I’m not hearing much from the interbank market at this stage. The bigger players have not been spotted so far today and dealers say that there is a bit of stop loss going on which is to blame for the … Continue reading
The TD gauge of Australian inflation has increased to an annual level of 2.6%. This will increase the chances of a 25 bps rate rise by the RBA early next month.
The Dubai rumours which Jamie mentioned below are probably to blame for the moderately risk-averse opening in the interbank market. EUR/USD is at 1.4350, cable is trading at 1.6240 and AUD/USD is at .9210, all below their NY closing levels. … Continue reading
It’s been a healthy consolidation of gains for AUD with one dip to the 0.9280 area the biggest drawdown of the day. Gold took a header, dropping to $1132 from 1142 in quick fashion but it soon rebounded, and so … Continue reading
AUD/USD is presently at .9305 having earlier extended its rally to test technical resistance up at .9330. A UK clearer and US investment bank were a couple of names mentioned behind the advance to .9330. Still sell orders touted .9330/50, … Continue reading
AUD/USD trades up around .9310 having closed out in North American Wednesday down around .9240, the aussie bolstered by the release of the better than expected jobs report. Talk of sell orders now layered up to .9350 with RBA interest … Continue reading
AUD/USD made a run for the stops below the 0.9170 level but it quickly scrambled back up to 0.9200 after bouncing from 0.9170 support. Traders typically try and sell ahead of stops so that they can fill them in at … Continue reading
Golds is down nearly $35 on the day after stalling again around $1160 overnight. AUD is following on its heels, trading down to fresh session lows at 0.9176. Aud bounced from 0.9170 lows on Friday before bouncing as high as … Continue reading
AUD/USD is trading soft, presently down at .9260 compared to around .9280 when I arrived some four hours ago. Sources report good hedge fund selling. Also talk of decent sell orders lined up at .9320/50.
Looks like momentum has finally stalled as the dollar came under renewed pressure in the wake of the 16:00 GMT fixing. Oil, gold and the EUR (and AUD) all surged as dose of reflation-driven risk -asset buying came into the … Continue reading