Archive for November 1st, 2009

 

USD Lower, Manufacturing PMI’s Rise in Europe and Asia

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading lower as manufacturing PMI’s rise in Europe and Asia, GBP pressured by weak UK bank shares and report that the UK government may split up UK banks, GBP downside limited by report of above expectation UK manufacturing PMI, EUR supported by report that EU manufacturing PMI…

Currency Technical Report

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

Euro declined in the end of the previous week towards 1,4680-00 area, which was tested as support again. The short term downtrend could not be reversed, despite the positive signs in the daily chart on Thursday, and important resistance at 1,4850-60 could not be breached. The time remains between 1,4670-90…

Sterling Still Set to Weaken

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

The Bank of England policy meeting will inevitably be an important focus this week and there will be further speculation that there will be an expansion of the quantitative easing programme which will tend to undermine Sterling. The UK trends will also still be correlated to a significant extent with…

Aussie Commodity Prices

Nov 01, 2009 in Grow Financially, Opportunities

Australian Commodity Prices (y/y) came in at -45.2% versus its prior reading of -32.3%. The market showed a limited reaction to the release as the AUD trades off session highs.

GBPUSD: Risk Continues To Point Downside

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

GBP is beginning the month with a bearish tone turning back off its intra day high of 1.6476 in early trading today and now threatening further downside. As referenced in our weekly analysis, GBP?s failure to build up upside strength remains consistent with our short term downside outlook and risk…

EURGBP: Initiates Corrective Recovery

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

After tumbling off its Oct 26?09 high at 0.9239 and wiping its previous week gains at the end of last week, the cross was seen initiating a corrective rally off the 0.8950 low today. Although EURGBP is trading slightly above its immediate resistance at the 0.8996 level, its Oct 21?09…

FX Thoughts for the Day

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

Overall bullish on the Aussie, as mentioned in the morning, for eventual rise towards 0.9150-9200. Support seen between 0.8950-00. Immediate Resistance for the Day seen at 0.9140. While this holds, there could be chances of seeing a dip towards 0.8950-00 tomorrow. This is because the market has factored in a…

Mixed Forex Moves

Nov 01, 2009 in Grow Financially, Investment Protection, Opportunities

Overall, the dollar index found sellers during the Asian session, but this trend continued only for a limited period during European trade. This happened even though the commodity market appears to be trading on a strong uptrend which would normally support a weaker dollar. Moreover, the European trading hours were…

