FOREX Outlook 28/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar’s impressive rebound after the initial sell off post a horrid Durable Goods orders outcome augurs well for a substantial rally if the Fed becomes more hawkish in its tone. However, it faces a risk 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.
FOREX Trading Australia Daily Outlook 27/04/2005
April 27, 2005FOREX Outlook 27/04/05 (02:00 GMT) FOREX Trading Australia FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar remained firm on lack of any reasons to sell it, with New home sales surging to an all time high while poor data continued from other regions providing good support for the… read more
FOREX Trading Australia Daily Outlook 22/04/2005
April 22, 2005FOREX Outlook 22/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar The Dollar reversed some of its losses for the week as the Philly Fed index came in much higher than expected with all sub indices increasing. Jobless claims witnessed it largest weekly drop in more than… read more
FOREX Trading Australia Daily Outlook 21/04/2005
April 21, 2005FOREX Outlook 21/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dolllar Dollar got more than it bargained for with the CPI outcome, which eventually worked against it and ended another day on the back foot. Core CPI recorded its largest rise in 2 years and while this… read more
FOREX Trading Australia Daily Outlook 20/04/2005
April 20, 2005FOREX Outlook 20/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar continued its freefall with core PPI coming in lower than expected reducing hopes of an aggressive rate hike stance from the Fed while housing starts fell to its lowest level in more than 10… read more
FOREX Trading Australia Daily Outlook 19/04/2005
April 19, 2005FOREX Outlook 19/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar continued its downward spiral from Friday as apart from its structural imbalances the market now as to contend with growth concerns emanating from the recent stream of poor data results. Lower growth prospects will throw… read more
FOREX Trading Australia Daily Outlook 18/04/2005
April 18, 2005FOREX Outlook 18/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar slipped as the positives of the Capital inflow data coming in higher than expectations were more than offset by the negatives emanating from other factors. NY State Manufacturing index dropped to its lowest in 2… read more
FOREX Trading Australia Daily Outlook 15/04/2005
April 15, 2005FOREX Outlook 15/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar rallied across the board as failure of other majors to gain on weak U.S. data in last few days kept impetus in the Greenbacks’ favour and the trigger of key stop levels accelerated its gains…. read more
FOREX Trading Australia Daily Outlook 14/04/2005
April 14, 2005FOREX Outlook 14/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar’s price action was similar to the day before as it slipped initially on disappointing Retail sales outcome but reversed the losses soon after. This shows the markets attention is focused more on the short term… read more
FOREX Trading Australia Daily Outlook 13/04/2005
April 13, 2005FOREX Outlook 13/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar held firm in spite of a record high Trade Deficit outcome which was largely due to the high import costs of oil. Since oil prices have eased in the last few days the market expects… read more
