Major USD reversal CURRENCY TRADING SUMMARY – 4th June (00:30GMT) U.S. Dollar Trading (USD) enjoyed a positive day on the back of large corrections on multiple currencies. Large moves in Europe were seen on the back of combined statements from the Japan, India, Korea and China all supporting US debt…. 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 03/06/2009
June 3, 2009USD continues to buckle CURRENCY TRADING SUMMARY – 3rd June (00:30GMT) U.S. Dollar Trading (USD) felt more pressure as investors continued to pressure the Dollar on the back of more rumblings from Asian disquiet with US debt. Pending Home sales kept the mood in the market positive with April up… read more
Australian FOREX Daily Outlook 02/06/2009
June 2, 2009Dollar weakness continues CURRENCY TRADING SUMMARY – 2nd June (00:30GMT) U.S. Dollar Trading (USD) a triple barrage of higher risk appetite, commodity prices and higher stocks sent the dollar to fresh year lows. ISM manufacturing improved to 42.8 vs. 42.5 forecast at the economy continues to rebound. Oil continued to… read more
Australian FOREX Daily Outlook 01/06/2009
June 1, 2009CURRENCY TRADING SUMMARY – 1st June (00:30GMT) U.S. Dollar Trading (USD) came under severe pressure as major levels were broken throughout the day. The Euro led the charge as the key level of 1.4000 gave way and bullish data from India and Japan underpinned the move higher. Fitch revised California’s… read more
Australian FOREX Daily Outlook 29/05/2009
May 29, 2009Yen drops on Investor Optimism CURRENCY TRADING SUMMARY – 29th May (00:30GMT) U.S. Dollar Trading (USD) enjoyed another brief bounce in the Asian session as investor concerns about the GM bankruptcy and weak stocks weigh on sentiment. The main source of gains was against the Yen which came under heavy… read more
Australian FOREX Daily Outlook 28/05/2009
May 28, 2009USD rebounds off lows CURRENCY TRADING SUMMARY – 28th May (00:30GMT) U.S. Dollar Trading (USD) tested new lows in the Asian and European sessions before rebounding sharply into the close of the day. US stocks sold off in the afternoon on the back of rising US Treasury Yields hurting investor… read more
Australian FOREX Daily Outlook 27/05/2009
May 27, 2009Volatile Return of Risk Aversion CURRENCY TRADING SUMMARY – 27th May (00:30GMT) U.S. Dollar Trading (USD) tested both sides of the market with early strength reversing sharply in the US. Better than expected May CB Consumer Confidence at 54.9 vs. 42 forecast was the main catalyst for the reversal. Concerns… read more
Australian FOREX Daily Outlook 26/05/2009
May 26, 2009US Memorial Day keeps Monday Quiet CURRENCY TRADING SUMMARY – 26th May (00:30GMT) U.S. Dollar Trading (USD) finished the day broadly unchanged as holidays in the UK and USA kept volume low. Some action was seen in Asia as news of a Nuclear test from North Korea caused risk aversion… read more
Australian FOREX Daily Outlook 25/05/2009
May 25, 2009Euro Breaks 1.4000 CURRENCY TRADING SUMMARY – 25th May (00:30GMT) U.S. Dollar Trading (USD) with the market still in sell dollar mode the major EUR/USD level at 1.400 was tested for the first time since January. Quiet stocks kept the market focused on the AAA rating story that is responsible… read more
Australian FOREX Daily Outlook 22/05/2009
May 22, 2009Ratings Rock Pound and Dollar CURRENCY TRADING SUMMARY – 22nd May (00:30GMT) U.S. Dollar Trading (USD) fell heavily for the second day as concern for the US’s AAA rating saw investors dump the dollar. Weak US stocks did little to help and the link between the two has weakened. Weekly… read more
