USD Bounces but is sold Again CURRENCY TRADING SUMMARY – 10th September (00:30GMT) U.S. Dollar Trading (USD) was able to muster a small rally in Asia heading into Europe on Asian stocks before finding sellers and heading to new year lows against against a basket of its biggest trading partners…. 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 09/09/2009
September 9, 2009Gold Breaks $1000 an ounce, USD under Pressure CURRENCY TRADING SUMMARY – 9th September (00:30GMT) U.S. Dollar Trading (USD) suffered broad based weakness as the biggest FX pair the EUR/USD broke out the recent range to the topside. The catalyst was seen to be Gold breaking above the key psychological… read more
Australian FOREX Daily Outlook 08/09/2009
September 8, 2009Global Stocks Extend Rally CURRENCY TRADING SUMMARY – 8th September (00:30GMT) U.S. Dollar Trading (USD) continued to be sold on Monday although the market kept to tight ranges as the US was away on Holidays. Asian and European stocks rallied on the lead from US stocks Friday and commodities ended… read more
Australian FOREX Daily Outlook 07/09/2009
September 7, 2009US Unemployment rises to 9.7% CURRENCY TRADING SUMMARY – 7th September (00:30GMT) U.S. Dollar Trading (USD) was volatile as usual for a non farm payroll event but immediate strength after the release of the Unemployment data was reversed as US stocks turned higher from the open. Risk was put back… read more
Australian FOREX Daily Outlook 04/09/2009
September 4, 2009Gold nears $1000 an ounce CURRENCY TRADING SUMMARY –4th September (00:30GMT) U.S. Dollar Trading (USD) continued to be sold in the Asian session as news of no new curbs on banking helped shanghai rise +4.8%. Weekly Jobless Claims forecast at 560k came in at 570k. Also released, August ISM-manufacturing forecast… read more
Australian FOREX Daily Outlook 02/09/2009
September 2, 2009US Stocks Tumble CURRENCY TRADING SUMMARY – 2nd September (00:30GMT) U.S. Dollar Trading (USD) gained heavily in the US session as risk appetite took a massive shift for the worse. Very strong US August Manufacturing PMI data was overlooked at 52.9 vs. 48.9 previously. September is a traditional bear month… read more
Australian FOREX Daily Outlook 01/09/2009
September 1, 2009China stocks Crash -6.7% CURRENCY TRADING SUMMARY – 1st September (00:30GMT) U.S. Dollar Trading (USD) strengthening in Asia as China stocks slipped further into the red before reversing in the US session to end on a weak note. USD/JPY has continued to weigh on the dollar as the two currencies… read more
Australian FOREX Daily Outlook 31/08/2009
August 31, 2009Japanese Government Change, Yen Strong CURRENCY TRADING SUMMARY – 31st August (00:30GMT) U.S. Dollar Trading (USD) managed small gains into the weekend although lost more ground against the Yen as traders bet correctly on a change of government. Data was mixed with improvement in UoM Consumer Confidence at 65.7 vs…. read more
Australian FOREX Daily Outlook 27/08/2009
August 27, 2009China Curbing Over Investment CURRENCY TRADING SUMMARY – 27th August (00:30GMT) U.S. Dollar Trading (USD) strong US data failed to inspire fresh stock gains. News of China curbing investment sent commodities and risk currencies lower. New Homes sales rose 9% as expected and Durable Goods rose 4.9% vs. 3% forecast…. read more
Australian FOREX Daily Outlook 26/08/2009
August 26, 2009Oil crashes after testing $75 CURRENCY TRADING SUMMARY – 26th August (00:30GMT) U.S. Dollar Trading (USD) had another day of range trading with strength in Asia countered by weakness in Europe followed by Strength in New York. China stocks dropped over 5% at one stage in Asia before paring losses… read more
