US Dollar weakens in the face of strong manufacturing index data. Yen strengthens after comments from Russia. Gold nearing USD$600. CURRENCY TRADING SUMMARY –17 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was lower against the majors in the overnight foreign exchange trading session as the New York Federal Reserve Empire… 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 16/10/2006
October 16, 2006The Greenback rallies against the majors.Forex traders eye key technical levels in Euro and Yen. Oil trades up. CURRENCY TRADING SUMMARY –16 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was slightly stronger against the majors in the Friday night foreign exchange trading session as retail sales came in less than… read more
Australian FOREX Daily Outlook 13/10/2006
October 13, 2006Australian Dollar continues to climb. US trade balance widens to record high. Beige Book provided mixed comments on the state of the US economy. CURRENCY TRADING SUMMARY –13 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was weaker against the majors in the overnight forex session as the US trade balance… read more
Australian FOREX Daily Outlook 12/10/2006
October 12, 2006US Federal Reserve hawkish comments sparks US dollar rally. New RBA Governor Glenn Stevens also hawkish Australian Dollar. CURRENCY TRADING SUMMARY –12 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) rose against the major currencies in the overnight foreign exchange session as the FOMC minutes from the September 20th Federal Reserve… read more
Australian FOREX Daily Outlook 11/10/2006
October 11, 2006US Dollar continues to strengthen against major currencies. Forex market awaits FOMC minutes. Oil drops below US$59 a barrel. CURRENCY TRADING SUMMARY –11 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was markedly stronger against the majors in the overnight foreign exchange trading session as the market expectation is that the… read more
Australian FOREX Daily Outlook 10/10/2006
October 10, 2006North Korea successfully tests a nuclear weapons device. Currency markets digest the news and its implications. Bond market closed for Columbus Day in the US. CURRENCY TRADING SUMMARY –10 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was relatively unchanged against the majors in the overnight forex session as the absence… read more
Australian FOREX Daily Outlook 09/10/2006
October 9, 2006Non-Farm Payrolls disappoints coming in less than expected. US Dollar rallies despite poor number. CURRENCY TRADING SUMMARY –9 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in the overnight foreign exchange trading session as Non-Farm Payrolls (NFP) came in much less than expected. NFP came in at… read more
Australian FOREX Daily Outlook 06/10/2006
October 6, 2006European Central Bank raises rates as expected to 3.25%. Bank of England keeps their rates steady. Choppy trading in the forex markets. CURRENCY TRADING SUMMARY –6 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) was largely unchanged against the majors in the foreign exchange trading session as initial jobless claims fell… read more
Australian FOREX Daily Outlook 05/10/2006
October 5, 2006The US Dollar retreats slightly against other major currencies as data released came in on the soft side. Focus on Bernanke comments. CURRENCY TRADING SUMMARY –4 OCTOBER 06 (01:30GMT) U.S. Dollar Trading (USD) weakened against the majors in the overnight forex session as both the ADP employment survey and the… read more
Australian FOREX Daily Outlook 04/10/2006
October 4, 2006Major currencies stumble against the greenback as the foreign exchange market readies itself for important data releases to come. Crude oil and gold are sold off. CURRENCY TRADING SUMMARY –4 OCTOBER06 (01:30GMT) U.S. Dollar Trading (USD) strengthened against the majors in the overnight foreign exchange trading session as technical flows… read more
