Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
The greenback came under broad-based selling pressure last week partly due to record gold price and surging oil prices, that is the reason we exited our long position in USD/CHF (entered at 1.0290) with small losses and thereafter we have been giving sell recommendations on this currency pair.
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
The USD is trading mixed to mostly lower as equity markets rise and the trade expects the Fed to keep interest rates low for an extended period, high yield currencies rally, GBP was pressured by a statement from BOE’s Posen that suggests he may call for an increase in the…
Oct 18, 2009 in Grow Financially, Opportunities
| Date | Time* | Source | Description | Forecast | Previous |
| 10/19/2009 | 02:00 | AUS | RBA Assistant Governor Lowe Speaks in Sydney | n/a | n/a |
| 10/19/2009 | 05:30 | JPN | Tokyo Dept. Store Sales (YoY) | n/a | -10.3% |
| 10/19/2009 | 12:30 | CA | Int’l Securities Transactions | 3.000B | 0.351B |
| 10/19/2009 | 17:00 | US | NAHB Housing Market Index | 20 | 19 |
| 10/20/2009 | 00:30 | AUS | Reserve Bank Board October Minutes | n/a | n/a |
| 10/20/2009 | 05:00 | JPN | Leading Index CI | n/a | 83.3 |
| 10/20/2009 | 06:00 | JPN | Machine Tool Orders (YoY) | n/a | -61.9% |
| 10/20/2009 | 06:00 | GE | Producer Prices (YoY) | -7.1% | -6.9% |
| 10/20/2009 | 07:00 | JPN | Convenience Store Sales YoY | n/a | -5.5% |
| 10/20/2009 | 08:30 | UK | M4 Money Supply (YoY) | 11.4% | 12.5% |
| 10/20/2009 | 09:00 | EU | Construction Output WDA YoY | n/a | -10.8% |
| 10/20/2009 | 12:30 | CA | Wholesale Sales MoM | -0.5% | 2.8% |
| 10/20/2009 | 12:30 | US | Producer Price Index (YoY) | -4.3% | -4.3% |
| 10/20/2009 | 13:00 | CA | Bank of Canada Rate | 0.25% | 0.25% |
| 10/20/2009 | 21:00 | US | ABC Consumer Confidence | n/a | n/a |
| 10/20/2009 | 21:45 | NZ | Visitor Arrivals | n/a | -0.8% |
| 10/21/2009 | 00:00 | AUS | Westpac Leading Index (MoM) | n/a | 1.1% |
| 10/21/2009 | 00:30 | AUS | New Motor Vehicle Sales YoY | n/a | -6.2% |
| 10/21/2009 | 02:00 | NZ | Credit Card Spending (YoY) | n/a | 0.1% |
| 10/21/2009 | 08:30 | UK | Bank of England Minutes | n/a | n/a |
| 10/21/2009 | 10:00 | UK | U.K. CBI Quarterly Industrial Trends Total Orders | n/a | n/a |
| 10/21/2009 | 18:00 | US | Fed’s Beige Book | n/a | n/a |
| 10/21/2009 | 23:50 | JPN | Merchnds Trade Imports YoY | -38.0 | -41.3 |
| 10/22/2009 | 00:30 | AUS | CBAHIA House Affordability | n/a | 152.5 |
| 10/22/2009 | 04:30 | JPN | All Industry Activity Index MoM | 0.4% | 0.5% |
| 10/22/2009 | 05:00 | JPN | Supermarket Sales (YoY) | n/a | -3.4% |
| 10/22/2009 | 08:00 | EU | ECB Euro-Zone Current Account | n/a | 6.6B |
| 10/22/2009 | 08:30 | UK | Retail Sales (YoY) | 2.8% | 2.1% |
| 10/22/2009 | 09:00 | EU | Euro-Zone Govt Debt/GDP Ratio | n/a | 69.3% |
| 10/22/2009 | 12:30 | CA | Retail Sales MoM | 0.4% | -0.6% |
| 10/22/2009 | 12:30 | US | Initial Jobless Claims | 517K | 514K |
| 10/22/2009 | 12:30 | US | Continuing Claims | 5990K | 5992K |
| 10/22/2009 | 13:00 | US | RPX Composite 28dy YoY | n/a | -12.46% |
| 10/22/2009 | 14:00 | US | Leading Indicators | 0.7% | 0.6% |
| 10/22/2009 | 14:30 | CA | Bank of Canada Monetary Policy Report | n/a | n/a |
| 10/23/2009 | 00:30 | AUS | Import Price Index (QoQ) | -2.8% | -6.4% |
| 10/23/2009 | 07:30 | GE | PMI Manufacturing | 50.1 | 49.6 |
| 10/23/2009 | 08:00 | GE | IFO Surveys | n/a | n/a |
| 10/23/2009 | 08:30 | UK | GDP (YoY) | -4.6% | -5.5% |
| 10/23/2009 | 09:00 | EU | Industrial New Orders SA (YoY) | -22.5% | -24.3% |
| 10/23/2009 | 14:00 | US | Existing Home Sales | 5.40M | 5.10M |
| 10/26/2009 | 00:01 | UK | Hometrack Housing Survey (YoY) | n/a | -5.6% |
| 10/26/2009 | 00:30 | AUS | PPI (YoY) | n/a | 2.1% |
| 10/26/2009 | 07:00 | GE | GfK Consumer Confidence Survey | n/a | 4.3 |
| 10/26/2009 | 12:30 | US | Chicago Fed Nat Activity Index | n/a | -0.90 |
| 10/26/2009 | 14:30 | US | Dallas Fed Manf. Activity | n/a | -6.4% |
| 10/27/2009 | 09:00 | EU | Euro-Zone M3 s.a. (YoY) | n/a | 2.5% |
| 10/27/2009 | 11:00 | UK | U.K. CBI October Distributive Trades | n/a | n/a |
| 10/27/2009 | 13:00 | US | S&P/CS Composite-20 YoY | -11.30% | -13.30% |
| 10/27/2009 | 14:00 | US | Consumer Confidence | 54.4 | 53.1 |
| 10/27/2009 | 21:00 | US | ABC Consumer Confidence | n/a | n/a |
| 10/27/2009 | 23:50 | JPN | Retail Trade YoY | n/a | -1.8% |
| 10/28/2009 | 00:30 | AUS | Consumer Prices (YoY) | n/a | n/a |
