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3 Jun 2015

AUD/USD eyeing 0.7840/50? – OCBC

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, expects a AUD/USD break above 0.7797 to expose 0.7840/50 levels.

Key Quotes

“The AUD outperformed across G10 space post-RBA on Tuesday with the meeting statement yielding little for prior aussie bears. This morning, 1Q GDP came in at a better than expected 0.9% qoq sa (0.5% prev) and this may continue to underpin the AUD against the greenback.”

“A sustained break above the 55-day MA (0.7797) potentially opens the way to 0.7840/50.”
Jun 3, 2015

EUR/USD: consolidation with upside bias – AceTrader

The recent price action suggests consolidation with an upside bias remains for EUR/USD and a move towards 1.1205/15 might be expected, notes the Research Team at AceTrader.
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Jun 3, 2015

China: More signs of sequential stabilisation – Nomura

Asian Economists at Nomura, believe that the climb in Chinese PMI indicates that some signs of improvement might be seen in the economy, but the GDP growth forecast remains well below 7%.
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