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.
Australian FOREX Daily Outlook 27/09/2010
September 27, 2010Daily Outlook 27th September 2010 Dollar Struggling to Find Buyers U.S. Dollar Trading (USD) with stock markets extending gains on a near daily basis the USD continued to fall further with both EUR/USD and USD/JPY in play. August Durable Goods Orders -1.3% vs. -1.0% previously. In US stocks, DJIA +197… read more
Australian FOREX Daily Outlook 24/09/2010
September 24, 2010Daily Outlook 24th September 2010 Profit taking Put Sellers in Rare Control U.S. Dollar Trading (USD) had a good day as markets came under mild selling pressure with the recent stock rally seen by some analysts as a little overdone. August Existing Home Sales jumped +7.6% vs. -27% in July…. read more
Australian FOREX Daily Outlook 23/09/2010
September 23, 2010Daily Outlook 23rd September 2010 Dollar Selling Continues U.S. Dollar Trading (USD) reaction to the Fed easing comments continued into Europe with EUR/USD taking another leg higher and keeping the USD on the back foot. The USD index broke through the key 80 level and contributed to the broad weakness…. read more
Australian FOREX Daily Outlook 22/09/2010
September 22, 2010Daily Outlook 22nd September 2010 Fed Hints as New Easing, Dollar Weak U.S. Dollar Trading (USD) was sold aggressively across the board on comments in the FOMC Policy statement the FED was ready to provide additional accommodation if the economy needed. Such support would probably be in the form of… read more
Australian FOREX Daily Outlook 21/09/2010
September 21, 2010Daily Outlook 21st September 2010 Stocks Rally ahead of Key US Interest Rate Meeting U.S. Dollar Trading (USD) positive stock momentum continued in the US session even as European Debt worries heated up overnight to allow a modest rally in risk trades. Oil and the Aussie was were the biggest… read more
Australian FOREX Daily Outlook 20/09/2010
September 20, 2010Daily Outlook 20th September 2010 IMF IRISH BAILOUT RUMOURS U.S. Dollar Trading (USD) some weak consumer confidence data prompted some profit taking in stocks on Friday and allowed the USD to pare back some of its weekly losses. UoM September Consumer Sentiment fell to 66.6 vs. 68.9 previously. August CPI… read more
Australian FOREX Daily Outlook 17/09/2010
September 17, 2010Daily Outlook 17th September 2010 Yen Weakness Continues U.S. Dollar Trading (USD) markets where range bound with the dollar unchanged against most pairs and little movement in the stock markets. Weekly Jobless Claims were solid at 453k vs. 460k forecast. August PPI accelerated at 0.4% m/m vs. 0.3% m/m forecast.In… read more
Australian FOREX Daily Outlook 16/09/2010
September 16, 2010Japan Intervenes, USD/JPY Soars CURRENCY TRADING SUMMARY (00:30 GMT) U.S. Dollar Trading (USD) enjoyed heavy gains against the Yen and allowed some strength to overflow against other majors. August Industrial Production gained 0.2% as expected. Stocks managed small gains although momentum is slowing. In US stocks, DJIA +46 points closing… read more
