AUD/USD dragged back towards large optionality at .9400

  • The USD has made some decent gains across the board with profit-taking in GBP/USD and NZD/USD having a big influence;
  • The AUD was well supported by AUD/NZD buying and
By |July 25th, 2014 7:52am (Sydney Time)|AUD,NZD, fxww|2 Comments

NZD/USD: Still looking very soft, best wait with buy-dip strategy

Absolutely no respite for the NZD today and the bears have taken over control. NZD/USD is encountering waves of selling from multiple directions with long positions exiting en-masse.

I still […]

By |July 24th, 2014 5:08pm (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD/USD: Model funds triggering stops below .8590

Most of the action is still in the flightless bird with stops triggered below .8590 in NZD/USD and the AUD/NZD cross trading above 1.1000.

By |July 24th, 2014 3:11pm (Sydney Time)|AUD,NZD, Flows and Orders, fxww|0 Comments

AUD trying to edge higher after China flash PMI

The number was slightly above expectations and the market seems happy to try buying the AUD. AUD/NZD got a boost after the RBNZ this morning and there are big […]

By |July 24th, 2014 12:14pm (Sydney Time)|AUD,NZD, Flows and Orders, fxww|0 Comments

NZD: No sign of bounce despite decent trade data

The monthly trade data for June has just been released and it came in slightly better than expected. Despite this, the NZD hasn’t shown any propensity to bounce.

I’m still […]

By |July 24th, 2014 8:56am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD: Fundamentals slightly more bullish

  • Iron ore prices have been falling in recent months but export volumes have been increasing with BHP Billiton announcing new record levels of production;
  • Yesterday’s CPI data will keep the […]
By |July 24th, 2014 7:50am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD/USD: Looking for dip-buying opportunity, keep close eye on price action

  • My macro view remains the same that the commodity currencies will stay strong whilst the big 3 will remain weak as they continue with QE;
  • Interest rates in NZ remain […]
By |July 24th, 2014 7:32am (Sydney Time)|AUD,NZD, fxww|3 Comments

NZD falls heavily after RBNZ signals pause in tightening

I think many people can make a very solid argument that the RBNZ should not have tightened this time either, but after the strong tone from the last meeting […]

By |July 24th, 2014 7:18am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD: Likely to stay heavy on crosses as milk prices stay heavy

  • Industry research still suggests large inventories of milk powder in particular in China;
  • Geo-political tensions in Eastern Europe and the Middle East will keep risk-sentiment nervous;
  • The NZD is at close […]
By |July 21st, 2014 7:53am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD/JPY: Stay short for now, reverse on bigger dips

  • Very solid technical resistance now at 96.55;
  • Short-term market sentiment seems to have swung in JPY favour;
  • The RBA will continue to try and talk the AUD down;
  • USD/JPY is in sideways […]
By |July 17th, 2014 7:41am (Sydney Time)|AUD,NZD, fxww, JPY crosses, Trade Ideas|0 Comments

AUD/USD: Decent selling interest near .9400

It looks unlikely that this level will be tested today unless of course the Chinese GDP data surprises significantly to the topside.

Hourly support levels start around .9330. Pretty hard […]

By |July 16th, 2014 9:36am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD falls after CPI data

New Zealand Q2 CPI came in at +1.6% YoY, which is lower than market expectations at +1.8%. This may influence the interest rate debate over coming months but I’m […]

By |July 16th, 2014 8:52am (Sydney Time)|AUD,NZD, fxww|1 Comment

AUD: RBA meeting minutes main event on today’s agenda

Positional adjustment ahead of some risk events was the main story overnight with the EUR making gains on the crosses particularly against the GBP. Lack of momentum is still […]

By |July 15th, 2014 7:36am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD/JPY: Initial resistance at 95.15

Previously strong support levels at 95.15 broke yesterday afternoon and we are now sitting right on this level again. If the market is long and nervous, these resistance levels […]

By |July 11th, 2014 7:49am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD/NZD: Look for sell opportunities especially if .8850 breaks in NZD/USD

I know it’s silly to be talking about selling the AUD/NZD at these historically low levels but most indicators seem to be pointing lower.

  • NZ interest rates are headed higher […]
By |July 10th, 2014 11:40am (Sydney Time)|AUD,NZD, fxww|0 Comments

AUD: Australian unemployment rate 6.0%; economy added 15,900 jobs

Market had been expecting an addition of 12,000 jobs and a jobless rate of 5.9%

By |July 10th, 2014 11:30am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD/USD: Market focusing on .8842 highs

  • The post-float highs from a few years back at .8842 are coming clearly into sight and this will give the market something to aim at today.
  • AUD/NZD has decent chart […]
By |July 10th, 2014 7:58am (Sydney Time)|AUD,NZD, fxww|0 Comments

NZD/USD trading lower in early Asian trade

It looks like off-shore sellers, probably Japanese, are behind the fall in the NZD over the last hour or so. None of the local banks seem to know what’s […]

By |July 7th, 2014 10:50am (Sydney Time)|AUD,NZD, fxww|0 Comments