Volatile Markets, Yen Intervention Talks CURRENCY TRADING SUMMARY – 13th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was weaker as Asian equities rebounded but with US stocks remaining under pressure the Dollar resumed its strength across the board. Weekly Jobless Claims caused concern again at 484… read more
Daily
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.
Australian FOREX Daily Outlook 12/08/2010
August 12, 2010Market Crashes on Slowing Recovery Fear CURRENCY TRADING SUMMARY – 12th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) surged higher throughout the day as safe haven flows helped out the world’s reserve currency. Stock markets around the world fell back 2% on a combination of US… read more
Australian FOREX Daily Outlook 11/08/2010
August 11, 2010FED ANNOUCES EASING EXTENSIONS, USD MIXED CURRENCY TRADING SUMMARY – 11th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk aversion ahead of the US interest rate meeting helped the Dollar to day highs before a change in the FED monetary measures helped stocks lift into the… read more
Australian FOREX Daily Outlook 10/08/2010
August 10, 2010Calm Before The Storm, FOMC Today CURRENCY TRADING SUMMARY – 10th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was well supported by Dollar buybacks ahead of the US Interest Rate announcement today. Most markets were quiet with speculation of further Fed easing helping the stock market… read more
Australian FOREX Daily Outlook 09/08/2010
August 9, 2010Weak US Jobs Hurt Dollar CURRENCY TRADING SUMMARY – 9th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) came under pressure after the July Non Farms Payrolls fell -131k and June’s figures were revised lower by another 100k. The USD/JPY tested the key Y85 level and EUR/USD… read more
Australian FOREX Daily Outlook 06/08/2010
August 6, 2010Attention Turns to the US Jobs Report CURRENCY TRADING SUMMARY – 6th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) in a quieter than usual day of trading the USD was slightly weaker after the Euro rallied and the USD/JPY failed to hold above Y86. Weekly Jobless… read more
Australian FOREX Daily Outlook 05/08/2010
August 5, 2010ECB, BOE Rate Decisions Ahead CURRENCY TRADING SUMMARY – 5th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) enjoyed a relief rally as US data surprised and traders took profit from recent USD selling. July ISM services jumped to 54.3 vs. 53.8 previously. Also solid, July ADP… read more
Australian FOREX Daily Outlook 04/08/2010
August 4, 2010USD/JPY Edging towards Decade Low CURRENCY TRADING SUMMARY – 4th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was unable to gain even as stocks fell slightly as the market digested weak US data. June Pending home Sales fell -2.6% and Personal spending and income both came… read more
Australian FOREX Daily Outlook 03/08/2010
August 3, 2010Euro Breaks Higher, Australian Rate Announcement CURRENCY TRADING SUMMARY – 3rd August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) stocks surged as global investor sentiment continued to improve and major tech levels were broken on the topside. July’s ISM manufacturing figures came in better than expected at… read more
Australian FOREX Daily Outlook 02/08/2010
August 2, 2010US GDP Misses Estimates CURRENCY TRADING SUMMARY – 2nd August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) investor appetite for riskier assets pushed the USD lower against the commodity currencies on Friday as Oil and Gold rallied. Data was mixed with Q2 GDP at 2.4% vs. 2.5%… read more
