Soft economic data dragged the AUD/USD pair below the 0.9400 area prior to the opening of today’s European session. Meanwhile, the GBP/USD pair is currently testing the 1.7050 area after a shaky Monday morning in Europe. Read more >>
The AUD/USD pair returned to the 0.9400 level today mainly due to the weakened greenback. Read more >>
The AUD/USD pair is heading towards a steady slide in today’s Asian session ahead of RBA Deputy Governor Philip Lowe’s speech, and a number of releases in the United States later today. Read more >>
China’s HSBC Manufacturing PMI in June came out better than expected, which helped boost the AUD/USD early in today’s trading. Read more >>
The EUR/USD is on recovery mode early in today’s Asian session, after it slipped yesterday on strong US economic data. Read more >>
The greenback slipped against several majors after the Federal Reserve revealed its decision to maintain its interest rate at 0.25 per cent, while at the same time cut its QE program by $10 billion. Read more >>
The market is currently on a look and see mode as it awaits the BoE and FOMC events that will happen later today. Read more >>
The AUD/USD pair is trading on a positive note in today’s Asian session on the back of positive data that came out of Australia and China. Read more >>
The aussie and the kiwi were winners in today’s Asian session. This is after a relatively quiet start of the week, with no significant events in coming up in the horizon. Read more >>
The AUD/USD and USD/JPY were winners in today’s Asian session, partly due to the weak greenback. Read more >>
The AUD/USD pair jumped up today after the release of Australia’s New Home Sales and Private Capital Expenditure Data. Read more >>
Positive economic data helped lift the USD/JPY pair to the 102.00 level in yesterday’s session, but held on to it only briefly. Read more >>
The AUD/USD pair had a fairly good performance during today’s Asian session as it finally showed signs of recovery. Read more >>
It’s been a choppy day for the EUR/USD pair even after the release of Germany’s Gross Domestic Product (GDP) figures. The pair has been trading in a tight range today within the 1.3642 and 1.3652 areas. Read more >>
The AUD/USD pair has received a much-needed respite today after the release of the Chinese HSBC Manufacturing PMI in May. Read more >>
The USD/JPY pair spiked briefly prior to the announcement of the Bank of Japan’s (BoJ) interest rate decision, which temporarily halted its downward slide that began yesterday. Read more >>
The AUD/USD pair is off to a rough Monday as traders to continue to struggle to break through the 0.9400 level over the past several days. Read more >>
It’s been a choppy Friday for the AUD/USD pair so far, as has been the trend over the past few days. Read more >>
The AUD/USD pair broke past the 0.9400 level yesterday, but failed to sustain it as the day progressed. Read more >>
Weak retail sales by the United States in April dragged down the greenback against the aussie in yesterday’s trading. Its effects continue to be felt in today’s Asian session. Read more >>
It’s been a bumpy Monday for the USD/JPY pair today as it attempted to return to the 102.00 area. Read more >>
The greenback is currently gaining strength, dragging down majors that are trading against it. Read more >>
The AUD/USD pair rose sharply in today’s Asian session with China’s better than expected trade data in April. Read more >>
The AUD/USD pair rallied today after the release of the Reserve Bank of Australia’s (RBA) monetary policy statement, which announced that it would maintain rates at 2.5 per cent. Read more >>
The growing tensions in Ukraine and China’s poor Manufacturing PMI led to a weaker USD/JPY pair in today’s Asian session. Read more >>
The EUR/USD pair broke past the 1.3850 again during today’s European session after the release of a number of CPI-related data in Europe. Read more >>
The AUD/USD pair regained its momentum in today’s Asian session ahead of the release of the Australian Consumer Price Index (CPI) data. Read more >>
After what seemed a very long weekend, major financial markets re-opened today, giving currencies plenty of chance for movement. Read more >>
The weak greenback is currently struggling against a number of major currencies in today’s trading. Read more >>
A number of key data from China helped lift the AUD/USD pair in today’s Asian trading. Read more >>
The AUD/USD pair began the week on a positive note, opening the Asian session at 0.9384. It then quickly tested the 0.9400 zone yet again, peaking at 0.9409. Read more >>
And just like that, the AUD/USD pair returned to the sub-0.9400 area. This happened as the market’s risk appetite waned in today’s Asian session. Read more >>
Australia’s positive employment data released earlier helped the AUD/USD pair break past the 0.9400 level today. Meanwhile, the GBP/USD traded within a tight range after the BoE announced no changes to the country’s interest rate. Read more >>
The USD/JPY pair is getting some respite so far today after yesterday’s massive sell-off. Meanwhile, the AUD/USD pair finally broke through the 0.9300 barrier late in yesterday’s Asian session. Read more >>
The USD/JPY pair continued to slide down in today’s Asian session ahead of the BoJ interest rate decision. Read more >>
The USD/JPY continued to slide in today’s Asian session ahead of a busy week for the pair. Meanwhile, the AUD/USD pair has once again knocked on the 0.93 area early in today’s Asian session. Read more >>
The euro fell on Thursday when European Central Bank (ECB) President Mario Draghi said that they are willing to use unconventional means in order to help raise the region’s inflation rate. Read more >>
Mixed data from Australia and China were enough to send the AUD/USD pair lower in today’s Asian session. Read more >>
There were no surprises earlier today when the Reserve Bank of Australia (RBA) announced that it would maintain cash rates at 2.5%. Read more >>
It’s been a quiet yet day so far today during the Asian session, which led to a weaker aussie and yen. Read more >>
The EUR/USD pair continued to slide in today’s trading after the release of poor PMI figures in the region. Read more >>
The focus in today’s Asian session will be on the speech to be given by Reserve Bank of Australia (RBA) Governor Glenn Stevens at 3:30 AM GMT. Read more >>
The AUD/USD pair went on a roll in today’s Asian session after stimulus talks began brewing in China. Read more >>
The AUD/USD pair dropped sharply early in today’s Asian session after the People’s Bank of China (PBOC) decided to revise its yuan reference rate yet again. Read more >>
