Posts Tagged with ‘Australian dollar’

Forex Trading Highlights February 13th 2012

Todays market news is dominated by the austerity measures approved late last night in Greece. Following the vote widspread demonstrations degenerated in the worst violence seen in the country since the economy began to wobble in 2010. In tradint his morning the EUR rose slighlty against the USD and the JYN. In early Forex trading this morning the EUR/USD currency pair rose from 1.3248 to 1.3262 and the EUR/JPY pair increased from from 102.82 to 103.07 In other markets, both the AUD and the NZD enjoyed small gains a... ( read more )

Fear in Europe and Dollar Continues to Slide

By Brian Tieling on February 2, 2012 -

In Europe, yesterdays trading saw the EUR move strengthen against the dollar. The EUR moved up 0.1% to $1.3176 More positive news came out of Europe regarding the eagerly awaited Greek debt reconstruction agreement. Latest briefs claim the much delayed deal is close to being finalized. However fears of constant repeats of broken promises and continued procrastination prevented more significant market movements. Traders around the globe are eager this morning to see how debt sales in France and Spain will react and ho... ( read more )

Week End Forex Market Review

By Brian Tieling on January 19, 2012 -

NZD The New Zealand Dollar has edged higher against the Euro since yesterdays market activity. The feeling accross the world markets moved positive when the IMF attempted to increase its lending capacity. On top of this, improved US statstics and some additional progress with the Greek economy, including discussions regarding the dent write-down plans. AUD Improving consumer sentiment pushed the AUD slightly upwards with so me trading support over the course of the market day yesterday. The AUD managed to improve on ... ( read more )

2012 Preview – Examining the Major Issues

By Forextvblog on January 2, 2012 -

CAD - Loose BoC Monetary Policy to Weigh on CAD A worsening global economic background does not bode well for the CAD. Economists have begun to downgrade their 2012 Canadian outlook and GDP forecasts as the gloom from Europe spills over into Canada. This hints that the BoC will loosen monetary policy in Q2 as events outside of Canada begin to influence the local macroeconomic outlook. Continued declines in commodity prices may also have a negative effect on the CAD. Since its peak in April the Thomson Reuters/Jefferies CRB Commodity ... ( read more )

December 28, 2011 - The AUD/USD Consolidates

By Forextvblog on

AUD/USD The AUDUSD has once again returned to test the key price range of 1.02-1.04, pulling back from the recent slide down to .9900. The 50 and 200 EMA curves have converged and are moving sideways, indicating the market is largely trendless. A break below the recent .9900 swing low could indicate a resumption in the downtrend, while a break through 1.04 would mark an attempt to move higher. USD/CAD A large consolidation triangle is forming in the USDCAD, as the price range between peaks and valleys grows increasingly narrow. P... ( read more )

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