Posts Tagged ‘Japanese Yen’
Wednesday, September 8th, 2010
New York 9-8-10
The Aud-Usd moved sharply higher following the release of Austrailian employment data.Australia’s dollar rose to a four- month high against the greenback after a report showed employers added more jobs than expected and the jobless rate fell.
Australia’s currency gained against all of its 16 major counterparts on speculation the data will increase pressure on the central bank to resume raising interest rates. New Zealand’s dollar was near a four-week high against the U.S. currency as Asian stocks gained, boosting demand for higher-yielding assets.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, Cad, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, Global, Japanese Yen, Market Depth, minimum account, moving average, oversold, Precious metals, R1, RBA, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Tuesday, August 24th, 2010
New York 8-24-10
The Greenback is just pulling back after rallying sharply against the Majors in London overnight,pushing the Euro down to late June lows of 1.2587
Currently (14:30 GMT) we are witnessing a sharp retracement rally in the Euro. If the Eur-Usd can close in NY above the 1.2685 level we will have put in a near term low. As I have stated previously the FX markets are really based on a risk on risk off scenario and in many cases ignoring true fundemental factors.
David A. Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, Euro, Fed, Federal Reserve Bank, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, minimum account, moving average, oversold, pivot numbers, Precious metals, R1, R2, R3, RBA, technical, Tim Geithner, traders, USD
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Friday, August 20th, 2010
New York 8-20-10
The euro fell to the lowest level in five weeks against the dollar after council member Axel Weber said the region’s economy may need help from the central bank through the end of the year.
The shared currency dropped to the least since July 1 versus the Swiss franc after Weber told Bloomberg Television the ECB should assist banks to prevent year-end liquidity tensions. The yen headed for a weekly gain versus 15 of its 16 major counterparts on signs the global economic recovery is slowing, boosting demand for the currency as a refuge.
“They’re interpreting the comments as suggesting there is more ambiguity about how the ECB will respond down the road,” said Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. in New York. “They’re nervous that the pragmatism may disappear down the road and that is generating that move in the euro.”
The euro fell 1.1 percent to $1.2683 as of 10:36 a.m. in New York, after touching $1.2673, the weakest since July 13. Japan’s currency was at 108.71 per euro from 109.49 in New York yesterday, after reaching 108.26, the strongest since July 1. The euro traded at 1.3171 francs from 1.3233 francs yesterday, after touching 1.3140 francs. The yen fell 0.3 percent to 85.68 per dollar.
Bloomberg By Catarina Saraiva and Bo Nielsen
Tags: 50MA, Add new tag, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Japanese Yen, Precious metals, R1, R3, RBA, Tim Geithner, traders, USD
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, August 11th, 2010
New York 8-11-10
The Aud-Usd gave most of it’s ground in Asia and In Europe as Capital markets full digested the FOMC actions or inactions, causing falling equities markets worldwide.
We are back into the risk off mode with todays start of Ramadan and the European holiday season in full swing contributing to thinner liquidity. We feel the move to the downside in the Majors against the greenback is starting to take shape.The Aud-Usd may trade down as far as .8781 in the next few sessions to test a shorter term fibo(23.6%) level off of the recent rally. Since we are still convinced that the Aussie is the place to be we feel dips to these levels make excellent buy areas in anticpation of a test of the .9500 area in the next few months.
David Moore
Tags: Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, Crude Oil, David Moore, ECB, eur, Fed, Fomc, Foreign Currency Trading, G-5 currencies, Global, Gold, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pandemic, pivot, pivot numbers, RBA, Silver, support, Swine Flu, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, Uncategorized | No Comments »
Monday, August 9th, 2010
New York 8-9-10
The Aud-Usd fell back from London session highs as we get closer to the FOMC rate decision due out Tuesday which for most will likely be a non event.
“There is a strong chance that FOMC officials are fretful over delivering a shot to the foot by announcing new measures now,” he said. “To do so would capitulate along with other gloomy forecasters expecting the economy to fall off a cliff.”
Data on Friday showed that overall U.S. non-farm payrolls fell 131,000 in July, while private employment, a better gauge of labor market health, rose a modest 71,000, below forecasts for a gain of 90,000.
By contrast, data on Monday suggested the euro zone was in better shape. Euro zone investor morale surged while German exports rose more than forecast.
