USD strengthens slightly against majors. Commentary from Europe looked at with interest. Gold rises. CURRENCY TRADING SUMMARY –28 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) recouped some losses against the majors in the overnight foreign exchange trading session as the US dollar stabilized after recent volatile moves. Comments from French… 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 27/11/2006
November 27, 2006USD tumbles as Euro breaks key level of 1.30. Markets jittery about fx reserve diversification. CURRENCY TRADING SUMMARY –27 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) fell considerably against the majors in the Friday night forex session as the Euro finally broke through 1.30 for the first time since April… read more
Australian FOREX Daily Outlook 24/11/2006
November 24, 2006USD continues its weakness ahead of US and Japanese holidays. Gold edges higher. IFO index much better than expected. Euro testing yearly highs. CURRENCY TRADING SUMMARY –24 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) continued its slide against the majors in the overnight foreign exchange trading session as the Japanese… read more
Australian FOREX Daily Outlook 23/11/2006
November 23, 2006USD weakens considerably ahead of Japanese and US holidays. Consumer sentiment falls, jobless claims rise. Gold grinds higher. CURRENCY TRADING SUMMARY –23 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) fell substantially against the majors in the overnight forex session as the absence of any data from the US and the… read more
Australian FOREX Daily Outlook 22/11/2006
November 22, 2006Technical trading seen due to absence of data. USD slides against the majors. Gold climbs higher. CURRENCY TRADING SUMMARY –22 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) weakened against the majors in the overnight foreign exchange trading session as thin trading due to lack of data dominated the markets. The… read more
Australian FOREX Daily Outlook 21/11/2006
November 21, 2006US dollar gains on the majors. US leading indicator rises. Gold and oil tightly range-bound traded. CURRENCY TRADING SUMMARY –21 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) pegged back some losses against the majors in the overnight forex session as the US leading index came in better than expected. The… read more
Australian FOREX Daily Outlook 20/11/2006
November 20, 2006US housing starts fall sharply. G20 summit highlights economic growth concerns. Greenback weakens. CURRENCY TRADING SUMMARY –20 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) lost some ground against the majors in the overnight foreign exchange trading session as US housing starts fell 14% in October prompting concern about the size… read more
Australian FOREX Daily Outlook 17/11/2006
November 17, 2006US dollar recoups some losses despite poor data. BoJ keeps rates on hold as expected. Biggest drop this year seen in oil. CURRENCY TRADING SUMMARY –17 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) grinded higher against the majors in the overnight foreign exchange trading session as soft data released gave… read more
Australian FOREX Daily Outlook 16/11/2006
November 16, 2006US dollar mixed against major currencies. FOMC minutes hawkish and BoE inflation report dovish. NY Fed manufacturing highest since June. CURRENCY TRADING SUMMARY –16 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as the FOMC minutes reiterated inflation concerns. Reducing… read more
Australian FOREX Daily Outlook 15/11/2006
November 15, 2006Mixed trading session. UK, European, German, US data come in weaker. Market awaits FOMC minutes and BoE inflation report. CURRENCY TRADING SUMMARY –15 NOVEMBER 06 (23:30GMT) U.S. Dollar Trading (USD) was generally weaker against the majors in the overnight foreign exchange trading session as PPI and retail sales failed to… read more
