FOREX Outlook 14/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar’s price action was similar to the day before as it slipped initially on disappointing Retail sales outcome but reversed the losses soon after. This shows the markets attention is focused more on the short term… 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 13/04/2005
April 13, 2005FOREX Outlook 13/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar held firm in spite of a record high Trade Deficit outcome which was largely due to the high import costs of oil. Since oil prices have eased in the last few days the market expects… read more
FOREX Trading Australia Daily Outlook 12/04/2005
April 12, 2005FOREX Outlook 12/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar remained under pressure as the market awaits the Trade Balance data released today (12:30 GMT). An increase in deficit is expected as imports are rising while high oil prices are increasing costs. With the market… read more
FOREX Trading Australia Daily Outlook 06/04/05
April 6, 2005FOREX Outlook 06/04/05 (02:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar gave back some of its gains as the market preferred taking profits on a thin trading day and lack of any key data release provided no incentive to push the Greenback higher. Greenspan’s comments of… read more
FOREX Trading Australia Daily Outlook 01/04/05
April 1, 2005FOREX Outlook 01/04/05 (01:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Mixed data results kept the Dollar under pressure as Jobless claims surged unexpectedly while the PCE deflator showed a modest rise which dissatisfied a market looking for a higher figure on Fed’s recent concern. However in… read more
FOREX Trading Australia Daily Outlook 30/03/05
March 30, 2005FOREX Outlook 30/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar fell mildly as the market looks to adopt a neutral position ahead of Friday’s Payrolls outcome. Consumer Confidence index declined slightly due to fall in the expectations index but overall confidence levels are steady. Today’s… read more
FOREX Trading Australia Daily Outlook 23/03/05
March 23, 2005FOREX Outlook 23/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Fed was hawkish sending the Dollar soaring like an eagle on all majors. Rates were raised by 25 bps and the word ‘measured’ remained in the accompanying statement, however the Fed expressed enough concern on the… read more
FOREX Trading Australia Daily Outlook 22/03/05
March 22, 2005FOREX Outlook 22/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar rallied across the board on speculation that the Fed Reserve would have a more hawkish tone to their accompanying statement. Some quarters expect the Fed to remove the word ‘measured’ which could further boost the… read more
FOREX Trading Australia Daily Outlook 21/03/05
March 21, 2005FOREX Outlook 21/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchnge Market Summary Dollar Dollar continued on its slight recovery path with the market eyeing the Fed’s meeting tomorrow. While a rate hike is expected and priced in by one and all, the accompanying statement is the main focus. Dollar… read more
FOREX Trading Australia Daily Outlook 17/03/05
March 17, 2005FOREX Outlook 17/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar gave up its post TIC’s gains as the Current Account deficit went to a new record. In spite of the Dollar’s steady decline over the last couple of years, deficit refuses to ease. OPEC… read more
