Archive for December 4th, 2009

 

USD/CAD Weekly Outlook

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

USD/CAD turned into choppy sideway trading after edging lower to 1.0405 last week. While the rebound on Friday’s was strong, it’s still limited below 1.0610 minor resistance and thus, there is no confirmation that fall from 1.0748 has completed. Another fall could still be seen and below 1.0434 will target…

EUR/GBP Weekly Outlook

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

EUR/GBP pulled back after edging higher to 0.9153 initially last week and the correction is possibly still in progress. Nevertheless, rise from 0.8833 is still expected to continue as long as 0.8977 support holds. Above 0.9115 minor resistance will flip intraday bias back to the upside and break of 0.9153…

EUR/CHF Weekly Outlook

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

No change in EUR/CHF’s mixed outlook so far and more choppy sideway trading could be seen between 1.5010 and 1.5145. But still we’d expect 1.5007 support to hold. And, break of 1.5145 resistance will argue that recent choppy fall has completed and target 1.5238 resistance next.

EUR/JPY Weekly Outlook

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

EUR/JPY’s rebound from 126.88 extended further to as high as 134.54 last week and closed strongly. Initial bias will remain on the upside this week and further rise should be seen to 135.68 resistance first and possibly further to upper side of the medium term range at 139.21. On the…

GBP/JPY Weekly Outlook

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

GBP/JPY’s rebound from 139.26 was much stronger than expected and suggests that consolidation from 139.69 is still in progress with the current rise as the third wave. Initial bias is on the upside this week and GBP/JPY could now target 153.21 resistance. Nevertheless, the rise from 139.26 should be limited…

Forex Economic Calendar

Dec 04, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/6/2009 22:30 AUS AiG Perf of Construction Index n/a 50.9
12/7/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a -1.7%
12/7/2009 11:00 GE Factory Orders YoY (nsa) n/a -13.1%
12/7/2009 13:30 CA Building Permits MoM n/a 1.6%
12/7/2009 20:00 US Consumer Credit -$9.7B -$14.8B
12/7/2009 21:45 NZ Manufacturing Activity n/a -4.8%
12/7/2009 23:50 JPN Current Account Total n/a -¥1567.9B
12/8/2009 00:01 UK RICS House Price Balance n/a 34.0%
12/8/2009 00:30 AUS Current Account Balance n/a -13347M
12/8/2009 05:00 JPN Leading Index CI n/a 86.4
12/8/2009 05:30 AUS Foreign Reserves n/a 48.5B
12/8/2009 08:15 AUS Australian Central Bank Governor Stevens Speaks in Sydney n/a n/a
12/8/2009 09:30 UK Industrial Production (YoY) n/a -10.3%
12/8/2009 10:00 GE Industrial Prod. (YoY) (nsa wda) n/a -12.9%
12/8/2009 11:01 NZ New Zealand Manpower Survey n/a n/a
12/8/2009 11:30 US NFIB Small Business Optimisim n/a n/a
12/8/2009 12:30 UK U.K. Pre-Budget Report Published n/a n/a
12/8/2009 13:00 AUS Australia Manpower Survey n/a 9%
12/8/2009 13:15 CA Housing Starts n/a 157.4K
12/8/2009 14:00 CA Bank of Canada Rate 0.25% 0.25%
12/8/2009 15:00 US IBD/TIPP Economic Optimisim n/a 47.9
12/8/2009 15:00 UK Wholesale Inventories -0.5% -0.9%
12/8/2009 21:45 NZ NZ Card Spending (MoM) n/a -0.2
12/8/2009 22:00 US ABC Consumer Confidence n/a n/a
12/8/2009 23:30 AUS Westpac Cons. Confidence Index n/a n/a
12/8/2009 23:50 JPN Gross Domestic Product (QoQ) n/a 1.2%
12/9/2009 00:01 UK Nationwide Consumer Confidence n/a 72
12/9/2009 00:30 AUS Trade Balance n/a -1849M
12/9/2009 07:00 GE Trade Balance n/a 10.6B
12/9/2009 09:30 UK Total Trade Balance (GBP/Mln) n/a -£3469
12/9/2009 10:30 UK BRC November Shop Price Index n/a n/a
12/9/2009 11:00 UK U.K. CBI December Industrial Trends Total Orders n/a n/a
12/9/2009 20:00 NZ RBNZ Official Cash Rate 2.50% 2.50%
12/9/2009 21:45 NZ Terms of Trade Index (QoQ) n/a -9.0%
12/9/2009 23:50 JPN Machine Orders YoY% n/a -22%
12/10/2009 00:00 AUS Consumer Inflation Expectation n/a 3.2%
12/10/2009 00:30 AUS Employment Change n/a 24.5K
12/10/2009 01:00 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 01:45 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 09:00 EU ECB Publishes Dec. Monthly Report (Text) n/a n/a
12/10/2009 12:00 UK BOE ANNOUNCES RATES 0.5% 0.5%
12/10/2009 13:30 CA Int’l Mechandise Trade n/a -0.9B
12/10/2009 13:30 US Trade Balance -$36.7B -$36.5B
12/10/2009 13:30 US Initial Jobless Claims n/a n/a
12/10/2009 13:30 US Continuing Claims n/a n/a
12/10/2009 19:00 US Monthly Budget Statement -$135B -$176.4B
12/10/2009 21:45 NZ Food Prices (MoM) n/a -1.5%
12/11/2009 13:30 CA New Housing Price Index MoM n/a 0.5%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Advance Retail Sales 0.4% 1.4%
12/11/2009 15:00 US U. Of Michigan Confidence 68.9 67.4
12/12/2009 05:00 JPN Consumer Confidence n/a 40.8
12/12/2009 09:30 UK PPI Input NSA (YoY) n/a 0.1%

