Bailout Plan soured by weak Non Farm Payrolls CURRENCY TRADING SUMMARY – 6th October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to make gains against a broad range of currencies even as US Jobs data weakened. September Non Farm Payrolls were -159K vs. -100K forecast and -73K in August…. 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 03/10/2008
October 3, 2008Focus on weakening Economic Fundamentals sends stocks crashing CURRENCY TRADING SUMMARY – 3rd October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) the boost received from the Senate passing the Bailout bill was short lived with the market sending stocks spiraling lower as focus turned back to the larger economy as a… read more
Australian FOREX Daily Outlook 02/10/2008
October 2, 2008Weak US data but Strong USD ahead of Senate Bailout Vote CURRENCY TRADING SUMMARY – 2nd October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) continued to be well supported as Oil fell and US Jobs data beat expectations. The September ADP Unemployment report showed -8K vs. -55K expected job losses. Other… read more
Australian FOREX Daily Outlook 01/10/2008
October 1, 2008Stocks recover and Dollar Surges on European bailouts CURRENCY TRADING SUMMARY – 1st October 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained heavily today posting one of its biggest one day advances as markets focused on other economies and equities rebounded. US data also supported with weakness in the Case-Schiller Home… read more
Australian FOREX Daily Outlook 30/09/2009
September 30, 2008USD Getting Support Talk CURRENCY TRADING SUMMARY – 30th September (00:30GMT) U.S. Dollar Trading (USD) gained as Officials in Japan and the European Union continued to support the Dollar and traders took risk off the table as US consumer data sparked fresh concerns. September Consumer Confidence slipped to 53.1 vs…. read more
Australian FOREX Daily Outlook 30/09/2008
September 30, 2008BAILOUT REJECTED! MARKET CRASHS CURRENCY TRADING SUMMARY – 30thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) in a massive shock to the markets the US Congress rejected the Bailout plan. Stocks crash around the world with Dow Jones dropping a record 700 points. The Fed responded by increasing swap lines to… read more
Australian FOREX Daily Outlook 29/09/2008
September 29, 2008Market Still confident of Bailout going into the Weekend CURRENCY TRADING SUMMARY – 29thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) another volatile day, weakness in Stocks and USD was reversed during the US session as Republicans came back to the table on the US bailout plan. Weak GDP was somewhat… read more
Australian FOREX Daily Outlook 26/09/2008
September 26, 2008Progress on US Bailout spurs market optimism and Dollar gains. CURRENCY TRADING SUMMARY – 26thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) buoyant stocks and confidence in the progression of the Bailout lead to a USD rally. Dollar Strength was in spite of rallying Oil and very weak US data. Durable… read more
Australian FOREX Daily Outlook 25/09/2008
September 25, 2008More stalling on the US Bailout making markets nervous CURRENCY TRADING SUMMARY – 25thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) another day, another grilling for Paulson and Bernanke as Senators turned aggressive on the proposed Bailout plan and party lines split on demands and assurances. Markets were frozen as participants… read more
Australian FOREX Daily Outlook 24/09/2008
September 24, 2008Bailout Plan hitting roadblocks, Markets cautious CURRENCY TRADING SUMMARY – 24thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to pare back some of the losses incurred since the start of the week but ongoing sentiment is mixed as the US bailout plan was experiencing some stalling as it progressed… read more
