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Apr 3, 2013
Forex: AUD/USD higher above 1.0460 on Aus trade balance
With better trade deficit in Australia of last 7 months at -178M vs -1057M previous and -1000M expected, AUD/USD is currently trading at session highs 1.0462 bids, up from the 1.0450 level previous to the data release. Tight ranges still dominate in the pair, with commercial/hedger traders back in the net short side as soon as it approaches to the 1.05 handle, as latest COT report shows.
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Apr 3, 2013
Forex: GBP/USD breaks into 2-week low; no significant demand until 1.4950/1.50
GBP/USD has penetrated into a fresh 2-week low territory in Asia, after some large orders unraveled the stagnant 6 pips range between 1.5102/08 to now set the new low at 1.5075.
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