register nowRegister now
GBPUSD TECHS

Consolidating And Remains Vulnerable

EQUITIES

Stocks Spiral as S&P Chews Through Support

EURUSD TECHS

Bearish Focus

FED

Powell Defends Fed Policy Stance

Aud/Usd: European open $0.7802,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7802, range $0.7789-0.7823, NY open
$0.7820, range $0.7806-0.7825
*The quiet theme spilled over into Europe, Aud/Usd held $0.7798-0.7808 in early
dealings.
*Aud crosses started to pressure, soft gold prices added weight to $0.7789 but
lacked follow through
*As Eur/Usd started to break higher, aussie tracked the move back above $0.7800.
The break of $0.7810 (Dec28 high) extended to $0.7817
*As NY arrived pressure on the dollar continued its theme, this combined with
commodities demand. The pair grinded to fresh session highs of $0.7825.
*Aussie came under pressure via the crosses in particular aud/yen and
gbp/aud with the rate dropping to pullback lows of $0.7806.
*Aud/yen demand at the year end re-balancing  pushed aud/usd  from $0.7808
towards $0.7825, as the fix finished the rate pared gains dropping back towards
$0.7810.