The EURAUD and EURUSD outlook
ECB President Mario Draghi in his press conference today is expected to come up with a concrete bond purchase program, which shall help lower the borrowing costs for Spain and Italy. What needs to be...
View ArticleThe AUDUSD pullback post Friday rally ….
Last week was quite an eventful one, with important financial announcements/data releases which kept the market participants on their feet. We had four major banks that is, The RBA (Reserve Bank of...
View ArticleMarket Recap and the week to come ..
The Highlight of last week was the much anticipated FOMC meeting, where Fed Chairman Ben Bernanke was to update the markets about the prospects of another round of Quantative Easing. Markets prior to...
View ArticleNZDUSD outlook ..trading the GDP report
Just minutes away from the GDP figures to be released, the kiwi dollar is trading sluggishly close to the levels of 0.8260. Post its Friday gains, the pair has lost the earlier momentum which it...
View ArticleAUDUSD….what next for the pair after a dull week …
After a brief sell off following the strong US consumer confidence report at the start of the week, the Australian dollar or the Aussie as we know it was back down to the lows of 1.03270 yesterday....
View ArticleMinutes away from US NFP – USDJPY outlook
After trickling down to the lows of 77.45 by the end of last week, this week saw Japanese Yen lose out to its US counterpart, moving to the levels of 78.70. However with the BoJ( Bank of Japan) holding...
View ArticleRisk on – Risk off trading
The Australian dollar or the Aussie as we know it, finished the week dipping down to its early September low of 1.01553. The pair pared all of its gains of its rally from 1.01553 up to the highs of...
View ArticleMarkets on a Risk- On mode
The past few weeks witnessed decreasing uncertainty in the financial markets as was evident from the price moves in safe havens and risk currencies. Risk currencies like Aussie dollar (AUDUSD), kiwi...
View ArticleAUDUSD : RBA(Reserve Bank Of Australia) rate decision….
Just hours away from the RBA rate decision, the Aussie dollar has been trading sluggishly within a range, bounded by 1.0410 on the top and 1.03250 at the bottom. There hasn’t been a lot of movement in...
View ArticleAUDCAD – Technical view
The Aussie and the Loonie are the two latest additions to get the reserve currency status recommended by the IMF. So far The US dollar enjoyed the universal status of a reserve currency, closely...
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