http://www.trade2win.com/boards/ Free market reports and analysis. en Fri, 20 Nov 2009 23:03:36 GMT vBulletin 60 http://www.trade2win.com/boards/images/misc/rss.jpg http://www.trade2win.com/boards/ http://www.trade2win.com/boards/forex-news-analysis/79806-dollar-falls-fed-officials-rate-comments-wild-card-gold-19-nov-2009-a.html Thu, 19 Nov 2009 11:48:25 GMT Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009
Thursday, 19 Nov 2009
Dollar Falls on Fed Official's Rate Comments

The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.

The Wild Card
Gold

Gold prices rose significantly in the last month and peaked at $1141.25 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.

http://forexqs.blogspot.com ]]> forexqs http://www.trade2win.com/boards/forex-news-analysis/79806-dollar-falls-fed-officials-rate-comments-wild-card-gold-19-nov-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79804-forex-news-instatv.html Thu, 19 Nov 2009 11:42:35 GMT Dear trade2win guests and members, In this topic we would like to provide Forex breaking news from *InstaTV* Forex-tube. *InstaForex-TV* channel provides currency traders with the recent tidings about rate exchange movements and also to make forecasts how they will affect the currency pairs in the... Dear trade2win guests and members,
In this topic we would like to provide Forex breaking news from InstaTV Forex-tube. InstaForex-TV channel provides currency traders with the recent tidings about rate exchange movements and also to make forecasts how they will affect the currency pairs in the coming future. If you trade using the intraday trade method or fundamental analysis, the newscast from our channel would be especially useful for you.

http://www.youtube.com/watch?v=Ke9uHRZkWHU ]]> IFX Darika http://www.trade2win.com/boards/forex-news-analysis/79804-forex-news-instatv.html http://www.trade2win.com/boards/forex-news-analysis/79788-daily-review-19-11-2009-a.html Thu, 19 Nov 2009 09:25:03 GMT USD Dollar (USD) The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for... USD Dollar (USD)


The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation, core CPI came out at 0.2% vs. 0.1% forecast. NASDAQ and Dow Jones declined by -0.48% and -0.11% respectively, Crude oil has risen for three days in a row closing at 79.58% a barrel, Gold (XAU) continued to rise trading above 1140$ level and closed at 1141.2$ an ounce. Today, Unemployment Claims are expected at 503K vs. 502K prior. Philly Fed Manufacturing Index is expected with 12.3 versus 11.5.

EURO (EUR)


The Euro advanced against the Dollar as Federal Reserve Bank of St. Louis President James Bullard said past experience indicates policy makers may not start to raise interest rates until early 2012. Current account came out worse than expected with -5.4B vs. 0.6B forecast. EUR/USD traded with a low of 1.4857 and with a high of 1.4990. Today, ECB president Trichet will speak at the Euro50 Group Conference in Paris.
EUR/USD - Last: 1.4921

British Pound (GBP)


The Pound slid from almost a 2 month high against the Euro and declined versus the Dollar after MPC Meeting Minutes of this month’s Bank of England meeting showed the vote to increase the bond-purchase program by 25 billion pounds ($42 billion) wasn’t unanimous. Overall, GBP/USD traded with a low of 1.6714 and with a high of 1.6845. Today, Retail Sales are expected with 0.6% vs. 0.0% prior.

GBP/USD - Last: 1.6697

Japanese Yen (JPY)


The Yen weakened against the Dollar trading with a low of 89 and with a high of 89.48. In addition, Japanese stocks fell, led by real- estate companies on concern sales of new equity will dilute earnings per share and after investment ratings were cut. Today, Bank of Japan will release its Interest Decision expected to remain at 0.1%.

USD/JPY-Last: 89.09

Canadian dollar (CAD)


The Canadian Dollar fell for a second day versus the Dollar as CPI figures came out worse than expected at -0.1% vs. 0.2% forecast and stocks declined decreasing demand for higher yielding assets. Overall, USD/CAD traded with a low of 1.0449 and with a high of 1.0582. Today, Leading Index is expected at 0.8% vs. 1.1% prior, Wholesale Sales are expected at 0.6% vs. -1.4% prior. Bank of Canada Governor Carney will speak in New York about the monetary system.

