Daily Outlook Friday 24th July 2015 USD recovered some significant ground versus most currencies and commodities helped by solid job data. Initial jobless claims dropped to 255k versus expectation of 275k. In the UK, Retail Sales were terrible. -0.2% versus expectation of 0.3% resulting in a 170 pip move lower… 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 24, 2015Friday 24th July 2015 Market Comment Australia The S&P/ASX 200 index was down 0.43% or 24.283pts to 5590.29 (day range: 5617.5 – 5586.2) on Thursday. The index is above its 20d MA (@ 5560) and below its 50d MA (@ 5599). 60% of the index constituents are above their 20D… read more
Bullet Report
July 23, 2015Daily Outlook Thursday 23rd July 2015 Greece’s Government managed to pass the key reform measures necessary for starting the negotiations for the new 86 billion EURO bailout, but the news did not have any impact on EURUSD. GBPUSD lost some ground after the release of Bank of England minutes that… read more
Morning Dealing Room Technical Report
July 23, 2015Thursday 23rd July 2015 Market Comment Australia The S&P/ASX 200 index dropped 1.61% or 92.146pts to 5614.57 (day range: 5696.8 – 5614) on Wednesday. The index is above its 20d MA (@ 5562) and above its 50d MA (@ 5602). 61% of the index constituents are above their 20D MA… read more
Bullet Report
July 22, 2015Daily Outlook Wednesday 22th July 2015 Markets are mixed today with the USD showing weakness against EUR but stability versus GBP. Commodity currencies managed to recover from their lows despite the fact that GOLD dropped from 1106 to 1093 overnight. The catalyst for the slide was the revision of the… read more
Morning Dealing Room Technical Report
July 22, 2015Market Comment Australia The S&P/ASX 200 index was up 0.35% or 19.824pts to 5706.72 (day range: 5718.9 – 5686.8) on Tuesday. The index is above its 20d MA (@ 5565) and above its 50d MA (@ 5603). 73% of the index constituents are above their 20D MA (vs 65%… read more
The Bullet Report
July 21, 2015Daily Outlook Tuesday 21st July 2015 USD bullish tone remains unchanged today in a quiet market so far. View that the Fed will increase rates in September (50% chance) and relatively soft data out of EU (German PPI index fell by 1.4% in June compared to a year before) helped… read more
Morning Dealing Room Technical Report
July 21, 2015Market Comment Australia The S&P/ASX 200 index gained 0.3% or 16.783pts to 5686.89 (day range: 5688.3 – 5651.6) on Monday. The index is above its 20d MA (@ 5564) and above its 50d MA (@ 5601). 65% of the index constituents are above their 20D MA (vs 68% the previous… read more
Bullet Report
July 20, 2015Daily Outlook Monday 20th July 2015 Big story overnight: GOLD dropped more than 60 dollars in a few minutes. That’s a 5% move and is an extremely rare phenomenon. Gold has now reached a 5 year low. Reason for the move: no more Grexit fears + China has announced it… read more
Morning Dealing Room Technical Report
July 20, 2015Monday 20th July 2015 Market Comment Australia The S&P/ASX 200 index was flat on Friday. The index is above its 20d MA (@ 5561) and above its 50d MA (@ 5600). Australia’s May leading index was 104.8 (vs 104.6 in April) and coincident index 108.5 (vs 108.2 in April), according… read more
