February 2nd, 2010 09:16:01 GMT

AUD/USD recovers back over .8800


AUD/USD back over .8800, presently at .8803 having been down to .8780.  Talk  decent buying from UK clearer and US investment bank helped lift pairing. Elsewhere, UBS has apparently issued AUD/NOK sell recommendation at 5.22 (how exotic, well almost) Target 5.00, stop loss … Continue reading

February 2nd, 2010 08:20:38 GMT

AUD/USD slipping again


AUD/USD down at .8785 from around .8815 when I sat down.  Talk German bank has put out buy euro/aud recommendation. Details unknown (well at least by this kiddy) There have been earlier reports of Asian sovereign buying beneath .8800.  Will be … Continue reading

February 2nd, 2010 04:30:05 GMT

“Dead-cat” syndrome in the AUD/USD


Market feels long and wrong with the AUD/USD drifting steadily lower and showing little propensity to bounce. Some bids are tipped around the .8760-70 level so that might be a good place to start booking small partial profits. Sellers now … Continue reading

February 2nd, 2010 03:30:30 GMT

RBA: no change


China seeking to reduce economic stimulus Global credit conditions remain difficult Will hike again in near future if economy continues to improve In other words, it is international rather than local conditions which influenced the decision


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