Dollar slides as Feds deliver dovish tone after interest rate decision. US trade balance and German ZEW come in better than expected. CURRENCY TRADING SUMMARY –13 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was weaker against the majors in the overnight forex session as the US Federal Reserve left rates… 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 12/12/2006
December 12, 2006Dollar weakens after Greenspan comments. Market awaits FOMC interest rate decision as well as ZEW survey. CURRENCY TRADING SUMMARY –12 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) slid somewhat against the majors in the overnight foreign exchange trading session as former Federal Reserve Chairman Greenspan warned of US dollar weakness…. read more
Australian FOREX Daily Outlook 11/12/2006
December 11, 2006Dollar gains on majors after better than expected payroll data. US Treasury Secretary comments on the Yuan shake markets. CURRENCY TRADING SUMMARY –11 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in the overnight foreign exchange trading session as US payroll data beat expectations. US non-farm payrolls… read more
Australian FOREX Daily Outlook 08/12/2006
December 8, 2006Currencies lose some ground to the greenback. European Central Bank raises rates. Bank of England keep rates steady. CURRENCY TRADING SUMMARY –8 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) recouped a little more ground against the majors in the overnight foreign exchange trading session as initial jobless claims fell by… read more
Australian FOREX Daily Outlook 07/12/2006
December 7, 2006Currencies consolidate ahead of key central bank interest rate announcements. ADP payrolls surprises on the upside. CURRENCY TRADING SUMMARY –7 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was stronger against the majors in the overnight forex trading session as ADP payroll numbers came in higher than expected, prompting market participants… read more
Australian FOREX Daily Outlook 06/12/2006
December 6, 2006Currencies lose some ground against the USD. ISM services posts a 6-month high result. Yen strengthens. CURRENCY TRADING SUMMARY –6 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) pegged back lost ground against the majors in general in the overnight foreign exchange trading session as the US non-manufacturing index rose. US… read more
Australian FOREX Daily Outlook 05/12/2006
December 5, 2006Currencies grind higher against USD in a relatively quiet trading session. Gold tests US$650 an ounce. CURRENCY TRADING SUMMARY –5 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) grinded lower against the majors in the overnight forex trading session as pending home sales fell and Michael Moskow commented on the current… read more
Australian FOREX Daily Outlook 04/12/2006
December 4, 2006Currencies strengthen against the greenback. ISM survey dips to 3.5 year lows.Oil up again. CURRENCY TRADING SUMMARY –4 DECEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was again weaker against the majors in the overnight foreign exchange trading session as the US ISM fell below 50 for the first time in… read more
Australian FOREX Daily Outlook 30/11/2006
November 30, 2006Currencies consolidate with mixed data released from the US. Oil rises and gold pulls back from recent highs. CURRENCY TRADING SUMMARY –30 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as a mixed bag of data was released from the… read more
Australian FOREX Daily Outlook 29/11/2006
November 29, 2006High yielding currencies rally against the USD. Poor durable goods and consumer confidence weighs on the greenback. CURRENCY TRADING SUMMARY –29 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) faltered against most of the majors in the overnight foreign exchange trading session as mixed data was released overnight. Durable goods orders… read more
