AUDUSD

13:27 INDIA’S FINANCE MINISTER SAYS MORE STEPS IF NECESSARY WILL BE TAKEN TO CURB Gold IMPORTS 05:19 AUD/USD SHORT-COVERING HELPS TO PROVIDE SUPPORT DESPITE 1% FALL IN Gold, TESTS HOURLY RESISTANCE AT 0.9770/75 WITH BREAK TARGETING 0.9810/30 00:00

[...] first brought up this weekend by Japan Economy Minister Amari saying that the Yen has corrected its strength has weighted on the Yen.  Arguments focusing on the US easing program continue to make the rounds through different Federal Reserve Presidents. AUD/USD remians under pressure as China shows softer economic data – on the technical side, the picture for the AUD/USD is grim. The prospect for tapering the US bond purchase program sooner rather than later will have to be adjusted if [...]

Capital markets complacency dominated the week, with riskier assets continuing to grind higher. On Friday the Nikkei continued its climb, notching up another 3% climb. Commodity prices were under pressure for most of the week as the dollar made headwinds for tangible assets. Data released in the US at the end of the week, was somewhat counter to the solid numbers seen at the beginning of the month. The dollar lost some ground on Thursday as worse than expected data in [...]

[...]  Momentum continues to move higher with the MACD moving from negative to positive territory generating a buy signal.   Aussie Declines on Weak Data On the heels of this week’s interest rate cut by the Reserve Bank of Australia, the AUD/USD sliced through support near 1.015 and is poised to test the .97 level.  Momentum continues to move toward negative price action as the MACD prints near the lowest levels seen since mid-April. Next week the Markets will be watching: [...]

Analysis: AUD/USD review From SocGen Asset Research: -AUD/USD 1.0232-1.0276 overnight range. Hit by weaker Q1 CPI data but off the 1.0232 lows led by AUD/JPY flows. A tightening in the AU/US 2y swaps below 250bp will keep upside capped for spot. Metals [...]

11:07 AUD/USD SEES MORE DOWNSIDE RISK AHEAD DESPITE CORRECTIONS, FURTHER AUSSIE WEAKNESS IS ON THE CARDS DESPITE INTRADAY BOUNCE, Gold & OTHER COMMONDITIES EXPECTED TO CONTINUE TO WEIGH 10:04 SPOT Gold XAU= RISES ALMOST 2 percent TO USD1,431.50/OZ 01:11 U.S. Gold FUTURES [...]

[...] VOLATILITY AND FURTHER UNWINDING OF LONG POSITIONS IN RISKIER ASSETS AND CURRENCIES, WHICH WILL BENEFIT MORE LIQUID CURRENCIES LIKE THE YEN AND THE DOLLAR 07:31 LOWER Gold AND Oil PRICES ADDS TO INR POSITIVES AS INFLATION WILL EASE FURTHER 05:29 AUD/USD SETTLES IN QUIET RANGE AS Gold RECOVERS EARLY LOSS, BREAK ABOVE 1.0350 TARGETS 1.0400/05 WHERE BETTER SELLING INTEREST IS EYED, FIBO SUPPORT AT 1.0290/95 KEY AFTER BOUNCE FROM THAT LEVEL 04:32 AUD/JPY- Gold REMAINS UNDER PRESSURE – NIKKEI EDGING [...]