Sharp Bounce Rescues Bulls CURRENCY TRADING SUMMARY – 30th October (00:30GMT) U.S. Dollar Trading (USD) gave back all the gains of the previous day as the US economy emerged from recession a blistering 3.5% pace in Q3. Major stimulus programs and large rebounds in asset values all helped the economy… 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 29/10/2009
October 29, 2009Market Plunges, Dollar Soars CURRENCY TRADING SUMMARY – 29th October (00:30GMT) U.S. Dollar Trading (USD) was second only to the Yen as markets around the world were deep in the red and risk aversion came back into play. September Durable Goods Orders 1.0% vs. -2.6% previously. Hurting sentiment was the… read more
Australian FOREX Daily Outlook 28/10/2009
October 28, 2009Euro Continues lower CURRENCY TRADING SUMMARY – 28th October (00:30GMT) U.S. Dollar Trading (USD) was strong in general as US stocks remained on the back foot. Risk sentiment was also dented by a large fall in US consumer Confidence with October dropping to 47.7 vs. 53.4 previously. August Case-Shiller House… read more
Australian FOREX Daily Outlook 27/10/2009
October 27, 2009US Stocks Slide CURRENCY TRADING SUMMARY – 27th October (00:30GMT) U.S. Dollar Trading (USD) gained across the board as US stocks came under continued pressure and reports that China should diversify its reserves into Euro’s and Yen was discounted as personal opinion of the author. Banking stocks led the market… read more
Australian FOREX Daily Outlook 26/10/2009
October 26, 2009USD finding support CURRENCY TRADING SUMMARY – 26th October (00:30GMT) U.S. Dollar Trading (USD) was on the front foot as risk appetite waned and profit taking on the most pairs saw the USD gain across the board. The Euro struggled to stay above 1.5000 and USD/JPY made fresh multi-month highs… read more
Australian FOREX Daily Outlook 23/10/2009
October 23, 2009Stocks Soar in US CURRENCY TRADING SUMMARY – 23rd October (00:30GMT) U.S. Dollar Trading (USD) gained during the day as hedge fund sales of long NZD, AUD positions helped the Dollar. A sharp reversal in US stocks put the USD on the back foot with the EURO regaining the 1.5000… read more
Australian FOREX Daily Outlook 21/10/2009
October 21, 2009Market Jitters Again CURRENCY TRADING SUMMARY – 21st October (00:30GMT) U.S. Dollar Trading (USD) the USD was on the back foot in Asia as hawkish RBA comments sent AUD and EURO to fresh highs. Weak US stocks on the back of disappointing Housing Starts at 0.59m vs. 0.61m forecast. The… read more
Australian FOREX Daily Outlook 20/10/2009
October 20, 2009Risk Appetite turned back on CURRENCY TRADING SUMMARY – 20th October (00:30GMT) U.S. Dollar Trading (USD) resumed weakening overnight as stock buying resumed on speculation that Q3 results will be robust. There was little data out and Bernanke’s speech was failed to offer the dollar support and if anything added… read more
Australian FOREX Daily Outlook 19/10/2009
October 19, 2009Dollar Rebounds as Mood Sours CURRENCY TRADING SUMMARY – 19th October (00:30GMT) U.S. Dollar Trading (USD) gained for the first time during the week as US stocks came off year highs. Bank of America led the market lower after disappointing Q3 Earnings. October University of Michigan fell to 69.4 vs…. read more
Australian FOREX Daily Outlook 16/10/2009
October 16, 2009Oil higher, AUD still commanding CURRENCY TRADING SUMMARY – 16th October (00:30GMT) U.S. Dollar Trading (USD) was whippy in trading on Thursday mixed against a number of majors, and posted rebounds against XAU. On the data front the initial jobless claims fell by 10k to 514k, coinciding with 10 month… read more
