Tag Archives: Australian Dollar

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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Does the inverse Aussie curve spell recession?

June 21, 2012

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Wives tales and Murphy’s Law persist for a reason. As I’m oft heard saying “Murphy’s Law wouldn’t be a law if it wasn’t true” So there are “market laws” as well. Old axioms that have persisted through time largely because of a good track record and predictive ability. One of these market laws is that […]

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Australian Dollar failing at resistance

June 19, 2012

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Last night’s price action in the Euro and the US Dollar suggested, quite rightly, that the market remains worried about Spain. Indeed the Spanish 10 year yield closed at 7.16% and the Euro fell back from the Asian highs. The Australian Dollar on the other hand has been holding in really well and sits just […]

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Contrarian View – Australian Dollar and Euro vulnerable to a squeeze higher

June 13, 2012

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When I did links this morning over at Macro Business I posted an article noting that US money continued to flow out of Europe last month. I also saw that the Euro was back above 1.25 and the Aussie Dollar was around 0.9950. Chart courtesy of AVAFX Mobile off my iPhone Given the European malaise […]

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RBA rate cut – 25 or 50 points.

June 5, 2012

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I think by now its clear that the RBA went 50 basis points last month because it knew that the economy needed some monetary stimulus but equally that the Banks were going to hold some back. The Majors were actually more generous in passing on a big proportion of the cuts than some of the […]

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Sell in May – Markets have a shocker

June 1, 2012

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By Greg McKenna We saw a bit of position squaring yesterday for month end after assets like the Aussie Dollar made a fresh low for the year before rallying. Likewise in US equities the early weakness gave way to a better performance but by the end of play the pressure was unable to be withstood […]

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Market rout continues – thoughts on current market turmoil

May 15, 2012

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Morning – I am covering both Morning Links and the MacroBusiness morning this week and I thought that this mornings market wrap might be instructive as to my thoughts on the markets more broadly for those who follow my thoughts. Here is the link to MacroBusiness morning but in summary this sell off looks to […]

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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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Australian Dollar – break out or just another head fake?

April 30, 2012

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The Aussie Dollar has rallied strongly over the course of the last week. Indeed over the past few weeks we have had the Aussie test and hold important Fibonacci support in the 1.0220/40 region a couple of times and closed the week closing in on 1.05. So the question I ask myself is this another head fake […]

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Markets and “risk” assets under pressure across the board

April 9, 2012

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Originally posted on Global Macro Monitor:
It’s gettin’ ugly out there again, folks. (click here if chart is not observable)

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