MARKET SUMMARY – 02/12/05(03.00GMT) The Dollar lifted against Euro and Yen overnight after the ECB watered down expectations of further rate hikes. The Dollar weakened versus the commodity –currencies which rose against the greenback in response to firmer metals prices. US data was supportive for the dollar, with manufacturing ISM… 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 1/12/2005
December 1, 2005MARKET SUMMARY – 01/12/05(03.00GMT) The Dollar held in tight ranges against major currencies overnight. US sharemarkets eased on Wednesday after investors concluded that the batch of firm economic reports meant that the Federal Reserve would keep lifting interest rates. On the data front, the preliminary estimate of US September quarter… read more
Australian FOREX Daily Outlook 30/11/2005
November 30, 2005MARKET SUMMARY – 30/11/05(03.00GMT) The Dollar strengthened overnight against the major currencies. The catalyst for the move higher was much stronger than expected economic data out of the States. However, given the strength of the data one can argue that the dollar should have performed better. The data supports the… read more
Australian FOREX Daily Outlook 29/11/2005
November 29, 2005MARKET SUMMARY – 29/11/05(03.00GMT) The Dollar slumped against the major currencies in European and US trade on Monday. With no major data releases, traders put the move down to order flows and a host of technical factors such as end of month profit-taking and speculative short-covering. On the data front,… read more
Australian FOREX Daily Outlook 28/11/2005
November 28, 2005MARKET SUMMARY – 28/11/05(03.00GMT) The Dollar strengthened against the major currencies on Friday in a thin trading session as many took the long weekend for Thanksgiving holiday. US sharemarkets rose on Friday, with investor’s hopeful that retailers benefited from solid Thanksgiving holiday sales. Overall, US sharemarkets have risen for five… read more
Australian FOREX Daily Oulook 25/11/2005
November 28, 2005MARKET SUMMARY – 25/11/05(03.00GMT) The Dollar rose against the major currencies in the London session. There was little action in the New York session with US financial markets closed for Thanksgiving Day holiday. US initial jobless claims are due on later today with the market expectations centered on 318k. The… read more
Australian FOREX Daily Oulook 24/11/2005
November 25, 2005MARKET SUMMARY – 24/11/05(03.00GMT) The Dollar finished the New York session relatively flat against the major currencies. Us sharemarkets rose on Wednesday following better than expected consumer sentiment data. US consumer sentiment was 81.6 in November, recovering from 74.2 in October and higher than the market expectation of 80.6. US… read more
Australian FOREX Daily Oulook 25/11/2005
November 25, 2005MARKET SUMMARY – 25/11/05(03.00GMT) The Dollar rose against the major currencies in the London session. There was little action in the New York session with US financial markets closed for Thanksgiving Day holiday. US initial jobless claims are due on later today with the market expectations centered on 318k. The… read more
Australian FOREX Daily Oulook 21/11/2005
November 21, 2005MARKET SUMMARY – 21/11/05(03.00GMT) The Dollar was weaker against most of the major currencies on Friday night, on the back of hawkish Euro comments by ECB President Trichet. This is all the market had to focus on in regards to the dollar, with no economic data released in the States.A… read more
Australian FOREX Daily Oulook 18/11/2005
November 18, 2005MARKET SUMMARY – 18/11/05(03.00GMT) The Dollar traded weaker overnight against the major currencies on the back of softer economic data out of the States. Housing starts fell from a 21 month high in September of 2.219 million units to 2.014 million in October. This was slightly weaker than market expectations… read more