Japan posted disappointing Trade Balance figures for February today, although it did little to affect the USD/JPY pair. Read more >>
Today’s Asian session has been good to the AUD/USD pair so far after the release of the minutes of the Reserve Bank of Australia’s (RBA) meeting. Read more >>
The EUR/USD opened today’s London session on a weak note, dropping under the 1.3885 area. Read more >>
The EUR/USD pair continued to struggle in today’s trading after European Central Bank (ECB) President Mario Draghi’s speech yesterday. Read more >>
The AUD/USD pair returned to the 0.9000 level today after Australia posted better-than-expected jobs data. Read more >>
The AUD/USD showed how vulnerable it remains to changes in China’s economy after a series of events in the Asian country yesterday and today. Read more >>
The National Australia Bank (NAB) released Australia’s Business Confidence and Conditions during today’s Asian session, which came out lower than previous figures. Read more >>
The AUD/USD pair opened this week on a weak note due to the combination of the strong USD and the weaker-than-expected Chinese data. Read more >>
And just like that, the AUD/USD pair returned to the 0.9000 zone. This came after Australia posted better-than-expected Retail Sales and Trade Balance figures for January. Read more >>
Today’s Asian session has been a good one for the aussie, as Australia and China released a series of positive data. Read more >>
Talk about the aussie’s ‘historically high’ value returned to the Reserve Bank of Australia’s (RBA) statement earlier today after not being mentioned for the past several months. Read more >>
Mixed data from China today dragged down the aussie at the opening of the Asian trading. Read more >>
Fed Chairperson Janet Yellen’s dovish testimony led to a weaker greenback late in yesterday’s session. She emphasised the need for the Fed’s constant monitoring of the economy in order for them to decide their next move with their QE tapering. Read more >>
The AUD/USD pair slid under the 0.9000 zone once again after Australia posted disappointing Private Capital Expenditure (Capex) data. Read more >>
The EUR/USD pair went off to a pretty rough start at the opening of the European session, despite the positive Gfk Consumer Confidence Survey for March. Read more >>
The GBP gained strength in today's European session at the back of positive mortgage approvals data, MPC member Ian McCafferty's statement on the United Kingdom's (UK) interest rate, and the CBI Distributive Trades Survey for February. Read more >>
Positive IFO data from Germany, and the European Union's (EU) Consumer Price Index (CPI) figures helped give the euro a boost in today's European session. Read more >>
The Nikkei's positive performance earlier today helped set the tone for the USD/JPY's direction at the moment. Despite that, however, the pair is struggling to breach past the 102.50 area. Read more >>
China's HSBC Manufacturing PMI came out lower than expected earlier today, which slowed down the aussie's good run over the past two weeks. Read more >>
A flurry of activity is expected as the day progresses due to the market's anticipation of the US FOMC minutes. The minutes, which will be released at 7:00PM GMT today, will be accompanied with a number of other US events. Read more >>
China is set to release its Consumer Price and Producer Price Indices in less than an hour. Analysts don't expect it to create much on an impact particularly on the aussie as inflation isn't much of a great concern in the country at the moment. Read more >>
The aussie took a bad hit in today's Asian session as Australia posted worse-than-expected jobs data. Read more >>
China beat expectations after it released its trade balance figures for January earlier in today's Asian trading. It came out at a whopping $31.86 billion, which was significantly higher than the expected $23.65 billion. Read more >>
It's 'risk on' mode in Europe today ahead of Fed Chairwoman Janet Yellen's speech later (3:00PM GMT). This helped lift the EUR/USD pair near the 1.3700 again, a level not seen since late January. Read more >>
It has been a quiet Asian session today, primarily due to the lack of major events throughout the day. In the case of the AUD/USD pair, it has been on a slow but steady decline after a late, albeit stellar, run on Friday last week. Read more >>
After a steady performance between the 0.8940-0.8980 areas yesterday, the AUD/USD pair took a surprise dive earlier today, with no apparent trigger for the move. Read more >>
The AUD/USD pair opened today's Asian session on a soft note, mostly due to profit-taking. Yesterday, the aussie rallied against the greenback after RBA Governor Glenn Stevens took a neutral stance on its interest rate, saying that it would maintain rates at 2.5%. Read more >>
The GBP/USD pair reached a daily high at the early part of today's European trading after the United Kingdom posted a better-than-expected PMI Construction figure for January. Read more >>
The European Union's better-than-expected Manufacturing PMI in January helped lift the euro against the greenback in today's European session. Read more >>
The AUD/USD pair is showing signs of recovery after being battered yesterday due to the weak Chinese Manufacturing PMI. Read more >>
The aussie's woes are far from over and continues to be sensitive against the Chinese economy, as the AUD/USD pair slid after the release of the softer-than-expected HSBC Manufacturing PMI from China. Read more >>
Turkey sent shockwaves around the world as it decided to raise its lending rates to 12%. The move was primarily aimed at reviving the value of the Turkish lira, which fell by as much as 5% in January. Read more >>
The AUD/USD is currently going through a period of correction after dropping under the 0.87 level. The pair has been on an upward trend since yesterday and has so far peaked at the 0.8760 area. Read more >>
The EUR/USD pair continued to move within a tight range just below the 1.37 area during today's session. However, there has been a sharp rise in the pair just before the opening of the European session, and is currently trading at 1.3695. Read more >>
Reserve Bank of Australia (RBA) board member Heather Ridout said earlier today that the aussie "hasn't fallen far enough." According to her, the fair value should be at USD0.80. Read more >>
The AUD/USD pair fell once again after China revealed a drop in its PMI in January. It came out at 49.6 this month versus 50.5 in December, and against analysts' expectations of a rise to 50.6. Read more >>