CAD/USD - Last: 1.0579

UFXBank Research ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/79788-daily-review-19-11-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79706-daily-review-18-11-2009-a.html Wed, 18 Nov 2009 08:47:40 GMT USD Dollar (USD) The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B... USD Dollar (USD)


The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closing at 1140.5$ an ounce. Today, Building Permits are expected higher with 0.59M versus 0.57M prior and Core CPI is expected with 0.1% versus 0.2% prior. Housing Starts are expected higher with 0.61M versus 0.59M and Crude Inventories are expected with 1.2M versus 1.8M prior.

EURO (EUR)


The Euro weakened versus the Dollar and the Pound as risk appetite weakened and ECB\'s president Trichet said a strong Dollar is important for the world economy. European Trade Balance came out better than expected with 6.8B versus -0.9B expected. EUR/USD traded with a low of 1.4806 and with a high of 1.4998. Today, European Current Account is expected with 0.6B versus -1.3B prior. ECB President Trichet will speak in Frankfurt.

EUR/USD - Last: 1.4870


British Pound (GBP)


The Pound remained almost unchanged versus the Dollar as CPI figures came out better than expected but Industrial Production in the U.S lowered investors Risk Appetite. CPI came out 1.5% versus 1.4% expected and RPI came out -0.8% versus -0.9% expected. Overall, GBP/USD traded with a low of 1.6755 and a high of 1.6872. Today, MPC Meeting Minutes will be released. CBI Industrial Order Expectations are expected with -47 versus -51 prior.
GBP/USD - Last: 1.6800


Japanese Yen (JPY)


The Yen gained versus the Euro and weakened versus the Dollar as risk appetite lowered after Industrial Production in the U.S came out weaker than expected. Overall, USD/JPY traded with a low of 88.73 and a high of 89.53 and EUR/JPY traded with a low of 132.44 and a high of 133.58. Today, All Industries Activity is expected with -0.1% versus 0.9% prior.

USD/JPY-Last: 89.17


Canadian dollar (CAD)


The Canadian Dollar dropped as Risk Appetite weakened following U.S production data. Overall, USD/CAD traded with a low of 1.0464 and a high of 1.0617. Today, Canadian CPI is expected with 0.2% versus 0% prior and Core CPI is expected with 0% versus 0.3% prior.

CAD/USD - Last: 1.0535


UFXBank Research ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/79706-daily-review-18-11-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79626-play-trend-economic-speakers-move-markets.html Tue, 17 Nov 2009 13:36:16 GMT By Mercaforex (http://mercaforex.com/en/) USD: Retail Sales number came out higher then expected at 1.4% as opposed to a forecasted 1.00%. Coupled with Bernanke pointing towards an “extended” period of low borrowing costs and “significant economic challenges” still on the horizon, the dollar... By Mercaforex

USD:
Retail Sales number came out higher then expected at 1.4% as opposed to a forecasted 1.00%. Coupled with Bernanke pointing towards an “extended” period of low borrowing costs and “significant economic challenges” still on the horizon, the dollar touched its lowest value since August 2008. “Of course” traders took this wheelbarrow of good news the only way they know how: weak dollar equals strong everything else, and pushed the S&P to the highest we have traded all year. As the guest writer today, I don’t want to upset anyone, but personally I think that like most High school relationships, this one cannot and will not last. At some point reality will slap investors across the face. People will realize that you cannot build a 50 story building where the first 5 floors are built out of hope and good intentions.
Today’s data is expected to be relatively light. PPI, TIC Net Long Term Transactions, and the NAHB Housing Market Index are all forecasted to come out higher then last month. The market may be biding its time until Wednesday when Core CPI and Crude Oil inventories are expected to come out.
While yesterday we saw the dollar trade lower, at the end of the day we managed to close near its open suggesting that investors are unsure of what will happen next. With an increasing amount of risk appetite sending equities and commodities higher we have to acknowledge that while not all the pieces of the puzzle fit into place, the picture is still the same. Simply put this means that the trend is your friend, and if you live by this one rule of logic, you will have made, and will continue to make money over the next few months.

