Sharp recovery as Obama hits the ground running CURRENCY TRADING SUMMARY – 22nd January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) had a volatile trading day with the market testing the previous day’s highs but spent most of the day consolidating gains. Shares rallied hard into the close and this helped… 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 21/01/2009
January 21, 2009Banking stocks Slammed in US CURRENCY TRADING SUMMARY – 21st January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) Accelerated recent gains as Key levels on multiple majors were breached. US banking sector fell 20% as European banking concerns overflowed onto the US. Barack Obama became the 44th President of the USA… read more
Australian FOREX Daily Outlook 20/01/2009
January 20, 2009RBS losses Rock European Markets CURRENCY TRADING SUMMARY – 20th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) enjoyed major gains against the EURO and GBP as bad news out of Europe hurt their respective currencies. European stocks were also hurt by the negative news but follow on effects in the… read more
Australian FOREX Daily Outlook 19/01/2009
January 19, 2009Markets searching for direction CURRENCY TRADING SUMMARY – 19th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) had a volatile trading session initially weakening throughout the day as markets gained confidence and equities markets rallied in Europe and Asia. Weak US data and concerns about Citibank and Bank of American sent… read more
Australian FOREX Daily Outlook 16/01/2009
January 16, 2009Europe Cuts Rates by 0.5% CURRENCY TRADING SUMMARY – 16th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed although it did find strength in weak Oil and risk aversion. US data was mixed with Weekly Jobless claims jumping up 524K vs. 500K forecast. December PPI dropped -1.9% vs. -2%… read more
Australian FOREX Daily Outlook 15/01/2009
January 15, 2009Equities plummet on weak US Retail Sales CURRENCY TRADING SUMMARY – 15th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) continued to be well supported even as US data showed a major slowing in demand. December Retail Sales dropped -2.7% vs. -1.2% forecast as Christmas sales didn’t live up to hopes…. read more
Australian FOREX Daily Outlook 14/01/2009
January 14, 2009USD finds strength in safety CURRENCY TRADING SUMMARY – 14th January 2009 (00:30GMT) U.S. Dollar Trading (USD) weak Asian stocks led to further strength in both the Yen and Dollar. High Yielder’s were especially hard hit as risk aversion spiked higher. US Trade Balance beat expectations in November at -40bn… read more
Australian FOREX Daily Outlook 13/01/2009
January 13, 2009Downside Gaining Momentum as Concerns Return CURRENCY TRADING SUMMARY – 13th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) made continued gains as safe haven demand for the USD reemerged. Equities were weak on recession concerns which spilled over to commodities. US earning begin this week and most are expecting weak… read more
Australian FOREX Daily Outlook 12/01/2009
January 12, 2009US Unemployment hits 15 year high in December CURRENCY TRADING SUMMARY – 12th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) gained into the weekend as Unemployment figures came in poor but not as bad as some had feared. The USD had been under pressure since Wednesday on the back of… read more
Australian FOREX Daily Outlook 09/01/2009
January 9, 2009Obama Talks about Economy ahead of Jobs Data CURRENCY TRADING SUMMARY – 9th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) continued to weaken as the market factored in a weak data for the US ahead of Fridays Unemployment numbers. Weekly Jobless Claims fell for a second week at 467K vs…. read more
