AUD/CHF – Double Bottom Completed
Bearish trend: The daily AUD/CHF chart shows a market that has turned from trading sideways to bearish.The moving averages are starting to be in bearish alignment. However, the 200-day SMA is still relatively flat. Basically, the market is bearis
Yen Strengthens After BoJ Minutes
Public investment has continued to increase, and housing investment has generally been picking up." At the meeting, the BoJ kept the nation's benchmark interest unchanged at 0 to 0.10 percent. It also agreed to conduct money market operations so that ...
Bank Of Japan Minutes On Tap For Friday
It also agreed to conduct money market operations so that the monetary base will increase at an annual pace of about JPY 60-70 trillion. New Zealand will see May figures for non-resident bond holding, food prices and the Business NZ Performance of ...
AUD roars as stocks recover
In New Zealand PMI and Food Price Index are released before inflation and employment data for the Eurozone as a whole. PPI is due out in the States and then industrial production and capacity utilisation. So an interesting slide into home plate for the ...
Abe's killer third arrow is lacking the carry
The radical and risky program was designed to try to end the quarter of a century of economic winter in Japan by stimulating inflation and growth. A key to ... The story was very similar, albeit slightly more pronounced, against the Australian dollar ...
NZ$/US$ sharply higher
Overnight, US retail sales and new jobless claims both came in better than anticipated. US equity markets & oil prices surged higher, and the NZD followed suit. The NZDUSD broke above 0.8100 in thin, volatile trading this morning. This high level of ...
Nikkei Index falls 6.35% as market questions BoJ's commitment to further stimulus
However, it shows within the Bank's framework, if the NZD does not rebound aggressively, it may have some leeway to respond to other pressures in the economy that may represent inflation risk further down the track. For now, the RBNZ has left its ...
Canadian Dollar Rises to Four-Week High on Growth Optimism
There's been marginal out-performance for the Canadian dollar on the back of strength in Australia, as well as safe-haven flows, said Jack Spitz, managing director of foreign exchange at National Bank of Canada, by phone from Toronto. There's an ...
AUD/USD: Australia's Employment Rises Unexpectedly In May, W
For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 0.9470.LME Copper prices rose 0.7% or $50.0/MT to $7086.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1843.0/MT.
Elliott Wave Forecast: AUD/USD – Exit short entered at 0.949
Despite yesterday's fall to 0.9325, the subsequent strong rebound suggest a temporary low is possibly formed (tentatively the wave iii) and near term upside risk is seen for test of resistance at 0.9575 (last Friday's high) but break there is nee
Aussie Gets Boost from Consumer Sentiment
Aussie is getting a bit of a boost today, thanks to improvement in consumer sentiment. Australian dollar is gaining against the US dollar as questions about what’s next for the US dollar continue, and as the situation shows improvement Down Under
AUDUSD follows through on yesterday's hammer, but still.....
We have now arrived at the first resistance point around 0.9540 being the top Bollinger Band on the 4 hour charts, the 61.8% Fibonacci retracement from 0.9673 to 0.9324 and the 61.8% Fibonacci projection from 0.9324 up to 0.9495 and back down to


