Markets Bounce after Friday’s Sell off CURRENCY TRADING SUMMARY – 20th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) bargain hunting began in Asia with stocks staging a modest rally around the globe. US Company Earnings were quite positive but after the bell IBM released results that… 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 16/07/2010
July 16, 2010USD Sold on Economic Concerns CURRENCY TRADING SUMMARY – 16th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) some surprisingly weak US manufacturing data sent US stock markets and the USD down overnight. The Empire State survey dropped to 5.1 vs. 18 forecast. Strong Company Earning offset… read more
Australian FOREX Daily Outlook 15/07/2010
July 15, 2010Stock Rally Stalls at Highs CURRENCY TRADING SUMMARY – 15th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) after six days of gains the market was exhausted on the topside and with the disappointing US retail Sales the market was primed to pull back. Also released last… read more
Australian FOREX Daily Outlook 14/07/2010
July 14, 2010Equity Rally moves into 6th Day CURRENCY TRADING SUMMARY – 14th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) positive sentiment and continuation of gains in the US session saw risk currencies and the Euro trade at fresh month highs. May’s Trade balance was weak at -42bn… read more
Australian FOREX Daily Outlook 13/07/2010
July 13, 2010US Q2 Company Earning in Focus CURRENCY TRADING SUMMARY – 13th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) the market remained cautious but optimistic Monday ahead of the start of US company earning releases. Alcoa was in focus after hours in New York and strong numbers… read more
Australian FOREX Daily Outlook 12/07/2010
July 12, 2010Oil Finishes Solid Week Above $76 CURRENCY TRADING SUMMARY – 12th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) the relief rally continued on Friday with stocks finishing at fresh month highs and investor sentiment remaining strong as Eurozone Banking concerns recede. Focus this week will turn… read more
Australian FOREX Daily Outlook 09/07/2010
July 9, 2010Rally Continues, Risk On CURRENCY TRADING SUMMARY – 9th July (00:30 GMT) Written by Anthony Darvall U.S. Dollar Trading (USD) with more positive news in the IMF upgrading World GDP to 4.6% vs. 4.2% the market extended its rally for a third day. The USD was weaker against most currencies… read more
Australian FOREX Daily Outlook 08/07/2010
July 8, 2010Bulls Return in Force CURRENCY TRADING SUMMARY – 8th July (00:30 GMT) U.S. Dollar Trading (USD) was sold off aggressively in the European and US sessions as the Dow Jones posted its biggest rally since May. The only currency the Greenback could gain against was the other safe haven in… read more
Australian FOREX Daily Outlook 07/07/2010
July 7, 2010Asia Sparks Global Rally CURRENCY TRADING SUMMARY – 7th July (00:30 GMT) U.S. Dollar Trading (USD) continued to be under pressure as the stock market rallied and US data disappointed. June ISM Services dropped to 53.8 vs. 55.4 previously and confirms a long string of recent data that the US… read more
Australian FOREX Daily Outlook 06/07/2010
July 6, 2010Stock Markets Under Pressure Risk Off CURRENCY TRADING SUMMARY – 6th July (00:30 GMT) U.S. Dollar Trading (USD) with the US away on Holiday today the market took most of its cue from Europe which traded with a heavy tone. With the weak sentiment still remaining from Friday’s Non Farm… read more
