USD Breaks Higher CURRENCY TRADING SUMMARY – 25th March (00:30GMT) U.S. Dollar Trading (USD) heavy gains against most majors were seen throughout the day with little retracement as US Bond Yields crept higher and the Euro buckled. February Durable Goods Orders were at 0.5% vs. 0.7% forecast. February New Home… 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 24/03/2010
March 24, 2010Stocks Soaring, Dollar Steady CURRENCY TRADING SUMMARY – 24th March (00:30GMT) U.S. Dollar Trading (USD) was able to hold on to small gains against most majors even as the stock market continued to rally in the US session. Most of the gains were in the European session as the market… read more
Australian FOREX Daily Outlook 21/03/2010
March 21, 2010Dollar Up as Stocks fall CURRENCY TRADING SUMMARY – 21st March (00:30GMT) U.S. Dollar Trading (USD) enjoyed a solid day of gains as the stock market pulled back into the weekend after 8 days of gains. Weighing on investor sentiment was the surprise rate hike by the reserve bank of… read more
Australian FOREX Daily Outlook 19/03/2010
March 19, 2010USD Gains on Greece Flare Up CURRENCY TRADING SUMMARY – 19th March (00:30GMT) U.S. Dollar Trading (USD) was strong across the board on the weak Euro news and US discount rate hike rumor. Weekly Jobless Claims improved to 457k vs. 462k previously and US CPI was 0.0% in February. In… read more
Australian FOREX Daily Outlook 18/03/2010
March 18, 2010Markets Rally Across the Globe CURRENCY TRADING SUMMARY – 18th March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day losing ground against the Risk currencies but holding its own against the two biggest currency pairs the Euro and the Yen. February PPI dropped -0.6%m/m it’s biggest drop in 7… read more
Australian FOREX Daily Outlook 17/03/2010
March 17, 2010US Rates Remain Low for an ‘Extended Period’ CURRENCY TRADING SUMMARY – 17th March (00:30GMT) U.S. Dollar Trading (USD) was on the back foot as the FED held rates at 0.25% and included the statement ‘extended period’ for holding rate lows. The stock market reacted positively to the low rate… read more
Australian FOREX Daily Outlook 16/03/2010
March 16, 2010China defiant on FX CURRENCY TRADING SUMMARY – 16th March (00:30GMT) U.S. Dollar Trading (USD) some mild risk aversion was the course of the day with Friday’s ‘risk on’ rally pared back across the board. The USD and Yen were the main winners ahead of there respective Central Bank meetings… read more
Australian FOREX Daily Outlook 11/03/2010
March 11, 2010Euro Rallies, Gold Plummets CURRENCY TRADING SUMMARY – 11th March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day of trading as strength in Europe was once again reversed in the US session with the notable exception of Gold. Crude Oil Inventories where at 1.6m and helped Oil to small… read more
Australian FOREX Daily Outlook 10/03/2010
March 10, 2010Yen Strength Returns CURRENCY TRADING SUMMARY – 10th March (00:30GMT) U.S. Dollar Trading (USD) was able to make solid gains in Europe as the Greece fears resurfaced on news Fitch may still downgrade the embattled country. US stocks turned positive however and the market pared back some of the Dollars… read more
Australian FOREX Daily Outlook 09/03/2010
March 9, 2010Profit taking Helps USD CURRENCY TRADING SUMMARY – 9th March (00:30GMT) U.S. Dollar Trading (USD) gained across the board as profit taking hit the majors after stock markets stalled and Gold slipped back on decreasing sovereign credit risk. US stocks stayed in a very tight range but ended slightly weak…. read more