EUR:
Not much in the way of data coming out of Europe today. The only item on the agenda is the Trade balance, which is expected to come out weaker. Yesterday’s CPI came out as expected and the European Currency was able to keep much of its gains against the greenback closing just below 1.50. Analysts are suggesting that we could see this currency trading at 1.5285 in the next little while. I tend to agree with that line of thinking and maintain that as long as the dollar continues to weaken, it will take a significant fumble by the ECB before we begin to see any Euro weakness. Tomorrow Trichet will share his thoughts on the economic situation adding to the pot and inevitably there will be market volatility surrounding his comments.

GBP:
Fueled by a weaker American dollar and bullish comments by Bank of England Policy Maker Andrew Sentance, the Pound traded higher yesterday. Sentance suggested that inflation is a growing danger and must be dealt with before it becomes a significant factor in the UK economy. We are still waiting to see what the official BOE Inflation Letter has to say regarding his thoughts. It’s more than likely that both Sentance’s stance and the BOE’s are in line, and that could be the necessary catalyst to push the Pound towards the higher end of its trading channel. Adding to the mix tomorrow the MPC Meeting Minutes will be made public and we will see how the BOE attempts to “dictate” trading over the next few weeks.

JPY:
The Yen continues to gain strength against the Dollar as risk appetite remains strong. Expected dollar weakness today will only push this currency pair lower, and Gold higher. As Gold breaks records like an Olympic athlete on Steroids it would be wise to continue to play the up trend. There has not been significant weakness in this market since the summer, and none is expected over the next few weeks. Be cautious as it seems everybody is jumping on the Bandwagon, and that usually signals the end of a trend. However, I would not play this trade on the short side as long as we continue to show such strength.

The Trend Is Your Friend! Let It Guide You

SPX/USD:
With the USD trading to its lowest value of 2009 it’s not surprising that the S&P 500 rallied like it did. A gap up on the open quelled the bear inside of me, and threw me back on the bullish bandwagon. I repeat once again that any weakness in this market is immediately met by eager buyers. It almost seems like the only time this market shows weakness is on profit taking. In the meantime we continue to trade higher and the ever so true axiom “the trend is your friend” is the way to trade until we see a significant change in market sentiment. Support 1100.4, 1097.8, 1093.5, 1092.6, 1087.4, 1081.5, 1077, 1071.5.1059.3 1052.4, 1045.5, 1029.4, 1019.6, 1009.1, 992.25 Resistance 1113.45, 1132.2, 1153.8

XAU/USD:
Some people ask me whether or not it’s boring writing the same thing over and over, and the answer is a simple yes. However, the Gold market is anything but! While many recent posts have sounded similar, this market continues to be as exciting as riding a bull! (No pun intended, but seeing as it’s a good one, I will let it stand) Nothing seems to be able to get in the way of this precious metal. The trend is definitely your friend! Fortunes have been lost trying to catch tops in this market and I do not suggest trying to be a hero! I am waiting for some consolidation before I add to my positions. In the meantime keep adjusting your stops and protecting profits. Support 1111.14, 1100.30, 1104.5, 1100, 1096.15, 1092.87, 1087.65, 1081.05, 1078.37, 1070.6, 1066.1, 1051.3, 1046.7 Resistance 1118.75, 1122.82….

GBP/USD:
The Pound found solid support at 1.6515 and is currently trading 3 cents higher. With continued dollar weakness a strong possibility we may really see this currency pair move towards the higher echelon of its trading range, and perhaps even a break out of it. I continue to maintain that since we are trading within a well established trading channel, we must continue to trade the sterling as such, and try be positioned to be positioned. Meaning, buying off the support, and holding onto only part of the position when we near resistance, in the hope that we continue to trade higher, and vice versa.1.6741, 1.6515, 1.6485, 1.6249, 1.6119, 1.5776 Resistance 1.6741, 1.6842, 1.7042

