Aud/usd Parity On July

Commentary of the AUD/USD parity: The pair AUD/USD continues to move between 1.07 and 1.08 and is currently testing 1.07 as support. Indicators are globaly bullish. We maintain to trade only long positions as far as 1.07 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.09. However, if 1.07 is broken, we will wait a return below 1.0650 to trade short positions. See the previous analysis of the AUD/USD parity of July 8th, 2011

Commentary of the AUD/USD parity: After having faked the breakout of 1.07 several time, the pair AUD/USD has rebounded towards 1.08. Indicators are bullish. We maintain to trade only long positions as far as 1.07 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.09. However, if 1.07 is broken, we will wait a return below 1.0650 to trade short positions. See the previous analysis of the AUD/USD parity of July 6th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD continues to find support on 1.07. Indicators stay globaly bullish. We maintain to trade only long positions as far as 1.0650 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.08. However, if 1.0650 is broken, we will wait a return below 1.06 to trade short positions. See the previous analysis of the AUD/USD parity of July 5th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD is currently testing a return below 1.07. Indicators stay globaly bullish. We maintain to trade only long positions as far as 1.0650 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.08. However, if 1.0650 is broken, we will wait a return below 1.06 to trade short positions. See the previous analysis of the AUD/USD parity of July 4th, 2011

Commentary of the AUD/USD parity: The pair AUD/USD made a pullback on 1.07 on Friday and just found resistance below 1.08. All indicators are bullish. We maintain to trade only long positions as far as 1.0650 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.08. However, if 1.0650 is broken, we will wait a return below 1.06 to trade short positions. See the previous analysis of the AUD/USD parity of July 1st, 2011

Commentary of the AUD/USD parity: The pair AUD/USD just made a pullback on 1.07 as support after a test of the resistance at 1.0750. All indicators are bullish. We maintain to trade only long positions as far as 1.0650 is support. The breakout of 1.08 will give a new buy signal and open the way towards 1.08. However, if 1.0650 is broken, we will wait a return below 1.06 to trade short positions. See the previous analysis of the AUD/USD parity of June 30th, 2011

The Week Ahead Highlights * QE speculation leads to broad-based USD weakness * The UK's deficit plan under the microscope * MPC minutes crucial for sterling in the short-term * Europe's peripheral concerns put to bed for now * BoC likely to hold steady on rates, growth concerns * Key data and events to watch next week QE speculation leads to broad-based USD weakness The markets have been fixated on the potential of further Fed easing measures in the form of a second round of asset purchases or 'QE2'. This past week gave a lot of clues into the Fed's thinking with the release of the September 21 FOMC meeting minutes and Fed Chairman Ben Bernanke's speech at Friday's Boston Fed conference. The meeting minutes showed that 'many' on FOMC noted too-slow growth and ...

The Australian dollar fell today, after reaching the highest level in two years against the US dollar, as the report showed that the new home approvals declined in August, causing the speculation that the central bank wouldn’t raise the interest rates next week. The Australian Bureau of Statistics reported today that the number of the new building approvals dropped 4.7 percent in August, compared with 0.1 percent increase in the month before. The experts expected no change. It’ll take some time to determine where Australia’s economy are heading, but the economists say that Australia’s currency is doing very well and there is not much downward momentum. The swaps dropped to 52 percent the chance that the Reserve Bank of Australia will increase its borrowing costs at the next meeting of ...

The Yen rose to a 15- year high against the dollar on Tuesday after Japan's prime ‎minister won a ruling party leadership vote, reducing the chances Japanese authorities ‎would attempt to stem yen gains. The USD/JPY fell as low as 82.91, its lowest level ‎since mid-1995.‎ Economic News USD - Dollar Drops against the Majors The U.S. dollar fell against most of its major currencies on Tuesday, touching a 15-‎year low below 83 yen as a break of technical support levels in several currency pairs ‎sparked a stampede out of the greenback. Also the AUD/USD pair rose as high as ‎‎0.9456, its highest level since July 2008 before correcting itself. Currently the pair is ‎trading around the 0.9370 level.‎ The significant break came in ...