Greece Downgrade Rekindles Fear CURRENCY TRADING SUMMARY – 9th December (00:30GMT) U.S. Dollar Trading (USD) enjoyed the fruits of bad news with the Greece rating downgrade putting pressure on the Euro and fresh Dubai fears hurting the GBP. US stocks fell along with most global stocks as risk aversion increased…. 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 08/12/2009
December 8, 2009Bernanke Halts Dollar Rally CURRENCY TRADING SUMMARY – 8th December (00:30GMT) U.S. Dollar Trading (USD) continued Friday’s rally in Europe with the Euro breaking below 1.4800 for fresh 5 week lows before a speech from Ben Bernanke signaled that the markets speculation about the timing of US interest rate hikes… read more
Australian FOREX Daily Outlook 07/12/2009
December 7, 2009US Jobs Data Surprises, Dollar Jumps CURRENCY TRADING SUMMARY – 7th December (00:30GMT) U.S. Dollar Trading (USD) widespread USD buying was seen as November Unemployment Data shocked to the upside. November Non Farm Payrolls dropped -11k vs. -130k forecast and the Unemployment rate fell to 10.0% vs 10.2% forecast. USD… read more
Australian FOREX Daily Outlook 04/12/2009
December 4, 2009Yen Weakness helping the USD CURRENCY TRADING SUMMARY – 4th December (00:30GMT) U.S. Dollar Trading (USD) held steady against most pairs but gained against the Yen as the Japanese government stepped up it rhetoric and the market covers significant short positions on the USD/JPY. US stocks closed on a weak… read more
Australian FOREX Daily Outlook 03/12/2009
December 3, 2009Gold Rally Accelerates, ECB Ahead CURRENCY TRADING SUMMARY – 3rd December (00:30GMT) U.S. Dollar Trading (USD) made small gains across nearly the whole board as profit taking hit and stocks fell back slightly. ADP November Employment was at -169k vs. -155k forecast. Crude Oil Inventories were quite weak at 2.1mln… read more
Australian FOREX Daily Outlook 02/12/2009
December 2, 2009Gold Tops $1200 an Ounce CURRENCY TRADING SUMMARY – 2nd December (00:30GMT) U.S. Dollar Trading (USD) never gained traction as global stocks markets roared back to life and risk was put ‘back on’. November ISM Manufacturing was weaker than forecast at 53.6 vs. 55.7 but this offset by October Pending… read more
Australian FOREX Daily Outlook 01/12/2009
December 1, 2009Market Gyrations Continue CURRENCY TRADING SUMMARY – 1st December (00:30GMT) U.S. Dollar Trading (USD) opened up in Asia on the back foot as risk was put back on with the UAE Central Bank’s plan to help and Asian stocks rallying over 2%. Europe was weaker and with US stocks also… read more
Australian FOREX Daily Outlook 30/11/2009
November 30, 2009UAE Central Bank steps in to help Dubai CURRENCY TRADING SUMMARY – 30th November (00:30GMT) U.S. Dollar Trading (USD) was extremely volatile as stock markets around the world went on a roller coaster ride with Asia stocks down over 3% and then European and US stock recovering late in the… read more
Australian FOREX Daily Outlook 27/11/2009
November 27, 2009Dubai Debt Crisis Shakes Markets CURRENCY TRADING SUMMARY – 27th November (00:30GMT) U.S. Dollar Trading (USD) with the US away the market was expecting a quiet day but as Nikkei losses extended into the afternoon and the focus switched to a new crisis emerging in the middle east debt market,… read more
Australian FOREX Daily Outlook 26/11/2009
November 26, 2009Gold Rush Continues CURRENCY TRADING SUMMARY – 26th November (00:30GMT) U.S. Dollar Trading (USD) with the FOMC minutes confirming a low rate outlook for some time the market took this as a signal to sell the USD and during the day key levels were broken across the board whilst Gold… read more
