US Unemployment Rate Drops in July CURRENCY TRADING SUMMARY – 10th August (00:30GMT) U.S. Dollar Trading (USD) broke some usual correlations with strong stocks resulting in USD strength on the back of US Unemployment Data. July Unemployment rate at 9.4% vs. 9.6% expected and Non Farm Payrolls at -247k vs…. 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 7/08/2009
August 7, 2009BOE Expands Quantitative Easing CURRENCY TRADING SUMMARY – 7th August (00:30GMT) U.S. Dollar Trading (USD) strengthened as profit taking on the stock markets led to a mild case of risk aversion. GBP losses added to USD strength and caution ahead of non farm payrolls also played into the dollar’s hands…. read more
Australian FOREX Daily Outlook 06/08/2009
August 6, 2009Attention turns to the ECB and BOE CURRENCY TRADING SUMMARY – 6th August (00:30GMT) U.S. Dollar Trading (USD) some more cautious US data helped send the stocks markets lower and offered the USD some relief from the relentless selling seen in recent days. July ADP fell -371k vs. -463k previously… read more
Australian FOREX Daily Outlook 05/08/2009
August 5, 2009US Housing Data Continues to Strengthen CURRENCY TRADING SUMMARY – 5th August (00:30GMT) U.S. Dollar Trading (USD) strong pending home sales +3.6% in June kept risk appetite going in the US session after bouts of profit taking in the Asian and European session. The USD followed the same pattern stronger… read more
Australian FOREX Daily Outlook 04/08/2009
August 4, 2009S& P Breaks 1000, Risk On CURRENCY TRADING SUMMARY – 4th August (00:30GMT) U.S. Dollar Trading (USD) the positive sentiment remained from Friday in Asia hurting the USD which was sold against nearly all everything except the Yen. Oil continued higher and the risk appetite hit new highs with the… read more
Australian FOREX Daily Outlook 03/08/2009
August 3, 2009US GDP beats Expectations CURRENCY TRADING SUMMARY – 3rd August (00:30GMT) U.S. Dollar Trading (USD) better than expected Q2 GDP helped buoy Oil and Global Equity markets to finish the week strong at the expense of the USD. Q2 GDP at -1.0% vs. -1.5%. US July Chicago PMI jumped to… read more
Australian FOREX Daily Outlook 31/07/2009
July 31, 2009China rebounds and US stocks Soar CURRENCY TRADING SUMMARY – 31st July (00:30GMT) U.S. Dollar Trading (USD) weakened as US stocks broke to fresh year highs and risk appetite returned, pushing high yielding currencies up. Crude Oil rebounded as much as it fell yesterday up 6% with the China government… read more
Australian FOREX Daily Outlook 30/07/2009
July 30, 2009Shanghai Down, Oil Down More CURRENCY TRADING SUMMARY – 30th July (00:30GMT) U.S. Dollar Trading (USD) gained strength from multiple sources building on yesterday’s strength to push significantly higher against a broad range of currencies. China stocks fell 5% on bank loan concerns and crude slumped nearly 6% on weak… read more
Australian FOREX Daily Outlook 29/07/2009
July 29, 2009USD Bounces Back from the Brink CURRENCY TRADING SUMMARY – 29th July (00:30GMT) U.S. Dollar Trading (USD) the Dollar index bounced off a key level overnight at 78.30 last visited in May. The Failure of the Euro at 1.4300 and subsequent sell off dragged all the majors lower. Weak stocks… read more
Australian FOREX Daily Outlook 28/07/2009
July 28, 2009USD under pressure from risk taking CURRENCY TRADING SUMMARY – 28th July (00:30GMT) U.S. Dollar Trading (USD) was sold for most of Asia and Europe before a slide in US stocks at the open gave the USD a short term reprieve. The EURO and AUD were pressuring month highs threatening… read more
