Trichet talks rate hikes and inflation risks, Euro and Crude Oil surge. CURRENCY TRADING SUMMARY – 6th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) after trading near weekly highs against all the majors early in the European session the dollar had an abrupt turn last night on the back 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 05/06/2008
June 5, 2008US Economic Data Stabilizing, Dollar strengthening. ECB and BoE interest rates in focus. CURRENCY TRADING SUMMARY – 5th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) held recent strong gains on the back of improving US economic data. With the lack of downside surprises in recent data releases some market commentators… read more
Australian FOREX Daily Outlook 04/06/2008
June 4, 2008Bernanke “attentive” to a weak dollar. Oil and Gold drop CURRENCY TRADING SUMMARY – 4th June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) Fed Chairman Bernanke breached a rare topic commenting on the value of the Dollar, stating the Fed was “attentive” to import prices being raised by the falling dollar… read more
Australian FOREX Daily Outlook 03/06/2008
June 3, 2008Stronger US data fails to help Dollar and share market. CURRENCY TRADING SUMMARY – 3rd June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) the market was seemingly unimpressed by the better than forecasted ISM manufacturing numbers out yesterday at 49.6 vs. 48.5 expected. Although the immediate reaction was positive the gains… read more
Australian FOREX Daily Outlook 02/06/2008
June 2, 2008USD consolidates gains into the weekend on solid Economic Data. CURRENCY TRADING SUMMARY – 2nd June 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gave a little back on Friday after a week of strong gains. US Data on Friday came is mostly as expected with Core PCE price index coming at… read more
Australian FOREX Daily Outlook 30/05/2008
May 30, 2008US Dollar Surges on possible future FED rate hikes, Commodities Plunge CURRENCY TRADING SUMMARY – 30th MAY 2008 (00:30GMT) · U.S. Dollar Trading (USD) strong gains across the board were made yesterday as speculation of bottoming in the US economy focused markets on possible future US rate hikes to counter… read more
Australian FOREX Daily Outlook 29/05/2008
May 29, 2008US Dollar Boosted by strong Durable Goods numbers, Oil back above $130 CURRENCY TRADING SUMMARY – 29th MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained yesterday as the US Core Durable Goods orders for April came in very strong with a surprising increase of 2.5% vs. -0.5% as expected. Also… read more
Australian FOREX Daily Outlook 28/05/2009
May 28, 2008USD rebounds off lows CURRENCY TRADING SUMMARY – 28th May (00:30GMT) U.S. Dollar Trading (USD) tested new lows in the Asian and European sessions before rebounding sharply into the close of the day. US stocks sold off in the afternoon on the back of rising US Treasury Yields hurting investor… read more
Australian FOREX Daily Outlook 28/05/2008
May 28, 2008Strong recovery in the US dollar after Oil and Gold fall steeply CURRENCY TRADING SUMMARY – 28th MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gained against all the majors on the back of heavy commodity sales. Helping the greenbacks cause was New home Sales for April, which came in higher… read more
Australian FOREX Daily Outlook 27/05/2008
May 27, 2008Little movement with London and New York on Holidays. Oil above $133 CURRENCY TRADING SUMMARY – 27th MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was range bound against the majors with low liquidity due to London and NY holidays. The U.S share markets were closed due to Memorial Day. Crude… read more
