China Yuan in Focus, Geithner to make Surprise Visit CURRENCY TRADING SUMMARY – 8th April (00:30GMT) U.S. Dollar Trading (USD) was mixed as weak stocks prompted save haven demand for the Dollar but this was countered by a drop in US treasury Yields. Commodities were also mixed with Gold surging… 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 07/04/2010
April 7, 2010Greece Fears keeping Euro on the back foot CURRENCY TRADING SUMMARY – 7th April (00:30GMT) U.S. Dollar Trading (USD) the FOMC meeting minutes were mixed with the members concerned about the ‘extended period’ language whilst also focusing on the inflation/deflation outlook. The dollar was stronger against the Euro as concerns… read more
Australian FOREX Daily Outlook 06/04/2010
April 6, 2010RBA and Central Banks in Focus CURRENCY TRADING SUMMARY – 6th April (00:30GMT) U.S. Dollar Trading (USD) in another holiday affected day the market was relatively quiet with most of the movement kept to tight ranges. March ISM Services jumped to 59.6 vs. 56.5 previously. Also released, February Pending Home… read more
Australian FOREX Daily Outlook 05/04/2010
April 5, 2010US Jobs Grow at Fastest rate in 3 Years CURRENCY TRADING SUMMARY – 5th April (00:30GMT) U.S. Dollar Trading (USD) was broadly stronger in thin trading after the March Jobs report showed +162k new jobs and solid revisions in February and January. The March Unemployment Rate was steady at 9.7%…. read more
Australian FOREX Daily Outlook 02/04/2010
April 2, 2010Non Farm Payrolls in Holiday Market CURRENCY TRADING SUMMARY – 2nd April (00:30GMT) U.S. Dollar Trading (USD) continued to find sellers as the market sold the safe haven currency in favor of riskier investments. Economic data is steadily improving with weekly jobless claims falling to 439k vs. 445k previously and… read more
Australian FOREX Daily Outlook 01/04/2010
April 1, 2010Yen Weakness Accelerates CURRENCY TRADING SUMMARY – 1st April (00:30GMT) U.S. Dollar Trading (USD) was under pressure against European currencies as the Euro led most of the major pairs higher. Action was also seen on the USD/JPY as key resistance was broken at Y93. March ADP Employment report provided some… read more
Australian FOREX Daily Outlook 31/03/2010
March 31, 2010Euro Rally Falters CURRENCY TRADING SUMMARY – 31st March (00:30GMT) U.S. Dollar Trading (USD) gained against its two biggest pairs in the Euro and Yen as Greece concerns resurfaced and rumors of a French ratings downgrade hurt the Dollar alternatives. March Consumer Confidence improved to 52.5 vs. 46.4 previously. Also… read more
Australian FOREX Daily Outlook 30/03/2010
March 30, 2010USD Strength Retreats CURRENCY TRADING SUMMARY – 30th March (00:30GMT) U.S. Dollar Trading (USD) was under pressure from the open as the Euro rally flowed over from Friday and dragged the rest of the pairs higher against the Greenback. February Core PCE was 0.0% vs. 0.1% forecast. US stocks rallied… read more
Australian FOREX Daily Outlook 29/03/2010
March 29, 2010Euro rallies on easing Greece Fears CURRENCY TRADING SUMMARY – 29th March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day losing plenty of ground against the Euro but gaining against many of the risk currencies as stock markets floundered. Hurting investor sentiment in the US session was the reports… read more
Australian FOREX Daily Outlook 26/03/2010
March 26, 2010All Eyes on the EURO CURRENCY TRADING SUMMARY – 26th March (00:30GMT) U.S. Dollar Trading (USD) ended the day with further gains but first came under pressure during the European session on news that the EU had come to an agreement on a EU/IMF bailout of Greece if necessary. Weekly… read more
