US GDP Disappointed but Dollar Strong ahead of Non farm CURRENCY TRADING SUMMARY – 1st August 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was initially sold off after economic data disappointed but then strengthened during the US session to finish little changed ahead of today’s July Job announcement. US 2Q GDP… 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 31/07/2008
July 31, 2008ADP jobs surprise helps the Dollar fight Oil’s Rally CURRENCY TRADING SUMMARY – 31st July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a positive day consolidating the gains made on Tuesday. A surprising Jump in the ADP employment report for July coming in +9K vs. expectations of -60K set the… read more
Australian FOREX Daily Outlook 30/07/2008
July 30, 2008US data leads rebound in US stocks and Greenback. CURRENCY TRADING SUMMARY – 30th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) Strong US data lead to a bounce in the equity markets and a surge in the Greenback. Oil fell over $4 at one point as the USD strengthened also… read more
Australian FOREX Daily Outlook 29/07/2008
July 29, 2008Banking defaults hurt the Dollar and Stocks. CURRENCY TRADING SUMMARY – 29th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gave into continued stock weakness as the market focused back on US Financials. With two more banks failing on Friday and Merrill Lynch reporting a new $5.7 Billion writedown the USD… read more
Australian FOREX Daily Outlook 28/07/2008
July 28, 2008US data supports Greenback into the weekend CURRENCY TRADING SUMMARY – 28th July 2008 (00:30GMT) U.S. Dollar Trading (USD) slightly stronger stocks, improving US economic data and stable Oil prices all combined to give the USD a solid footing into the weekend. June Durable Goods Orders beat expectations at 0.8%… read more
Australian FOREX Daily Outlook 25/07/2008
July 25, 2008Weak data across the Globe, Equities down. CURRENCY TRADING SUMMARY – 25th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a mixed trading day, initially making impressive gains on the back of weak European data before weak US data also and share losses forced the Dollar to give up most… read more
Australian FOREX Daily Outlook 24/07/2008
July 24, 2008Oil slides lower, New Zealand cuts rates CURRENCY TRADING SUMMARY – 24th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to make solid gains last night on the back of increasing speculation that the Fed will begin tightening rates to fight inflation. Oil slipped another $4 per barrel and… read more
Australian FOREX Daily Outlook 23/07/2008
July 23, 2008Dollar Bulls run on Hawkish FED comments. CURRENCY TRADING SUMMARY – 23rd July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) came under selling pressure early in the European session as stocks turned negative and Wachovia Bank reported a record loss. The rebound and subsequent rally in the USD was spurred buy… read more
Australian FOREX Daily Outlook 22/07/2008
July 22, 2008Oil advances on Hurricane watch, Dollar down. CURRENCY TRADING SUMMARY – 22nd July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) experienced a slow start to the week with Japan away for Ocean day and little economic data out. The Greenback lost some ground as Oil advanced on news of hurricane Dolly… read more
Australian FOREX Daily Outlook 21/07/2008
July 21, 2008Citigroup Earnings Aid Dollar CURRENCY TRADING SUMMARY – 21st July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) had a relatively quiet trading day with little economic data out, equities and commodities directed the market. Citigroup’s earning came in better than expected leading to an overall buoyant mood on the equities markets… read more
