Bernanke Bounce Fades Quickly CURRENCY TRADING SUMMARY – 31st August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) started the day on a weak footing on expectations that an emergency BOJ meeting will support global stock markets further. When the BOJ failed to meet market expectations the sentiment… 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 30/08/2010
August 30, 2010FED ‘will act if necessary’ CURRENCY TRADING SUMMARY – 30th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk was put back in the market after better than expected US GDP and strong words of support from Fed Chief Bernanke at the Jackson Hole. Q2 GDP was… read more
Australian FOREX Daily Outlook 27/08/2010
August 27, 2010Attention on Bernanke’s Speech Today CURRENCY TRADING SUMMARY – 27th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was sold on an attempted global rally in Asia but losses where limited and when US stocks sank the Dollar’s misfortune was reversed. Weekly Jobless Claims were at 473k… read more
Australian FOREX Daily Outlook 26/08/2010
August 26, 2010Relief Rally Helps Lift Gloomy Markets CURRENCY TRADING SUMMARY – 26th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) when US data missed expectations once again the stock markets fell but support was found and a sharp rally was seen in the US close. July New Home… read more
Australian FOREX Daily Outlook 25/08/2010
August 25, 2010US Housing Weakness Accelerates CURRENCY TRADING SUMMARY – 25th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) had a volatile trading day with USD strength on the back of risk aversion in Europe reversed as US housing data weakened further. July Existing Home Sales fell 27% as… read more
Australian FOREX Daily Outlook 24/08/2010
August 24, 2010Stocks Remain Weak in the US CURRENCY TRADING SUMMARY – 24th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) closed the day strong but was weakest in Asia as the market tried to rally. Stock markets in the US turned south on bearish comments from FOMC Member… read more
Australian FOREX Daily Outlook 23/08/2010
August 23, 2010Australian Election Stalemate, AUD Falls CURRENCY TRADING SUMMARY – 23rd August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was strong on Friday as stocks markets around the world remained heavy and the Euro lead majors lower. The outlook is a little mixed going forward however as the… read more
Australian FOREX Daily Outlook 20/08/2010
August 20, 2010Sentiment Weak Again as US Jobs Disappoint CURRENCY TRADING SUMMARY – 20th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk aversion spiked on the back of weak US data. Weekly Jobless Claims were 500k vs. 476k forecast for the highest reading this year. Also surprising, August… read more
Australian FOREX Daily Outlook 19/08/2010
August 19, 2010Markets Rangebound, Waiting for Fresh Direction CURRENCY TRADING SUMMARY – 19th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was mixed once again ending slightly stronger against risk currencies as US equities failed to hold onto intraday gains. Weekly Crude Oil Inventories fell -0.8m vs. -3m previously…. read more
Australian FOREX Daily Outlook 18/08/2010
August 18, 2010Downside Support Found, Market Rallies CURRENCY TRADING SUMMARY – 18th August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) eased throughout the day as market fear subsided and stocks rallied in Europe and the US. Economic data was upbeat with July Industrial Production +1.0% vs. +0.5% forecast m/m…. read more
