Ugly, and indicative of the lack of confidence even with interest rates at historic lows. Combined with the weaker China PMI not good news for the AUD.

Australian Building Approvals

Well its broken, but progress looks slow compared to gold and EUR. Still plenty of sellers through the 1.03's and price has broken the down channel from 1.0582. Next stop 1.0379 fib.

AUD/USD - Monitor the resistance at 1.0340

Probably correct. Looks like the EUR can't get the RSI above 60 and my system suggests a short term upswing but only for a few hours, so no real bullish momentum only a retracement. As it certainly has no long term strength it looks like any further ...

EUR Exposed; Sell Any Further EUR/USD Rebounds - Morgan Stanley

The US is slowing heading for deflation. No ability to recoup price pressures from consumers with unemployment so high and likely to rise further. The USD will benefit as a safe haven, and eventually this will translate into a reversal in equities. ...

US producer prices fall sharply in March

If the USDJPY goes through Y100, then the EURJPY will gap higher and take EURUSD with it. Next stop the 50% fib at 1.3185.

EUR/USD – Moves to Highest Level in Six Weeks Near 1.3150

You mean the French & Italians, or the Japanese, or both?

Everybody Wants To Know Where Japanese Investors Are Dumping Their Money

Until the Yen runs of steam the EUR will continue to strengthen via the crosses, unless we have some major problem like a North Korean attack on the South or the S&P falls sharply. If that happens then its all pile into the USD.

Shorting The EUR Is Like Owning Fools Gold

Sad but true for those of us short, however its important to realise whats driving this - the market is currently completely consumed by the Yen, and its the Yen crosses that are driving most of the currencies higher, NOT USD weakness. As soon as ...

Spanish Feb adj industrial output -6.5% y/y

Its stalled at 1.3062 the 6.1% fib retracement of the move from 1.2660/1.3710 so lets see if it can drive through when London and NY open, otherwise if it falls support will be at the 200ema at 1.3019, then 1.3000.

EUR/USD enjoys its best rally in three months to above 1.30

Only 5.3, sounds and feels like a Honda backfiring!

Earthquake has struck in Japan near Tokyo with a magnitude of 5.3

The AUD is threatening to rollover already on the 4hr chart, but this is the graveyard bar with China closed so lets wait for London and NY.

Australian Retail Sales Rise Faster Than Expected in February

Could not agree more, buy now looking for at least 1.0530 with stops below 1.0440.

Australia Building Approvals

Agree, but we've already killed our manufacturing base and our defence businesses are next. Won't leave much except services, tourism and mining. Long term the AUD will end up around US70-80c but for now it may headed back over 1.05 and perhaps 1.06 ...

Australia Building Approvals

Crap manufacturing, mining boom now peaking, construction slowing as a flood of apartments hits the market, fewer tourists....all adds up to a slowing economy which is largely hidden from the stats due to the way the ABS collates the numbers. ...

Australia Building Approvals

Don't believe everything you read. The housing approvals are very localised and mostly mining related, which is now peaking so this will fall away over the next few months. Retail sales are good but not great when broken down and supported by non ...

Australia Building Approvals

Why would you need this. It closed last week at 1.2819 after touching 1.2751. Who cares about the daily close in thin holiday trading when the weekly was lower and gives a much stronger picture. Look out below, but I grant you it will be choppy.

Is The EURO A Good April Fool Joke?

Be careful I wouldn't make this call yet, Nylon hasn't started yet and the Americans have a habit of rearranging the furniture after London closes, especially into a month end and with Easter.

If Depositors Run Where Will The EURO Hide?

Can't quite see that yet DF but won't bet against you as the downside momentum is picking up. If it breaches 1.2660 then next is the 123.6% fib extension at 1.2414. There's also some old support lines around this level. After that its 1.22 and then ...

EUR/USD – Making new lows

They should just write off the whole student loan scheme. Whats another $1T between friends. It would probably do some good overall. Buy AUD for a decent AAA yield, but be quick before it too tanks.

USD Looks Like an Island of Stability

Muppets is being polite. At least they can walk and chew gum at the same time. It is truly scary the incompetence on show with this episode.

Saving Cyprus Means Nobody Safe as Europe Breaks More Taboos