What Happened on Friday > Top 3? • U.S. equity exhibited wide intraday move, and dollar inched lower holding range • Bullish bias and contrarian sentiment buoyed spot gold price close higher at $1,328 • Sell-off in bitcoin had drastically unwound on Saturday, await a breakout to unleash the bullish… 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.
Trader Talk
February 23, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
February 22, 2018What Happened on Wednesday > Top 3? • EURUSD slumps as we expected yesterday, along with 1.8% dump in the US30 • FEB March rate hike is effectively a done deal, FOMC minute provides explanation for four rate hikes in 2018 • Gold price retraces back to $1,335 and quickly… read more
Trader Talk
February 21, 2018What Happened on [Tuesday] > Top 3? • Dollar rallies in late NY session, albeit key resistance remains intact • Non-yielding metal becomes less attractive, gold endured steepest daily dump in 1.5 years down to $1,328 • USDJPY regained strength after the BOJ’s jawboning, demanding advance in US dollar Outlook… read more
Trader Talk
February 20, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
February 16, 2018What Happened on [Day] > Top 3? • Aggressive selling pressure in USDJPY, descending channel had been formed • AUDUSD meets its status quo upper bound (0.70~0.80), narrative may swift quick • Bitcoin breaks its $10,000 key psychology level, solid uptrend testing $11,000 Outlook • (USD) we have key resistance… read more
Trader Talk
February 15, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
February 14, 2018Australia (toll free) T 1800 176 935 International +61 9299 9466 Singapore (local call ) 31583201 New Zealand (toll free) 0800 327939 Malaysia (local call) 0154 8770 898 Philippines (local call) 1800 1116 1125
Trader Talk
February 13, 2018What Happened on Tuesday > Top 3? • Japan closed for holiday and no major shocks in G-11 currencies • U.S. dollar consolidates, and hold modest gains in NY session stabilize at its higher high • Bitcoin declares the strongest uptrend velocity for weeks 6.34% increase, testing $8,880 resistance Outlook… read more
