Archive for October 19th, 2009

 

U.S. $ Index: Ending Diagonal Pattern

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

The U.S. dollar has reached new lows recently against the majors, driven by a higher stock and commodity market, especially oil which has touched the 80.00 area over the past few sessions. Eur/Usd is currently trading very close to the 1.5000 area, from where traders may see some reversal movements,…

U.S. $ Index: Ending Diagonal Pattern

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

The U.S. dollar has reached new lows recently against the majors, driven by a higher stock and commodity market, especially oil which has touched the 80.00 area over the past few sessions. Eur/Usd is currently trading very close to the 1.5000 area, from where traders may see some reversal movements,…

Eurozone: Construction Output Slips for the Fourth Straight Month

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

The European economy after the progress seen recently, started to release data that raises concerns with regard recovery. Last week’s data aroused skeptics and confirmed Trichet’s previous announcements that the economy will witness volatility in data in the coming period.

Eurozone: Construction Output Slips for the Fourth Straight Month

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

The European economy after the progress seen recently, started to release data that raises concerns with regard recovery. Last week’s data aroused skeptics and confirmed Trichet’s previous announcements that the economy will witness volatility in data in the coming period.

FX Thoughts for the Day

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

Cable continues to test the Resistance zone. Till this Resistance zone of 1.6435-60 holds, it can bring the pair down towards 1.6200 but a break of this Resistance is likely to make Cable very bullish. Else a break is likely to next target 1.66 over the next few days. Earlier,…

FX Thoughts for the Day

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

Cable continues to test the Resistance zone. Till this Resistance zone of 1.6435-60 holds, it can bring the pair down towards 1.6200 but a break of this Resistance is likely to make Cable very bullish. Else a break is likely to next target 1.66 over the next few days. Earlier,…

Forex Economic Calendar

Oct 19, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
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

FX Forecast Update: USD to Remain Under Pressure towards Year-end

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

There has been only one direction-to the south- for USD’s movement in recent months. Since our last update on FX forecasts, the dollar index has declined another -1.3% to the lowest level in 14 months. Although technical indicators suggest a meaningful rebound, market sentiment, central bank policy and macroeconomic outlook…

FX Forecast Update: USD to Remain Under Pressure towards Year-end

Oct 19, 2009 in Grow Financially, Investment Protection, Opportunities

There has been only one direction-to the south- for USD’s movement in recent months. Since our last update on FX forecasts, the dollar index has declined another -1.3% to the lowest level in 14 months. Although technical indicators suggest a meaningful rebound, market sentiment, central bank policy and macroeconomic outlook…

German PPI

Oct 19, 2009 in Grow Financially, Opportunities

German PPI m/m came in at -0.5%, weaker than the 0.0% estimate and 0.5% prior reading.

Going into the number Eur/Usd was bought up about 10 pips to 1.4980, it has since given half of that back. This is not a good number For Euro.