CURRENCY TRADING SUMMARY –19 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) weakened against all majors on Friday as markets were still skeptical following the number of defaults in the sub prime mortgage markets. On the back of expected core CPI data the dollar strengthened as the figure indicated that 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 16/03/2007
March 16, 2007CURRENCY TRADING SUMMARY –16 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed against all majors last night mainly on the back of investors remaining concerned over the sub-prime mortgage market and its effect on the wider economy. In positive news, February U.S. inflation data and January U.S. capital inflows… read more
Australian FOREX Daily Outlook 15/03/2007
March 15, 2007CURRENCY TRADING SUMMARY –15 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) fell against most other majors on Wednesday, largely on the back of a sharp decline in the US share markets (before recuperating) amid concerns the U.S. sub-prime mortgage market may spread through the broader economy. In other news the… read more
Australian FOREX Daily Outlook 13/03/2007
March 13, 2007CURRENCY TRADING SUMMARY –13 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) softened against all other majors on Monday as the confident Non-farm payrolls figure of last Friday began to lose its appeal amongst investors, who continued to weigh recent volatile conditions where global stocks tumbled and the yen rallied sharply…. read more
Australian FOREX Daily Outlook 12/03/2007
March 12, 200712/03/07 last week’s currency trading review The Dollar experienced a relatively heavy data week beginning with Non-manufacturing ISM released on Monday. The actual figure was released at 54.3 down on the expected 57.5. On Thursday, the highlight of US Treasury Secretary Paulson trip to Asia was his address to the… read more
Australian FOREX Daily Outlook 08/02/2007
March 8, 2007U.S. Dollar Trading (USD) was mixed against all other majors. Recent turmoil in financial markets did not change much of the top banks forecasts. A survey of analysts showed USD is expected to hold steady against the EUR in the near term. In US share markets the NASDAQ dropped by… read more
Australian FOREX Daily Outlook 07/02/2007
March 7, 2007CURRENCY TRADING SUMMARY –07 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed against all other majors on Tuesday trading on technicals for the majority of the day. In US share markets, the NASDAQ rebounded strongly up by 44.46 points (+1.89%) and the Dow Jones also rebounded by 157.18 points… read more
Australian FOREX Daily Outlook 06/03/2007
March 6, 2007CURRENCY TRADING SUMMARY –06 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) strengthened against al other majors except then Yen during Monday. This was largely on the back of extended losses for emerging markets a cause for investors to further unwinding carry trades and fleeing to safe haven US treasuries. In… read more
Australian FOREX Daily Outlook 05/03/2007
March 5, 2007CURRENCY TRADING SUMMARY –05 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed against all other majors. In terms of economic releases the final Michigan Sentiment index for the month of February came in less than expected with a figure of 91.3 with markets expecting a figure of 93.5. In… read more
Australian FOREX Daily Outlook 02/03/2007
March 2, 2007CURRENCY TRADING SUMMARY –02 MARCH 07 (23:30GMT) U.S. Dollar Trading (USD) was mixed on Thursday, with a better than expected ISM manufacturing index coming in at 52.3 (expected: 50) attributing to a surge against the Euro, up by 0.5%. Core PCE prices were also released to the public with data… read more
