Global Stocks plunge on U.S. recession fears. High yielder’s worst affected. CURRENCY TRADING SUMMARY – 22 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) saw markets closed in the U.S. for Martin Luther King Day. Nonetheless the volatility was heightened as fears over the prospect of a US slowdown spilled over… 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 21/01/2008
January 21, 2008Stock prices influence FX markets once again. Aussie PPI to be released ahead of RBA rate hike expectations next month. CURRENCY TRADING SUMMARY – 21 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed versus a number of majors on Friday on a relatively quiet day of trading when compared… read more
Australian FOREX Daily Outlook 18/01/2008
January 18, 2008Soft US data, and plunging stock prices cause market volatility. Bernanke comments on a slowing 2008 CURRENCY TRADING SUMMARY – 18 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) declined with respect to a number of majors as Federal Reserve Chairman Ben Bernanke informed the Central Bank that will take “substantive… read more
Australian FOREX Daily Outlook 17/01/2008
January 17, 2008ECB Officials hint at slowing growth, as US CPI figures remain stable CURRENCY TRADING SUMMARY – 17 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) saw key inflationary measures released on expectations, with Core CPI coming in at 0.2%, whilst headline figures were released at 0.3% (Forecast: 0.2%). In other data… read more
Australian FOREX Daily Outlook 16/01/2008
January 16, 2008US Stock plunge. CPI data out of the US and EZ today CURRENCY TRADING SUMMARY – 16 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) saw another session of volatility as markets once again paid attention to the equity prices as a gauge for market stability. As traders added to bets… read more
Australian FOREX Daily Outlook 15/01/2008
January 15, 2008Rebounding US stocks does little to quell 50 bps rate cut. XAU breaks the $900 mark. CURRENCY TRADING SUMMARY – 15 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was battered against a number of majors as U.S. interest rates are foreseen to drop by 50 basis points to sit lower… read more
Australian FOREX Daily Outlook 14/01/2008
January 14, 2008Growing concerns in Financial Markets cause risk aversion as U.S. Trade Deficit widens. CURRENCY TRADING SUMMARY – 14 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) once again was subject to a volatile session, initially rallying against the EUR before Trade Balance data ensured that any further gains were capped. The… read more
Australian FOREX Daily Outlook 11/01/2008
January 11, 2008Bernanke hints at further easing, possibly 50 bp cut. CURRENCY TRADING SUMMARY – 11 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was battered against a number of majors last night as Ben Bernanke signaled the central bank may cut borrowing costs at the next meeting to counter “downside risks to… read more
Australian FOREX Daily Outlook 10/01/2008
January 10, 2008XAU traded at record high of 891.40 as stock prices rebound. CURRENCY TRADING SUMMARY – 10 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was revived overnight as a number of majors lost ground versus the greenback. Much of the dollar strength was attributed to St. Louis Federal Reserve Bank President… read more
Australian FOREX Daily Outlook 09/01/2008
January 9, 2008XAU rockets to fresh record highs, as U.S. stock plunge. CURRENCY TRADING SUMMARY –09 JANUARY 2008 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to an extremely volatile session on Tuesday as Financial Markets had plenty of influence on the market. In US share markets ongoing repatriation of USD denominated assets,… read more
