April US NonFarm Payrolls hit US Dollar, What now? – Monday 9th April -US March NonFarm Payrolls sharp miss at 103K vs. 188k forecast. -US Dollar Corrective Rally now uncertain, US Dollar Index (DXY) stalling at key 90 level. -US China Trade War fears simmering with no further progress either… 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.
Trader Talk
April 5, 2018What Happened on Last Week (26th March – 1st April) > Top 3? • Dollar Index started the week with a big decline but surprised by became the biggest gainer in Wednesday. • Easing North Korea News and the trade war risks made the JPY the worst performance • Big… read more
Trader Talk
March 29, 2018What Happened on Thursday > Top 3? • Limited momentum in the U.S adding significant weight over the concern of the escalation of a trade war • Looking ahead for next FOMC meeting, already pricing in 2.5 rate hike in the yield curve • Bitcoin price found its support in… read more
Trader Talk
March 15, 2018What Happened on Tuesday> Top 3? • EURUSD got its resistance at 1.2400, and AUDUSD got its rejection at 0.7900 in NY • The net short position continues to play in USDJPY, after disheartening CPI release in the U.S. • Bitcoin price subjects to short-term breakout, offering 0.22% increment yesterday… read more
Trader Talk
March 9, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
March 6, 2018What Happened on Monday > Top 3? • Tensions between Canada and the US over tariffs weigh heavily on CAD, reaching 1.3000 level. • Bitcoin price high maintain at above 11,000 level despites of pullback. • AUD heavily affected by the trade wars tension Outlook • (USD) The trade war… read more
Trader Talk
March 5, 2018What Happened on Friday > Top 3? • Powell’s second speech and Donald Trump’s protectionist remark sent the dollar below 90.00 level. • Trump’s Tariffs bad news push up the Yen, as risk aversion arose. • Bitcoin price high maintain at above 11,000 level at for 3 days consecutively. Outlook… read more
Trader Talk
March 1, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
February 28, 2018What Happened on Tuesday > Top 3? • Dollar edges up to its weekly highs and reclaims its gains against major currency bloc on Powell’s bullish testimony • In contrast to the dollar strengthening, gold slumped down to $1,318 tested $1,312 briefly • Failed to produce new high at $10,800,… read more
Trader Talk
February 27, 2018What Happened on Monday > Top 3? • Dollar index tested 89.90, selling bias extended the weakness for the greenback • Bullish bias and contrarian sentiment buoyed spot gold price close higher at $1,328 • A neckline breakout in bitcoin price, greater $11,800 resistance is merely $1,500 ahead Outlook •… read more
