Market analysts at FXCM warn investors might be too complacent when assuming the USD will simply continue weakening from here.
Commonwealth Bank researchers believe long-running USD structural depreciation combined with building AUD structural appreciation makes for a decade ahead of a higher AUD-USD exchange rate.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
FXCM technical analyst Jamie Saettele suggests AUD/USD might be forming a top on price charts.
Another quake and tsunami warning in Japan saw the Dow plunge 100 points in minutes last night before the warning was canceled. Dow down 17.
Analysis (technical) by ATW’s Jerry Simmons suggests AUD and EUR might be due for a trend reversal, and soon.
No shock that it’s bail-out time for Portugal while carry trades push the Aussie over 1.04. Dow up 32. (Locked for subscribers until 10:00 AEDT)
Inflation concerns and global unrest had gold pushing up into nominal blue sky territory last night as Wall Street again showed a lack of interest. Dow down 6.
Brent crude pushed over the US$120/bbl mark last night in a quiet session on Wall Street as we await remarks from Ben Bernanke. Dow up 23.
Market analysts Christopher Vecchio at FXCM believes there’s more upside in store for AUD.