Category Archives: Daily Outlook

4 Oct: US$ softer ahead of heavy data load, Wed/Thur/Fri. Composite/Services PMIs today. Yellen, Draghi too.

  Markets have been generally choppy on Tuesday and have been unable to maintain the dollar’s positive momentum seen yesterday in Asia, with most pairs partially correcting the move in what has been a relatively steady session. The dollar is now marginally softer, while the main mover interest was in Sterling, which traded lower after the surprisingly poor… Read More »

Trade Idea : Buy GbpAud. 26/09/17

These market alerts are provided as part of a trial basis only.  Buy GbpAud @ 1.6900 SL @ 1.6800 TP @ 1.7200 This order is only good for entry purposes until 5.00 pm NY time today Trade Description: The longer term charts for Sterling generally look quite positive altohugh any negative Brexit news may impact on this. In… Read More »

25 Sept: Euro, Kiwi both opening lower after election results.

  Currencies ended mixed on Friday, with further dollar strength being contained following the hawkish FOMC outlook, after N Korean politics again intervened, causing renewed Yen strength on all fronts. The Euro was firm as well, assisted by the Eurozone PMI manufacturing which rose to 58.2 in September, up from 57.4 and beat expectation of 57.2. The EU… Read More »