Cash rate announcements in both Japan and Australia have the potential to shock the markets but both are expected to keep rates on hold and remain neutral. RBA is unlikely to move so close to US elections and US FED Rate hike and will leave what little powder it has… 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.
Daily Outlook
November 1, 2016Cash rate announcements in both Japan and Australia have the potential to shock the markets but both are expected to keep rates on hold and remain neutral. RBA is unlikely to move so close to US elections and US FED Rate hike and will leave what little powder it has… read more
Daily Outlook
October 28, 2016Its Japan CPI day! (And some employment numbers). Our attention will switch to the BoJ from Monday to Wednesday next week as Kuroda meet to either continue with current monetary policy or give up all together and try something completely new. New policy would breath plenty of volatility into the… read more
Daily Outlook
October 26, 2016Australian CPI data will be a major measure of the economy’s strength and a pivotal indication towards the RBA’s upcoming actions as a potential rate cut looms. Strong numbers above the forecasted 0.5% will reduce the chance of a rate cut before the end of the year likely to strengthen… read more
Daily Outlook
October 21, 2016AUD/USD reversed sharply from above 0.7700 for the 5th time in 4 months with this time the catalyst being the weak September Jobs numbers. The September employment change at -10k vs. 15k forecast has taken the wind out of the recent rally and the USD is on the front foot… read more
Daily Outlook
October 19, 2016A neutral tone from RBA Governor Lowe and not hints of further cuts in the RBA minutes from the October meeting have helped propel the AUD/USD back to 0.7700. The market has now held in a 0.7500-0.7700 range for the past 4 months so caution is likely as we approach… read more
Daily Outlook
October 18, 2016NZ CPI just came in at 0.2% above the 0.0% forecast seeing kiwi strengthen immediately to 0.7175. This casts a doubt for a November 10th rate hike leading to more short coverings at 0.7185. Aussie also lost out against the Kiwi dropping to 1.06280 asking questions. Kiwi traders should also… read more
Daily Outlook
October 18, 2016Yellen was dovish meaning mixed USD strength. The hot topic discussed the lingering economic damage of the financial crisis and the potential for an accommodative policy with a clear reference towards inflation. BOE Carney made a decisive stance reiterating the central bank is happy to take inflation with… read more
Daily Outlook
October 14, 2016Traders are focussed on Chinese CPI data for the upcoming Asian session after weak trade balance data yesterday sent shockwaves through the markets. AUD/USD hit month lows near 0.7510 before recovering to 0.7560 by the end of the US session as the Dow shrugged off China worries. The New… read more
Daily Outlook
October 13, 2016AUD/JPY finished 1% higher US bond inspired USD/JPY strength sees another attempt to break the sturdy 79.03 resistance that has held four times already this month. Risk on trading and high commodity prices drove the start of the weeks attempt. The September high of 79.11 is the initial target, followed… read more
