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.
According to the ADP survey, US private sector payrolls rose by 325,000 in December - well above expectations for a 178,000 increase and the biggest gain in the 11-year history of the survey.
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.
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.
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.
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.
Bell FX Currency Outlook: The Australian dollar continues to hold on to recent gains, trading around USD1.0350 this morning.
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.
Asian stocks opened higher yesterday with the ASX gaining 1.1% during its first day of trade for the New Year.
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.
The Aussie failed to recapture earlier losses on Thursday managing an intraday high of 1.0090 on growing concerns around the Euro zone.
The Aussie was sent sharply lower overnight thanks to the heavy selling in European markets and this has brought the pair back to support at 1.0050.
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
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
The Aussie has drifted sideways for most of the last several days in holiday-thinned trad
The Aussie remains bullish in the near term with the potential to push up to 1.0220. A break above this level sets up a move to 1.0320.
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.
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.
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.
The Australian Dollar swang between gains and losses yesterday in what can only be described as a choppy day of trading.
Bell FX Currency Outlook:
After a bullish run throughout yesterday's local session, the AUD has been sold off again overnight.
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.
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.
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.
The Australian Dollar traded lower for much of yesterday with the local share market losing 2.3 percent.
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.
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.
Bell FX Currency Outlook:The Australian Dollar has opened trading this morning just below parity, after an uneventful offshore session on Friday.
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.
The Aussie has failed to recapture much of its recent losses and opens on Friday at 0.9925 against its US counterpart.
