Forex Market Updates & Commentary |  |
- Forex Morning Report - Feb 17th
- Tuesday Feb 16th Rebroadcast is now available
- FXDD Forex Trading Class Online Thursday Feb 18th
- Boobys Corner-Open Market-Feb.17.2010
- February 17th 2009 Pre NY Opening Forex Report is available for viewing
- Eurozone trade balance greater than expectations
- Bank of England votes 9-0
- UK Employment Data
- 2-17 Economic Calendar
- AUD/USD Bouncing Off MAVG’s
- EURUSD looking to move again
- Kiwi Rebounds
- Tertiary Industry Activity
- Westpac Leading Index
- EURJPY moves higher on increased risk appetite
| Forex Morning Report - Feb 17th Posted: 17 Feb 2010 06:35 AM PST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tuesday Feb 16th Rebroadcast is now available Posted: 17 Feb 2010 06:21 AM PST You can now watch the Tuesday Feb 16th 2010 Online trading class from the Webinars page at http://forex.fxdd.com/webinars | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FXDD Forex Trading Class Online Thursday Feb 18th Posted: 17 Feb 2010 06:01 AM PST
The next FXDD Forex Trading Class will be taught Online on Thursday Feb 18th at 4pm. This is a free class taught by Greg Michalowski and Shawn Powell. You must pre-register for the class in advance to attend. Space is limited and you can >> sign up here | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Boobys Corner-Open Market-Feb.17.2010 Posted: 17 Feb 2010 05:11 AM PST
The JPY fell as signs that the global recovery is gaining traction, and Greece may not need a bailout made investors look for higher-yielding assets. Greeks Finance Minister in a meeting with other EU mionisters in Brussels said that “there is no actual need for a bailout”. World equity markets rose-and US Futures are pointing to a higher opening this morning. Speculation that data will support that US growth is accelerating-helped equity markets overnight. Oil:$77.57 Gold:$1125.50 Today’s Data:
Have a GREAT DAY & GOOD LUCK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| February 17th 2009 Pre NY Opening Forex Report is available for viewing Posted: 17 Feb 2010 02:27 AM PST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Eurozone trade balance greater than expectations Posted: 17 Feb 2010 02:02 AM PST Eurozone Trade Balance came in at 7.0B, stronger than the 4.2B expected and prior reading of 3.9B. Eur/Usd has seen a limited reaction as the pair currently trades at 1.3745. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 Feb 2010 01:54 AM PST Bank of England voted 9-0 to pause bond purchases on inflation. Gbp/Usd has risen back up to 1.5780. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 17 Feb 2010 01:36 AM PST UK Jobless Claims Change was up by 23,500, poorer than the -10,000 expected. The Claimant Count Rate remained unchanged at 5.0% as expected. The ILO Unemployment Rate also remained unchanged at 7.8% as expected. The initial market reaction was to sell sterling down to 1.5735 on the rise of jobless claims. The pound quickly rebounded to trade at pre-number levels with Gbp/Usd currently at 1.5755, Gbp/Jpy at 142.60 and Eur/Gbp at .8730. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 09:12 PM PST
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 07:19 PM PST The AUD/USD pair has been bouncing off moving averages after its 8 big figure free fall to start the new year. After initially finding support at the 200 day moving average, it was resisted on its retracement by the trending 21 day moving average. However, following yesterday’s rally the pair has broke through the 21 day and has slowed down as it approached the 100 day moving average and consequently the 61.8% retracement of the latest move. It will be interesting to see if more resistance could be found at the 100 day mavg on any additional appreciation for the pair.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 07:17 PM PST
The EURUSD has been mired in a 29 pip low to high range since 2:00 PM NYT. Eight hours later the 100 bar MA is moving sideways and the market is coiling for another move it seems. The bias is positive/bullish above the 100 bar MA. The bias is negative/bearish below. The 100 bar MA comes in at the 1.3765 level currently - where the price is located. A move below will confirm the downside bias with a push through 1.3750 recent low. From there the next target would be 1.3726 (200 bar MA currently - green line in the chart above). A move through there confirms the shorter term bias with 1.3695 the next support. A move higher should get a boost of confidence on a move through the 1.3779 level. From there the price action should target the 1.3800 level (50% of the 2009 high to low range and then 1.3837 (see chart below). Risk is small at the moment and the price consolidates and awaits the next push. Be aware. Be prepared.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 07:10 PM PST The NZD/USD pair had a strong rally on the back of retracing commodity prices and generally firm trading day for risk pairs across the board. On the chart below support at the 38.2% retracement of the latest move (1/14 .7440 - 2/5 .6806.) A break of this level could lead to another move against the Kiwi until more support could be found at the 2o0 day moving average.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 05:17 PM PST The market had no reaction to Japan’s tertiary industry activity which came in at -0.2%, the same as last months reading. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 16 Feb 2010 04:00 PM PST Australia’s Westpac leading index did not meet it’s prior reading of 1.0%, coming in at 0.5% for the month of December. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EURJPY moves higher on increased risk appetite Posted: 16 Feb 2010 03:20 PM PST
The EURJPY was vaulted higher today on increased risk appetite and corrective forces in the pair. The price rebounded to the 124.46 high yesterday which was in between the last low price on February 1st of 124.59 and the low from April 2009 at 124.36 (see chart above). The current price is back below these two levels at the 124.20 area and could look to target support against the 100 bar MA on the 5 minute chart at the 123.96 level. A move below should target lower levels with the potential to wander back down toward the 200 bar MA in the same chart at 123.38 currently. However, until that time the 100 bar moving average on the 5 minute chart is broken (see blue line in the chart below), the bias remains supportive with topside moves above 124.59 needed for an extension that could next see a test of the 125.91 area (38.2% of the last move down in the pair - see daily chart above).
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Good Morning:
| You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment