With Taiwan, Hong Kong and South Korea enjoying a bank holiday today, trading has been very light during the Asian session. Follow through for the USD weakness of Friday was not picked up despite the negative performance of the stock indices across the region. Fed Chair Janet Yellen last Thursday… 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
September 28, 2015Market Comment Australia The S&P/ASX 200 index fell 0.58% or 29.556pts to 5042.11 (day range: 5116.3 – 5036.1) on Friday. The index is below its 20d MA (@ 5091) and below its 50d MA (@ 5315). 49% of the index constituents are above their 20D MA (vs 50% the previous session)… read more
EU Session Bullet Report – USD reverses after Fed’s Yellen comments
September 25, 2015Asian shares gave up gains while the USD recovered versus the EUR after comments from FED’s Yellen last night. In summary, the FED Chairwoman mentioned that she and other policy members expect a 2015 liftoff in interest rates. As a result EURUSD is trading at 1.1170 while GOLD’s rally to… read more
Morning Dealing Room Technical Report
September 25, 2015Market Comment Australia The S&P/ASX 200 index jumped 1.47% or 73.534pts to 5071.67 (day range: 5071.7 – 4998.1) on Thursday. The index is below its 20d MA (@ 5102) and below its 50d MA (@ 5328). 50% of the index constituents are above their 20D MA (vs 27% the previous… read more
EU Session Bullet Report – EURUSD recovers while USD remains Strong versus Rest
September 24, 2015EURUSD has recovered from the recent USD strength and has tested 1.12 during the late US session. There is s significant resistance at 1.1215 followed by 1.1245. Markets will await fresh clues from the German Ifo Business climate and GFK consumer sentiment releases later in the day. USDCAD posted a… read more
Morning Dealing Room Technical Report
September 24, 2015Market Comment Australia The S&P/ASX 200 index was down 2.07% or 105.42pts to 4998.13 (day range: 5103.6 – 4988.8) on Wednesday. The index is below its 20d MA (@ 5110) and below its 50d MA (@ 5340). 27% of the index constituents are above their 20D MA (vs 39% the previous… read more
EU Session Bullet Report – Dollar safe haven as Stocks slide
September 23, 2015Global markets continue to be dominated by last weeks Fed announcement. Its decision to leave rates unchanged is again raising concerns over the economy as investors remain twitchy as markets continue to experience a mild selloff. European and U.S stocks suffered the most yesterday with the German DAX, S&P 500… read more
Morning Dealing Room Technical Report
September 23, 2015Market Comment Australia The S&P/ASX 200 index increased 0.74% or 37.308pts to 5103.55 (day range: 5125 – 5066.2) on Tuesday. The index is below its 20d MA (@ 5119) and below its 50d MA (@ 5352). 39% of the index constituents are above their 20D MA (vs 31% the previous session)… read more
EU Session Bullet Report – USD back with a vengeance
September 22, 2015We expect a ranging market today, due to the absence of market moving events, with only euro area consumer confidence the single news of interest. Post FOMC we see a stronger USD backed by hawkish comments from the FED members that indicated either that their vote for a rate rise… read more
Morning Dealing Room Technical Report
September 22, 2015Market Comment Australia The S&P/ASX 200 index was down 2.02% or 104.258pts to 5066.24 (day range: 5170.5 – 5027.4) on Monday. The index is below its 20d MA (@ 5121) and below its 50d MA (@ 5362). 31% of the index constituents are above their 20D MA (vs 61% the… read more
