AUD/USD is trading lower on the day, presently down at .9075 from an early .9130. A German name was seen as a strong seller early, and stops were tripped on the move through .9100 accelerating the sell-off. Talk of buy … Continue reading
With the RBA including the wording “flexibility” to its statement, the AUD saw a fall back from the 9170 area. It seems there is a possibility that the RBA may pause at one ofthe next few meetings from hiking rates. … Continue reading
Australian dwelling comencements in Q3 rose by 9.4% to 34,082 units s/adj. Forecast was for a reading of+6.8%. A good number but overshadowed by the RBA minutes.
RBA’s decision to raise rates has now given it added flexibility going forward. The AUD/USD is a little lower.
Not the sort of news which would have the RBA tempering their language. The Australian government has raised their forecast of iron-ore exports for next year by 2% to 389 million tonnes.
AUD traders are awaiting the release of the board minutes from the RBA’s December meeting and will be looking for any indication in the language that they are ready to pause from their recent tightening cycle. The AUD/USD is currently … Continue reading
A very quiet session overnight doesn’t bode well for any excitement in Asia. EUR/USD still looks like the most likely mover and I’m hearing of some large knock-out options at 1.4500 which will probably attract the market as Christmas approaches. … Continue reading
Risk appetites are recovering this afternoon as the Commonwealth currencies steal the spot-light from the range-bound EUR/USD. AUD/JPY has been in recovery mode in recent hours after selling overnight by Japanese investors. Same for CAD/JPY and GBP/JPY. Last week, commodity … Continue reading
The EURUSD has held the 1.4600 level so far today as the USD comes under pressure. Even though EURJPY saw an earlier sell off under 129.80, the EURUSD has stood firm, helping the cross recover back above 130.00. Resistance is … Continue reading
Australian commercial finance fell 16.3% in October versus September. AUD just holding above 91c. Yen crosses have been sold into the Tokyo fix.