Better-than-expected Consumer Price Index (CPI) data from Australia helped lift the aussie against the greenback in today's Asian session. Read more >>
After taking a huge beating in last week's trading, the AUD/USD pair had slight gains during today's session. The recovery was fueled by Chinese data that were released earlier today. Read more >>
The aussie continued to plummet during yesterday's trading, but had a little break in today's Asian session. Yesterday, the AUD/USD pair sank to a low of 0.8776, although it has managed to return to the 0.88 zone. Read more >>
The aussie tumbled against the greenback in today's trading as Australia posted dismal employment data earlier today. Read more >>
A combination of a weak aussie and a greenback that's gaining momentum led a to a slide in the AUD/USD pair. The decline began around the middle of yesterday's session and has so far continued to this day. Read more >>
The AUD/USD pair closed on a strong note for the first time in a month during yesterday's session. The pair closed above the 0.9000 zone, a level not seen since mid-December 2013. Read more >>
The poor US Nonfarm Payrolls data rocked the market last week, which led to a weaker greenback across the board. The number came out at 74k, which was far lower than the projected 200k. Read more >>
ECB President Mario Draghi stated that the bank is prepared to make "further decisive action" if necessary after stating the it would maintain rates at 0.25%. Read more >>
The aussie took another nosedive against the greenback around the opening of today's Asian session. This came after disappointing Building Permits data for November. Read more >>
The AUD/USD pair closed yesterday's session weakly partially due to the strong greenback. Meanwhile, BoC Governor Poloz’ statement, coupled with a strong greenback drove the USD/CAD pair to levels not seen in more than three years. Read more >>
The combination of the beginning of the Fed's QE program and weak European data sent the EUR/USD pair tumbling down in yesterday's trading. Read more >>
Reserve Bank of Australia (RBA) Governor Glenn Stevens gave a speech earlier before the House of Representatives' Standing Committee on Economics. However, he said nothing that was already said over the previous weeks. Read more >>
Australia earlier released the Minutes of the Reserve Bank's Monetary Policy Meeting. It's no surprise that the members continue to see the aussie as overvalued. Read more >>
Today will be a busy day for the euro, as several events in the region are up today. France already released its PMI data earlier, with the Manufacturing PMI down from 48.4 to 47.1, while the Services PMI was down from 48.0 to 47.4. Read more >>
A combination of poor data from the EU, and mixed data from the US dragged down the EUR/USD on Thursday's session. Read more >>
Positive Australian jobs data were released today, but did little to help lift the AUD/USD pair. Read more >>
The US House of Representatives finally closed the deal on the country's budget after the Republicans and Democrats reached an agreement that is meant to reduce the US budget deficit without increasing taxes. Read more >>
The EUR/USD pair broke past the 1.3750 barrier early in today's Asian trading, which sent it to new highs not seen since late October this year. Read more >>
While the yen showed signs of strength during yesterday's trading, it weakened once again today after talks that Japan's Good would make moves to weaken the yen. Read more >>
A lower-than-expected Trade Balance data from Australia dragged the AUD/USD pair to session lows at the opening of today's trading session. Read more >>
The AUD/USD pair fell yet again despite performing positively yesterday after the RBA's interest rate statement. From trading around the 0.9035 zone yesterday, the pair fell sharply today due to disappointing Australian GDP for Q3. Read more >>
The USD/JPY pair continued to soar higher in today's trading after Japan released positive news. Its Monetary Base for November was at 52.5% over a 12-month period, higher than the projected 47.2%, and was also higher than the previous 45.8%. Read more >>
The aussie received a major lift from news in Australia and China to start off December on a positive note. Read more >>
In today's news, the USD/JPY broke past the 102.50, while the AUD/USD continued to drop. Read more >>
The market was caught by surprise today when Australia showed a better-than-expected capital expenditure (Capex) data. Read more >>
The EUR/USD finished yesterday's session strong, as it was able to peak at around the 1.3570-1.3575 area. However, the pair opened slightly lower in today's session around 1.3560. Read more >>
The release of the Bank of Japan's monthly policy meeting minutes helped stop the USD/JPY's slide that began yesterday. Read more >>
While the EUR/USD ended on a positive note last week, it began sliding once again after ECB governing council member Ardo Hanson talked about negative deposit rates. Read more >>
It's been a pretty bad week for the AUD/USD pair as it continued to slide today after RBA Governor Glen Stevens’ statement on the aussie. Read more >>
The EUR/USD pair hovered at around the 1.4000 zone in today's trading as the market awaits important PMI reports coming from Europe. Read more >>
The highlight of today's Asian trading is without a doubt Ben Bernanke's speech to the National Economists Club in New York. According to the Fed Chairman, they will continue to maintain "highly accommodative policies for as long as they are needed." Read more >>
The Reserve Bank of Australia (RBA) earlier released the minutes of its monetary policy meeting for November. As expected, it kept the same neutral tone it had in its past statements. Read more >>
The aussie suffered today after Australia posted huge losses in fulltime employment in October. Based on the data released, 28,000 fulltime workers lost their job during the period. Read more >>
Earlier today, the Governor of the RBA said in a statement that the cash rates would remain unchanged at 2.5%. However, the takeaway in the statement for most traders was the mention of the aussie being ‘still uncomfortably high’. Read more >>
The FOMC’s statement yesterday helped strengthen the greenback, which in turn prevented any significant effect on the currency’s performance in today’s trading. This is despite less-than-stellar US data that came out earlier. Read more >>
A number of important reports came out of Europe and the US today, but hardly made a dent on the performance of the EUR/USD pair. Read more >>
