Archive for November 8th, 2009

 

USD Sharply Lower, IMF Says USD Still Overvalued

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading lower to start the week pressured by stronger equity markets, in reaction to the G-20 meeting and by a statement from the IMF about the USD, the G-20 was silent on USD weakness and pledged to continue to support the global economy, the IMF says that…

Forex Technical Analytics

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked the tendency of bearish activity strengthening and gives grounds to suppose preservation of sales priorities for planning of trading operations for today. On the assumption of it,…

Low Interest Rates Trigger Dollar Sell-Off

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

Overall, the currency market had mainly one direction during the overnight session, up. Since the Sunday session open, the dollar index was sold at a continuous pace, losing 80 ticks, or a little more than 1%. This happened after officials present at the G-20 meeting pledged to maintain interest rates…

German Industrial Production Improves Ahead of GDP Data This Week

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

Today, Germany released another upbeat data after the buoyant news released recently; marking that the worst is over and the largest economy in the euro area will lead growth in the third quarter as it did in the second quarter. The Euro Zone’s gigantic economy released its Industrial Production showing…

FX Thoughts for the Day

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

The Cable had continued to surge through the day, breaking free of the Resistance at 1.6750. This is likely to be very bullish for the pair. Dips towards 1.6700-6650 if seen may be used to add to long. We would be targeting 1.70 over the next few days. The fact…

Forex Economic Calendar

Nov 08, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
11/9/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a 4.4%
11/9/2009 03:20 AUS Australian Central Bank Asst. Governor Lowe Speaks in Perth n/a n/a
11/9/2009 07:00 GE Trade Balance 11.3B 8.1B
11/9/2009 09:30 EU Sentix Investor Confidence -12.0 -12.6
11/9/2009 11:00 GE Industrial Prod. YoY (nsa wda) -14.4% -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 YEN1510.0B YEN1171.2B
11/10/2009 00:00 US Speech–Governor Daniel K. Tarullo n/a n/a
11/10/2009 00:01 UK RICS House Price Balance 28% 22.0%
11/10/2009 00:30 AUS NAB Business Conditions n/a 3
11/10/2009 04:30 JPN Bankruptcies (YoY) n/a -18.0%
11/10/2009 06:00 JPN Machine Tool Orders (YoY) n/a -62.1%
11/10/2009 07:00 GE CPI (YoY) 0.0% 0.0%
11/10/2009 09:30 UK Total Trade Balance (GBP/Mln) -GBP2200 -GBP2318
11/10/2009 10:00 GE ZEW Surveys n/a n/a
11/10/2009 12:30 US NFIB Small Business Optimism n/a 88.8
11/10/2009 15:00 US IBD/TIPP Economic Optimism 49.5 48.7
11/10/2009 20:30 US Speech–Governor Daniel K. Tarullo n/a n/a
11/10/2009 21:45 NZ Food Prices (MoM) n/a -0.7%
11/10/2009 22:00 US ABC Consumer Confidence n/a -49
11/10/2009 23:30 AUS Westpac Consumer Confidence n/a 1.7%
11/10/2009 23:50 JPN Machine Orders YoY% -26.3% -26.5%
11/11/2009 09:30 UK ILO Unemployment Rate 8.0% 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) 0.4% 1.1%
