Archive for December 6th, 2009

 

Did Anyone Seen Goldilocks?

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

The dollar index is up almost 0.2% as European stock indices fall in response to a few more Dubai-related tremors. Local markets slumped almost 7% as Arab investors watched the Dubai World debt rescheduling process unfold. So there appears to be something of a whiff of risk-aversion back on the…

USD Trades at a Five Week High on Fed Rate Hike Talk

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading higher to start the week as global equity markets slump and investors digest the impact of Friday’s US employment report, better than expected US November unemployment suggests the US economic rebound may be stronger than expected and the Fed may hike rates sooner than most analysts…

Dollar Extends Gains In European Trade

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

Overall, the currency market experienced thin trading volume throughout the Sunday session, but around the European open the dollar index saw a wave of long orders hit. The long sided moves sent the index close to the 76.00 area, the highest value in two weeks. The dollar strength comes after…

Stocks Future Point Lower ahead of Opening

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

A quiet start for the week in the world’s leading economy following last week’s better than expected fundamentals released from the U.S, whereas the housing, manufacturing and labor sector all showed better conditions and validating the recovery is still on the way. Last week the U.S economy showed that the…

FX Thoughts for the Day

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

Cable has fallen further and breached the 8-MA (1.6362) on the monthly charts which had been providing strong Support last week. There’s next very prominent Support near 1.6250 which if broken may spell disaster for the pair. This is the trendline/ Triangle Support on the weekly candles. However, we would…

