Forex Market Updates & Commentary |  |
- Weekly Wrap Up Show Friday October 7 2011 Rebroadcast
- The Forex Week Ahead for the week of October 10th 2011
- Week Ahead in Trading show this Monday 9:30 AM
- Total US Bank exposure to Euro Crisis est 640 billion
- EURUSD back below 200 hour MA at 1.3428. 1.3381-94 next target area
- Fitch maintains Portugal rating of BBB- with negative watch
- EURUSD falls on the 1-2 punch from Fitch debt rating cut of Italy and Spain
- Fitch says Italy has to raise capital to achieve Basel targets.
- Fitch downgrades Spain to AA-
- Fitch downgrades Italy to A+
- Forex Fast Track Workshop- Phoenix Arizona, Saturday October 15, 2011
| Weekly Wrap Up Show Friday October 7 2011 Rebroadcast Posted: 07 Oct 2011 02:17 PM PDT
Weekly Wrap Up Show- Friday at 11AM Register now | ||||
| The Forex Week Ahead for the week of October 10th 2011 Posted: 07 Oct 2011 12:39 PM PDT | ||||
| Week Ahead in Trading show this Monday 9:30 AM Posted: 07 Oct 2011 11:57 AM PDT
Week Ahead in Trading show this Monday 9:30 AM with Greg Michalowski and Shawn Powell- Register now | ||||
| Total US Bank exposure to Euro Crisis est 640 billion Posted: 07 Oct 2011 10:08 AM PDT This is according to a government report. This is higher than most other reports. I am trying to source the report. The Dow is down 45 points now. The risk on/risk off pairs will likely be influenced by the wiggles in the stock market between now and the close. The news is ending on a bad note with the downgrades and fresh concerns about Greece. Risk for the EURUSD is above the 1.3428 level (200 hour MA level currently). | ||||
| EURUSD back below 200 hour MA at 1.3428. 1.3381-94 next target area Posted: 07 Oct 2011 09:44 AM PDT
The EURUSD is below the 200 hour MA on the Friday afternoon Fitch downgrade of Italy and Spain. The level comes in at the 1.3428. The next target would be the 1.3381 to 1.3394 (see chart above). The EURUSD closed last Friday (4 pm close at 1.3394) and we are back to that level a week later. | ||||
| Fitch maintains Portugal rating of BBB- with negative watch Posted: 07 Oct 2011 09:33 AM PDT Say Fitch rating on Portugal may still be cut to junk status (which is one notch below the current rating). Moody’s rates Portugal at Ba2 and S&P has their Long term debt rated at BBB-
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| EURUSD falls on the 1-2 punch from Fitch debt rating cut of Italy and Spain Posted: 07 Oct 2011 09:28 AM PDT
The 1.34077 level is the 50% of the move up from the June 2010 low a t 1.1876 to the high reached in May 2011 (at 1.4939). The price is also below the trendline broken today at the 1.3443. This is now resistance for the pair. | ||||
| Fitch says Italy has to raise capital to achieve Basel targets. Posted: 07 Oct 2011 09:27 AM PDT | ||||
| Posted: 07 Oct 2011 09:17 AM PDT This is two notch lower from AA+ Moody’s has Spain at AA2 and S&P has them at AA
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| Posted: 07 Oct 2011 09:07 AM PDT Outlook negative. This is a one notch cut for Italy. EURUSD moves sharply lower to 1.3476 and rebounds back to 1.3500. Moody’s downgraded Italy to A2 earlier in the week. S&P has their long term debt rated A. | ||||
| Forex Fast Track Workshop- Phoenix Arizona, Saturday October 15, 2011 Posted: 07 Oct 2011 08:30 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 PDT (Pacific Time) 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. More details and register online at http://www.fxdd.com/fasttrack |
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