Tag Archives: USD

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 miracle ending, Dollar sell off not finished yet

June 1, 2012

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By Greg McKenna May was a big month for me – I made some big calls which, as we enter June I am more convinced in then even at the time I first made them. The first big call was the question of whether or not Australia might be facing a recession which I posed […]

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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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Why is the Australian Dollar up this morning?

May 28, 2012

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As I write the Australian Dollar is up 0.62% to 0.9819 after making a low last week around 0.9690. Indeed the Aussie has, ever so slightly, broken through the top of the hourly downtrend channel it has been in since the run toward 1.05 in late April. Now it’s only 6.30 in the morning and […]

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Australian Dollar oversold?

May 23, 2012

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I am not walking away from my call on May 9th  that the Australian Dollar is going to head toward 90 cents but there seems something wrong with today’s very aggressive selling which has knocked it all the way to a low of 0.9742. Sure it is broad based USD strength in Asian trade today, Gold […]

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Markets – Time for a bounce?

May 21, 2012

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On Saturday morning I sat down and wrote the Trading week wrap over at MacroBusiness where I looked at a number of markets and what the price action and thus the technicals, mostly, suggested about the near term direction. After a week like last week I expected to have my bearish bias reinforced but by […]

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Market Rout Intensifies

May 18, 2012

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I’ve posted the links and the MacroBusiness morning over at MacroBusiness today and I wanted to highlight a few things. Firstly, after a brief hiatus in Asian trade yesterday the selling returned with a vengeance overnight in equity markets as the pending Euro implosion gather steam. Indeed UK Prime Minister David Cameron ratcheted up the […]

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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 to 90 cents?

May 9, 2012

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As a mate of mine just said to me – the Aussie Dollar looks like a lead canoe this morning and my thoughts on it heading below parity remain undiminished. Here is the chart of how it looks at present and nothing in the fundamental outlook has changed from the piece I wrote the other […]

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