More from FXstreet.com

Forex Flash: AUD/USD pullbacks to be shadow; liquidity threatens bigger moves - NAB

By FXstreet.com,  January 02, 2013, 04:37:00 PM EDT

FXstreet.com (Barcelona) - Wall Street and risk assets, with the Australian Dollar being the standout, bought the rumour of a fiscal deal on Monday, and not having enough, also bought the fact on Wednesday.

The AUD/USD has added an impressive 0.95-1%, with the overnight high of 1.0524 now expected "to hold the top side though expect dips to prove shallow" the NAB strategy team notes. The bank adds that "the caveat is that if liquidity remains as poor as it was on Wednesday, bigger moves are possible on anything more than small-scale order flow..."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Huge Tornado Rips Through Oklahoma
Huge Tornado Rips Through Oklahoma  
Crossroads GPS Claims It Is Under IRS Scrutiny
Crossroads GPS Claims It Is Under I...
U.S. Hits Debt Limit Again
U.S. Hits Debt Limit Again          


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%