EUR/USD:
Yesterday’s buying tail confirmed the strength begin this market. While we are trading lower today, and considering yesterday’s recommendation that the Euro could trade lower this week, I am still not ready to become a buyer. At this point I will continue to stand aside until I believe we are ready to move higher once again. If we do trade lower to the 1.48, or even 1.47 areas, we will be looking for a good entry on the long side. However, as always it will be a cautious entry because when these markets trade lower, no matter how much strength we have seen in the past, it always feels like it may be a turning point. We will have to place our confidence in the charts, and in the belief that the “trend is your friend”. Once the up move continues I do expect us to trade up towards 1.5284. Support 1.4918, 1.4880, 1.4810, 1.4701, 1.4683, 1.4626 1.4449 Resistance 1.5020, 1.5062, 1.5144, 1.5284, 1.5343, 1.546 ]]> mercaforex http://www.trade2win.com/boards/forex-news-analysis/79626-play-trend-economic-speakers-move-markets.html http://www.trade2win.com/boards/forex-news-analysis/79616-daily-review-17-11-2009-a.html Tue, 17 Nov 2009 09:43:32 GMT USD Dollar (USD) The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month... USD Dollar (USD)

The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month highs with 1.38% and 1.45% gains respectively after Bernanke\'s speech. Crude gained by 3.3% closing at 78.87$ a barrel and Gold (XAU) jumped by 2.02% closing at 1140.4$ an ounce. Today, PPI is expected stronger with 0.6% versus -0.6% prior. TIC Long-Term Purchases are expected with 27.3B versus 28.6B prior. Industrial Production is expected with 0.4% versus 0.7% prior. FOMC Member Lacker will speak about his economic outlook at the State House Appropriation Committee in Richmond.

EURO (EUR)

The Euro gained versus the Dollar after Fed Chairman Bernanke commented the interest rates will remain low, spurring Risk Appetite. European CPI and Core CPI came out as expected with -0.1% and 1.2% respectively. EUR/USD traded with a low of 1.4880 and with a high of 1.5014. Today, European Trade Balance is expected with -0.9B versus 1B.
EUR/USD - Last: 1.4970


British Pound (GBP)

The Pound reached new 3 month highs versus the Dollar after Bernanke\'s speech spurred risk appetite. Overall, GBP/USD traded with a low of 1.6657 and a high of 1.6876. Today, CPI is expected stronger with 1.4% versus 1.1% prior. RPI is expected with -0.9% versus -1.4% prior.
GBP/USD - Last: 1.6825


Japanese Yen (JPY)

The Yen gained versus the Dollar, Euro and the Pound as it Japan\'s economy showed the fastest growth pace in more than 2 years pulling Japan out of the recession. Tertiary Industry Activity came out weaker with -0.5% versus 0.1% expected and 0.3% prior. Overall, USD/JPY traded with a low of 88.74 and a high of 89.72 and EUR/JPY traded with a low of 133.18 and a high of 134.32. No major economic data is expected today.
USD/JPY-Last: 89.10


Canadian dollar (CAD)

The Canadian Dollar gained versus the Dollar as stocks and commodities gained. Manufacturing Sales came out 1.4% better than 1% expected and -1.8% prior. Overall, USD/CAD traded with a low of 1.0425 and a high of 1.0540. No major economic data is expected today.
CAD/USD - Last: 1.048


UFXBank Research ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/79616-daily-review-17-11-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79590-interesting-forex-blog.html Mon, 16 Nov 2009 19:40:39 GMT Was just looking at an interesting forex blog by a friend. Looks quite impressive. www.reohunters.blogspot.com Was just looking at an interesting forex blog by a friend. Looks quite impressive.
www.reohunters.blogspot.com ]]> Ghosttrader http://www.trade2win.com/boards/forex-news-analysis/79590-interesting-forex-blog.html http://www.trade2win.com/boards/forex-news-analysis/79550-consumers-under-microscope.html Mon, 16 Nov 2009 13:22:11 GMT By Mercaforex (http://mercaforex.com/en/) USD: The USD was steady on Friday as it battled within a tight range against the major currencies. The Consumer Sentiment report from the University of Michigan before going into the weekend surprised analysts as it came in far below expectations with a... By Mercaforex

