Forex Blog

Australian Nov Housing Finance -5.6% Vs Oct; Consensus -2.3%

2010-01-12T21:35:00.001-08:00

Australian Nov Housing Finance -5.6% Vs Oct; Consensus -2.3%

SYDNEY (Dow Jones)--The number of housing finance approvals in Australia fell a seasonally adjusted 5.6% in November from October, the Australian Bureau of Statistics said Tuesday.

Economists surveyed ahead of the announcement on average had expected a fall of 2.3% in November.


Australian housing finance approvals
===========================================
Period            Number          A$ Value
Nov 09            59,516          16.54 Bln
Oct 09            63,016          17.04 Bln
Nov 08            52,179          13.27 Bln
===========================================
(All data are seasonally adjusted.)

The value of investment housing loans in November rose 2.1% from October.

The bureau said its trend estimate for the number of housing finance approvals, which further smoothes seasonally adjusted data, fell 1.1%.

In a breakdown of the data, the bureau said the number of finance approvals to build houses fell a seasonally adjusted 6.5% and the number of approvals to buy newly built houses fell 5.1%.

The number of approvals for the purchase of established houses decreased 5.4%.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.

Japan November Current Account Surplus Y1.103 Tln; Expected Surplus Y1.029 Tln

2010-01-12T21:34:00.002-08:00

apan November Current Account Surplus Y1.103 Tln; Expected Surplus Y1.029 Tln

TOKYO (Dow Jones)--Japan's current account surplus expanded 76.9% from a year earlier in November, the Ministry of Finance said Tuesday.

The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at Y1.103 trillion in November before seasonal adjustment.

The result was better than a 64.96% increase in the surplus to Y1.029 trillion forecast by economists polled by Dow Jones Newswires and the Nikkei. In October, the surplus rose 42.7% to Y1.398 trillion.

Exports fell 7.0% on year to Y4.704 trillion, less than the 24.6% fall in October. Imports dropped 18.2% to Y4.214 trillion, compared to a 37.7% fall in October.

Income from overseas securities held by Japanese firms dropped 13.3% on year to Y732.8 billion as interest rates around the world remained lower than in the same month last year.

The current account measures trade in goods, services, tourism and investment. It is calculated by determining the difference between Japan's income from foreign sources against payments on foreign obligations and excludes net capital investment.


Web site:
http://www.mof.go.jp/bpoffice/e1c004.htm

-By Andrew Monahan, Dow Jones Newswires; 813-6269-2774; andrew.monahan@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.

UK posts better-than-expected trade balance and housing price figures

2010-01-12T21:34:00.001-08:00

FXstreet.com (Barcelona) – The UK's economy received some good news as the trade balance for the month of November fell beyond market forecasts and housing prices grew for the first time since April of 2008.

The UK's good trade deficit fell to £6.8B in November compared to the revised £7.0B for October. Analysts had predicted a more modest decline of £6.9B.

The total trade deficit followed suit, dropping to £2.9B in November from £3.2B in October and once again slightly bettering the expectations of £3.0B.

Housing prices grew by 0.6% last November, making it the first month of positive price growth since the spring of 2008. This result marks the eighth straight month of improvement in the health of the housing market, up from -2.2% in October and ahead of forecasts of 0.3% growth.

GBP/USD

GBP/USD (Jan 13 at 05:32 GMT)

1.6186/88 (0.16%)

H 1.61928 L 1.6133

S3	S2	S1	R1	R2	R3
1.6094	1.6134	1.6175	1.6189	1.6229	1.6270

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Germany's VDMA: Nov New Orders -12% On Year Vs -29% In October

2010-01-12T21:33:00.000-08:00

Germany's VDMA: Nov New Orders -12% On Year Vs -29% In October

FRANKFURT (Dow Jones)--The decline in incoming orders to Germany's engineering sector, the backbone of Europe's largest economy, slowed sharply in November, according to data released Tuesday by the VDMA industry association.

The VDMA said new orders in November were down only 12% from a year earlier, compared with a 29% drop year-on-year in October.

Domestic orders were down 8% from a year earlier, while export orders were down 12%.

"November's order inflows confirm again our assessment, that the sharp decline in machinery orders has come to an end," the VDMA's chief economist Ralph Wiechers said in a statement.

Wiechers noted that several sectors were now posting increases in order inflow in year-on-year terms, due in part to a very weak base month in November 2008, when the financial panic that followed the collapse of U.S. investment bank Lehman Brothers Inc. shattered business confidence and, consequently, big-ticket capital spending on new machinery.

On a rolling three-month basis, which smoothes out some of the volatility of the monthly data, new orders in the period September to November were down 25% from a year earlier, compared with a decline of 35% in the three months through October.

Web site: www.vdma.org

-By Geoffrey T. Smith, Dow Jones Newswires (+49 69) 29725-520; geoffrey.smith@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=HJGtRTNZvrBiUm5%2FSQTdUg%3D%3D. You can use this link on the day this article is published and the following day.

US trade deficit higher than forecast

2010-01-12T21:32:00.000-08:00

FXstreet.com (Barcelona) – The US trade deficit widened to $36.40B in November, up from October's revised figure of $33.19B.

This extension of the US trade gap was greater than market expectations which had foreseen a smaller increase in the range of $34.9B.

The US Census Bureau reported that exports of goods and services totaled $138.2B, while imports for goods and services were $174.6B for November.

EUR/USD

EUR/USD (Jan 13 at 05:31 GMT)

1.4489/92 (0.03%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

RBA sells A$313 Mln in November

2010-01-12T21:30:00.004-08:00

Australia's central bank sold 313 million AUD dollars net on the spot FX market in November, the lastest RBA bulletin showed. Not much when compareed to other months, AUDUSD slightly higher, above 90c.

BoE leaves Bank Rate on hold at 0.5%; QE unchanged

2010-01-12T21:30:00.003-08:00

FXstreet.com (Barcelona) - The Bank of England has announced its decision to maintain its Bank rate at 0.5% all-time low, and its Bonds Purchase Plan unchanged at GBP 200 billion, as widely expected.

The Boe will keep its benchmark record at 0.5%, the lowest level on record for the 11th month in a row, while the budget for its quantitative easing program will remain at GBP 200 billion. As usual, the Bank has not given any further detail of the meeting, whose minutes are due to be released on January 20.

The Pound has remained little moved, with GBP/USD right above 1.5910 support, after retreating from 1.6060 high on early Asian session, while GBP/JPY edged up from 148.00 to 1.4825 resistance level, which is being tested at the moment, and the EUR/GBP remains trading between 0.8990 and 0.9025.

EUR/GBP (Jan 13 at 05:28 GMT)

0.8948/50 (-0.16%)

H 0.8972 L 0.8943

S3	S2	S1	R1	R2	R3
0.8902	0.8924	0.8946	0.8952	0.8974	0.8996

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

BOJ Official: Low Japan Interest Rates May Persist Until 2011

2010-01-12T21:30:00.001-08:00

BOJ Official: Low Japan Interest Rates May Persist Until 2011

SHANGHAI -(Dow Jones)- Japan's low interest rates may persist until next year because of a poor outlook for the world's second-largest economy, a senior official from the Bank of Japan said Monday.

"It's a possible scenario" because current forecasts for the Japanese economy are weak, Shinobu Nakagawa, associate director-general of the BOJ's International Department, told Dow Jones Newswires on the sidelines of a forum.