The EUR/USD pair sank in today's trading after a series of disappointing PMI data was released in Europe today. The Eurozone's Marikit Manufacturing PMI for October, for example, was at 51.3, slightly lower than the expected 51.4. Read more >>
The aussie rose against several currencies early in today’s Asian trading after the release of better-than-expected Australian consumer price index (CPI) data for the 3rd quarter. Read more >>
The main driver in today’s trading is likely to be the US Nonfarm Payrolls data for September. The release of the data was delayed due to the two-week impasse in the US government. Read more >>
The aussie made a massive rally against the greenback in yesterday's trading as the USD fell across the board. This helped the AUD/USD pair reach 4-month highs at the 0.9600 level. Read more >>
Leaders of the US Senate have finally agreed to raise the country's debt limit, ending a two-week impasse on the issue. The agreement would extend the US debt limit until 7 February 2014. Read more >>
The US Dollar Index (DXY) ended its healthy run during yesterday's US session. This was after the US government showed no signs of any end to its stalemate on the issue of health care. Read more >>
The release of the Reserve Bank of Australia's (RBA) minutes of its meeting on October 1 helped boost the aussie against the greenback early in today's Asian trading. Read more >>
The AUD/USD pair fared well so far despite the soft trade balance data from China which was released in the weekend. Read more >>
After dropping sharply on Wednesday, the GBP/USD pair received a slight boost late on Thursday's session. This was after the Bank of England announced no changes in its interest rates and its asset purchase program. Read more >>
Lower-than-expected employment change in Australia triggered a drop in the value of the AUD/USD pair. From the previous -10,200, it rose to 9,100. It was a good number but fell short of expectations at 15,000. Read more >>
The AUD/USD pair has been fairly erratic since yesterday after the release of the Westpac Consumer Confidence report for October. Read more >>
The yen lost some ground against the greenback during today's session. The USD/JPY pair initially fell sharply a little above the 96.60, before picking up again prior the opening of the European session. Read more >>
After the EUR/USD pair reached highs at the 1.3640 zone late in last week's trading, it eventually fell in the sub-1.3600 level and has struggled to regain last week's levels in today's trading. Read more >>
News from Westpac and RBS hint that Australia might soon follow New Zealand's lead and increase interest rates in the near future. Read more >>
The EUR/USD pair continued to rise in today's session, breaking past the 1.3610 level around the early part of the Asian session. Read more >>
Disappointing data from Australia sent the aussie plummeting against several currencies, including the greenback and euro. Read more >>
It's just the first day of October and a lot has happened already during the Asian session. The US has partially shutdown its government after failing to reach an agreement on the health care law proposed by US President Barack Obama. Read more >>
The yen rallied against the greenback in today's Asian session, which was in part helped by the weaker USD. This dragged the USD/JPY pair down from above the 98.00 zone to below 97.90. Read more >>
The greenback remained weak, but was able to drag down the aussie and the euro late in today's session. Check out the details in this post. Read more >>
The greenback gained strength earlier today after FOMC board member Esther George said that the fundamentals of the US economy has improved significantly. Read more >>
The EUR/USD pair has so far hovered between the 1.3510 and 1.3530 zones in today's trading due to the lack of significant data coming from Europe. Read more >>
The EUR/USD pair slipped below the 1.3500 over the past few hours and is expected to slip further in the short term due to positive sentiment on the USD. Read more >>
It has been a quiet session in Asia today due to the lack of significant data and reports. The only exception is the US consumer confidence data, which will come out later today (2:00 PM, GMT). Read more >>
The aussie rallied against the greenback today after the release of the HSBC Manufacturing PMI in China, which rose from the previous 50.9 to 51.2. Read more >>
The EUR/USD pair has remained flat at around the 1.3535 level in today's trading. This happened after the FOMC meeting on 18 Sept wherein no QE tapering announcement was made, which weakened the greenback. Read more >>
The dovish statement from the FOMC, which decided to maintain its QE programme, has weakened the greenback against the euro during yesterday’s session. Read more >>
The AUD/USD pair fell early in today's trading as the Reserve Bank of Australia (RBA) released the minutes of its meeting last 3 September. Read more >>
The EUR/USD pair received a major boost today after Larry Summers withdrew from the running for Fed chairman. This left Janet Yellen as the main contender for the position, which would replace outgoing Fed chairman Ben Bernanke. Read more >>
The EUR/USD and AUD/USD pairs continued their respective ascent in today's trading after China released a series of positive economic data. Meanwhile, a weaker yen led to a higher EUR/JPY pair. Read more >>
The greenback showed strength against other currencies just ahead of the Nonfarm Payrolls announcement later today (12:30PM GMT). Read more >>
The release of the Fed's Beige Book yesterday showed only moderate improvement in the country's economy in July and August, giving way to an uptrend in the EUR/USD pair. Read more >>
The AUD/USD and the AUD/JPY pairs continued to trade on the upside since yesterday's RBA announcement. Meanwhile, the GBP/JPY, the pair has remained largely flat throughout the week after rallying on Monday. Read more >>
Three pairs -- the AUD/USD, USD/JPY and GBP/USD -- all received boosts yesterday on positive data from China, a more hawkish Fed, and strong Marikit Manufacturing PMI from the UK, respectively. Check out the details here. Read more >>
The USD traded stronger against most major currencies yesterday due to the continuing uncertainty on the rumored US military action in Syria. Read more >>
The AUD/USD pair sunk below the 0.8960 after the release of disappointing construction data, while the USD/JPY remains low, and the EUR/USD has made a quick recovery after falling significantly yesterday. Read more >>
