Forex Trading News
FX Trading News & Strategies from Australian Stock Report
AUD USD FX Trading News: February 22
Risk appetites waned overnight despite the Greek debt deal finally getting over the line. It seemed to be another case of ‘buy the rumour, sell the fact’, with traders booking profits after the recent run up in risk assets. The Aussie dollar was not spared, slipping against both the greenback and the yen. [...]
Currency Trading Commentary: Feb 21 AUD JPY Pairs
The bias for the AUDJPY is bullish despite the pullback over the last 24-hours. The shorter-term EMAs remain crossed higher and diverging, and the price action is above the longer-term EMA filter, which is positive. The next significant target above is noted at 90.00, which is the high from last April. Nearer [...]
Currency Trading Commentary: February 20
The Aussie dollar put in a mixed performance on Friday night, losing ground against the greenback but advancing strongly against the yen. The local unit rallied 1.2% against its Japanese counterpart to settle at 85.20 at Saturday morning’s NY close but slipped 0.3% against the US dollar to finish at 1.0717. During today’s Asian session [...]
USDJPY FX Trading News: February 16
The move above the 78.20-40 resistance region should have bullish implications for the USDJPY over the next few weeks. The next horizontal technical levels are noted at 79.50 initially, followed by 80.30, and these naturally become the target regions. Below the current market price, support is noted at 78.00 initially. The price action should not [...]
Forex Trading News; February 15
The Aussie dollar put in a mixed performance overnight, losing ground against the greenback but gaining against the yen amid mixed equity markets. The local unit shed 0.4% against the greenback to settle at 1.0700 at this morning’s NY close and advanced 0.7% against the yen to settle at 83.83. Today the Aussie has firmed [...]
