MARKET SUMMARY – 21/11/05(03.00GMT) The Dollar was weaker against most of the major currencies on Friday night, on the back of hawkish Euro comments by ECB President Trichet. This is all the market had to focus on in regards to the dollar, with no economic data released in the States.A… 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 Oulook 18/11/2005
November 18, 2005MARKET SUMMARY – 18/11/05(03.00GMT) The Dollar traded weaker overnight against the major currencies on the back of softer economic data out of the States. Housing starts fell from a 21 month high in September of 2.219 million units to 2.014 million in October. This was slightly weaker than market expectations… read more
Australian FOREX Daily Oulook 17/11/2005
November 17, 2005MARKET SUMMARY – 17/11/05(03.00GMT) The Dollar was slightly firmer against most major currencies overnight, following US Treasury data showing record net inflows into US assets in September. They posted at US$101.9 billion (record high), compared to expectations of US$70 billion. This suggests the US is having little trouble financing its… read more
Australian FOREX Daily Oulook 15/11/2005
November 16, 2005MARKET SUMMARY – 15/11/05(03.00GMT) The Dollar continued to make gain against all the major currencies as investors continue to focus on the likelihood of higher US interest rates in coming months. Crude oil prices rose modestly on Monday. Traders are keeping a close eye in regards to cooler weather in… read more
Australian FOREX Daily Oulook 16/11/2005
November 16, 2005MARKET SUMMARY – 16/11/05(03.00GMT) The Dollar was unable to hold onto gains made in the London, and ended weaker in the New York session despite a friendly mix of data. US October retail trade fell 0.1% while the market had expected a 0.7% fall. The US producer price index (PPI)… read more
Australian FOREX Daily Oulook 14/11/2005
November 14, 2005MARKET SUMMARY – 14/11/05(03.00GMT) The Dollar traded lower against the major currencies in thin London and New York sessions on Friday. This was due to Veterans Day, which had most of the markets closed in the States. With no economic data to provide direction, dealers chose to book some profits… read more
Australian FOREX Daily Oulook 11/11/2005
November 11, 2005MARKET SUMMARY – 11/11/05(03.00GMT) The Dollar was moderately stronger against the major currencies overnight, despite a record trade deficit.The dollars reaction to the record deficit is testament to the markets bullish views of relative interest rates and growth advantages in the States. The gap between imports and exports widened to… read more
Australian FOREX Daily Oulook 10/11/2005
November 10, 2005MARKET SUMMARY – 10/11/05(03.00GMT) The Dollar was very choppy in overnight trade, finishing the session largely unchanged against most of the major currencies. Of interest overnight was Fed President Poole comments, he maintained a hawkish tone stating that risks to inflation are skewed to the upside. He said that the… read more
Australian FOREX Daily Oulook 09/11/2005
November 9, 2005MARKET SUMMARY – 09/11/05(03.00GMT) The Dollar weakened against the major currencies overnight, after making multi-month highs earlier in the session. The big news overnight was an 11.3% fall in luxury builder Toll Brothers share price, who warned that new home deliveries and earnings would probably fall short of its forecasts…. read more
Australian FOREX Daily Oulook 08/11/2005
November 8, 2005MARKET SUMMARY – 08/11/05(03.00GMT) The Dollar tested fresh multi-month highs against major currencies overnight, but failed to follow through. The dollar backed away from its highs against the majors, given the absence of first tier US economic data. However, US sharemarkets rose as crude oil prices feel by nearly 2percent… read more
