Following the positive trade data from China and its currency stability, optimism spilled over to European markets for a positive start as leading indexes look set to post gains for the 3rd straight day with Germany’s DAX and UKs FTSE both trading up over 1%, despite the decline in Chinese… 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 13, 2016European stocks are trading higher on Tuesday as news that China will step up its defense of the Yuan stabilized financial markets. Further positive car makers data helped Eurozone markets, with Germany’s DAX in particular, which saw it climb more than 2% recovering some of its 2016 losses to date…. read more
Daily Outlook
January 12, 2016European stocks have started the week in positive fashion this Monday as gains in the car sector helped recover some of last weeks losses. Germany’s DAX is now trading up over 1% and looks set to halt 6 straight days of losses, as jittery investors look for some stability following… read more
Daily Outlook
January 11, 2016The first trading week of the year 2016 has seen some dramatic movements. Chinese equities have had a tough start to the year, which spread the panic around the global markets. Generally, Gold, the Yen, Swiss Franc, Euro and US Dollar have performed well, while the rest struggled. Markets have… read more
Daily Outlook
January 8, 2016Today the focus will remain on China. Yesterday the CSI300 Index plunged 7%, triggering the circuit breakers, sending traders home with the shortest day of trading in its history. Brokers in China are tipped to pack their lunch as officials suspend the circuit breaker rule in favour of free market… read more
Daily Outlook
January 7, 2016The market has been shaky since the start of 2016. Wednesday just experienced added pressure with another round of discouraging news, e.g. further yuan, more soft data released from China, global stocks were kicked around and oil fell nearly 6%. Following with the upgraded tension between Saudi Arabia and Iran,… read more
Daily Outlook
January 6, 2016Global growth worries continue to dominate as European stocks are again trading lower in what has been a bleak start to the year. With concerns over a global slowdown, oil moved lower towards $36 per barrel while Gold moved up amidst the uncertainty. Safe haven currencies are again the big… read more
Daily Outlook
January 5, 2016Global equity markets are sharply lower dragging other asset classes with them. JPY has benefited from the risk off mode and pushed USDJPY down to 118.70, its lowest since October. European stock markets are diving deep into red territory, following earlier Asian Losses caused by concerns over the latest disappointing… read more
Daily Outlook
January 4, 2016Good morning 2016. The forex market will likely to start with a similar themes carried forward from last year. 2015 was the year of the USD. Fed finally decided to gradually normalizing their monetary policy. Central bank divergence led by Fed will therefore remain in 2016. It is notable to… read more
Daily Outlook
December 31, 2015Gold is the big mover of the day on an otherwise flat trading session in Europe. As investors lock in profits, gold slipped from a session high of 1072 to just above 1062 at time of writing. Elsewhere, trading remains in a tight range as the world’s financial markets begin… read more
