US Jobs Losses stir Bailout Rally CURRENCY TRADING SUMMARY – 9th February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened across the board after dismal US Jobs data in January. Non Farm Payrolls jumped to -598K vs. -530K. The Unemployment Rate Jumped to a 16 year high of 7.6% vs. 7.2%… 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 6/02/2009
February 6, 2009Bank of England cuts to 1.0% CURRENCY TRADING SUMMARY – 6th February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) despite weak economic data released overnight, stocks in the US rallied off year lows to end up over 1%. High Yielders rallied and the USD/JPY surged past resistance at 90 Yen. Weekly… read more
Australian FOREX Daily Outlook 5/02/2009
February 5, 2009Markets looking to ECB and BoE CURRENCY TRADING SUMMARY – 5th February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) had a mixed day gaining slightly as equities came under pressure. US data showed improvement with ISM Non manufacturing increasing to 42.9 vs. 39 forecast in January. January ADP Private Unemployment Report… read more
Australian FOREX Daily Outlook 4/02/2009
February 4, 2009US Home Sales Rebound, Australia cuts rates CURRENCY TRADING SUMMARY – 4th February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened sharply in the US after a volatile day of trading. December US Pending Home sales gained 6.3% vs. -3.7% previously helping stocks to rally. The US FED also extended swap… read more
Australian FOREX Daily Outlook 3/02/2009
February 3, 2009US manufacturing shows slight rebound CURRENCY TRADING SUMMARY – 3rd February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) continued to strengthen in the Asian and European markets until US stocks staged a rebound off lows prompting profit taking on the majors. January Manufacturing ISM climbed to 35.6 vs. 32.9 previously. December… read more
Australian FOREX Daily Outlook 2/02/2009
February 2, 2009US GDP Falls 3.8% in Q4 CURRENCY TRADING SUMMARY – 2nd February 2009 (00:30GMT) ·U.S. Dollar Trading (USD) was well supported as US GDP beat estimates although it fell the most in 18 years down -3.8% in the 4th quarter Y/Y. US stocks fell 2% as the market absorbed the… read more
Australian FOREX Daily Outlook 30/01/2009
January 30, 2009Soros Sounds Warning on the Euro CURRENCY TRADING SUMMARY – 30th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) gained on fresh risk aversion as bad economic data and profit taking sent world equities lower. US data was weak with Durable goods in December falling 2.6% vs. 2% forecast. Also released… read more
Australian FOREX Daily Outlook 29/01/2009
January 29, 2009USD Strengthens After FOMC CURRENCY TRADING SUMMARY – 29th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) was sold most the day as equities around the world rallied on news that the Obama Administration would be looking to create a bad bank to hold toxic assets. The losses were reversed after… read more
Australian FOREX Daily Outlook 28/01/2009
January 28, 2009USD weakens before FOMC tonight CURRENCY TRADING SUMMARY – 28th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) was generally weak as the majors continued their recovery off multi-week lows. US data was weak with consumer confidence falling to a new low of 37.7 in January. The Richmond Fed rose slightly… read more
Australian FOREX Daily Outlook 27/01/2009
January 27, 2009European Stocks and Currencies Rebound CURRENCY TRADING SUMMARY – 27th January 2009 (00:30GMT) ·U.S. Dollar Trading (USD) weakened across the board as sentiment shifted in Europe and stocks rallied. The USD had received support from safe haven flows during the past 2 weeks so always had the potential to pare… read more