USD:
The USD was steady on Friday as it battled within a tight range against the major currencies. The Consumer Sentiment report from the University of Michigan before going into the weekend surprised analysts as it came in far below expectations with a reading of 66.0 compared to the forecasted number of 71.1. The Prelim Consumer Sentiment figure was also worse than the previous outcome and these figures may have put a cramp into the U.S. stock markets which turned in a flat performance for the day after a week of solid gains. There will be plenty of data from the States today with Retail Sales statistics and the Empire State Manufacturing Index. The Core Retail Sales estimate carries an estimated gain of 0.4%, while the Manufacturing reading from the New York Fed is expected to decline.
The critical issue for investors regarding the USD and the stock markets today will be the data from Retail Sales, this as the Christmas holiday season is fast approaching. The impact of high unemployment in the U.S. and its direct affect on the spending habits of consumers will not be taken lightly by the marketplace. Investors have boosted the value of stock prices since March of this year as they have fought back from the financial crisis yet doubters remain and one of the key points they have spoken about is revenues. The GDP in the U.S. is largely geared towards the impetus of the American public’s pocketbooks. If the people of the States continue to fear that their job situations are not stable they certainly will be less likely to buy big ticket items. Tomorrow the U.S. will release its CPI and Industrial Production figures. The ‘story’ of unemployment seems to be gaining scrutiny in the States and if this continues early this week, we could see pressure mount on what up until now has been a strong Wall Street rally and the USD could possibly recover some lost ground under this scenario.

EUR:
The EUR maintained the higher part of its range against the USD on Friday as the European currency handled the rather lackluster GDP publications from the continent calmly. Preliminary GDP numbers from Germany produced a result of 0.7%, which was slightly below the expectation of 0.8%. However, the French and Italian reports both fell below their estimates. Also the French released their CPI figures and the numbers continued to highlight that inflation remains hard to find and that deflation could still be lurking in the shadows. Following that note, Europe will bring forth its broad CPI statistics today and they are anticipated be rather tame concerning inflation too. Tomorrow will be a relatively light day of data from the continent and this will leave investors to contemplate the data they have seen the past two trading days. The EUR has done nothing but turn in a remarkably strong value the past few months against the USD, but this has had more to do with risk appetite. The question some traders may be beginning to ask, is if the worm is going to turn anytime soon?

GBP:
The Sterling showed its footing on Friday as it quietly kept its pressure on the USD and finished the session nears its highs. There was little in the way of economic data from the U.K. on Friday and today will be quiet too. Bank of England Deputy Governor Paul Tucker is scheduled to speak in Brussels today, but it is unlikely that he will offer any new definitive tidbits taking into consideration the BoE’s rather straightforward report last week on the state of the economy. Tomorrow the Bank of England’s Inflation Letter will be published and on Wednesday the MPC’s Meeting Minutes will be brought forth. Due to the quiet nature of data today and the two reports coming out the over the next couple of days, we could see a rather cautious day of trading for the GBP. The Sterling has shown again that its range is a strong one and it certainly seems to have pushed to the side Mervyn King’s comments about his desire for a weaker GBP for the short term.

JPY:
The JPY gained slightly on the USD late on Friday as the currency pair continued their rather cautious trading pattern. Gold however broke into new ground as it found its way to more powerful heights. Gold continues to find takers while its charges forward to record values. Speculative or not the Gold train continues to churn and it may be a very dangerous beast to stand in front of taking into consideration the famous axiom ‘the trend is your friend’.

What Will The Dollar Do Next?

SPX/USD:
Friday’s open saw us trading 5 points lower, but after the first half hour the market pulled itself together and started to push higher. While we did close higher on the day the trading day as a whole was not all too significant. What I expected to be another showing of dollar strength quickly became another down day for the greenback. This of course led to strength in various other markets. On that level, the SPX underperformed on Friday, and as such, I watched it close with a raised eyebrow (I.E. questioning what the lack of strength signalled) Friday’s candle is an inside candle, and if Monday breaks lower then I expect us to try and fill the gap created last week, and move down to at least 1070. Support 092.6, 1087.4, 1081.5, 1077, 1071.5.1059.3 1052.4, 1045.5, 1029.4, 1019.6, 1009.1, 992.25 Resistance 1093.8, 1097.8, 1101.4, 1105.4, 1132.2, 1153.8

XAU/USD:
Dollar weakness continued to fuel strength in the precious metal market, pushing gold to just $4 off its record high. We tested support of 1101.6, and the effect was the same as falling off a cliff with a bungee cord attached. As we trade around 1118, let’s take a look at how well this trade is playing out on the weekly chart. We had mentioned how it was necessary to hold over 1032 on the close three weeks ago. After that was accomplished the follow through in this trade has been spectacular. If you were able to get in, and hold it, this was a $70-$90 trade in gold. I promise you that fortunes have been made and lost over the last two weeks. In the meantime, while there is room for retracement, and we may enter a consolidation phase here, there is still great potential in this market. We have to keep playing it on the long side for now. Support 1111.14, 1100.30, 1104.5, 1100, 1096.15, 1092.87, 1087.65, 1081.05, 1078.37, 1070.6, 1066.1, 1051.3, 1046.7 Resistance 1118.75, 1122.82….

