18/10/2005 Market Summary The US Dollar commenced its rally against major currencies in Asian trade on Monday. This rally continued in the London and New York session despite a weaker than expected headline number on Empire Manufacturing. This would be due to the components within the index actually being stronger… 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 14/10/2005
October 17, 2005Trading Forex Online with Easy Forex 14/10/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar’s price action mirrored the day before and again it has been a case of so near yet so far in terms of breaking through key technical barriers. The inability to do so led to… read more
Australian FOREX Daily Oulook 17/10/2005
October 17, 2005Trading Forex Online with Easy Forex 17/10/05 (02:00 GMT) FOREX – Australian Dollar Market Summary Dollar fell on Friday and was still within its recent range play but the extent of weakness in the data outcomes pushed it a bit beyond the range and its continuous inability to make a… read more
Australian FOREX Daily Oulook 13/10/2005
October 13, 2005Trading Forex Online with Easy Forex 13/10/05 (04:00 GMT) FOREX – Australian Dollar Market Summary Dollar pared back some of its gains but the market’s assertion to play the range on all majors has made the Dollar rally at the start of the Asian session. Nonetheless if the Dollar continues… read more
Australian FOREX Daily Oulook 12/10/2005
October 12, 2005Trading Forex Online with Easy Forex 12/10/05 (03:00 GMT) FOREX – Australian Dollar Market Summary Dollar rallied across the board riding on the momentum emanating from rising interest rates while weak data from other regions also helped in increasing the positive sentiment around the Greenback. The Fed’s meeting minutes were… read more
Australian FOREX Daily Oulook 11/10/2005
October 11, 2005Trading Forex Online with Easy Forex 11/10/05 (02:00 GMT) FOREX – Australian Dollar Market Summary Dollar strengthened further in holiday thin markets with positives emanating from the better than expected Payrolls outcome reaffirming the Fed’s stance for two more rate hikes by the end of this year. Also those positions… read more
Australian FOREX Daily Oulook 10/10/2005
October 10, 2005Trading Forex Online with Easy Forex 10/10/05 (02:00 GMT) FOREX – Australian Dollar Market Summary Dollar pared back some of its losses after a much better than expected Payrolls outcome while the upward revision of the previous two months result also gave it a boost. While this result does signify… read more
Australian FOREX Daily Oulook 07/10/2005
October 7, 2005Trading Forex Online with Easy Forex 07/10/05 (03:00 GMT) FOREX – Australian Dollar Market Summary Dollar declined further as part of further position squaring exercise on its recent gains while rate hike hopes in the Euro-Zone also led to the Dollar recording its largest single day drop against the Euro… read more
Australian FOREX Daily Oulook 06/10/2005
October 6, 2005Trading Forex Online with Easy Forex 06/10/05 (02:00 GMT) FOREX – Australian Dollar Market Summary Dollar has slipped back against European currencies largely on position squaring with the much weaker than expected result in ISM Services index acting as a catalyst for its slide. The market has been to looking… read more
Australian FOREX Daily Oulook 05/10/2005
October 5, 2005Trading Forex Online with Easy Forex 05/10/05 (04:00 GMT) FOREX – Australian Dollar Market Summary Dollar remained largely unchanged and held onto its gains and for now its price action is caught between positives emanating from data and hawkish Fed tone compared to mild profit taking around these crucial technical… read more
