OctaFX | OctaFX Forex Broker
Open trading account

Forex: AUD/USD muted post-HSBC PMI China around 1.0380

FXstreet.com (Barcelona) - Better than expected HSBC flash manufacturing PMI China at 51.7 vs 51.2 is pushing AUD/USD slightly to the upside last at 1.0387 though still capped below the 1.0393 mark, session highs so far. Reaction seems to be heavier on USD across the board weakening the greenback across specially against Pound and Euro, but not that much against the Aussie.

Iron ore around fresh 2013 lows near the $130 mark might be weighing on Aussie exchange rate, that doesn't move as higher as the positive data would have suggested, practically unchanged last at 1.0383, off session lows at 1.0368. AUD has also seen selling orders coming from the AUD/NZD front, as NZ 4GDP showed a better result than expected in early Asia-Pacific, taking AUD/NZD to fresh weekly lows 1.2528, last at 1.2559.

Immediate resistance to the upside for AUD/USD shows at mentioned session highs 1.0393, followed by yesterday's highs 1.0407, and Mondays/Friday's highs at 1.0410/5. To the downside, closest support lies at recent session lows 1.0368, followed by Tuesday's lows at 1.0350, and Monday's weekly lows at 1.0340.

Forex Flash: NZD/USD to advance towards 0.85 by year end - BNZ

The Kiwi is trading firmer on Thursday, following an upbeat GDP release in New Zealand. According to Mike Jones, currency strategist at BNZ, "NZD/USD settles into the 0.8200-0.8350 range, as expected, with more of the same looking likely near-term, contingent on Cyprus, Italy..."
Read more Previous

Forex: AUD/JPY stalls below the 99.80 mark

AUD/JPY is last at 99.62, pretty much unchanged for last 9 hours. The cross has recovered from session lows at 99.40 following worst trade deficit in Japan for the record, and now contained below the 99.67 as political uncertainties in Australia grow few months ahead of general elections in Sept as PM Gillard has been asked to call a spill from the very members of her own party.
Read more Next
Start livechat