Dollar consolidates gains into the Weekend CURRENCY TRADING SUMMARY – 18th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) made new 7 month highs according to the Dollar index on the back of surprisingly strong economic data. Empire State Manufacturing rebounded into positive territory in August at 2.8 vs. expectations of… 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 14/07/2008
August 14, 2008Pound crashes on BOE Inflation report CURRENCY TRADING SUMMARY – 14th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a busy trading day with multiple themes present. During the Asian session stock weakness provoked an unwinding of the JPY carry trades with the AUD/JPY and NZD/JPY taking the brunt of… read more
Australian FOREX Daily Outlook 13/08/2008
August 13, 2008USD consolidates recent gains, Yen gains on credit worries. CURRENCY TRADING SUMMARY – 13th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) continued to be the extremely well supported as gold made new lows and Oil failed to maintain gains. The US Trade Balance for June Narrowed to -59.8B from -60.5B… read more
Australian FOREX Daily Outlook 11/08/2008
August 12, 2008Gold Plunges as USD continues rally. CURRENCY TRADING SUMMARY – 12th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) despite a brief relief rally from most of the majors early in the European session, the Dollar was buoyed by a crash in Gold and continued weakness in Oil, making some solid… read more
Australian FOREX Daily Outlook 11/08/2008
August 11, 2008Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Australian FOREX Daily Outlook 08/08/2008
August 8, 2008USD soars on weakening EURO CURRENCY TRADING SUMMARY – 8th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) took another leg up as the recent USD rally continued. US data was mixed with weekly Jobs claims soaring to a six year high of 455K. Pending homes sales surprised to the upside… read more
Australian FOREX Daily Outlook 07/08/2008
August 7, 2008Eurozone and UK interest rates in Focus. CURRENCY TRADING SUMMARY – 7th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) continued to strengthen broadly gaining against all currencies as Oil continued to slide and US Treasury’s rallied. Stocks remained buoyant as mining and energy shares rebounded from large sell offs and… read more
Australian FOREX Daily Outlook 06/08/2008
August 6, 2008US and Australia hold Rates, Greenback gains on Oil CURRENCY TRADING SUMMARY – 6th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained all day as investors sold Oil, Gold and other commodities. Stronger than forecast Non Manufacturing ISM for July 49.5 (vs. 48.8 expected) and Oil below $120 a barrel… read more
Australian FOREX Daily Outlook 05/08/2008
August 5, 2008FOMC, Australian rate decisions in Focus. CURRENCY TRADING SUMMARY – 5th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) better than expected data and a large sell off in Oil allowed the Dollar to gain the upper hand leading into the FOMC announcement. June Core PCE which measures consumer inflation climbed… read more
Australian FOREX Daily Outlook 04/08/2008
August 4, 2008US Payrolls data mixed, Greenback finding support. CURRENCY TRADING SUMMARY – 4th August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) the much anticipated July Nonfarm Payrolls failed to impact the markets as the data came in mixed. Employment change of -51K was better than the -75K expected but the Unemployment rate… read more
