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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.
Trader Talk
January 26, 2018What Happened on Wednesday > Top 3? • USD Crunched lower as US Treasury Secretary comments on Lower USD “Helping Trade” • Gold & EURUSD sharply higher, Oil through $65 and US Equities Bid to fresh Records • GBPUSD screams higher amid significant USD selloff, GBPUSD sees 1.4240 Outlook •… read more
Trader Talk
January 24, 2018What Happened on Tuesday > Top 3? • Bank Of Japan maintains policy, USDJPY slips lower • USD weaker against majors, GBPUSD & Euro seeing strong bullish momentum • Gold rallies to $1340, Oil makes a run to $65 Macro Themes in Play • USD Still broadly soft, as EUR… read more
Trader Talk
January 23, 2018What Happened on Monday > Top 3? • US Senate reaches a short-term deal on Govt funding • USD weaker against majors, GBPUSD approaches 1.4000. • Gold & Oil holding onto recent gains, as Bitcoin falls $1,000 Outlook • (EUR) Euro looks firm, Holding 1.2260 ahead of ECB • (JPY)… read more
Trader Talk
January 22, 2018What Happened on Friday > Top 3? • US Government shuts down as Senate talks fail • US 10-years trade up to 2.66% and USD still weak • GBPUSD & EURUSD closing higher for 5th/6th straight weeks Outlook • (EUR) Euro looks firm, Holding 1.2250 ahead of ECB • (JPY)… read more
Trader Talk
January 19, 2018What Happened on Thursday > Top 3? • USD soft ahead of Debt Ceiling vote • Sterling & Euro lift again amid USD weakness, maintaining bullish momentum • AUD hold onto 80c as China growth stats still supportive Outlook • (EUR) Euro looks firm, regaining 1.2250 • (OIL) Oil backs… read more
Trader talk
January 18, 2018What Happened on [Wednesday] > Top 3? • USDCAD Spikes higher on the back on a Dovish rate hike from BOC • Bitcoin & Crypto selling pressure continues to drop large numbers off BTC • GBPUSD jumps then retreats off 1.3940 highs amid more USD selling Outlook • (EUR) Euro… read more
What Happened on Tuesday > Top 3? Outlook Data & Event Risk Today? USDX: 90.200 Downtrend sideways is still looming the greenback and it bottomed at 90.113 yesterday. Tax-cut bill and rate hikes seem to adrift while market offers very little exploration to mildly support U.S. dollar. The continuing journey… read more
Trader Talk
January 16, 2018What Happened on Monday > Top 3? EUR/USD continues to lead USD selloff up to 1.2280 so far USD Dow Touches 26000 as the rally continues to break records Outlook The USD Selloff is getting serious with nearly all pairs involved. The major risk event this week is the US… read more
Trader Talk
January 15, 2018What Happened on Friday > Top 3? Outlook Data & Event Risk Today? USDX: 90.63 The dollar index declined to its lowest in three-years over last Friday since December 2014, as EUR surged following the Merkel’s grand coalition talks in Germany. The US dollar plummeted to breaching the previous… read more
