Poor US CPI data causes the greenback to slide against all other majors, as UK CPI helps break the 2.0000 level. BoE minutes scheduled for release along with UK unemployment rate. CURRENCY TRADING SUMMARY –18 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) slid against all majors on Wednesday as markets… 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 17/04/2007
April 17, 2007Appetite for risk remains as G7 summit approves carry trades. Positive economic data does little to stop a weakening greenback. CPI set for release out of US and UK CURRENCY TRADING SUMMARY –17 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) suffered in the first day post G7 summit following reference… read more
Australian FOREX Daily Outlook 16/04/2007
April 16, 2007G7 summit does not interfere on carry trades as bias remains the same as Essen meeting. Euro reaches two year high against USD and record high against JPY. USset to release Retail sales, NY Fed manufacturing survey and Tic Flows CURRENCY TRADING SUMMARY –16 APRIL 07 (23:30GMT) U.S. Dollar Trading… read more
Australian FOREX Daily Outlook 13/04/2007
April 13, 2007ECB keep interest rates on hold as Trichet hints at a June hike. AUD reaches 16 year highs on the back of a 31 year low Unemployment rate. CURRENCY TRADING SUMMARY –13 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) fell against most other majors on Thursday with little data released… read more
Australian FOREX Daily Outlook 12/04/2007
April 12, 2007High yielding currencies the biggest movers as IMF statements give the go ahead for carry trades. Key data for Australia with unemployment rate as ECB prepares for Interest rate decision. CURRENCY TRADING SUMMARY –12 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) received some support following the release of the minutes… read more
Australian FOREX Daily Outlook 11/04/2007
April 11, 2007CURRENCY TRADING SUMMARY –11 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) slumped during Tuesday trading, as further indication of protectionism between China and the US was on the rise following revelations that the United States had questioned piracy issues at the World Trade Organization, preventing key industries in film, literature… read more
Australian FOREX Daily Outlook 10/04/2007
April 10, 2007CURRENCY TRADING SUMMARY –10 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) ended last week sliding on Thursday ahead of the US jobs data, as many investors awaited the result to see if the Labour market had slowed, giving any further indication of an expected rate cut. With little data plenty… read more
Australian FOREX Daily Outlook 05/04/2007
April 5, 2007CURRENCY TRADING SUMMARY –05 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) slid on Wednesday against most other majors. On the data front, fundamental trading was largely attributed to weaker than expected non-Manufacturing ISM being released at 52.4 (the lowest in four years) with most economists expecting a figure of 55…. read more
Australian FOREX Daily Outlook 04/04/2007
April 4, 2007CURRENCY TRADING SUMMARY –04 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed on Tuesday despite support to the slowing housing sector with Pending Home Sales coming in stronger at 109.3 for the month of February, although it created little impact. In US share markets, the NASDAQ was up by… read more
Australian FOREX Daily Outlook 03/04/2007
April 3, 2007CURRENCY TRADING SUMMARY –03 APRIL 07 (23:30GMT) U.S. Dollar Trading (USD) slid against all other majors on Monday as markets await Friday’s jobs data and other indicators on a possible rate cut. Manufacturing ISM came in a little worse than expected at 50.9 (Forecast: 51.1) yet the Dollar shrugged it… read more
