Central banks further inject liquidity high yielder’s continue to lose ground. Key data day ahead for US, EZ and UK. CURRENCY TRADING SUMMARY –14 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) rallied through out the day as central banks continued to fund liquidity into financial markets, in an attempt avoid… 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 13/08/2007
August 13, 2007Liquidity injection from Fed and ECB in attempt to stabilize financial markets. CURRENCY TRADING SUMMARY –13 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to strengthen against a basket of majors excluding the Japanese Yen in a volatile market. The USD remained distant from recent 15 year lows as a… read more
Australian FOREX Daily Outlook 10/08/2007
August 10, 2007PNB Paribas freeze funds causing plunge in global markets. US stock prices plunge CURRENCY TRADING SUMMARY –10 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) gained across the board except the Japanese Yen on Thursday as growing market uncertainty further prompted investors to repatriate funds to liquid US dollars. The move… read more
Australian FOREX Daily Outlook 09/08/2007
August 9, 2007RBA hike rates to an 11 year high of 6.50% as risk appetite returns to the market. CURRENCY TRADING SUMMARY –09 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) returned to its bearish nature as a basket of majors were able to regain strength vs. the greenback. Factored in, much of… read more
Australian FOREX Daily Outlook 08/08/2007
August 8, 2007Unstable Greenback as market grows wary of US economic growth and credit issues. CURRENCY TRADING SUMMARY –08 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) strengthened broadly against major currencies as the Federal Reserve kept interest rates on hold at 5.25% as expected. The Federal Reserve mentioned that inflation remained its… read more
Australian FOREX Daily Outlook 07/08/2007
August 7, 2007Unstable Greenback as market grows wary of US economic growth and credit issues. CURRENCY TRADING SUMMARY –07 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) hit a 15-year low against a basket of major currencies as traders speculate that the worst of the credit issues in the US are not yet… read more
Australian FOREX Daily Outlook 06/08/2007
August 6, 2007Non-farm payrolls disappoint. ISM Services weaker. Greenback sold off. CURRENCY TRADING SUMMARY –06 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) was softer with traders selling the Greenback against major currencies after economic data disappointed the markets. The all important Non-farm payrolls came in at 92k for the month of July… read more
Australian FOREX Daily Outlook 03/08/2007
August 3, 2007ECB and BoE keep rates on hold. USD weakens as majors strengthen across the board CURRENCY TRADING SUMMARY –03 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) was generally weaker across the board except against the Yen, as appetite for beleaguered currencies sold off during the week returned ahead of non-farm… read more
Australian FOREX Daily Outlook 02/08/2007
August 2, 2007Rebound in US stock prices provides stability on the market. Eyes on ECB and BoE rate announcement today. CURRENCY TRADING SUMMARY –02 AUGUST 2007 (00:30GMT) U.S. Dollar Trading (USD) rallied late Asian and early European session to pair its gains in the New York session ensuring that it slid against… read more
Australian FOREX Daily Outlook 01/08/2007
August 1, 2007US share market volatility continues, as Crude oil trades at an all time high. Manufacturing data the theme for the day. 01 AUGUST 2007 (00:30GMT)CURRENCY TRADING SUMMARY – U.S. Dollar Trading (USD) was mixed against a basket of currencies, attributed to investor tracking of U.S. stock prices and mixed economic… read more
