USD continues to remain bearish on poor data. Commodity bloc currencies the biggest gainers overnight. CURRENCY TRADING SUMMARY –17 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) was battered across the board against other majors as investor’s pre-empted poor data out of the U.S. this week, showing declines in inflation. Some… 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 16/07/2007
July 16, 2007Poor US Retail Sales a cause for further dollar weakness. Euro trades at a new all time high of 1.3815. New Zealand and EZ to release CPI figures. CURRENCY TRADING SUMMARY –16 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) eased against a basket of currencies, trading flat versus a select… read more
Australian FOREX Daily Outlook 13/07/2007
July 13, 2007EURUSD reaches another record high of 1.3799. BoJ hold rates giving the all clear for carry trades and Japanese crosses. CURRENCY TRADING SUMMARY –13 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to be exposed to bearish sentiment as further discomfort in the US Sub-Prime Mortgage and Credit Markets continue… read more
Australian FOREX Daily Outlook 12/07/2007
July 12, 2007US Housing Sector in focus causing EURUSD all time high, as carry trades return. Aussie Unemployment Rate set for release. CURRENCY TRADING SUMMARY –12 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) eased against a basket of currencies as ongoing implications of the sub-prim mortgage market continued to place doubt in… read more
Australian FOREX Daily Outlook 11/07/2007
July 11, 2007USD weakness across the board, most currencies rally against the greenback to record highs CURRENCY TRADING SUMMARY –11 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) fell against most major currencies as US investor confidence waned amid the sub-prime mortgage debacle and the fact that no clear signal was given from… read more
Australian FOREX Daily Outlook 10/07/2007
July 10, 2007GBPJPY and EURJPY continue to trade at record highs. Federal Reserve Chairman expected to talk on inflation in the U.S. Economy. CURRENCY TRADING SUMMARY –10 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) was relatively steady against a basket of majors on Monday, largely attributed to absence of data out of… read more
Australian FOREX Daily Outlook 09/07/2007
July 9, 2007Boost in US Payrolls data gives short reprieve as GBPJPY and EURJPY crosses reach all time highs. CURRENCY TRADING SUMMARY –09 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) initially gained following a strong reading in Non Farm Payrolls coming in better than expectations at 132 for the month of June… read more
Australian FOREX Daily Outlook 05/07/2007
July 5, 2007Independence day cause for little movement as ECB President Trichet is not “vigilant”. BoE and ECB rate announcement today. CURRENCY TRADING SUMMARY –05 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) was still weary, remaining near multi year lows against a basket of currencies. With thin trading on the back of… read more
Australian FOREX Daily Outlook 04/07/2007
July 4, 2007Rebound for the USD on profit taking ahead of July 4. RBA expected to keep rates on hold. BoE and ECB rate announcements nearing. CURRENCY TRADING SUMMARY –04 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) rebounded on Wednesday, following two previous sessions of sharp declines. Although some reprieve was seen,… read more
Australian FOREX Daily Outlook 03/07/2007
July 3, 2007ISM Manufacturing reaches 14 month high as markets more concerned with housing sector. AUD and GBP reach fresh multi year highs. CURRENCY TRADING SUMMARY –03 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) saw markets disregard a buoyant reading in June’s ISM Manufacturing (Actual: 56 Forecast: 54.8) be disregarded by markets… read more
