US Jobs Numbers Disappoint CURRENCY TRADING SUMMARY – 8th February (00:30GMT) U.S. Dollar Trading (USD) continued on its recent strengthening run as stock markets fell further on Friday with the US jobs report doing little to instill fresh investor confidence. January NonFarm Payrolls fell -20k vs. 5k forecast. January Unemployment… 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 05/02/2010
February 5, 2010Euro leads Market Crash CURRENCY TRADING SUMMARY – 5th February (00:30GMT) U.S. Dollar Trading (USD) broad based gains on the back of risk aversion and safe haven flows saw the USD trade at fresh 2010 highs. Stocks crashed as the market was spooked by European Debt concerns and rapid falls… read more
Australian FOREX Daily Outlook 04/02/2010
February 4, 2010US Data Continues To Improve CURRENCY TRADING SUMMARY – 4th February (00:30GMT) U.S. Dollar Trading (USD) reversed losses nicely in the US session as Economic data continued show the worlds largest economy was improving. January ADP Employment change was at -22k vs. -84k previously. January Services ISM also showed improvement… read more
Australian FOREX Daily Outlook 03/02/2010
February 3, 2010Reserve Bank of Australia surprises the Market CURRENCY TRADING SUMMARY – 3rd February (00:30GMT) U.S. Dollar Trading (USD) was weaker in general as stock markets remained positive and commodities continued to rally off recent lows. December Pending Home Sales rose 1% as forecast. In US stocks DJIA +111 points closing… read more
Australian FOREX Daily Outlook 02/02/2010
February 2, 2010Relief Rally Halts Decline CURRENCY TRADING SUMMARY – 2nd February (00:30GMT) U.S. Dollar Trading (USD) opened the week strong in Asia but lost ground gradually across the day as sentiment improved and stocks rallied off lows around the world. Helping sentiment was the large jump in January ISM Manufacturing to… read more
Australian FOREX Daily Outlook 01/02/2010
February 1, 2010US Q4 GDP Soars CURRENCY TRADING SUMMARY – 1st February (00:30GMT) U.S. Dollar Trading (USD) Gained across the board on solid Q4 GDP and fresh risk aversion as US stocks continued to fall. Q4 GDP came in at 5.7% vs. 4.6% forecast. Also strong, UoM Consumer Sentiment at 74.4 vs…. read more
Australian FOREX Daily Outlook 29/01/2010
January 29, 2010‘Risk Off’ as Stock Fall Continues CURRENCY TRADING SUMMARY –29th January (00:30GMT) U.S. Dollar Trading (USD) spent most of the day on the back foot until weak US stocks sent the Dollar rallying against most pairs on renewed risk aversion. December Durable Goods missed at 0.3% vs. 2.0% forecast and… read more
Australian FOREX Daily Outlook 28/01/2010
January 28, 2010US FOMC Hold Rates at 0.25% CURRENCY TRADING SUMMARY –28th January (00:30GMT) U.S. Dollar Trading (USD) was strong for most of the day with stocks markets under pressure in Asia and Europe. The US Session managed a late stock rally after the FOMC held rates at 0.25% and left the… read more
Australian FOREX Daily Outlook 27/01/2010
January 27, 2010China Tightens Bank Lending CURRENCY TRADING SUMMARY –27th January (00:30GMT) U.S. Dollar Trading (USD) gained heavily in Asia as risk aversion spiked on confirmation the Chinese government had asked banks to slow down lending. US stocks shrugged this off however as bargain hunters jumped in at lower levels and economic… read more
Australian FOREX Daily Outlook 26/01/2010
January 26, 2010Markets Calm Down CURRENCY TRADING SUMMARY –26th January (00:30GMT) U.S. Dollar Trading (USD) lost some ground as stock markets rallied off lows and risk aversion fell back. December Home Sales Slumped to 5.45mln vs. 5.9mln forecast. The market sentiment improved with talk that Bernanke would be reconfirmed as Federal Reserve… read more
