20 minutes ago | October 1st, 2014 05:35:49 GMT

AUDUSD trying to claw its way off key support

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Currently 0.8680 having held the key 0.8660 level so far, an area I’ve highlighted recently here and in the comments threads

Expect offers back into 0.8700-10 if the rally continues but plenty of stops through 0.8650-55 as that should signal a definite break

Delicately poised still down here.

0 comments

57 minutes ago | October 1st, 2014 04:58:52 GMT

Data coming up in this session 1 Oct

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Good day one and all

Another month gone and a new one begins with the greenback in wanted mode still

Some key levels still to be breached/sustained so we’ll see how we go today as markets turn more than one eye onto tomorrow’s ECB meeting and Friday’s NFPs

Data wise today we have mftg PMIs to keep us ticking over this morning before ADP jobs change and ISM mftg PMI later

As always I wish you a good session

Times GMT+1 (UK)

Economic Data  (1) 1 Oct jpg

Economic Data (1) 1 Oct jpg

conomic Data  (2) 1 Oct jpg

Economic Data (2) 1 Oct jpg

Economic Data  (3) 1 Oct jpg

Economic Data (3) 1 Oct jpg

0 comments

1 hour ago | October 1st, 2014 04:41:40 GMT

Option expiries 10am NY cut 1 Oct

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  • USDJPY  109.00 109.60 (USD 500m) 110.00 (USD 740m)
  • EURUSD 1.2600 (EUR 1.7bln) 1.2650 (EUR 1bln) 1.2700 (EUR480m) 1.2750 (EUR 1.2bln) 1.2775 (EUR665m) 1.2800 (EUR 2bln)
  • GBPUSD 1.6200 1.6225
  • USDCHF 0.9450
  • AUDUSD 0.8850
  • USDCAD 1.1100 1.1145-60 1.1200
  • EURGBP 0.7775 (EUR970m) 0.7850 (EUR1.9bln) 0.7900 (EUR 1.2bln)

5 Comments

2 hours ago | October 1st, 2014 03:49:45 GMT

ForexLive Asia Wrap: Across the board USD strength, AUD the biggest loser

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Forex trading headlines for Asia Wednesday 1 October 2014

The USD strengthened across the board during the Asian session, with EUR, GBP and CHF all drifting a little lower against it.

USD/JPY climbed steadily from the Tokyo morning, and took out 110.0 on its gain, before settling just under there as I write.The jawboning in Tokyo to talk up the yen a little (it appears Japanese authorities would like the yen to stabilise, at the least, around here) continued today, with even the press reporting the yen as being a little too weak. The slightly better Tankan report (see bullets, above) should give the Japanese authorities some encouragement, but it may be up to the FX market to remind them of the words of that eminent economist Mick Jagger: “You Can’t Always Get What You Want”.

The NZD traded lower along with the stronger USD today, ticking 0.7760 before stabilising.

But the biggest loser was the AUD, which drifted a little lower in the mid-to-late Sydney morning before being pummeled on the release of the worse than expected retail sales data (see bullets, above). It has held above 0.8660, though … so far at least.

1 Comment

2 hours ago | October 1st, 2014 03:31:01 GMT

You might hear some comments from the RBNZ

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You might hear some commnets from the RBNZ.

They have just released their annual report.

Some comments from governor Wheeler are crossing some wire services … but note these comments are dated from August 21, so its little wonder they are not moving the currency.

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Comments:

“the economy also appears to be adjusting to the monetary policy tightening that has taken place since the start of the year. This will help ensure that future average inflation remains near the 2% target mid-point and does not threaten the sustainability of the recovery.”

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Note also that the annual report is not a policy document

NZDUSD chart intraday 01 October 2014

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