USD surges as Oil dips below $130 per barrel CURRENCY TRADING SUMMARY – 18th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained against most of the majors for the 2nd day as stocks continued to rebound off the year lows seen on Tuesday. Earning Reports from JP Morgan were better… 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 17/07/2008
July 17, 2008Rise in Crude Inventories drop Oil, Boosts stock and USD CURRENCY TRADING SUMMARY – 17th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was able to make solid gains yesterday as US data came out mostly dollar positive. US crude Inventories unexpectedly gained 3.0M Barrels leading to a sharp sell off… read more
Australian FOREX Daily Outlook 16/07/2008
July 16, 2008USD finds support from record drop in Oil. CURRENCY TRADING SUMMARY – 16th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was under severe pressure most of yesterday as shares continued to slump driven by financial and energy stocks. Fed Chief Ben Bernanke commented on slowing growth and President Bush held… read more
Australian FOREX Daily Outlook 15/07/2008
July 15, 2008Gold shines as the Financial storm continues. CURRENCY TRADING SUMMARY – 15th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) staged a minor recovery during the Asian and European sessions as the markets digested the latest plan from the Treasury to stabilize the Government Sponsored Entities (GSE) Freddie Mac and Fannie… read more
Australian FOREX Daily Outlook 14/07/2008
July 14, 2008Dollar flayed as US mortgage lenders come under pressure CURRENCY TRADING SUMMARY – 14th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was sold across the board on Friday as speculation of trouble in the US banking sector reached fever pitch. Freddie Mac and Fannie Mae the two largest mortgage lenders… read more
Australian FOREX Daily Outlook 11/07/2008
July 11, 2008Oil rebounds as Bernanke and Paulson’s gloomy talk hurts the Dollar CURRENCY TRADING SUMMARY – 11th July 2008 (00:30GMT) U.S. Dollar Trading (USD) took hits from multiple US officials speaking. Former Fed member Poole stated that the government backed Fannie Mae and Freddie Mac were technically “insolvent” and would need… read more
Australian FOREX Daily Outlook 10/07/2008
July 10, 2008Oil continues to fall but weak stocks hamper the USD CURRENCY TRADING SUMMARY – 10th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gave up some ground as equities continued their slump lead by financials facing possible rating downgrades from Fitch. The Dollar did receive some support from oil which despite… read more
Australian FOREX Daily Outlook 09/07/2008
July 9, 2008Bernanke helps out Wall St, plunging Oil helps out the USD CURRENCY TRADING SUMMARY – 9th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) received a boost from falling Oil which posted its largest one day drop since March over $5 per barrel. May Pending Home Sales were weaker than expectations… read more
Australian FOREX Daily Outlook 08/07/2008
July 8, 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 07/07/2008
July 7, 2008Quiet Friday with US away on Holiday’s, focus on G8 meeting CURRENCY TRADING SUMMARY – 7th July 2008 (00:30GMT) ·U.S. Dollar Trading (USD) mostly range bound with the US markets away for July 4th Celebrations. US President Bush is in Tokyo with other world leaders for the G8 summit where… read more
