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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.
Monday Market Action
November 20, 2017What Happened on Friday > Top 3? • US Equities finished the week soft, VIX still low • First stage of Tax Reform passed, but still unclear for USD outlook • Gold lifts towards $1,300 as USD soft, USDJPY back to 112. Outlook • (USD) Tax Reform story still looming… read more
Trader Talk
November 17, 2017What Happened on Thursday > Top 3? • USD crunched lower on Mueller investigation story • First stage of Tax Reform passed, but still unclear for USD outlook • Bitcoin to $8,000, Gold lifts as USD soft. Outlook • (USD) Tax Reform story still looming large over Stocks rally •… read more
Market Action
November 16, 2017What Happened on Wednesday > Top 3? • US CPI Data as expected markets pricing 100% chance of Dec rate hike • AUDUSD crunched back under 76c as commodities slide lower • Gold lifts to $1,290 then reverses, as risk sentiment whipsaws Outlook • (USD) FX Traders assuming a rate… read more
Market Action
November 15, 2017What Happened on Tuesday > Top 3? • Euro Sharply higher after solid data and soft USD positioning • Oil crunched lower as huge production numbers roll through • Gold back above $1282 & AUD crashes lower after wage data Outlook • (USD) FX Dealers keenly awaiting the US Inflation… read more
Big London Session Ahead
November 14, 2017What Happened on Tuesday > Top 3? • Risk-Off themes dominate as markets see-saw • Bitcoin bounces back by over $1,000, back to $6,600. • Oil steady around $47, Gold Spikes lower sharply Outlook • (USD) FX Dealers keenly awaiting the US Inflation Data • (BTC) Bitcoin surges back after… read more
Trader Talk
November 13, 2017What Happened on Friday > Top 3? • USD Mixed, US 10-years back up to 2.4% • Huge levels & renewed focus on Equity markets • Oil steady around $47, Gold Spikes lower sharply Outlook • (USD) FX Dealers keenly awaiting the US Inflation Data • (BTC) Bitcoin plunges in… read more
Trader Talk
November 10, 2017What Happened on Thursday > Top 3? • US Tax Reform sees possible delays until 2019 – Stocks & USD Plunged • Huge volatility in Asian Equities, leading the way lower • Oil spikes higher again then retreats, Gold lifts back to $1,286 Outlook • (AUD) RBA Quarterly Monetary Policy… read more
Market Action
November 9, 2017What Happened on Wednesday > Top 3? • US Tax Reform sees delays – USD Mixed • RBNZ Holds rates but upgrades Cash Rate outlook, lifting NZD • Oil spikes to $57.80 then retreats, Gold lifts back to $1,280 Outlook • (AUD) China CPI today • (BTC) Bitcoin Fork suspended,… read more
Midweek Market Wrap
November 8, 2017What Happened on Tuesday > Top 3? • RBA Holds rates in Australia AUDUSD slides to 7650. • Japan’s Nikkei Bid strongly to a 25-year high • Euro dips back to 1.1550 as USD trades Mixed Outlook • (AUD) China Trade Balance • (NZD) RBNZ Interest Rates tomorrow morning •… read more
