The Australian dollar struggled in several tests of 0.8200 and has drifted down to 0.8148. The orderboard is thin until the post-FOMC lows at 0.8117 and 0.8107 with stronger bids at 0.8100. Sellers at 0.8203.
The gyrations post FOMC & Yellen have cleaned out the boards … here’s what’s left AUD/USD Sellers …. some around 0.8135 and 0.8160 but size is not large Buyers 0.8100/05, stops below 00 Currently 0.8122 – NZD/USD Sellers 0.7150 – … Continue reading
AUD/USD remains heavy, but the 0.8200 area is holding bids that haven’t cracked yet Sellers 0.8230/35 then 0.8280 and 0.8300 Buyers 0.8200, stop loss sellers below 00 and below 0.8190 Currently 0.8217 – NZD/USD Sellers 0.7815/20 then 0.7855/65, 0.7900 Buyers … Continue reading
US trading desks are just ramping up for the week but it’s already been a wild ride. The ranges are unusually large, right across the market, although the changes on the day aren’t unusually large. The laggard so far is … Continue reading
Some notes: USD/JPY and yen crosses are seeing much less liquidity today than normal. The orderboard, too, is thinner than normal Both of these issues should improve with the passage of time, but for now the yen FX market is … Continue reading
The talk of the town: RBA’s Stevens says AUD should be closer to 0.7500 Ryan adds: You can read the full interview here and it’s not as dovish as the market might have been looking for. AUD/USD Orderboard (after getting … Continue reading