US Federal Reserve in No Rush CURRENCY TRADING SUMMARY – 25th November (00:30GMT) U.S. Dollar Trading (USD) had a mixed day with strength in Asia being reversed in the US session with stocks once again bouncing off lows and FOMC minutes showing the FED is in no rush to raise… 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 24/11/2009
November 24, 2009Gold Leads Fresh Rally CURRENCY TRADING SUMMARY – 24th November (00:30GMT) U.S. Dollar Trading (USD) strong data and a surge in Gold prices helped sellers of the USD push the pair lower against nearly all pairs. US October Existing Home Sales were 6.1Mln vs. 5.7Mln previously. Improved risk sentiment did… read more
Australian FOREX Daily Outlook 23/11/2009
November 23, 2009USD Carry Trade Under Threat CURRENCY TRADING SUMMARY – 23rd November (00:30GMT) U.S. Dollar Trading (USD) finished the weak on a strong footing with fresh multi-week highs against the Euro, GBP and AUD. Talk in the markets is of traders closing out short USD positions ahead of the end of… read more
Australian FOREX Daily Outlook 20/11/2009
November 20, 2009Big pull back in Global stocks CURRENCY TRADING SUMMARY – 20th November (00:30GMT) U.S. Dollar Trading (USD) was very strong for most of the day as stocks around the world suffered from heavy profit taking and concerns of new bubbles in assets. Weekly Jobless claims were at forecasts of 505k… read more
Australian FOREX Daily Outlook 19/11/2009
November 19, 2009Gold Trades above $1150 CURRENCY TRADING SUMMARY – 19th November (00:30GMT) U.S. Dollar Trading (USD) eased for most of the day as the recent strength proved temporary and US stocks remained well supported near highs. Fed Speaker Bullard did little to help the USD with his comments that US rates… read more
Australian FOREX Daily Outlook 18/11/2009
November 18, 2009EURO bows to resurgent USD CURRENCY TRADING SUMMARY – 18th November (00:30GMT) U.S. Dollar Trading (USD) took charge of the market with Bernanke’s comments being endorsed by ECB President Trichet to send the EURO lower and USD stronger across the board. Even as US stocks closed at year highs, risk… read more
Australian FOREX Daily Outlook 17/11/2009
November 17, 2009Bernanke Comments on Dollar CURRENCY TRADING SUMMARY – 17th November (00:30GMT) U.S. Dollar Trading (USD) was on the back foot for most of the day as Global equities remained buoyant in the wake of the APEC meeting confirming stimulus and declining to comment on the USD. Fed Chief Bernanke did… read more
Australian FOREX Daily Outlook 16/11/2009
November 16, 2009USD Weakness Resumes CURRENCY TRADING SUMMARY – 16th November (00:30GMT) U.S. Dollar Trading (USD) gave back most of the gains from Thursday as US stocks rebounded and Gold led the charge higher. US Trade deficit in September widened to -$36.5bn vs. -$31bn forecast. University of Michigan Consume Sentiment was also… read more
Australian FOREX Daily Outlook 13/11/2009
November 13, 2009USD strong as Stocks pull back CURRENCY TRADING SUMMARY – 13th November (00:30GMT) U.S. Dollar Trading (USD) gained across the board as USD shorts covered on the back of falling stocks and comments from Chinese Premier Wen Jiabao that the global recovery road will be bumpy. Also supporting the dollar… read more
Australian FOREX Daily Outlook 12/11/2009
November 12, 2009Pound Hit by King’s comments CURRENCY TRADING SUMMARY – 12th November (00:30GMT) U.S. Dollar Trading (USD) hit fresh lows on the dollar index breaking through 75 to fresh lows this year. Gold continued to edge higher in light trade with the US away. Stocks finished higher across the board but… read more
