EUR/USD jumps to 1.3140 on broad USD weakness

FXstreet.com (Barcelona) - EUR/USD is pushing into new Asian highs, currently at 1.3140 after recovering from a U.S. session low of 1.3066. The move in the Euro is in line with the latest technical analysis provided by Chris Capre, Founder at 2ndSkies, who noted "I'll look for intra-day price action pullbacks towards 1.3072/80 area, targeting 1.3115 and a more sustained move towards 1.3145." Capre added that "A break below 1.3050 targets 1.3000/1.2975."

Jul 19, 2013

Flash: AUD/USD faces 1.2%-2.9% losses on Aus funds reallocations -ANZ

Andrew Salter, FX Strategist at ANZ, sent out a research note earlier in Asia about Australia's pensions managed by superannuation (“super”) funds, in which he estimates the extent of AUD selling if super funds increase their allocations to foreign asset markets.

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Jul 19, 2013

AUD/USD supported on broad USD weakness

The AUD/USD foreign exchange rate is last back to initial session highs around the 0.9187 level, bouncing from session lows at 0.9155 on the back of a massive broad reversal in USD, following a huge sell off in the Nikkei index.

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