February 26, 2013
AUD falls on RBA’s Debelle comments
Guy Debelle, assistant Governor of the RBA, said in a speech this morning that there is scope for…
February 25, 2013
HSBC China manufacturing PMI falls to 50.4 from 52.3
AUD/USD has fallen 20 pips on the news but I don't expect any really big moves on the back of this.
February 25, 2013
AUD slips on risk-aversion as retail market opens
The AUD is being affected by some risk-aversion post UK downgrade and I suspect that the Japanese…
February 22, 2013
AUD: Professional analysts speculating that RBA rate-cutting is now over
Interesting how many analysts hang on every single word the RBA Governor says. The chatter now…
February 22, 2013
AUD/JPY: Seeing some quite heavy short-covering
It looks like the short-term market was quite short of this pair, which does surprise me somewhat,…
February 22, 2013
Not seeing too any obvious trades at the moment but Steven’s comments on Yen are interesting
The comments from the RBA Governor regarding the Australian economy were a bit mixed but the fact…
February 22, 2013
AUD dips again as Stevens changes tone
Its been quite an inconsistent speech from the RBA Governor, who sounded as if he was returning to…
February 22, 2013
Stevens: Only central banker who’s happy with currency level
Glenn Stevens has been surprisingly hawkish, saying that the FX level is appropriate and that there…
February 22, 2013
AUD rallies sharply on Stevens comments
Very sharp 50 pip pop in the AUD/USD as Glenn Stevens returns to his old ways of talking up the…
February 22, 2013
Equity markets are key to today’s FX movements
There were nasty falls on some equity markets yesterday and there is something about Friday's which…
February 21, 2013
Levels to watch during European trade
EUR/USDJPY crossesAUD,NZDGBP crosses
AUD/USD: 1.0200 is where barriers are reported and Sovereign-type bids are also expected. EUR/USD:…
February 21, 2013
GBP playing catch-up in the race to the bottom
EUR/USDEUR crossesAUD,NZDJPY crosses
The FOMC surprisingly took a breather from the currency race to the bottom and the GBP has now…
February 20, 2013
AUD/USD: No confirmation that stops are sitting above 1.0375
I presume that there are stops above technical resistance and recent highs at 1.0375 but I have no…
February 19, 2013
NZD rebounds after Fonterra disputes China milk rumours
Fonterra, the world's biggest exporter of dairy products, denied market rumours that some of its…
February 19, 2013
AUD/NZD: Rallying after Chinese milk ban
Reports that some brands of New Zealand milk have been banned in China are causing the NZD to drop…
February 19, 2013
AUD/USD: Modest sell orders near 1.0335 still good enough to cap
Not a lot of interest in the AUD today and a 30 pip range has kept prices corralled. Dealers report…
February 19, 2013
Modest volatility in JPY and AUD post CB minutes
Flows and OrdersUSD/JPYAUD,NZD
USD/JPY dipped on comments from the Japanese FinMin regarding foreign bond purchases more than as a…
February 19, 2013
Short-term technicals updated
Technical AnalysisAUD,NZDJPY crossesEUR/USDUSD/JPY
EUR/JPY; still in pennant formation. USD/JPY; possible topping formation. AUD/USD; starting to…