AUD/USD: Bid for half a yard at 0.7880 reported

FXStreet (Bali) - AUD/USD has been in a tight 25 pip range during Asia, between 0.7907 and 0.7882, with Bloomberg now reporting a bid for half a yard of Aussie at 0.7880, which should help to explain the constant bounces off that level.

Jan 29, 2015

AUD/USD poised to make new lows - 2ndSkies

According to Chris Capre, Founder at 2ndSkies, AUD/USD looks poised to resume its downtrend into fresh multiyear lowes, with downside targets at 7725, 7650 and 7500.

German CPI Jan to slip into deflation - RBS

According to RBS FX Strategists, German CPI is anticipated to slip into deflation on a y/y basis for the first time since September 2009, with preliminary estimate of German CPI for January due today.