Lawrence Villamar

As we have seen with many other markets overnight, the Aussie is trapped in a consolidation phase at lower levels and traders will be looking for a continuation of the recent down move. A etracement to 0.9900, or a break below 0.9810, will be the next opportunity for shorts.

In Australia, construction work done is released. In the US, durable goods orders and personal income/spending data are released.

As European woes continue to shroud the markets and US Budget cut concerns resurface the Australian Dollar had little support into the start of Asian hours yesterday

The Aussie dollar broke below 0.9975 yesterday and this resulted in a sharp move lower. Traders will be looking for a retracement towards 0.9880 for new intra-day shorts while a break below 0.9810 will trigger further selling.

The Australian Dollar continued its recent decline against its US Counterpart yesterday, dropping to its lowest level in six weeks.

Australian children suffering from systemic Juvenile Idiopathic Arthritis (sJIA) now have access to Actemra, a biologic treatment recently approved by the Therapeutic Goods Administration.

The Aussie dollar pushed higher on Friday before being swiftly sent lower at resistance around 1.0100. For this week, the major support is still seen at 0.9975, and a break of this level is likely to see further selling.

After dipping below parity late last week for the first time in over a month, the Aussie re-captured some of those losses during Friday trade and begins the new week at 0.9980.

The AUDUSD fell below parity overnight as European bond markets endured another difficult session.A breach of important support at 0.9975 could open up the possibility of a move to 0.9550 support.

The Australian Dollar traded lower for the majority of yesterday reaching its lowest level in more than a month versus its US Counterpart.

It will be a fun date night with a spectacular view of the Leonid meteor shower, grazing the night skies starting Thursday night.

The Australian Dollar has opened under pressure this morning as markets react to yet another headline.

The Aussie dollar continues to look bearish with traders looking for new positions on a break below 1.0110. This sets up a move back to major support at 1.0060.

Speculation of a further RBA rate cut lessened yesterday as the central bank’s minutes from the previous monetary policy meeting acknowledged only ‘moderate easing’ was required in current domestic and global conditions.

Rumours of another potential cut in interest rates by the Reserve Bank of Australia on December 6 sent the Aussie in only one direction from yesterday’s opening levels, and that was down.

s Europe takes a few small steps in the right direction the Australian Dollar manages to use the resultant risk rally to recover from monthly lows near 1.0100, touching levels of 1.0290 before close of markets.

Australian employers added 10 100 workers for a second month in October as the official unemployment rate dropped from 5.3 percent down to 5.2 percent.

The Aussie has been sent sharply lower as the market sells out of risk instruments and we can now see the AUD/USD trapped below 1.0200. A retracement back to 1.0200 provides the best selling opportunity. Alternatively traders will be looking to sell breaks to new lows.

The Australian Dollar opens a staggering two and half cents lower against its US Counterpart this morning following an evening of across the board selling.

In what was a mixed bag of local data released yesterday Australia’s Trade Surplus narrowed more than economists forecast for the month of September with exports exceeding imports by 2.56 billion, whilst a private report showed business confidence strengthened to a five month high in October

Scientists have found that a brain parasite called Toxoplasma gondii can aid in the production of one of the most important hormones in the body, dopamine.

Scientists have been successful in trying to invigorate cells from donors aged 100 and up which is now a major breakthrough in the efforts of the scientific community to fight the signs of aging.

Researchers from the United States have shown that light may be a promising treatment for curing cancer.

As per yesterday, the Aussie continues to remain under pressure with major resistance seen at 1.0450. Traders will be looking to sell up at 1.0450 until we see a clear break above that level. Support is seen at 1.0280 and then 1.0200.

Researchers have found a mechanism for the common yeast and computers to create a “feedback loop” in order to control genes by activating and deactivating them.

New figures have been revealed to the public by the Australian Institute of Health and Welfare and Cancer Australia showing that for over two decades, lung cancer incidences have rapidly increased in Australia, with women contracting the disease more often than men.

Proposals of the European Union regarding aviation, climate aid, and the history of carbon dioxide emissions are going to be the hot topics that are set to create a big divide during the UN Climate Summit to be held in Durban, South Africa beginning on 28 November this year.

The Australian Dollar trended lower against its US Counterpart yesterday following a private report which showed job notices in Australia fell in October, for a fourth straight month by 0.7 percent.

The EU plan has potentially stamped a bottom on risk assets and traders will be focused only the long side for the moment. Any pullbacks are likely to be bought with 1.0620 to 1.6405 seen as the potential support zone.