Yen strengthens as Outlook Darkens Last week’s currency trading review The Dollar was stronger against most currencies with the exception of the Yen with USD/JPY making a major move to the downside. The DOW fell 2.6% and Oil slid to the $60 level. ISM Non Manufacturing jumped to 47 vs…. 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 6/07/2009
July 6, 2009US Jobs Data Rock Markets Last week’s currency trading review The Dollar gained on the back on the US June Non Farm Payrolls which came in at -467K vs. -375K and changed the mood of the market sending the Dow Jones down over 200 points Thursday. The Unemployment rate increased… read more
Australian FOREX Weekly Outlook 16/06/2009
June 16, 2009Last week’s currency trading review The Dollar managed to stall the recent losses against the Euro but lost more ground against riskier currencies as stock markets tested highs around the world. The break above 10000 on the Nikkei helped most Yen crosses to test fresh year highs. US retail sales… read more
Australian FOREX Weekly Outlook 02/06/2009
June 2, 2009Last week’s currency trading review The Dollar continued to be sold off in a broad based fashion after key levels on multiple currencies was breached. South Korean state pension fund exacerbated the negative mood stating that it was planning to reduce exposure to US treasuries. Also hurting was talk that… read more
Australian FOREX Weekly Outlook 26/05/2009
May 26, 2009Last week’s currency trading review The Dollar moved dramatically lower on concerns that the AAA debt rating for the US is not sustainable. The focus was initially on the UK economy when Moody’s put that rating on negative watch. The other major negative USD story was the FOMC minutes which… read more
Australian FOREX Weekly Outlook 18/05/2009
May 18, 2009Reversals and Corrections seize markets 18/05/09 last week’s currency trading review The Dollar found a level of support after equities gave up some of the gains in a post stress test comedown. Concerns about GM survivability also helped to pare back risk appetite. On the data front retail sales fell… read more
Australian FOREX Weekly Outlook 11/05/2009
May 11, 2009Optimism continues to grow 11/05/09 last week’s currency trading review The Dollar continued to weaken for the 8th week as the market found more reasons to rally on Economic data and the Bank Stress tests. News that $75 Billion would be needed by the 19 largest US banks was welcomed… read more
Australian FOREX Weekly Outlook 4/05/2009
May 4, 2009Optimism continues to grow 04/05/09 last week’s currency trading review The Dollar came under pressure this week as stock markets continued to push for fresh highs and dips were well supported. USD/JPY showed life and provided most of week’s major moves. Economic data continued to beat forecasts, with ISM manufacturing… read more
Australian FOREX Weekly Outlook 21/04/2009
April 21, 2009Stocks rally for 6th week 21/04/09 last week’s currency trading review The Dollar had a very mixed week with risk appetite encouraging selling while Euro weakness improved USD demand. The stock market remained buoyant bringing a 6th week of gains but this failed to translate to fresh gains in risky… read more
Australian FOREX Daily Outlook 13/04/2009
April 13, 2009USD gains on Profit taking 13/04/09 last week’s currency trading review The Dollar struck back at losses seen over the last 2 weeks to gain heavily after better than expected US data led some analysts to see the US coming out of the economic crisis before Japan and Europe. The… read more
