FOREX Outlook 16/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar needed something spectacular to stem its slide and it got just that, the Foreign Capital Inflows were the second highest ever with $91.5 Bn. Retails sales rose but came a little below expectations however… 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 15/03/05
March 15, 2005FOREX Trading Australia – FOREX Outlook 15/03/05 (00:00 GMT) Foreign Exchange Market Summary Dollar · Dollar recouped some of its losses by gaining on all majors led by a sharp rise against the Yen. Profit taking ahead of some crucial data released this week helped the Dollar as today’s retails… read more
FOREX Trading Australia Daily Outlook 14/03/05
March 14, 2005FOREX Outlook 14/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar slipped further as deficit as expected widened further but stayed below the $60 Bn mark which would have triggered broad based Dollar selling. Imports continued to surge as does the imbalance with China. The… read more
FOREX Trading Australia Daily Outlook 11/03/05
March 11, 2005FOREX Outlook 11/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar stabilized but remained under pressure ahead of today’s Trade Balance figures. With other regions reporting huge surpluses it is broadly feared that today’s outcome might be above $60 Bn in Deficit. Earlier in the… read more
FOREX Trading Australia Trading Australia Daily Ou
March 10, 2005FOREX Outlook 10/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar Dollar continued to slip on a day devoid of any major U.S. data and the market not looking to buy the Greenback ahead of tomorrow’s Trade balance figures. The deficit is feared to go past $60… read more
FOREX Trading Australia Daily Outlook 09/03/05
March 9, 2005FOREX Outlook 09/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar slipped across the board on a day devoid of any major data releases which usually means the market turning their attention back to U.S. deficit concerns. The sudden spike in Oil prices has also… read more
FOREX Trading Australia Daily Outlook 08/03/05
March 8, 2005FOREX Outlook 08/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar gained slightly as profit taking and poor data from other regions helped it stabilize. Consumer credit surprised to the upside rising to its fastest pace in three months as spending remains robust. The Fed… read more
FOREX Trading Australia Daily Outlook 07/03/05
March 7, 2005FOREX Outlook 07/03/05 (00:00 GMT) FOREX Trading Australia – Foreign Exchange Market Summary Dollar · Dollar slipped on Friday with the market determined to move the prices one way or the other and when even a strong Payrolls number of 262K failed to boost the Dollar, many long positions built… read more
