Euro Breaks Higher, Australian Rate Announcement CURRENCY TRADING SUMMARY – 3rd August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) stocks surged as global investor sentiment continued to improve and major tech levels were broken on the topside. July’s ISM manufacturing figures came in better than expected at… 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 02/08/2010
August 2, 2010US GDP Misses Estimates CURRENCY TRADING SUMMARY – 2nd August (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) investor appetite for riskier assets pushed the USD lower against the commodity currencies on Friday as Oil and Gold rallied. Data was mixed with Q2 GDP at 2.4% vs. 2.5%… read more
Australian FOREX Daily Outlook 30/07/2010
July 30, 2010USD Under Pressure, Euro Tests 1.3100 CURRENCY TRADING SUMMARY – 30th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk aversion helped the USD off lows but for most of the day the world’s reserve currency was under pressure with EUR/USD leading the market higher. Q2 Company… read more
Australian FOREX Daily Outlook 29/07/2010
July 29, 2010Profit taking stalls Rally CURRENCY TRADING SUMMARY – 29th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) weak economic data and a further pull back in Oil led the stock markets lower overnight but the selling was subdued and the sentiment remains positive. The USD continued to… read more
Australian FOREX Daily Outlook 28/07/2010
July 28, 2010Oil and Gold Slump CURRENCY TRADING SUMMARY – 28th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) traders were kept on their toes with resistance met on multiple asset classes and some sharp falls in commodities. July CB Consumer Confidence forecast fell 3 points to 50.4 but… read more
Australian FOREX Daily Outlook 27/07/2010
July 27, 2010Stocks Continue Rally, AUD Shines CURRENCY TRADING SUMMARY – 27th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) some good economic data in the June New Home Sales at 0.33m vs. 0.26m previously helped contain some of the USD weakness but the Reserve currency struggled in the… read more
Australian FOREX Daily Outlook 26/07/2010
July 26, 2010Euro Bank Stress Tests Released CURRENCY TRADING SUMMARY – 26th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) the dollar continued to struggle in the ‘risk on’ environment with US stocks extending the week’s gains to over 4%. The release of the EU bank stress results did… read more
Australian FOREX Daily Outlook 23/07/2010
July 23, 2010Optimism Returns, Risk Trades Back On CURRENCY TRADING SUMMARY – 23rd July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) was sold across the board as demand for the safe haven eased and the market bought stocks and commodities aggressively. Company Earnings were strong but economic data was… read more
Australian FOREX Daily Outlook 22/07/2010
July 22, 2010US Bank Chief Dampens Mood CURRENCY TRADING SUMMARY – 22nd July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) risk was taken off the table as the market reacted to Fed Chief Bernanke’s comments the US recovery was ‘unusually uncertain’. Stocks fell back and the Yen strengthened as… read more
Australian FOREX Daily Outlook 21/07/2010
July 21, 2010Euro Trades Briefly Above 1.3000 CURRENCY TRADING SUMMARY – 21st July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) volatility was evident in a wide range of markets yesterday with sentiment turning from very negative to extremely positive over the trading day. Weak results from IBM and Housing… read more
