Geithner helps Banks stocks rally CURRENCY TRADING SUMMARY – 22nd April (00:30GMT) U.S. Dollar Trading (USD) gave up some of the strength gained on Monday when the Treasury Secretary Geithner testified that the vast majority of US banks have more capital than required and that the credit markets are improving…. 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 21/04/2009
April 21, 2009Resurgence of Risk CURRENCY TRADING SUMMARY – 21st April (00:30GMT) ·U.S. Dollar Trading (USD) traded higher with US stocks tumbling after negative leads from the Asian and European sessions. Relentless USD buying helped the Euro to crack 1.3000 and dragged the Aussie over 2 cents lower to break through 0.7000…. read more
Australian FOREX Daily Outlook 17/04/2009
April 17, 2009China GDP slowing CURRENCY TRADING SUMMARY – 17th April (00:30GMT) ·U.S. Dollar Trading (USD) had a mixed day as selling pressure on the back of buoyant stocks competed against the news of a slowing Chinese economy. March House Starts came in at 0.51m vs. 0.54m forecast. Banking results helped to… read more
Australian FOREX Daily Outlook 16/04/2009
April 16, 2009Banks lead US stock Rally CURRENCY TRADING SUMMARY – 16th April (00:30GMT) ·U.S. Dollar Trading (USD) the Dollar gained in Asia as stocks came under pressure for the second day in that region. Most of the gains were given up in the US session as equities bounced into the close…. read more
Australian FOREX Daily Outlook 15/04/2009
April 15, 2009US Retail Sales Miss the Mark CURRENCY TRADING SUMMARY – 15th April (00:30GMT) ·U.S. Dollar Trading (USD) took advantage of heavy profit taking in Asian Stocks and weakness in US stocks to finish stronger against the Euro and high yielding currencies. US Retail Sales were the major drag on the… read more
Australian FOREX Daily Outlook 14/04/2009
April 14, 2009Positive News from US Banks CURRENCY TRADING SUMMARY – 14th April (00:30GMT) ·U.S. Dollar Trading (USD) abruptly reversed direction weakening nearly all day as Global stocks reacted to Chinese/Japanese stimulus plans along with speculation US bank earnings would beat forecasts. Goldman Sachs Q1 beat expectations at $3.39 vs. $1.64 forecast…. read more
Australian FOREX Daily Outlook 13/04/2009
April 13, 2009Easter Markets Quiet but buoyant CURRENCY TRADING SUMMARY – 13th April (00:30GMT) ·U.S. Dollar Trading (USD) managed to make decent gains even as risk appetite improved with global stock gains. EURO weakness kept all the majors under pressure with high yielder’s such as the Aussie the only currencies to break… read more
Australian FOREX Daily Outlook 09/04/2009
April 9, 2009FOMC Minutes points to Further Pain CURRENCY TRADING SUMMARY – 9th April (00:30GMT) ·U.S. Dollar Trading (USD) received support as the Nikkei came under pressure during the Asian session before giving up gains as US stocks rallied from the opening bell. The FOMC minutes took some shine off the stock… read more
Australian FOREX Daily Outlook 08/04/2009
April 8, 2009Markets ease for a Second Day CURRENCY TRADING SUMMARY – 8th April (00:30GMT) ·U.S. Dollar Trading (USD) the USD started to accelerate gains after Global stocks slipped again. Concerns over GM and Banks rekindled some risk aversion supporting the Dollar. February Consumer Credit forecast at -1Bn came in at -7.48Bn… read more
Australian FOREX Daily Outlook 07/04/2009
April 7, 2009Profit taking weighs on Markets CURRENCY TRADING SUMMARY – 7th April (00:30GMT) ·U.S. Dollar Trading (USD) the USD gained some traction yesterday as the market took profit from multi month highs on concerns that not all is well with US banks. George Soros also weighed in and commented that the… read more
