AUDCAD Trend & Momentum 24-Sep-2014

 AUDCAD has been declined for last 2 weeks.Trend and Momentum indicator shows AUDCAD is expected to be bounce up in a coming week, but downward risk remains toward later.

 Viewed from current monetary policy, AUD rate is 2.50% while CAD rate is 1.00%. The spread AUD minus CAD is 1.50%, and theoretical forward rate is expected lower AUDCAD than its spot rate. It implies that downward risk theoretically exists in longer term.


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AUDNZD Trend & Momentum 15-Sep-2014

AUDNZD have been up and down for last 2 weeks. AUDNZD had been in upward trend for the first week of Sep, and it has been downward trend for the week after despite the big scale jump observed in middle of the week.

AUD has been weak against several currencies last week, such as USD, CAD or JPY. The trend and momentum indicates AUD will bounce up for this week against those currencies including NZD. The trend & momentum of AUDNZD is seen better fitted though AUD and NZD are volatile currencies.


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Sorted out a technical issue on www.qrossx.com 7-Sep-2014

We had a technical issue on www.qrossx.com, today 7-Sep (Sun).

Now, the issue has been sorted out.

This issue may have affected on "Forex Signal by QROSS X".

USDCAD Trend & Momentum 6-Sep-2014

USDCAD has gone up for early last week but the upside was very limited. It was closed a little higher level than beginning of the last week.

Analyzed level is higher than the latest USDCAD, and the trend & momentum indicates downward in next week.

Remarkably, some of major European currencies EUR, GBP or CHF have been shoot down by ECB cutting the interest rate particularly. On the other hand, EURCAD or EURAUD have marked the lowest level in 11 months and 15 months respectively.

AUD is a contrast in the market consensus to EUR as Australian interest rate is expected higher. (Australian Dollar cash rate at 2.50% more than 12 months)




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Australian Dollar cash rate at 2.50% more than 12 months

RBA still hold cash rate at 2.50% record low for more than 1 year after the cash rate had gone down in large scale from 2012 to 2013.

Some of the analysts start expecting the cash rate hikes early next year. Once market consensus focus on the increasing rate, cross-AUD pairs will have more clear direction and AUD will be stronger against several currencies.

Source: http://www.news.com.au/finance/money/rba-keeps-interest-rates-on-hold-in-september/story-e6frfmci-1227045102271