Dollar finds tentative support Last week’s currency trading review The Dollar rallied off multi-month lows against a spectrum of currencies to finish on a slightly better footing. The major event risk of the week was the FOMC meeting at which the FED kept rates lows although they upgraded the economic… 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 21/09/2009
September 21, 2009USD under Pressure Last week’s currency trading review The Dollar was broadly weak against nearly all currencies for a second week as Gold consolidated gains above $1000 and the Euro and Aussie hit fresh year highs. US stocks markets traded at year highs above 9800 on the Dow Jones. Helping… read more
Australian FOREX Weekly Outlook 07/09/2009
September 7, 2009US Unemployment Jumps to 26 Year High. Last week’s currency trading review The Dollar lost ground against risk currencies as the jump in US Unemployment was shrugged off on Friday and stocks finished on a positive note. Some big moves were seen on Tuesday as the stock market took a… read more
Australian FOREX Weekly Outlook 1/09/2009
September 1, 2009US GDP remains unrevised, Yen Strong Last week’s currency trading review The Dollar was mixed with gains on safe haven flows against the GBP and CAD being offset by losses against the Yen. Data wise the US did well with better than forecast Q2 GDP at -1.0% vs. -1.4% expected… read more
Australian FOREX Weekly Outlook 25/08/2009
August 25, 2009Dow Jones Closes above 9500 Last week’s currency trading review The Dollar finished the week on a low note as the stock market finished at year highs. The catalyst on Friday was a decade high jump in Existing home Sales in July +7%. Also helping on Friday was a speech… read more
Australian FOREX Weekly Outlook 17/08/2009
August 17, 2009Yen Roars back into favor Last week’s currency trading review The Dollar was mixed to stronger against most currencies except the Yen which took back all of Non Farm Payrolls gains during the week. Data was a lot weaker than expected with US retail Sales down -0.1% vs. 0.8% forecast… read more
Australian FOREX Weekly Outlook 10/08/2009
August 10, 2009USD Fights back on Jobs Data Last week’s currency trading review The Dollar rebounded against every currency on Friday showing surprising strength after the NFP report resulted in US interest rate hike expectations increasing. The end of the US recession talk also help inspire fresh strength. July Non Farm Unemployment… read more
Australian FOREX Weekly Outlook 03/08/2009
August 3, 2009Fresh Year Highs on S& P Last week’s currency trading review The Dollar broke to the downside on the back of soaring global stock markets and extremely strong global data. New Home Sales jumped 10% in June and Q2 GDP beat expectations down -1.0% vs. -1.4% previously. The Dollar was… read more
Australian FOREX Weekly Outlook 27/07/2009
July 27, 2009Global Rally Continues Last week’s currency trading review The Dollar was under pressure but did not fall as much as the rise in stocks would have predicted with key levels on the EURO and GBP keeping most other currencies rangebound. Traditional risk currencies such as the AUD and CAD were… read more
Australian FOREX Weekly Outlook 20/07/2009
July 20, 2009Global Stock markets Soar Last week’s currency trading review The Dollar fell broadly as the stock market rallied over 8% in 5 days of gains that reversed the bearish sentiment and safe haven flows dried up on renewed optimism. US data was strong with Retail Sales in June up 0.6%… read more