Forex Economic Calendar

Dec 06, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/7/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a -1.7%
12/7/2009 09:30 EU Sentix Investor Confidence n/a -7.0
12/7/2009 11:00 GE Factory Orders YoY (nsa) -6.2% -13.1%
12/7/2009 13:30 CA Building Permits MoM 1.0% 1.6%
12/7/2009 20:00 US Consumer Credit -$9.7B -$14.8B
12/7/2009 21:00 JPN Japan Manpower Survey n/a -6%
12/7/2009 21:45 NZ Manufacturing Activity n/a -4.8%
12/7/2009 23:01 GE Germany First Quarter Manpower Employment Outlook (Table) n/a n/a
12/7/2009 23:50 JPN Current Account Total ¥ 1483.2B ¥1567.9B
12/8/2009 00:01 UK BRC November Retail Sales Monitor n/a n/a
12/8/2009 00:30 AUS Current Account Balance -16650M -13347M
12/8/2009 04:30 JPN Bankruptcies (YoY) n/a -11.8%
12/8/2009 05:00 JPN Leading Index CI 88.7 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) -7.6% -10.3%
12/8/2009 11:00 GE Industrial Prod. (YoY) (nsa wda) -10.2% -12.9%
12/8/2009 11:00 UK U.K. CBI December Industrial Trends Total Orders n/a n/a
12/8/2009 11:01 NZ New Zealand Manpower Survey n/a n/a
12/8/2009 12:30 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 160.0K 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 48.5 47.9
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) 0.7% 1.2%
12/9/2009 00:01 UK Nationwide Consumer Confidence 70 72
12/9/2009 00:30 AUS Trade Balance -1805M -1849M
12/9/2009 06:00 JPN Machine Tool Orders n/a -42.5%
12/9/2009 07:00 GE Trade Balance 10.7B 10.6B
12/9/2009 09:30 UK Total Trade Balance (GBP/Mln) -£3175 -£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 12:30 UK U.K. Pre-Budget Report Published n/a n/a
12/9/2009 15:00 US Wholesale Inventories -0.5% -0.9%
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% -21.0% -22.0%
12/10/2009 00:00 AUS Consumer Inflation Expectation n/a 3.2%
12/10/2009 00:30 AUS Employment Change 5.0K 24.5K
12/10/2009 01:45 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 07:00 GE Wholesale Price Index (YoY) n/a -7.0%
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 -0.7B -0.9B
12/10/2009 13:30 US Trade Balance -$36.7B -$36.5B
12/10/2009 13:30 US Initial Jobless Claims 460K 457k
12/10/2009 13:30 US Continuing Claims 5431k 5465k
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 05:00 JPN Consumer Confidence n/a 40.8
12/11/2009 09:30 JPN PPI Output Core NSA (YoY 2.1% 2.0%
12/11/2009 09:30 UK PPI Input NSA (YoY) 0.3% 0.1%
12/11/2009 13:30 CA New Housing Price Index MoM 0.4% 0.5%
12/11/2009 13:30 US Import Price Index MoM 1.2% 0.7%
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
12/13/2009 21:30 NZ New Zealand’s Performance of Services Index n/a 0.2%
12/13/2009 21:45 NZ Retail Sales (MoM) n/a 0.2%
12/13/2009 23:50 JPN Tankan Lge Manufacturers Index n/a -33
12/14/2009 00:01 UK Rightmove House Prices (YoY) n/a 1.6%
12/14/2009 02:00 NZ Non Resident Bond Holdings n/a 71.2%
12/14/2009 04:00 JPN Tokyo Condominium Sales (YoY) n/a -20.0%
12/14/2009 04:30 JPN Industrial Production YoY% n/a -15.1%
12/14/2009 10:00 EU Eurozone Employment (YoY) n/a -1.8%
12/15/2009 00:30 AUS Reserve Bank’s Board December Minutes n/a n/a
12/15/2009 10:00 GE Zew Surveys n/a n/a
12/15/2009 13:30 CA Leading Indicators MoM n/a 0.7%
12/15/2009 13:30 US PPI (YoY) 1.5% -1.9%
12/15/2009 14:00 US Total Net TIC Flows n/a $133.5B
12/15/2009 14:15 US Industrial Production 0.4% 0.1%
12/15/2009 18:00 US NAHB Housing Market Index 18 17
12/15/2009 22:00 US ABC Consumer Confidence n/a n/a
12/15/2009 23:30 AUS Westpac Leading Index (MoM) n/a 0.4%
12/15/2009 23:50 JPN Tertiary Industry Index (MoM) n/a -0.5%
12/16/2009 00:00 AUS DEWR Skilled Vacancies MoM n/a 2.4%
12/16/2009 00:30 AUS GDP (YoY) n/a 0.6%
12/16/2009 01:15 AUS RBA Deputy Bank Governor Battellino speaks in Sydney n/a n/a
12/16/2009 06:00 JPN Machine Tool Orders (YoY) n/a n/a
12/16/2009 09:30 UK ILO Unemployment Rate (3mths) n/a 7.8%
12/16/2009 10:00 EU Euro-Zone CPI-Core (YoY) n/a 1.2%
12/16/2009 12:00 US Bloomberg Global Confidence n/a 60.30
12/16/2009 13:30 CA Manufacturing Sales MoM n/a 1.4%
12/16/2009 13:30 US Current Account Balance -$105.0B -$98.8B
12/16/2009 13:30 US CPI (YoY) 1.8% -0.2%
12/16/2009 19:15 US FOMC Rate Decision 0.25% 0.25%
12/17/2009 00:00 AUS HIA New Home Sales (MoM) n/a -6.0%
12/17/2009 00:00 JPN BOJ Target Rate n/a 0.10%
12/17/2009 00:30 AUS RBA Foreign Exchange Transactn n/a 307M
12/17/2009 02:00 NZ NBNZ Business Confidence n/a 43.4
12/17/2009 04:00 JPN BoJ Monetary Policy Meeting n/a n/a
12/17/2009 05:00 JPN Leading Index CI n/a n/a
12/17/2009 09:30 UK Retail Sales (YoY) n/a 3.4%
12/17/2009 10:00 EU Construction Output WDA YoY n/a -8.0%
12/17/2009 11:00 UK U.K. CBI December Distributive Trades n/a n/a
12/17/2009 12:00 CA CPI YoY n/a 0.1%
12/17/2009 13:30 CA Int’l Securities Transactions n/a 13.590B
12/17/2009 13:30 US Intitial Jobless Claims n/a n/a
12/17/2009 13:30 US Continuing Claims n/a n/a
12/17/2009 15:00 US Leading Indicators 0.7% 0.3%
12/17/2009 15:00 US Philadelphia Fed. 15.8 16.7
12/18/2009 07:00 GE Producer Prices (YoY) n/a -7.6%
12/18/2009 09:00 GE IFO Surveys n/a 98.9
12/18/2009 09:00 EU ECB Euro-Zone Current Account SA n/a -5.4B
12/18/2009 09:30 UK M4 Money Supply (YoY) n/a 10.8%
12/18/2009 10:00 EU Euro-Zone Trade Balance n/a 3.7B
12/18/2009 13:30 CA Wholesale Sales MoM n/a 0.2%

* Times listed are GMT

12-7 Economic Calendar

Dec 06, 2009 in Grow Financially, Opportunities

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London Session Recap

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

Strong demand for USDs swept the board in early European hours. The EUR, GBP, AUD, NZD and the CAD all fell sharply vs the greenback before a more consolidative tone set in mid-morning. The trigger for the move was the shockingly good US payrolls data last Friday; the incentive was…

Trade Idea: EUR/JPY – Buy at 132.35

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

The single currency surged to 134.54 last Friday, however, as price has retreated from there on profit-taking, suggesting initial consolidation would be seen and correction to 132.32 (50% Fibonacci retracement of 126.95 to 134.54) cannot be ruled out, however, reckon 131.93 (previous minor resistance) would contain downside and bring another…

Trade Idea: AUD/USD – Sell at 0.9200

Dec 06, 2009 in Grow Financially, Investment Protection, Opportunities

The aussie’s decline from 0.9324 turned out to be stronger than expected due to the broad-based rise in the greenback after Friday’s release of U.S. job reports, the 5-waver decline from there suggests the rebound from 0.8946 has possibly ended there and downside bias is seen for further fall towards…