Stocks Soar as Investors Return CURRENCY TRADING SUMMARY – 16th June (00:30 GMT) U.S. Dollar Trading (USD) the Euro led the majors higher against the Dollar with US stocks markets extending the recent rally and ending in the overall positive territory for the first time this month. June US NAHB… 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 15/06/2010
June 15, 2010Risk Rally Cut Short By Moody Downgrade of Greece CURRENCY TRADING SUMMARY – 15th June (00:30 GMT) U.S. Dollar Trading (USD) Global stocks continued to rebound early Monday with positive sentiment sending the Dollar lower across the board. The mood changed however late in the US session after moody cut… read more
Australian FOREX Daily Outlook 14/06/2010
June 14, 2010Risk Appetite Slowly Returning CURRENCY TRADING SUMMARY – 14th June (00:30 GMT) U.S. Dollar Trading (USD) remained on the weak side as stocks and most currencies pushed higher into the weekend overcoming weak US Retail Sales data. May Retail Sales slumped -1.2% vs. +0.2% forecast. The data was countered however… read more
Australian FOREX Daily Outlook 11/06/2010
June 11, 2010Relief Rally as US Stocks Soar CURRENCY TRADING SUMMARY – 11th June (00:30 GMT) U.S. Dollar Trading (USD) gave up recent gains in a risk on environment as global stocks rallied and risk aversion eased. Weekly Jobless Claims were steady at 456k vs. 453k previously and April’s Trade Balance was… read more
Australian FOREX Daily Outlook 10/06/2010
June 10, 2010China Trade Data Helps Risk Appetite CURRENCY TRADING SUMMARY – 10th June (00:30 GMT) U.S. Dollar Trading (USD) was on the back foot as risk appetite picked up in Asia on leaked China Trade Data showing a jump in Exports of 50% vs. 32%. The data is to be officially… read more
Australian FOREX Daily Outlook 09/06/2010
June 9, 2010Gold Set New Record Above $1250 CURRENCY TRADING SUMMARY – 9th June (00:30 GMT) U.S. Dollar Trading (USD) in another volatile day of trading the market roller coaster continued with a rally in Asia sold off in Europe but finished back at day highs in the US. Bernanke helped markets… read more
Australian FOREX Daily Outlook 08/06/2010
June 8, 2010Markets Searching for Support CURRENCY TRADING SUMMARY – 8th June (00:30 GMT) U.S. Dollar Trading (USD) weak Asian stocks (Nikkei -4% at one point) kept risk off for most of the day with a mild recovery being sold into and the equity markets closing near day lows. April Consumer Credit… read more
Australian FOREX Daily Outlook 07/06/2010
June 7, 2010EUR/USD Breaks 1.20 on Hungary Concerns CURRENCY TRADING SUMMARY – 7th June (00:30 GMT) U.S. Dollar Trading (USD) risk aversion spiked again on Friday with weaker than expected Jobs data compounded by renewed European Concerns. May Non Farms increased by 431k vs. 513k forecast and included 411k census jobs. May’s… read more
Australian FOREX Daily Outlook 04/06/2010
June 4, 2010Euro Still Struggling CURRENCY TRADING SUMMARY – 4th June (00:30 GMT) U.S. Dollar Trading (USD) risk was on in Asia before the fizzling in the US session on subdued job numbers. May ADP private employment was at 55k vs 60k forecast and Weekly Jobless Claims were at 453k vs. 450k… read more
Australian FOREX Daily Outlook 03/06/2010
June 3, 2010Stocks Rebound ‘Risk On’ CURRENCY TRADING SUMMARY – 3rd June (00:30 GMT) U.S. Dollar Trading (USD) was on the back foot after the US stock market staged an impressive rally after Asian and European stocks were quite weak. The exception was the Yen however as Japanese PM Hatoyama resigned and… read more
