Archive for November 3rd, 2009

 

USD & JPY Lower Tracking a Rebound in Risk Appetite

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

The USD and JPY start Wednesday’s session lower pressured by improving risk appetite as global equity markets rally and the price of gold and crude trade higher, the World Bank upgrades China’s growth forecast, GBP supported by report of rising consumer confidence and services PMI, UK services PMI at its…

ADP Employment Shows Private Employers Shed 203K Jobs in October!

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

The ADP employment report showed that private employers shed in October 203,000 jobs following the prior revised 227,000 lost jobs reported back in September and slightly below median estimates of -198,000 lost jobs, as this further indicates that the labor market continues to pose threats to the ongoing economic recovery,…

FX Thoughts for the Day

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

Aussie continued to trade above 0.90 during the day thereby keeping up the overall bullish sentiment alive. If it continues to trade higher, we might see a rise towards 0.9120 in the US session today. However, immediate Resistance is seen at 0.9085. If it holds, we might see a pull…

Majors Advance Ahead Of The Fed

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

Overall, the Asian session was flat, but the major pairs started heading up during the early European session. Following the greenback?s decline throughout the European trading hours, the dollar index is preparing to break below the 76.00 area, which has been the main support level over the last six days…

Gold Strikes New Historic High

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

Gold set a new record high today at $1095.35 an ounce, the recording breaking continued from last night after news emerged that India?s Central Bank bought 200 metric tons of gold from the International Monetary Fund for a total amount of $6.7 billion; whereas this was interpreted in financial markets…

Forex Economic Calendar

Nov 03, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
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

Fed Wording Will be Key to Dollar’s Fate

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

Trading the Federal Reserve decision on Wednesday will inevitably be extremely dangerous and there will be a very sharp dollar sell-off if the Fed does not change the policy wording. In contrast, a significant change in text would trigger heavy stop-loss Euro selling. Overall, a very small change in text…

11-4 Economic Calendar

Nov 03, 2009 in Grow Financially, Opportunities

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Ahead Of The Fed – Climbing a Wall o’ Worry

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

Equity and commodity markets are moving higher, and that by default is pushing the dollar lower (Stocks up = risk tolerant = Bonds down). Ahead of the London price fixings on oil and gold, and just ahead of the daily setting of the London Interbank Offered Rates (LIBOR), there is…

GBPUSD – Rejection Of Lower Prices Turns Risk Higher

Nov 03, 2009 in Grow Financially, Investment Protection, Opportunities

A reversal of intra day losses on Tuesday saw GBP closing marginally higher at 1.6420 and was seen following through higher in early trading today. While the pair is short term vulnerable to the downside, with its current price development, risk is now beginning to shape up with eyes on…