Dollar weakens ahead of end of year holidays. Comments from Eurozone bolster Euro strength. Commodities up. CURRENCY TRADING SUMMARY –29 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was weaker against the majors in the overnight foreign exchange trading session with markets winding down for 2006 and the Chicago PMI coming… 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 28/12/2006
December 28, 2006Dollar loses some ground on the back of comments from UAE central bank. New home sales impress. Broad thin trading seen in markets. CURRENCY TRADING SUMMARY –28 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) trimmed losses against the majors in the overnight foreign exchange trading session after a robust housing… read more
Australian FOREX Daily Outlook 27/12/2006
December 27, 2006Dollar strengthens against the majors in a thinly traded forex market ahead of new year celebrations. CURRENCY TRADING SUMMARY –27 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in thinly traded sessions post-Christmas as the Richmond Fed index came in worse than expected at -6 compared to… read more
Australian FOREX Daily Outlook 22/12/2006
December 22, 2006Dollar stable against majors despite weaker Philly Fed survey and GDP releases. Markets wind down ahead of Christmas. CURRENCY TRADING SUMMARY –22 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was generally slightly stronger against the majors in the overnight forex session as the Philly Fed survey came in below expectations… read more
Australian FOREX Daily Outlook 21/12/2006
December 21, 2006Dollar recoups losses against majors in thin trading and light volumes. Oil grinds up. Market awaits US GDP and Philly Fed survey. CURRENCY TRADING SUMMARY –21 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in the overnight foreign exchange trading session as the absence of any economic… read more
Australian FOREX Daily Outlook 20/12/2006
December 20, 2006Dollar slides against majors despite strong data. German Ifo comes in at 15-year highs. BoJ keep rates steady at 0.25% CURRENCY TRADING SUMMARY –20 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was weaker against the majors in the overnight forex trading session as PPI and housing starts were much stronger… read more
Australian FOREX Daily Outlook 19/11/2006
December 19, 2006Dollar mixed against majors as current account widens. Oil and gold both fall. Market awaits BoJ interest rate decision. CURRENCY TRADING SUMMARY –19 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was relatively steady, if not, slightly stronger against the majors in the overnight foreign exchange trading session as the US… read more
Australian FOREX Daily Outlook 18/12/2006
December 18, 2006Dollar gains on the majors as inflationary pressures seem to be receding. Metals sold off as equity markets lure investors. CURRENCY TRADING SUMMARY –18 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) rose against the majors in the Friday night forex session as US CPI came in less than expected and… read more
Australian FOREX Daily Outlook 15/12/2006
December 15, 2006Dollar strengthens as jobless claims impresses. Gold slides and oil rises. Market awaits Tankan survey from Japan. CURRENCY TRADING SUMMARY –15 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) gained against the majors in the overnight foreign exchange trading session as US jobless claims came in less than expected. Initial jobless… read more
Australian FOREX Daily Outlook 14/12/2006
December 14, 2006Dollar strengthens after strong retail sales report. Markets await OPEC meeting for proposed cuts. Japanese Tankan survey due out tomorrow. CURRENCY TRADING SUMMARY –14 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was stronger against the majors in the overnight foreign exchange trading session as US retail sales grew more than… read more
