Markets Stable, Oil Higher CURRENCY TRADING SUMMARY – 29th December (00:30GMT) U.S. Dollar Trading (USD) markets returned from the Christmas break in a lackluster mood with recent ranges holding and the action reserved only for Crude Oil. Trading remains thin with little economic data released and many traders away for… 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 24/12/2009
December 24, 2009New Home Sales Slump CURRENCY TRADING SUMMARY – 24th December (00:30GMT) U.S. Dollar Trading (USD) November Home Sales slumped to 355k vs. 442k forecast and invited traders to rethink the recent Dollar rally and the timing of US interest rate hikes. This combined with a significant rally in Oil to… read more
Australian FOREX Daily Outlook 23/12/2009
December 23, 2009US GDP Slows Down CURRENCY TRADING SUMMARY – 23rd December (00:30GMT) U.S. Dollar Trading (USD) more Dollar strength was seen as the market ignored weaker than expected Q3 GDP to +2.2% from +2.8%. November US Existing Home Sales were +7.4% m/m at 6.54mln vs. 6.25mn forecast. DJIA +50 points closing… read more
Australian FOREX Daily Outlook 22/12/2009
December 22, 2009Dollar Rally Continues CURRENCY TRADING SUMMARY – 22nd December (00:30GMT) U.S. Dollar Trading (USD) the new dollar trend extended gains in quiet holiday trading. Not even a solid performance from US stocks could induce Dollar weakness in a dangerous sign for the bears still out there. Little Economic data was… read more
Australian FOREX Daily Outlook 21/12/2009
December 21, 2009EUR/CHF Testing the Swiss National Bank’s Resolve CURRENCY TRADING SUMMARY – 21st December (00:30GMT) U.S. Dollar Trading (USD) bouts of strength were seen throughout the day with EUR/USD breaking below 1.4300 and USD/JPY pushing higher into the Y90’s. Other currencies were mixed with risk improving throughout the day and commodities… read more
Australian FOREX Daily Outlook 18/12/2009
December 18, 2009USD Building Momentum CURRENCY TRADING SUMMARY – 18th December (00:30GMT) U.S. Dollar Trading (USD) enjoyed strength across the board as the biggest currency pair, the Euro saw a major break lower. USD/JPY also broke higher above the key 90 Yen level but failed to push too much further with risk… read more
Australian FOREX Daily Outlook 17/12/2009
December 17, 2009FOMC keep rates low for ‘extended period’ CURRENCY TRADING SUMMARY – 17th December (00:30GMT) U.S. Dollar Trading (USD) was strong after the FOMC announcement but failed to break key levels against the Yen or the Euro and gave up ground against some risk currencies. The FOMC statement was largely unchanged… read more
Australian FOREX Daily Outlook 16/12/2009
December 16, 2009Dollar Rally Continues, FOMC Ahead CURRENCY TRADING SUMMARY – 16th December (00:30GMT) U.S. Dollar Trading (USD) large gains were made across the board as USD strength intensified. November PPI jumped 1.8% vs. 0.8% forecast and helped stoke inflation concerns. Also strong November Industrial Output forecast at 0.8% vs. 0.5% previously…. read more
Australian FOREX Daily Outlook 15/12/2009
December 15, 2009Dubai Bailout Spurs Risk Appetite CURRENCY TRADING SUMMARY – 15th December (00:30GMT) U.S. Dollar Trading (USD) stocks shot to year highs as the market reacted to Abu Dhabi’s $10bn backing of Dubai World. Risky currencies shot higher but the market failed to follow through with the USD remaining well supported… read more
Australian FOREX Daily Outlook 14/12/2009
December 14, 2009Dollar Gains on US Economic Recovery Hopes CURRENCY TRADING SUMMARY – 14th December (00:30GMT) U.S. Dollar Trading (USD) made gains across the board as US economic data surprised, helping to fuel speculation of early Fed action on US interest rates and a widening gap between the US and Eurozone’s recovery… read more