The greenback fell during the European session as the US released disappointing durable goods orders data. Read more >>
The USD/JPY continued its surge that began on Wednesday, while the AUD/USD remained flat today. Plus, how soon can we expect QE tapering to happen? Read more >>
As expected, the EUR/USD pair experienced a lot of volatility after the release of the FOMC minutes. Meanwhile, the AUD struggled against the USD and JPY despite positive Manufacturing PMI from China. Read more >>
Check out how the USD/JPY, AUD/NZD, and the AUD/USD performed so far in today's Asian session. Plus, find out what to expect during the release of the FOMC minutes later today. Read more >>
The AUD/USD and USD/JPY pairs made quick jumps, but both failed to maintain their respective highs. Find out why in this article. Read more >>
The AUD/USD, GBP/USD and EUR/USD pairs enjoyed a strong start in today's Asian session. Check out the details in this report. Read more >>
The EUR/USD has made a slight recovery today breaking beyond the 1.3310 level so far. This was after the pair dropped to this week's low at 1.3278 during yesterday's trading. Read more >>
The greenback suffered in today's trading after Atlanta Fed Bank President Dennis Lockhart said that the initial cut in its bond-buying program could happen at any of the three remaining policy meetings for the year. Read more >>
The greenback rallied early in today's session as traders expect positive NFP and unemployment data from the US. Read more >>
The AUD/USD pair continued its slide yesterday during the European session where it fell below the 0.9000 level. Meanwhile, the EUR/USD and USD/JPY pairs have remained flat so far this week. Read more >>
The aussie continued to slide in today's trading after RBA Governor Glenn Stevens said that a weaker AUD would be better for the Australian economy. Read more >>
The AUD/USD pair slid sharply below the 0.9200 level early in today's trading after Australia's building approvals data fell in June. Read more >>
The EUR/USD pair has shown an impressive run in this week's trading, peaking at just below the 1.3300 level late in yesterday's US trading. Analysts expect the pair to test the 1.34/1.35 levels soon. Read more >>
The AUD/USD continued yesterday's slide up to the start of today's Asian session, while the GBP/AUD pair has made considerable gains over the past 24 hours. Finally, the NZD/USD rose after the RBNZ statement. Read more >>
The aussie and the yen fell in today's trading after China announced weak PMI data. Read more >>
The EUR/USD, AUD/USD, and the GBP/USD have been on a good start today, while the USD/CAD has seen a steady drop in today's session. Read more >>
There were massive sell-offs in Nikkei futures today leading to weaker greenback and yen. Meanwhile, the RBA might cut rates further to 2% in the coming months, according to Westpac. Read more >>
Fed Chairman Bernanke's testimony yesterday didn't make a big impact as it only echoed previous statements from the Fed. Check out this article for details. Read more >>
The EUR/USD and AUD/USD slipped while the USD/JPY rose early in today's trading. Plus, traders anticipate Ben Bernanke's speech later today. Read more >>
The aussie has made a slight recovery against the greenback and the euro after the less-than-dovish minutes of the RBA meeting. The EUR/USD, meanwhile, remained flat in this week's trading. Read more >>
The AUD/USD fell in today's trading after disappointing data from the EU and China. Plus, updates on the EUR/USD and GBP/USD at the start of the European trading. Read more >>
See how the USD/JPY, AUD/USD, EUR/AUD, and the EUR/USD fared so far in today's trading. Read more >>
In its report released today, NAB said that the expected rate cut in Australia might come earlier due to the poor economic performance of the country. Read more >>
The EUR/USD and GBP/USD fell after yesterday's interest rate decisions from the ECB and BoE. Meanwhile, the AUD/USD recovered slightly after a sharp fall in yesterday's trading. Read more >>
The aussie slid against the greenback after today's interest rate decision from the RBA. Check out this report for more details. Read more >>
It's a fairly quiet trading day today, but traders await data from the UK and US. Read more >>
How did other currencies fare after the greenback's rally? Check out news on the EUR/USD, AUD/USD, USD/CHF, and USD/JPY pairs here. Read more >>
The USD rallied against several currencies after the Federal Reserve maintained its rates at 0.25%. Read more >>
Today's announcement from the BoE declared no change in the interest rate, and also decided to keep stimulus at £375 billion. Read more >>
The AUD fell against the USD in today's Asian trading after the release of the RBA's minutes. Plus, EUR news and Wednesday's FOMC meeting. Read more >>
After starting the week with a somewhat upbeat tone, the AUD fell sharply against the USD in today's trading. Read more >>
The USD continued to falter yesterday after the release of the US ISM Manufacturing PMI data. Read more >>
The aussie has recovered from yesterday's beating from the greenback, after positive news came out from Australia. Read more >>
The AUD continued to struggle against the USD in today's Asian session, while the EUR fell vs the greenback yesterday. Read more >>
The USD continues its surge early this week as it gained against the JPY, AUD, and EUR. Read more >>
The EUR/USD and AUD/USD continues its downtrend, while the USD/JPY undergoes volatility. Find out more here. Read more >>
Check out updates for the USD/JPY, EUR/USD, and the AUD/USD today. Read more >>
The EUR got a boost from yesterday's Industrial Production data from Germany, while the GBP sees volatility ahead of the BoE's interest rate decision. Plus, the AUD rose during today's Asian session. Read more >>
The Australian Dollar fell sharply today after the Reserve Bank of Australia (RBA) announced an interest rate cut of 25bps. Read more >>
Find out what fundamental analysis is and how it differs from technical analysis. Read more >>
While the foreign exchange market is open 24 hours every day, there tend to be peak activities during specific periods of time. These peaks are often experienced during major trading sessions all over the world. Read more >>
Check the latest updates on the following pairs: EUR/USD, USD/JPY, and AUD/USD. Read more >>
Today hasn't been a good day so far for the EUR, as it dipped against a number of major currencies. Read more >>
