Dollar Sold Aggressively CURRENCY TRADING SUMMARY – 15th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) market speculation that the FED may introduce new Quantitative Easing as early as November. August Retails Sales were strong at 0.4% vs. 0.3% forecast m/m. Stocks struggled to extend gains though… read more
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 14/09/2010
September 14, 2010Banks Rally on New Capital Rules CURRENCY TRADING SUMMARY – 14th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) with little economic data released yesterday the market continued with its upward trend on stockmarkets and sold the USD across the board. Banks in particular did well around… read more
Australian FOREX Daily Outlook 13/09/2010
September 13, 2010China leading Risk Recovery CURRENCY TRADING SUMMARY – 13th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) stocks finished the week positive on Friday and encouraged USD and Yen selling. Oil jumped 3% and this helped commodity currencies such as the CAD rally. Over the weekend a… read more
Australian FOREX Daily Outlook 10/09/2010
September 10, 2010Aussie Up, Gold Down CURRENCY TRADING SUMMARY – 10th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was slightly weaker on the back of small gains in US stocks and increasing demand for higher yielding assets. Weekly Jobless Claims beat expectations falling to 451k vs. 478k. July’s… read more
Australian FOREX Daily Outlook 09/09/2010
September 9, 2010Stocks Resume Rally CURRENCY TRADING SUMMARY – 9th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk was put on after concerns about the Eurozone faded on solid auction from some European Countries and US stocks rallied new stimulus proposals from Obama ahead of the US Mid-term… read more
Australian FOREX Daily Outlook 08/09/2010
September 8, 2010Euro Falls Heavily CURRENCY TRADING SUMMARY – 8th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) mild risk aversion and heavy EUR/USD selling helped the Dollar gain against most pairs. In US stocks, DJIA -107points closing at 10340, S& P -12 points closing at 1091 and NASDAQ… read more
Australian FOREX Daily Outlook 07/09/2010
September 7, 2010US Holiday Keeps FX Markets Contained CURRENCY TRADING SUMMARY – 7th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) most pairs were range bound as US was way for Labor Day Holiday. The USD remained near post Nonfarm lows though as Asian and European stocks rallied. Looking… read more
Australian FOREX Daily Outlook 06/09/2010
September 6, 2010‘Risk On’ Inspires Dollar Weakness CURRENCY TRADING SUMMARY – 6th September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) better than expected albeit still negative August Job Numbers helped inspire further US stockmarket gains and create a risk on environment. The USD fared badly across the board with… read more
Australian FOREX Daily Outlook 02/09/2010
September 2, 2010Major Global Rally Sparked in Asia CURRENCY TRADING SUMMARY – 2nd September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) strong Chinese manufacturing data sent stocks higher in Asia and Europe and this accelerated in the US session on better than expected August ISM data at 56.3 vs…. read more
Australian FOREX Daily Outlook 01/09/2010
September 1, 2010House Prices Rise in US, Consumer Confidence Improves CURRENCY TRADING SUMMARY – 1st September (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) very weak Asian stocks helped the USD to intraday highs against most pairs except the other safe havens in the JPY and CHF. US sentiment improved… read more
