US Jobs Data rekindles market fear CURRENCY TRADING SUMMARY – 8th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened across the board as the December Private ADP Jobs report suggested -693K job losses vs. -473K forecast. Stocks slumped on concerns the economic slowdown will be longer than first thought. Oil… 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 07/01/2009
January 7, 2009Eurozone Inflation drops to 26 year low CURRENCY TRADING SUMMARY – 7th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed again today gaining against the EUR and JPY but losing ground to most others. US economic data was weak with Durable Goods Orders falling -1.5% in November and Pending… read more
Australian FOREX Daily Outlook 06/01/2009
January 6, 2009Euro and Gold loses support CURRENCY TRADING SUMMARY – 6th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) found strength against the Euro and JPY but lost ground against most other currencies which rebounded with improving market sentiment and rebound in commodity demand. US Construction Spending dropped by less than expected… read more
Australian FOREX Daily Outlook 05/01/2009
January 5, 2009Markets rally on the first day of 2009 CURRENCY TRADING SUMMARY – 5th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) started the year higher in a surprising move given the large rally in stocks and Oil. Economic data showed another contraction in US manufacturing with the December ISM slumping to… read more
Australian FOREX Daily Outlook 02/01/2009
January 2, 2009Markets end the year on a high note, USD mixed CURRENCY TRADING SUMMARY – 2nd January 2009 (00:30GMT) U.S. Dollar Trading (USD) was mixed as stock rallied into the year’s end and commodities rebounded on 2009 hopes. The Dollar gained against the JPY but lost to high yielder’s such as… read more
Australian FOREX Daily Outlook 31/12/2008
December 31, 2008Stocks Rally into the New Year CURRENCY TRADING SUMMARY – 31st December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) stock markets rallied but economic data kept the USD weak. Stocks reacted positively to news that GM would receive $6bn for its car financing arm from the TARP. December Consumer Confidence fell… read more
Australian FOREX Daily Outlook 30/12/2008
December 30, 2008Oil Surges on Middle East Conflict CURRENCY TRADING SUMMARY – 30th December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) came under pressure initially as Oil and Gold surged in Asia on reports of escalating conflict in the Gaza Strip. Gold was up over $20 an ounce at one stage and Oil… read more
Australian FOREX Daily Outlook 29/12/2008
December 29, 2008Thin Trading over Christmas, Commodities Rally CURRENCY TRADING SUMMARY – 29th December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) very quiet trading with Europe away and thin equity markets in Japan and US. Most of the action was reserved for the commodity front with Oil and Gold rising on fresh geopolitical… read more
Australian FOREX Daily Outlook 24/12/2008
December 24, 2008No Presents for the Market this Christmas CURRENCY TRADING SUMMARY – 24th December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) managed small gains again today as the market shrugged off bad economic data and year end demand favored the Dollar. US GDP was confirmed at -0.5% and University of Michigan Dec… read more
Australian FOREX Daily Outlook 23/12/2008
December 23, 2008China cuts rates, Japan Away Today CURRENCY TRADING SUMMARY – 23rd December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) traded in a range against the majors but still managed to make small gains. Oil continued to fall but gold and copper gained on the news that China cut rates by 27bps…. read more