GBP/USD:
On the 10th of November I had suggested that a selling tail on the weekly chart would not be the type of signal that would exude great strength in the Sterling Market. While it’s not the worst type of candle to see, it’s clear that the market is somewhat unsure of where it wants to go next. Dollar strength will be a large factor over the coming week, and I expect this currency to trade lower if we even hint at a rally in the greenback. In the meantime we have found some nice support around 1.6515. It will be important to hold that level, as otherwise this market could quickly find itself at 1.62, or even 1.57. Keep trading the channel and maintaining a vigilant eye on the ever important American Dollar. Support 1.6515, 1.6485, 1.6249, 1.6119, 1.5776 Resistance 1.6741, 1.6842, 1.7042

EUR/USD:
Confirming what we see in the Pound, when studying the Euro weekly chart we can see a nice selling tail. We approached previous highs of 1.5060, (succeeded only in reaching 1.5050) and instead of blowing higher like we had expected, this currency took a moment to collect its thoughts and decide whether it’s truly ready for what lies above resistance. I am not putting out a long recommendation on the Euro as I expect it trade lower this week. However, it has been trading in an uptrend for most of 2009, and continues to do so. So, if we do retrace to about 1.4700, that would be a good time to buy once again. In the meantime patience is a virtue and will standing aside could save you from being chopped up in the market noise until we can re-establish the momentum upwards. Support 1.4918, 1.4844, 1.4810, 1.4701, 1.4683, 1.4626 1.4449 Resistance 1.5020, 1.5062, 1.5144, 1.5284, 1.5343, 1.546 ]]> mercaforex http://www.trade2win.com/boards/forex-news-analysis/79550-consumers-under-microscope.html http://www.trade2win.com/boards/forex-news-analysis/79534-daily-review-16-11-2009-a.html Mon, 16 Nov 2009 11:19:39 GMT USD Dollar (USD)



The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan\'s Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel and Gold (XAU) resumed gaining with 0.91% rise closing at 1116.1$ an ounce. Today, Retail Sales are expected better with 1% versus -1.5% prior and Core Retail Sales are expected slightly worse with 0.4% versus 0.5% prior. Fed Chairman Bernanke and FOMC Member Kohn will speak today.

EURO (EUR)



The Euro gained versus the Dollar on Friday after gains in stock markets led risk appetite higher causing investors to ignore weak economic data. German Prelim GDP came out weaker with 0.7% versus 0.8% expected and European Flash GDP came out 0.4% versus 0.6% expected. EUR/USD traded with a low of 1.4824 and with a high of 1.4937. Today, European CPI and Core CPI are expected unchanged with -0.1% and 1.2% respectively.


EUR/USD - Last: 1.4950
http://forex-ufxbank.com/Images/Dail...009/EURUSD.PNG


British Pound (GBP)



The Pound climbed versus the Dollar on Friday as risk appetite remained strong even after weaker Sentiment was released in the U.S. Overall, GBP/USD traded with a low of 1.6574 and a high of 1.6706. Today, MPC\'s Members Tucker and Sentence will speak.


GBP/USD - Last: 1.6700
http://forex-ufxbank.com/Images/Dail...009/GBPUSD.PNG


Japanese Yen (JPY)



The Yen gained versus most majors as a larger U.S trade deficit and weaker sentiment caused investors to favor the Yen as a safe haven. Overall, USD/JPY traded with a low of 89.46 and a high of 90.41 and EUR/JPY traded with a low of 132.84 and a high of 134.45. Today, Tertiary Industry Activity is expected with 0.1% versus 0.3% prior.


