Keep an eye on the USD.. In foreign currency markets people try to find a lead, something to indicate what may be coming up, from technical analysis to fundamental approaches; methods do vary in trying to decipher the FX markets. Read More…
Category : Currencies, EUR, Forex, Indicators, Opinion, USD
From the US the ADP Non-Farm Employment number did not give much joy, coming in at 170k versus expectations at 189k. The Manufacturing Purchasing Managers Index (PMI) showed continued expansion albeit below the expected figure. Read More…
Last week saw the Aussie strengthen against the US Dollar, a momentum that has been going on for some weeks now. Also, Bernanke’s promise to help with more money if needed gave us a push along. Against the US Dollar we have reached levels last seen in October. Read More…
Category : Forex, Indicators, Opinion
Yesterday saw the release of the Producer Price Index for Australia. It did not surprise, coming in very close to forecasts; the actual figure was 0.3%. Yet another possible reason for our Reserve Bank to cut rates again. In turn our currency remained unchanged at similar levels seen on Friday. Read More…
Category : AUD, Forex, Indicators, Opinion
Last week saw the Aussie remain relatively strong. It bounced around versus the US Dollar in a two cent range as positive sentiment helped markets; it closed just below the 1.05 mark on Friday. Read More…
Category : AUD, Currencies, Forex, Indicators, Opinion
