Aud/usd The Aussie Made

Fundamental Analysis EUR "Inevitably there is going to be an element of bargain hunting as investors look to top up their holdings on the basis of slightly lower prices" - Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers European stocks edged higher on Monday on China’s pledge to boost growth. USD "Equity prices have gotten oversold" - Mark Luschini, chief investment strategist for Janney Montgomery Scott LLC U.S. equity market edged higher on Monday on China stimulus hopes and after German and French officials said they would cooperate to keep Greece in the monetary union. GBP "Obviously, as the euro depreciates, the U.K. gets slightly more expensive" - Miles Shipside, Rightmove commercial director U.K. national house prices stagnated in March, announced the ...

Australia’s employment data made a pleasant surprise for those Forex traders that were bullish on the Australian dollar as employment unexpectedly grew and the unemployment rate fell. The number of employed persons in Australia rose by 15,500 in April from March, while analysts expected a drop by 4,800. The unemployment rate slipped from 5.2 percent to 4.9 percent, even though an increase to 5.3 percent was predicted. The Australian currency is still pressed by negative outlook for Europe and uncertain prospects for China, but the domestic data was simply too good and pushed the Aussie up, at least for now. AUD/USD rose from 1.0039 to 1.0113 and AUD/JPY climbed from 79.91 to 80.81 as of 15:26 GMT today.

Forex Morning Briefing : Greece and European issues still in focus; BoE to announce its monetary policy What’s new: Equity: Asian and US equities down on Greek political instability Spain: Government to nationalize Bankia Forex: AUD/USD pares yesterday’s losses on stronger unemployment rate Forex: EUR/USD breaks the 1.2950 support, investors remain bearish Rates in Asia and Indices: EUR/USD 1.2925 1.2964 0.21 % USD/CHF 0.9266 0.9293 0.21 % GBP/USD 1.6123 1.6151 0.05 % USD/JPY 79.61 79.77 -0.05 % EUR/CHF 1.2009 1.20131 -0.01 % EUR/JPY 102.91 103.36 -0.26 % Dow Jones 12748.48 12921.81 -0.75 % Nasdaq 2588.97 2635.71 -0.32 % S&P 500 1343.13 1363.73 -0.67 % Nikkei 225 8985.9 9075.63 - ...

The Australian dollar dropped today, trading near this year’s lows, as a government report showed that the nation’s trade balance deficit in March was bigger than estimated by specialists. Australia’s trade balance registered a deficit of A$1.587 billion in March, compared to experts’ forecast of A$1.380 billion. The February shortage was revised from A$0.480 billion to A$0.754 billion. The poor data made traders afraid that Australia’s economic growth is losing steam. The Aussie, together with other growth-related currencies, suffers from the ever-growing concern about the future of Europe. Greek parties were unable to reach agreement and for a new government after the weekend’s election. The political turmoil added to worries that the most-indebted country of the European Union may ...

Forex Morning Briefing : AUD consolidates lower, USD-bulls reentered post strong US data What’s new: Asia: Stocks in positive after upbeat Chinese data. Aussie sustains lower following the 50bp rate but by the RBA. JPY on the offer following pick-up in risk overnight Europe: Stocks fell, but the UK managed to stay on top. United States: ISM manufacturing better than expected. Focus on ADP today. Rates in Asia and Indices: EUR/USD 1.3208 1.3241 -0.15 % USD/CHF 0.9075 0.9098 -0.15 % GBP/USD 1.6217 1.6237 0.03 % USD/JPY 80.05 80.61 -0.34 % EUR/CHF 1.2015 1.20179 -0.00 % EUR/JPY 105.86 106.55 -0.17 % Dow Jones 13174.65 13338.66 0.49 % Nasdaq 2715.75 2756.81 0.11 % S&P ...

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 ...

www.sunbirdfx.com The US stock markets continued the bullish rally and the indices looks as if they are one the track back to the annual highs. The investors concentrated on the improving pending home sales data instead of the disappointing continuing jobless claims, as today the focus will be on the annualized GDP. AUD/USD The rising in Wall Street helped weakened the USD against most of the major currencies, although the weakening is not as sharp as the rising of the stocks. The Australian dollar managed to break-through the channel that it has been moving through for several weeks and this might be the opportunity for the AUD to start a strengthening session against the USD. The current resistance is around 1.04 and if the Aussie manages to cross the 50 EMA, it might continue rising ...

The euro received a boost following the most recent German Ifo Business Climate figure to close out last week's trading session. The better than expected news resulted in the EUR/USD shooting up close to 100 pips to finish out the day at 1.3219. Turning to this week, traders can expect market volatility as the US is scheduled to release a batch of potentially significant indicators, including Tuesday's CB Consumer Confidence figure and Wednesday's FOMC Economic Projections. Today, traders will want to pay attention to the German Flash Services and Flash Manufacturing PMI's. Better than expected results could help the euro extend its current trend. Economic News USD - Dollar Drops vs. Main Currency Rivals The dollar reported losses against virtually all of its main currency rivals on ...

www.sunbirdfx.com Wall Street made a strong trading day, as indices rose 1.6% on the background of good reports by IBM and Goldman Sachs. This sharp short-squeeze was expected after the mixed trend on Monday in which NASDAQ was the only index that traded on the red territory, and therefore the markets rose sharply when NASDAQ started climbing. AUD/USD As we keep mentioning almost every day, the results season makes the USD extremely volatile and it changes direction in short periods. The rising of the stocks weakened the American dollar against most of the major currencies, but as stated, this might change according to the stocks behavior. The pair AUD/USD reached the resistance of the uppers boundary of the channel, which we have been analyzing for several weeks. If the current pattern ...