USD Makes Major move higher Last week’s currency trading review The Dollar made impressive gains across the board on the back of the FOMC statement and ongoing concern about the Eurozone. The FOMC held at 0.25% and said they saw signs that the unemployment situation was improving. November PPI was… read more
Weekly
An in-depth market summary of the previous week’s foreign exchange trading movements, the weekly outlook presents the forex market moving events and data releases which impacted major currencies and commodities. Discussion of future events and indicators in the coming week which are likely to influence the foreign exchange market are discussed. The general expectation of these releases and the implications going forward are also explained in detail.
Technical analysis of the major currencies and gold at present time is also provided to highlight where the market is positioned and to assist in calculating the extent to which any move in the major currencies and gold could have upon release of future data.
Australian FOREX Weekly Outlook 14/12/2009
December 14, 2009USD starting to gain Traction Last week’s currency trading review The Dollar in what could have been a watershed week for the FX markets, the USD gained even as stocks rallied and risk remained ‘on’. Very Strong Economic data on Thursday and Friday saw the USD rally across the board… read more
Australian FOREX Weekly Outlook 07/12/2009
December 7, 2009US Unemployment Rate Improves Last week’s currency trading review The Dollar gained again this week but not because of risk aversion as with the Dubai debt crisis but as traders increased bets the Fed will increase rates sooner than expected. USD/JPY was the major gainer as the alternate carry currency… read more
Australian FOREX Weekly Outlook 30/11/2009
November 30, 2009Market’s Shake on Dubai Shock Last week’s currency trading review The Dollar ended slightly weaker in a very volatile week as the Fed Minutes pushed the USD to its lowest point this year and then the Dubai debt crisis saw it return quickly to favor on safe haven flows. US… read more
Australian FOREX Weekly Outlook 23/11/2009
November 23, 2009USD Stronger as Traders Take Profit Last week’s currency trading review The Dollar gained as global stock markets suffered from bouts of profit taking coming off year highs. With the Exception of Gold and the Yen the USD was stronger against all currencies. US October Retail Sales were strong at… read more
Australian FOREX Weekly Outlook 16/11/2009
November 16, 2009Fresh Risk Appetite hurts USD Last week’s currency trading review The Dollar continued to lose ground as US stocks markets soared to year highs and Gold traded to fresh all time highs. Economic data was light but multiple FED speakers all re-emphasized that US rates will remain low for some… read more
Australian FOREX Weekly Outlook 9/11/2009
November 9, 2009Fed hold rates low for an ‘extended period’ of time Last week’s currency trading review The Dollar was on the back foot giving up most the of gains from the week before as risk was turned back ‘on’ after the Federal Reserve kept rates at 0.25% and stated they would… read more
Australian FOREX Weekly Outlook 02/11/2009
November 2, 2009Large USD Rebound on Equity correction Last week’s currency trading review The Dollar even a stunning 3.5% Q3 GDP could not help stock markets finish the week in positive territory as fresh banking concerns caused a spike in risk aversion. The VIX also known as the fear index climbed over… read more
Australian FOREX Weekly Outlook 26/10/2009
October 26, 2009USD Searching for Support Last week’s currency trading review The Dollar lost ground against the Euro and Aussie but was strong against the Yen as traders pared back USD shorts. The CAD had a correction after the BOC released a dovish outlook at their Interest Rate meeting. Strong Chinese data… read more
Australian FOREX Weekly Outlook 20/10/2009
October 20, 2009Dollar Slide Accelerates Last week’s currency trading review The Dollar retreated across the board as global stocks extended gains. The key 10000 level on the Dow Jones was broken mid week with risk currencies benefiting the most. Core CPI was 0.2% m/m and Unemployment Claims improved to 514k vs. 524k… read more