USD/JPY-Last: 89.60
http://forex-ufxbank.com/Images/Dail...009/JPYUSD.PNG


Canadian dollar (CAD)



The Canadian Dollar gained versus the Dollar after Canadian Trade Balance came out better with -0.9B versus -1.6B expected. Overall, USD/CAD traded with a low of 1.0472 and a high of 1.0566. Today, Manufacturing Sales are expected stronger with 0.5% change versus -2.1% prior.



CAD/USD - Last: 1.0500
http://forex-ufxbank.com/Images/Dail...009/CADUSD.PNG ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/79534-daily-review-16-11-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79292-forex-analysis-bernankes-speech-dominate-market-today.html Thu, 12 Nov 2009 08:23:11 GMT e U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial... e U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements.

Read the complete in depth forex analysis of today at our forex news center

]]> forexyard http://www.trade2win.com/boards/forex-news-analysis/79292-forex-analysis-bernankes-speech-dominate-market-today.html http://www.trade2win.com/boards/forex-news-analysis/79190-forex-analysis-dollar-up-slightly-but-still-vulnerable.html Wed, 11 Nov 2009 09:26:01 GMT The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in particular struggled on Tuesday after Fitch ratings agency told Reuters... The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in particular struggled on Tuesday after Fitch ratings agency told Reuters that Britain was the major economy most at risk of losing its top AAA credit rating.

Read the complete in depth forex analysis of today at our forex news center

]]> forexyard http://www.trade2win.com/boards/forex-news-analysis/79190-forex-analysis-dollar-up-slightly-but-still-vulnerable.html http://www.trade2win.com/boards/forex-news-analysis/79018-daily-review-10-11-2009-a.html Tue, 10 Nov 2009 10:28:43 GMT USD Dollar (USD) The Dollar fell to a 15 month low against the currencies of major U.S. trading partners after G20 finance officials pledged to maintain stimulus measures, encouraging investors to buy higher-yielding assets. NASDAQ and Dow Jones jumped by 1.97% and 2.03% respectively, Crude... USD Dollar (USD)



The Dollar fell to a 15 month low against the currencies of major U.S. trading partners after G20 finance officials pledged to maintain stimulus measures, encouraging investors to buy higher-yielding assets. NASDAQ and Dow Jones jumped by 1.97% and 2.03% respectively, Crude oil rose by 2.6% closing at 79.43$ a barrel , GOLD (XAU) advanced to a new record, rising by 0.5% to 1100.8$ an ounce. Today, FOMC Members Lockhart and Yellen will speak. Investors are expected to close some of their short positions on the Dollar before Veterans Day Bank holiday tomorrow.

EURO (EUR)



The Euro rose against the Dollar and the Yen after a report showed Germany’s exports climbed more than economists predicted, adding to signs the Euro\'s economy is recovering, boosting demand for higher-yielding currencies. Overall, EUR/USD traded with a low of 1.4830 and a high of 1.5020. Today, German ZEW Economic Sentiment is expected lower at 55.2 vs. 56 prior, ZEW Economic Sentiment is expected to rise from 56.9 to 58.9.


EUR/USD - Last: 1.4975
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British Pound (GBP)



The Pound rose versus the Dollar reaching its highest level since September as Risk Appetite encouraged investors to higher yielding assets. RICS House Price Balance came out better than expected at 34% vs. 29%, BRC Retail Sales Monitor came out at 3.8% vs. 2.8% prior. All in all, GBP/USD traded with a low of 1.6590 and a high of 1.6843. Today, Trade Balance is expected to show a decline of -6.1B vs. -6.2B previously.


GBP/USD - Last: 1.6756
http://forex-ufxbank.com/Images/Dail...009/GBPUSD.PNG


Japanese Yen (JPY)



The Yen fell against most majors as growing risk appetite causes a flight from the safety of the Yen into higher yielding assets. Overall, USD/JPY traded with a low of 89.69 and with a high of 90.26. No major economic data expected today.


USD/JPY-Last: 89.95
http://forex-ufxbank.com/Images/Dail...009/JPYUSD.PNG


Canadian dollar (CAD)



The Canadian Dollar gained versus the Dollar as G20\'s comments made commodity prices and demand for higher yielding assets grow. Overall, USD/CAD traded with a low of 1.0542 and a high of 1.0774. No economic data expected today.


