US CPI fails to impress igniting USD selling across the board. UK CPI comes in as expected. CURRENCY TRADING SUMMARY –16 MAY 07 (00:30GMT) U.S. Dollar Trading (USD) was overall weaker in the overnight session as CPI failed to ignite US dollar buying. Headline CPI rose 0.4% compared to a… 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 15/05/2007
May 15, 2007Technical trading on majors to begin the week. Spotlight on US CPI data, a key measure of inflationary pressures. CURRENCY TRADING SUMMARY –15 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed against other majors to begin the week on Monday. With the absence of key data, many currency pairs… read more
Australian FOREX Daily Outlook 14/05/2007
May 14, 2007USD eases on the back of poor Retail Sales and PPI. AUD ends the week above 0.8300 levels. UK to release PPI whilst EZ release Industrial Production. CURRENCY TRADING SUMMARY –14 MAY 07 (00:30GMT) U.S. Dollar Trading (USD) eased against a basket of currencies to end the week on Friday… read more
Australian FOREX Daily Outlook 11/05/2007
May 11, 2007AUD rallies on surprising Unemployment rate, ECB rates unchanged as BoE hike. USD rebounds significantly on Paulson comments. U.S. PPI and Retail Sales released. CURRENCY TRADING SUMMARY –11 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) gained across the board despite initially losing ground on the back of a weaker trade… read more
Australian FOREX Daily Outlook 10/05/2007
May 10, 2007FOMC keep rates unchanged giving USD some support ahead of BoE and ECB interest rate announcements. US set to release Trade Balance, Aussie Unemployment rate. CURRENCY TRADING SUMMARY –10 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) rallied against a handful of majors on Wednesday following the Federal Reserve decision to… read more
Australian FOREX Daily Outlook 09/05/2007
May 9, 2007Aussie Retail Sales surprise giving support to the AUD. FOMC the first central bank to make an announcement this week, ahead of BoE and ECB CURRENCY TRADING SUMMARY –09 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed on Tuesday due to technical trading ahead of the FOMC meeting which… read more
Australian FOREX Daily Outlook 08/05/2007
May 8, 2007Major’s trade on technical’s as little data is released to move currencies. Aussie Retail Sales to be released today. CURRENCY TRADING SUMMARY –08 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) eased on Monday ahead of the FOMC rate decision later this week, underlining the expectations for U.S. interest rates to… read more
Australian FOREX Daily Outlook 07/05/2007
May 7, 2007Non – Farm Payrolls disappoints as further slowing economic growth in the US reverses recent dollar rallies. AUD slides on the back of widening Trade Balance CURRENCY TRADING SUMMARY – 07 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) ended its previous three straight day of strength on Friday as Non-Farm… read more
Australian FOREX Daily Outlook 04/05/2007
May 4, 2007USD rallies for the third straight day with growth in the service sector. Non-Farm Payrolls and Unemployment the key data out of US on Friday. CURRENCY TRADING SUMMARY –04 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) continued its rally for the third consecutive day, following Non-manufacturing ISM eased concerns of… read more
Australian FOREX Daily Outlook 03/05/2007
May 3, 2007USD rallies across the board with buoyant factory orders. RBA keep interest rates unchanged at 6.25%. US Jobs data the theme to end the week. CURRENCY TRADING SUMMARY –03 MAY 07 (23:30GMT) U.S. Dollar Trading (USD) rallied across the board yesterday as strong data in the shape of factory orders… read more
