Sell the Australian dollar this week — Citi

Trade of the week from Citi Analysts at CitiFX recommend selling AUD/USD this week. The analysts recommend selling AUD/USD around 0.7838, with a target of 0.7600, and a stop of 0.7940.  AUD/USD is down 3 pips to 0.7831 today. For bank trades, check out eFX Plus. Create your survey with

Dollar whips around after ISM data

Moves higher and back downThe dollar whipped around after the better than expected ISM data.  EURUSDThe EURUSD fell below it’s 100 bar MA on the 5-minute chart, went to test the day lows at 1.1729 (lots of support from 1.1709-20) and has bounced back above the 100 bar MA (at 1.1747).  The 200 bar MA on […]