Forex Market Updates & Commentary |  |
- EURUSD pushes to 100 hour MA and 38.2% retracement
- NY Morning Commentary_A look at the FOMC Decision
- Forex Fast Track Workshop- Phoenix Arizona, Saturday October 15, 2011
- US Existing Home Sales Rise Over 5 Million
- Bobbys Corner-Open Market-Sept.21,2011
- Meanwhile RBNZ Bollard says NZ is overvalued
- RBA Battellino say optimistic weakness in EU and US will not make it into Australia
- IMF estimates bank risk exposure increased by 300 bln Euro due to debt crisis
- Ask the Chartist with James Chen – STARTING SOON at 10:00 AM ET
- Market talk that ECB is buying Italian bonds
- BOE Dale says inflation to move above 5% but fall materially next year
- US Exisiting Home Sales Data Due at 10AM
- Canadian CPI (m/m) 0.3% vs 0.1% forecast and 0.2% prior.
- German deputy finance minister says EFSF won big majority in Committee.
- Sterling lower after meeting minutes
| EURUSD pushes to 100 hour MA and 38.2% retracement Posted: 21 Sep 2011 08:06 AM PDT
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| NY Morning Commentary_A look at the FOMC Decision Posted: 21 Sep 2011 07:41 AM PDT | ||||
| Forex Fast Track Workshop- Phoenix Arizona, Saturday October 15, 2011 Posted: 21 Sep 2011 07:40 AM PDT Get on the FXDD Fast Track* with your Forex Trading – Live one day workshop, Saturday October 15, 2011 Learn from two highly respected industry professionals with years of real world financial and Forex trading experience, James Chen, CMT and FXDD's Director of Technical Analysis & Client Education, Author of "Essentials of Technical Analysis for Financial Markets" (Wiley May 2010)and Greg Michalowski, FXDD's Chief Currency Analyst, Author of "Attacking the Currency Trends" (Wiley, April 2011) How Fast Track works: The Fast Track workshop will begin with an interactive three-hour webinar session on Wednesday, October 12th and one on Thursday, October 13th. The webinars will take place at 6 PM EDT each day. These sessions will be recorded and will be available free for Fast Track attendees. On Saturday, October 15th, James Chen, Greg Michalowski and Shawn Powell will be in Phoenix to conclude the series with a full day of in-person training at the Scottsdale Marriott at McDowell Mountains. What you will get when you reserve your seat:
Fourteen hours of Forex training by two industry professionals with years of experience coming to your home town. This type of opportunity does not come every day, so act now.
Learn from two of the bestDuring the sessions, both James and Greg will take you on a detailed journey based on their own trading methodologies and strategies. Included will be:
A total of fourteen hours of forex training by two industry experts with over 50 years of experience coming to your home town. This type of opportunity does not come every day. It is time to act. So what does it cost?FXDD is making a commitment toward providing better and more meaningful trading education to their clients. We want you to succeed. Although this course could cost thousands of dollars elsewhere – and likely be taught by smooth talking trainers with a fraction of the experience – FXDD is offering the 14-hours of training with James and Greg for just $399. To make the offer even more enticing, FXDD will take part of your investment and deposit $200 directly into your FXDD trading account after graduation on Saturday* That's right, Fourteen hours of expert training at an exceptionally low cost to you If you would like to register or should have any questions, feel free to contact Shawn Powell, the FXDD Fast Track coordinator at 1 212.791.3933 x7187 or email him at spowell@fxdd.com . The event is limited in the number of students so please act early to ensure your spot in the class. Testimonials: “James Chen’s book is the perfect source of knowledge for those who haven’t ever traded currencies. Clearly explained, Chen’s easy to read style show that he knows what professional currency trading is, focusing on the important aspects that every trader should know. The book covers all important Forex trading related topics.” (fxstreet.com, March 11, 2009) "For Greg Michalowski, the familiar acronym "KISS" does not stand for "Keep it simple, stupid," but rather "Keep it simple for success." And success is precisely what Michalowski aims to deliver to readers. "Attacking Currency Trends" is a readable and straightforward text for any trader regardless of market preference. The subtitle hints at the Forex focus of the book, but the author's ideas and trading philosophies apply to any tradable vehicle." (SFO Magazine August 1, 2011) _____________________________________________________________________________________ *The following terms and conditions apply: New and Existing Clients: The cost of attending the FXDD Fast track Phoenix event on October 12-15 2011 is $399.00. The fee is non refundable and will cover the entry fee for one (1) individual participant. A portion of the event fee ($200) will be credited to the participant's live trading account as a trading bonus. To receive the trading bonus, the participant must have a live account with FXDD within 30 days of attending the event on October 15, 2011. In the