So the day has arrived where investors around the world will learn if the US Federal Reserve is to lift interest rates for the first time in almost a decade. Whilst the probability that a hike will take place is high, it is by no means a certainty with the continued… 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.
Morning Dealing Room Technical Report
December 15, 2015It’s a quiet start to the trading month, however there were some notable moves that should be mentioned. Once again OIL (-0.87%) made a new multiyear low after bottoming at 34.51. The post financial crisis low was $32.40 in December 2008. Brent crude LCOc1 also fell by 3.4% to below… read more
Morning Dealing Room Technical Report
December 11, 2015US jobless claims rose for the first time in 5 months to 282k and EURUSD recovered over the 50 Day MA after the data located at 1.0953. Oil prices (-1.46%) moved into the red, hitting new 7 year lows, after OPEC monthly report, showed its own output rose. GOLD… read more
Morning Dealing Room Technical Report
December 10, 2015USD is marginally lower versus most counterparts as a corrective rise in oil prices helped commodity currencies recover from the long lasting selloff. EURUSD +0.54%) is trading at highs of the day 1.0955 however is still lower than 1.0980 which is the post ECB high on Thursday. The Australian and… read more
Morning Dealing Room Technical Report
December 9, 2015USD continues to dominate with exception being against the EUR. USDCAD (+0.70%) is trading at 11.5 year highs as OIL (-2.17%) collapsed to a 7 year low. BRTUSD (-1.61%) is also posting new multi-year lows. Commodity currencies in general are suffering on the back of weaker oil prices as can… read more
Morning Dealing Room Technical Report
December 8, 2015It’s a quiet start to the trading week, with the USD generally in control after the Friday’s NFP Report. Markets have now priced in the expectation of the FED raising rates on the FOMC meeting of December 16th. Focus regarding the USD has now shifted to the subsequent rate hikes… read more
Morning Dealing Room Technical Report
December 4, 2015Market Comment Australia The S&P/ASX 200 index declined 0.58% or 30.622pts to 5227.72 (day range: 5258.3 – 5200.4) on Thursday. The index is above its 20d MA (@ 5176) and above its 50d MA (@ 5193). 59% of the index constituents are above their 20D MA (vs 63% the previous session)… read more
Morning Dealing Room Technical Report
December 3, 2015Market Comment Australia The S&P/ASX 200 index fell 0.15% or 7.8pts to 5258.34 (day range: 5269.3 – 5237.5) on Wednesday. The index is above its 20d MA (@ 5174) and above its 50d MA (@ 5190). 63% of the index constituents are above their 20D MA (vs 66% the previous session)… read more
Morning Dealing Room Technical Report
December 2, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.93% or 99.621pts to 5266.14 (day range: 5279.3 – 5166.5) on Tuesday. The index is above its 20d MA (@ 5173) and above its 50d MA (@ 5185). 66% of the index constituents are above their 20D MA (vs 55% the previous session)… read more
Morning Dealing Room Technical Report
December 1, 2015Market Comment Australia The S&P/ASX 200 index decreased 0.69% or 36.066pts to 5166.52 (day range: 5213.1 – 5166.2) on Monday. The index is below its 20d MA (@ 5172) and below its 50d MA (@ 5182). 55% of the index constituents are above their 20D MA (vs 57% the previous session)… read more
