AUD/USD fell again on Wednesday as the commodity markets fell due to risk aversion. The European concerns continue to hurt the riskier assets, and the Aussie is suffering for it. However, the end of the session saw...
The AUD/USD pair attempted to rally on Tuesday, only to fail and fall further. The resulting candle from the session is a shooting star, and it is formed at the bottom of the down move we have...
The dollar rose on fears of aggravating the situation in Europe.
The AUD/USD pair fell hard on the Monday session as the “risk off” trade came into vogue. The Americans have been buying up the risk assets after the Asians and Europeans sell them off, but the Monday...
Market review for 7 – 11.05, 2012
The AUD/USD pair fell hard on Friday as the “risk off” attitude came back into the markets because of the continuing drama unfolding in the European Union. The Aussie is highly correlated to global growth, and there...
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
AUDUSD’s downward movement from 1.0474 extends to as low as 1.0018. Further fall could be expected next week, and next target would be at 0.9600-0.9700 area. Resistance is at 1.0150, as long as this level holds, the...
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
The AUD/USD pair has been struggling as of late, and the Thursday session looks as if it wasn’t any different. The 1.02 level was our line in the sand for buying, and this has given way in...
