Archive for February 25th, 2010

 

EUR/USD to Retest 1.3450

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

The near-term EUR/USD rally was held near 61.8% retracement (1.36). The stochastic is starting to crossover in the bearish zone, indicative of a market maintaining the bearish mode (SMA50

2-26 Economic Calendar

Feb 25, 2010 in Grow Financially, Opportunities

region_forex_00029

GBP/USD Mid-Day Outlook

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

GBP/USD’s fall resumes after brief recovery and edges lower to 1.5716 in early US session. Intraday bias remains on the downside and further decline should be seen towards 100% projection at 1.4892, which is close to 61.8% retracement of 1.3053 to 1.7043 at 1.4855. On the upside, above 1.5317 minor…

Mid-Day Report: Dollar Steady after GDP Revision, Sterling Pressured

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

Dollar remains steady in range in early US session after release of better than expected Q4 GDP data. GDP growth was revised up from 5.7% annualized to 5.9% versus expectation of downward revision to 5.6%. Markets are lacking a clear direction for the moment except apparent weakness in Sterling. Commodities…

USD Lower, Rebound in Risk Appetite as Stocks Rally

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

The USD starts Friday’s trade lower pressured by a rebound in global equity markets, Yuan revaluation rumors and upward revision in UK Q4 GDP, GDP gains limited by report of higher than expected UK Q4 government spending, EU inflation came in as expected, Swiss KOF index beat expectations, industrial production…

Assault on Euro Softens – Yen Retreats

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

Asian and European markets were firmer mid-trading day in London in spite of a weaker close in US equity markets yesterday. The Dow Industrials fell more than 180 points early in the session before a late afternoon rally pulled markets back, closing at 10321.03, a loss of .5%. Weekly jobless…

