Weak US Jobs hurt Dollar CURRENCY TRADING SUMMARY –11th January (00:30GMT) U.S. Dollar Trading (USD) weakened considerably across the board as December US jobs numbers missed forecasts. December Non Farms at -85k were expected at 0k. December Unemployment Rate remained at 10.0%. Adding to the USD weakness was the relative… 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 08/01/2010
January 8, 2010Dollar Stabilizes ahead of Key Jobs Data CURRENCY TRADING SUMMARY – 8th January (00:30GMT) U.S. Dollar Trading (USD) found strength as traders took profit on the recent commodity rally and US data showed continued jobs improvement. Weekly Jobless Claims at 434k vs. 447k previously. DJIA +33 points closing at 10606,… read more
Australian FOREX Daily Outlook 07/01/2010
January 7, 2010Oil and Gold Rally CURRENCY TRADING SUMMARY – 7th January (00:30GMT) U.S. Dollar Trading (USD) was on the back foot as commodities rallied and risk appetite remained strong. US data was slightly worse than expected with December Services ISM at 50.1 vs. 50.5 previously and ADP December National Employment at… read more
Australian FOREX Daily Outlook 06/01/2010
January 6, 2010US Pending Homes Sales Slump CURRENCY TRADING SUMMARY – 6th January (00:30GMT) U.S. Dollar Trading (USD) was stronger against almost all currencies except the Yen as weak housing data tempered the risk appetite of the market. November Pending Home Sales -16% vs. -2% m/m forecast. November Factory Orders at 1.1%… read more
Australian FOREX Daily Outlook 05/01/2010
January 5, 2010‘Risk On’ for First day of the New Year CURRENCY TRADING SUMMARY – 5th January (00:30GMT) U.S. Dollar Trading (USD) lost ground against most currencies as the market relapsed into Strong stocks/Weak Dollar mode again on the first day of trading in 2010. December ISM Manufacturing jumped to 55.9 vs…. read more
Australian FOREX Daily Outlook 04/01/2010
January 4, 2010Pound Soars into the New Year CURRENCY TRADING SUMMARY –4th January (00:30GMT) U.S. Dollar Trading (USD) was volatile gaining against most pairs in the US session as Weekly Jobless claims continued to improve, leading to speculation that December Non Farm Payrolls could be positive. US stocks finished lower on profit… read more
Australian FOREX Daily Outlook 31/12/2009
December 31, 2009Pound Soars into the New Year CURRENCY TRADING SUMMARY – 31st December (00:30GMT) U.S. Dollar Trading (USD) had an interesting trading day as strength remained but only against certain currencies. Underpinning the USD was December Chicago PMI jumping to 60.0 vs. 56.1 previously. DJIA +3 points closing at 10548, S&… read more
Australian FOREX Daily Outlook 30/12/2009
December 30, 2009Dollar Buyers Return CURRENCY TRADING SUMMARY – 30th December (00:30GMT) U.S. Dollar Trading (USD) initial Dollar weakness during the European session was reversed aggressively in the US session as Dollar buyers returned in force. Stocks remained buoyant globally and this helped risk currencies such as the AUD outperform. December CB… read more
Australian FOREX Daily Outlook 29/12/2009
December 29, 2009Markets Stable, Oil Higher CURRENCY TRADING SUMMARY – 29th December (00:30GMT) U.S. Dollar Trading (USD) markets returned from the Christmas break in a lackluster mood with recent ranges holding and the action reserved only for Crude Oil. Trading remains thin with little economic data released and many traders away for… read more
Australian FOREX Daily Outlook 24/12/2009
December 24, 2009New Home Sales Slump CURRENCY TRADING SUMMARY – 24th December (00:30GMT) U.S. Dollar Trading (USD) November Home Sales slumped to 355k vs. 442k forecast and invited traders to rethink the recent Dollar rally and the timing of US interest rate hikes. This combined with a significant rally in Oil to… read more
