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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 11, 2018What Happened on Wednesday > Top 3? Outlook Data & Event Risk Today? USDX: 92.02 USD index fell in the early Euro session reaching towards 91.60 level, as Chinese official recommended purchase fewer US treasuries in the upcoming year. It later recovers gradually in the US session to hovering around… read more
Trader Talk
January 10, 2018What Happened on Tuesday > Top 3? Outlook Data & Event Risk Today? USDX: 92.215 US 10-year bond yield strengthen overnight, reached 2.50%. Dollar index Rallied around the 92.20 level as the dollar continued its winning ways for the second day in a row rising against all the major pairs… read more
Trader Talk
January 9, 2018What Happened on [Day] > Top 3? 2nd day on USD strength puts EUR/USD below 1.2000 US Stocks break new highs but finish well off highs Bitcoin falls $2000 on South Korea exchange prices dropped from CoinCap caclulation Outlook US Stocks hit highs at the open then fell back during… read more
Trader Talk
January 8, 2018What Happened on Friday > Top 3? NonFarm Payrolls Surprise with weaker 148K in December vs. 190k Forecast. USD gains even on weak numbers as market caught short Dow Jones breaks new highs towards 25300 Outlook A stretched short USD market saw a reversal on many pairs with EUR/USD finishing… read more
Trader Talk
January 5, 2018What Happened on Thursday> Top 3? * Global Stocks soar to Record highs, Dow Jones Hits 25000 * USD Remains Weak despite very solid ADP jobs Report 250k in December * NZD leads pack higher, EUR/USD testing 2017 highs 1.2090 Outlook EUR/USD open sky above 2017 high 1.2100 Gold targeting… read more
Trader Talk
January 4, 2018What Happened on Wednesday > Top 3? • GBP reverses sharply as UK Data missed expectations • Gold pulls back but still above $1,300 as Strong ISM Manufacturing data for the US • All commodities currencies holding firm, very noticeable: USDCAD-AUDUSD-NZDUSD Outlook • (EUR) Euro back off highs but remains… read more
Trader Talk
January 3, 2018What Happened on Tuesday > Top 3? • UK Looks to join TTP after Brexit, GBPUSD jumps to 1.3600 • Gold continues upward momentum to $1,320 as USD selling continues • USDCAD tumbles to 1.2500 as Commodities remain very supportive Outlook • (EUR) Euro maintains very Bullish momentum, runs to… read more
Market Action
January 2, 2018What Happened on Thursday > Top 3? • Commodity Currencies very strong • Gold continues upward momentum as USD sold down, across the board • Aussie & Euro get a solid uptick Versus USD, as USDCAD slips to lower lows Outlook • (EUR) Euro looks likely to take on the… read more
Trader Talk
December 28, 2017What Happened on Wednesday> Top 3? • AUDUSD gets to 2-month highs around 7775 as Copper surged to a 4-year high • Gold grinds higher to $1,287 as US yields slip lower • Euro makes it to 1.19 led by USD Softness broadly Outlook • (USD) USD not helped by… read more
