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Forex Market Commentary

USD/JPY Rises on Japan Prime Minister Resignation

By FXCompass — Wednesday, 02 June 2010

Nine months after the start of his mandate, Japan Prime Minister Yukio Hatoyama stepped down amid consistent political pressures and a record drop in popularity.

 

AUD/USD Defines a New Support Trendline

By FXCompass — Monday, 19 April 2010

The new risk-aversion wave allowed the Australian dollar to retract and complete the formation of a new medium term support trendline.

 

AUD Approaches Key Resistance

By FXCompass — Wednesday, 07 April 2010

The Australian dollar’s seems unstoppable these weeks. Its uptrend is well in shape and hasn’t shown much signs of weakness ever since it started in early February. But things get interesting now that it approaches a key resistance region near .9320.

   

RBA Raises Cash Rate but Issues Inflation Warnings

By FXCompass — Tuesday, 02 March 2010

In an expected move, the RBA decided to raise its cash rate by 0.25% to 4.00%, as it revealed in its latest statement on monetary policy.

 

AUDUSD Stays Calm After RBA Meeting Minutes

By FXCompass — Monday, 15 February 2010

Australian markets remained calm after the release of the RBA Monetary Policy Meeting Minutes on Monday evening, which was the first of the main events to influence the aussie this week.

   

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