Official Chinese figures and data from HSBC showed a slight increase in the country's Manufacturing Purchasing Managers' Index (PMI) in March. Read more >>
The USD took a heavy beating this week after announcements from the Federal Reserve failed to encourage confidence in the still-struggling US economy. Read more >>
The Australian dollar continued its rise this week, particularly against the USD and the GBP. Read more >>
The euro returned to 1.3100 levels after ECB President Mario Draghi reported no change in interest rates at 0.75 per cent, a positive outlook later this year for the Eurozone. He said that while the short-term outlook for the region remained weak, a gradual recovery is seen for the second half of 2013. Meanwhile on the Australian front, the AUD/JPY cross pair neared the 98 mark, mainly due to the Yen’s poor performance as of late. Over the past 2 days, the Yen once again fell as the weakest currencies among the majors. Read more >>
The Australian Bureau of Statistics announced today that the country’s Gross Domestic Product (GDP) rose by 0.6 per cent in the last quarter of 2012 and 3.1 per cent on a year-on-year basis. The q/q figures released are in line with previous growth expectations against the upwardly revised +0.7 per cent in Q3 from +0.5 per cent. Meanwhile, the y/y figures were slightly above the previous 3 per cent expectation. Read more >>
Probably one of the most common terms you will encounter when it comes to fx, and one that you will often refer to, is the currency pair. Understanding how it works, thus, should be one of the first few things that you should do if you are new to investing in the foreign exchange market. In this article, we will introduce you to currency pairs, including how they work and what their significance is to the market. Ready? Let’s get started. Read more >>
Last week, Reserve Bank of Australia (RBA) Governor Glenn Stevens announced that despite the Australian Dollar being "somewhat overvalued", the RBA does not plan to intervene in the foreign exchange market. Stevens said that, "you need to be pretty confident that it is seriously over-valued, or the market is behaving in some quite irrational way, before you would launch large-scale intervention." But why exactly would the RBA want to intervene? We will discuss that in the following paragraphs. Read more >>
As promised in last week’s article in reference to macro factors such as the potential for correlation between a nation’s strengthening economy and a corresponding strengthening currency - this week we turn our attention to the positive news flow recently out of the USA and the corresponding strengthening USD. Read more >>
For two weeks in a row now the Australian Dollar (AUD) has failed to break through its resistance level of $1.08 with the USD. Read more >>
While the FX market takes a breather over the festive season, we thought it might be a good time to reflect on the year that was and what we might expect to see in 2012. Read more >>
It appears that the risks for the AUD are to the downside and commentators are tipping that the AUD will break below parity with the USD within days with one well known commentator suggesting a year end target for the AUD of USD$0.96. Read more >>
We closely follow the AUD/USD pairing here at FX Strategy as it embodies the risk on/risk off world that we currently live in. Australia’s economy is booming thanks to the mining sector and China’s never ending thirst for everything dug out of the ground. Read more >>
A historic day in Europe beckons today as it will decided whether the Greek Prime Minister, George Papandreou, will remain in office. Papandreou is facing a confidence vote over his handling of the bailout plan. Failure to endorse his position is in a sense opposition to Greece cooperating with the bailout plan, at least in the short-term. Read more >>
There have been lots of articles doing the rounds this week about Central Banks diversifying away for the US dollar. Read more >>
By: Friday Fundamentalist My inspiration for this week’s article is thanks to Jeremy Gratham’s April 2011 Letter which carried the title “Time to wake up: Days of abundant resources and falling prices are over forever.” Read more >>
You won’t find out by reading Berkshire Hathaway’s 2010 Annual Report that Bueffet made $100M from FX trading, however, if you happened to be lucky enough to attend the recent Warren Buffett talk fest in Omaha Nebraska Read more >>
When looking at a currency, it is a good idea to see who it performs overall. For example, if you are looking at the AUD/USD pair, it is a good idea to understand if the AUD is strong or weak. By looking at different currencies against the Aussie - you can get a good idea. Play video >>
AUD/USD fell for most of the session on Friday, but got a nice bounce from the lows. NZD/USD isn't in a triangle - but it has been bullish. The matching hammer at the top of the range for Friday looks very healthy. 0.80 is the mark we need to close over to get long. Play video >>
AUD/USD fell on Monday as the "risk off" trade came roaring back. The low volume did help keep the pair from falling too far though. There is the matter of that gap from a couple of weeks ago however... NZD/USD is the same situation as the AUD/USD, the fall was significant as the commodity markets fell. The Kiwi will be even more sensitive to low volume as it is a less liquid market. We still like selling. Play video >>
AUD/USD rose on Friday as traders bought the “risk on” trade. However, the parity level saw massive resistance. USD/CHF fell again on Friday, but the 0.93 level that was the site of a recent breakout is below and should be supportive. Because of this, we are looking for buying opportunities near that level. Play video >>
AUD/USD had a positive day on Friday, but it should be noted that it was also a bank holiday in America - where much of the gains came. . USD/CHF popped above the 0.9000 level a couple of days ago, and has now come back down to show it as support. Play video >>
EUR/USD formed a hammer by the end of the week, with many traders celebrating some of the successes coming out of the EU in reference to resolving the debt issues there. The pair does look to have a limited upside though. USD/CAD formed a shooting star for the week, but is sitting just above the parity level - an area that has been very supportive as of late. Again - limited moves more than likely, especially with oil getting so close to $100. AUD/USD looks very much like EUR/USD. Our prognosis? Choppy news driven trading for the week. Again. Play video >>
