Lawrence Villamar

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.

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 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.

European shares were mixed on Monday. Despite no further downgrade of sovereign credit ratings, investors remained cautious.

The Australian Dollar traded lower for much of yesterday with the local share market losing 2.3 percent.

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.

U.S. stocks ended the week with a whimper Friday as continued jitters surrounding Europe's debt crisis weighed on investor sentiment. T

US consumer prices rose were flat in November after a 0.1pct drop in October. Consumer prices were up 3.4pct in the 12-months to November. Excluding food and energy consumer prices was up just 0.2pct in November.

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.

The Aussie gave traders another chance to get short overnight up near 1.0050 and this will be the strategy going forward. A move back towards 0.9980 sets up the next opportunity with potential to head back to 0.9700.

The Australian Dollar established a new monthly low during Asian trade yesterday, falling along with faltering risk sentiment to levels near 1.0030.

US import prices rose 0.7pct in November after sliding by 0.5pct in October. The gains marked the largest increase in seven months and was driven by a surge in the cost of petroleum. Imports prices are up 9.9pct in the 12 months to November.

As per yesterday’s report, the move up to 1.0150 provided a beautiful opportunity for new shorts, with the Aussie diving all the way back to parity.

US advance retail sales rose by a less than expected 0.2pct in November, after an upwardly revised 0.6pct gain in October. In the 12 months to November sales were up a healthy 6.7pct.

U.S. stocks erased earlier gains Tuesday after Federal Reserve officials took no immediate actions to bolster the economy but left their policy options open for 2012.

The Australian Dollar established a new monthly low during Asian trade yesterday, falling along with faltering risk sentiment to levels near 1.0030.

A wild ride for the AUDUSD on Friday night as fresh selling out of Europe seemed to push the AUD through critical support of 1.0070as concerns about the outcome of the European summit emerged.

Ratings agency Moody’s warned investors that it would review ratings for European sovereigns given the absence of any “decisive policy measures” at last week’s Brussels summit.

A negative reaction to last week's European sovereign-debt summit by credit-ratings firms sent U.S. stocks sharply lower Monday, erasing all of the stock-market gains that followed the summit Friday.

After starting the week above 1.0200 erosion of investor confidence has caused the Australian Dollar to pare gains made last Friday, as markets re-evaluate the outcome of the recent EU summit.

A wild ride for the AUDUSD on Friday night as fresh selling out of Europe seemed to push the AUD through critical support of 1.0070as concerns about the outcome of the European summit emerged.

Movements in the Australian Dollar continue to be influenced by developments out of Europe.

The Aussie has been sent lower on the overnight bout of risk aversion and is now back at the bottom of the range. Traders will be looking for longs while 1.0150 holds.

Australia's unemployment rate increased for the second month in a row, it was reported yesterday, edging up another 0.1% to 5.3%

Silver is stuck below 33.00 in the near term and the market will be waiting for a break above 33.00 as the major short-term trigger for longs. More aggressive traders could be looking for longs while we remain above 32.30 in expectation of a move to 33.00.

he Australian Dollar climbed another rung on the ladder yesterday, finding support in local growth figures despite a currency market that is on hold ahead of key meetings in Europe today and tomorrow.

The Aussie saw a short-term move lower on the back of yesterday’s rate cut but we saw the Aussie well supported on any dip and this causes us to be more bullish. Traders will be looking for an intra-day pullback to 1.0230 or waiting for a break above 1.0335.