| 10/28/2009 | 01:00 | AUS | DEWR Skilled Vacancies MoM | n/a | 1.2% |
| 10/28/2009 | 02:00 | NZ | NBNZ Business Confidence | n/a | 49.1 |
| 10/28/2009 | 12:30 | US | Durable Goods Orders | 0.5% | -2.4% |
| 10/28/2009 | 14:00 | US | New Home Sales | 440K | 429K |
| 10/28/2009 | 20:00 | NZ | RBNZ Official Cash Rate | 2.50% | 2.50% |
| 10/28/2009 | 21:45 | NZ | Trade Balance | n/a | -725M |
| 10/28/2009 | 23:50 | JPN | Industrial Production YoY% | n/a | -19.0% |
| 10/29/2009 | 00:00 | AUS | Conference Board Leading Index | n/a | 0.7% |
| 10/29/2009 | 01:00 | AUS | HIA New Home Sales (MoM) | n/a | 11.4% |
| 10/29/2009 | 02:00 | NZ | Money Supply M3 YoY | n/a | 3.5% |
| 10/29/2009 | 04:00 | JPN | Vehicle Production (YoY) | n/a | -25.9% |
| 10/29/2009 | 08:55 | GE | Unemployment Change (000′s) | n/a | -12K |
| 10/29/2009 | 09:30 | UK | M4 Money Supply (YoY) | n/a | n/a |
| 10/29/2009 | 10:00 | EU | Business Climate Indicator | n/a | -2.07 |
| 10/29/2009 | 12:30 | CA | Industrial Product Price MoM | n/a | 0.5% |
| 10/29/2009 | 12:30 | US | Initial Jobless Claims | n/a | n/a |
| 10/29/2009 | 12:30 | US | Continuing Claims | n/a | n/a |
| 10/29/2009 | 21:45 | NZ | Building Permits MoM | n/a | 1.7% |
| 10/29/2009 | 23:50 | JPN | Natl CPI YoY | n/a | -2.2% |
| 10/30/2009 | 00:00 | JPN | BoJ Target Rate | n/a | 0.10% |
| 10/30/2009 | 00:01 | UK | GfK Consumer Confidence Survey | n/a | -16 |
| 10/30/2009 | 00:30 | AUS | Private Sector Credit YoY% | n/a | 2.5% |
| 10/30/2009 | 05:00 | JPN | Housing Starts (YoY) | n/a | -38.3% |
| 10/30/2009 | 10:00 | EU | Euro-Zone Unemployment Rate | n/a | 9.6% |
| 10/30/2009 | 12:30 | CA | GDP MoM | n/a | 0.0% |
| 10/30/2009 | 12:30 | US | PCE Core (YoY) | 1.3% | 1.3% |
| 10/30/2009 | 13:45 | US | Chicago Purchasing Manager | 48.3 | 46.1 |
| 10/30/2009 | 14:00 | US | U. of Michigan Confidence | 72.2 | 69.4 |
| 10/30/2009 | 20:15 | US | Bloomberg FCI Monthly | n/a | n/a |
* Times listed are GMT
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
Eur/Usd is still trading near to the yearly highs, albeit with a very slow price action that has the personality of a correction move. As such, traders should look for a further move higher in the current red wave III (shown below), that is a sub-wave of a larger wave…
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
Having maintained a third week of upside gains following its failure below its triangle bottom at 130.24 and subsequent recovery higher, the cross now looks to build on those gains with eyes on the breakout of the mentioned symmetrical triangle. If this is seen, scope for further higher prices will…
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
Weakness in early trading today following the pair’s marginal close on Friday remains suggestive of price exhaustion after GBP’s run off the 1.5706 level to a high of 1.6399 the past week. However, the nearer term price run to the upside remains valid while its Sept 30’09 high at 1.6124…
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
After the progress seen recently in the euro zone, the data released last week ignited fears and raised concerns the recovery may derail. Although the economy succeeded in the second quarter to ease the pace of contraction to 0.2% from 2.5% in the first quarter, it is still suffering from…
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
A new economic week strolls in the United Kingdom as over the weekend we saw that Rightmove, the largest residential website in the economy posting that house prices climbed the most in six years therefore continuing to support the fact that the housing sector is bottoming out. Rightmove posted that…
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
Cable GBP-USD @ 1.6291/95…Watch Resistance 1.6420-50. Cable has bounced back after recording a low of 1.6240. The Resistance at 1.6420-50 is the region to be watched closely. A break of this can be very bullish for the pair. Our Short at 1.6301 has been exited at 1.6290 bagging 11 pips.
Oct 18, 2009 in Grow Financially, Investment Protection, Opportunities
Overall, the dollar index headed lower during the Asian session, but still somehow managed to find a (temporary) bottom during the European trading hours. The only major pair that did not advance against dollar was the pound, which also was the weakest pair over the last few weeks of trading….
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