China Crashes, Oil Soars CURRENCY TRADING SUMMARY – 20th August (00:30GMT) U.S. Dollar Trading (USD) was extremely strong in Asia as China dropped -5% and risk aversion stepped up a notch. Europe stabilized before US stocks reversed stock direction and rallied on the back of Oil up 5%. The Dollar… 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 19/08/2009
August 19, 2009US stocks Rally, Oil Bounces CURRENCY TRADING SUMMARY – 19th August (00:30GMT) U.S. Dollar Trading (USD) lost some ground as risk aversion abated and markets around the world bounced. Oil rallied over 5% as Chinese optimism returned and a report about US Oil Inventories inspiring fresh buying. July Build Permits… read more
Australian FOREX Daily Outlook 18/08/2009
August 18, 2009China Leads Global Stock Fall CURRENCY TRADING SUMMARY – 18th August (00:30GMT) U.S. Dollar Trading (USD) enjoyed the continued pullback in global markets, higher against all currencies except the Yen. June TICS flows jumped 90bn vs 17bn forecast as foreign investors poured into US Treasury Bonds. Commodities continued to slide… read more
Australian FOREX Daily Outlook 17/08/2009
August 17, 2009US Consumer Confidence Slumps CURRENCY TRADING SUMMARY – 17th August (00:30GMT) U.S. Dollar Trading (USD) strengthened into the weekend on fresh risk aversion caused by heavy losses on Chinese stocks and a sharp drop in US consumer confidence to 63.2 vs. 68.5 expected in August. Also helping the dollar were… read more
Australian FOREX Daily Outlook 14/08/2009
August 14, 2009German GDP Turns Positive CURRENCY TRADING SUMMARY – 14th August (00:30GMT) U.S. Dollar Trading (USD) came under pressure as the outlook changed dramatically on weaker than expected Retail Sales and strong EU GDP in an environment of strong risk appetite. The Dollar fell back into the old correlation of stocks… read more
Australian FOREX Daily Outlook 13/08/2009
August 13, 2009Wild Ride on Markets CURRENCY TRADING SUMMARY – 13th August (00:30GMT) U.S. Dollar Trading (USD) tested both sides of the market yesterday with USD strength in Asia on the back of risk aversion being negated by a massive reversal in US stocks. The FOMC met and held at 0.25%. The… read more
Australian FOREX Daily Outlook 12/08/2009
August 12, 2009Financial stocks down, Yen Gains CURRENCY TRADING SUMMARY – 12th August (00:30GMT) U.S. Dollar Trading (USD) the dollar was mixed today ending little changed against the EURO and GBP but losing ground against the risk sensitive Yen. Gains were seen against commodity currencies such as the CAD with Oil breaking… read more
Australian FOREX Daily Outlook 11/08/2009
August 11, 2009USD Strength Continues, Stock Rally Stalls CURRENCY TRADING SUMMARY – 11th August (00:30GMT) U.S. Dollar Trading (USD) the Dollar continued to strengthen following on from Friday’s large move. Helping the cause was sluggish stocks and weak commodities. With little data the market was quiet and focus turned the coming FOMC… read more
Australian FOREX Daily Outlook 10/08/2009
August 10, 2009US Unemployment Rate Drops in July CURRENCY TRADING SUMMARY – 10th August (00:30GMT) U.S. Dollar Trading (USD) broke some usual correlations with strong stocks resulting in USD strength on the back of US Unemployment Data. July Unemployment rate at 9.4% vs. 9.6% expected and Non Farm Payrolls at -247k vs…. read more
Australian FOREX Daily Outlook 7/08/2009
August 7, 2009BOE Expands Quantitative Easing CURRENCY TRADING SUMMARY – 7th August (00:30GMT) U.S. Dollar Trading (USD) strengthened as profit taking on the stock markets led to a mild case of risk aversion. GBP losses added to USD strength and caution ahead of non farm payrolls also played into the dollar’s hands…. read more
