Archive for aud/usd

Is the Japanese Quake Bullish or Bearish for the AUD?

Two competing factors has made assessing the impact of the Japanese earthquake on the Australian economy and the Australian dollar difficult. First, Japanese investors hold approximately $60 billion in Australian assets and own an additional $15 billion worth of Australian Uridashi bonds, which are denominated in Australian dollars but sold directly to Japanese investors. [...]

Charting the AUD/USD

Take a look at the Australian dollar chart below. Do you see the head and shoulders / triple top formation that I see? =)
The Australian employment numbers didnt make anyone happy. A deeper pullback is likely but I don’t except the AUD/USD to trade much lower than 99 cents. Remember the hawkish [...]

Charting AUD/NZD: Turn Achieved

Approximately 2.5 weeks ago, I posted a chart showing how a turn is in the making in AUD/NZD. At the time,the currency pair was trading at 1.3050. It dipped afterwards but has finally achieved the turn that I was looking for - which is a move to the opposite second standard deviation Bollinger [...]

AUD: Which Commodity is it Tracking?

The Australian dollar is on a tear this morning thanks to the upbeat tone of the Reserve Bank and their nonchalant comments about the floods. As a commodity currency, the Australian dollar has a very strong correlation with commodity prices. However contrary to popular beliefs, the Aussie’s correlation with gold prices have not been [...]

BNN Video: Outlook for EUR, AUD and CAD

I was on the Business News Network this morning talking about the euro, Australian dollar and Canadian dollar. Click on the image to access the video. Enjoy!

Charting AUD/NZD: A Turn in the Making?

Since the middle of December, AUD/NZD has fallen more than 5 percent. The weakness of the currency pair is more a function of the problems in Australia than the strength in New Zealand. The floods in Queensland sent the Aussie tumbling as investors grew concerned about the impact on the economy. However [...]

BNN Video: AUD, JPY and CAD Outlook

I was on the Business News Network this AM talking about the floods in Australia, Japan’s pledge to buy European bonds and the Canadian dollar. Enjoy! Click on the image to watch the video

How Election Outcomes Could Affect AUD and JPY

If you have read the international papers, you may know that there are two political developments that is worth paying attention to.
On August 21st, Australia held general elections for Prime Minister and if you recall, the votes were so tight that nearly 2 weeks later, there is still no clear winning. [...]

CNBC Interview: Outlook for Euro and Aussie

I was on CNBC today talking about my outlook for the euro and aussie. Here are 2 clips

AUD Reaction to New Prime Minister

It is exciting to be in Australia during such a monumental time when the country ushers in its first ever female Prime Minister. Haslinda from Bloomberg managed to wedge me in between Rudd’s resignation speech and Gillard’s acceptance speech - though I would have been happily bumped by such a significant event.
Click on [...]