The Australian Dollar continues to unwind gains off the back of USD strengthening and falling commodity prices. US Federal Reserve policy makers overnight expressed hawkish opinions as to the need for further rate hikes this year. Fed President James Bullard stated there is a case to be made for a… 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.
Daily Outlook
March 23, 2016Terror attacks in Belgium shook the market overnight with European equities trading lower and Gold strengthening. The market was quick to reverse these movements with the FTSE and DAX closing in the green 0.13% and 0.42% respectively. Gold rallied to $1260 off news of the attack, however retraced most of… read more
Bullet Report
March 22, 2016Slow Start After Central Banks Last Week EURUSD: traded in a tight range after finding support at 1.1235. The pair is trading, lower after FOMC highs as investors shook of dovish statements from the Federal Reserve. GBPUSD: Cable has remained under near term pressure after retreating from last week’s… read more
Daily Outlook
March 21, 2016The Australian dollar experienced significant strength last week, off the back of US dollar weakness and strong domestic data. The US dollar weakened against major currency pairs as the Federal Reserve revised projections to two fewer rate hikes this year. The Fed has sold the market the notion that its… read more
Daily Outlook
March 18, 2016The Australian Dollar has rallied over 2 cents over the last 48 hours, currently trading at its highest level since July 2015. The US dollar fell against major pairs experiencing significant weakness as dovish commentary from the FOMC left the market cautious. The Federal Reserve left rates unchanged at 0.25%… read more
Daily Outlook
March 17, 2016The US dollar tumbled as the Federal Open Market Committee met in the early hours of Thursday morning. The Federal Reserve has left rates unchanged at 0.25 – 0.50 percent with 9 out of the 10 members voting in favor of maintaining the target rate. Despite indicators pointing to a… read more
Daily Outlook
March 16, 2016Oil prices have regained some of the previous day’s losses this morning as API recorded a build of 1.5m barrels in oil inventory, beating expectations of 3.4m. Oil continued to slide overnight as hopes for a coordinated output freeze begin to fade. WTI Oil and Brent Crude initially fell to… read more
Daily Outlook
March 15, 2016The Australian Dollar faced significant pull-back overnight hitting a high of 0.7592 before retracing to the 0.7504 level. The AUD has shown strong upward momentum in recent weeks as commodity prices strengthened and investors looked for yield in a NIR environment. Overnight weakness in the Australian dollar can be in… read more
Daily Outlook
March 14, 2016European markets in reverse as Thursday’s ECB announcement continues to digest. European equity markets regained losses its previous day’s losses on Friday with the DAX up 3.51% and the FTSE 1.71%. Despite Central Banker Draghi’s announcement of a larger than expected policy easing, the EUR rallied and equities tumbled. Analysts… read more
Daily Outlook
March 11, 2016European markets shook overnight as the ECB announced plans for further Eurozone stimulus. European Central Banker Mario Draghi’s aggressive easing package included plans to increase the QE program by an extra 20 Billion EUR per month and cut the headline interest rate to zero. The Bank has struggled to achieve… read more
