Shares fall further whilst oil trades at a record high. German ZEW survey out today CURRENCY TRADING SUMMARY – 11 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a number of currencies on Monday as traders once again looked towards stock prices as a measure of market stability…. 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 10/03/2008
March 10, 2008Non Farm Payrolls declines by -63k as stock markets fall. CURRENCY TRADING SUMMARY – 10 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to an abysmal reading in jobs data for the month of February. Non Farm Payroll figures for the month declined by -63k jobs, disappointing expectations of… read more
Australian FOREX Daily Outlook 07/03/2008
March 7, 2008XAU and Oil at record highs, Non Farm Payrolls due for release CURRENCY TRADING SUMMARY – 07 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a number of majors the market is expecting the Federal Reserve to cut interest rates by at least 50 basis points at this… read more
Australian FOREX Daily Outlook 06/03/2008
March 6, 2008ISM rebounds, as Jobs data causes market volatility. ECB and BoE rate announcements today. CURRENCY TRADING SUMMARY – 06 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased against a number of majors as ADP employment (often considered a preview to Non Farm Payrolls) came in significantly worse than expectations. According… read more
Australian FOREX Daily Outlook 05/03/2008
March 5, 2008RBA hike as the BoC cuts. XAU tumbles on profit taking CURRENCY TRADING SUMMARY – 05 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed versus a number of majors yesterday tracking data and rate outcomes of other central banks for a change. In events specific to the US market,… read more
Australian FOREX Daily Outlook 4/03/2008
March 4, 2008USD trades a fresh record lows. Reserve Bank of Australia to hike by 25bps CURRENCY TRADING SUMMARY – 04 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to an extremely volatile session on Monday trading at fresh record lows versus a number of majors, before pairing those losses. The… read more
Australian FOREX Daily Outlook 3/03/2008
March 3, 2008Equity markets cause risk aversion, as US consumer confidence at 16 year low CURRENCY TRADING SUMMARY – 03 MARCH 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed versus a number of majors, as equity markets was a cause for plenty of volatility on Friday. On the data front, inflation reported… read more
Australian FOREX Daily Outlook 29/02/2008
February 29, 2008Another day of record highs across the board. Core PCE in focus CURRENCY TRADING SUMMARY – 29 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) remained battered against a number of majors yesterday as Bernanke reconfirmed that major slowdowns in the economy. US economic growth was unrevised at an annual pace… read more
Australian FOREX Daily Outlook 28/02/2008
February 28, 2008Bernanke signals further rate cuts, as EURO, AUD, NZD, XAU, and Oil trade at record highs CURRENCY TRADING SUMMARY – 28 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) traded at record lows versus a number of majors as Fed Chairman Ben Bernanke signaled his willingness to cut rate again in… read more
Australian FOREX Daily Outlook 27/02/2008
February 27, 2008USD is battered on Kohn comments and abysmal consumer confidence, pushing Euro, Oil, and NZD to record highs. Ben Bernanke speaks on monetary Policy CURRENCY TRADING SUMMARY – 27 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was battered across the board as reports showed that consumer confidence dropped in the… read more