NZD/USD had a strange day on Tuesday. While the rest of the world partied and celebrated the resignation of the Italian PM, it couldn't break above the 0.80 level. AUD/USD formed another hammer on the daily chart for Tuesday, and the 1.03 level looks like it is going to be supportive. Play video >>
USD/CHF rose during the Friday session, but still faces the 0.9000 level as resistance. AUD/USD first fell on Friday, but the later day saw the formation of a hammer. Play video >>
USD/CAD found itself falling during the Thursday session as the "risk on" trade was on again. AUD/USD had a bullish day as traders celebrated the latest good fortune out of the EU. Play video >>
The AUD/USD pair skyrocketed on Thursday, but found the Friday session a little slower. This makes sense as it certainly needs to rest after smashing through the 1.05 level. NZD/USD had a similar move, as it usually does. The 0.80 level gave way, and Friday saw a quiet session. Play video >>
AUD/USD rose straight up for the Thursday session as the EU bailout details were cheered on by the markets. The USD/CHF pair fell as well, and this shows how bad the USD is right now. The Swiss National Bank is working against the Franc at the moment. Play video >>
EUR/USD had a bullish week as the trading world sold off the USD in favor of the common currency. The weekend has yet another EU summit, and it appears that traders are trying to get into the market ahead of that. In other words - gambling. The 1.40 area looks very resistive, so we are not convinced as of yet. The AUD/USD pair looks very similar to the EUR/USD and the "risk on" play seems to be in order. However, just like the EUR/USD, there is a massive resistance area just above in the form of the 1.03 to 1.05 area. The USD/CAD pair looks set to retest the parity level again, and the weekly candle looks very bearish. However, the oil markets look set to pullback, and this could make this pair bounce in this vicinity. Play video >>
NZD/USD produced the third doji in a row on Thursday, just below the 0.8000 level. With the EU's meetings over the weekend, the trading world is waiting to see the outcome of these important summits. However, the fact that the Kiwi can't retake the 0.8000 level could show the path of least resistance is down. AUD/USD is a similar chart, with the range being between 1.01 and 1.03 or so. The pair is a "risk on" trade from the long side, and with the recent headlines, it isn't hard to see why it has been "stuck". Both of these pairs look ready to move, but probably won't until Monday morning. Play video >>
AUD/USD had a whippy day during the Tuesday session as China reported lower than expected GDP numbers, sending the pair down - The NZD/USD sits just below the 0.8000 level and formed a long-legged doji as well. Play video >>
AUD/USD rose like a rocket during the Friday session, clearly showing that it wants to run to the upside now. NZD/USD is a similar story, but has even broke the 0.8000 level. This area was big resistance, but only the start of it. Play video >>
AUD/USD had a fairly benign day as it sits just below the parity level. GBP/USD fell from the top of it's recent consolidation area. The 1.57 level continues to act as resistance, and with the Bank of England going into QE mode again, this pair should continue to act weak. Play video >>
NZD/USD rose again on Wednesday, but has formed a second shooting star in a row. This is a very bearish sign, but there is a ton of support just under this level. Because of this, we are not wanting to sell this pair, but rather wait for the pullback to go long. AUD/USD has formed a second doji, and appears that it is struggling with the 1.07 - 1.08 resistance area. Because of this, we may see a pullback. As long as we don't break below the 1.05 level, we fell this could be a buying opportunity. Play video >>
The AUD/USD pair has finally broken above the 1.06 level on Monday, an area that we have mentioned as the top of the resistance level that has kept this market down. The AUD/USD pair looks like it is ready to continue its massive bull market. The pair looks like it might find resistance at the 1.08 level, as well as the 1.10 area. The AUD/NZD has broken back through the 1.25 level, rose, and then has fallen back down to the level again. The resulting hammer on Monday looks very promising for the market, and we believe a break of the Monday highs gets the market running back to the upside. Play video >>
The EUR/USD chart shows us that the 1.45 area is being tested yet again, this massive resistance area simply must give way for this pair to continue northward. We believe that the pair is trying to tell us this will happen. The AUD/USD pair looks very similar at the moment, but the 1.06 area needs to be broken. With a shooting star about to give way - this pair looks very bullish. However, 1.06 is still there.... The USD/CAD pair is still stuck, but we show you what levels need to be broken, and they aren't even Forex rates! Play video >>
AUD/USD rose, and then fell on Thursday as traders simply cannot hold above the all-important 1.05 level. The Jackson Hole announcement later today will decide if there is any potential QE3 coming out of the USA, and if so - commodities will skyrocket. Under that scenario, the AUD/USD should have no problem rising above the 1.05 area. If not, this pair could continue to look weak, perhaps even retesting the 1.01 area for support. The NZD/USD pair is in a similar boat, being another commodity currency. The candle shape suggests that weakness could be ahead, but the wildcard is the speech. The hint of QE3 will more than likely make this currency pair a favorite for FX traders to the long side. If not - then we could drift lower, perhaps even testing 0.8000 as support. If that gives way - look out below! Play video >>
The AUD/NZD pair has retraced the down move that happened when we broke the 1.25 support level. Because of this, we are becoming more and more convinced that the pair is trying to continue the uptrend at this point. The 1.27 is the next level of resistance, and is just above. If we clear that on a daily basis - this pair goes higher. The AUD/USD has bounced over the 1.05 level. This level was considered to be a massive resistance area, but has given way on the Wednesday session. This pair looks like it wants to climb to the next resistance area, 1.0750. Play video >>
