16/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary · Dollar continued to surge ahead as sentiment has reversed significantly in its favour, with fears of slow U.S. growth subsiding on the recent string of strong data while other nation’s fundamentals look much weaker in comparison. The drop in Consumer… 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 13/05/2005
May 13, 200513/05/05 (02:00 GMT) FOREX Trading Australia – Market Summary · Dollar tsunami intensified sweeping all majors with it and opening way for further gains. The past week has shown Twin deficits declining, Payrolls and yesterday’s Retail Sales coming in much higher than expected while the U.S.’s yield advantage is increasing,… read more
FOREX Trading Australia Daily Outlook 12/05/2005
May 12, 200512/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary · Dollar bulls got just what they were hoping for, as the unexpected decline in the trade deficit has strengthened the bid tone for the Greenback. The Trade Deficit recorded its largest monthly decline in more than 3 years while the… read more
FOREX Trading Australia Daily Outlook 11/05/2005
May 11, 200511/05/05 (01:00 GMT) FOREX Trading Australia – Market Summary · Dollar remains under the spotlight ahead of the today’s Trade Balance release (12:30 GMT). Expectations are for a new record high deficit with a number close to $65 Bn could see the Dollar slipping quickly while a decline towards $55… read more
FOREX Trading Australia Daily Outlook 10/05/2005
May 10, 2005FOREX Outlook 10/05/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar drifted along directionless and is not having a positive effect post payrolls as the market awaits the Trade Balance data on Wednesday. Poor data from other regions continues to support the Dollar and it… read more
FOREX Trading Australia Daily Outlook 09/05/2005
May 9, 2005FOREX Outlook 09/05/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary US Dollar Dollar rallied across the board after an unexpected blockbuster Payrolls outcome as 274 K jobs were added for the month of April while the previous two months outcome were revised up. Many were caught off… read more
FOREX Trading Australia Daily Outlook 06/05/2005
May 6, 2005FOREX Outlook 06/05/2005 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar remained confined to narrow ranges as the market adopts a neutral position ahead of today’s Jobs data. U.S. productivity accelerated faster than expected with Unit labor costs, a key measure of inflationary pressure, also… read more
FOREX Trading Australia Daily Outlook 05/05/2005
May 5, 2005FOREX Outlook 05/05/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar lost some ground after the Fed’s addition of the statement that implied long term inflationary pressures were well contained but rate outlook remains mixed with focus on data outcomes. Data was mixed as the… read more
FOREX Trading Australia Daily Outlook 04/05/2005
May 4, 2005FOREX Outlook 04/05/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar couldn’t get the decisive push it was looking for as the Fed after raising rates by 25 bps kept its measured tone intact. Their tone became even more dovish when the Fed released a… read more
FOREX Trading Australia Daily Outlook 03/05/2005
May 3, 2005FOREX Outlook 03/05/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar remained confined to narrow movements on most majors as the market awaits FOMC meeting (18:15 GMT). Expectations are for another 25 bps hike while the opinion is mixed on tone of the accompanying statement. The… read more
