31/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary Dollar’s gains have accelerated at start of the Australasian session as other currencies headed by the Euro have no factors to drive it higher. The rejection of the EU constitution has been the main focus of the markets but the attention… 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.
FOREX Trading Australia Daily Outlook 30/05/2005
May 30, 200530/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary Dollar slipped back a bit on Friday as profit taking ahead of a long weekend in the U.S. and U.K. offset the current the surge in positive sentiment for the Greenback. Personal Income increased as expected but spending declined while Univ…. read more
FOREX Trading Australia Daily Outlook 26/05/2005
May 26, 200526/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary Dollar remained within its range against all majors and failed to gain further as oil prices inched back above $50 pb with crude oil inventories falling unexpectedly. Since Greenspan has asserted that energy prices are to be watched to gauge the… read more
FOREX Trading Australia Daily Outlook 25/05/2005
May 25, 200525/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary Dollar maintained its bid tone as the minutes of the Fed’s May 3rd meeting reveal that they remain wary of inflationary pressures and believed that the soft patch to the economy is transitory. In hind sight given the strong rebound in… read more
FOREX Trading Australia Daily Outlook 24/05/2005
May 24, 200524/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary · Dollar remained confined to narrow movements as the market awaits today’s release of the minutes of the Fed’s meeting. The tone is expected to be on the same lines as the last meeting with recent increase in spending & jobs… read more
FOREX Trading Australia Daily Outlook 23/05/2005
May 23, 200523/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary · Dollar rallied on a day devoid of any key data releases but Greenspan’s upbeat comments, the prospect of strong U.S. data this week as well as continuation of weak data from other regions were enough to maintain the positive sentiment… read more
FOREX Trading Australia Daily Outlook 20/05/2005
May 20, 200520/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary · Dollar remained firm despite mixed economic results, which on closer look are not likely to neither alter Fed’s existing outlook nor put a dent on U.S. better growth prospects compared to other regions. Leading Indicators suggested expansion but at a… read more
FOREX Trading Australia Daily Outlook 19/05/2005
May 19, 200519/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary · Dollar’s magnanimous rally finally halted courtesy of tame inflation figures with the reading excluding food & energy coming in flat. Meanwhile the Yuan revaluation issue was back in the spotlight as U.S. imposed quotas on Chinese textile exports while heavy… read more
FOREX Trading Australia Daily Outlook 18/05/2005
May 18, 200518/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary · Dollar remained firm as the higher than expected PPI opens the way for a firm CPI outcome released today (12:30 GMT), thus keeping the market excited. This has offset any negative ramifications for the Greenback after a poor Capital inflow… read more
FOREX Trading Australia Daily Outlook 17/05/2005
May 17, 200517/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary · Dollar had a reality check as Foreign Capital flows reduced significantly and came below even the most cynical forecasts. Japan and China, the two largest holders of U.S. treasuries turned net sellers with demand steadily declining over the last few… read more
