USD comes under Pressure CURRENCY TRADING SUMMARY – 18th June (00:30GMT) U.S. Dollar Trading (USD) was unable to gain on the increase in risk aversion as multiple factors weighed. Oil jumped as US inventories dropped by 3.9M. US Current Accountcontinued to worsen -101B vs. -85B forecast. US CPI jumped up… 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 17/06/2009
June 17, 2009BRIC meeting Hurts Dollar CURRENCY TRADING SUMMARY – 17th June (00:30GMT) U.S. Dollar Trading (USD) was very strong in Asia as the Nikkei slumped from the opening following the negative lead from America. In Europe, talk that Russia would be discussing the USD at the BRIC meeting sent the Euro… read more
Australian FOREX Daily Outlook 16/06/2009
June 16, 2009EURO under Pressure CURRENCY TRADING SUMMARY – 16th June (00:30GMT) U.S. Dollar Trading (USD) enjoyed gains all day as the Euro led the majors lower. Oil came off 2% along with Gold and Copper. Stocks were also hit hard by profit taking and helped stoke safe haven buying. TIC long… read more
Australian FOREX Daily Outlook 15/06/2009
June 15, 2009USD strengthens into the weekend CURRENCY TRADING SUMMARY – 15th June (00:30GMT) U.S. Dollar Trading (USD) the market took the cue of global Finance ministers who talked up the dollar on Friday and prompted profit taking form Oil to Gold. Crude Oil closed down $0.64 to finish the day at… read more
Australian FOREX Daily Outlook 12/06/2009
June 12, 2009US stocks hit Year High CURRENCY TRADING SUMMARY – 12th June (00:30GMT) U.S. Dollar Trading (USD) came under pressure across the board as a jump in shares helped increase risk appetite. May Retail Sales rose 0.5% vs. 0.6% forecast. Commodities also rallied with Oil jumping to $73 a barrel after… read more
Australian FOREX Daily Outlook 11/06/2009
June 11, 2009USD Higher on Profit taking CURRENCY TRADING SUMMARY – 11th June (00:30GMT) U.S. Dollar Trading (USD) managed to end slightly higher after rebounding off lows set in the European session. A good US treasury Auction helped the USD gain for the rest of the day. US stocks couldn’t manage the… read more
Australian FOREX Daily Outlook 10/06/2009
June 10, 2009CURRENCY TRADING SUMMARY – 10th June (00:30GMT) U.S. Dollar Trading (USD) resumed weakening after a brief period of strengthening as speculation of future rate hikes in the US were dampened. In a survey of the major US bond traders all 16/16 thought the US would not raise rates this year…. read more
Australian FOREX Daily Outlook 09/06/2009
June 9, 2009Ireland Downgrade Rocks Euro CURRENCY TRADING SUMMARY – 9th June (00:30GMT) U.S. Dollar Trading (USD) continued where it left off on Friday and gained heavily against most currencies. Stocks were mixed, as were metals with Oil bouncy but copper struggling under heaving profit taking. Markets were quieter than usual with… read more
Australian FOREX Daily Outlook 08/06/2009
June 8, 2009USD Finds Strength in Job Numbers CURRENCY TRADING SUMMARY – 8th June (00:30GMT) U.S. Dollar Trading (USD) staged a major rally in the face of increased risk aversion as US data prompted USD buying. Risk appetite was left to the USD/JPY which surged nearly 200 pips higher on the back… read more
Australian FOREX Daily Outlook 05/06/2009
June 5, 2009Pound hurt on PM rumors CURRENCY TRADING SUMMARY – 5th June (00:30GMT) U.S. Dollar Trading (USD) was relatively unchanged against most pairs as the large moves seen on Wednesday night were consolidated. The major move seen in the market was the GBP/USD which fell aggressively after rumors spread through the… read more
