Posts Tagged ‘Aussie’
The Australian dollar (AUD) is probably the best proxy for risk appetite in the forex market as it is one of the most heavily carry-traded pairs because of the high interest rate in Australia. One of the other reasons is because the Aussie dollar is also a de-facto proxy of Chinese growth as China is [...]
The Aussie (AUD) has moved back to 3-week highs vs. USD as risk appetite has increased to start 2012. Recent economic data has been positive for the global economy and this bodes well for the Aussie as the likelihood of carry trades picks up.
Looking at the chart below, 1.0330 had served as short-term resistance and [...]
The greatest challenge to any thinker is stating the problem in a way that will allow a solution. ~ Bertrand Russell Good morning. Dollar pulled back yesterday as risk pairs rallied following stocks, hence my plans to look for selling opportunities on more AUD weakness are on-hold. Holidays are approaching, so it’s probably best to take [...]
It was just a matter of time before the decent global economic data outweighed the risk emanating from the Euro debt crisis and today is that day. The release of the minutes from the RBA rate policy meeting showed that the Central bank sees global growth in its trading partners despite the threat to stability [...]
The Australian dollar is considered one of the “riskiest” currencies out there as its place on the risk ladder is undeniable despite the fact that the Australian economy is pretty strong and rich with natural resources. The reason it is considered “risky” is because it is one of the most popular curencies for carry trades [...]
Tomorrow is the rate policy meeting decision Down Under and market expectations are for a possible 25 bp rate reduction. However, inflation metrics have been moving higher and the Australian economy has been chugging along despite the problems in the Euro zone that could lead to a global recession.
Looking at the chart below, the Aussie [...]
By MoneyMorning.com.au
Ratings agency, Standard & Poor’s this week downgraded the big four Aussie banks.
How did the markets react? Was there massive selling? More ‘short sells’ than normal?
No. By lunch time yesterday, all four big banks were higher.
It was as if traders shook off S&P’s bank ratings cut. And saw it as a reason to [...]
The Australian dollar “Aussie” has moved back to parity with USD in a sign of things to come. The markets have been on edge for some time due to the Euro debt crisis but are looking for a “Santa Claus” rally into the close of the year. With the EU Finance Minister meeting taking place [...]
“Never stand begging for that which you have the power to earn.” ~ Miguel de Cervantes Good morning. The dollar is pulling back as risk trade returns – both AUDUSD and AUDJPY recovering some of last week’s losses. The euro is following but the gains remain modest so far. Here’s a bunch of charts to start [...]
There is no greater proxy for risk in the forex market than the Australian dollar (AUD) as the interest offered in Australia and its liquidity make it desirable for carry trades. Recent selling in the Aussie vs. USD has pushed it lower to just above parity with USD as the risk emanating from the Euro [...]
