Steadying Stock prices aids yields. Heavy data day ahead as EZ release CPI and Japan Unemployment reaches a 9 year low. CURRENCY TRADING SUMMARY –31 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) returning to its bearish sentiment on Monday following three previous sessions of rallying prompted by unwinding Japanese one… 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 30/07/2007
July 30, 2007Risk Aversion causes an unwinding in Carry trades and a drop in Stock prices as both USD and JPY are relieved of their pressure. CURRENCY TRADING SUMMARY –30 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) continued its recent rallies on the back of other majors. The U.S. dollar was also… read more
Australian FOREX Daily Outlook 27/07/2007
July 27, 2007Risk Aversion causes unwinding in the carry trade, as Majors ease across the board. US data in GDP and Core PCE, whilst Japan look onto Inflationary figures. CURRENCY TRADING SUMMARY –27 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) had a second day of rallying on the back of other majors…. read more
Australian FOREX Daily Outlook 26/07/2007
July 26, 2007RBNZ lift rates as US dollar rallies. Ongoing focus on the US housing sector with New Home Sales made public CURRENCY TRADING SUMMARY –26 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) was reprieved of its pressure on Wednesday on the back of technical trading. Despite renewed signs of a slowing… read more
Australian FOREX Daily Outlook 25/07/2007
July 25, 2007Share markets on drop on Sub-prime concerns, weighing on the greenback. Euro trades at an all time high of 1.3853 CURRENCY TRADING SUMMARY –25 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to trade lower against a basket of currencies, weighed upon by ongoing fears of worsening credit and housing… read more
Australian FOREX Daily Outlook 24/07/2007
July 24, 2007AUD and NZD break key psychological levels as the GBP trades above 2.0600. USDJPY trades at a six week low adding further insult to the greenback. CURRENCY TRADING SUMMARY –24 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) eased across the board as absence of data saw traders remain cautious. As… read more
Australian FOREX Daily Outlook 23/07/2007
July 23, 2007China raises rates causing Carry Trade Unwind. Commodity bloc currencies remain near record highs. CURRENCY TRADING SUMMARY –23 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to ease amidst ongoing concerns in the sub-prime mortgage market which is now assumed to have a greater impact on the consumer spending and… read more
Australian FOREX Daily Outlook 20/07/2007
July 20, 2007Bernanke further signals slowing housing sector. Poor UK Retail Sales, ahead of GDP data release on Friday CURRENCY TRADING SUMMARY –20 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) a mixed overnight as uncertainty in the US housing sector continued to weigh upon the dollar. A second day of testimony from… read more
Australian FOREX Daily Outlook 19/07/2007
July 19, 2007Bernanke indicates inflationary risks, and addresses slowing housing sector. RBA comfortable with an expensive AUD. CURRENCY TRADING SUMMARY –19 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) fell on Wednesday continually trading near a record lows against a basket of majors, following Chairman Bernanke’s admission that recent housing sector woes, may… read more
Australian FOREX Daily Outlook 18/07/2007
July 18, 2007USD gains support on PPI, TIC Flows and Industrial Production. UK Core CPI adds to sterling strength ahead of BoE minutes. CURRENCY TRADING SUMMARY –18 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed across the board, rallying against a fair few currencies with reports suggesting the Federal Reserve may… read more
