FOREX

Daily Forex Forecast 01/11/2012

Following a relatively flat start to the day the Australian Dollar came to life in mid afternoon trade, as it was pushed higher by improved global risk sentiment as well as local building approvals which beat market expectations.

ForexCT Market Insight 01/10/2011

We saw the Aussie pullback overnight but the move lower fizzled out before getting back to major support at 1.0200. Traders will remain focused on the upside while 1.0200 holds. A break of 1.0400 is also obviously bullish.

Daily Forex Forecast 01/10/2012

Hopes that a November rate cut would spur Consumers into further spending measures were dashed yesterday when Retail Sales for the month came in well below expectation, showing a turnover of Zero Percent, well short of the forecasted figure of 0.6 percent.
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ForexCT Market Insight 01/06/2011

We saw the Aussie pullback overnight but the move lower fizzled out before getting back to major support at 1.0200. Traders will remain focused on the upside while 1.0200 holds. A break of 1.0400 is also obviously bullish.

Daily Forex Forecast 01/06/2012

Australia’s exports exceeded imports by A$1.38 billion in November, down from a revised A$1.42 billion surplus the previous month, the Bureau of Statistics said on Thursday.

Australian Dollar Outlook - 06 January 2012

Bell FX Currency Outlook: The Aussie Dollar unwound the last two days of gains, hitting a low of 1.0232 against the greenback overnight following falls in European markets and a mixed read on Wall Street.

ForexCT Market Insight 01/05/2011

The Aussie pulled back to 1.0300 before seeing a solid bounce and therefore there’s been no major change in the market’s view.

Daily Forex Forecast 01/05/2012

The Australian Dollar has decoupled from the Euro in the past 24 hours, holding its own above 1.0300 against the Greenback as the shared currency fell to support near 1.2900.

ForexCT Market Insight 01/04/2012

The Aussie has started the new year with a bang thanks to the improvement in risk appetite and strong gains in commodities. The next major level of resistance is at 1.0380/400 and a break of this level will be the next trigger for longs.

ForexCT Market Insight Report 12/30/2011

The Aussie bounced from support at 1.0050 yesterday and this now looks to define the trading range in the near term. A push up to 1.0200/20 is likely to see the sellers re-emerge.

Daily Forex Forecast 12/30/2011

The Aussie failed to recapture earlier losses on Thursday managing an intraday high of 1.0090 on growing concerns around the Euro zone.

Daily Forex Forecast 12/29/2011

Holiday-mode continued for the Aussie during Wednesday’s domestic session with the unit trading in a tight band between 1.0135 and 1.0168. Weaker local equities and disappointing economic data out of Japan did not help the Aussie’s cause

ForexCT Market Insight Report 12/28/2011

It’s been like the night before Christmas in financial markets over the last few days – with hardly a trader stirring – but the Aussie still looks slightly bullish

Daily Forex Forecast 12/27/2011

Following a slow start to the day in which the Australian Dollar traded to an intraday low of 1.0060 against its US Counterpart the Nations Currency recovered well as it entered the offshore session.

Australian Dollar Outlook - 23 December 2011

Bell FX Currency Outlook: Positive US data supported sentiment overnight with the Australian dollar opening this morning at USD1.0130 against the Greenback, up from USD1.0080 late yesterday.

ForexCT Market Insight Report 12/22/2011

The turnaround in the Aussie over the last 24 hours could result in some further follow through in the near term. A break above 1.0100 could see further buying.

ForexCT Market Insight 12/21/2011

The turnaround in the Aussie over the last 24 hours could result in some further follow through in the near term. A break above 1.0100 could see further buying.

Australian Dollar Outlook - 21 December 2011

Bell FX Currency Outlook: The Australian Dollar has rallied solidly overnight due to improved confidence in financial markets, brought about largely from solid economic data in Europe and the US, as well as a successful Spanish debt auction.

ForexCT Market Insight 12/20/2011

The Aussie continued lower on Monday and traders will now be looking for a break below 0.9860 as the next opportunity for new short positions. Today’s RBA minutes, at 0.9860, could be the trigger for such a move.

Australian Dollar Outlook - 12/20/2011

Bell FX Currency Outlook: The death of North Korea's leader, Kim Jong-II has brought further uncertainty to an already fragile market. As a result, the AUD and equity markets were lower across the board.

ForexCT Market Insight 12/19/2011

The Aussie pushed up toward 1.0030 on Friday before being sold lower and the fact we have been unable to hold above parity is likely to be seen as a bearish sign.

Daily Forex Forecast 12/19/2011

The Australian Dollar found some tentative ground above parity on Friday following a week in which the Nation’s Currency lost over 2 percent against its US Counterpart.

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