Aud/usd Range Traded

Fundamental Analysis EUR Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%. USD The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...

While the euro remained bearish against its main currency rivals throughout yesterday's trading session, it avoided falling to a new four-month low against the US dollar. The marketplace was unusually calm, as a bank holiday in Europe resulted in limited movements among the most traded currency pairs. As we close out the week, traders will want to note that another slow news day may result in low liquidity in the marketplace. Typically, low liquidity situations can result in exaggerated movements among currency pairs and commodities for seemingly no reason. Any mention of additional euro-zone worries may result in a significant drop for the euro. Economic News USD - Manufacturing Data Causes USD to Tumble The US dollar tumbled vs. the Japanese yen during the afternoon session yesterday, ...

Dukascopy Fundamental Analysis EUR Mario Draghi, the ECB President, insisted on Greece to stay in the Euro bloc during his public speech on Wednesday regarding the possibility of Greece withdrawal from the Eurozone. Nevertheless, according to him, the ECB will stick to its anti-inflation mandate. The ECB President's comments came after Irish and Belgian central banks reported that Greek exit would not be disastrous for the Eurozone. USD Jobless claims in the U.S. didn't live up to the expectations that it will decrease by 5K and remained unchanged, at 370K level, in the week from 6th to 12th of May. Amount of people on rolling unemployment claims increased by around 18K while the number of people on prolonged payments decreased by around 45K. 31 out of 52 states or territory's reported ...

Dukascopy Fundamental Analysis EUR Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone. USD Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month. GBP Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead. CHF Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone. ...

Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece's status in the euro-zone. The news weighed down on riskier currencies, particularly the euro, throughout Friday's trading session. The EUR/USD dropped to a fresh 3 ½ month low at 1.2903 before staging a slight correction to close out the week at 1.2917. Turning to this week, euro-zone news is once again forecasted to dictate the direction the market takes. Any additional negative announcements out of Greece could drive the euro even lower against its main currency rivals. Economic News USD - US Consumer Sentiment Gives Dollar a Boost vs. JPY News that consumer sentiment in the US reached a more than four-year high gave the ...

Forex Morning Briefing : Greece retains focus; Aussie continues to weaken What’s new: Asia: Asian and US equities remain in negative territory Greece: Still unable to form a coalition government Spain: Government expected to unveil banks’ plans on Friday Forex: AUD/USD approaching parity, fresh 2012 lows Forex: JPY still attracting support as carry trades unwind Rates in Asia and Indices: EUR/USD 1.2965 1.3008 -0.15 % USD/CHF 0.9234 0.9263 -0.15 % GBP/USD 1.6129 1.6163 -0.13 % USD/JPY 79.72 79.94 0.10 % EUR/CHF 1.2010 1.2013 0.00 % EUR/JPY 103.4 103.94 0.27 % Dow Jones 12810.39 13000.73 -0.58 % Nasdaq 2587.53 ...

The major currencies traded with slight movements during the Asian session after the previous heavy fluctuations. Asian currencies declined to the lowest level in more than a month after the worse projections for global economic recovery. Moreover, the Australian dollar continued to drop against the greenback since the RBA cut the interest rate by 50 basis points to 3.75% during May and lowered the outlook for economic growth forecasts. AUD/USD pair dropped heavily yesterday after the nation’s jobless rate increased to the highest level since 2010, where the pair recorded the lowest level in more than three months at 0.7986. The pair trades in a narrow range recording a high of 0.8018 and a low of 0.8003. Moving to the Japanese yen; the USD/JPY pair traded within limited ranges for a ...

The AUD took heavy losses vs. its main currency rivals during yesterday's trading session, falling a bigger than expected cut in Australian interest rates. The AUD/USD fell over 100 pips following the news, reaching as low as 1.0304 during early morning trading. The aussie also fell close to 100 pips against the JPY and 145 pips against the euro. Turning to today, traders will want to focus on the UK Construction PMI at 8:30 GMT, followed by the US ADP Non-Farm Employment Change at 12:15 GMT. Any positive news could help both the British pound and US dollar reverse their current bearish trends. Economic News USD - US Manufacturing PMI Gives USD Boost After taking losses against most of its main currency rivals throughout the overnight and morning sessions yesterday, the USD was able to ...

Fundamental News Today's highlight; - Interest Rate Decision. (AUD, 5:30, GMT) - RBA Rate Statement. (AUD, 5:30, GMT) - ISM Manufacturing Index. (USD, 15:00, GMT) - Unemployment Rate. (NZD, 23:45, GMT) The EUR/USD is trading at 1.3233 having retraced Friday’s gains, at the close of the European session down 0.2%, but still trading above 1.32. European bond yields are generally stable and EUR volatility is trading near its lows at 8.4. News flow has generally been negative, with Spain entering a recession (GDP came in at ‐0.3% in Q1), S&P downgrading 11 banks and the March central bank data revealing a lack of foreign demand for Spanish debt. As expected, S&P has downgraded 11 Spanish banks and put a further 6 on watch; while taking the opposite tact, Moody’s has announced that ...