Archive for November 4th, 2009

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EUR/GBP Mid-Day Outlook

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

At this point, intraday bias in EUR/GBP remains mildly on the downside for 0.8911 support. Break there will confirm that whole fall from 0.9410 has resumed and should target 100% projection of 0.9410 to 0.8996 from 0.9238 at 0.8824 next. On the upside, above 0.9060 minor resistance will be the…

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GBP/JPY Mid-Day Outlook

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

Intraday bias in GBP/JPY remains neutral for the moment with 148.56 minor support intact. On the downside, note that a break of 148.56 will indicate that rebound from 146.36 has possibly completed and will flip intraday bias back to the downside first. Further break of 146.36 will bring fall resumption…

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Sterling Fireworks Following BOE Decision

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

Sterling gained initial support from the Bank of England rate decision with the GBP25bn quantitative easing below consensus expectations. There is a strong probability that the GBP25bn move was a compromise between those wanting no increase and those supporting a GBP50bn increase. Sterling gained initial support from the decision, but…

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USD Mixed, BOE Increases Asset Purchases by £25bln

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading lower pressured by the Fed’s decision Wednesday to maintain low yields for an extended period, GBP supported by a report that the BOE increased its asset purchases by less than expected and UK industrial and manufacturing output came in higher than expected, ECB elects to hold…

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Who Cares About the Dollar?

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

Who cares about the dollar? It turns out quite a few do, except for those who could put it on a course to long-term recovery. First of all, you should care, as the purchasing power of your dollar savings is at risk when the dollar plunges versus other currencies. Let’s…

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Currency Technical Report

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

The false break of the base of 1,4680-00 led to an upward reaction, as we had described in our analysis yesterday, towards 1,4900 after FED?s announcement. The downward move from these levels seems corrective and the price is likely to return to 1,4900-30 area. Above 1,4930, next targets are set…

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ECB Kept the Interest Rate Unchanged for the Sixth Month

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

The European central bank (ECB) held the benchmark interest rate steady at its historical low of 1% for the sixth consecutive month in November. The rate was cut by 3.25% since October to support the economy after the economic deterioration that adversely weighed on all sectors of the economy, amid…

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BoE Expand APF While Interest Remain Unchanged for Eighth Month

Nov 04, 2009 in Grow Financially, Investment Protection, Opportunities

The nine members of the Monetary Policy Committee (MPC) at the Bank of England (BoE) announced their rate decision keeping them at the current record low of 0.50 percent. In addition, the MPC decided to expand their APF program to 200 billion pounds.

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Forex Economic Calendar

Nov 04, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
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 Loans & Discounts Corp YofY 1.8%
11/11/2009 23:50 JPN Domestic CGPI (MoM) .1%
11/11/2009 23:50 JPN Domestic CGPI (YoY) -7.9%
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 ECB Publishes Nov Monthly Report
11/12/2009 09:00 EU Euro-Zone Ind Prod. wda YoY -15.4%
11/12/2009 13:30 US Initial Jobless Claims
11/12/2009 13:30 US Continuing Claims
11/12/2009 13:30 CA New Housing Price Index MoM .1%
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

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Forex Economic Calendar

Nov 04, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
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 Loans & Discounts Corp YofY 1.8%
11/11/2009 23:50 JPN Domestic CGPI (MoM) .1%
11/11/2009 23:50 JPN Domestic CGPI (YoY) -7.9%
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 ECB Publishes Nov Monthly Report
11/12/2009 09:00 EU Euro-Zone Ind Prod. wda YoY -15.4%
11/12/2009 13:30 US Initial Jobless Claims
11/12/2009 13:30 US Continuing Claims
11/12/2009 13:30 CA New Housing Price Index MoM .1%
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

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