Archive for December 20th, 2009

 

Busy Week for the U.S Economy ahead of the Christmas Holiday…

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

So far, the world’s superpower economy is improving gradually along with an overall enhancement of the consumer spending and a recent upgrading in housing market activity, since it was stated throughout the FOMC last meeting. While tight credit conditions and the present deteriorating labor market, continue to weigh down on…

USD Mixed in Thin Trade, Focus on EUR/CHF

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading mixed to lower to start the week as equity markets trade higher, the CHF trades at a nine month high versus the EUR then falls sharply, CHF decline generates speculation of SNB intervention, JPY trades lower as Japan’s exports fall 6.2%, GBP pressured by CBI report…

Thin Trading In The Currency Market

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

The major pairs saw some action during the European session, after a flat Asian session, but little of it looked sustainable. As seen in the equity and in the commodity markets, the trading volume remained thin throughout the Asian and the European sessions, most likely due to upcoming Christmas and…

Shaky Start to Forex Trading

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

There is no single particular theme to help crystallize traders views at the start of what might be a dull trading week in the run-up to the Christmas holiday period. Many consumers preferred the safety of indoors to a trek to the mall in hazardous weekend weather conditions after a…

Dollar Rises on Economic Optimism as Concerns Mount on the European Credit Costs

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

The greenback traded on a high against the euro as signs that a recovery in the world?s largest economy is gaining traction and concern credit costs in Europe may widen bolstered demand for the U.S currency. The dollar may extend its biggest weekly rally since June against a basket of…

FX Thoughts for the Day

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

After spiking and recording a high of 1.0482 during the day, Swiss has fallen once again and is now trading just above 1.0400. The Resistance 1.0480-95 region has held as expected and we expect it to hold in today’s US session also as the pair is continuing to show less…

Forex Economic Calendar

Dec 20, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/21/2009 00:30 AUS New Motor Vehicle Sales YoY n/a 3.3%
12/21/2009 02:00 NZ Credit Card Spending (YoY) n/a -0.4%
12/21/2009 04:30 JPN All Industry Activity Index (MoM) 1.0% -0.6%
12/21/2009 05:00 JPN BOJ Monthly Report n/a n/a
12/21/2009 13:30 CA Retail Sales MoM 0.8% 1.0%
12/21/2009 13:30 US Chicago Fed Nat Activity Index n/a -1.08
12/21/2009 21:45 NZ Current Account Balance -2.030B 0.124B
12/21/2009 23:00 AUS Conference Board Leading Index n/a 0.3%
12/22/2009 05:00 JPN Small Business Confidence n/a 43.0
12/22/2009 07:00 GE GfK Consumer Confidence Survey 3.5 3.7
12/22/2009 09:30 UK GDP (YoY) -4.9% -5.1%
12/22/2009 09:30 UK Current Account (BP) -8.2B -11.4B
12/22/2009 13:30 US GDP Price Index 0.5% 0.5%
12/22/2009 15:00 US Richmond Fed Manufact. Index 4 1
12/22/2009 21:45 NZ GDP YoY n/a -2.1%
12/22/2009 22:00 US ABC Consumer Confidence n/a n/a
12/23/2009 09:30 UK Bank of England Minutes n/a n/a
12/23/2009 10:00 EU Industrial New Orders SA (YoY) n/a -16.5%
12/23/2009 13:00 GE IFO Dec. Business Climate Survey by Industry (Table) n/a n/a
12/23/2009 13:30 CA GDP MoM 0.3% 0.4%
12/23/2009 13:30 US PCE Core (YoY) 1.5% 1.4%
12/23/2009 15:00 US U. of Michigan Confidence 73.7 73.4
12/23/2009 23:50 JPN BoJ Monetary Policy Meeting Minutes for May n/a n/a
12/24/2009 13:30 US Durable Goods Orders 0.2% -0.6%
12/24/2009 13:30 US Initial Jobless Claims 470K 480K
12/24/2009 13:30 US Continuing Claims 5175K 5186K
12/24/2009 23:30 JPN Natl CPI YoY -2.0% -2.5%
12/24/2009 23:50 JPN Corp Service Price (YoY) -2.0% -2.2%
12/25/2009 04:00 JPN Vehicle Production (YoY) n/a -19.1%
12/25/2009 05:00 JPN Construction Orders (YoY) n/a -40.1%
12/27/2009 23:50 JPN Industrial Production YoY% n/a -15.1%
12/28/2009 00:01 UK Hometrack Housing Survey (YoY) n/a -2.9%
12/28/2009 01:30 JPN Labor Cash Earnings YoY n/a -1.9%
12/28/2009 15:30 US Dallas Fed Manf. Activity n/a 0.3%
12/29/2009 09:30 UK BoE Housing Equity Withdrawl -GBP5.8B -GBP7.0B
12/29/2009 14:00 US S&P/CS Composite-20 YoY -7.3% -9.36%
12/29/2009 15:00 US Consumer Confidence 52.8 49.5
12/29/2009 22:00 US ABC Consumer Confidence n/a n/a
12/29/2009 23:15 JPN Nomura/JMMA Manufacturing PM n/a 52.3
12/30/2009 02:00 NZ Money Supply M3 YoY n/a 0.8%
12/30/2009 09:00 EU Euro-Zone M3 s.a. (YoY) 0.3% 0.3%
12/30/2009 14:45 US Chicago Purchasing Manager 55.0 56.1
12/31/2009 00:30 AUS Private Sector Credit YoY% n/a 1.1%
12/31/2009 13:30 US Initial Jobless Claims n/a n/a
12/31/2009 13:30 US Continuing Claims n/a n/a
12/31/2009 15:00 US NAPM-Milwaukee n/a 57.0
12/31/2009 21:15 US Bloomberg FCI Monthly n/a n/a

