China Tightens Bank Lending CURRENCY TRADING SUMMARY –27th January (00:30GMT) U.S. Dollar Trading (USD) gained heavily in Asia as risk aversion spiked on confirmation the Chinese government had asked banks to slow down lending. US stocks shrugged this off however as bargain hunters jumped in at lower levels and economic… 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 26/01/2010
January 26, 2010Markets Calm Down CURRENCY TRADING SUMMARY –26th January (00:30GMT) U.S. Dollar Trading (USD) lost some ground as stock markets rallied off lows and risk aversion fell back. December Home Sales Slumped to 5.45mln vs. 5.9mln forecast. The market sentiment improved with talk that Bernanke would be reconfirmed as Federal Reserve… read more
Australian FOREX Daily Outlook 25/01/2010
January 25, 2010US Stock Losses Extend For Third Day CURRENCY TRADING SUMMARY –25th January (00:30GMT) U.S. Dollar Trading (USD) stocks slumped in the US session as the market continued to react to Obama’s Bank reform plans and uncertainty over Bernanke’s confirmation added more worries for the market. The Dollar was mixed with… read more
Australian FOREX Daily Outlook 22/01/2010
January 22, 2010Obama Bank Plans Create Havoc CURRENCY TRADING SUMMARY –22nd January (00:30GMT) U.S. Dollar Trading (USD) Gained against risk currencies as stocks crashed but was very volatile against the EUR/USD and USD/JPY as the market digested Obama’s Bank regulation plan. The plans seek to limit the size and risk of Banks… read more
Australian FOREX Daily Outlook 21/01/2010
January 21, 2010Stocks Stumble, Dollar Gains CURRENCY TRADING SUMMARY –21st January (00:30GMT) U.S. Dollar Trading (USD) accelerated recent gains as US stocks came under heavy selling pressure and the Euro plunged to 20 week lows. Data was mixed with December Housing starts at 557K vs. 580k expected while Building Permits were at… read more
Australian FOREX Daily Outlook 20/01/2010
January 20, 2010EURO Tumble Continues CURRENCY TRADING SUMMARY –20th January (00:30GMT) U.S. Dollar Trading (USD) was able to gain against most pairs as the biggest currency pair the EUR/USD swooned and the USD/JPY garnered support from lows. Stocks markets were very strong and this led risk currencies such as the AUD and… read more
Australian FOREX Daily Outlook 19/01/2010
January 19, 2010Greece Debt Worries remain in Focus CURRENCY TRADING SUMMARY –19th January (00:30GMT) U.S. Dollar Trading (USD) weakened gently in quiet markets as US Bank Holiday kept trading thin. Stock markets came off lows in Asia and rallied in Europe to help risk appetite improve. Attention this week will be on… read more
Australian FOREX Daily Outlook 18/01/2010
January 18, 2010Risk Aversion helps Dollar Bounce CURRENCY TRADING SUMMARY –18th January (00:30GMT) U.S. Dollar Trading (USD) weaker than expected JP Morgan Results offset some upbeat Intel numbers to lead US stocks lower and help the Dollar gain into the weekend. Also adding to the renewed risk aversion was weaker than expected… read more
Australian FOREX Daily Outlook 15/01/2010
January 15, 2010Dollar Back Under Pressure CURRENCY TRADING SUMMARY –15th January (00:30GMT) U.S. Dollar Trading (USD) weak Retail Sales left the dollar offered against most of the majors especially as the stock market shrugged off the data and continued to track higher. December Retail Sales were at -0.3% vs. 0.5% previously. Weekly… read more
Australian FOREX Daily Outlook 14/01/2010
January 14, 2010Equity Rally Continues CURRENCY TRADING SUMMARY –14th January (00:30GMT) U.S. Dollar Trading (USD) remained on the back foot for most of the day as the Dollar buying from Tuesday subsided and risk appetite improved as US stocks climbed to fresh year highs. The Fed Beige Book kept the outlook quite… read more
