast 10/17/2011

The Australian Dollar rallied against its US Counterpart for a second consecutive week as increased demand for higher yielding assets saw the Aussie Dollar strengthen to an overnight high of 1.0343.

Pages