USD strong as Stocks pull back CURRENCY TRADING SUMMARY – 13th November (00:30GMT) U.S. Dollar Trading (USD) gained across the board as USD shorts covered on the back of falling stocks and comments from Chinese Premier Wen Jiabao that the global recovery road will be bumpy. Also supporting the dollar… 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 12/11/2009
November 12, 2009Pound Hit by King’s comments CURRENCY TRADING SUMMARY – 12th November (00:30GMT) U.S. Dollar Trading (USD) hit fresh lows on the dollar index breaking through 75 to fresh lows this year. Gold continued to edge higher in light trade with the US away. Stocks finished higher across the board but… read more
Australian FOREX Daily Outlook 11/11/2009
November 11, 2009Markets Consolidate Gains CURRENCY TRADING SUMMARY – 11th November (00:30GMT) U.S. Dollar Trading (USD) gained in Asia as profit taking set in but this proved short lived as stocks in the US eked out small gains to bring the rally into its 7th day. Little data was released but five… read more
Australian FOREX Daily Outlook 10/11/2009
November 10, 2009Global Stocks Rally, USD Weak CURRENCY TRADING SUMMARY – 10th November (00:30GMT) U.S. Dollar Trading (USD) a global stock rally led most pairs to gain against the greenback as investors searched for higher yielding investments. AUD and NZD were especially strong with the highest interest rates of the major currencies…. read more
Australian FOREX Daily Outlook 09/11/2009
November 9, 2009US Unemployment Rate passes 10% CURRENCY TRADING SUMMARY – 9th November (00:30GMT) U.S. Dollar Trading (USD) a surprise jump in the October Unemployment Rate to above the psychological 10% barrier kept the rebound in investor confidence contained on Friday with the stock market ending unchanged and the Dollar on the… read more
Australian FOREX Daily Outlook 06/11/2009
November 6, 2009US Unemployment Data Looming CURRENCY TRADING SUMMARY – 6th November (00:30GMT) U.S. Dollar Trading (USD) with stocks rallying for a 4th day the market went back into ‘risk on’ mode and the USD was on the back foot. Weekly Jobless claims were 512k vs. 530k previously. Q3 Productivity at 9.5%… read more
Australian FOREX Daily Outlook 05/11/2009
November 5, 2009FED remains Dovish, USD Weak CURRENCY TRADING SUMMARY – 5th November (00:30GMT) U.S. Dollar Trading (USD) was on the back foot as stocks rallied around the world and the Federal Reserve left rates at 0.25% and stating that rates would remain low for an extended period of time. ADP October… read more
Australian FOREX Daily Outlook 04/11/2009
November 4, 2009Attention turns to FOMC CURRENCY TRADING SUMMARY – 4th November (00:30GMT) U.S. Dollar Trading (USD) hit multi-week highs in Europe against a raft of currencies as banking worries put stock markets on the back foot. News of India buying gold and Warren Buffet making a large investment in US railways… read more
Australian FOREX Daily Outlook 03/11/2009
November 3, 2009US Manufacturing expands CURRENCY TRADING SUMMARY – 3rd November (00:30GMT) U.S. Dollar Trading (USD) was mixed as stocks remained volatile with good data not generating substantial gains in the stock markets. October ISM Manufacturing was 55.7 vs. 53 forecast. September Pending Home Sales gained 6.1%. The Dollar hit day highs… read more
Australian FOREX Daily Outlook 02/11/2009
November 2, 2009Dark Clouds Return, Dollar Gains CURRENCY TRADING SUMMARY – 2nd November (00:30GMT) U.S. Dollar Trading (USD) was very strong as risk aversion came back into the market as concerns about CIT bankruptcy and weak personal spending -0.5% in September sent US stock markets down over 2.5%. Also of note to… read more
