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AUD/USD | Daily Forex Trading Edge

AUD/USD

Non-US differentiate, new GBP high challenged

Wednesday, Dec 19, 2012

Market Review of Tuesday: last night, due to impact of a substantial reduction in the U.S. third quarter Current Account, U.S. stocks continue to rise. Dow Jones, Nasdaq and the S&P rose 0.87%, 1.47% and 1.16% respectively. European stock markets were also affected and soared due to previous optimism about financial cliff. Regarding commodities, gold and silver fell sharply; gold fell below 1695 with the low dropping to 1661. Crude oil remains strong. In the currency market, the market sentiment was high. But the commodity currencies and European currencies obviously showed differentiation.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

The financial cliff turned hostile again; look forward to a non-US uptrend

Tuesday, Dec 18, 2012

Market Review of Monday: European stock markets fell slightly, the three major U.S. stock indexes boosted by Obama's new fiscal cliff solutions, the sharp rise in the Dow Jones, Nasdaq and S&P rose 0.76%, 1.33% and 1.16% respectively. With respect to commodities, the trend of crude oil was impacted by the escalation of the situation in Syria; gold pulled back slightly upward; silver closed flat. For the foreign exchange market yesterday, the trend is slightly chaotic, with the risk currencies being collectively weaker. The Canadian dollar trend is still the weakest.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

USD Weakness, But Not Against the AUD

Thursday, Nov 29, 2012

Good Afternoon,

I told you so. We analyzed the V pattern and the fundamentals and all signs were a go in equities to move higher and for the most part the USD to weaken. But, it does take constant analysis to put on trades, manage the trades and exit trades when necessary.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

U.S. optimistic signal released; non-US revived

Thursday, Nov 29, 2012

Market Review yesterday: the United States once again released a signal of an easing fiscal cliff. Market risk aversion tried to disappear. In the stock market: the U.S. and European stock markets have recorded a rise, with the Dow, Nasdaq and S&P rising 0.83%, 0.82% and 0.79 respectively. Commodities: gold, silver, and crude oil went out of “first block then up” trend yesterday, but the earlier fall was too large, ultimately closing down. Gold plunged $30 due to a large-scale sell off; risk appetite in currency markets yesterday eased after the White House's remarks.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.

Market focused on the fiscal the cliff; risk emotion further suppressed

Tuesday, Nov 27, 2012

Market Review yesterday: the Greek bailout finally passed, disarming the market time bomb; delays in addressing the U.S. fiscal cliff caused the market to respond. The stock market: the European stock markets rose, the three major U.S. stock indexes fell. Commodities: suppressed by risk sentiment, gold and silver prices fell, crude oil also fell. Currencies: risk sentiment fell, dollar went stronger and non-US currencies fell, but the pound still stayed strong.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Europe is out of good news; best short opportunistic counterattack

Tuesday, Nov 27, 2012

Market Review yesterday: there were delayed publication of the results of the Greek bailout yesterday, leading to frustration in market confidence. The stock market: European shares fell and U.S. stocks were mixed. Commodities: gold consolidated, silver rose slightly, crude oil showed weakness. Currencies: yesterday, the straight currencies as a whole are in a shock/bounce state, European currencies were stronger and commodity currencies were more disadvantaged.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Waiting on the Eurogroup FinMins….

Monday, Nov 26, 2012

It’s seems no one can agree. Whether it be over forgiving Greek debt or the fiscal cliff, the market is waiting on pins and needles for progress. Today’s profit taking in the Dow (from last Friday 172 point rally) shows that traders haven’t given up hope but their optimism is not where is was on Friday (blame the l-tryptophan in the turkeys).

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.

Looking at the Individual Currencies and their “Stories”

Wednesday, Nov 21, 2012

The yen, loonie, and aussie are moving on their own individual stories and there are certainly times where even traders like myself who put more emphasis on price action and technicals must step back and look beyond the charts to the fundamentals that are driving the pairs.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

Forex Trading Ranges

Monday, Nov 19, 2012

Good Afternoon,

How about that for a trading range? What? Not happy? Oh, you must be in the forex markets! Hey, we have talked about this many times. There is an underlying bid to the equity markets due to central bank intervention and that keeps the VIX low and trading ranges down. For whatever reason, the equity and options markets have been way more "active" then the forex markets for the past 12-18 months. I am not sure why, but that is just the way it is.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Fed easing expectation still; downtrend pressure on US dollars

Thursday, Nov 15, 2012

Market Review yesterday: the Federal Reserve meeting on interest rates mentioned the easing policy again, but there were still differences. In the stock market: the three major U.S. stock markets again fell across the board, a record low in three months. Commodities: gold, silver and crude oil rose slightly. In currencies, the European currencies are relatively strong, but the pound fell, constrained by an inflation report, while the commodity currencies fell considerably.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com
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