Nakagawa also said an appreciating yen helps sustain demand for Japanese Government Bonds, as a strengthening currency discourages Japanese households from investing in foreign assets and instead helps banks draw more yen-denominated savings deposits.

-By Michelle Ng and Shen Hong, Dow Jones Newswires; 86-21-6120-1200; michelle.ng@dowjones.com

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Trichet Says Credible Fiscal Consolidation Key For Confidence

2010-01-12T21:29:00.000-08:00

Trichet Says Credible Fiscal Consolidation Key For Confidence

BASEL, Switzerland -(Dow Jones)- Governments around the world need to address excessive budget deficits in order to reassure investors, as the global economic recovery continues, European Central Bank president Jean-Claude Trichet said Monday.

Speaking in his capacity as chair of the Global Economy Meeting that brings together central bankers from major industrial and emerging market economies, Trichet said, "it seems to me that, at the global level, there is a confirmation of the progressive normalization of the economy," but cautioned that challenges remain.

"We have to get risk management significantly improved by market participants," Trichet said, adding "we are working very activity in this domain."

-By Nina Koeppen; Dow Jones Newswires; +49 171 569 4340; nina.koeppen@dowjones.com

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Fed's Hoenig: Mortgage Debt Buys Should End in March - Bloomberg

2010-01-12T21:28:00.000-08:00

Fed's Hoenig: Mortgage Debt Buys Should End in March - Bloomberg

DOW JONES NEWSWIRES

Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said the central bank should end its purchases of mortgage debt as planned in March because the private market for the securities is "healing," Bloomberg News reported on its Web site Monday. Hoenig said last week's Labor Department report of 85,000 U.S. jobs lost in December doesn't change his outlook for a "modest" and "persistent" recovery, with growth of 3% to 3.5% this year. The central bank should consider raising its target rate for overnight interbank lending from a record low even with unemployment at 10%, he said. U.S. central bankers debated increasing and extending asset purchases should the economy weaken, said Bloomberg, citing minutes from the Fed's Dec. 15-16 meeting. The central bankers pledged to complete $1.25 trillion in purchases of mortgage securities and $175 billion of agency debt by March, while holding the benchmark interest rate in a range of zero to 0.25% for an extended period.

Full story at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afiqqaIqRxok

-Dow Jones Newswires; 212-416-2900

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.

Forex: Asia wrap-up

2010-01-12T21:27:00.000-08:00

FXstreet.com (London) - Heading to the end of a relatively soft session as players paused for breath after sharp reactions in previous trade. After early gains major Dollar pairs consolidated during thin Asian trade.

Nikkei sustained losses of over 120 bps as investors flocked to safe haven assets classes such as the Dollar, moving away from riskier asset classes such as stocks and commodities. Commodity currencies were however resilient this session, regaining some losses against the Dollar.

Gold traded extremely tightly moving only cents around its current level of $1129, down around $30 from its highs in the previous session

London will likely open with some negative cues form the weakness exhibited in Asia. This week ECB release interest rate decision (Thurs) both of which have significant market moving potential, should rates be changed.

EUR/USD

EUR/USD (Jan 13 at 05:22 GMT)

1.4487/91 (0.01%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: CHF tempers multi-day rally versus EUR and USD

2010-01-12T21:26:00.002-08:00

FXstreet.com (Barcelona) – The Swiss franc has stopped its climb respect to both the euro and the dollar during today's trading. Even so, experts say there is still a “high possibility” of an intervention by the Swiss National Bank to keep the Swissy in check.

The EUR/CHF halted its slide with a modest daily rise to 1.4746 at the time of writing from an opening price of 1.4746. The CHF had been gaining non-stop on the EUR ever since Dec. 16.

The USD/CHF also cut its two-day fall with a very modest push to currently trade in the area of 1.0160.

Both pairs have been horizontal during today's trading.

Even so, the overall climate still points to a stronger Swissy and therefore action by the SNB, according to the Swiss e Trade Strategy Team.

“Since the beginning of the year, the Swiss franc has gained further strength [...] This development is unwelcome for Switzerland in times of a weak economy - especially against the euro, the small country's main trading partner,” says the Swiss e Trade Strategy Team. “The SNB, so far reluctant to act with instruments like quantitative easing, will not allow the CHF to strengthen much further. Direct interventions are a high possibility.”

USD/CHF (Jan 13 at 05:22 GMT)

1.0181/84 (-0.02%)

H 1.0207 L 1.0174

S3	S2	S1	R1	R2	R3
1.0126	1.0152	1.0177	1.0189	1.0214	1.0240

[?]Trend Index	[?]OB/OS Index
Strongly Bearish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: JPY flat vs Greenback, Asia firms but still down

2010-01-12T21:26:00.001-08:00

FXstreet.com (London) - Nikkei remains down slightly off the open. The Japanese stock market has come back somewhat after gapping to the downside nearly 70 points, as shock waves were sent through the markets in earlier trade. Chinas early tightening cycle coupled with some iffy early financial reports have totally dampened mood for risk appetite.

USD/JPY is currently trading at 91.13, virtually flat on open. Yen weakness overriding USD weakness this session, and seemingly overcoming an early Dollar rally to session highs of 91.36. Low of the session is currently being hit as the pair drifts to the downside as I write, trading now at 91.07.

For key support and resistance levels Valeria Bednarik, collaborator at FXstreet.com, guides us: “pair should extend current upside movement if manages to break above first resistance around 91.40. Stocks could weight against the cross, and send it lower if further risk aversion is seen after Nikkei opening. Support levels: 91.00 90.60 90.30. Resistance levels: 91.40 91.80 92.30."

USD/JPY

USD/JPY (Jan 13 at 05:20 GMT)

91.12/16 (0.18%)

H 91.35 L 90.87

S3	S2	S1	R1	R2	R3
90.5152	90.7426	90.9700	91.1500	91.3779	91.6058

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Pound holds the positive tonbove 1.6110

2010-01-12T21:25:00.000-08:00

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.6156. Capped under 1.6200, pair is losing upside momentum after renewed failure attempt of break above that level. Still pair holds a slightly bullish perspective as long as above 1.6100/10 support area, as 20 SMA in the hourly chart has a slightly positive slope, as well as 4 hours one.

Indicators show some upside exhaustion pointing for a corrective movement before next up leg. “Clear break under 1.6060 will deny further upside chances and likely turn the intraday trend bearish,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6110 1.6060 1.6010. Resistance levels: 1.6160 1.6195 1.6230.

GBP/USD

GBP/USD (Jan 13 at 05:24 GMT)

1.6184/88 (0.14%)

H 1.61928 L 1.6133

S3	S2	S1	R1	R2	R3
1.6094	1.6134	1.6175	1.6189	1.6229	1.6270

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: EUR/USD quoting 1.4479, Greece nothing to hide

2010-01-12T21:24:00.000-08:00

FXstreet.com (London) - EUR/USD has traded extremely softly this session, despite the stronger Dollar. Pair currently quoting at 1.4479, having successfully broken the strong 1.4500 support level of previous session, and just a few pips off from the opening price.

Credit worries are still lingering around the Euro and eyes this year will focus on the development and action of the respective government for many Eurostates including Spain, Portugal, Sweden and in particular Greece. The Greek leader yesterday bolster confidences somewhat by professing; “there re no more skeletons in the closet”.