11/11/2009 23:50 JPN Domestic CGPI (MoM) -0.1% 0.1%
11/11/2009 23:50 JPN Domestic CGPI (YoY) -6.0% -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 -10.0K 40.6K
11/12/2009 00:30 AUS Participation Rate 65.2% 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 10:00 EU Euro-Zone Ind Prod. wda YoY -14.1% -15.4%
11/12/2009 13:30 US Initial Jobless Claims 510K 512K
11/12/2009 13:30 US Continuing Claims 5700K 5749K
11/12/2009 13:30 CA New Housing Price Index MoM 0.2% 0.1%
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 40.5 40.7
11/13/2009 07:00 GE GDP nsa (YoY) -5.0% -7.1%
11/13/2009 10:00 EU Euro-Zone GDP s.a. (YoY) -3.9% -4.8%
11/13/2009 13:30 US Trade Balance -$32.0B -$30.7B
11/13/2009 13:30 CA Int’l Merchandise Trade -1.7B -2.0B
11/13/2009 15:00 US U. of Michigan Confidence 71.0 70.6
11/15/2009 21:30 NZ New Zealand’s Performance of Services Index n/a n/a
11/15/2009 21:45 NZ Producer Prices n/a n/a
11/15/2009 23:50 JPN GDP (QoQ) 0.7% 0.6%
11/16/2009 00:01 UK Rightmove House Prices (YoY) n/a 0.2%
11/16/2009 07:00 EU EU 25 New Car Registrations n/a 6.3%
11/16/2009 10:00 EU Euro-Zone CPI – Core (YoY) 1.1% 1.2%
11/16/2009 13:30 CA Manufacturing Sales MoM n/a -2.1%
11/16/2009 13:30 US Advance Retail Sales 0.9% -1.5%
11/16/2009 13:30 US Empire Manufacturing 30.00 34.57
11/16/2009 15:00 US Business Inventories -0.6% -1.5%
11/16/2009 23:50 JPN Tertiary Industry Index (MoM) n/a 0.3%
11/17/2009 09:30 UK Core CPI (YoY) n/a 1.7%
11/17/2009 10:00 EU Euro-Zone Trade Balance n/a -4.0B
11/17/2009 13:30 US PPI (YoY) n/a -4.8%
11/17/2009 14:00 US Total Net TIC Flows n/a $10.2B
11/17/2009 14:15 US Industrial Production 0.3% 0.7%
11/17/2009 18:00 US NAHB Housing Market Index 19 18
11/17/2009 22:00 US ABC Consumer Confidence n/a n/a
11/17/2009 22:05 AUS Australian Central Bank Official Debelle Speaks in Sydney n/a n/a
11/18/2009 00:00 AUS Westpac Leading Index (MoM) n/a 1.1%
11/18/2009 00:30 AUS Wage Cost Index YoY n/a 3.8%
11/18/2009 06:00 JPN Machine Tool Orders (YoY) n/a n/a
11/18/2009 09:00 EU ECB Euro-Zone Current Account n/a -1.3B
11/18/2009 09:30 UK Bank of England Minutes n/a n/a
11/18/2009 10:00 EU Construction Output WDA YoY n/a -11.3%
11/18/2009 11:00 UK U.K. CBI November Industrial Trends Total Orders n/a n/a
11/18/2009 12:00 CA CPI YoY n/a -0.9%
11/18/2009 13:30 US CPI (YoY) -0.2% -1.3%
11/19/2009 00:30 AUS RBA Foreign Exchange Transactn n/a 830M
11/19/2009 01:00 AUS Australian Central Bank Official Guy Debelle Speaks in Sydney n/a n/a
11/19/2009 04:00 JPN BoJ Monetary Policy Meeting n/a n/a
11/19/2009 04:30 JPN All Industry Activity Index (MoM) n/a 0.9%
11/19/2009 05:00 JPN Coincident Index CI n/a 92.5
11/19/2009 09:30 UK Retail Sales (YoY) n/a 2.4%
11/19/2009 10:00 EU OECD November Economic Outlook (Table) n/a n/a
11/19/2009 13:30 CA Int’l Securities Transactions n/a 5.082B
11/19/2009 13:30 US Initial Jobless Claims n/a n/a
11/19/2009 13:30 US Continuing Claims n/a n/a
11/19/2009 14:00 US RPX Composite 28dy YoY n/a -9.76%
11/19/2009 15:00 US Philadelphia Fed. 12.0 11.5
11/20/2009 02:00 NZ Credit Card Spending (YoY) n/a -2.3%
11/20/2009 07:00 JPN Convenience Store Sales YoY n/a -5.6%
11/20/2009 07:00 GE Producer Prices (YoY) n/a -7.6%

