German IFO props up the Euro, as US New home sales declined to a 13 month low. CURRENCY TRADING SUMMARY – 27 MARCH 2008 (00:30GMT) U.S. Dollar Trading (USD) fell as New Home Sales (Feb) fell for the fourth straight month by 1.8% to a 13 year low as 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 26/03/2008
March 26, 2008Dollar falls on Poor Consumer Confidence. New Home Sales and German IFO key CURRENCY TRADING SUMMARY – 26 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) saw second tier data in the form of Consumer Confidence for the month of March decline to its lowest level in five years in retrospect… read more
Australian FOREX Daily Outlook 24/03/2008
March 24, 2008Good Friday slows down volatility. Existing Home Sales kick start the week CURRENCY TRADING SUMMARY – 24 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) market closure due to Good Friday holidays ensured thin volumes of trading in light of recent volatility. All financial markets were closed on the 21st of… read more
Australian FOREX Daily Outlook 20/03/2008
March 20, 2008Profit taking enters markets. Gold drops the most in one day. USD rebounds CURRENCY TRADING SUMMARY – 20 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rebounded sharply against the majors despite a sell-off in US equities. Reports of hedge funds actively trading commodities and currencies had an impact. Morgan Stanley… read more
Australian FOREX Daily Outlook 19/03/2008
March 19, 2008FOMC cut rates by 75bps, US equity markets rally. USD gains the most against the JPY in 9 years. CURRENCY TRADING SUMMARY – 19 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) managed to recoup some losses against the majors in the overnight session on the back of the Federal Reserve… read more
Australian FOREX Daily Outlook 18/03/2008
March 18, 2008Markets stabilize ahead of FOMC. All eyes on US interest rate decision. CURRENCY TRADING SUMMARY – 18 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) recouped some losses against the majors as traders expect the Federal Reserve to slash rates to bolster the ailing US Financial system. The New York Empire… read more
Australian FOREX Daily Outlook 17/03/2008
March 17, 2008Bear Sterns acquires injection from Fed and JP Morgan. Fed cuts discount rate to 3.25% CURRENCY TRADING SUMMARY – 17 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) traded at record lows once again as the credit market stress continued to rear its ugly head. In data related news the Core… read more
Australian FOREX Daily Outlook 14/03/2008
March 14, 2008Dollar slumps on poor Retail Sales. Euro, Oil and XAU at record highs, as USDJPY breaks 100.00 CURRENCY TRADING SUMMARY – 14 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) depreciated further on the high today as traders reacted to the probable bankruptcy of a major hedge fund, Carlyle Capital, is… read more
Australian FOREX Daily Outlook 13/03/2008
March 13, 2008Euro traded at a record high versus the dollar as views the Fed injection will not suffice. CURRENCY TRADING SUMMARY – 13 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was weaker across the board versus a number of majors trading at record lows once again. Many of the moves were… read more
Australian FOREX Daily Outlook 12/03/2008
March 12, 2008Fed announce $200 Billion cash injection to boost credit markets, as share markets rally CURRENCY TRADING SUMMARY – 12 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed once again versus a number of majors in a highly eventful trading day with the Federal Reserve announcement it will inject liquidity… read more
