Tag Archives: AUD

Lighthouse Securities Morning Market Wrap – Markets Breaking higher

July 2, 2012

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Cross Posted with MacroBusiness The European deal announced late in our trading day Friday ignited a risk rally like we haven’t seen for some time. We have trend breaks in a number of markets we follow and the overwhelming feeling is one of relief. Certainly from a fundamental standpoint there are many who believe this is […]

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Australian Dollar Under pressure

May 11, 2012

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As we end the week the Aussie looks like a shot duck – its close to parity as I write at 1.0020 and is just 40-60 points above the target I have had for about 5 or 6 cents now. As readers know my last post was saying I think the Aussie is heading toward […]

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Chinese PMI feeds the debate – what will risk assets do?

April 1, 2012

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I’m writing this Sunday night Newcastle time (GMT +10) and I’m guessing that tomorrow mornings open is going to be a pretty good one for the Aussie Dollar and for risk assets. The reason for this is that the Chinese data out over the weekend was not as bad as the Flash Chinese PMI suggested […]

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Australian Dollar down as production takes a pause

March 23, 2012

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Not a great night if you are bullish on stocks, commodities and commodity currencies which were off a tad on the back of the flash Chinese PMI and then put under more pressure from similar indexes in Europe. On the markets Bloomberg reported, March 22 (Bloomberg) — Stocks and commodities dropped while Treasuries rose for […]

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Australian Dollar breaking down

March 22, 2012

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Situation normal has resumed the Aussie Dollar is battling. China HSBC PMI has hit the Aussie Dollar hard and Europe PMI’s not helping. Aussie is now breaking through support as you can see on chart attached. My turtle system went short today. Subjectively i’ll post tomorrow as I am out at present. Cheers Gregory McKenna […]

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Aussie Dollar right on support

March 6, 2012

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The risk rally is faltering at the moment and the Aussie Dollar is feeling the heat. Last week my mate Omid said in his short piece that 1.0665 was the key support. Similarly Rick Spooner over at CMC Markets had this level as the one to watch on the long he suggested. So there is […]

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Short term Aussie Dollar

February 22, 2012

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I have a few rules when it comes to trading and one of them is “be wary of Monday morning Asian moves” this is especially so if it is accompanied by a US holiday. So it’s no surprise that Wednesday morning Australian open looks very different to yesterday when the US had not traded yet […]

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Wrap of last week’s data

February 6, 2012

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The Data Vault is unfortunately in hiatus for a few weeks but last week was pivotal for the view on the economy I felt readers still needed an update. So I have reblogged the summation of the weeks events from the Big Picture Blog Succinct summation of week’s events: Positives: 1) Jan Payroll gains show […]

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Risk rallies again

February 2, 2012

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Markets keep you humble don’t they! I got it wrong on the Aussie Dollar and risk assets yesterday – there is no hiding from that. Even though my Double Bolly band strategy was still long Aussie I was hopeful for a pullback – or at least calling it. This is a good example of why […]

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Aussie Dollar – where to next?

February 1, 2012

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The Aussie Dollar has once again overnight failed at recent resistance just below 1.07 as you can see in the first chart below. This is similar to last week’s failure so the question is what next? Clearly January has been a great month for risk assets. Soc Gen’s Credit Trading guru – Suki Mann – […]

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