Pair currently trades in relatively softly ahead of any major cues, after bottoming out at 1.4457. Trade balance fees and the series of major company reports will be the next key signs on the recovery road for investors.

For primary resistance we take 1.4500 (consolidation zone previous session), and for support should downside find momentum again, we look at 1.4450 (lower bound and previous support zone).

EUR/USD

EUR/USD (Jan 13 at 05:22 GMT)

1.4487/91 (0.01%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Dollar ends mix across the board

2010-01-12T21:17:00.001-08:00

FXstreet.com (Córdoba) – Greenback posted mix results on Tuesday across the board. The Dollar fell against the Pound and the Yen but rose against commodities-currencies, the Swiss Franc and the Euro. The Yen was the best performer among majors.

The Japanese currency rose across the board on the day that the central bank of China announced an increase of 0.50% on reserves requirement for commercial banks. The Yen rose across the board and reach a 3-week high against the Dollar after USD/JPY tumbled to 90.70.

Currencies tied to commodities were affected by the decline in stocks and materials. CAD, NZD and AUD fell against the Dollar. The worst performer was the Australian Dollar that was also affected by a big decline in gold prices.

The Pound posted moderate gains against the Dollar and the Euro. GBP/USD failed to break above 1.6200 but the pair had the highest daily close since December 18.

AUD/USD (Jan 13 at 05:09 GMT)

0.9231/33 (0.35%)

H 0.9239 L 0.9185

S3	S2	S1	R1	R2	R3
0.9181	0.9204	0.9227	0.9236	0.9259	0.9282

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Stocks finish in negative in the U.S.; Dollar mix

2010-01-12T21:14:00.002-08:00

FXstreet.com (Córdoba) – Markets in the U.S. finished lower on Tuesday. The Dow Jones fell 0.34% and the Nasdaq lost 1.30%. The stock indexes finished far from the lows. Commodities also fell. Greenback is mix across the board.

Regarding today’s session the ecPulse.com analysis team comments: ”U.S stocks declined by the end of today’s trading session as the worst than expected fundamentals released from the U.S. economy, whereas the trade deficit widened to $36.4 billion in the month of November, while China on the other hand increased the required reserves for banks in a step that was seen to hurt economic growth. However, we witnessed a drop in financial stocks, along with the drop that we witnessed in the S&P 500 for the first time in 2010 due to pessimism that dominated markets after Alcoa Inc results failed to meet expectations.”

EUR/USD is holding below 1.4500 and the Euro found support at 1.4485. The pair trades near the same level it had before the opening bell at Wall Street. GBP/USD trades above 1.6150 but failed during the American session to break above 1.6200. The Yen is consolidating gains across the board as it continues to trade near intra-day high across the board.

EUR/USD (Jan 13 at 05:10 GMT)

1.4483/84 (-0.01%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Colombia's IGBC Index Falls; Exito Lower On Chavez Threats

2010-01-12T21:14:00.001-08:00

Colombia's IGBC Index Falls; Exito Lower On Chavez Threats

BOGOTA (Dow Jones)--Colombia's benchmark IGBC stock index fell 0.6% on Tuesday, dragged down by a weak U.S. market and lower crude prices.

Shares in state-controlled oil firm Ecopetrol fell 1% to 2,445 Colombian pesos ($1.25), while Canada-based based oil company Pacific Rubiales Energy Corp. (PRE.T, PEGFF) fell 0.3% to COP28,900 as the price of crude fell, said Eduardo Sanchez, a stock analyst with local brokerage Valores Bancolombia.

Pacific Rubiales announced Tuesday it had drilled two successful appraisal wells in Colombia.

"Pacific Rubiales had some successful results, but, due to the behavior of the crude price, this wasn't reflected in the share price," Sanchez said.

Shares in Colombia's largest retailer, Almacenes Exito SA (EXITO.BO), fell 1.4% to COP19,700 after the Venezuelan government shut four hypermarkets owned by Cativen, in which Exito has a 28% stake. The markets were closed for 24 hours to investigate whether the firm was involved in price-gouging.

"The market shouldn't be worried," Laurent Zecri, Exito's chief financial officer, told Dow Jones Newswires. "This was a preventive measure. They didn't find any price that had been increased and we are respecting the law in Venezuela."

Cativen operates 6 hypermarkets and 32 supermarkets in Venezuela, Zecri said.

On Sunday, Venezuelan President Hugo Chavez threatened to seize businesses that increase prices in response to the devaluation of the Bolivar. On Friday, Chavez cut the official currency peg to 4.3 bolivars per dollar from the previous rate of VEF2.15. Importers of essential goods such as food and medicine will buy currency at a subsidized rate of VEF2.6.

The Colombian peso firmed to COP1,962, from 1963.50 on Friday. This is the sixth straight day the peso has appreciated. The rally is being driven by the government converting dollars it raised by bond sales on international capital markets into local currency, said Felipe Munoz, who manages a fund of dollar government bonds for local brokerage Corredores Asociados.

The Colombian treasury placed the equivalent of $2.5 billion in bonds on international markets in 2009, of which $2 billion will be spent in 2010. Since most government spending is in pesos, the treasury sells dollars for pesos on the foreign exchange market.

On the debt markets, the yield on the benchmark peso-denominated government bond maturing in 2020 rose to 8.889% from 8.625% on Friday.

-By Matthew Bristow, Dow Jones Newswires. 57 314 2983277; colombia@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=HJGtRTNZvrBiUm5%2FSQTdUg%3D%3D. You can use this link on the day this article is published and the following day.

Forex: EUR trades flat vs. Greenback, Dollar strength on flight to safety

2010-01-12T21:13:00.000-08:00

FXstreet.com (London) - Major US indices were down today, with the financial sector initiating the move south for American equities. Obama today spoke of a potential new levy on banks to help refund the bludgeoning American economy and investors feared the worst.. Nikkei opened significantly lower, off 70 basis points from previous close.

In early Asian trading the Dollar was flat across its major pairs today, broad picture looks like this: EUR/USD 1.4474/78 (-0.08%), Swissy 1.0191/93 (+0.08%), Cable 1.6153/57 (-0.05%), USD/JPY 91.18/21 (+0.21%).

EUR/USD has traded a volatile in previous session, matching 3-week highs of 1.4550 touched in a recent session before coming off and drifting well below 1.45. The Obama release and weaker stock market has damaged appetite for risk and caused a return to safe haven assets such as the Dollar. This has caused renewed Greenback strength across the board.

Valeria Bednarik, collaborator at FXstreet.com guides us on the technicals: “Technically, pair has been ranging with the downside capped by the 1.4450 area, first support for next hours. Indicators are flat on the hourly around mid levels giving no clear perspective. Pair needs to break under mentioned support or confirm an acceleration above 1.4565 to define next movements.”

The pair is up just 3 pips from the open and currently trades at 1.4478

EUR/USD

EUR/USD (Jan 13 at 05:10 GMT)

1.4483/84 (-0.01%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Interest to buy Aussie took the currency to 0.9225

2010-01-12T21:12:00.002-08:00

eased off since as the dollar rallied no real flows have been seen and has continued to trade in a 0.9195 - 0.9225 band.

