UK PPI boosts outlook for economy, as G7 remain cautious on global growth CURRENCY TRADING SUMMARY – 12 FEBRUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was generally firmer in the US session against a number of majors, as risk aversion prompted a broad sell off in high yielder’s. In what… 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 08/02/2008
February 8, 2008BoE cut rates by 25 bps, as ECB hold citing slowing growth. CURRENCY TRADING SUMMARY – 08 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) rallied trading on the back of other markets, as recent US economic slow down causing jitters in other markets. With limited data out of the US,… read more
Australian FOREX Daily Outlook 06/02/2008
February 6, 2008RBA hike rates, as US services industry declines at it fastest rates in 7 years. CURRENCY TRADING SUMMARY – 06 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was volatile largely on the back of a significant contraction in ISM services figures for the month of January, coming in at 41.9… read more
Australian FOREX Daily Outlook 04/02/2008
February 4, 2008Non Farm Payrolls contract by -17k jobs, although stock prices rally CURRENCY TRADING SUMMARY – 04 FEBRUARY 2008 (06:30GMT) ·U.S. Dollar Trading (USD) was subject to a volatile session, pressured against a number of majors due to an unexpected contraction in the Non Farm Payrolls for December by -17 k… read more
Australian FOREX Daily Outlook 31/01/2008
January 31, 2008Fed Deliver a 50 basis point cut, with room to move CURRENCY TRADING SUMMARY – 31 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) saw the Federal Reserve cut rates by 50 basis points as widely expected as growing fears regarding a US recession remains. As a result the USD was… read more
Australian FOREX Daily Outlook 30/01/2008
January 30, 2008Spotlight on FOMC rate announcement. CURRENCY TRADING SUMMARY – 30 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was range bound as traders remained tepid ahead of the much anticipated FOMC rate announcement on Wednesday. On last measurement the markets had priced a 74% possibility that the Fed officials will move… read more
Australian FOREX Daily Outlook 29/01/2008
January 29, 2008US Housing slump remains, as bets added to 50 bps cut by Federal Reserve. CURRENCY TRADING SUMMARY – 29 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) eased further against a number of majors as traders bet the Federal Reserve will look to cut interest rates by 50 bps later this… read more
Australian FOREX Daily Outlook 25/01/2008
January 25, 2008US Fiscal Stimulus gets the green light. High yielder’s back in demand CURRENCY TRADING SUMMARY – 25 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) fell against a number of majors as sales of Existing Homes in the U.S. fell more than forecast in December, capping the biggest annual slump in… read more
Australian FOREX Daily Outlook 24/01/2008
January 24, 2008Dust settles from Emergency rate cut. Aussie CPI above comfort band CURRENCY TRADING SUMMARY – 24 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) paired losses against a number of majors following Wednesdays decline. The Fed rate cut did little to calm investor’s fears of a U.S. recession and its effect… read more
Australian FOREX Daily Outlook 23/01/2008
January 23, 2008CURRENCY TRADING SUMMARY – 23 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) markets were turned on its head following the emergency 75bps rate cut on Tuesday. The first inter-meeting cut since 2001 ensured that the borrowing rate in the world’s largest economy now sits at 3.50%, lower than the Euro… read more
