USD Finds Strength in Job Numbers CURRENCY TRADING SUMMARY – 8th June (00:30GMT) U.S. Dollar Trading (USD) staged a major rally in the face of increased risk aversion as US data prompted USD buying. Risk appetite was left to the USD/JPY which surged nearly 200 pips higher on the back… 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 05/06/2009
June 5, 2009Pound hurt on PM rumors CURRENCY TRADING SUMMARY – 5th June (00:30GMT) U.S. Dollar Trading (USD) was relatively unchanged against most pairs as the large moves seen on Wednesday night were consolidated. The major move seen in the market was the GBP/USD which fell aggressively after rumors spread through the… read more
Australian FOREX Daily Outlook 04/06/2009
June 4, 2009Major USD reversal CURRENCY TRADING SUMMARY – 4th June (00:30GMT) U.S. Dollar Trading (USD) enjoyed a positive day on the back of large corrections on multiple currencies. Large moves in Europe were seen on the back of combined statements from the Japan, India, Korea and China all supporting US debt…. read more
Australian FOREX Daily Outlook 03/06/2009
June 3, 2009USD continues to buckle CURRENCY TRADING SUMMARY – 3rd June (00:30GMT) U.S. Dollar Trading (USD) felt more pressure as investors continued to pressure the Dollar on the back of more rumblings from Asian disquiet with US debt. Pending Home sales kept the mood in the market positive with April up… read more
Australian FOREX Daily Outlook 02/06/2009
June 2, 2009Dollar weakness continues CURRENCY TRADING SUMMARY – 2nd June (00:30GMT) U.S. Dollar Trading (USD) a triple barrage of higher risk appetite, commodity prices and higher stocks sent the dollar to fresh year lows. ISM manufacturing improved to 42.8 vs. 42.5 forecast at the economy continues to rebound. Oil continued to… read more
Australian FOREX Daily Outlook 01/06/2009
June 1, 2009CURRENCY TRADING SUMMARY – 1st June (00:30GMT) U.S. Dollar Trading (USD) came under severe pressure as major levels were broken throughout the day. The Euro led the charge as the key level of 1.4000 gave way and bullish data from India and Japan underpinned the move higher. Fitch revised California’s… read more
Australian FOREX Daily Outlook 29/05/2009
May 29, 2009Yen drops on Investor Optimism CURRENCY TRADING SUMMARY – 29th May (00:30GMT) U.S. Dollar Trading (USD) enjoyed another brief bounce in the Asian session as investor concerns about the GM bankruptcy and weak stocks weigh on sentiment. The main source of gains was against the Yen which came under heavy… read more
Australian FOREX Daily Outlook 28/05/2009
May 28, 2009USD rebounds off lows CURRENCY TRADING SUMMARY – 28th May (00:30GMT) U.S. Dollar Trading (USD) tested new lows in the Asian and European sessions before rebounding sharply into the close of the day. US stocks sold off in the afternoon on the back of rising US Treasury Yields hurting investor… read more
Australian FOREX Daily Outlook 27/05/2009
May 27, 2009Volatile Return of Risk Aversion CURRENCY TRADING SUMMARY – 27th May (00:30GMT) U.S. Dollar Trading (USD) tested both sides of the market with early strength reversing sharply in the US. Better than expected May CB Consumer Confidence at 54.9 vs. 42 forecast was the main catalyst for the reversal. Concerns… read more
Australian FOREX Daily Outlook 26/05/2009
May 26, 2009US Memorial Day keeps Monday Quiet CURRENCY TRADING SUMMARY – 26th May (00:30GMT) U.S. Dollar Trading (USD) finished the day broadly unchanged as holidays in the UK and USA kept volume low. Some action was seen in Asia as news of a Nuclear test from North Korea caused risk aversion… read more