Forex: JPY flat vs Greenback, Asia firms but still down

2010-01-12T21:12:00.001-08:00

USD/JPY

USD/JPY (Jan 13 at 05:07 GMT)

91.16/17 (0.22%)

H 91.35 L 90.87

S3	S2	S1	R1	R2	R3
90.5350	90.7625	90.9900	91.0700	91.2977	91.5254

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:18 (15-minute timeframe)

Forex: Loonie sideways, in range 1.0415-1.0385

2010-01-12T21:11:00.002-08:00

FXstreet.com (London) - USD/CAD is trading range bound this session. Oil was slightly off on warmer weather forecasts in the US. In addition general market sentiment has compounded losses by the newfound Dollar strength and market move away from risky asset. Change in sentiment forces oil under $80 for the first time this year.

Dollar strength seems to have slowed now in Asian trade. This slowdown, particularly against Loonie, could be attributed to the close trading relationship between the US and Canada. Indeed, a stronger US economy to a certain extent improves the Canadian economy.

Pair currently trades softly, range bound between 1.0415 and 1.0385.

USD/CAD currently trades at 1.0400, down a solitary pip this session. PreciseTrader see’s choppier trade ahead as the general theme for the pair: “The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 10270 holds and Daily Trend is Sideways Down while 10535 holds, so expect the price to be Choppy with a Upside bias. ”

USD/CAD

USD/CAD (Jan 13 at 05:10 GMT)

1.0381/83 (-0.07%)

H 1.0412 L 1.0373

S3	S2	S1	R1	R2	R3
1.0316	1.0342	1.0368	1.0385	1.0410	1.0436

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Dollar yen facing a battle at 91.00 as we see the dollar coming under pressure

2010-01-12T21:11:00.001-08:00

Euro and cable starting to move higher. Euro protected on the base where it is rumored Central Banks have good buying interest around the 1.4550 level.

Commodities Corner: Gold and Oil flat, thinly traded

2010-01-12T21:10:00.001-08:00

FXstreet.com (London) - Oil weakened slightly this session on thin Asian trade, but essentially held its post US session level of just a shade under $80. OPECs previous comments are surely supporting oil at its current level, a group of the leading producers say they are comfortable with oil in this range.

Chinese monetary tightening has further dampened investor expectations of speedy global recovery and thus has adversely effected the oil price. Recent cold weather across the Northern hemisphere had bumped oil prices up, however with meteorologists reporting warmer weather due, oil has shed some gain in recent trade..

Front month WTI currently trades at 79.90.

Gold bullion has traded extremely thinly this session, not moving since shedding $1 in early trading. The precious metal currently trades at $1129.

EUR/USD (Jan 13 at 05:09 GMT)

1.4481/87 (-0.03%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: EUR/JPY range trading, -3 pips

2010-01-12T21:09:00.003-08:00

FXstreet.com (London) - EUR/JPY is down just 3 pips at the time of writing. Despite initially trading to the upside, pair receded from intraday highs of 132.26 to consolidate at current level.
Pair represents the battle between medium term weakening Yen and a long-term weakening Euro. Euro was boosted slightly in recent trade by comments from the Greek leader.

With pair currently trading at 131.86, seems to have hit resistance and beginning consolidation at current level. Pair is trading sideways in tight band between 131.55 and 132.00, having tested both sides of the range unsuccessfully several times this session. As such we see both these levels as primary support and resistance with secondary barrier as the 5 Jan low for support (131.25).

EUR/USD (Jan 13 at 05:09 GMT)

1.4481/87 (-0.03%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4409	1.4445	1.4481	1.4491	1.4527	1.4563

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: Pacific pairs off year highs, risk appetite wanes

2010-01-12T21:09:00.001-08:00

FXstreet.com (London) - The AUD and NZD both have traded to the upside midway through the Asian session. The two commodity currencies have proven resilient against the Dollar strength. Gold has traded flat this session, consolidating at around $1130 after its earlier freefall, and can be seen as effectively supporting the pairs.

AUD is currently trading just off session highs in early trade against the Dollar. Aussie trades at 0.9224 (+15 pips) and the Kiwi quotes at 0.7403 , up 20 pips on the session.

With risk appetite dampening previously these movements could represent some easing on that side. We find resistance for AUD/USD at 0.9260 (US session high), and for NZD/USD, take 0.7428 (US session high) and after that 0.7445, (year high).

AUD/USD (Jan 13 at 05:08 GMT)

0.9233/37 (0.37%)

H 0.9239 L 0.9185

S3	S2	S1	R1	R2	R3
0.9181	0.9204	0.9227	0.9236	0.9259	0.9282

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

Forex: Dollar relatively flat, calmer after upmove

2010-01-12T21:07:00.000-08:00

Xstreet.com (London) - Dollar traded largely flat across its major trading partners in the Asian session today, after strengthening in earlier sessions. Greenback was boosted by a swing in risk appetite due to Chinese policy adjustments, which caused a return to safe haven assets.

Dollar has moved seemingly against the tide of recent announcements, such as Bullards earlier words of caution to the market, however the main driver for the recent upmove is widely viewed as China. Players seem to be returning to risk aversion given the uncertainty of the financial reports to come in the next weeks.

The broad picture for the Greenback against its major partners as we head to the Asian close is as follows: EUR/USD 1.4486/89 (unch.), Swissy 1.0182/83 (unch.), Cable 1.6186/89 (+0.16%), USD/JPY 91.08/10 (+0.13%).

EUR/USD

EUR/USD (Jan 13 at 05:04 GMT)

1.4489/92 (0.03%)

H 1.4495 L 1.4454

S3	S2	S1	R1	R2	R3
1.4406	1.4442	1.4478	1.4488	1.4525	1.4561

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Jan 13 at 04:18 (15-minute timeframe)

GBP/USD Current Price: 1.6507

2010-01-12T21:05:00.001-08:00

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6507. Holding just under 1.6520 static resistance zone, along with 200 EMA. Hourly indicators have turned slightly bullish, pointing for some gains in the next hours, thus clear opening above 20 SMA will give further support to the bias.

“Above that, next resistances come at 1.6550 and 1.6600, 20 SMA in the daily; pair has reached and retreat strongly that level several times, suggesting that another failure attempt could turn the pair bearish in the midterm,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6470 1.6440 1.6410. Resistance levels: 1.6520 1.6550 1.6600.

GBP/USD

GBP/USD (Jan 13 at 05:01 GMT)

1.6187/92 (0.16%)

H 1.61928 L 1.6133

S3	S2	S1	R1	R2	R3
1.6083	1.6123	1.6164	1.6180	1.6221	1.6261

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Jan 13 at 04:18 (15-minute timeframe)

[ View GBP/USD technic

Forex – the Beginner’s Guide

2009-11-02T01:23:00.000-08:00

If you are a beginner and you are want to gain knowledge about the Forex market then you need to know about the Forex beginner’s guide.

If you want to become the full time trader then you need to practice for two years an learn about the Forex market. You should learn about the different techniques that are used for trading in Forex. You should know the different ways of earning huge profit in this huge market of profit and loss. If you are a beginner and you are searching for the guide that can help you to get the knowledge about the market then The Beginners Guide is the best option for you:

1.) search For The Forex Education Provider:-

There is wide difference between the gambling and investing in Forex. You should try to learn each and every thing about the Forex. You should learn about the different ways that you can use for investing in market. if you want to gain the perfect knowledge about the Forex then you need to search for the trustworthy source that can fulfill your knowledge of getting the perfect information about the Forex market. There is no limit for learning. Learning can take place at any age. There is no age limit for learning.

