This morning RBA (Australia) kept interest rates unchanged at 2%. Although the decision was widely anticipated, AUDUSD advanced higher. OIL and commodity markets seems to be recovering which supports all the commodity currencies (CAD, AUD, NZD, and NOK). Rebound in the stock market is also evident with all major indices… 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
October 6, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.95% or 98.517pts to 5150.53 (day range: 5153.6 – 5052) on Monday. The index is above its 20d MA (@ 5084) and below its 50d MA (@ 5247). 76% of the index constituents are above their 20D MA (vs 55% the previous session)… read more
EU Session Bullet Report – USD still in range, GOLD Jumps
October 5, 2015The weak employment report of Friday (142k job additions Vs 201k expectations) contributed to a very weak USD as now analysts expect the Fed have no further reason to raise rates in December. USD weakness was more apparent against commodities and commodity currencies (especially CAD). GOLD itself, jumped 30+ to… read more
Morning Dealing Room Technical Report
October 5, 2015Market Comment Australia The S&P/ASX 200 index dropped 1.18% or 60.124pts to 5052.02 (day range: 5119.2 – 5042.8) on Friday. The index is below its 20d MA (@ 5078) and below its 50d MA (@ 5256). 55% of the index constituents are above their 20D MA (vs 60% the previous session)… read more
Morning Dealing Room Technical Report
October 2, 2015Market Comment Australia The S&P/ASX 200 index increased 1.8% or 90.512pts to 5112.14 (day range: 5116.7 – 5021.7) on Thursday. The index is above its 20d MA (@ 5078) and below its 50d MA (@ 5267). 60% of the index constituents are above their 20D MA (vs 47% the previous… read more
Morning Dealing Room Technical Report
October 1, 2015Market Comment Australia The S&P/ASX 200 index jumped 2.1% or 103.2pts to 5021.63 (day range: 5022 – 4918.4) on Wednesday. The index is below its 20d MA (@ 5073) and below its 50d MA (@ 5276). 47% of the index constituents are above their 20D MA (vs 30% the previous… read more
EU Session Bullet Report – Markets on course for worst quarter since 2011
September 30, 2015US stocks halted a five day slide yesterday recovering slightly, however, on-going concerns show little signs of halting the global selloff. In Asia this morning, stocks also recovered slightly from yesterdays multi year lows, but around the world, stock markets are set for their worst performing quarter since 2011. EURUSD… read more
Morning Dealing Room Technical Report
September 30, 2015Market Comment Australia The S&P/ASX 200 index fell 3.81% or 195.065pts to 4918.43 (day range: 5098.8 – 4918.4) on Tuesday. The index is below its 20d MA (@ 5077) and below its 50d MA (@ 5288). 30% of the index constituents are above their 20D MA (vs 61% the previous session)… read more
EU Session Bullet Report – EURUSD soars while commodities Plunge
September 29, 2015Continued market selloff in Asia yesterday but also today (Nikkei -4.05)%, fueled by another round of negative Chinese trade data in combination with mixed messages from FED members as to a rates increase, sent the EURUSD soaring and commodities plunging. Meanwhile, Fed Chairwoman Yellen’s speech due tomorrow is eagerly awaited…. read more
Morning Dealing Room Technical Report
September 29, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.42% or 71.384pts to 5113.49 (day range: 5113.5 – 5031.8) on Monday. The index is above its 20d MA (@ 5086) and below its 50d MA (@ 5304). 61% of the index constituents are above their 20D MA (vs 49% the previous session)… read more
