Market Slows Down into the Weekend CURRENCY TRADING SUMMARY – 27th July (00:30GMT) U.S. Dollar Trading (USD) bouts of profit taking capped a week of heavy gains for Equity markets and helped limit FX movements on Friday. UoM June Consumer Confidence was revised higher to 66 vs. 65.1 forecast. Crude… 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 23/07/2009
July 23, 2009Range Trading Continues CURRENCY TRADING SUMMARY – 23rd July (00:30GMT) U.S. Dollar Trading (USD) mixed results and US stocks kept most majors contained to their respective ranges. USD strength in Asia on profit taking was the theme but dip buyers emerged at the noted levels in the market. US House… read more
Australian FOREX Daily Outlook 22/07/2009
July 22, 2009Bernanke Helps US Dollar and Bonds CURRENCY TRADING SUMMARY – 22nd July (00:30GMT) U.S. Dollar Trading (USD) better than expected results from Caterpillar help US stocks extend their record breaking rally into a 7th day. A lot of Attention was given to Ben Bernanke’s speech before the government in which… read more
Australian FOREX Daily Outlook 21/07/2009
July 21, 2009CIT gets Bondholder Help CURRENCY TRADING SUMMARY – 21st July (00:30GMT) U.S. Dollar Trading (USD) was put squarely on the back foot as the largest currency pair EUR/USD broke through the topside of the recent range at 1.4200. Good news on the CIT front and a broad rally in the… read more
Australian FOREX Daily Outlook 20/07/2009
July 20, 2009US Housing Data Keeps Momentum Positive CURRENCY TRADING SUMMARY – 20th July (00:30GMT) U.S. Dollar Trading (USD) with significant stock gains under the belt already the market was prepared to quietly consolidate into the weekend but this was put on hold when US Housing data shocked to the upside. US… read more
Australian FOREX Daily Outlook 17/07/2009
July 17, 2009US Stocks lead rally for 4th day CURRENCY TRADING SUMMARY – 17th July (00:30GMT) U.S. Dollar Trading (USD) Natural profit taking took place for most of the Asian and European session until results from JP Morgan once gain put the bulls in the driving seat. The rally failed to inspire… read more
Australian FOREX Daily Outlook 16/07/2009
July 16, 2009US Stocks Soar, China GDP Eyed CURRENCY TRADING SUMMARY – 16th July (00:30GMT) U.S. Dollar Trading (USD) came under extreme pressure as US stocks soared the most in 3 months up 3.0%, extending Monday and Tuesday’s gains. Risk appetite flew higher and VIX index a widely watched risk gauge plummeted…. read more
Australian FOREX Daily Outlook 15/07/2009
July 15, 2009Goldman Sachs Day CURRENCY TRADING SUMMARY – 15th July (00:30GMT) U.S. Dollar Trading (USD) continued to weaken as Global stocks rallied after Monday’s rally in US stocks and Goldman Sachs 2nd Quarter results beat even optimistic forecasts and led to the continuation of strong risk appetite, albeit after a major… read more
Australian FOREX Daily Outlook 14/07/2009
July 14, 2009Market Mood Flips Again CURRENCY TRADING SUMMARY – 14th July (00:30GMT) U.S. Dollar Trading (USD) was very volatile gaining in Asia to multi-month highs against some currencies but failing to hold these gains after the stocks reversed violently in US trade. Banking Analyst upgrades of the Banking sector led to… read more
Australian FOREX Daily Outlook 13/07/2009
July 13, 2009Weak Stocks helps USD consolidate gains CURRENCY TRADING SUMMARY – 13th July (00:30GMT) U.S. Dollar Trading (USD) was stronger as mild risk aversion supported and Crude Oil dipped to new lows. USD/JPY was the exception as the Yen remained the first choice for safe haven flows. US May Trade Balance… read more