2.) Find A Forex Broker:

There are many Forex brokers that don’t know the importance of time. You would find that the Forex brokers are of different shapes and size. You can choose the broker as per your requirements. You broker would help you to know the different trading strategies that would aid you to earn huge profit as soon as possible. You would also come to know the legal strategies of trading in Forex. You would also come to know about the appetite of risk. Before selecting the broker you should do little bit of research work that would help you to know about the basic concepts of trading. You should try to find a source that would show you difference between the brokers and you can choose the perfect broker for yourself.

3.) Search for Trading System:

You would not have any difficulty in searching the trading system. There are many systems that can help you to earn profits and fulfill you dreams. If you do research work then you would not have problem in selecting the trading system that would fit into your personality.

4.) Practice:

Practice makes the man perfect. If you do the practice of trading then you would get the desired fruits. If you want to improve your system then you need to recollect the teaching of your Forex class. If you want to become a successful trader then you need to open a demo account.

5.) Learning:

Learning is a continuous process. Learning does not have any end. Learning would improve your trade. If you stop learning then you would not be able to earn the desired results. Learning can take place at any age. There is no age limit for learning.

Forex Software System Trading

There are many people that are not aware about the importance of the forex software system trading.

Forex system trading software is called as forex robots. Robots are considered to be the assistance of the automated. This helps the currency trader to live a simple life. The forex market keeps on changing. It would change in seconds. Due to this you would have difficulty in taking the profit of the changes that are taking place in the market. So, many forex trader use forex to take the benefits of the changes that are taking place in the market. The trader use software to increase their profits.

You would not have any difficulty in configuring the automatic forex trading software. You would not have any difficulty in operating this software as there are many in which you just need to follow the manual steps that are given by the training videos. There is some software that provides the facility for the demo accounts as this would aid the system managers to increase their faith in the software system. They even provide the facility for autopilot.

The following are the 6 steps that would help you to configuring the forex robot:

1. You should try to download the MTA trading software that would help in the soft functioning of your software.

2. You should add the forex robot in the MT4 software.

3. There are many developers that can help you to register the forex robot.

4. You can try to open metatrader software and then you drag the forex robot on the pair graph that you want to select and want to take the advantage of the facility.

5. You should try to complete the basics configuration of the instructions that are given by the software. You can add or you can deposit the investment that is made by you.

6. After this you should watch the changes that are taking place in the market or in the software.

The most important advantage of the forex market is that it is open for 24 hours in a week. Due to this it is considered to be the global market. You can trade form any corner of the world. You can accesses this market whenever you are free. You don’t need to decide a particular for operating this forex market. it would allow you to trade any time form any where in the world. Sometimes it would be impossible for you to stop trading. You can use the forex robots to set certain limitations.

If you want to gain information about the trading system then you need to look at net there are many sites that would help you to collect the information that would be helpful in forex trading market. Net would aid you to make comparison and then select the software are per your needs and demands. You need to be careful in selecting the software as there are many software companies that would try to misguide you and it would not provide you the guidelines that you need.

Forex – The Easiest Way to Earn Money

In 1997 Forex trading was found and today it is considered to be the world largest providers. Forex trading would aid you to become rich in short duration of time. Global Forex trading gives you an opportunity to deal in online currency trading. You can become billions in limited span of time.

Global forex provides its services to different countries of the world. You can access this system form any corner of the world. You just need to have the computer that has internet connection. This market is open for 24 hours. You can access it whenever you are free. You can use DealBrook FX2 software to take the maximum benefit of this market. It gives you an opportunity to price more than 60 pairs of currency. The experts of Global Forex are famous for providing its services to its customers. There are some currency news bulletins and charts are provided by the market. Global Forex trading is considered to be the best platform for the beginners and the experts of Forex market.

Advantages of Forex Trading:

The most important benefit of Forex market is that it is open for 24 hours. In today’s world it is considered to be the best liquid market. This market provides leverages of 100 to 1. This would reduce the requirement for the large capital. If you want to trade in Forex then you don’t need to pay the commission. It is commission free market. This commission free trading is available for more than 60 countries.

Other most important benefit is that it is the global market and there are no restrictions of trading in this market. The market conditions would not have any effect on your profit. You can take the advantage of the best opportunities.

The small investors can also take the benefits of the opportunities that are provided the Forex market. All type of investors can take the benefit of this market. Different types of investors can take the benefit of this market. Before investing in the market you should know the basic concepts of the Forex market.

If you wan to know other importance of the market then you should explore your self to internet. If you are a beginner then it would help you to way different ways that would help you to earn huge profits and you can also make comparison between different traders and then select the trader as per your demands. You should be careful in selecting the trader. There are many traders that would try to take the advantage of your situation and they would not provide you proper guidelines to its users. They would try to exploit you by charging high rate of commission. Remember one thing that if you want to become a successful trader then you need to consult the expert of the particular field and then invest. These experts would give you necessary guidelines and would help you to select the best trader for your deal.

Guidelines of Forex Tracer

Nowadays, more and more people are getting interested in the Forex trading. Many forex traders are now investing funds into the forex markets in order to earn more profits. Those individuals that are trading currently on the forex markets must have a small idea about the forex robots. These forex robots are also known as forex autopilots. These robots can earn your enormous profits. You will get a handsome amount of profits to make up for your investments. Some individuals may have received no benefit from their investments with the assistance of the forex robots. However, this also depends on the skills and trading approach of a person.

One of the products that are of great help to the forex traders currently is the Forex Tracer. It has been applied to work and has proved to be extremely useful. When it was tested by various individuals, in most cases it has produced desirable results. It has been given the name forex tracer because it can trace various riches which are underside the forex markets. And these riches and treasures traced by the forex tracer would assist you to be a frontrunner.

The forex tracer works on your behalf. It is just like a professional counselor that gives you the necessary indications, also harvests the earnings form the forex markets and mines. It is totally an automatic system. It does not require your involvement to work. However, there are some requirements of the forex tracer. First and foremost, you must have a speedy terminal in your desktop or laptop that is compatible with the system of forex trader. Even, your net connection must be dependable as well as steady. If you want desired outcome, then the above mentioned criterion must be fulfilled before employing the forex tracer. You can easily gather a five figure gain amount if you use the forex tracer properly, within a period of ten days.

The unique feature of the forex tracer is that it has an alternate to backtest. Due to this option you can check the potential of the forex tracer up to your satisfaction. It may so happen that you being at the beginner’s level do not know anything about trading on the forex markets. In order to solve this issue there is a provision of a demonstration from which you can gain knowledge about the forex dealings if you want to earn profits at the initial stage.

Once, you employ the forex trader it starts working autonomously. It is based on some dependable equations related to mathematics and algorithms that are pretty refined. These factors work flawlessly with the aim of benefiting you. The forex market is very unstable. Due its easy liquidity, there is no certitude of any kind. The forex tracer works on these unpredictable forex market conditions. The reason behind the flawless functioning of the forex tracer is that it is created by thorough professionals of the forex industry. It has a technology that most of the common dealers are unaware of.

Forex Autopilot System

If you are unaware about the importance of Forex Autopilot system then Forex trading software is best option for you.

Forex Autopilot System would help you to know about the different ways of earning huge profits. This system has the ability to analyze the different trends of the market and the system would place the orders for you. You do not require to place the orders for your trade.

