The USD rose to its strongest level in 7 weeks against the JPY (124.57) and to its highest level in 6 years versus the Australian dollar (72.54). Despite the lower than expected GDP growth in Q2 (2.3% vs. 2.5% expected) a September rate hike (first one in 9 years) is… 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
July 31, 2015Market Comment Australia The S&P/ASX 200 index was up 0.81% or 45.366pts to 5669.52 (day range: 5676.5 – 5633.3) on Thursday. The index is above its 20d MA (@ 5584) and above its 50d MA (@ 5594). 68% of the index constituents are above their 20D MA (vs 60% the previous… read more
Bullet Report – Dollar strengthens, global equities rally
July 30, 2015Even though the FED seemed optimistic about the US economy, the FOMC statement did not drop any hints on whether an interest rate rise in September is a possibility or not. EURUSD spiked up to $1.1078 and then dropped down to $1.1003 during the statement. Continued USD strength is the… read more
Morning Dealing Room Technical Report
July 30, 2015Market Comment Australia The S&P/ASX 200 index rose 0.71% or 39.472pts to 5624.16 (day range: 5650.5 – 5594.3) on Wednesday. The index is above its 20d MA (@ 5581) and above its 50d MA (@ 5592). 60% of the index constituents are above their 20D MA (vs 53% the previous session)… read more
Bullet Report – Markets steady as all eyes on FOMC
July 29, 2015Who will raise interest rates first? US or UK? As the market appears to be certain about the FED NOT increasing the interest rate in July, traders will be analyzing tonights FOMC statement for any hints of an interest rate increase in September. Yesterday, GBP was not affected during the… read more
Morning Dealing Room Technical Report
July 29, 2015Market Comment Australia The S&P/ASX 200 index was flat on Tuesday. The index is above its 20d MA (@ 5575) and below its 50d MA (@ 5592). Australia: The ANZ Roy Morgan Consumer Confidence Index edged up to 112.5 in the week ended July 26 from 111.8 a week earlier. Foreign Exchange… read more
Bullet Report – China Stock collapse, UK GDP key
July 28, 2015The driving force behind the moves yesterday was firstly the collapse of Chinese stock markets again (-8.48% worst performance since February 2007) as well as improved German confidence numbers. These sharp moves in China are also felt across global stock markets. With FOMC tomorrow and corporate earnings taking place in… read more
Morning Dealing Room Technical Report
July 28, 2015Market Comment Australia The S&P/ASX 200 index gained 0.43% or 23.782pts to 5589.89 (day range: 5589.9 – 5538) on Monday. The index is above its 20d MA (@ 5569) and below its 50d MA (@ 5594). 56% of the index constituents are above their 20D MA (vs 53% the previous session)… read more
Bullet Report
July 27, 2015Daily Outlook Monday 27th July 2015 Gold recovered slightly today, hovering around the 1100 level. Crude oil is trading slightly under $48. EURUSD is broadly higher following last week’s recovery following the negative US New home Sales data which slipped to the lowest level of 2015, which is also the… read more
Morning Dealing Room Technical Report
July 27, 2015Monday 27th July 2015 Market Comment Australia The S&P/ASX 200 index was down 0.43% or 24.182pts to 5566.1 (day range: 5607.2 – 5548) on Friday. The index is above its 20d MA (@ 5561) and below its 50d MA (@ 5597). 53% of the index constituents are above their 20D… read more
