Headline US durable goods data stronger than expected, housing data mixed. Commodity markets volatile. Focus on Japanese CPI. CURRENCY TRADING SUMMARY –27 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) weakened against the majors in the overnight forex trading session as US durable goods and US new home sales surprised on… 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 26/10/2006
October 26, 2006US Federal Reserve and the RBNZ decide to leave rates on hold. German IFO stronger than expected. CURRENCY TRADING SUMMARY –26 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) fell against the majors in the overnight foreign exchange trading session as the US Federal Reserve decided to leave rates on hold…. read more
Australian FOREX Daily Outlook 25/10/2006
October 25, 2006Markets positioning themselves for the FOMC interest rate decision later today. Important Asia-Pacific data due as well as German IFO business climate. CURRENCY TRADING SUMMARY –25 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) softened against the majors in the overnight forex session with traders adjusting positions ahead of the important… read more
Australian FOREX Daily Outlook 24/10/2006
October 24, 2006USD strengthens considerably against the majors as the forex market awaits the FOMC interest rate decision tomorrow. CURRENCY TRADING SUMMARY –24 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) rallied against the majors in the overnight foreign exchange trading session as the absence of any economic data from the US meant… read more
Australian FOREX Daily Outlook 23/10/2006
October 23, 2006UK GDP better than expected. USD consolidates some of its losses made during the week against the majors. CURRENCY TRADING SUMMARY –23 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in the overnight foreign exchange trading session as the absence of data and key technical levels holding,… read more
Australian FOREX Daily Outlook 20/10/2006
October 20, 2006Philadelphia Fed survey disappoints the markets. US Dollar continues its slide against the majors. CURRENCY TRADING SUMMARY –20 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) weakened against the majors in the overnight forex session after the release of the Philadelphia Fed survey surprised the market with its weak result. The… read more
Australian FOREX Daily Outlook 19/10/2006
October 19, 2006Another session of mixed data from the US. Rumours of carry trade activity being monitored by the BoJ. Commodities weaken. CURRENCY TRADING SUMMARY –19 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) recovered somewhat against the majors in the overnight foreign exchange trading session as US CPI disappointed but housing starts… read more
Australian FOREX Daily Outlook 18/10/2006
October 18, 2006Mixed economic data released from the US. Major currencies strengthen against the Greenback. Oil and metals lower. CURRENCY TRADING SUMMARY –18 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) weakened against the majors in the overnight forex trading session as a mixed bag of data was released to the market, keeping… read more
Australian FOREX Daily Outlook 17/10/2006
October 17, 2006US Dollar weakens in the face of strong manufacturing index data. Yen strengthens after comments from Russia. Gold nearing USD$600. CURRENCY TRADING SUMMARY –17 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was lower against the majors in the overnight foreign exchange trading session as the New York Federal Reserve Empire… read more
Australian FOREX Daily Outlook 16/10/2006
October 16, 2006The Greenback rallies against the majors.Forex traders eye key technical levels in Euro and Yen. Oil trades up. CURRENCY TRADING SUMMARY –16 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was slightly stronger against the majors in the Friday night foreign exchange trading session as retail sales came in less than… read more
