Stocks and Greenback down on Rescue Plans skepticism CURRENCY TRADING SUMMARY – 23rdSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) fell across the board as concerns emerged about the US government’s ability to finance the $700 billion bailout. Also dragging on the Dollar a record rally in the Oct Oil Contract… 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 22/09/2008
September 22, 2008Stocks extend gains on historic US intervention CURRENCY TRADING SUMMARY – 22nd September 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to make gains only against the JPY as US stocks surged but Dollar sentiment was hurt by the bigger picture. Reports that the US government market will buy up… read more
Australian FOREX Daily Outlook 19/09/2008
September 19, 2008Stocks rebound on Government Investment Plan CURRENCY TRADING SUMMARY – 19thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) in one of the most volatile trading days in history the market ended on an extremely positive tone. Reports filtered through that the US FED, Treasury and Congress will be seeking a comprehensive… read more
Australian FOREX Daily Outlook 18/09/2008
September 18, 2008Stocks Tumble, Gold Shines, USD hurting. CURRENCY TRADING SUMMARY – 18thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) came under severe pressure as US equities fell and US data was weak. The bailout of AIG did offer a brief stabilization to the markets but equities turned negative as interbank lending and… read more
Australian FOREX Daily Outlook 17/09/2008
September 17, 2008US FED HOLDS RATES, AIG IN SPOTLIGHT CURRENCY TRADING SUMMARY – 17thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) extremely volatile day of trading as the market recovered from the stock crash on Monday. Very skittish markets, news that American Insurance Group (AIG) was close to the brink sent stocks plummeting… read more
Australian FOREX Daily Outlook 16/09/2008
September 16, 2008Lehman Brothers Bankrupt, Stocks crash CURRENCY TRADING SUMMARY – 16thSeptember 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was sold very heavily in the Asian session as news of Lehman Brothers bankruptcy sent shockwaves through the markets. Europe bought the dollar back while heavy losses on the stock market kept liquidity low… read more
Australian FOREX Daily Outlook 15/09/2008
September 15, 2008Lehman takeover talks help stocks to recover. CURRENCY TRADING SUMMARY – 15th September 2008 (00:30GMT) ·U.S. Dollar Trading (USD) weak US data sent the USD lower even as equities recovered from lows and risk appetite cautiously reentered the market. US Retail Sales were very weak though at -0.3% vs. 0.2%… read more
Australian FOREX Daily Outlook 12/09/2008
September 12, 2008Wild Trading Day on Currencies and USD CURRENCY TRADING SUMMARY – 12th September 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained most of the trading day as commodities lead by Oil continued to weaken. Weak US data stalled the advance but it took comments from ECB President Trichet to take the… read more
Australian FOREX Daily Outlook 11/09/2008
September 11, 2008EURO breaks 1.40 on Slowing Eurozone Growth CURRENCY TRADING SUMMARY – 11th September 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to shrug off terrible earning data from Lehman Brothers and stage a late rally that took it multi year highs against a basket of currencies. US Oil Inventories fell… read more
Australian FOREX Daily Outlook 10/09/2008
September 10, 2008Lehman Brothers lead US stocks down, Dollar Mixed CURRENCY TRADING SUMMARY – 10th September 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a very volatile day as weak US data was countered by a continued slide in commodity prices. US July Pending Home Sales came in weaker than expected at -3.2%… read more
