ECB and BoE cut rates, US Automakers in Focus CURRENCY TRADING SUMMARY – 5th December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) weakened across the board as aggressive rate cuts around the world helped to improve global sentiment. US stocks weakened in the final hour going into the Nonfarm Payroll number… 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 04/12/2008
December 4, 2008US stocks gain on Mortgage data. ECB and BOE today CURRENCY TRADING SUMMARY – 4th December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a mixed day gaining as European stocks weakened before reversing in the US session as a record rise in mortgage applications buoyed the market. Weekly MBA Mortgage… read more
Australian FOREX Daily Outlook 03/12/2008
December 3, 2008Markets Recover lead by GE surge CURRENCY TRADING SUMMARY – 3rd December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) the market responded well to comments from Fed Chief Bernanke that if US rates could not be cut further than other more unconventional methods may be considered to support the economy. Stocks… read more
Australian FOREX Daily Outlook 02/12/2008
December 2, 2008US Stocks Crash on Recession Confirmation CURRENCY TRADING SUMMARY – 2nd December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) benefited from a major reversal of market mood as US stocks slumped. The drop lower was precipitated by a very weak Manufacturing PMI coming in at 36.2 in November. New Orders component… read more
Australian FOREX Daily Outlook 01/12/2008
December 1, 2008Euro weakens ahead of ECB this week CURRENCY TRADING SUMMARY – 1st December 2008 (00:30GMT) ·U.S. Dollar Trading (USD) finished the weak on the front foot as Euro weakness helped the USD to gain against most majors. US stocks rallied for the 4th time this week up over 12% on… read more
Australian FOREX Daily Outlook 28/11/2008
November 28, 2008Calm Markets with US away, Black Friday today CURRENCY TRADING SUMMARY – 28th November 2008 (00:30GMT) ·U.S. Dollar Trading (USD) with US away on Thanksgiving Holidays the market saw compressed range bound trading. No data was released and US Stock markets were closed. Crude Oil closed down $0.40 ending the… read more
Australian FOREX Daily Outlook 27/11/2008
November 27, 20084th day of US stock gains ahead of Thanksgiving Holiday CURRENCY TRADING SUMMARY – 27th November 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to maintain strength even as Oil and Stocks rallied. The Economic data released was extremely weak, with Personal spending falling -1% and October Durable goods orders… read more
Australian FOREX Daily Outlook 26/11/2008
November 26, 2008Fed Unveils $800B Consumer Loan Program CURRENCY TRADING SUMMARY – 26th November 2008 (00:30GMT) ·U.S. Dollar Trading (USD) came under pressure after details emerged of a new FED program that will buy $800 billion in GSE mortgage backed debt and offer another $200 Billion in a new program designed to… read more
Australian FOREX Daily Outlook 25/11/2008
November 25, 2008Citigroup Bailout stirs another stock market rally CURRENCY TRADING SUMMARY – 25th November 2008 (00:30GMT) ·U.S. Dollar Trading (USD) weakened broadly as the market enjoyed a second day of good stock markets gains. News that Citigroup would be receiving a US20bn capital injection sent that stock up 60%. The Govt…. read more
Australian FOREX Daily Outlook 24/11/2008
November 24, 2008Obama’s New Economic Plan Stokes Rally CURRENCY TRADING SUMMARY – 24th November 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was weakened by a reversal in market mood late on Friday as stocks across the world rallied and investor fears eased. The announcement of Tim Geithner was generally seen as positive by… read more
