CURRENCY TRADING SUMMARY –17 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) while initially weaker rallied against the majors in the overnight forex session despite poor NY manufacturing index and stronger Eurozone data as investors sought to take profits ahead of market moving data this week. The New York Empire State… 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 16/01/2007
January 16, 2007CURRENCY TRADING SUMMARY –16 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was largely range bound due to US market being closed for Martin Luther King Day, tight ranges could be set to continue for the next day with no key data releases scheduled until Wednesday. The New York Federal Reserve… read more
Australian FOREX Daily Outlook 15/01/2007
January 15, 2007CURRENCY TRADING SUMMARY –15 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) while initially stronger fell off against the majors in the Friday night foreign exchange trading session as a strong retail sales release prompted profit taking after the recent run in the greenback. Retail sales for December came in at… read more
Australian FOREX Daily Outlook 12/01/2007
January 12, 2007CURRENCY TRADING SUMMARY –12 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was stronger against the majors except for the pound in the overnight forex session as the US Philadelphia Federal Reserve manufacturing index was revised to -2.3 from -4.3. Initial jobless claims dropped to 299k from an expected 325k, the… read more
Australian FOREX Daily Outlook 10/01/2007
January 10, 2007CURRENCY TRADING SUMMARY –10 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was generally stronger against the majors in the overnight forex session as the market scales back expectations of a rate cut from the Federal Reserve after the recent run of strong data. A fall in crude oil also assisted… read more
Australian FOREX Daily Outlook 08/01/2007
January 8, 2007CURRENCY TRADING SUMMARY –8 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was markedly stronger against the majors in the Friday night foreign exchange trading session as non-farm payrolls surprised on the upside. Payrolls were posted at 160k compared to a 110k estimate by the market. In other markets the Dow… read more
Australian FOREX Daily Outlook 05/01/2007
January 5, 2007ISM non-manufacturing improves. Gold and oil stumble again. Greenback gains on the majors as market awaits non-farm payrolls. CURRENCY TRADING SUMMARY –5 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was markedly stronger for the second day straight against the majors in the overnight forex session as data released overnight was… read more
Australian FOREX Daily Outlook 04/01/2007
January 4, 2007ISM manufacturing rises above 50 level. FOMC minutes slightly dovish. Commodities sold off while US dollar strengthens. CURRENCY TRADING SUMMARY –4 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) recovered lost ground against the majors in the overnight foreign exchange trading session as strong ISM manufacturing data negated negative releases overnight…. read more
Australian FOREX Daily Outlook 03/01/2007
January 3, 2007Dollar continues its weak tone against majors. Market holiday in Japan and shortened trading session in the US meant thin volumes. ISM manufacturing due out tonight. CURRENCY TRADING SUMMARY –3 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) continued its slide against the majors in the overnight forex session as thin… read more
Australian FOREX Daily Outlook 02/01/2007
January 2, 2007Dollar slides against currencies in end of year trading. Euro-Yen makes new all-time highs. Markets wind down for new year celebrations. CURRENCY TRADING SUMMARY –2 JANUARY 07 (23:30GMT) U.S. Dollar Trading (USD) was weaker against the majors in the last foreign exchange trading session for 2006 as holiday-thinned trading exaggerated… read more
