Currencies Rebound led by Pound CURRENCY TRADING SUMMARY – 10th July (00:30GMT) U.S. Dollar Trading (USD) was sold for most of the day as a profit taking on yesterday’s strength turned into a rally on most of the majors. USD/JPY held up well. Calls from China for an improved reserve… 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 09/07/2009
July 9, 2009YEN SOARS AS RISK TURNED OFF CURRENCY TRADING SUMMARY – 9th July (00:30GMT) U.S. Dollar Trading (USD) enjoyed gains against most currencies as Oil tumbled to $60 a barrel and risk currencies were pared back. Wall St. managed to finish slightly stronger but the damage done via the Yen and… read more
Australian FOREX Daily Outlook 08/07/2009
July 8, 2009US Stocks Slump CURRENCY TRADING SUMMARY – 8th July (00:30GMT) U.S. Dollar Trading (USD) was volatile as the market sold in Europe then bought back in the US session with stocks steadily fell for the whole night. Oil continued to plumb monthly lows as concerns over proposed US regulation of… read more
Australian FOREX Daily Outlook 07/07/2009
July 7, 2009Oil Slides into the start of the Week CURRENCY TRADING SUMMARY – 7th July (00:30GMT) U.S. Dollar Trading (USD) was stronger against risk currencies on the back of a $2 fall in Oil but finished the day significantly off highs as US stock markets rallied into the close. Buoying the… read more
Australian FOREX Daily Outlook 06/07/2009
July 6, 2009Quiet Friday with US Holiday CURRENCY TRADING SUMMARY – 6th July (00:30GMT) U.S. Dollar Trading (USD) gave up some of the strength seen post Non Farm Payrolls after Japanese stocks and Oil rallied off lows. Trading was light however with the US away for July 4th holidays so markets will… read more
Australian FOREX Daily Outlook 03/07/2009
July 3, 2009US Jobs Data disappoints the market CURRENCY TRADING SUMMARY – 3rd July (00:30GMT) U.S. Dollar Trading (USD) had its largest rally in two months as risk aversion spiked higher after weak US jobs data put the recovery story in doubt. Oil slipped over 4% as less jobs indicates consumer demand… read more
Australian FOREX Daily Outlook 02/07/2009
July 2, 2009China Calls for G8 USD Agenda CURRENCY TRADING SUMMARY – 2nd July (00:30GMT) U.S. Dollar Trading (USD) was on the back foot as global equity markets continued to rally. News that China is looking for Global Reserve Currencies to be on the Agenda at the next G8 meeting added to… read more
Australian FOREX Daily Outlook 01/07/2009
July 1, 2009UK GDP DROPS FASTEST IN 50 YEARS CURRENCY TRADING SUMMARY – 1st July (00:30GMT) U.S. Dollar Trading (USD) enjoyed gains as optimism was dampened by a dramatic slump in Consumer Confidence in June. Forecast at 55.4 vs. 54.9 previously, the 49.3 reading led to a sharp sell off in Oil… read more
Australian FOREX Daily Outlook 30/06/2009
June 30, 2009Market Rallies with ‘Risk On’ CURRENCY TRADING SUMMARY – 30th June (00:30GMT) U.S. Dollar Trading (USD) a bounce in US stocks as investors snapped up those beaten down last week. Commodities and risk currencies rallied hurting the USD. With a major data week ahead, the market will search for confirmation… read more
Australian FOREX Daily Outlook 29/06/2010
June 29, 2009Mild Market Weakness in a Quiet Start to the Week CURRENCY TRADING SUMMARY – 29th June (00:30 GMT) U.S. Dollar Trading (USD) gained on the back of Euro weakness with traders still buying the Dollar for its safe haven status. May Core PCE increased 0.2% vs. 0.1% previously and Personal… read more