Forex Autopilot System is considered to be the professional advisor. You can use this system to do the trading operations. If you are not aware about the Forex Autopilot System then technicalities can provide you necessary information.

Before purchasing the software you need to find the details about the different types of software and then select the best software for your consumption. You need to collect the necessary information about the product that you purchase and take advantage of. It would help you to get the best results in short duration of time.

If you want to download the Forex Autopilot System then you need to open Demo account that would help you to test the software. You can start testing the demo account with nominal charges. This way you would be able to earn huge profits and make less loss.

If you want to configure the system then you need to follow the instructions that are given by the software. The traders would help you to set the size of the lot and try to maximize the number of your orders.

There are two parameters limits that you can use for Forex Autopilot System. You can find the value of each pip and make comparison between them and then the values that you found can be easily translated in the dollar. This would aid you to know whether you are making profits or loss. You can place the several trades at a particular point of time.

These setting play a vital role in Forex Autopilot System. You should place the trade as per your account size. Your margin would help to manage your trade. It would give your protection against the loss. This is the important factor that you should take into consideration if you want to deal in Forex Market.

The makers of this software would guide you to use pip of 0.1 sizes or you can use the pip of 1 trade. This is considered to be the safest approach. You should always deal in safest approach as this would help you to select the safest way of investing in Forex Autopilot System.

If you have gathered the necessary information then you should not delay in investing your money in Forex Autopilot System. This system would help you to get the desired results in short duration of time. It would make you rich as soon as possible.

If you want to take the advantage of the safe margin then you need you should expand your trade. This software would help you to earn huge profits in limited span of time

Using Professional Advisors

If you are leaner then you need to take the advice of the professionals that would help you to get the necessary details about forex.

A professional would provide necessary details about the data that are provided by the different brokers. It would also help you to earn the huge profits within limited span of time. If you want to get success in the filed of forex market then you need to deal with the professional of the forex. The following are some reasons that would help you to know of dealing in forex:

At least for two days live the broadcast:

You should try to contact your dealer at least twice in a day. This would help you to collect the information about the different tactics that are used in forex trading. They would provide you all necessary information about the trading in forex.

Programmed professional advisor:

They would provide information according to the likes and dislikes of the clients. This is one of the new form and the largest way of dealing in programmed professional advisor. They would provide you information about the forex tracer and the funnel.

Daily report of forex:

The expert would sell this report to each and very customer or they would provide the package of these services to their clients. You should try to educate yourself about the knowledge and with the basic standards of the forex trading system. You can use these reports to examine the deals that are offered by your trader. This way you would be able to select the best deal for yourself.

Archives of content:

The trader would update their reports daily and would try to take the back up that would help in using the membership that is allowed by the traders to its users. If you have missed some seminars then archives would help you to compensate the seminars that are missed by you.

Private forums:

The forums of forex are unique and long lasting. Forex is al place where clients can interchange the opinions and up date the sessions for questions and answer. If your client has a query then you can consult the whole community of the traders that are dealing in forex.

If you want to collect more information about the forex then you need to explore yourself to net there are many sites that would help you to collect the information that you were looking for. It would also help you to make difference between the different sites and then select the trader as per your needs and requirements. But you need to be careful in selecting the trader as there are frauds that would try to take the benefit of your situation. They would try to exploit you. So , you need to be aware of these frauds. Net would help you to make comparison and then select the trader as per your demands. You should not take hap – hazard decisions in selecting the trader. This would lead you towards losses.

Online Forex Trading Policies

Online forex trading policies would help you to earn huge profits as soon as possible.

If you want to become the full time broker then you need to practice a lot. This in turn would help you to become the experienced trader in foreign currencies. There are many brokers that would help you to earn huge profits in the foreign currencies.

You can use this information technology to find the easiest ways to deal in forex trading market. You experience would help you to become the successful broker in the world of forex market. This is the most easiest and unique way to deal in forex market. if you want to trade in forex market then you to find the details of the currencies that you are willing to deal in. if you a learner then you should start your investment with small amount. If you want to become a successful trader then you need to update the fluctuations that are taking place in the market.

You can exchange the currencies at different rates at a particular point of time. If you want to take the advantage of the forex chart then you don’t need to pay for the chart that you want to take. In media
you don’t have to pay the heavy charge for the services that you want to take the advantage of the services.

New agencies would monitor the forex market. These agencies would try to find the flash card that would help to run the headlines that can be used for broadcasting the event. Earlier the projection for the financial selection was printed in most of the newspapers. If you want to find the details about the course then you need to find the details of the courses that are offered by the forex market.

There are many online traders that would help you to get the required knowledge about the forex trading and it would also help you to know about the different ways of dealing in forex market. Internet is the best source to collect information about the different types of sources that are available on the net.

There are many printed evidences that would help you to find the details about the different ways of trading with online forex. If you want to take the necessary details about the product then you need to explore yourself to various sources that would help you to gather the details that you want to gather and take advantage of.

Forex would help you to concentrate on the limited currencies and not on all currencies. Forex would help you to look at the different types of portfolio. If you are dealing with the experienced forex trader then you would find that they would provide you proper guidelines and they would not charge high price for their consultation. They would try to utilize the forex trading for fulfilling their requirements and needs.

There is some forex software that would help you to make the computation of the profit and the loss that are made by the trader. It would also help you to know about the trends that are going in the market of forex.

Futures Quotes

2009-11-02T01:17:00.000-08:00

DOW JONES INDUSTRIAL AVERAGE (DJIA) INDEX FUTURE ($10) (ZD) - CBOT (ELECTRONIC)/C1	02/11/09
Last: 9.730,00	Change: +66,00 / +0,68%
BID: 9.723,00	ASK: 9.726,00
High: 9.730,00	Low: 9.654,00

S&P 500 FUTURE (SP) - CME (ELECTRONIC)/C1	02/11/09
Last: 1.040,30	Change: +7,30 / +0,71%
BID: 1.040,10	ASK: 1.040,40
High: 1.041,50	Low: 1.027,20

NASDAQ-100 (ND) - CME (ELECTRONIC)/C1	02/11/09
Last: 1.673,00	Change: +7,50 / +0,45%
BID: 1.672,50	ASK: 1.673,25
High: 1.673,00	Low: 1.654,25

FTSE 100 INDEX FUTURE (Z)/C1	02/11/09
Last: 5.034,00	Change: +33,00 / +0,66%
BID: 5.033,50	ASK: 5.034,00
High: 5.042,00	Low: 4.990,00

DAX FUTURE (FDAX) - EUREX/C1	30/10/09
Last: 5.400,00	Change: -193,50 / -3,46%
High: 5.603,50	Low: 5.382,50

DJ EURO STOXX 50 FUTURE (FESX) - EUREX/C1	30/10/09
Last: 2.723,00	Change: -92,00 / -3,27%
High: 2.824,00	Low: 2.712,00

NIKKEI 225 - DOLLAR BASED (NKD) - CME (ELECTRONIC)/C1	02/11/09
Last: 9.845,00	Change: +105,00 / +1,08%
BID: 9.845,00	ASK: 9.850,00
High: 9.850,00	Low: 9.825,00

IBEX-35 FUTURE (FIBX) - MEFF/C1	02/11/09
Last: 11.392,00	Change: +49,50 / +0,44%
BID: 11.391,00	ASK: 11.394,00
High: 11.405,00	Low: 11.274,00

