Dec 7, 2010

The Reserve Bank of Australia kept interest rates steady at 4.75% in its meeting overnight. Whereas recently the RBA had warned that a slowdown in China may cause it to pause its rate hike campaign, now the focus shifts onto the Euro-are and the increase in bond yields there. That was the main downside risk for the RBA. The statement stated that monetary...

Oct 27, 2010

Asian Session: Aussie Slides on CPI Data A big mover today was the AUD/USD pair, as the Aussie was sold off rather sharply in the Asian session on the back of a weaker than expected consumer price index report. The CPI, put out quarterly by the Australian Bureau of Statistics, showed inflation up 0.7% in the 3Q compared to the 2Q. Expectations had inflation...

Oct 18, 2010

(Please click on the forex chart thumbnail to enlarge) 10/18/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Monday (10/18/2010) has bounced up off the bottom support line of a parallel uptrend channel extending back to the August lows. This bounce comes after price action hit parity [...] ...

Oct 14, 2010

The Dollar is on the chopping block again today, have you had your share?  The Federal Reserve is on the verge of QE2, this is going to happen weather we like it or not!  We can use this in our favor and trade in the same direction.  I am sure you have heard to term “the trend is your friend”?  So don’t fight it, continued U.S. dollar ...

Oct 14, 2010

// (Please click on the forex chart thumbnail to enlarge) 10/14/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Thursday (10/14/2010) broke out above 0.9900 resistance to reach a record high just shy of parity (1.0000) in early Thursday trading, before pulling back to re-test the point of… ...

Oct 12, 2010

The price of gold made a new all time high of $1,364.78 per ounce on Thursday, with the Australian Dollar close behind as the AUDUSD rate also made a fresh recent high of 0.9917 on Thursday. Australia is a net gold producer with substantial gold resources underground, and so the Australian Dollar often trades in sympathy with the price of gold. The Price of Gold...