UK CPI flat, ahead of BoE minutes. ECB inject funds, as RBA sound hawkish CURRENCY TRADING SUMMARY –19 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) held firm versus a number of majors on Tuesday in a range bound session. In data news, both Building Permits and Housing Starts were released… 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 18/12/2007
December 18, 2007USD continues its rally on mixed data. Focus on US Housing Starts and UK CPI. CURRENCY TRADING SUMMARY –18 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rose to seven week high against the Euro and was able to rally against a number of other majors, all but the sterling pound…. read more
Australian FOREX Daily Outlook 17/12/2007
December 17, 2007US Inflationary data strengthen dollar. Japanese business sentiment at 2 year lows. CURRENCY TRADING SUMMARY –17 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) continued to strengthen against a basket of majors as inflation data reports on Friday signaled the biggest increase seen in two years prompting speculators to trim bets… read more
Australian FOREX Daily Outlook 14/12/2007
December 14, 2007Dollar boosted by strong data. Japanese Tankan Reports at 2 year lows for Q4 CURRENCY TRADING SUMMARY –14 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) reversed its previous session declines against a number of majors, as stronger than forecasted reports on Retail Sales and PPI eased concerns that the US… read more
Australian FOREX Daily Outlook 13/12/2007
December 13, 2007Central Banks announce joint venture to ease short term funding pressure. USD reverses it rally. CURRENCY TRADING SUMMARY –13 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased from it previous session rally, post Fed rate cut on Tuesday. The dollar further weakened as central banks announced a joint effort to… read more
Australian FOREX Daily Outlook 12/12/2007
December 12, 2007Federal Reserve cut rates by 25 basis points, as stock plunge in retaliation. CURRENCY TRADING SUMMARY –12 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to a volatile session, as the Federal Reserve moved to cut rates by 25 basis points as widely expected. As a result, traders trimmed… read more
Australian FOREX Daily Outlook 11/12/2007
December 11, 2007USD weaker ahead of rate announcement. Fed expected to cut by 25 bpt CURRENCY TRADING SUMMARY –11 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased against a basket of majors, as traders pre-empted rate cuts from the Federal Reserve to materialize on Tuesday. Although Friday’s Non Farm Payrolls data confirmed… read more
Australian FOREX Daily Outlook 10/11/2007
December 10, 2007Non Farm Payrolls provides support for the USD, in anticipation of a Fed rate cut. CURRENCY TRADING SUMMARY –10 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was buoyed by positive payroll readings for the month of November. Following strong release of jobs data earlier in the week, Non Farm Payrolls… read more
Australian FOREX Daily Outlook 07/12/2007
December 7, 2007BoE cut rates as ECB hold. Non-Farm Payrolls scheduled for release. CURRENCY TRADING SUMMARY –07 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed versus a number of majors, in what proved to be a volatile session. In U.S share markets the NASDAQ was up 42.67 points (+1.6%) whilst the… read more
Australian FOREX Daily Outlook 06/11/2007
December 6, 2007USD boosted by jobs data. ECB and BoE rate decision ahead. CURRENCY TRADING SUMMARY –06 DECEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rose for the first time during the week as buoyant data was released in the form of Jobs, Production, and Factory orders. The dollar also gained on trimmed… read more
