US rates remain on hold after the FOMC met overnight. The Fed left the rate range unchanged at 0.25% and 0.50% as expected, however dialogue appeared on the dovish side. Declines in oil prices continue to have a transitory impact on inflation as low energy and non-energy imports further the… 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
January 27, 2016Global growth concerns revived as Asian markets tumbled. Oil price volatility continues to sway market sentiment, with yesterday’s downward price action prompting the sell-off in Asian equity markets. The Shanghai Composite hit 14-month lows, dropping 6.5% while the Nikkei and Hang Seng both down around 2.4%. Despite Asia Equity performance,… read more
Daily Outlook
January 26, 2016Mild improvements in Asian markets overnight were not enough to support US and European equity indices, as oil price declines set the tone. Despite promising policy support from the ECB, markets remain wary of weak demand from China and falling oil prices. Early signs of an equity market rebound appear… read more
Daily Outlook
January 25, 2016Global Equity markets continued their recovery on Friday, supported in-part by surging oil prices. Markets responded positively to the ECB’s post-meeting comments signaling for potential policy easing in March. Euro and US markets continued their recovery with the FTSE and DAX closing up around 2%. US markets followed trend amid… read more
Daily Outlook
January 22, 2016Equity market rebounds and oil price fluctuations dominated the overnight session. The European Central Bank met overnight, signaling to the market that further easing is imminent. It is believed that recent waves of financial instability and low commodity prices have resulted in downside risks to economic growth and inflation. Oil… read more
Daily Outlook
January 21, 2016World stocks sank to their lowest levels since 2013 on Wednesday, hit by another tumble in oil to 13-year lows that kept equity markets on track for one of their worst monthly performances ever. US markets were hit hard on the open, with the DOW down 200 points around close… read more
Daily Outlook
January 20, 2016Despite the negative news from China, financial markets took it in their stride. Official figures showed that the annual rate of growth in China’s economy slowed to 6.8% in the three months to December from 6.9% in the previous quarter, matching forecasts. Positive risk sentiments helped the AUD recover from… read more
Daily Post
January 19, 2016Markets were reasonably quiet overnight, with the US Martin Luther King Day holiday and no release of major data taking place. European markets consolidated after Friday’s losses as the Euro50 fell 0.6% while the DAX tipped 0.2% lower. Evidence remains that global growth concerns and oil price weakness continue to… read more
Daily Outlook
January 18, 2016Uncertainty in global equity markets and Oil prices will likely remain at the front of investor minds this week. Friday night saw European markets unable to avoid global sentiment with the DAX and FTSE100 finishing lower by 2.5% and 1.9%. US indices followed suit with the S&P and DJIA closing… read more
Daily Outlook
January 15, 2016The markets continue to be jittery as global economy and global stock markets remain the center focus. The EURUSD moved couple of pips higher on weak US data, but remains below 1.09 levels as investors price-in possibility of more ECB rate cuts. The GBPUSD was steady near five-and-a-half year lows… read more