event that the live portion of Fast Track is cancelled, FXDD will refund all paying participants the full registration fee of $399. FXDD is not responsible for other participant expenses, including but not limited to hotel, airfare or other fees associated with travel to and from the event. The one (1) time $200 trading bonus is for trading purposes only and may not be withdrawn. If the account is inactive and/or unfunded for 30 days, FXDD reserves the right to reclaim the $200 trading bonus or the remaining lesser balance in the account. All profits made from the credit must remain in the account for 90 days before being withdrawn. NOTE: FXDD is compensated through the bid/ask spread. Your costs may be more than the bonus deposit. FXDD reserves the right to change or amend the terms and conditions at any time. All funds in USD. All rights reserved, FXDD, LLC © 2011 | ||||
| US Existing Home Sales Rise Over 5 Million Posted: 21 Sep 2011 07:00 AM PDT Existing Home Sales: Survey: 4.75M Actual: 5.03M Prior: 4.67M Existing Home Sales (MoM): Survey: 1.7% Actual: 7.7% Prior: -3.5% Aug vs July 2011 (Measured in Millions) | ||||
| Bobbys Corner-Open Market-Sept.21,2011 Posted: 21 Sep 2011 06:28 AM PDT
I have returned from the 1st Saudi Money Expo, that was held in Riyadh, Saudi Arabia. It was a very interesting and informative expo, and the hosts from KSA were most gracious. I look forward to continued business opportunities in the Kingdom. The markets are all awaiting this afternoon’s FOMC announcement at 2:15 PM. What the Fed has in their back pocket, as their options are very limited at this time, is anyone’s guess. We will see what they come up with! Markets participants will be looking to see if the Fed takes an aggressive monetary easing position. Will the Fed be focused now on the long end, after always concentrating on the short end? In other international news-the UN General Assembly is meeting in New York this week. President Obama will address the session this morning. The President will apparently try to push for the Palestinians to drop their bid for statehood-as he tries to get both the Israeli’s and Palestinians back to direct peace talks. The administration feels that there is no shortcut fot statehood with the Palestinians, and that both parties must first make peace before a true state could be established. European equity markets are lower-and US Futres are mixed. The S&P is slightly lower-while Dow futures are slightly higher. HAVE A GREAT DAY & GOOD LUICK | ||||
| Meanwhile RBNZ Bollard says NZ is overvalued Posted: 21 Sep 2011 06:23 AM PDT But he sees a need to push rates up….. Bollard expects GDP to be soft but positive HMMM. >One statement points to lower NZDUSD the other a higher NZDUSD. The NSDUSD has moved a little lower on the headline. Trendline support at the 0.8180
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| RBA Battellino say optimistic weakness in EU and US will not make it into Australia Posted: 21 Sep 2011 06:22 AM PDT
The comments are more positive and has led to a move higher. | ||||
| IMF estimates bank risk exposure increased by 300 bln Euro due to debt crisis Posted: 21 Sep 2011 06:09 AM PDT
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| Ask the Chartist with James Chen – STARTING SOON at 10:00 AM ET Posted: 21 Sep 2011 06:03 AM PDT
Please join us today (Wednesday, September 21) at 10:00 AM ET for FXDD’s Ask the Chartist with James Chen. This free webinar will feature answers to questions from the audience regarding forex trading, technical analysis, and trading strategies. Please click here to register: https://www1.gotomeeting.com/register/310782769 . | ||||
| Market talk that ECB is buying Italian bonds Posted: 21 Sep 2011 05:53 AM PDT This is unsubstantiated chatter. but the EURUSD has been moving off the lows of the day and tests the 38.2% of the days trading range at the 1.36637 level.
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| BOE Dale says inflation to move above 5% but fall materially next year Posted: 21 Sep 2011 05:53 AM PDT
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| US Exisiting Home Sales Data Due at 10AM Posted: 21 Sep 2011 04:33 AM PDT
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| Canadian CPI (m/m) 0.3% vs 0.1% forecast and 0.2% prior. Posted: 21 Sep 2011 04:03 AM PDT Core CPI (m/m) 0.4% vs. 0.1% survey and 0.2% prior. | ||||
| German deputy finance minister says EFSF won big majority in Committee. Posted: 21 Sep 2011 03:32 AM PDT | ||||
| Sterling lower after meeting minutes Posted: 21 Sep 2011 02:07 AM PDT The UK Monetary Policy Committee voted unanimously in September to keep the benchmark interest rate at 0.5%, and the 8-1 to keep asset purchases at 200 billion GBP. In the BOE’s summary of business conditions they commented that the growth rate of nominal spending on goods and services has continued to decline and capacity utilization was normal. Following the release, the GDP declined against all of the major currencies and tested the recent 1.56317 low against the USD making a new session low of 1.56114, but recovered moderately. The market has since quieted down.
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