Manufacturing slows in the US, as UK Retail Sales soar. CURRENCY TRADING SUMMARY – 22 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased slightly against a number of majors in a follow through from FOMC minutes on Wednesday, which prompted traders to anticipate further rate cuts from the Fed in… 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 21/02/2008
February 21, 2008Oil and XAU trade at record highs, on a rise in US CPI figures. BoE minutes on the “dovish” tone. CURRENCY TRADING SUMMARY – 21 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rallied broadly versus a number of majors as data showed that inflation had risen, prompting investors to trim… read more
Australian FOREX Daily Outlook 20/02/2008
February 20, 2008RBA considered a 50 point hike. US CPI and FOMC minutes of key importance CURRENCY TRADING SUMMARY –20 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) in what was quiet data day, the Greenback trading in a range against a number of majors. In U.S. share markets, the NASDAQ was down… read more
Australian FOREX Daily Outlook 19/02/2008
February 19, 2008US Markets close for president holiday. RBA expected to be hawkish signaling further rate hikes. CURRENCY TRADING SUMMARY – 19 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was a quiet session of trade as markets in the US were closed on the back of President’s Day Holiday, as bearish sentiment… read more
Australian FOREX Daily Outlook 18/02/2008
February 18, 2008Poor data out of the US signals further economic concerns. BoJ keep rates on hold at 0.50% in a unanimous vote. CURRENCY TRADING SUMMARY – 18 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) fell across the board as disappointing data ensured the greenback remained heavily pressured. New York manufacturing and… read more
Australian FOREX Daily Outlook 15/02/2008
February 15, 2008Bernanke signals more US rate cuts are on the agenda. CURRENCY TRADING SUMMARY – 15 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased against a number of majors as Fed Chairman Bernanke signaled the Central Bank may continue to cut rates further, amidst concerns the US was headed into recession…. read more
Australian FOREX Daily Outlook 14/02/2008
February 14, 2008Buoyant US Retail Sales, Hawkish BoE quarterly report, Aussie Unemployment at fresh 33 year lows of 4.1% CURRENCY TRADING SUMMARY – 14 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed versus a number of majors, holding firm on positive Retail Sales out of the U.S. for the month of… read more
Australian FOREX Daily Outlook 13/02/2008
February 13, 2008UK inflation at seven month high, as US shares buoyed by Buffet offer. CURRENCY TRADING SUMMARY – 13 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to moves in stock prices as growing confidence and reports billionaire investor Warren Buffet offered to assume troubled bond insurers’ liabilities, encouraged investors… read more
Australian FOREX Daily Outlook 12/02/2008
February 12, 2008UK PPI boosts outlook for economy, as G7 remain cautious on global growth CURRENCY TRADING SUMMARY – 12 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was generally firmer in the US session against a number of majors, as risk aversion prompted a broad sell off in high yielder’s. In what… read more
Australian FOREX Daily Outlook 08/02/2008
February 8, 2008BoE cut rates by 25 bps, as ECB hold citing slowing growth. CURRENCY TRADING SUMMARY – 08 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rallied trading on the back of other markets, as recent US economic slow down causing jitters in other markets. With limited data out of the US,… read more
