Archive for December 27th, 2009

 

USD/JPY Mid-Day Outlook

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

Intraday bias in USD/JPY remains neutral for the moment. Retreat from 91.86 could continue and might have another fall to 4 hours 55 EMA (now at 90.62). But after all, another rise is still in favor as long as 88.96 support holds. Above 91.86 will target 92.31 resistance first and…

USD/CHF Mid-Day Outlook

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

Intraday bias in USD/CHF remains mildly on the downside with 1.0403 minor resistance intact. Correction from 1.0506 is still in progress and might extend beyond 38.2% retracement of 0.9959 to 1.0506 at 1.0297. Nevertheless, downside is expected to be contained well above 1.0175 cluster support (61.8% retracement of 0.9959 to…

GBP/USD Daily Outlook

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

No change in GBP/USD’s outlook. Intraday bias remains neutral for the moment and consolidations form 1.5919 might extend further. Another rise to 4 hours 55 EMA (now at 1.6099) cannot be ruled out. But after all, upside should be limited well below 1.6408 resistance and bring fall resumption. Current decline…

EUR/USD Mid-Day Outlook

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

EUR/USD’s rebound from 1.4127 is still in progress and further rise could be seen to 38.2% retracement of 1.5143 to 1.4217 at 1.4571. Nevertheless, upside should be limited by 61.8% retracement at 1.4789 and bring fall resumption. Below 1.4217 will target 38.2% retracement of 1.2329 to 1.5143 at 1.4068 next….

Mid-Day Report: Dollar Soft as Stocks, Gold, Oil Remain Firm

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

Dollar remains soft in early US session as consolidations continues. Strength in gold is giving some pressure to the greenback as the precious metal is holding firm above 1100 level. In addition, crude oil is support by rally in equities and is staying above 78 level. Note that the strength…

Momentum Remains Light

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

The currency market came to a standstill during European trading hours, after a smoothly trending Asian session that had the dollar sold. The range-bound trading pattern is in-line with the light trading volumes observed overnight, which did not allow the market to move anywhere decisively, or at least to test…

Forex Economic Calendar

Dec 27, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
12/28/2009 00:01 UK Hometrack Housing Survey (YoY) n/a -2.9%
12/28/2009 01:30 JPN Labor Cash Earnings YoY -1.8% -1.9%
12/28/2009 15:30 US Dallas Fed Manf. Activity 2.0% 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 07:00 UK Nat’wide House prices nsa (YoY) 5.6% 2.7%
12/31/2009 13:30 US Initial Jobless Claims 460K 452K
12/31/2009 13:30 US Continuing Claims 5100K 5076K
12/31/2009 15:00 US NAPM-Milwaukee 57.0 57.0
12/31/2009 21:15 US Bloomberg FCI Monthly n/a n/a
1/4/2010 08:55 GE PMI Manufacturing 53.1 53.1
1/4/2010 09:00 EU PMI Manufacturing 51.6 51.2
1/4/2010 09:30 UK M4 Money Supply (YoY) n/a 9.2%
1/4/2010 09:30 EU Sentix Investor Confidence n/a -5.5
1/4/2010 15:00 US ISM Prices Paid 56.0 55.0
1/4/2010 23:50 JPN Monetary Base (YoY) n/a 3.8%
1/5/2010 00:00 AUS HIA New Home Sales n/a -6.0%
1/5/2010 05:00 JPN Vehicle Sales (YoY) n/a 36.0%
1/5/2010 08:55 GE Unemployment Change (000′s) 5K -7K
1/5/2010 09:30 UK PMI Construction 47.5 47.0
1/5/2010 10:00 EU Euro-Zone CPI Estimate (YoY) 0.9% 0.6%
1/5/2010 13:30 CA Industrial Product Price MoM 0.5% -0.3%
1/5/2010 15:00 US Factory Orders 0.5% 0.6%
1/5/2010 22:00 US ABC Consumer Confidence n/a n/a
1/6/2010 00:01 UK BRC December Shop Price Index n/a n/a
1/6/2010 01:30 AUS Building Approvals (YoY) n/a 11.7%
1/6/2010 08:55 GE PMI Services 53.1 53.1
1/6/2010 09:00 EU PMI Services 53.7 53.0
1/6/2010 09:30 UK Official Reserves (Changes) n/a $1947M
1/6/2010 10:00 EU Euro-Zone PPI (YoY) -4.6% -6.7%
1/6/2010 12:30 US Challenger Job Cuts YoY n/a -72.3%
1/6/2010 13:15 US ADP Employment Change -75K -169K
1/6/2010 15:00 US ISM Non-Manf. Composite 50.3 48.7
1/6/2010 21:45 NZ Trade Balance n/a -487M
1/7/2010 00:30 AUS Retail Sales s.a. (MoM) n/a n/a
1/7/2010 01:30 AUS Trade Balance n/a -2379M
1/7/2010 05:39 AUS Foreign Reserves n/a 45.9B
1/7/2010 10:00 EU Euro-Zone Retail Sales (YoY) -1.8% -1.9%
1/7/2010 11:00 GE Factory Orders YoY (nsa) -0.4% -8.5%
1/7/2010 12:00 UK BOE ANNOUNCES RATES 0.50% 0.50%
1/7/2010 13:30 US Initial Jobless Claims n/a n/a
1/7/2010 13:30 US Continuing Claims n/a n/a
1/7/2010 15:00 CA Ivey Purchasing Managers Index 51.0 55.9
1/8/2010 05:00 JPN Leading Index CI n/a 89.4
1/8/2010 07:00 GE Trade Balance 12.5B 13.6B
1/8/2010 09:30 UK PPI Output Core NSA 1.9% 2.0%
1/8/2010 10:00 EU Euro-Zone Unemployment Rate 9.9% 9.8%
1/8/2010 11:00 GE Industrial Prod. YoY (nsa wda) -8.0% -12.4%
1/8/2010 12:00 CA Net Change in Employment 20.0K 79.1K
1/8/2010 13:30 US Change in Nonfarm Payrolls -10K -11K
1/8/2010 15:00 US Wholesale Inventories -0.3% 0.3%
1/8/2010 20:00 US Consumer Credit -$5.0B -$3.5B

* Times listed are GMT

Calmness in Currency Market

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

The Japanese yen and U.S. dollar plunged versus other major currencies in narrow-range trading day, amid holidays ahead of the year-end. Meanwhile, there are hopes of recovery from major economies after the strong data released recently. Japanese industrial production rose in November and China raised its economic growth projections today….

Holidays In New Zealand, Australia and UK Keeps Trading Subdued

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

FX markets are little changed from last week, as participants seem content to let the year wind down. The Asian session was thinned by holidays in Australia and New Zealand, but overall risk correlated trade faired well. The EURUSD has been range trading between 1.4355-1.4405 while USDJPY is trading in…

European Market Update

Dec 27, 2009 in Grow Financially, Investment Protection, Opportunities

Subdued trading was the theme as various centers around the globe continued to celebrate public holidays. The USD was little changed from its opening levels in Asia and continued to consolidate its recent gains against the major pairs. Dealers did note that despite rising and widening yields the dollar seemed…