Markets ease for a Second Day CURRENCY TRADING SUMMARY – 8th April (00:30GMT) ·U.S. Dollar Trading (USD) the USD started to accelerate gains after Global stocks slipped again. Concerns over GM and Banks rekindled some risk aversion supporting the Dollar. February Consumer Credit forecast at -1Bn came in at -7.48Bn… 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 07/04/2009
April 7, 2009Profit taking weighs on Markets CURRENCY TRADING SUMMARY – 7th April (00:30GMT) ·U.S. Dollar Trading (USD) the USD gained some traction yesterday as the market took profit from multi month highs on concerns that not all is well with US banks. George Soros also weighed in and commented that the… read more
Australian FOREX Daily Outlook 03/04/2009
April 3, 2009Market Cheers G20 Action CURRENCY TRADING SUMMARY – 3rd April (00:30GMT) ·U.S. Dollar Trading (USD) in a anticipated trading day the USD finished very weak against all currencies except the Yen with US stocks surging to 5 week highs on the back of G20 IMF funding boost plans. Also helping… read more
Australian FOREX Daily Outlook 02/04/2009
April 2, 2009US Stocks Surge as G20 meet CURRENCY TRADING SUMMARY – 2nd April (00:30GMT) ·U.S. Dollar Trading (USD) tested both sides of the recent range with Dollar strength in Asia and weakness in North America. US data was mixed with ADP Employment falling -742K vs. -655K forecast being offset by March… read more
Australian FOREX Daily Outlook 01/04/2009
April 1, 2009Japan coming to Stimulus Party CURRENCY TRADING SUMMARY – 1st April (00:30GMT) ·U.S. Dollar Trading (USD) massive moves seem in the last day of the first quarter with the USD a mixed recipient of flows. The rally seen in the EURO dragged all the majors higher and the Yen was… read more
Australian FOREX Daily Outlook 31/03/2009
March 31, 2009GM concerns send Global stocks tumbling CURRENCY TRADING SUMMARY – 31st March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) gained for the third day as news broke that GM and Chrysler survival plans were rejected by the US Government and both edged closer to bankruptcy. Gains were broad based with the… read more
Australian FOREX Daily Outlook 29/03/2009
March 29, 2009Stocks fall as Personal Income drops CURRENCY TRADING SUMMARY – 29th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) gained into the end of the week as the Euro plunged and Stocks came off the boil. Off concern were reports March was hard for banks. Economic data was mixed with Consumer… read more
Australian FOREX Daily Outlook 27/03/2009
March 27, 2009US GDP fails to dent optimism CURRENCY TRADING SUMMARY – 27th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened even as stocks continued to rise with economic data being shrugged off and equity market continuing to rise. Q4 Final GDP were forecast at -6.5% came in at -6.3% and Weekly… read more
Australian FOREX Daily Outlook 26/03/2009
March 26, 2009Good US data adds to Hope CURRENCY TRADING SUMMARY – 26th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened as risk sentiment stepped up a notch on the back of better than expected economic data. February Durable Goods Orders rose +1.7% vs. -2% forecast. New Home Sales (FEB) rose +4.7%… read more
Australian FOREX Daily Outlook 25/03/2009
March 25, 2009Profit taking drags most markets lower CURRENCY TRADING SUMMARY – 25th March 2009 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened as stocks gave up some of the gains seen on Monday and traders took profit on short USD positions. The January Richmond Fed Index improved to -20 vs. -51 previously. Crude… read more