CAC 40 INDEX FUTURE (FCE)/C1	02/11/09
Last: 3.607,00	Change: +17,50 / +0,49%
BID: 3.607,00	ASK: 3.607,50
High: 3.613,50	Low: 3.574,50

FTSE MIB INDEX FUTURE (FTMIB)/C1	30/10/09
Last: 22.005,00	Change: -710,00 / -3,13%
BID: 21.945,00	ASK: 21.965,00
High: 22.875,00	Low: 21.910,00

10 YEAR U.S. TREASURY NOTES (ZN) - CBOT (ELECTRONIC)/C1	02/11/09
Last: 118,50	Change: -0,11 / -0,09%
BID: 118,48	ASK: 118,50
High: 118,81	Low: 118,42

30 YEAR U.S. TREASURY BOND FUTURE (ZB) - CBOT (ELECTRONIC)/C1	02/11/09
Last: 119,94	Change: -0,22 / -0,18%
BID: 119,91	ASK: 119,94
High: 120,44	Low: 119,88

EURODOLLAR (GE) - CME (ELECTRONIC)/C1	30/10/09
Last: 99,71	Change: 0,00 / 0,00%
BID: 99,70	ASK: 99,71
High: 99,71	Low: 99,70

EURO BUND FUTURE (FGBL) - EUREX/C1	02/11/09
Last: 122,02	Change: +0,12 / +0,10%
BID: 122,02	ASK: 122,03
High: 122,08	Low: 121,88

ICE BRENT CRUDE FUTURES (BRN) - ICE/C1	02/11/09
Last: 75,94	Change: +0,74 / +0,98%
BID: 75,94	ASK: 75,95
High: 76,07	Low: 74,98

ICE WTI CRUDE FUTURES (WBS) - ICE/C1	02/11/09
Last: 77,62	Change: +0,62 / +0,81%
BID: 77,60	ASK: 77,61
High: 77,73	Low: 76,63

ICE UK NATURAL GAS FUTURES (GWM) - ICE/C1	02/11/09
Last: 35,96	Change: -0,85 / -2,31%
BID: 35,65	ASK: 36,10
High: 36,90	Low: 35,96

World Foreign Exchange Rates

2009-11-02T01:16:00.000-08:00

Major Currencies

Pair	Bid	Change	%	Open	High	Low	Close	Time
EURUSD	1.4763	0.0048	0.3262	1.4715	1.4782	1.4681	1.4763	Mon, Nov 2 2009, 09:16 GMT
USDJPY	90.21	0.54	0.6022	89.67	90.32	89.17	90.21	Mon, Nov 2 2009, 09:16 GMT
GBPUSD	1.63471	-0.00545	-0.3323	1.6404	1.6478	1.6343	1.63471	Mon, Nov 2 2009, 09:16 GMT
USDCHF	1.0225	-0.0029	-0.2828	1.0257	1.028	1.0205	1.0225	Mon, Nov 2 2009, 09:16 GMT
USDCAD	1.0821	-0.002	-0.1845	1.0841	1.0869	1.0768	1.0821	Mon, Nov 2 2009, 09:16 GMT
NZDUSD	0.7209	0.0055	0.7688	0.716	0.7232	0.7079	0.7209	Mon, Nov 2 2009, 09:16 GMT
AUDUSD	0.9053	0.0089	0.9929	0.8966	0.908	0.8904	0.9053	Mon, Nov 2 2009, 09:16 GMT
EURAUD	1.6297	-0.011	-0.6704	1.6408	1.6505	1.6265	1.6297	Mon, Nov 2 2009, 09:16 GMT
EURCHF	1.5095	0.0002	0.0133	1.5093	1.5108	1.5078	1.5095	Mon, Nov 2 2009, 09:16 GMT
EURJPY	133.17	1.2	0.9093	131.96	133.43	130.97	133.17	Mon, Nov 2 2009, 09:16 GMT
EURGBP	0.90292	0.00616	0.6869	0.8968	0.90304	0.895	0.90292	Mon, Nov 2 2009, 09:16 GMT
GBPCHF	1.6715	-0.0106	-0.6302	1.6823	1.6862	1.6712	1.6715	Mon, Nov 2 2009, 09:16 GMT
GBPJPY	147.46	0.37	0.2515	147.11	148.54	145.75	147.46	Mon, Nov 2 2009, 09:16 GMT
CADJPY	83.35	0.66	0.7982	82.69	83.671	82.03	83.35	Mon, Nov 2 2009, 09:16 GMT
CHFJPY	88.21	0.81	0.9268	87.42	88.38	86.73	88.21	Mon, Nov 2 2009, 09:16 GMT
AUDCAD	0.9797	0.0081	0.8337	0.9719	0.9804	0.9652	0.9797	Mon, Nov 2 2009, 09:16 GMT
AUDJPY	81.67	1.27	1.5796	80.38	81.98	79.43	81.67	Mon, Nov 2 2009, 09:16 GMT

Brokers/FDMs News

2009-11-02T01:15:00.001-08:00

Brokers/FDMs News

Alpari Group launches institutional trading platform Alpari Direct Pro powered by Currenex® Technology
Thu, Oct 29 2009, 14:32 GMT
The Alpari Group, one of the world’s fastest growing providers of online foreign exchange (FOREX) services, today announced the launch of Alpari Direct Pro, an institutional trading platform powered by Currenex®, a recognized and award-winning leader in the provision of innovative trading solutions to the active-trading segment of the Forex market.

Read All

New NFA Rules Cap the Leverage on Majors and Exotic Currency Pairs
Wed, Oct 28 2009, 15:00 GMT
Please be advised that the CFTC has recently approved rule-amendments of the U.S. regulatory body, the National Futures Association (NFA), to change the maximum leverage requirements for customers of forex dealer members (FDMS).

Read All

Alpari (UK) grows beyond expectations
Tue, Oct 27 2009, 11:34 GMT
Alpari (UK), one of the world’s fastest growing providers of online foreign exchange (FOREX) continues its rapid global expansion, supported by a combined client growth of nearly 100 percent (98.56 %) at the company’s offices in London, Mumbai and Shanghai since the start of 2009.

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Interbank FX to Exhibit at Sydney’s 2009 Trading and Investing Expo
Tue, Oct 27 2009, 11:29 GMT
Interbank FX (www.ibfx.com), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, will be participating in the ninth annual Trading and Investing Seminars and Expo. This expo will be held at the Sydney Convention & Exhibition Centre from Friday 30 October to Saturday 31 October.

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Top 10 Favorites on DailyFX.com
Tue, Oct 27 2009, 11:01 GMT
DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched last week. DailyFX is constantly expanding and improving its offerings, and has released a brand new version of the website.

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Interbank FX named finalist in the Sixth Annual Stevie® Awards for Women in Business
Wed, Oct 21 2009, 09:43 GMT
Interbank FX, (www.ibfx.com), a leading provider of online off-exchange retail foreign currency (Forex/FX) trading services, has been named a finalist in the sixth annual Stevie Awards for Women in Business, honoring Marilyn McDonald, VP of Customer Experience in the “Best Executive—Service Business” category.

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DailyFX.com Re-launches Web Site: New Tools for Forex Traders
Tue, Oct 20 2009, 14:43 GMT
DailyFX.com (www.dailyfx.com) FXCM’s free news Web site, had a complete site overhaul and the new fresh, easier to navigate layout was launched this past weekend.

