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The AUDUSD has pared yesterday’s advance as U.S. traders came back online today. With risk aversion regaining its footing, if we continue to see the U.S. dollar strengthen against the Aussie, and break below the rising trend line on the 15 minute chart, I would not rule out further downside risks.
Read more...Australian Dollar Under Pressure But Fails to Break Below Trend Line
The AUDUSD has pared yesterday’s advance as U.S. traders came back online today. With risk aversion regaining its footing today, if we continue to see the U.S. dollar strengthen against the Aussie, and break below the rising trend line on the 15 minute chart, I would not rule out further downside risks.
Read more...Saxo Bank Launches New Morning Markets and Trading Notes on TradingFloor.com
Saxo Bank, the specialist in online trading and investment, has launched two new European morning publications entitled the 'Morning Kickoff @ Saxo Bank' and the 'Saxo Bank Charts of the Day' which will be published through the Tradingfloor.com site.
Read more...Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility
Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls report, risk appetite would start climbing before the US exchanges came online.
Read more...Currency Markets Shift Focus to the U.S. Nonfarm Payrolls Report for August
The spotlight this week will be placed on the U.S. Nonfarm payrolls report for the month of August. Economists are expecting the labor market in the world’s largest economy to plunge 103,000 after payrolls took a free fall of 131,000 in July.
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