September 18 FOMC causes USD weakness. UK growth to slow in 2008 CURRENCY TRADING SUMMARY –10 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) pared losses against a basket of currencies as the FOMC minutes of the September 18 meeting indicated that policy makers remained concerned about inflationary pressures despite cutting… 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 09/10/2007
October 9, 2007EU officials watch USD attentively. Minutes of the September 18 FOMC meeting released CURRENCY TRADING SUMMARY –09 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) advanced against a basket of currencies as speculators trimmed bets on the Federal Reserve reducing borrowing costs at the end of the month. With a number… read more
Australian FOREX Daily Outlook 08/10/2007
October 8, 2007Positive Jobs data out of the US fails to provide any dollar confidence. CURRENCY TRADING SUMMARY –08 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was volatile throughout the New York session as Non Farm Payrolls data surprised on the upside, coming in better than forecasted at 110K (Forecast: 90k) jobs… read more
Australian FOREX Daily Outlook 05/10/2007
October 5, 2007USD three day rally snapped as markets await Non Farm Payrolls data. CURRENCY TRADING SUMMARY –05 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased on Thursday ceasing a three day rally as traders wait in anticipation of Fridays Non Farm Payrolls data, which may indicate further rate cuts from the… read more
Australian FOREX Daily Outlook 04/10/2007
October 4, 2007USD rebounds as markets await payrolls data. BoE and ECB rate announcement today. CURRENCY TRADING SUMMARY –04 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rebounded across the board as private reports on employment and services suggested the US economy is weathering the housing slump. Both ISM Services and ADP employment… read more
Australian FOREX Daily Outlook 03/10/2007
October 3, 2007US Housing concerns continue to surround markets. G7 summit looming CURRENCY TRADING SUMMARY –03 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rebounded against a basket of currencies overnight as speculators trimmed bets against the USD ahead of key data releases later on this week. Plenty of skepticism surrounds the G7… read more
Australian FOREX Daily Outlook 02/10/2007
October 2, 2007Poor ISM manufacturing data as markets look to US Pending Home Sales CURRENCY TRADING SUMMARY –02 OCTOBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) moved away from record lows despite looking pressured against a basket of majors. Much of the moves were on profit taking, as investors squared positions against the… read more
Australian FOREX Daily Outlook 28/09/2007
September 28, 2007USD eases on growing housing concerns, as New Home Sales a seven year low. Heavy data day for Japan. CURRENCY TRADING SUMMARY –28 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) fell against a basket of majors following a poor reading in US New Home Sales on Thursday. With emphasis on… read more
Australian FOREX Daily Outlook 27/09/2007
September 27, 2007USD hold firm despite poor data. All eyes on US New Home Sales. CURRENCY TRADING SUMMARY –27 SEPTEMBER 2007 (00:30GMT) U.S. Dollar Trading (USD) rebounded from record lows against the Euro and a basket of majors. Orders for U.S. made durable goods fell 4.9 percent in August, the most in… read more
Australian FOREX Daily Outlook 26/09/2007
September 26, 2007Poor housing data weighs heavy on the USD. Focus on UK GDP . CURRENCY TRADING SUMMARY –26 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased once again following declines in US consumer confidence and existing home sales added to expectations that the Federal Reserve will ease a second time for… read more
