Archive for October 22nd, 2009
Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
GBP/USD’s sharp fall and break of 1.6484 minor support indicates that a short term top is in place, with bearish divergence conditions in 4 hours MACD and RSI. Intraday bias is turned neutral for the moment. Note that while the rebound from 1.5706 was strong, it was still limited below…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
Sterling reverses recent gains and falls sharply after the release of much worse than expected Q3 GDP report. The UK economy unexpectedly shrank -0.4% qoq in Q3 versus expectation of 0.2% growth. Year-over-year rate also disappointed by contracting at -5.2%. The data marked the sixth consecutive quarters of decline in…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
Following bleak data released last week, the euro zone released today important economic data showing that the economy is on the right track towards recovery. At the moment, there are more talks that the economy will grow in the third quarter after the decline in contraction in the second quarter…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
Following bleak data released last week, the euro zone released today important economic data showing that the economy is on the right track towards recovery. At the moment, there are more talks that the economy will grow in the third quarter after the decline in contraction in the second quarter…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
Cable crashed post dismal GDP data release. The free fall from 1.6793 can possibly be contained near 1.6318-6290. This week, it has risen on the Support of the 8-week MA at 1.6221, that might be tested on a break of the above Support. Rather stay from the pair for a…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
The USD is trading mixed to higher with GBP sharply lower pressured by report of a surprise decline in UK Q3 GDP, EUR rises to new high for 2009 supported by gains in cross trade to GBP and in reaction to EU flash manufacturing PMI which rose to a 22…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
The USD is trading mixed to higher with GBP sharply lower pressured by report of a surprise decline in UK Q3 GDP, EUR rises to new high for 2009 supported by gains in cross trade to GBP and in reaction to EU flash manufacturing PMI which rose to a 22…
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Oct 22, 2009 in Grow Financially, Opportunities
| Date |
Time* |
Source |
Description |
Forecast |
Previous |
| 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
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
Our lower targets were achieved during yesterday?s highs, but retracements remained weak, indicating that buyers still dominate. Important resistance emerges at 1,5100 area, which is the most possible target. As you can see in the daily chart two different channels are met at these levels and these levels should not…
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Oct 22, 2009 in Grow Financially, Investment Protection, Opportunities
With our previous and recent calls for a trade towards and an eventual break of its symmetrical triangle top at 138.02, that level is currently under attack as the time of this analysis. On a decisive break of there, risk will turn to the 138.71 level where its Aug 07?09…
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