What Happened on Tuesday > Top 3? • All commodity currencies Bid higher seeing AUD-NZD-CAD strong, across the board • Gold & Oil (WTI) Squeezed higher to $1,283 & $60 respectively • Bitcoin recovery continues towards $16,000 Outlook • (USD) USD Data this week may see consolidation in thin trade… 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.
Market Action
December 22, 2017What Happened on Thursday > Top 3? • USDCAD Slammed lower amid strong Canadian CPI & Retail Sales Data • Bank Of Japan stands pat, USDJPY back around 113.30. • Gold & Oil lifted as Bitcoin saw sharp profit taking Outlook • (USD) US Debt ceiling avoided, Tax Reform in… read more
Trader Talk
December 21, 2017What Happened on Tuesday > Top 3? • US Equities back off all-time highs • USDJPY back to 113 as US Yields rise • US Tax Reform Bill still dominates event risk calendar this week, another vote tomorrow Outlook • (JPY) Bank Of Japan tomorrow • (GBP) Brexit talks move… read more
Trader Talk
December 19, 2017What Happened on Monday > Top 3? • GBPUSD sharply higher, Gold higher also to $1264 • Bitcoin rallies to above $19,000 in a bullish breakout • US Tax Reform Bill still dominates event risk calendar this week Outlook • (JPY) Bank Of Japan on Thursday • (GBP) Brexit talks… read more
Trader Talk
December 18, 2017What Happened on Friday > Top 3? • USD is volatile as the US Tax Plan headlines dominate sentiment • Bitcoin rallies to above $19,500 in a bullish breakout • Sterling crumbles back to 1.3330, giving up weekly gains Outlook • (USD) US Tax Reform plans evolving positively • (GBP)… read more
Trader Talk
December 15, 2017What Happened on Wednesday > Top 3? • US Hikes Rates, USD Retreats anyway as CPI missed expectations • Gold back to $1,255, Bitcoin Steady around $16,300 • Sterling jumps above 1.3400 again amid USD unwind and ongoing Brexit Outlook • (EUR) ECB Tonight • (GBP) BOE likely to stand… read more
Trader Talk
December 13, 2017What Happened on Monday > Top 3? • Bitcoin Futures commence trading LIVE, near-month futures trade around $17,800 • Gold slammed back off $1250 to $1240 ahead of big event risk for USD • Stocks still strong, Sterling traded back off daily highs Outlook • (USD) Looking ahead to US… read more
Market Action
December 11, 2017What Happened on Friday > Top 3? • US Payroll data Solid, USD holds firm • Gold holds under $1,250, Bitcoin rallies hard then comes back off high • USDCAD & USDJPY lift as EURUSD softens lower amid USD strength Outlook • (USD) Looking ahead to US CPI & Fed… read more
Market Action
December 8, 2017What Happened on Wednesday > Top 3? • Bank of Canada holds Interest Rates with Cautions tone USDCAD Lifts to 1.2800 • US Data supports a Firm USD, Asian & European Equities lower • Bitcoin screaming higher, reaching $14,000 Outlook • (USD) Interim Payroll data solid, looking towards Headline numbers… read more
Trader Talk
December 6, 2017What Happened on Tuesday > Top 3? • Gold slammed lower to $1,260, Copper Collapsed lower also • US Equities remain firm, USD Still benefitting from Tax Reform Optimism • Bitcoin holding $11,750 after highs around $11,900 overnight Outlook • (USD) US Tax Reform passed phase 1 and US interim… read more