CAD/USD - Last: 1.0570
http://forex-ufxbank.com/Images/Dail...009/CADUSD.PNG ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/79018-daily-review-10-11-2009-a.html http://www.trade2win.com/boards/forex-news-analysis/79010-forex-analysis-dollar-driver-forex-market-today.html Tue, 10 Nov 2009 09:20:37 GMT The Dollar is expected to be the driver of the forex market today. This is following yesterday's bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and key Federal Reserve FOMC (Federal Open Market Committee) member Dennis Lockart's speech at 14:15 GMT, and the IBD/TIPP Economic Optimism release at 15:00 GMT. It is encouraged that you traders open big positions in the USD now.

Read the complete in depth forex analysis of today at our forex news center

]]> forexyard http://www.trade2win.com/boards/forex-news-analysis/79010-forex-analysis-dollar-driver-forex-market-today.html http://www.trade2win.com/boards/forex-news-analysis/78900-forex-analysis-gold-reaches-1-100-ounce.html Mon, 09 Nov 2009 10:46:53 GMT While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on a daily basis, and has now reached over $1,100 on ounce. Can it reach higher? ... While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on a daily basis, and has now reached over $1,100 on ounce. Can it reach higher?

Read the complete in depth forex analysis of today at our forex news center

]]> forexyard http://www.trade2win.com/boards/forex-news-analysis/78900-forex-analysis-gold-reaches-1-100-ounce.html http://www.trade2win.com/boards/forex-news-analysis/78890-daily-review-09-11-2009-a.html Mon, 09 Nov 2009 08:30:03 GMT USD Dollar (USD) The Dollar strengthened versus most majors after Unemployment in U.S. Jumped to 10.2% and Payrolls Fell by 190,000 lowering expectations to a recent rate increase. NASDAQ and Dow Jones rose by 0.25% and 0.17% respectively, Crude oil fell by 2.8% closed at 77.43$ a barrel,... USD Dollar (USD)



The Dollar strengthened versus most majors after Unemployment in U.S. Jumped to 10.2% and Payrolls Fell by 190,000 lowering expectations to a recent rate increase. NASDAQ and Dow Jones rose by 0.25% and 0.17% respectively, Crude oil fell by 2.8% closed at 77.43$ a barrel, Gold (XAU) continued to rise on Friday touching 1100$ , and closed at 1095$ an ounce. No economic data expected today.

EURO (EUR)



The Euro weakened versus the Dollar trading with a low of 1.4829 and with a high of 1.4843. German industrial orders rose by 0.9% in September less than 1.0% forecast. Today, German Industrial Production is expected at 1.4% vs. 1.7% prior.


EUR/USD - Last: 1.4860
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British Pound (GBP)



The Pound rose versus the Dollar after U.K. producer prices rose for an 8th straight month in October as Oil and import costs gained and manufacturers sought to defend profit margins damaged in the longest recession on record. Overall, GBP/USD traded with a low of 1.6518 and with a high of 1.6635. No economic data expected today.


GBP/USD - Last: 1.6621
http://forex-ufxbank.com/Images/Dail...009/GBPUSD.PNG


Japanese Yen (JPY)



The Yen strengthened versus the Dollar after the International Monetary Fund said traders are probably using the Dollar to fund carry trades around the world and it may still be overvalued. All in all, USD/JPY traded with a low of 89.61 and with a high of 90.81. No economic data expected today.


USD/JPY-Last: 89.87
http://forex-ufxbank.com/Images/Dail...009/JPYUSD.PNG


Canadian dollar (CAD)



The Canadian Dollar weakened against The Dollar after Employment Change came out worse than expected at -43.2K vs. 10K forecast and the Unemployment Rate came out worse at 8.6% vs. 8.5 forecasts. Overall, USD/CAD traded with a low of 1.0689 and with a high of 1.0751. Today, Housing Starts are expected at 157K vs. 149K prior.


CAD/USD - Last: 1.0742
http://forex-ufxbank.com/Images/Dail...009/CADUSD.PNG ]]> UFXBank http://www.trade2win.com/boards/forex-news-analysis/78890-daily-review-09-11-2009-a.html