Bank of England facing inflation Crisis, Aussie grinding higher. CURRENCY TRADING SUMMARY – 18th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) mixed data kept most of the majors in a fairly tight range. May Housing starts were slightly less than forecasted coming in at .975 Million vs. a revised April… 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 17/06/2008
June 17, 2008Oil rocking and rolling, US data disappoints as May PPI looms CURRENCY TRADING SUMMARY – 17th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) lost some ground yesterday as Crude Oil surged on more Israel/Iran sabre rattling. Oil spiked briefly to a new record high of $139.89 before easing to end… read more
Australian FOREX Daily Outlook 16/06/2008
June 16, 2008US CPI points to inflation pressures, Dollar gains CURRENCY TRADING SUMMARY – 16th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) firmed on Friday as inflation fears were confirmed by US CPI data for May coming in at 0.6% up from April’s 0.2%. Food and energy which tends to be quite… read more
Australian FOREX Daily Outlook 13/06/2008
June 13, 2008Retail Sales rebound on US consumer strength. CURRENCY TRADING SUMMARY – 13th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) the much anticipated May Retail Sales didn’t disappoint coming in much stronger than anticipated at 1.0% vs. 0.5%. Combined with upward revisions in March and April the numbers paint a resilient… read more
Australian FOREX Daily Outlook 12/06/2008
June 12, 2008Fresh banking concerns drop Stocks and Dollar. Oil rebounds on high demand CURRENCY TRADING SUMMARY – 12th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rally stalled yesterday as fresh gains in Crude Oil and more banking loss rumors sent stocks lower. The US Oil Inventory Report saw its fourth week… read more
Australian FOREX Daily Outlook 11/06/2008
June 11, 2008US Dollar gets a Bernanke bounce CURRENCY TRADING SUMMARY – 11th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) received a massive boost yesterday as Fed Chairman Ben Bernanke ramped up his anti-inflation rhetoric. In his strongest wording to date he emphasized that the FED will strongly resist inflationary pressures whilst… read more
Australian FOREX Daily Outlook 10/06/2008
June 10, 2008Dollar regains ground on intervention and inflation talk. CURRENCY TRADING SUMMARY – 10th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to recover after Friday’s drubbing on more talk from US government officials. Treasury Secretary Paulson commented that FX intervention is a policy tool that is never taken off… read more
Australian FOREX Daily Outlook 09/06/2008
June 9, 2008Record jump in Crude Oil as US Unemployment Rate sinks Dollar CURRENCY TRADING SUMMARY – 9th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was hurt considerable after Friday’s jobs data showed a large increase in the US Unemployment Rate from 5.0% to 5.5%. The NonFarm payroll number was slightly better… read more
Australian FOREX Daily Outlook 06/06/2008
June 6, 2008Trichet talks rate hikes and inflation risks, Euro and Crude Oil surge. CURRENCY TRADING SUMMARY – 6th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) after trading near weekly highs against all the majors early in the European session the dollar had an abrupt turn last night on the back of… read more
Australian FOREX Daily Outlook 05/06/2008
June 5, 2008US Economic Data Stabilizing, Dollar strengthening. ECB and BoE interest rates in focus. CURRENCY TRADING SUMMARY – 5th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) held recent strong gains on the back of improving US economic data. With the lack of downside surprises in recent data releases some market commentators… read more
