The new week begins with Japan on Holiday. Markets are generally staying in Friday’s range with new factors influencing it, such as the attempted coup in Turkey last Friday. ECB meeting is the main focus of the week as President Mario Draghi would address questions regarding the impact of Brexit…. 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
July 18, 2016Fresh All Time Highs for US Stocks U.S. Dollar Trading (USD) The aggressive rally in Global stocks continued overnight without pause and some key levels were broken on the US DOW30 which broke to all time fresh highs above 18370. The USD as a safe haven was mixed gaining against… read more
Daily Outlook
July 15, 2016Australian June Unemployment Change of 7k vs. 10k forecast did little to slow down the Australian dollar which rallied to 0.7650 as internals of the Jobs numbers showed +38k Fulltime positions made. Sentiment has turned a little bit negative at the open in Asian trade Friday as reports of… read more
Daily Outlook
July 14, 2016BoE rate decision will be the main focus of the day. The central bank is expected to cut interest rate for the first time since 2009 to cushion the impact of Brexit to the economy. There are talks that BoE would further ease monetary policies by reviving the asset purchase… read more
Daily Outlook
July 13, 2016Fresh All Time Highs for US Stocks U.S. Dollar Trading (USD) The aggressive rally in Global stocks continued overnight without pause and some key levels were broken on the US DOW30 which broke to all time fresh highs above 18370. The USD as a safe haven was mixed gaining against… read more
Daily Outlook 12th July
July 12, 2016USD/JPY Leads a Huge Risk On Rally U.S. Dollar Trading (USD) a very strong NFP had limited impact on the Forex markets Friday but stock markets did rally and we opened the Asia session is positive mood Monday. Things kicked into high gear however after the Japanese elections sent the… read more
Daily Outlook
July 11, 2016AUD/USD has surged to fresh month highs 0.7570 after a strong NFP report led to widespread buying of Global stocks. The ‘risk on’ environment helped the Australian Dollar to rally sharply after initially falling to the strong USD. Resistance is now seen at 0.7650 the high in June. The… read more
Daily Outlook
July 8, 2016All eyes will be on the US employment data tonight. The market consensus is expecting a reasonable new jobs gain of 175k after a shocking 38k May data and past three months average of 116k. While unemployment rate has fallen, this is driven by exodus from the labour force, indicating… read more
Daily Outlook
July 7, 2016AUD Trading Under pressure yesterday in the Asian session the AUD/USD hit lows at 0.7410 before rallying back above 0.7500 in a strong sign of resilience. AUD/NZD finally moved above 1.0500 as the Australian Dollar rebounded broadly across the board last night. With Oil Rebounding 2% overnight… read more
Daily Outlook
July 6, 2016The Australian Dollar sold off overnight on risk off sentiment, driven by Brexit fears and OIL fall out. Brexit economic consequences resurface as Bank of England governor Carney reiterate sombre outlook and three UK property funds freezing redemptions. The British Pound continued trending lower to hit 31 year low. UK… read more