* Times listed are GMT

Forex Economic Calendar

Dec 04, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/6/2009 22:30 AUS AiG Perf of Construction Index n/a 50.9
12/7/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a -1.7%
12/7/2009 11:00 GE Factory Orders YoY (nsa) n/a -13.1%
12/7/2009 13:30 CA Building Permits MoM n/a 1.6%
12/7/2009 20:00 US Consumer Credit -$9.7B -$14.8B
12/7/2009 21:45 NZ Manufacturing Activity n/a -4.8%
12/7/2009 23:50 JPN Current Account Total n/a -¥1567.9B
12/8/2009 00:01 UK RICS House Price Balance n/a 34.0%
12/8/2009 00:30 AUS Current Account Balance n/a -13347M
12/8/2009 05:00 JPN Leading Index CI n/a 86.4
12/8/2009 05:30 AUS Foreign Reserves n/a 48.5B
12/8/2009 08:15 AUS Australian Central Bank Governor Stevens Speaks in Sydney n/a n/a
12/8/2009 09:30 UK Industrial Production (YoY) n/a -10.3%
12/8/2009 10:00 GE Industrial Prod. (YoY) (nsa wda) n/a -12.9%
12/8/2009 11:01 NZ New Zealand Manpower Survey n/a n/a
12/8/2009 11:30 US NFIB Small Business Optimisim n/a n/a
12/8/2009 12:30 UK U.K. Pre-Budget Report Published n/a n/a
12/8/2009 13:00 AUS Australia Manpower Survey n/a 9%
12/8/2009 13:15 CA Housing Starts n/a 157.4K
12/8/2009 14:00 CA Bank of Canada Rate 0.25% 0.25%
12/8/2009 15:00 US IBD/TIPP Economic Optimisim n/a 47.9
12/8/2009 15:00 UK Wholesale Inventories -0.5% -0.9%
12/8/2009 21:45 NZ NZ Card Spending (MoM) n/a -0.2
12/8/2009 22:00 US ABC Consumer Confidence n/a n/a
12/8/2009 23:30 AUS Westpac Cons. Confidence Index n/a n/a
12/8/2009 23:50 JPN Gross Domestic Product (QoQ) n/a 1.2%
12/9/2009 00:01 UK Nationwide Consumer Confidence n/a 72
12/9/2009 00:30 AUS Trade Balance n/a -1849M
12/9/2009 07:00 GE Trade Balance n/a 10.6B
12/9/2009 09:30 UK Total Trade Balance (GBP/Mln) n/a -£3469
12/9/2009 10:30 UK BRC November Shop Price Index n/a n/a
12/9/2009 11:00 UK U.K. CBI December Industrial Trends Total Orders n/a n/a
12/9/2009 20:00 NZ RBNZ Official Cash Rate 2.50% 2.50%
12/9/2009 21:45 NZ Terms of Trade Index (QoQ) n/a -9.0%
12/9/2009 23:50 JPN Machine Orders YoY% n/a -22%
12/10/2009 00:00 AUS Consumer Inflation Expectation n/a 3.2%
12/10/2009 00:30 AUS Employment Change n/a 24.5K
12/10/2009 01:00 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 01:45 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 09:00 EU ECB Publishes Dec. Monthly Report (Text) n/a n/a
12/10/2009 12:00 UK BOE ANNOUNCES RATES 0.5% 0.5%
12/10/2009 13:30 CA Int’l Mechandise Trade n/a -0.9B
12/10/2009 13:30 US Trade Balance -$36.7B -$36.5B
12/10/2009 13:30 US Initial Jobless Claims n/a n/a
12/10/2009 13:30 US Continuing Claims n/a n/a
12/10/2009 19:00 US Monthly Budget Statement -$135B -$176.4B
12/10/2009 21:45 NZ Food Prices (MoM) n/a -1.5%
12/11/2009 13:30 CA New Housing Price Index MoM n/a 0.5%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Advance Retail Sales 0.4% 1.4%
12/11/2009 15:00 US U. Of Michigan Confidence 68.9 67.4
12/12/2009 05:00 JPN Consumer Confidence n/a 40.8
12/12/2009 09:30 UK PPI Input NSA (YoY) n/a 0.1%

* Times listed are GMT

Negative Correlation Between USD and Stocks Over?

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

The dollar surged on Friday following good news from the US labor market. US nonfarm payrolls fell only 11K in November, much better than expectations. Treasury bonds, gold and commodity prices fell. US stocks and greenback initially rose in tandem, but falling commodity prices and rising interest rates pressured equities….

Dec 4th 2009 Weekend Forex Technical Review and Preview for next weeks trading

Dec 04, 2009 in Grow Financially, Opportunities

Click here to view the embedded video.

Dec 4th 2009 Weekend Forex Technical Review and Preview for next weeks trading

Dec 04, 2009 in Grow Financially, Opportunities

Click here to view the embedded video.