Baron Forex
David A Moore
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, David Moore, ECB, economy, eur, Euro, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, moving average, pivot numbers, Precious metals, support, swiss, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | 1 Comment »
Tuesday, August 3rd, 2010
New York 8-3-10
The Aud-Usd continued higher in quiet dealings during the N.Y session,the Aud-Usd is finding tough resistance as we test higher levels and lighter summer time volumes. Do not make a case for a momentum play through the .9380 level. As we stated previously I expect the Aussie to stall at higher levels and pull back before making any sustained attempt at breaking through the .9500 level.
David A. Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Cad, ECB, economy, eur, Euro, Fed, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pivot numbers, pivot points, Precious metals, R1, R2, R3, resistance, support, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500 | No Comments »
Monday, July 26th, 2010
New York 7-26-10
Last week we told you to expect the Aud-Usd to trade thru the .9000 level within ten days. Now the question remains can the Aud-Usd break the .9387/9405 area which has been a very formidable resistance area. Well right now I would say this feat is not likely to occur until after August. I do expect the Aud-Usd to remain in a range between .8800 and .9200 for the next six to eight weeks. While the markets digest the phenomenal reversal and rally of the last six weeks in the Aud-Usd.
David A. Moore
Baron Forex
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, institutional, Japanese Yen, Market Depth, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, support, swiss, technical, traders
Posted in Uncategorized | No Comments »
Tuesday, July 20th, 2010
New York 7-20-10
Aud-Usd ran higher even as dismal earnings reports where shrugged off by equities traders,that had pushed the S&P 500 down by as much as 15.00 points just after the opening. The Capital markets still seem to be embracing risk despite bad economic news in the U.S..The Aud-Usd has been moving steadily in the direction of major resistance at the .8885 area, a breach of this area will set the Aud-Usd for a test of the .9000 level within the next ten days.
David A Moore
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Global, Japanese Yen, Market Depth, Mexico City, moving average, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, Swine Flu, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, July 14th, 2010
New York 7-14-10
Is the Aussie reborn again returning as the belle of the risk ball. We have seen the AUD-USD break through resistance after resistance level. Today we have seen the Aussie break through solid resistance at the .8815 level. Even the drop in U.S. Retail Sales failed to discourage Aussie bulls taking the Aussie/USD up to the .8869 level before profit taking trimmed the gains.
Australian consumer confidence surged in July by the most in 13 months, reversing the previous three months of declines, after the central bank kept borrowing costs unchanged and global financial markets stabilized.
Yesterdays report adds to signs households are weathering the most aggressive round of interest rate increases by a Group of 20 member as the nation’s economy benefits from China’s demand for raw materials. The survey was conducted the same week that Governor Glenn Stevens kept the benchmark lending rate unchanged on July 6 for a second month, and a report showed Australian job growth capped the best quarter in almost four years in June.
“The solid base for consumer sentiment is coming from an upbeat view on the economy,” said Bill Evans, chief economist at Westpac Bank in Sydney. “We saw a comparable surge in confidence in 2009 when households realized that Australia had avoided recession.”
While the question remains can the Aud-Usd break higher past the old .9387 of 4-2010 relies on the global risk trade and the countinued economic growth worldwide.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Ben Bernanke, BP, bullish, David Moore, ECB, economy, eur, Financial, Fomc, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pivot numbers, pivot points, Precious metals, R1, R2, R3, RBA, resistance, support, swiss, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, July 7th, 2010
New York 7-7-10
The Aud-Usd is near the days highs today in NY dealings as traders are starting to shrug off negative news and focus on renewed raw materials demand. We have seen a very strong rally going into the NY session open and the Aud/Usd is currently trading above the .8569 38% fibo. We see resistance at the .8589 level a stong break above .8615 will set the Aud-Usd for a test of solid resistance at .8727 the 50% fibo off of the 4-11-10 high of .9387.
David A Moore
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, David Moore, ECB, economy, eur, Euro, Foreign Currency Trading, forex pick, G-5 currencies, Global, Gold, Gold Coins, institutional, Japanese Yen, Market Depth, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, Precious metals, R1, R2, R3, RBA, resistance, Silver, support, swiss, technical, Tim Geithner
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »