Super Thursday is here and the focus will be on GBP. For the first time, BoE will release simultaneously the inflation report, the rate decision and its meeting minutes. The expectation is that rates will remain unchanged, but that policy members will be divided as to their vote. IF 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.
Morning Dealing Room Technical Report
August 6, 2015Market Comment Australia The S&P/ASX 200 index fell 0.42% or 23.925pts to 5673.98 (day range: 5700.6 – 5640) on Wednesday. The index is above its 20d MA (@ 5619) and above its 50d MA (@ 5592). 67% of the index constituents are above their 20D MA (vs 66% the previous… read more
Bullet Report – ADP disappoints, USD slides
August 6, 2015The ADP employment report was just released showing the US economy added 185k jobs versus 215k expected. This erased the gains that USD managed to make during the Asian and early European Sessions. Employment is the most crucial factor the FED takes into consideration when deciding to raise interest rates… read more
Morning Dealing Room Technical Report
August 5, 2015Market Comment Australia The S&P/ASX 200 index increased 0.33% or 18.556pts to 5697.9 (day range: 5727.7 – 5659.4) on Tuesday. The index is above its 20d MA (@ 5608) and above its 50d MA (@ 5594). 67% of the index constituents are above their 20D MA (vs 66% the previous… read more
Bullet Report – AUDUSD recovers, USD still in demand
August 4, 2015Overnight the AUDUSD rallied almost 100 pips to 0.7354 after the Central Bank left rates unchanged. Much better than expected retail sales from Australia ignited the rally though, as the policy stance was widely anticipated. EURUSD dropped to 1.0930, down almost 200 pips from Fridays high. The session in Europe… read more
Morning Dealing Room Technical Report
August 4, 2015Market Comment Australia The S&P/ASX 200 index fell 0.35% or 19.82pts to 5679.34 (day range: 5703.9 – 5670.2) on Monday. The index is above its 20d MA (@ 5603) and above its 50d MA (@ 5595). 66% of the index constituents are above their 20D MA (vs 74% the previous… read more
Bullet Report – USD stable, String of data ahead
August 3, 2015A weak US employment Cost Index (0.2% versus 0.6% expected) was the main reason for the heavy fall of the USD on Friday, especially against the EUR where the majority of long USD traders were positioned. The news came as a shock to those expecting Fed to increase rates in… read more
Morning Dealing Room Technical Report
August 3, 2015Market Comment Australia The S&P/ASX 200 index rose 0.52% or 29.641pts to 5699.16 (day range: 5699.5 – 5669.9) on Friday. The index is above its 20d MA (@ 5592) and above its 50d MA (@ 5594). 74% of the index constituents are above their 20D MA (vs 68% the previous… read more
Bullet Report – USD Strikes Back, AUDUSD hits 6 years low
July 31, 2015The USD rose to its strongest level in 7 weeks against the JPY (124.57) and to its highest level in 6 years versus the Australian dollar (72.54). Despite the lower than expected GDP growth in Q2 (2.3% vs. 2.5% expected) a September rate hike (first one in 9 years) is… read more
Morning Dealing Room Technical Report
July 31, 2015Market Comment Australia The S&P/ASX 200 index was up 0.81% or 45.366pts to 5669.52 (day range: 5676.5 – 5633.3) on Thursday. The index is above its 20d MA (@ 5584) and above its 50d MA (@ 5594). 68% of the index constituents are above their 20D MA (vs 60% the previous… read more
