MARKET SUMMARY –1JULY06 (05:00GMT) The Dollar fell across the board against the majors in Friday trade as the PCE deflator came in on expectation. The core personal consumption price index (PCE deflator) came in at 0.2% with an annual rate of 2.1%. Personal spending rose by 0.4% as well as… 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 30/06/2006
June 30, 2006MARKET SUMMARY –30JUNE06 (05:00GMT) The Dollar fell markedly against all the majors in the overnight session as the US Federal Reserve decided to hike rates by 25bp after their 2 day FOMC meeting. The market reacted strongly against the greenback as comments after the FOMC announcement were interpreted as dovish… read more
Australian FOREX Daily Outlook 29/06/2006
June 29, 2006MARKET SUMMARY –29JUNE06 (05:00GMT) The Dollar slightly appreciated against the major currencies in the overnight session with the impending decision by the Federal Reserve to increase rates or not helping to subdue any volatility in the markets before results come out tomorrow. In other markets, the Dow Jones index strengthened… read more
Australian FOREX Daily Outlook 28/06/2006
June 28, 2006MARKET SUMMARY –28JUNE06 (05:00GMT) The Dollar traded within a relatively narrow range in the overnight session against the majors as the market seems poised for any decision by the Federal Reserve ahead of its 2 day meeting. Any volatility was dampened by US home sales falling to 6.67 million in… read more
Australian FOREX Daily Outlook 27/06/2006
June 27, 2006MARKET SUMMARY –27JUNE06 (05:00GMT) The Dollar was generally flat in the overnight session as new home sales rose in May to a 1.234 million annual rate. The market was expecting a fall to 1.15 million. The dollar did however give up some ground to the Euro after comments from the… read more
Australian FOREX Daily Outlook 26/06/2006
June 26, 2006MARKET SUMMARY –26JUNE06 (05:00GMT) The Dollar continued to strengthen against the majors even in the face of a worse than expected durable goods orders, as the market factored in a possible rate hike by the US Federal Reserve in August as well as one later this week. US durable goods… read more
Australian FOREX Daily Outlook 23/06/2006
June 23, 2006MARKET SUMMARY –23JUNE06 (05:00GMT) The Dollar strengthened considerably against the major currencies in the overnight session as market participants fled from emerging currencies and sought the relative safe haven of the greenback. Instability in Japan also added to the dollar strength, as calls for BoJ Governor Fukui to step down… read more
Australian FOREX Daily Outlook 22/06/2006
June 22, 2006MARKET SUMMARY –22JUNE06 (05:00GMT) The Dollar was lower against the major currencies in the overnight session with any chance of a rise in the dollar hampered by comments from ECB president Trichet suggesting that interest rates will have to be pushed higher to fight inflation in the Euro zone and… read more
Australian FOREX Daily Outlook 21/06/2006
June 21, 2006MARKET SUMMARY –21JUNE06 (05:00GMT) The Dollar initially rose then retreated in the overnight session as better than expected housing starts failed to keep the dollar strengthened against the major currencies. US housing starts rose to 1.957 million in May from 1.863 million the month before, beating estimates of a rise… read more
Australian FOREX Daily Outlook 20/06/2006
June 20, 2006MARKET SUMMARY –20JUNE06 (05:00GMT) The Dollar rose across the board in flat trading against the major currencies in the overnight session as the market weighed in on a possible rate hike at the end of this month. US homebuilder sentiment dropped by 4pts as the NAHB survey showed a level… read more
