Archive for March, 2010

 

FX Thoughts for the Day

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

Cable is ranged between 1.5180-5250. Though a strong upmove above the Resistance at 1.5230 was not seen during the day, the immediate Support at 1.5200-1.5180 is continuing to hold and is till keeping up current upside momentum intact. While above the Support at 1.5200-1.5180 region there are good chances of…

Forex Economic Calendar

Mar 31, 2010 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
4/1/2010 00:30 AUS Trade Balance -1340M -1176M
4/1/2010 05:00 JPN Vehicle Sales (YoY) n/a 35.1%
4/1/2010 05:30 AUS RBA Commodity Index SDR YoY% n/a 23.3%
4/1/2010 06:00 GE Retail Sales (YoY) -0.4% -3.4%
4/1/2010 07:55 GE PMI Manufacturing 59.6 59.6
4/1/2010 08:00 EU PMI Manufacturing 56.3 56.3
4/1/2010 08:30 UK PMI Manufacturing 56.8 56.6
4/1/2010 11:30 US Challenger Job Cuts YoY n/a -77.4%
4/1/2010 12:30 US Initial Jobless Claims n/a n/a
4/1/2010 12:30 US Continuing Claims n/a n/a
4/1/2010 14:00 US ISM Manufacturing 57.0 56.5
4/1/2010 21:00 US Domestic Vehicle Sales 8.20M 7.91M
4/1/2010 23:50 JPN Monetary Base (YoY) n/a 2.2%
4/2/2010 12:30 US Change in Nonfarm Payrolls 200K -36K
4/5/2010 14:00 US ISM Non-Manf. Composite 54.0 53.0
4/6/2010 00:00 JPN BOJ Target Rate n/a 0.10%
4/6/2010 01:30 AUS ANZ Job Advertisements (MoM) n/a 19.1%
4/6/2010 03:00 NZ ANZ Commodity Price n/a 3.8%
4/6/2010 04:00 JPN BoJ Monetary Policy Meeting n/a n/a
4/6/2010 04:30 AUS RBA CASH TARGET 4.00% 4.00%
4/6/2010 05:00 JPN Leading Index CI n/a 96.7
4/6/2010 08:30 UK PMI Construction n/a 48.5
4/6/2010 08:30 EU Sentix Investor Confidence n/a -7.5
4/6/2010 18:00 US Minutes of FOMC Meeting n/a n/a
4/6/2010 21:00 US ABC Consumer Confidence n/a n/a
4/6/2010 22:30 AUS AiG Performance of Service Index n/a 48.3
4/6/2010 23:01 UK Nationwide Consumer Confidence n/a 80
4/7/2010 06:30 AUS Foreign Reserves n/a 44.3B
4/7/2010 07:55 GE PMI Services n/a 54.7
4/7/2010 08:00 EU PMI Composite n/a 55.5
4/7/2010 08:30 UK PMI Serives n/a 58.4
4/7/2010 09:00 EU Euro-Zone GDP s.a. (YoY) n/a -2.1%
4/7/2010 10:00 GE Factory Orders YoY (nsa) n/a 19.6%
4/7/2010 12:30 CA Building Permits MoM 1.7% -4.9%
4/7/2010 14:00 CA Ivey Purchasing Managers Ind 53.0 51.9
4/7/2010 19:00 US Consumer Credit $1.3B $5.0B
4/7/2010 23:50 JPN Current Account Total n/a Yen899.8B
4/8/2010 01:30 AUS Employment Change n/a 0.4K
4/8/2010 01:30 AUS Full Time Employment Change n/a 11.4K
4/8/2010 04:00 JPN Bankruptcies (YoY) n/a -17.3%
4/8/2010 05:00 JPN BOJ Monthly Report n/a n/a
4/8/2010 06:00 JPN Machine Tool Orders (YoY) n/a 217.4%
4/8/2010 08:30 UK Industrial Production (YoY) n/a -1.5%
4/8/2010 09:00 EU Euro-Zone Retail Sales (YoY) n/a -1.4%
4/8/2010 10:00 GE Industrial Prod. YoY (nsa wda) n/a 2.2%
4/8/2010 11:00 UK BOE ANNOUNCES RATES 0.50% 0.50%
4/8/2010 11:45 EU ECB Announces Interest Rates n/a 1.00%
4/8/2010 12:30 US Initial Jobless Claims n/a n/a
4/8/2010 12:30 US Continuing Claims n/a n/a
4/8/2010 14:30 US ICSC Chain Store Sales YoY n/a 3.7%
4/8/2010 23:30 AUS AiG Perf of Construction Index n/a 52.8
4/9/2010 06:00 GE Trade Balance n/a 8.0B
4/9/2010 08:30 UK PPI Output Core NSA (YoY) n/a 2.9%
4/9/2010 11:00 CA Net Change in Employment 25.0K 20.9K
4/9/2010 14:00 US Wholesale Inventories 0.4% -0.2%

* Times listed are GMT

Global Manufacturing Gains Power Risk Appetite

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

Risk appetite stepped up a notch to start the new financial quarter with investors selling dollars for riskier propositions such as higher-yielding currencies and equities. A raft of manufacturing survey evidence around the world leaves investors with a single-minded assurance that government and central bank policies have worked their way…

GBPUSD: Looks To Head Further Higher

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

With a break and close above its Mar 23’10 high at 1.5110 established on Wednesday, attention has shifted towards its Mar 19’10 high at 1.5253 level. Though currently tested, a decisive break and hold above there is required to clear the way for a run at the 1.5343/80 levels, its…

German retail sales weaker than expected

Mar 31, 2010 in Grow Financially, Opportunities

German retail sales m/m came in at -0.4%, weaker than the 0.0% expected. No major affect on the euro as Eur/Usd trades at the lower end of its range at 1.3510.

Trade Idea: EUR/JPY – Buy At 125.40

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

As euro has eased after intra-day rise to 126.62, suggesting minor consolidation would be seen and whilst pullback to 125.50 cannot be ruled out, renewed buying interest should emerge around 125.36 (previous resistance turned support) and bring another rally later. Above said resistance would extend upmove from 119.66 in wave…

Trade Idea: AUD/USD – Buy At 0.9080

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

Aussie’s near term sideways trading is expected to continue ahead of the release of U.S. non-farm payrolls and minor correction to 0.9070/80 (just below 61.8% Fibonacci retracement of 0.9001 to 0.9218) cannot be ruled out, however, as long as support at 0.9001 holds, prospect of another rally remains. Above said…

Daily FX Report

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

Since February 25th, the NZD/JPY has been moving in a bullish trend channel. After touching the lower line of the channel, it pulled up and reached its resistance level around 66.30. As we can see, the CCI indicator reached its resistance level near 160, which could be a signal for…

EUR/JPY Elliott Wave Analysis

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

The single currency finally broke above indicated resistance at 125.36 as suggested in our previous update, adding credence to our view that low has been formed at 119.66 earlier and upside bias remains for stronger rebound to 126.95 (previous support turned resistance), then 128.00 and 129.08 (50% Fibonacci retracement of…

USD/CHF Elliott Wave Analysis

Mar 31, 2010 in Grow Financially, Investment Protection, Opportunities

Failure to extend early rebound above indicated key resistance at 1.0805/10 and the retreat from 1.0752 suggests further consolidation below 1.0899 would be seen and stronger retracement in wave 2 is still unfolding for weakness to 1.0424 (61.8% Fibonacci retracement of 1.0130 to 1.0899) but 1.0300 should hold and bring…