What Happened on Wednesday > Top 3? Fed leaves US rates unchanged but FOMC statement passive USD sold off aggressively, Gold Surges Major FX pairs well Bid against USD, across the board Outlook Outlook has now turned south for USD UK GDP data was… read more
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
What Happened on Tuesday > Top 3? USD fights back as the US Healthcare vote sneaks through US Treasury yields make a higher high for the first time in 8 days Oil surges back to $48.50 Outlook Aussie Inflation data critical for AUD RBA Gov Lowe Speaks… read more
What Happened on Monday > Top 3? USD Mixed as Trump Russian saga continues EUR/USD Trades to a 23-month high OPEC Meeting helps Oil recover, Gold holds $1,255 Outlook US Consumer Confidence Aussie Inflation data Wednesday US GDP data & FOMC Data & Event Risk Today? (USD) US Consumer Confidence… read more
Daily Trader Talk – Monday 24th July What Happened on Friday > Top 3? > Oil price slides, Gold storms Higher > EUR/USD Trades to a 23-month high > Trump headlines aren’t good for USD stability Outlook + Aussie Inflation data Wednesday + US… read more
Daily Trader Talk – Thursday 20th July. What Happened on Wednesday > Top 3? > AUD on a tear higher > Euro Holding above 1.1500 leading into ECB > Gold consolidates & Oil Higher on Inventories data Outlook + AUD Jobs… read more
Daily Trader Talk – Wednesday 19th July. What Happened on Tuesday > Top 3? > Major USD selloff sparked by Trumps Healthcare Reform bill failure > Gold pushes higher as markets reprice USD lower > Euro & AUD sharply higher against USD Outlook + Tier 2 US data tonight… read more
Daily Trader Talk – Tuesday 18th July. What Happened on Monday > Top 3? > FX Majors consolidate. AUD, NZD, CAD & GBP all slightly weaker against USD. > Gold pushes higher as markets reprice USD outlook. > Euro still looks very strong, pushing higher to 1.1475 Outlook… read more
Daily Trader Talk – Monday 17th July. What Happened on Friday > Top 3? > US Dollar takes a hit after Inflation & Retail Sales data misses expectations > AUD, CAD & NZD soar higher against the USD > Gold jumps back to $1,230 on Soft US Inflation Outlook… read more
Daily Trader Talk – Friday 14th July. What Happened on Thursday > Top 3? > Janet Yellen points to the strengths in the labour market > Markets still pricing a December rate hike at just under 50% probability > AUD, NZD & CAD biggest performers higher against the USD Outlook… read more
Daily Trader Talk – Thursday 13th July. What Happened on Tuesday > Top 3? > Janet Yellen’s Testimony Dovish for US Dollar > Huge moves lower for USDCAD, as BOC hikes rates 0.25% > Janet Yellen points to US Inflation data being critical for the Feds next moves … read more