Oil sets record highs, again. US trade deficit narrows sharply. CURRENCY TRADING SUMMARY – 12 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a number of majors on Friday as the Trade deficit narrowed sharply for the month of March, with imports falling 2.9% the most since the… 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 09/05/2008
May 9, 2008ECB and BoE hold in attempt to balance inflation and growth. CURRENCY TRADING SUMMARY – 09 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was volatile versus a number of currencies thorough out all session on Thursday. US wholesale inventories data unexpectedly fell for the first time in more than a… read more
Australian FOREX Daily Outlook 08/05/2008
May 8, 2008Euro falls on Retail Sales as Oil trades at a fresh record high for the third straight day CURRENCY TRADING SUMMARY – 08 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rallied broadly as productivity out of the world’s largest economy increased whilst Pending Home sales fell by -1% as expected…. read more
Australian FOREX Daily Outlook 07/05/2008
May 7, 2008OIL trades at a fresh record high boosting XAU CURRENCY TRADING SUMMARY – 07 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased further against a number of majors as market sentiment surrounding the manufacturing and services remain gloomy for the remaining part of 2008. In what was an otherwise quiet… read more
Australian FOREX Daily Outlook 06/05/2008
May 6, 2008ISM Services expands as oil trades at record highs. CURRENCY TRADING SUMMARY – 06 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) gave up much of its previous week gains despite further positive data out of the US in regards to Services ISM coming above expectations at 52 with markets forecasting… read more
Australian FOREX Daily Outlook 02/05/2008
May 2, 2008Dollar climbs on the back of better than expected ISM Manufacturing and surging equity markets. CURRENCY TRADING SUMMARY – 2 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened against most of the majors on Thursday as the U.S saw positive data released combined with a surging equity market and more… read more
Australian FOREX Daily Outlook 01/05/2008
May 1, 2008Fed cuts rates by 25bps, but leaves door open for more rate cuts if needed. GDP comes in better than expected. CURRENCY TRADING SUMMARY – 1 MAY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was weaker on Wednesday after the Fed yet again cut rates by 0.25% to 2.00% for the… read more
Australian FOREX Daily Outlook 30/04/2008
April 30, 2008US dollar surges as investors prepare for a 25bps rate cut today. CURRENCY TRADING SUMMARY – 30 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened last night more on sentiment rather than data results. Investors have priced in the more than likely 25bps rate cut expected to be announced late… read more
Australian FOREX Daily Outlook 29/04/2008
April 29, 2008All is quiet on the FX front leading into the Fed’s rate announcement on Wednesday. CURRENCY TRADING SUMMARY – 29 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was reasonably subdued on Monday in the lead up to the Fed’s rate announcement on Wednesday, with the early session dominated more by… read more
Australian FOREX Daily Outlook 28/04/2008
April 28, 2008US Dollar strengthens yet again despite poor consumer sentiment. CURRENCY TRADING SUMMARY – 28 APRIL 2008 (00:30GMT) ·U.S. Dollar Trading (USD) strengthened yet again on Friday due to U.S business profit results surpassing expectations. This surge against the majors came despite U.S consumer sentiment falling in April to 26-year lows…. read more
