CURRENCY TRADING SUMMARY –18 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was generally stronger against the major currencies in the overnight foreign exchange trading session as traders adjusted positions ahead of the G7 meeting over the weekend and US CPI came in on expectations. Headline CPI posted a 0.2% increase together… 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 15/09/2006
September 15, 2006CURRENCY TRADING SUMMARY –15 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was generally weaker against the major currencies in the overnight foreign exchange trading session as retail sales came in better than expected and the market prepares itself for the important G7 meetings over the weekend. US retail sales came in… read more
Australian FOREX Daily Outlook 14/09/2006
September 14, 2006CURRENCY TRADING SUMMARY –14 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) moved lower against the majors in the overnight forex market as Secretary Treasury Paulson spoke last night on the international economy. In his speech given this morning, Secretary Paulson focused on the long-term progress across a range of areas. He… read more
Australian FOREX Daily Outlook 13/09/2006
September 13, 2006CURRENCY TRADING SUMMARY –13 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) surprisingly was stronger against the majors in the overnight foreign exchange trading session even in the face of its worse trade balance result ever. US trade figures for the month of July posted the biggest ever deficit at US$68bln from… read more
Australian FOREX Daily Outlook 12/09/2006
September 12, 2006CURRENCY TRADING SUMMARY –12 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was generally slightly firmer against the majors in the overnight forex session as Federal Reserve President William Poole commented on the US economy. In the absence of any data releases, the market focused on comments from Poole who stated that… read more
Australian FOREX Daily Outlook 11/09/2006
September 11, 2006CURRENCY TRADING SUMMARY –11 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was generally stronger across the board against the majors in the overnight foreign exchange trading session. Market participants are worried that the US Federal Reserve will need to increase rates to keep inflation at bay. This view was further strengthened… read more
Australian FOREX Daily Outlook 08/09/2006
September 8, 2006CURRENCY TRADING SUMMARY –8 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was generally stronger against the majors in the overnight forex session as initial jobless claims came in better than expected and comments from San Francisco Fed President Janet Yellen highlighted the high level of inflation. Initial jobless claims posted a… read more
Australian FOREX Daily Outlook 07/09/2006
September 7, 2006CURRENCY TRADING SUMMARY –7 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was broadly stronger against the majors in the overnight foreign exchange trading session as the US ISM non-manufacturing index rose whilst the Beige Book delivered a subdued look on the economy. The ISM non-manufacturing index rose strongly to 57 from… read more
Australian FOREX Daily Outlook 06/09/2006
September 6, 2006CURRENCY TRADING SUMMARY –6 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was relatively unchanged against the majors in the overnight foreign exchange trading session given the lack of market-moving data from the US. In an interview, Federal Reserve member Poole stated the he wasn’t concerned with the slowdown in the housing… read more
Australian FOREX Daily Outlook 05/09/2006
September 5, 2006CURRENCY TRADING SUMMARY –5 SEPTEMBER06 (05:00GMT) U.S. Dollar Trading (USD) was weaker against the majors in the overnight forex trading session as the US labour day holiday meant thin trading and light volumes. The market took advantage of light trading conditions to extend gains against the US on the back… read more
