Poor inflationary data ends USD rally, as CPI rises at it slowest rate since March 2006. BoJ ambiguity causes the USDJPY to reach a fresh 4.5 year high. CURRENCY TRADING SUMMARY –18 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) eased against a basket of majors, dropping 0.4% against the Euro…. 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 15/06/2007
June 15, 2007US Producer Prices boost dollar as RBA buys time on rate hike. Outlook on BoJ, key US inflationary data, and Capital Net Flows. CURRENCY TRADING SUMMARY –15 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against all majors as Core Produce Price index rose to 1.6% for the month… read more
Australian FOREX Daily Outlook 14/06/2007
June 14, 2007USD rallies on the back of strong Retail Sales. RBA Governor Stevens expected to take a hawkish tone, EZ CPI out along with UK Retail Sales. CURRENCY TRADING SUMMARY –14 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to be buoyed by higher treasury yields, and was further supported by… read more
Australian FOREX Daily Outlook 13/06/2007
June 13, 2007Bonds reach 5 year highs giving further support to the USD, GBP rebounds on rate increase speculation by Gov King. US Retail Sales released today. CURRENCY TRADING SUMMARY –13 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) rallied against the Euro for the fifth consecutive session to touch two month highs,… read more
Australian FOREX Daily Outlook 12/06/2007
June 12, 2007RBNZ intervene to sell off the Kiwi Dollar, causing a 1.8% drop. Heavy data day for UK with CPI, Trade Balance and Retail Sales. CURRENCY TRADING SUMMARY –12 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to rally for the fourth consecutive session against the Euro, with the benchmark 10… read more
Australian FOREX Daily Outlook 11/06/2007
June 11, 2007USD rallies on the back of surging yields and tightening of trade deficit. Japan set to release GDP data as UK publishes PPI. CURRENCY TRADING SUMMARY –11 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) rebounded broadly against a basket of majors as US treasury yields widened their advantage over other… read more
Australian FOREX Daily Outlook 08/06/2007
June 8, 2007Aussie and Kiwi surge on respective Unemployment Rate and Interest rate releases, whilst the BoE hold. US trade balance to end the week CURRENCY TRADING SUMMARY –08 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against all other majors before rebounding against the Euro on Thursday, as expectations for… read more
Australian FOREX Daily Outlook 07/06/2007
June 7, 2007Buoyant Aussie economic growth sees an 18 year high for the AUD. ECB and RBNZ increase rates. BoE rate announcement today, along with Aussie unemployment rate. CURRENCY TRADING SUMMARY –07 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) was mixed against other majors on Wednesday rebounding against the Euro in particular…. read more
Australian FOREX Daily Outlook 06/06/2007
June 6, 2007USD tumbles across the board as housing sector weighs heavy. AUD reaches 17 year high in scope of RBA announcement and GDP release. CURRENCY TRADING SUMMARY –06 JUNE 2007 (00:30GMT) U.S. Dollar Trading (USD) continued to dip below key support levels as comments made by Federal Reserve Chairman Bernanke referred… read more
Australian FOREX Daily Outlook 31/05/2007
May 31, 2007Currencies hold firm in wake of 6.5% drop in Chinese stocks. Busy end to the week for US markets with manufacturing ISM and Non Farm Payrolls. CURRENCY TRADING SUMMARY –31 MAY 2007 (00:30GMT) Please note: Today’s daily outlook will include key data release for the 1st of June 2007. The… read more
