AUD/NZD: the impressive rally can get to 1.0900 this week – Westpac

Analysts at Westpac's outlook for AUD/NZD and rates... Key Quotes: "AUD/NZD 1 day: The rally has accelerated but there’s potential to push on to the 1.0900 area during the week ahead, given the move has been fundamentally driven by iron ore and AU-NZ interest rates. That level i ...

NZ inflation stalled unexpectedly – UOB

Analysts at UOB explained that New Zealand’s inflation report stalled unexpectedly yesterday in the second quarter, in a sign that falling oil prices were hampering cost pressures throughout the economy.  Key Quotes: "CPI was zero in the second quarter, following a 1% increase i ...

Inflation dragon gone into hibernation? – ANZ

Analysts at ANZ noted that the inflation dragon seems to have gone into hibernation all around the world, with core and headline June UK CPI disappointing.  Key Quotes: "The BoE is likely to welcome the data after a minority of members sounded the warning alarm on inflationary pressure ...

AUD/USD: eyes on 0.8018 200 week MA

Currently, AUD/USD is trading at 0.7909, down -0.09% on the day, having posted a daily high at 0.7919 and low at 0.7909. AUD/USD has been continuing on the bid in a weak USD environment where the US dollar index was down 0.5% on the US shift. Iron ore prices were also supportive to the Aussi ...

USD/RUB bulls need to catch their breath

Quoting now back below its 50-period SMA on 4H charts, USD/RUB has steady unwound last week's gains.The downswing in the pair has brought RSI into a weak technical position below its 35% level. This is considered oversold territory in an otherwise bullish context.While still above its 200 SMA ...

Has the correction in USD/JPY run its course?

Although positively aligned, the 50- and the 200-period SMAs see the USD/JPY quoting between both averages on 4H charts.The shift from a steady rally to the unfolding of a corrective pattern has brought RSI below its 35% level, considered oversold territory in an otherwise bullish context.Whil ...

EUR/SEK undergoes corrective process

An upward and over extended market, set against the backdrop of a downtrend may swing the EUR/SEK buyer-seller pendulum back towards the bears again.EUR/SEK was in sell mode until a recent move changed the shape of the price structure. The 4hr RSI was on average printing below 50% over the las ...

USD/SEK hammered support

A hammer reversal pattern hints that bearish momentum may be slackening in USD/SEK.The pattern emerged on the daily chart where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving no ...

EUR/USD closed above major top

EUR/USD has closed above its previous 52-week high.EUR/USD has closed at it highest level in 52 weeks, having pierced the psychological barrier on an intraday basis.

AUD/USD closed above major top

AUD/USD has closed above its previous 52-week high.AUD/USD has closed at it highest level in 52 weeks, having pierced the psychological barrier on an intraday basis.

AUD/JPY pierces big level to upside

AUD/JPY posted an intraday 52-week high but failed to close higher.There is a new AUD/JPY 52-week high in place, but not on a daily close basis. Today's price movement punched a 52 week high but it came down, closing the day below.

NZD/USD eases towards mid-0.73s as traders in Asia hit their desks

After losing nearly 100 pips on disappointing CPI data from New Zealand on Monday, the NZD/USD pair pared all of its losses on Tuesday to hit its highest level since early February at 0.7372 and went into a consolidation phase. At the moment, the pair is trading calmly around mid-0.73s ...

Key US data reviewed and previewed – Nomura

Analysts at Nomura offered a review of the US data from overnight and a preview of the next upcoming key data. Key Quotes: Review "Import prices: Stabilization in core consumer goods (excluding fuels, food, and autos) import prices confirms our view that much of the weakness in CPI core good ...

MArket wrap: dollar drops to a 10-month low – Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: US interest rates fell amid news the US healthcare reform bill had failed, helping drag the US dollar to a 10-month low. The top performing currency was the AUD. Interest rates: US 10yr treasury yield ...