Euro trades at another record high on views of poor US housing data. CURRENCY TRADING SUMMARY –25 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) fell further on Monday against a basket of majors as U.S. growth appears to be losing momentum, highlighting ongoing expectations that the Federal Reserve will resort… 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 24/09/2007
September 24, 2007US dollar fails to sustain any gains. Bernanke to speak in Washington. CURRENCY TRADING SUMMARY –24 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) once again traded near record lows against the Euro and continued to ease against a basket of majors having rebounded earlier, with ongoing views Federal Reserve will… read more
Australian FOREX Daily Outlook 21/09/2007
September 21, 2007Euro all time high of 1.4099, Canadian Dollar at Parity on further USD weakness. CURRENCY TRADING SUMMARY –21 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) eased further overnight on ongoing speculation that the Federal Reserve will continue to reduce interest rates, dwindling any demand for the USD. Bearish sentiment was… read more
Australian FOREX Daily Outlook 20/09/2007
September 20, 2007CPI and Housing data view for further rate movements. Bernanke to speak today. CURRENCY TRADING SUMMARY –20 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) was mixed against a basket of currencies in light of Tuesday’s rate announcement. Adding to further USD weakness were views that the Fed will look to… read more
Australian FOREX Daily Outlook 19/09/2007
September 19, 2007Fed bite the bullet, cutting by 50 bpt to sit at 4.75%. Focus shifts to BoJ CURRENCY TRADING SUMMARY –19 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) tumbled across the board as the Fed decided on an aggressive 50 basis point cut on Tuesday. The benchmark interest rate now sits… read more
Australian FOREX Daily Outlook 18/09/2007
September 18, 2007Spotlight on FOMC, as markets await. CURRENCY TRADING SUMMARY –18 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) stabilized gaining against a basket of currencies in an overly cautious market. With plenty of emphasis being placed on Tuesday’s FOMC decision, speculators were guarded on bets against the dollar. The NY Empire… read more
Australian FOREX Daily Outlook 17/09/2007
September 17, 2007Northern Rock, rocks the Sterling. Markets anticipate Federal Reserve rate announcement. CURRENCY TRADING SUMMARY –17 SEPTEMBER 2007 (00:30GMT) ·U.S. Dollar Trading (USD) rebounded against a number of currencies to end the week as speculators entertained alternative outcomes of the much anticipated September 18 FOMC rate announcement. In recent times markets… read more
Australian FOREX Daily Outlook 14/09/2007
September 14, 2007Sterling tumbles on liquidity concerns. US Retail Sales highlight. CURRENCY TRADING SUMMARY –14 SEPTEMBER 2007 (00:30GMT) U.S. Dollar Trading (USD) traded near record lows against a basket of majors on further expectations that the Federal Reserve will look to cut interest rates as early as next week. In U.S. share… read more
Australian FOREX Daily Outlook 13/09/2007
September 13, 2007Euro and oil reach an all time on high. Further confidence in Fed cut CURRENCY TRADING SUMMARY –13 SEPTEMBER 2007 (00:30GMT) U.S. Dollar Trading (USD) eased further against a basket of currencies as bets increased surrounding expectations that the target interest rate will be cut next week. The USD declined… read more
Australian FOREX Daily Outlook 12/09/2007
September 12, 2007Bernanke hints at rate cuts providing confidence to financial markets. CURRENCY TRADING SUMMARY –12 SEPTEMBER 2007 (00:30GMT) U.S. Dollar Trading (USD) the USD fell against most other majors, trading near record lows against the EUR, with further views that the Fed will look to cut interest rates at the next… read more
