Eurozone Break Up Worries CURRENCY TRADING SUMMARY – 17th May (00:30GMT) U.S. Dollar Trading (USD) the on going sovereign debt crisis continued to dominate of the FX market. Concerns on Friday were on rumors of an EU breakup and France downgrade. No matter how truthful the rumors are, the damage… 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 14/05/2010
May 14, 2010CURRENCY TRADING SUMMARY – 14th May (00:30GMT) U.S. Dollar Trading (USD) gained amidst a number of currencies on Thursday largely on the back of falling equity markets. Weekly jobless claims eased by 4K to record at 444K. In other news Fed vice chairman Kohn signaled that injection of funds in… read more
Australian FOREX Daily Outlook 13/05/2010
May 13, 2010CURRENCY TRADING SUMMARY – 13th May (00:30GMT) U.S. Dollar Trading (USD) played into the hands of risk on/risk off throughout Wednesday trade, before gaining in late Europe which continued on into the US sessions of trade as the market views the Federal Reserve is likely to increase rates ahead of… read more
Australian FOREX Daily Outlook 12/05/2010
May 12, 2010CURRENCY TRADING SUMMARY – 12th May (00:30GMT) U.S. Dollar Trading (USD) the market saw a continuation in positive sentiment overnight, before falling off later in the New York session, the USD failed to gather any clear direction against a number of majors. With little data scheduled, US wholesale inventories rose… read more
Australian FOREX Daily Outlook 11/05/2010
May 11, 2010CURRENCY TRADING SUMMARY – 11th May (00:30GMT) U.S. Dollar Trading (USD) whipped about against a number of majors as investors returned to risk following announcement of a 750 Billion Euro total support package. As European stock markets were first to benefit in gains, positivity spilled on through to US share… read more
Australian FOREX Daily Outlook 07/05/2010
May 7, 2010Dow Drops 1000 points, Market Chaos CURRENCY TRADING SUMMARY – 7th May (00:30GMT) U.S. Dollar Trading (USD) was extremely strong on safe haven demand as the markets experienced the sharpest drop in the history of the Dow Jones Index. Stocks were under pressure due to a rumored misclick from a… read more
Australian FOREX Daily Outlook 06/05/2010
May 6, 2010Euro Concerns Intensify CURRENCY TRADING SUMMARY – 6th May (00:30GMT) U.S. Dollar Trading (USD) continued to track higher with safe haven demand but was sold against the Yen as USD/JPY failed a test of Y95. Investors are flooding back to US bonds as they search for safety from the European… read more
Australian FOREX Daily Outlook 05/05/2010
May 5, 2010EURO Breaks 1.3000 CURRENCY TRADING SUMMARY – 5th May (00:30GMT) U.S. Dollar Trading (USD) major gains were seen across the board as the Euro collapsed and safe haven demand emerged as stock losses mounted. US Data was good but was overlooked with March Pending Home Sales 5.3% vs. 3.9% previously…. read more
Australian FOREX Daily Outlook 04/05/2010
May 4, 2010Euro Struggling to stay Afloat CURRENCY TRADING SUMMARY – 4th May (00:30GMT) U.S. Dollar Trading (USD) was very well supported as the Euro’s gains were unwound and USD/JPY pushed higher to resistance just under Y95 on strong US economic data. April ISM Manufacturing jumped to 60.4 vs. 59.6 previously. March… read more
Australian FOREX Daily Outlook 03/05/2010
May 3, 2010Greece Aid Expansion CURRENCY TRADING SUMMARY – 3rd May (00:30GMT) U.S. Dollar Trading (USD) had a very mixed day of trading as the Euro rallied on hopes that a bigger bailout was on the cards whilst most other currencies were lower against the greenback on risk aversion. Stock markets fell… read more
