Weekly Summary – 17th August 2010 Stock markets under pressure, Euro Weak Last week’s currency trading review The Dollar was well supported in as stocks markets came under heavy selling pressure throughout the week and Eurozone banking concerns resurfaced. The FOMC on Tuesday offered some USD negatives but these where… read more
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.
Weekly Summary – 10th August 2010 USD WEAK AHEAD OF US INTEREST RATE MEETING Last week’s currency trading review The Dollar remained under heavy selling pressure with Friday’s weak Jobs Data accelerating the selloff. July Nonfarm Payrolls missed at -131k vs. -65k forecast. Stock markets where able to brush off… read more
Weekly Summary – 2nd August 2010 Big Data Week, Rate Decisions and US Jobs Last week’s currency trading review The Dollar the trend away from the USD continued with improving investor confidence leading to demand for higher yielding currencies such as the AUD and NZD. June New Home Sales beat… read more
Weekly Summary – 26th July 2010 Q2 GDP Ahead, Stocks Firm Last week’s currency trading review The Dollar was under pressure with weak economic data combining with strong company earnings to leave little demand for the Greenback. June Housing starts were at 0.55m vs. 0.58 forecast whilst Weekly Jobless Claims… read more
Weekly Summary – 12th July 2010 Euro Finds Support as Stock Selling Continues Last week’s currency trading review The Dollar was under broad based pressure last week as stocks staged a 4 day rally the biggest since May and the Euro and risk currencies surged. Oil Rallied $4 a barrel… read more
Weekly Summary – 6th July 2010 Euro Finds Support as Stock Selling Continues Last week’s currency trading review The Dollar fell sharply against the majors as US economic data soured investor appetite for the safe haven. June CB Consumer Confidence fell to 52 vs. 62 previously and May ISM Manufacturing… read more
Weekly Summary – 28th June 2010 China lets Currency Strengthen into the G20 meeting Last week’s currency trading review The Dollar a global stock market rally on news that China will allow the Yuan to strengthen overtime was quickly discounted and stock markets spent the rest of the week falling… read more
Weekly Summary – 22nd June 2010 G20 Ahead, Focus on China Currency Reform Last week’s currency trading review The Dollar lost ground across the board as global equities rallied for a 2nd week and risk appetite remained strong. Economic data was mixed with Housing starts dropping to 0.59m vs. 0.65mn… read more
Strong Chinese Data Prompts Relief Rally Last week’s currency trading review The Dollar was on the backfoot for most of the week as stock markets staged an impressive rebound. Heavily overbought, the USD was ripe for profit taking and the market did so in a broad based fashion. April’s Trade… read more
Fear Returns On Friday Last week’s currency trading review The Dollar spent the first part of the week on the back foot as risk appetite slowly picked up. Sentiment turned quickly on Friday however as the Dow Jones crashed over 300 points for its first weekly close under the 10000… read more