Forex Economic Calendar

Nov 01, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
11/2/2009 00:01 UK Hometrack Housing Survey (YoY) n/a -5.6%
11/2/2009 00:30 AUS House Price Index YoY 4.3% -1.4%
11/2/2009 01:30 JPN Labor Cash Earnings YoY n/a -3.1%
11/2/2009 05:00 JPN Vehicle Sales (YoY) n/a 3.5%
11/2/2009 05:30 AUS RBA Commodity Index SDR YoY% n/a -32.3%
11/2/2009 08:55 GE PMI Manufacturing n/a 51.1
11/2/2009 09:00 EU PMI Manufacturing n/a 50.7
11/2/2009 09:30 UK PMI Manufacturing n/a 49.5
11/2/2009 15:00 US ISM Manufacturing 53.1 52.6
11/2/2009 21:45 NZ Average Hourly Earnings QoQ n/a 0.7%
11/3/2009 02:00 NZ ANZ Commodity Price n/a 6.8%
11/3/2009 03:30 AUS RBA CASH TARGET 3.50% 3.25%
11/3/2009 09:30 UK PMI Construction n/a 46.7
11/3/2009 15:00 US Factory Orders 1.1% -0.8%
11/3/2009 22:00 US ABC Consumer Confidence n/a n/a
11/3/2009 22:30 AUS AiG Performance of Service Index n/a 49.3
11/3/2009 23:50 JPN Monetary Base (YoY) n/a 4.5%
11/4/2009 00:01 UK Nationwide Consumer Confidence n/a 71
11/4/2009 00:30 AUS Building Approvals (YoY) 8.2% 0.0%
11/4/2009 08:55 GE PMI Services n/a 50.9
11/4/2009 09:00 EU PMI Services n/a 52.3
11/4/2009 09:30 UK Official Reserves (Changes) n/a $1665M
11/4/2009 10:00 EU Euro-Zone PPI (YoY) n/a -7.5%
11/4/2009 10:30 UK BRC October Shop Price Index n/a n/a
11/4/2009 12:30 US Challenger Job Cuts YoY n/a -30.2%
11/4/2009 13:15 US ADP Employment Change -187K -254K
11/4/2009 15:00 US ISM Non-Manf. Composite 52.0 50.9
11/4/2009 19:15 US FOMC Rate Decision 0.25% 0.25%
11/4/2009 21:45 NZ Unemployment Rate n/a 6.0%
11/4/2009 23:50 JPN BoJ Monetary Policy Meeting Minutes n/a n/a
11/5/2009 00:30 AUS Trade Balance -2150M -1524M
11/5/2009 08:55 AUS Australian Central Bank Governor Stevens Speaks in Melbourne n/a n/a
11/5/2009 09:30 UK Industrial Production (YoY) n/a -11.2%
11/5/2009 10:00 EU Euro-Zone Retail Sales (YoY) n/a -2.6%
11/5/2009 12:00 UK BOE ANNOUNCES RATES 0.50% 0.50%
11/5/2009 12:45 EU ECB Announces Interest Rates n/a 1.00%
11/5/2009 13:30 CA Building Permits MoM n/a 7.2%
11/5/2009 13:30 US Initial Jobless Claims n/a n/a
11/5/2009 13:30 US Continuing Claims n/a n/a
11/5/2009 15:00 CA Ivey Purchasing Managers Index n/a 61.7
11/5/2009 16:00 US ICSC Chain Store Sales YoY n/a 0.1%
11/5/2009 22:30 AUS AiG Perf of Construction Index n/a 50.8
11/6/2009 00:01 UK NIESR GDP Estimate n/a 0.0%
11/6/2009 00:30 AUS Reserve Bank Quarterly Monetary Policy Statement n/a n/a
11/6/2009 05:00 JPN Leading Index CI n/a 83.2
11/6/2009 05:30 AUS Foreign Reserves n/a 48.9B
11/6/2009 06:20 AUS Australian Deputy Governor Ric Battellino Speaks in Perth n/a n/a
11/6/2009 09:30 UK PPI Output Core NSA (YoY) n/a 1.4%
11/6/2009 11:00 GE Factory Orders YoY (nsa) n/a -20.4%
11/6/2009 12:00 CA Net Change in Employment n/a 30.6K
11/6/2009 13:30 US Change in Nonfarm Payrolls -164K -263K
11/6/2009 15:00 US Wholesale Inventories -1.0% -1.3%
11/6/2009 20:00 US Consumer Credit -$9.0B -$12.0B
11/9/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a 4.4%
11/9/2009 03:00 AUS Australian Central Bank Asst. Governor Lowe Speaks in Perth n/a n/a
11/9/2009 07:00 GE Trade Balance n/a 8.1B
11/9/2009 09:30 EU Sentix Investor Confidence n/a -12.6
11/9/2009 11:00 GE Industrial Prod. YoY (nsa wda) n/a -16.8%
11/9/2009 13:15 CA Housing Starts 154.0K 149.3K
11/9/2009 21:45 NZ NZ Card Spending (MoM) n/a 0.7
11/9/2009 23:00 AUS Australian Central Bank Official John Broadbent Speaks in Sydney n/a n/a
11/9/2009 23:50 JPN Current Account Total n/a YEN1171.2B
11/10/2009 00:01 UK RICS House Price Balance n/a 22.0%
11/10/2009 00:30 AUS NAB Business Conditions n/a 3
11/10/2009 06:00 JPN Machine Tool Orders (YoY) n/a -62.1%
11/10/2009 07:00 GE CPI (YoY) n/a 0.0%
11/10/2009 21:45 NZ Food Prices (MoM) n/a -0.7%
11/10/2009 23:30 AUS Westpac Consumer Confidence n/a 1.7%
11/11/2009 21:45 NZ Retail Sales (MoM) n/a 1.1%
11/12/2009 00:00 AUS Consumer Inflation Expectation n/a 3.5%
11/12/2009 00:30 AUS Employment Change n/a 40.6K
11/12/2009 00:30 AUS Participation Rate n/a 65.2%
11/13/2009 02:00 NZ Non Resident Bond Holdings n/a 72.1%
11/13/2009 13:30 US Trade Balance -$32.0B -$30.7B
11/13/2009 15:00 US U. of Michigan Confidence n/a 70.6

* Times listed are GMT

11-2 Economic Calendar

Nov 01, 2009 in Grow Financially, Opportunities

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