Forex Market Insight 06/23/2011
The Aussie moved right back to the top of the trading range at 1.0640 overnight before the sellers came back into the market sending the pair back to support at 1.0500. From here, traders will be looking to ride the move back to 1.0640, with the expectation that the trading range will remain in place until we see a clear break in either direction.
Global Markets Overview 06/23/2011
U.S. stocks snapped a four-day winning streak, stumbling in late trading after the Federal Reserve issued a cautious economic outlook just days before it ends its asset-buying program.
Australian Stock Market Report - Midday 22 June 2011
The Australian sharemarket is gaining for the second straight day with the All Ordinaries index (XAO) up 0.7 pct or 33.5 pts to 4598.7. Almost all sectors are higher however mining stocks are the best improvers at lunch.
Forex Market Insight 06/22/2011
The Aussie remains trapped in the range with even yesterday’s dovish RBA minutes proving little impetus for the market to
break out of its trading bracket.
Australian Dollar Outlook 22 June 2011
The Australian Dollar has opened around the USD1.0600 level this morning as stock markets and base metals rallied overnight on the back of a positive result in the Greek parliament.
Global Markets Overview 06/22/2011
U.S. stocks closed sharply higher Tuesday, notching a fourth-straight day of gains, as investors bet Greece will take the appropriate actions toward averting a sovereign debt default.
Australian Stock Market Report - Midday 21 June 2011
The Australian sharemarket is making up for yesterday’s pullback and the All Ordinaries index (XAO) is 0.8 pct or 36.3 pts stronger to 4548.8. Almost all sectors are higher with the mining and energy players amongst the most significant improvers at lunch.
Forex Market Insight 06/21/2011
Still no clear change in market sentiment towards the Aussie, with the pair respecting the range with support at 1.0480/500 and resistance at 1.0640.
Global Markets Overview 06/21/2011
A pledge by European leaders to head off a Greek debt default helped push U.S. stocks higher Monday, easing the market's recent sovereign-debt jitters.
Australian Stock Market Report - Midday 20 June 2011
Despite a positive start, Australian stocks closed at a near 10 month low today as markets around the Asian region tumbled after European governments failed to agree on a new bailout package for Greece.
Forex Market Insight 20 June 2011
There’s been no real change on the Aussie, with the local currency pushing back up to resistance on Friday and it now looks ready to head back to the lower end of the range
Global Markets Overview 06/20/2011
U.S. stocks closed higher Friday, snapping a six-week losing streak, as hopes intensified for a resolution to the Greek debt crisis.
Australian Dollar Outlook 06/20/2011
The Australian Dollar has opened this morning at USD1.0600 after the dramas surrounding the Greek sovereign debt crisis eased over the weekend.
Forex Market Insight 17 June 2011
The AUD continues to trade in rangebound fashion with the RBA’s belligerent posturing earlier in the week providing some support despite the selldown in equity markets.
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Australian Dollar Outlook 06/17/2011
The AUD is slightly stronger today, recovering some of its overnight losses as the market waits for further developments on the Greece debt crisis.
Forex Market Insight 06/16/2011
The AUD popped higher after the RBA governor said yesterday that monetary policy needed to be tightened.
Forex Market Insight 06/15/2011
The AUD/USD is currently consolidating in an ever-broadening range and this is usually seen as a sign of market indecision.
FOREX-Swiss franc shines; China data in focus
The safe-haven Swiss franc held near a record high against the euro in Asia on Tuesday, benefiting from the ongoing European debt crisis, while the greenback stayed under pressure as other currencies like the Australian dollar squeezed higher
Forex Market Insight 14 June 2011
AUD traded higher overnight to retest 1.0630/40 resistance area on back of short cross covering.
Global Markets Overview 06/14/2011
Buyout activity helped U.S. blue chip stocks eke out a slim gain Monday, though the economic worries that have driven six straight weeks of losses kept traders cautious and weighed on the technology sector.
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Australian Stock Market Report - Morning 06/10/2011
US claims for unemployment insurance (jobless claims) rose by 1,000 to 427,000 in the latest week.
Global Markets Overview 06/10/2011
U.S. stocks surged higher Thursday as investors looked to break a six-session losing streak with a relief rally.
Daily Forex Forecast 06/10/2011
The Australian Dollar lost almost a cent yesterday as a shock reading in the unemployment data saw the AUD sold heavily during the local session.
Forex Market Insight 06/10/2011
The AUD lost ground after yesterday’s employment numbers came in well below expectations. However, after an initial reaction lower, the AUD found support at 1.0560. For now, while 1.0560 holds, the market will stay cautiously bullish, but a break below support at 1.0560/600 will be bearish.
Forex Market Insight 06/09/2011
The AUD has found support back at 1.0600 and the market believes the most likely move in the near term will be a retracement back up to the top of the trading range at 1.0760. That said, today’s employment numbers, due at 11.30am AEDT, could be a game changer. A number below 20k could see the AUD’s outlook shift to bearish.
Forex Market Insight 06/08/2011
The AUD/USD fell about 60 pips following the RBA’s decision to keep rates on hold but bounced back after Bernanke’s statement caused the USD to weaken. Traders are eyeing the 1.0780 level of resistance, while a break below 1.0660 could set up a move to 1.0600.
Global Markets Overview 06/08/2011
A gloomy economic assessment from Federal Reserve Chairman Ben Bernanke erased an earlier rally in U.S. stocks, sending major indexes in the final minutes of Tuesday's session to their fifth-consecutive drop.
Forex Market Insight 06/07/2011
No real change for the AUD/USD with the pair remaining trapped in the trading range, with support seen at 1.0600 and resistance at 1.0780
