US Stocks Rebound on M& A action CURRENCY TRADING SUMMARY – 29th September (00:30GMT) U.S. Dollar Trading (USD) found strength in Asia on Nikkei losses (-2.5%) but had a very volatile day against the Yen. A sharpy reversal in Sentiment in the US session from a substantial broad based rally… 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 28/09/2009
September 28, 2009US stocks fall for a third day CURRENCY TRADING SUMMARY – 28th September (00:30GMT) U.S. Dollar Trading (USD) failed to gain from the fall in stocks although any weakness in Majors was mild except for the USD/JPY. Oil was also able to bounce after heavy losses during the week as… read more
Australian FOREX Daily Outlook 24/09/2009
September 24, 2009FOMC Upgrades View, Stocks Dip CURRENCY TRADING SUMMARY – 24th September (00:30GMT) U.S. Dollar Trading (USD) was extremely volatile inline with most FOMC trading days. The market initially sold USD after the announcement on the comment that interest rates would be kept low for an extended period of time. The… read more
Australian FOREX Daily Outlook 23/09/2009
September 23, 2009USD Crumbles ahead of FOMC CURRENCY TRADING SUMMARY – 23rd September (00:30GMT) U.S. Dollar Trading (USD) started to fall in Asia and the move accelerated in Europe as the market through caution to the wind and sold the dollar aggressively. New Year Highs were seen on the EURO, CHF and… read more
Australian FOREX Daily Outlook 22/09/2009
September 22, 2009USD Starts to Climb on FOMC Uncertainty CURRENCY TRADING SUMMARY – 22nd September (00:30GMT) U.S. Dollar Trading (USD) was well supported from the open Monday as the market took risk off the table ahead of Wednesday’s FOMC meeting. The meeting could prove critical for the USD as policy makers express… read more
Australian FOREX Daily Outlook 21/09/2009
September 21, 2009Market Steady into Weekend CURRENCY TRADING SUMMARY – 21st September (00:30GMT) U.S. Dollar Trading (USD) gained through bouts of profit taking ahead of the weekend although gains were small as US stocks continued to march higher. This week holds major risk events for the Dollar including the FOMC meeting on… read more
Australian FOREX Daily Outlook 18/09/2009
September 18, 2009USD rebounds after Fresh lows CURRENCY TRADING SUMMARY – 18th September (00:30GMT) U.S. Dollar Trading (USD) finally hit a bottom as the stock market rally stalled in the US and profit taking set in for the rest of the day. USD/JPY rallied and the Euro fell back from Fresh year… read more
Australian FOREX Daily Outlook 17/09/2009
September 17, 2009USD falls another leg CURRENCY TRADING SUMMARY – 17th September (00:30GMT) U.S. Dollar Trading (USD) traded at fresh year lows on the Dollar Index going into Europe as the EURO and AUD traded at year highs. August Industrial Output rose 0.8% vs. 0.3% forecast and CPI rose 0.4% vs. 0.3%… read more
Australian FOREX Daily Outlook 16/09/2009
September 16, 2009Bernanke stokes Rally CURRENCY TRADING SUMMARY – 16th September (00:30GMT) U.S. Dollar Trading (USD) was sold against everything except the Yen and Pound as US stocks soared to fresh year highs on strong Retail Sales and promising comments from Fed Chief Bernanke. Bernanke commented the recession is ‘probably over’ for… read more
Australian FOREX Daily Outlook 11/09/2009
September 11, 2009Dow Jones Closes at Fresh Year High CURRENCY TRADING SUMMARY – 11th September (00:30GMT) U.S. Dollar Trading (USD) the rout continued overnight with USD strength being once again turned around and the market testing multiple levels across the board. The catalyst for today’s dollar weakness was surprising weakness in July… read more
