Key Manufacturing data release to begin the week. AUD and GBP break key levels to remain bullish. CURRENCY TRADING SUMMARY –02 JULY 2007 (00:30GMT) U.S. Dollar Trading (USD) mixed data out of the US continued to cloud the greenback. Several economic indicators, including the Core PCE price index, Chicago PMI… 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 29/06/2007
June 29, 2007Fed Rate unchanged as “inflation to expand at moderate pace”. Carry trades rturn ahead of key Japanese Inflationary data. CURRENCY TRADING SUMMARY –29 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was relatively steady on Thursday amidst the Federal Reserve keeping rates unchanged at 5.25%, failing to provide any direction on… read more
Australian FOREX Daily Outlook 28/06/2007
June 28, 2007High Yielder’s fall on the back of Yen cross sell off. Japanese Yen trades under 123.00 as carry trades loose their appeal. FOMC interest rate announcement CURRENCY TRADING SUMMARY –28 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) rallied against a basket of currencies in the early part of the European… read more
Australian FOREX Daily Outlook 27/06/2007
June 27, 2007US New Home Sales further weighs on slowing housing sector, As Federal Reserve begin their two day meeting whilst Japan to release Retail Sales. CURRENCY TRADING SUMMARY –27 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against major currencies as a lower than expected reading for US consumer confidence… read more
Australian FOREX Daily Outlook 26/06/2007
June 26, 2007GBP tests $2 mark before retreating. Plenty of focus on the US housing sector with further data set for release. CURRENCY TRADING SUMMARY –26 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was subject to further slowing in the housing sector as Existing Home Sales for the month of May fell… read more
Australian FOREX Daily Outlook 25/06/2007
June 25, 2007AUD reaches 18 year high as GBP target the $2 level. US Existing Home Sales the key piece of data. CURRENCY TRADING SUMMARY –25 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against a basket of currencies as little data was released from U.S. markets to end the week…. read more
Australian FOREX Daily Outlook 22/06/2007
June 22, 2007Kiwi Dollar touches a record high since floating 22 years ago. High-yielder’s continue to be point of interest as Philly Fed gives initial support to USD. CURRENCY TRADING SUMMARY –22 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed across the board as an unexpectedly large gain in Philadelphia area… read more
Australian FOREX Daily Outlook 21/06/2007
June 21, 2007BoE minutes surprises with a 5 to 4 vote giving a bullish GBP outlook, markets pricing in rate hike next month. Philly Fed survey set for release out of the U.S. Today. CURRENCY TRADING SUMMARY –21 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against a basket of currencies… read more
Australian FOREX Daily Outlook 20/06/2007
June 20, 2007US housing falls, hampering the dollar. EURJPY reaches all time high as carry trades remain in full swing. BoE minutes to support bullish sterling. CURRENCY TRADING SUMMARY –20 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) eased against a basket of majors as housing starts fell to 1.474 mio for the… read more
Australian FOREX Daily Outlook 19/06/2007
June 19, 2007Speculation of second RBNZ intervention in the space of one week. Japanese Yen crosses at multi year highs, EURJPY record high of 165.83. German ZEW survey to be released. CURRENCY TRADING SUMMARY –19 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) eased across the board affected by further drop in U.S…. read more
