USD approaching a top
Over the past month there has been biased towards USD strength as a disconnect formed between fixed interest and FX markets. This process has just about run its course. A Fed pause is now fully discounted into year’s end and a hike is priced in early next year. It’s diffi cult to [...]
Entries Tagged as 'AUDUSD'
Buy Dips on AUD
May 6th, 2008 · No Comments
Tags: AUDUSD
Carry Trade - Australia a Better Bet?
May 1st, 2008 · No Comments
Australia seems the better bet between Oz and New Zealand as in Australia you have a more hawkish central bank and early signs of a rekindling of the M&A boom after yesterday’s announcement of a A$13B AUD-positive M&A. The move lower in gold is not bullish Aussie, but on the other hand copper and the [...]
Tags: AUDUSD
AUD/USD: Bullish Trend Reversal Above 0.9104
March 27th, 2008 · No Comments
AUD/USD – Set to extend gains to 0.9311 after a bullish trend reversal above 0.9104.
The price retracement in AUD/USD stalled near 0.9000 after the formation of a morning doji star pattern. The resulting bullish trend reversal above 0.9104 has provided a more positive backdrop to the market. With valuations also reaching oversold levels, support [...]
Tags: AUDUSD