* Times listed are GMT

Forex Economic Calendar

Dec 20, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/21/2009 00:30 AUS New Motor Vehicle Sales YoY n/a 3.3%
12/21/2009 02:00 NZ Credit Card Spending (YoY) n/a -0.4%
12/21/2009 04:30 JPN All Industry Activity Index (MoM) 1.0% -0.6%
12/21/2009 05:00 JPN BOJ Monthly Report n/a n/a
12/21/2009 13:30 CA Retail Sales MoM 0.8% 1.0%
12/21/2009 13:30 US Chicago Fed Nat Activity Index n/a -1.08
12/21/2009 21:45 NZ Current Account Balance -2.030B 0.124B
12/21/2009 23:00 AUS Conference Board Leading Index n/a 0.3%
12/22/2009 05:00 JPN Small Business Confidence n/a 43.0
12/22/2009 07:00 GE GfK Consumer Confidence Survey 3.5 3.7
12/22/2009 09:30 UK GDP (YoY) -4.9% -5.1%
12/22/2009 09:30 UK Current Account (BP) -8.2B -11.4B
12/22/2009 13:30 US GDP Price Index 0.5% 0.5%
12/22/2009 15:00 US Richmond Fed Manufact. Index 4 1
12/22/2009 21:45 NZ GDP YoY n/a -2.1%
12/22/2009 22:00 US ABC Consumer Confidence n/a n/a
12/23/2009 09:30 UK Bank of England Minutes n/a n/a
12/23/2009 10:00 EU Industrial New Orders SA (YoY) n/a -16.5%
12/23/2009 13:00 GE IFO Dec. Business Climate Survey by Industry (Table) n/a n/a
12/23/2009 13:30 CA GDP MoM 0.3% 0.4%
12/23/2009 13:30 US PCE Core (YoY) 1.5% 1.4%
12/23/2009 15:00 US U. of Michigan Confidence 73.7 73.4
12/23/2009 23:50 JPN BoJ Monetary Policy Meeting Minutes for May n/a n/a
12/24/2009 13:30 US Durable Goods Orders 0.2% -0.6%
12/24/2009 13:30 US Initial Jobless Claims 470K 480K
12/24/2009 13:30 US Continuing Claims 5175K 5186K
12/24/2009 23:30 JPN Natl CPI YoY -2.0% -2.5%
12/24/2009 23:50 JPN Corp Service Price (YoY) -2.0% -2.2%
12/25/2009 04:00 JPN Vehicle Production (YoY) n/a -19.1%
12/25/2009 05:00 JPN Construction Orders (YoY) n/a -40.1%
12/27/2009 23:50 JPN Industrial Production YoY% n/a -15.1%
12/28/2009 00:01 UK Hometrack Housing Survey (YoY) n/a -2.9%
12/28/2009 01:30 JPN Labor Cash Earnings YoY n/a -1.9%
12/28/2009 15:30 US Dallas Fed Manf. Activity n/a 0.3%
12/29/2009 09:30 UK BoE Housing Equity Withdrawl -GBP5.8B -GBP7.0B
12/29/2009 14:00 US S&P/CS Composite-20 YoY -7.3% -9.36%
12/29/2009 15:00 US Consumer Confidence 52.8 49.5
12/29/2009 22:00 US ABC Consumer Confidence n/a n/a
12/29/2009 23:15 JPN Nomura/JMMA Manufacturing PM n/a 52.3
12/30/2009 02:00 NZ Money Supply M3 YoY n/a 0.8%
12/30/2009 09:00 EU Euro-Zone M3 s.a. (YoY) 0.3% 0.3%
12/30/2009 14:45 US Chicago Purchasing Manager 55.0 56.1
12/31/2009 00:30 AUS Private Sector Credit YoY% n/a 1.1%
12/31/2009 13:30 US Initial Jobless Claims n/a n/a
12/31/2009 13:30 US Continuing Claims n/a n/a
12/31/2009 15:00 US NAPM-Milwaukee n/a 57.0
12/31/2009 21:15 US Bloomberg FCI Monthly n/a n/a

* Times listed are GMT

AUDUSD: Loss Of The 0.8904 Level To Trigger Further Downside

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

The pair was seen heading towards its last week low at 0.8808 in early trading today suggesting another foray to the downside could be seen again. We would like to see a firm hold below the 0.8904 level, which should convince the market of further downside weakness following its past…

EURGBP: Focus Remains On The 0.8832 Level

Dec 20, 2009 in Grow Financially, Investment Protection, Opportunities

The cross maintained a third consecutive week of downside losses the past week breaking and hold below the 0.8970 level, its Nov 25?09 low to close lower at 0.8880. This development has left downside risk towards its Nov 17?09 low at 0.8832. The latter level is expected to cap declines…