Archive for November 2nd, 2009

 

USD Rises as Stocks Trade Lower on Bank Troubles

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading higher as equity markets decline and the RBA raised interest rates 25bps, AUD pressured by doubt about whether the RBA will hike rates again in December and in reaction to declining risk appetite, UBS posted a bigger than expected Q3 loss, RBS and Lloyds will receive…

Dollar Index Breakout

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

The U.S. dollar is higher against the majors, driven by lower stocks in Asia, as the Hang Seng Index finished the session 1.76% lower . New lows on the German DAX pushed the U.S. dollar index into new three week high areas, after the break of the 76.57 resistance point….

Dollar Strength From Declining Equity Markets

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

Overall, the dollar index strengthened across the board in Tuesday trade, in repose to the decline in futures, and cash, equity markets. With the declines seen over the last period, some of the major pairs have reached critical swing area, which previously had acted as significant support or resistance areas….

FX Thoughts for the Day

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

Cable has fallen and is taking Support near the 55-DMA. Till this Support region holds, expect it to rise towards 1.65 once again. Else, a fall towards 1.61 and 1.60 are on the cards. The range of 1.60-65 mentioned yesterday is what we look for over the next few days…

Forex Economic Calendar

Nov 02, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
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 09:30 UK Total Trade Balance (GBP/Mln) n/a -GBP2318
11/10/2009 10:00 GE ZEW Surveys n/a n/a
11/10/2009 15:00 US IBD/TIPP Economic Optimism n/a 48.7
11/10/2009 21:45 NZ Food Prices (MoM) n/a -0.7%
11/10/2009 22:00 US ABC Consumer Confidence n/a n/a
11/10/2009 23:30 AUS Westpac Consumer Confidence n/a 1.7%
11/10/2009 23:50 JPN Machine Orders YoY% n/a -26.5%
11/11/2009 09:30 UK ILO Unemployment Rate n/a 7.9%
11/11/2009 10:30 UK Bank of England Quarterly Inflation Report n/a n/a
11/11/2009 12:00 US Bloomberg Global Confidence n/a 61.70
11/11/2009 21:45 NZ Retail Sales (MoM) n/a 1.1%
11/11/2009 23:50 JPN Domestic CGPI (MoM) .1%
11/11/2009 23:50 JPN Domestic CGPI (YoY) -7.9%
11/11/2009 23:50 JPN Loans & Discounts Corp YofY 1.8%
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%
11/12/2009 04:00 JPN Tokyo Condominuim Sales YoY 26.2%
11/12/2009 09:00 EU Euro-Zone Ind Prod. wda YoY -15.4%
11/12/2009 09:00 EU ECB Publishes Nov Monthly Report
11/12/2009 13:30 CA New Housing Price Index MoM .1%
11/12/2009 13:30 US Initial Jobless Claims
11/12/2009 13:30 US Continuing Claims
11/13/2009 02:00 NZ Non Resident Bond Holdings n/a 72.1%
11/13/2009 04:30 JPN Industrial Production YoY -18.9%
11/13/2009 05:00 JPN Consumer Confidence 40.7
11/13/2009 07:00 GE GDP nsa (YoY) n/a -7.1%
11/13/2009 10:00 EU Euro-Zone CPI (YoY) n/a -0.3%
11/13/2009 12:30 CA Int’l Merchandise Trade n/a -2.0B
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

GBPUSD: Threats Remain Lower, Targets The 1.6249 Level

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

Extension of Monday weakness was seen in early trading today pushing the pair back below its broken falling channel and increasing further threats to the downside. We have highlighted in our previous analysis the risk of GBP holding below the 1.6692 level, its Oct 23?09 high. Supports now come in…

AUDUSD: Challenges The 0.8942 Level

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

Having failed to hold on its Monday strength, AUDUSD was seen weakening today breaking below its last week low at 0.8942. AUDUSD continues to face downside pressure following its loss of momentum at its YTD high at 0.9327 and its subsequent price collapse. Below the 0.8942 level will set the…

11-3 Economic Calendar

Nov 02, 2009 in Grow Financially, Opportunities

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London Session Recap

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

EUR/USD has broken down through 1.4700 and stocks markets are registering hefty losses across the board as the market takes risk off the table in the wake of another run of bad news from the banking sector and fears that most of the G-10 will only be able to manage…

Technical Analysis Daily: USD/JPY

Nov 02, 2009 in Grow Financially, Investment Protection, Opportunities

On Monday Dollar/Yen made a significant upward movement, after reaching the 89.16 bottom, as expected. On the 3 hour chart the descending channel was broken again upwards with very strong impulse, indicating bulls domination. The signals are expected to be bullish in the short term with objectives towards yesterday’s top…