The Australian Dollar is in focus this week as anticipation over whether the Reserve Bank of Australia will cut tomorrow remains a key moot point. Market is factoring in 52% chance of a cut with analysts and economists also split on the decision. Whether the negative Q1 CPI print is enough… 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 Snapshot
April 29, 2016Traders should exhibit caution if planning on holding positions over the weekend. China PMI manufacturing data is due 11:00am Sunday (AEST) holding strong potential to disturb market sentiment. With the recent increase in stimulus from the People’s Bank of China, expectations are for a slight expansion in the manufacturing sector…. read more
Bullet Report
April 28, 2016In the last 24 hours, three major central banks surprised traders by staying firm and not making any changes to their monetary policies. The Federal Reserve held rates and did little to change its statement in terms of providing hints of a future interest rate hike while the Bank of… read more
Daily Outlook
April 28, 2016The Australian dollar has dropped more than 2cents over the last 24 hours following worse than expected inflation data. Quarterly CPI figures surprised the market, indicating a contraction in inflation of -0.2%. This sent the Australian dollar tumbling over 200 pips from a high of 0.7764 to a low of… read more
Bullet Report
April 27, 2016Global investors are still cautious for wednesday evening, which will see the Fed announcement at 18:00 GMT,followed soon after by the RBNZ rate statement at 21:00 GMT and then the BOJ later in the earlymorning hours at 5:00 GMT. Oil and GOLD: Oil rose on Tuesday. The stimulant behind the move… read more
Bullet Report
April 26, 2016We’re continuing to see a little risk aversion in the markets on Tuesday, with investors adopting come caution ahead of this week’s key risk events, the Federal Reserve and Bank of Japan meetings. Oil and GOLD: US crude futures showed limited movement on Monday, continuing the lack of activity which marked… read more
Daily Outlook
April 26, 2016Sugar has surged 2.71% overnight concerns of a supply shortage within the European Union begin to rise. Record production in the 2014-15 season led to quota restrictions driving sugar prices lower. This decline in sugar prices led to a 14% fall in acreage, which combined with a fall in yields,… read more
Bullet Report
April 25, 2016A busy week expected ahead as the market is going to pay close attention to the central banks. While we have the Federal Funds rate on Wednesday, which is usually priced into the market, traders will focus on FOMC statement. The excitement continues as Bank of Japan releases its Monetary… read more
Bullet Report
April 22, 2016The European Central Bank’s policy meeting barely caused a ripple in financial markets Thursday after the bank left interest rates unchanged. President Draghi is leaving the door open for more easing if necessary. He, however, did urge everyone to have a bit more patience and give the current measures time… read more
Daily Outlook
April 22, 2016As expected, European Central Bank kept all its monetary policy unchanged which pushed EURUSD to this week’s high at 1.1397 before reversing all the gain. During the press conference, Draghi left the door open to further easing citing near-record-low inflation expectations. This is despite the recent higher oil price given… read more