* Times listed are GMT

Forex Economic Calendar

Nov 08, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
11/9/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a 4.4%
11/9/2009 03:20 AUS Australian Central Bank Asst. Governor Lowe Speaks in Perth n/a n/a
11/9/2009 07:00 GE Trade Balance 11.3B 8.1B
11/9/2009 09:30 EU Sentix Investor Confidence -12.0 -12.6
11/9/2009 11:00 GE Industrial Prod. YoY (nsa wda) -14.4% -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 YEN1510.0B YEN1171.2B
11/10/2009 00:00 US Speech–Governor Daniel K. Tarullo n/a n/a
11/10/2009 00:01 UK RICS House Price Balance 28% 22.0%
11/10/2009 00:30 AUS NAB Business Conditions n/a 3
11/10/2009 04:30 JPN Bankruptcies (YoY) n/a -18.0%
11/10/2009 06:00 JPN Machine Tool Orders (YoY) n/a -62.1%
11/10/2009 07:00 GE CPI (YoY) 0.0% 0.0%
11/10/2009 09:30 UK Total Trade Balance (GBP/Mln) -GBP2200 -GBP2318
11/10/2009 10:00 GE ZEW Surveys n/a n/a
11/10/2009 12:30 US NFIB Small Business Optimism n/a 88.8
11/10/2009 15:00 US IBD/TIPP Economic Optimism 49.5 48.7
11/10/2009 20:30 US Speech–Governor Daniel K. Tarullo n/a n/a
11/10/2009 21:45 NZ Food Prices (MoM) n/a -0.7%
11/10/2009 22:00 US ABC Consumer Confidence n/a -49
11/10/2009 23:30 AUS Westpac Consumer Confidence n/a 1.7%
11/10/2009 23:50 JPN Machine Orders YoY% -26.3% -26.5%
11/11/2009 09:30 UK ILO Unemployment Rate 8.0% 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) 0.4% 1.1%
11/11/2009 23:50 JPN Domestic CGPI (MoM) -0.1% 0.1%
11/11/2009 23:50 JPN Domestic CGPI (YoY) -6.0% -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 -10.0K 40.6K
11/12/2009 00:30 AUS Participation Rate 65.2% 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 10:00 EU Euro-Zone Ind Prod. wda YoY -14.1% -15.4%
11/12/2009 13:30 US Initial Jobless Claims 510K 512K
11/12/2009 13:30 US Continuing Claims 5700K 5749K
11/12/2009 13:30 CA New Housing Price Index MoM 0.2% 0.1%
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 40.5 40.7
11/13/2009 07:00 GE GDP nsa (YoY) -5.0% -7.1%
11/13/2009 10:00 EU Euro-Zone GDP s.a. (YoY) -3.9% -4.8%
11/13/2009 13:30 US Trade Balance -$32.0B -$30.7B
11/13/2009 13:30 CA Int’l Merchandise Trade -1.7B -2.0B
11/13/2009 15:00 US U. of Michigan Confidence 71.0 70.6
11/15/2009 21:30 NZ New Zealand’s Performance of Services Index n/a n/a
11/15/2009 21:45 NZ Producer Prices n/a n/a
11/15/2009 23:50 JPN GDP (QoQ) 0.7% 0.6%
11/16/2009 00:01 UK Rightmove House Prices (YoY) n/a 0.2%
11/16/2009 07:00 EU EU 25 New Car Registrations n/a 6.3%
11/16/2009 10:00 EU Euro-Zone CPI – Core (YoY) 1.1% 1.2%
11/16/2009 13:30 CA Manufacturing Sales MoM n/a -2.1%
11/16/2009 13:30 US Advance Retail Sales 0.9% -1.5%
11/16/2009 13:30 US Empire Manufacturing 30.00 34.57
11/16/2009 15:00 US Business Inventories -0.6% -1.5%
11/16/2009 23:50 JPN Tertiary Industry Index (MoM) n/a 0.3%
11/17/2009 09:30 UK Core CPI (YoY) n/a 1.7%
11/17/2009 10:00 EU Euro-Zone Trade Balance n/a -4.0B
11/17/2009 13:30 US PPI (YoY) n/a -4.8%
11/17/2009 14:00 US Total Net TIC Flows n/a $10.2B
11/17/2009 14:15 US Industrial Production 0.3% 0.7%
11/17/2009 18:00 US NAHB Housing Market Index 19 18
11/17/2009 22:00 US ABC Consumer Confidence n/a n/a
11/17/2009 22:05 AUS Australian Central Bank Official Debelle Speaks in Sydney n/a n/a
11/18/2009 00:00 AUS Westpac Leading Index (MoM) n/a 1.1%
11/18/2009 00:30 AUS Wage Cost Index YoY n/a 3.8%
11/18/2009 06:00 JPN Machine Tool Orders (YoY) n/a n/a
11/18/2009 09:00 EU ECB Euro-Zone Current Account n/a -1.3B
11/18/2009 09:30 UK Bank of England Minutes n/a n/a
11/18/2009 10:00 EU Construction Output WDA YoY n/a -11.3%
11/18/2009 11:00 UK U.K. CBI November Industrial Trends Total Orders n/a n/a
11/18/2009 12:00 CA CPI YoY n/a -0.9%
11/18/2009 13:30 US CPI (YoY) -0.2% -1.3%
11/19/2009 00:30 AUS RBA Foreign Exchange Transactn n/a 830M
11/19/2009 01:00 AUS Australian Central Bank Official Guy Debelle Speaks in Sydney n/a n/a
11/19/2009 04:00 JPN BoJ Monetary Policy Meeting n/a n/a
11/19/2009 04:30 JPN All Industry Activity Index (MoM) n/a 0.9%
11/19/2009 05:00 JPN Coincident Index CI n/a 92.5
11/19/2009 09:30 UK Retail Sales (YoY) n/a 2.4%
11/19/2009 10:00 EU OECD November Economic Outlook (Table) n/a n/a
11/19/2009 13:30 CA Int’l Securities Transactions n/a 5.082B
11/19/2009 13:30 US Initial Jobless Claims n/a n/a
11/19/2009 13:30 US Continuing Claims n/a n/a
11/19/2009 14:00 US RPX Composite 28dy YoY n/a -9.76%
11/19/2009 15:00 US Philadelphia Fed. 12.0 11.5
11/20/2009 02:00 NZ Credit Card Spending (YoY) n/a -2.3%
11/20/2009 07:00 JPN Convenience Store Sales YoY n/a -5.6%
11/20/2009 07:00 GE Producer Prices (YoY) n/a -7.6%

* Times listed are GMT

Currency Technical Report

Nov 08, 2009 in Grow Financially, Investment Protection, Opportunities

Euro moved after Friday’ announcement according to our scenario..The upward break of the sideways formation, which is clear in the hourly chart, confirms the short term uptrend and technically leads to 1,5000 and then at previous tops? The reach of the upper Bollinger in the daily chart and a sideways…

11-9 Economic Calendar

Nov 08, 2009 in Grow Financially, Opportunities

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11-9 Economic Calendar

Nov 08, 2009 in Grow Financially, Opportunities

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