The AUD/USD fell on Tuesday, only to bounce back up and form a hammer. Now we have to ask questions of the 1.05 area - and we could see those questions get answered on Wednesday. The closing of the daily candle above 1.05 would be very bullish as it confirms the hammer being a buy signal. However, if we break the lows of the hammer - it becomes a "hanging man" - a very bearish sign. The AUD/NZD is currently testing the 1.25 to 1.27 resistance area, but looks like it isn't ready to break above. The 1.27 giving way would have this pair skyrocketing yet again. The pair looks like it will give us a signal soon, as the area is the right spot for it. If we get a bearish candle will follow through in this area, we are net sellers for the long-term. If we get a break of 1.27 - we will buy. Play video >>
The AUD/CAD pair has recently bounced from a hammer on Tuesday as it runs higher. We feel that this could be the start of something special, and especially so if we can close above 1.03 on a daily candle. We certainly are not interested in selling at this area anymore, as the support is so evident. The AUD/USD pair finds itself in a consolidation area between 1.01 and 1.04. The pair will have to contend with the 1.05 area as well to the upside, and parity to the down side. Because of this, we feel this market will be choppy and sloppy as range bound trading could continue. We become larger buyers above the 1.05 mark. Play video >>
The GBP/USD pair fell on Wednesday as it finally broke through the bottom of the recent consolidation area between 1.62 and 1.65 or so. The pair will also find support at the 1.60 area, so we are expecting choppy but negative motion in the near term. With the UK riots going on, and the issues in Europe - one has to feel that a lot of money could be flowing into the US soon. The AUD/USD pair has fallen again on Wednesday, but remains in a new consolidation area between 1.01 and 1.04. The pair seems to have a ton of support at the parity to 1.02 level, and should continue to receive a bid at these levels. However, with the recent massive down move, we could see a bit of a rest over the next few days in this pair. Play video >>
The AUD/USD has fallen yet again on Monday as the world's market react to the debt issues in the United States and Europe. The pair is falling hard, and has even managed to fall into the 1.01-1.02 support zone. If this area doesn't hold up as support, we are more than likely going to fall to 0.95 or so. After that - much, much farther. AUD/CAD is a battle between two commodity currencies. The oil markets are falling, yet the CAD is still gaining against the Aussie. The parity level is within our sites, and the area should end up being some kind of support. If not - this pair falls hard. The Tuesday session could be crucial in determining the future direction for the Aussie. We don't recommend trading the AUD until AFTER this session completes as we can look at what has happened, and perhaps get a clue on the next several months in Oz. Play video >>
AUD/NZD has been falling precipitously for some time, but has found 1.25 to be a point of consolidation. The pair is presently testing the bottom of that area, and could begin to fall again. These pairs tend to move in unison, but the Chinese are buying Kiwi bonds at the moment, and this gives the Kiwi a bit more support in general. The AUD/USD pair is sitting at the absolute bottom of the recent consolidation and trading zone. The pair looks like it is trying to give us a clear signal - either go long at the top of the Friday range, or sell at the bottom. Play video >>
The AUD/JPY pair skyrocketed on Thursday as the Bank of Japan intervened in the Forex markets by selling Yen. However, within 18 hours - the markets melted down around the world, and the markets bought the Yen hand over fist. Because of this, we ended up with a shooting star. The hammer that was formed on Wednesday shows the next massive support level. If we can break below the hammer - we are sellers. The AUD/USD pair is currently testing the 1.04-1.05 support level after a brutal sell off on Thursday. With this move, we are looking to sell if we can get to 1.0375 or so - aiming for the 1.02 support level. If not, we could always see a supportive candle in this area, but large negative days like we have seen this week almost never happen in a vacuum. Play video >>
The AUD/USD pair fell again on Wednesday, but managed to bounce from the lows to form a hammer on the daily chart. Add the fact that the pair did this at the 1.0750 support area, this looks as if the pair is going find buyers in the near term. The pair could make a run towards 1.10 on a break of the Wednesday highs. The AUD/NZD pair is forming the same type of candle on the daily chart as well, but just under a resistance line. Because of this, the AUD looks stronger - but we don't like taking this trade unless we get a daily close above the 1.25 handle. If we break below the 1.23 area - this will be a very bearish sign. Play video >>
AUD/CHF is a great barometer of global risk. It is because of this that the move lower and under 0.85 isn't surprising. More importantly, the pair has now broken massive support. We like selling, but are waiting to see a bounce to sell as selling at this point is certainly chasing the trade. AUD/USD fell on Tuesday as well, and has gone through the 1.07 level, a massive support area. Although the area looks supportive, it should be noted that the daily candle is closing right at the lows - never a good sign. We are waiting to see if there is any signs of support between 1.0750 and 1.08. Play video >>
The AUD/USD had a weak day on Thursday as traders are starting to sell the "risk on" trade in reaction to the various debt issues that continue to haunt the markets. The Aussie is most certainly a strong currency, so we are looking at this as an opportunity to perhaps buy the Aussie at a discount as the 1.09 and certainly the 1.08 levels should be supportive. The AUD/SGD pair has recently broken out of a downward channel, and did so in dramatic fashion as the channel gave way to a massive move a few days ago. As the AUD/USD falls, so should the AUD/SGD. This is because the SGD has historically been pegged to the USD. If it does, look for the previous downtrend line in the channel to perhaps act as support. Play video >>
The AUD/USD pair has printed yet another hammer at the 1.05 area, but is currently stuck in a descending triangle of sorts. Because of this, we have two very distinct signals that are possible from here. The AUD/NZD continues to grind in a 400 pip range, and is currently approaching the "buy area". Play video >>
The AUD/USD is starting to form a fairly bearish pattern, but is still sitting above the current massive support at 1.05 or so...The AUD/CAD looks weak Play video >>