Forex Economic Calendar

Feb 25, 2010 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
2/26/2010 00:01 UK GfK Consumer Confidence Survey -17 -17
2/26/2010 00:30 AUS Private Sector Credit YoY% n/a 1.5%
2/26/2010 05:00 JPN Housing Starts (YoY) -11.6% -15.7%
2/26/2010 09:30 UK GDP (YoY) -3.1% -3.2%
2/26/2010 10:00 EU Euro-Zone CPI (YoY) 1.0% 0.9%
2/26/2010 13:30 CA Current Account (BOP) n/a -$13.1B
2/26/2010 13:30 US GDP Price Index 0.6% 0.6%
2/26/2010 14:45 US Chicago Purchasing Manager 58.5 61.5
2/26/2010 14:55 US U. of Michigan Confidence 74.0 73.7
2/26/2010 15:00 US NAPM-Milwaukee n/a 56.0
2/26/2010 21:15 US Bloomberg FCI Monthly n/a n/a
2/28/2010 21:45 NZ Visitor Arrivals n/a 8.5%
2/28/2010 22:30 AUS AiG Performance of Mfg Index n/a 51.0
2/28/2010 23:30 AUS TD Securities Inflation YoY% n/a 2.6%
3/1/2010 00:01 UK Hometrack Housing Survey (YoY) n/a -0.8%
3/1/2010 00:30 AUS Current Account Balance n/a -16183M
3/1/2010 02:00 NZ ANZ Commodity Price n/a 0.4%
3/1/2010 05:30 AUS RBA Commodity Index SDR YoY% n/a -11.7%
3/1/2010 08:55 GE PMI Manufacturing n/a 57.1
3/1/2010 09:00 EU PMI Manufacturing n/a 54.1
3/1/2010 09:30 UK M4 Money Supply (YoY) n/a 5.1%
3/1/2010 10:00 EU Euro-Zone Unemployment Rate n/a 10.0%
3/1/2010 13:30 CA Gross Domestic Product MoM 0.4% 0.4%
3/1/2010 13:30 US PCE Core (YoY) n/a 1.5%
3/1/2010 15:00 US ISM Manufacturing 57.6 58.4
3/1/2010 23:30 JPN Jobless Rate n/a 5.1%
3/1/2010 23:50 JPN Monetary Base (YoY) n/a 4.9%
3/2/2010 00:30 AUS Building Approvals (YoY) n/a 53.3%
3/2/2010 03:30 AUS RBA CASH TARGET 3.75% 3.75%
3/2/2010 09:30 UK PMI Construction n/a 48.6
3/2/2010 10:00 EU Euro-Zone PPI (YoY) n/a -2.9%
3/2/2010 14:00 CA Bank of Canada Rate n/a 0.25%
3/2/2010 19:00 US Fed’s Beige Book n/a n/a
3/2/2010 22:00 US ABC Consumer Confidence n/a n/a
3/2/2010 22:30 AUS AiG Performance of Service Index n/a 47.4
3/2/2010 22:50 JPN Loans & Discounts Corp YoY n/a -3.1%
3/3/2010 00:01 UK Nationwide Consumer Confidence n/a 73
3/3/2010 00:30 AUS GDP (YoY) n/a 0.6%
3/3/2010 01:30 JPN Labor Cash Earnings YoY n/a -5.9%
3/3/2010 08:55 GE PMI Services n/a 51.7
3/3/2010 09:00 EU PMI Services n/a 52.0
3/3/2010 09:30 UK Official Reserves (Changes) n/a -$250M
3/3/2010 10:00 EU Euro-Zone Retail Sales (YoY) n/a -1.6%
3/3/2010 12:30 US Challenger Job Cuts YoY n/a -70.4%
3/3/2010 13:15 US ADP Employment Change 15K -22K
3/3/2010 15:00 US ISM Non-Manf. Composite 51.1 50.5
3/3/2010 23:50 JPN Capital Spending n/a -24.8%
3/4/2010 00:30 AUS Trade Balance n/a -2252M
3/4/2010 10:00 EU Euro-Zone GDP s.a. (YoY) n/a -2.1%
3/4/2010 12:00 UK BOE ANNOUNCES RATES 0.50% 0.50%
3/4/2010 12:45 EU ECB Announces Interest Rates n/a 1.00%
3/4/2010 13:30 CA Building Permits MoM n/a 2.4%
3/4/2010 13:30 US Initial Jobless Claims n/a n/a
3/4/2010 13:30 US Continuing Claims n/a n/a
3/4/2010 15:00 CA Ivey Purchasing Managers Index n/a 50.8
3/4/2010 15:00 US Factory Orders 1.0% 1.0%
3/4/2010 22:30 AUS AiG Perf of Construction Index n/a 57.7
3/5/2010 05:30 AUS Foreign Reserves n/a 46.6B
3/5/2010 09:30 UK PPI Input NSA (YoY) n/a 8.4%
3/5/2010 11:00 GE Factory Orders YoY (nsa) n/a 8.4%
3/5/2010 13:30 US Change in Nonfarm Payrolls 0K -20K
3/5/2010 20:00 US Consumer Credit -$3.1B -$1.7B

* Times listed are GMT

USDJPY: More Downside Threats Remain In Force

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

We continue to see risk to the downside following the pair?s sell off through the 89.69 level, its Feb 16?10 low on Thursday. Risk of further downside is now seen towards the 88.54 level, its Feb 04?10 with a decisive break below there targeting the 88.30 level, its Dec 14?09…

GBPUSD: Weakness To Target The 1.5000 Level

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

With a clean break and hold below its 2010 low resuming its broader medium term downtrend initiated from its 2009 high at 1.7041 on Thursday, further downside threats are now expected towards its big psycho level at 1.5000.Due to the significance of that level, we could see a halt in…

FX Thoughts for the Day

Feb 25, 2010 in Grow Financially, Investment Protection, Opportunities

The Cable has been ranged through the day. It did spike above 1.53 during the day, but has come down thereafter. Upside is likely to be limited by the 55-MA on the 1H which is at 1.5334 during the day. Today being the last trading day of the week &…