Nikkei Crash sends Global stocks tumbling CURRENCY TRADING SUMMARY – 27th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) extended gains against all currencies except the Yen as risk aversion ran unchecked through the markets and panic spread. Emerging currencies collapsed triggering overwhelming dollar demand. Oil crumbled to year lows and… 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 24/10/2008
October 24, 2008Stocks Bounce as Oil bounces on OPEC Cuts CURRENCY TRADING SUMMARY – 24th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained across the board until the final moments of US trading when the Dow shot up 5% on the back of surging Oil and Gold. The US gave up a… read more
Australian FOREX Daily Outlook 23/10/2008
October 23, 2008Dow crash on Missed earnings and Recession Concerns CURRENCY TRADING SUMMARY – 23rd October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) jumped to 5 year highs on the back of the Euro breaking 1.3000 and GBP crumbling. Huge repatriation of some of the $1 trillion US investors have sent overseas since… read more
Australian FOREX Daily Outlook 22/10/2008
October 22, 2008USD Surges on Safe Haven Flows CURRENCY TRADING SUMMARY – 22nd October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) made broad based gains as money managers brought their money back to the US and Commodities slumped on demand concerns. Also supporting the Dollar was plans from the Fed to set up… read more
Australian FOREX Daily Outlook 21/10/2008
October 21, 2008US Stimulus Package sends Stocks Higher CURRENCY TRADING SUMMARY – 21st October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to make solid gains on the back of a positive reaction to news that the US was thinking of a second stimulus package in response to Bernanke’s suggestion. Also helping… read more
Australian FOREX Daily Outlook 17/10/2008
October 17, 2008$70 Oil sparks hope for US Consumers spending CURRENCY TRADING SUMMARY – 17th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gave up some of the impressive gains seen during the crash yesterday as the sky didn’t fall in and traders pared back their positions. US stocks mounted a late rally… read more
Australian FOREX Daily Outlook 16/10/2008
October 16, 2008USD surges as Stocks Crash CURRENCY TRADING SUMMARY – 16th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) surged higher taking many pairs back to levels seen last week when the recovery rally in Equities evaporated and downside remerged. The Catalyst for this stock crash seemed to be the very weak… read more
Australian FOREX Daily Outlook 15/10/2008
October 15, 2008Stock Rally stalls then free falls, USD regains Strength CURRENCY TRADING SUMMARY – 15th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was initially on the back foot as large equity gains around the world (+14% Nikkei) led to reversal of safe haven buying which had supported the Dollar previously. The… read more
Australian FOREX Daily Outlook 09/10/2008
October 9, 2008CURRENCY TRADING SUMMARY – 9th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) in an extreme move central banks around the world cut rates in a coordinated fashion to try and restore some confidence in the markets. With the Nikkei down 10% and European stocks following the lead the bold move… read more
Australian FOREX Daily Outlook 07/10/2008
October 7, 2008Another Black Monday Stock crash, AUD Plummets CURRENCY TRADING SUMMARY – 7th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) with sentiment souring over the weekend Monday was always going to be a negative event. The market didn’t disappoint with a record plunge in the Dow Jones causing mayhem in Commodities… read more
