US Jobs bring upside surprise CURRENCY TRADING SUMMARY – 8th March (00:30GMT) U.S. Dollar Trading (USD) was strong initially after the February Payrolls beat expectations at -36k vs. -56k forecast. The gains were short lived however as stock markets extended gains and yen crosses staged major short covering rallies. Also… 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 05/03/2010
March 5, 2010US Non Farm Payrolls Ahead CURRENCY TRADING SUMMARY – 5th March (00:30GMT) U.S. Dollar Trading (USD) was strong even as stock markets remained positive as the EUR/USD slumped after the ECB announcement and USD/JPY rallied on increasing US Bond Yields. Weekly Jobless Claims improved to 469k vs. 496k. January Pending… read more
Australian FOREX Daily Outlook 04/03/2010
March 4, 2010Greece Austerity Measures Help Euro CURRENCY TRADING SUMMARY – 4th March (00:30GMT) U.S. Dollar Trading (USD) the market reacted well to the new Greece Austerity measures in Europe and the Euro led the majors higher against the greenback. Adding to the positive sentiment was the February ISM Services PMI at… read more
Australian FOREX Daily Outlook 03/03/2010
March 3, 2010GOLD hits record high against EURO and GBP CURRENCY TRADING SUMMARY – 3rd March (00:30GMT) U.S. Dollar Trading (USD) was softer across the board after downside action on the Euro and GBP abated and commodities rallied in the US session. Stock markets struggled to hold gains but the damage to… read more
Australian FOREX Daily Outlook 02/03/2010
March 2, 2010Pound Skids to 10 Month Low CURRENCY TRADING SUMMARY – 2nd March (00:30GMT) U.S. Dollar Trading (USD) had a mixed day with strength against the Pound and Euro not being replicated against risk currencies such as CAD and AUD which tracked stock markets higher. February ISM manufacturing slipped to 56.5… read more
Australian FOREX Daily Outlook 01/03/2010
March 1, 2010More talk of Greece Bailout CURRENCY TRADING SUMMARY – 1st March (00:30GMT) U.S. Dollar Trading (USD) ended the week on the backfoot as the Euro rallied on Greece bailout talk from Germany and commodities put on a solid performance. Q4 GDP was revised higher to 5.9% from 5.7%. Of Concern… read more
Australian FOREX Daily Outlook 26/02/2010
February 26, 2010Yen the Currency of Choice CURRENCY TRADING SUMMARY – 26th February (00:30GMT) U.S. Dollar Trading (USD) in a volatile day of trading the dollar gained heavily against risk currencies as concerns about Greece debt resurfaced and US economic data disappointed. Weekly Jobless Claims were at 496k vs. 455k forecast and… read more
Australian FOREX Daily Outlook 25/02/2010
February 25, 2010Bernanke vows to keep rates low CURRENCY TRADING SUMMARY – 25th February (00:30GMT) U.S. Dollar Trading (USD) was strong as sentiment remained weak in the Asian and European sessions before Bernanke’s speech. The Fed Chief was dovish as expected reiterating that he expects conditions to warrant keeping rates low for… read more
Australian FOREX Daily Outlook 24/02/2010
February 24, 2010US Consumer Confidence Crashes CURRENCY TRADING SUMMARY – 24th February (00:30GMT) U.S. Dollar Trading (USD) gained on safe haven flows as risk aversion spiked higher in the US on very weak US Consumer Confidence falling to 46 in February from 56 previously. The souring of sentiment had already begun in… read more
Australian FOREX Daily Outlook 23/02/2010
February 23, 2010Sideways Trading at the start the week CURRENCY TRADING SUMMARY – 23rd February (00:30GMT) U.S. Dollar Trading (USD) with no economic data out the market suffered from a lack of direction and kept to tight ranges on most pairs. Fed member Yellen was dovish as she reiterated her assessment of… read more
