Bank of England announces plan to increase liquidity. US dollar weakens as sentiment dampens. CURRENCY TRADING SUMMARY – 22 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was softer against the other majors other than sterling despite no significant data being released, leaving the market to find its own direction based… 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 21/04/2008
April 21, 2008U.S dollar boosted by improved financial profit results. CURRENCY TRADING SUMMARY –21 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened on Friday as market sentiments drastically improved following Q1 results from Citigroup coming in better than expected, with a loss of US$5.1 billion, much lower than the US$10 billion loss… read more
Australian FOREX Daily Outlook 18/04/2008
April 18, 2008U.S dollar regains some strength, not before reaching record lows. Sterling surges on back of BoE liquidity plan. CURRENCY TRADING SUMMARY – 18 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was again volatile on Thursday as it reached a new record low against the Euro before pairing back following Luxembourg… read more
Australian FOREX Daily Outlook 17/04/2008
April 17, 2008U.S dives as inflation less than expected. Euro threatens key 1.60 level. CURRENCY TRADING SUMMARY – 17 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) paired its gains made on Tuesday as CPI rose less than expected to 0.3%, causing the dollar to drop against the majors. This coupled with upward… read more
Australian FOREX Daily Outlook 16/04/2008
April 16, 2008Dollar surges on the back of strong data and renewed positive outlook. CURRENCY TRADING SUMMARY – 16 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) surged on Tuesday following surprisingly strong economic data being released from the World’s biggest economy. New York Fed Manufacturing came in at 0.6 for the month… read more
Australian FOREX Daily Outlook 15/04/2008
April 15, 2008G7 summit fails to rally investor confidence in U.S currency. CURRENCY TRADING SUMMARY – 15 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased on Monday tracking equities markets as investors’ faith in the dollar was short lived following the G7 summit. Retail Sales figures released for the month of March… read more
Australian FOREX Daily Outlook 14/04/2008
April 14, 2008G7 Meeting voices concerns over recent currency volatility. CURRENCY TRADING SUMMARY – 14 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened on the back of indications the G7 summit was concerned over recent market volatility, “Since our last meeting, there have been at times sharp fluctuations in major currencies and… read more
Australian FOREX Daily Outlook 11/04/2008
April 11, 2008BoE cuts rates, ECB remain hawkish. G7 Meeting over weekend. CURRENCY TRADING SUMMARY – 11 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) grinded higher on Thursday tracking equity markets and as expected rate announcements coming out of Europe. Commodity prices fell as investors returned to risk averse assets overnight. The… read more
Australian FOREX Daily Outlook 10/04/2008
April 10, 2008US Dollar falls tracking weaker equities. BoE and ECB rate announcements today. CURRENCY TRADING SUMMARY – 10 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) fell on Wednesday tracking weaker equity markets as traders add to bets the Federal Reserve may cut rates by at least 25bps when it meets later… read more
Australian FOREX Daily Outlook 09/04/2008
April 9, 2008FOMC Minutes suggest worst is not over for U.S economy. BoJ to make rate announcement today. CURRENCY TRADING SUMMARY – 09 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was stronger on Tuesday as concerns about the spread of the U.S downturn could warrant rate cuts from central banks around Europe… read more
