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Friday, May 10, 7:41 AM
The Australian dollar (FXA) sinks below parity with the greenback for the first time since last June, a victim of a slowdown in the Aussie economy and weak commodity prices (the two are surely intertwined). Aussie stocks are rising along with the rest of the world, but the Australian Index Fund ETF (EWA) - unhedged against the currency - is lagging.
2 Comments[Global & FX, On the Move]
Thursday, May 9, 3:06 PM
The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%).
5 Comments[Global & FX, Commodities, On the Move]
Monday, May 6, 7:53 AM
Despite the big commodity rally Friday, the aussie (FXA) fell in early Sunday trade and hasn't gotten up, perhaps aided by rumors George Soros has launched a short. "Someone has picked a mark around $1.0270 and seems to be betting on a rate cut," says one trader. Among all major currencies, the aussie is notably weaker vs. the greenback, -0.7% at $1.0248.
Comment![Global & FX, On the Move]
Monday, April 29, 7:31 AM
Precious metals continue their comeback tour, with the dollar (UUP) being lower across the board as good an excuse as any for buying this morning. GLD +1.1%, SLV +1.5% premarket. The greenback is particularly weak vs. the aussie (FXA), +0.6%.
Comment![Commodities, On the Move]
Tuesday, October 23, 2012, 9:56 PM
Already higher on the session after a fast Australian CPI reading, the aussie spikes another 20 pips following China's encouraging PMI report. The aussie currently +0.4% and buying $1.0309.
Comment![Global & FX, On the Move]
Friday, September 14, 2012, 7:13 AM
The dollar continues a big move lower following the Fed's open-ended QE announcement and Bernanke's anything it takes as long as it takes press conference. The euro +1% to $1.3116, the aussie +0.5% to $1.06 - neither of those handles have been seen for months. The loonie +0.4% to $1.0367, a 2012 high.
Comment![Global & FX, On the Move]
Thursday, July 12, 2012, 2:28 AM
Australia's jobless rate rose for a second month, to 5.2% in June from 5.1% in May. The number of people employed fell by 27K, led by essentially erasing a revised 27,800 job gain in May. Aussie dollar -0.8% to $1.0168. ASX 200 index -0.7%.
2 Comments[Global & FX, On the Move]
Thursday, May 31, 2012, 9:24 PM
S&P futures tumble, -0.6% following the weak China PMI print. The euro extends its bear run, -0.3% to $1.2330. Hardest hit are the aussie, -0.7% to $0.9668, and Australian shares, -1%.
8 Comments[Global & FX, On the Move]
Tuesday, May 1, 2012, 6:50 AM
The Australian dollar is hammered - off 1.1% against the greenback - after the RBA cut rates by a greater-than-expected 50 basis points overnight. The central bank's statement is notable for its emphasis on Europe, not China, as a threat to the Aussie economy. Sydney +0.8%.
Comment![Global & FX, On the Move]
Thursday, April 12, 2012, 2:07 AM
Australian payrolls rose a larger-than-expected 44K in March. The jobless rate stayed at 5.2% compared with expectations for a rise to 5.3%. Aussie dollar +0.7% vs. USD.
Comment![Global & FX, On the Move]
Friday, March 9, 2012, 9:07 AM
The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket.
1 Comment[On the Move, Global & FX]
Friday, December 30, 2011, 12:38 PM
With trading desks barely staffed, someone has decided to run some stops in the currency market. The greenback takes a plunge over the past couple of hours against nearly every major currency, but particularly vs. the yen, the aussie, and the kiwi. The yen has now regained nearly all the ground lost when Japan intervened in late October to weaken it.
5 Comments[Global & FX, On the Move]
Wednesday, December 28, 2011, 10:46 AM
The euro continues its near freefall, hitting $1.2944, the lowest level since the first days of 2011 when it briefly fell below $1.29. Other risk currencies are down alongside, the British pound -1.3%; the aussie dollar, solidly higher minutes ago, -0.5% at $1.0107. European shares are at session lows, the Stoxx 50 -1.2%.
1 Comment[Global & FX, On the Move]
Wednesday, November 30, 2011, 6:42 AM
The apparent shift from tighter to easier monetary policy in China turns risk markets around this morning. S&P futures +0.8% after being down about -0.5% just before the news. Stoxx 50 +1.1% after being down 0.8%. Another beneficiary, the aussie, instantly jumping 80 pips to $1.0063, +0.6% on the day.
1 Comment[On the Move, Global & FX]
Whitehawk: I think this is a rangebound market. What do you think?
Apr 18, 12:43 AM
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neobliviscar Picked up 2000 EEP to join the other guys here on SA. Sold Oct 106 calls FXA as part of paired trade long Swiss Franc vs syth short Aussie
9/7/12
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neobliviscar: I told MJ in another thread. I'd rather own a little lower, but my metrics are usually overly conservative by up to 5%. Definite buy $27.5
9/7/12
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neobliviscar: They're good on the div. High insider ownership. Large buildout PPE that makes sense. Debt is intelligent. Many +, & two (-) I can see.