Trading Forex Online with Easy Forex 23/08/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar slipped back mildly as lack of any U.S. data releases coupled with thin market conditions led to profit taking with all majors keeping within their ranges. Nonetheless the Dollar remains on reasonably strong footing… 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 22/08/2005
August 22, 2005Trading Forex Online with Easy Forex 22/08/05 (00:00 GMT) FOREX – Australian Dollar Market Summary Dollar kept firm as it remains buoyed by the shift in sentiment back in its favour as the market, given the current environment of mixed data from across the globe which brings up no clear… read more
Australian FOREX Daily Oulook 19/08/2005
August 19, 2005Trading Forex Online with Easy Forex 19/08/05 (04:00 GMT) Market Summary Dollar rallied across the board largely due to negatives both fundamentally and technically plaguing other currencies compared with the U.S. economy showing signs of steady resilience and the Fed set to increase interest rates further giving substantial yield advantage… read more
Australian FOREX Daily Oulook 18/08/2005
August 18, 2005Trading Forex Online with Easy Forex 18/08/05 (05:00 GMT) Market Summary Dollar experienced another day of gains as lack of any significant factors to push other currencies up coupled with key technical barriers helping the Greenback as led the market to focus on the prospect of more rate increases from… read more
Australian FOREX Daily Oulook 17/08/2005
August 17, 2005Trading Forex Online with Easy Forex 17/08/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar ended the day slightly ahead after mixed data results coupled with thin market conditions led to it retrace some more of its recent losses following a higher than expected increase in consumer inflation. But… read more
Australian FOREX Daily Oulook 16/08/2005
August 16, 2005Trading Forex Online with Easy Forex 16/08/05 (00:00 GMT) FOREX – Australian Dollar Market Summary Dollar retraced some of its losses thanks to a robust outcome in the Foreign Capital inflows data. Central Banks from around the world might be restructuring their Dollar holdings but the current strong footing of… read more
Australian FOREX Daily Oulook 15/08/2005
August 15, 2005Trading Forex Online with Easy Forex 15/08/05 (00:00 GMT) FOREX – Australian Dollar Market Summary Dollar’s losses stabilized with the Deficit outcome staying below $60 bn which could have triggered another bout of broad based losses. The market was geared up for a ballooned deficit figure given recent high import… read more
Australian FOREX Daily Oulook 12/07/2005
August 12, 2005Trading Forex Online with Easy Forex 12/08/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar experienced another bout of broad fall as sentiment and momentum has turned squarely against it and with Trade Deficit data to look forward to, it remains on the backfoot. Deficit could widen more than… read more
Australian FOREX Daily Oulook 10/08/2005
August 10, 2005Trading Forex Online with Easy Forex 10/08/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar remained around the same levels against most majors with the Fed raising rates by 25 bps and don’t look close to being done with their tightening cycle. Their accompanying statement was on familiar lines… read more
Australian FOREX Daily Oulook 09/08/2005
August 9, 2005Trading Forex Online with Easy Forex 09/08/05 (05:00 GMT) FOREX – Australian Dollar Market Summary Dollar fell across the board before stabilizing with the closure of the U.S. embassy in Saudi Arabia due to threats leading to Oil prices inching towards another record high number of $64 pb. With current… read more
