USD still weak, EURO and Commodity currencies pounce. CURRENCY TRADING SUMMARY – 13th October (00:30GMT) U.S. Dollar Trading (USD) was mixed on Monday despite US Columbus Day Holidays. The Dollar declined against the EUR and commodity currencies following ongoing concerns regarding USD reserve status. The dollar was further weighed upon… 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 12/10/2009
October 12, 2009Bernanke is ready if the economy is. CURRENCY TRADING SUMMARY – 12th October (00:30GMT) U.S. Dollar Trading (USD) traded higher against a number of majors as Fed Chairman Bernanke signaled that rates would tighten once the economy improves, although accommodative policy would likely be needed for an extended period. Hence… read more
Australian FOREX Daily Outlook 09/10/2009
October 9, 2009ECB and BoE hold rates. CURRENCY TRADING SUMMARY – 9th October (00:30GMT) U.S. Dollar Trading (USD) fell on Thursday pressured by gains in US equities following a better than expected earnings forecast from Alcoa, improving risk appetite and outlook for recovery. In data specific news, Initial Jobless claims declined by… read more
Australian FOREX Daily Outlook 07/10/2009
October 7, 2009RBA first to pull the trigger, as XAU trades at record high of 1,043 CURRENCY TRADING SUMMARY – 7th October (00:30GMT) U.S. Dollar Trading (USD) slipped to record lows versus Gold following speculation that Arab states were in secret meetings to trade Oil in non-Dollar denominated contracts, ending the use… read more
Australian FOREX Daily Outlook 06/10/2009
October 6, 2009G7 fails to call for a stronger USD. AUD still on target CURRENCY TRADING SUMMARY – 6th October (00:30GMT) U.S. Dollar Trading (USD) lost further ground despite ISM services rising from 48.4 to 50.9 for the first time since September 2008. Such figures help share markets shrugging off the disappointment… read more
Australian FOREX Daily Outlook 02/10/2009
October 2, 2009US Stocks Plunge CURRENCY TRADING SUMMARY – 2nd October (00:30GMT) U.S. Dollar Trading (USD) found strength in Adversity as risk trades were pared back overnight. US stocks fell the most in 3 months on the first day of the quarter as data missed expectations. US September ISM manufacturing was at… read more
Australian FOREX Daily Outlook 1/10/2009
October 1, 2009Oil Soars Above $70 a barrel CURRENCY TRADING SUMMARY – 1st October (00:30GMT) U.S. Dollar Trading (USD) lost ground after a few days of strength and consolidation. Commodity currencies led the rally against the Dollar with AUD/USD breaking fresh year highs. US Data was surprisingly weak with September ADP Employment… read more
Australian FOREX Daily Outlook 30/09/2009
September 30, 2009USD Getting Support Talk CURRENCY TRADING SUMMARY – 30th September (00:30GMT) U.S. Dollar Trading (USD) gained as Officials in Japan and the European Union continued to support the Dollar and traders took risk off the table as US consumer data sparked fresh concerns. September Consumer Confidence slipped to 53.1 vs…. read more
Australian FOREX Daily Outlook 29/09/2009
September 29, 2009US Stocks Rebound on M& A action CURRENCY TRADING SUMMARY – 29th September (00:30GMT) U.S. Dollar Trading (USD) found strength in Asia on Nikkei losses (-2.5%) but had a very volatile day against the Yen. A sharpy reversal in Sentiment in the US session from a substantial broad based rally… read more
Australian FOREX Daily Outlook 28/09/2009
September 28, 2009US stocks fall for a third day CURRENCY TRADING SUMMARY – 28th September (00:30GMT) U.S. Dollar Trading (USD) failed to gain from the fall in stocks although any weakness in Majors was mild except for the USD/JPY. Oil was also able to bounce after heavy losses during the week as… read more
