USD weakens as risk appetite resumes. Aussie CPI set for release. CURRENCY TRADING SUMMARY –24 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased against a basket of majors on Tuesday fuelled by growing expectations that the Fed rate cut is certain to materialize. In an absence of data, the Richmond… 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 23/10/2007
October 23, 2007Japanese Yen pushes majors down on drop in stock prices and G7 summit, USD dollar finds relief. CURRENCY TRADING SUMMARY –23 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rallied against a number of majors, following through from the G7 summit over the weekend. Despite the inability of officials to address… read more
Australian FOREX Daily Outlook 22/10/2007
October 22, 2007G7 fails to address the weak Dollar, instead concerned with the Yuan. CURRENCY TRADING SUMMARY –22 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was subject to extensive volatility to end the week. With plenty of emphasis placed on the G7 summit and the expected focal point of recent USD weakness,… read more
Australian FOREX Daily Outlook 19/10/2007
October 19, 2007Euro trades at record high of 1.4311 ahead of G7 meeting. CURRENCY TRADING SUMMARY –19 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) fell against a number of currencies on Thursday as the U.S. second largest bank, Bank of America Corp., said trading losses, defaults and write downs had cost about… read more
Australian FOREX Daily Outlook 18/10/2007
October 18, 2007Housing starts fall to its lowest level in 14 years, capping USD gains. CURRENCY TRADING SUMMARY –18 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) paired its previous session gains against a number of majors. In data news, U.S. Core CPI was released on consensus at 0.2%/2.1% whilst headline CPI rose… read more
Australian FOREX Daily Outlook 17/10/2007
October 17, 2007Stock drop causing carry trade unwinds. Crude oil reaches record high with focus shifting to US CPI. CURRENCY TRADING SUMMARY –17 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) experienced a volatile session on Tuesday strengthening against a number of currencies in a market led by risk aversion. The USD also… read more
Australian FOREX Daily Outlook 16/10/2007
October 16, 2007USD drop on the back of softer stock prices. Gold at 27 year high CURRENCY TRADING SUMMARY –16 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a basket of currencies overnight as a drop in stock prices attributed to further downside moves in the currency. In data news,… read more
Australian FOREX Daily Outlook 15/10/2007
October 15, 2007Positive Retail Sales gives further cause for carry trades as UK house prices slump. CURRENCY TRADING SUMMARY –15 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a number of currencies buoyed by positive Core Retail Sales figures for the month September coming in at 0.4% (forecast: 0.3%), dousing… read more
Australian FOREX Daily Outlook 12/10/2007
October 12, 2007BoJ keep rates on hold as ECB warns on inflation. Aussie Unemployment rate at 33 year lows of 4.2% CURRENCY TRADING SUMMARY –12 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased against a number of majors in an overall mixed session. In data news, U.S. trade deficit narrowed to -57.6bln… read more
Australian FOREX Daily Outlook 11/10/2007
October 11, 2007USD weakness with focus on BoJ rate announcement. CURRENCY TRADING SUMMARY –11 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased once again for the second consecutive session although plenty of market movements traded in a technical range. In what was otherwise a quiet data day, U.S. share markets the NASDAQ… read more