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ACM – Advanced Currency Markets Raises Additional Share Capital
Tue, Oct 20 2009, 14:17 GMT
The shareholders of ACM (www.ac-markets.com), the top Swiss online currency trading firm, endorsed an additional capital raise of 10 million CHF during their latest general assembly.

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dbFX holds latest in series of ‘Psychology of trading’ webinars for forex traders
Tue, Oct 20 2009, 14:04 GMT
dbFX.com, Deutsche Bank’s online retail foreign exchange (FX) trading platform, is holding the latest in its series of webinars to help traders better understand the psychology of their trading.

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CitiFX Pro Launches on MetaTrader
Fri, Oct 16 2009, 09:14 GMT
Citi today announced CitiFX Pro, Citi’s online foreign exchange (FX) trading platform for active individual and small institutional traders, is now available on MetaTrader, the global leader in technical analysis and programmatic FX trading.

Currency Focus

2009-11-02T01:14:00.002-08:00

Currency Focus

EUR/USD

EUR/USD: Euro, expected to recover from 1.4690 support - Commerzbank
FXstreet.com | Mon, Nov 2 2009, 09:12 GMT
The Euro weakened last week from opening levels above 1.500 to 1.4680 low, which has been tested twice, at the moment, the Euro trades above 1.4750 and, according to Karen Jones, technical analyst at Commerzbank, the pair could pick up during the week, from 1.4690 support area.

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GBP/USD

GBP/USD: Pound breaks below 1.6400, hits day low at 1.6350
FXstreet.com | Mon, Nov 2 2009, 08:17 GMT
The Pound is weakening sharply on early European session times and after being rejected at 1.6480 , the Sterling has given away more then 100 pips, breaking below 1.6400 to hit an intra-day low at 1.6350.

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USD/JPY

USD/JPY gapped to the downside
FXstreet.com | Mon, Nov 2 2009, 01:36 GMT
USD/JPY Current Price: 89.64. Pair gapped to the downside, reaching an intraday low of 89.15 before bouncing back to test 61.8% retracement of the last daily rally from 88.00 to 92.30.

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USD/CHF

USD/CHF jumps to 1.0260
FXstreet.com | Fri, Oct 30 2009, 14:52 GMT
Dollar is rising sharply against the Swiss Franc. USD/CHF fell earlier to 1.0154, (intra-day low) but rebounded and started to rally to the upside.

READ ALL

Other currencies

AUD/USD: Aussie bounces from 0.8900, back above 0.9050
FXstreet.com | Mon, Nov 2 2009, 08:52 GMT
Australian Dollar's decline from 0.9175/85 resistance area, tested unsuccessfully on Thursday and Friday, found support at 0.8900, on early Asian session, and the pair advances at levels above 0.9070 on early European session.

FXstreet.com (Barcelona) - The Pound is weakening sharply on early European session times and after being rejected at 1.6480 , the Sterling has given

2009-11-02T01:14:00.001-08:00

FXstreet.com (Barcelona) - Australian Dollar's decline from 0.9175/85 resistance area, tested unsuccessfully on Thursday and Friday, found support at 0.8900, on early Asian session, and the pair advances at levels above 0.9070 on early European session.

To resume uptrend the Aussie should break above 0.9200, according to Liviu Flesar, technical analyst at InnerFX: "The Aussie dollar recovers after finding support on the .8900 handle but has yet to break above .9200 to confirm uptrend resumption. Current recovery could be a result of pricing-in tomorrow’s RBA Interest Rate decision which is expected to rise rate by .25% to 3.50%."

At the moment, with the pair approaching 0.9100, according to Flesar, next resistance levels lie at 0.9120/30, 0.9200 and 0.9250/70. On the downside, support levels are 0.9000, 0.8950 and 0.8900

AUD/USD

AUD/USD (Nov 02 at 09:14 GMT)

0.9060/70 (1.07%)

H 0.908 L 0.8904

S3	S2	S1	R1	R2	R3
0.9017	0.9040	0.9062	0.9082	0.9105	0.9128

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Nov 02 at 09:05 (15-minute timeframe)

Forex: GBP/USD: Pound breaks below 1.6400, hits day low at 1.6350

2009-11-02T01:13:00.001-08:00

FXstreet.com (Barcelona) - The Pound is weakening sharply on early European session times and after being rejected at 1.6480 , the Sterling has given away more then 100 pips, breaking below 1.6400 to hit an intra-day low at 1.6350.

At the moment, the Pound struggles to remain above 1.6360 support area, in case of further decline, next support could be at 1.6245 (Oct 19 and 26 lows), and 1.6125 (Sept 30, Oct 8 high). On the upside, above 1.6400, the pound could find resistance at 1.6440 (Oct 27 high) and above here, 1.6475 intra-day high and 1.6550.

According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the Pound will remain moving between 1.6665 and support around 1.6300 support: "Sterling is trapped below important resistance around 1.6665 and support from the growing Ichimoku ‘cloud’ and Fibonacci retracement. This should dominate again this week so that Cable moves less than other currencies."

GBP/USD

GBP/USD (Nov 02 at 09:13 GMT)

1.6364/66 (-0.23%)

H 1.6478 L 1.6343

S3	S2	S1	R1	R2	R3
1.6286	1.6326	1.6367	1.6385	1.6426	1.6467

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Nov 02 at 09:05 (15-minute timeframe)

GBP/USD Current Price: 1.6507

2009-11-02T01:12:00.001-08:00

GBP/USD

GBP/USD (Nov 02 at 09:10 GMT)

1.6357/61 (-0.27%)

H 1.6478 L 1.6343

S3	S2	S1	R1	R2	R3
1.6286	1.6326	1.6367	1.6385	1.6426	1.6467

[?]Trend Index	[?]OB/OS Index
Slightly Bearish	Neutral
Data updated on Nov 02 at 09:05 (15-minute timeframe)

Being Prepared

2009-11-02T01:07:00.000-08:00

FOREX Planning will Keep You from Losing Money

With a little FOREX planning you are prepared for every situation you may face in your trading. This FOREX planning helps to ensure you’ll be consistent in your trading no matter what happens. To make sure you cover everything, your Forex planning should consider:

* Rules for entering, adding to, and getting out of your positions.

* An action plan in case your trading computer, internet connection, broker, power, telephone etc. break down, or fails to be of any real use.

* What you will do if you are unable to trade.

* What you will do if you lose a certain percentage of your account

* What you will do if all the markets are closed and you can’t get out of your current positions.

Unless you have answers for all these scenarios, you stand a good chance of losing money and should invest in some FOREX planning. With the answers, and discipline you’ll be able to tell if you trading system needs to be tweaked, or if it’s just the markets

Finding t FOREX Broker

It’s not always easy to know what to look for in a broker in any market, much less a market as complex as the FOREX. But, if you want to trade in FOREX you need a FOREX broker. While it might be tempting to simply ask the FOREX brokers what they can do for you, you can’t always depend on them to give you a straight answer. Here are a few things to consider when choosing your FOREX broker.

You will want a broker that has low spreads. Since FOREX brokers don't charge a commission, this difference is how they make money. Low spreads will save you money.

Along with this, you should be looking for a broker attached to a reputable institution.

Unlike equity brokers, FOREX brokers are usually attached to large banks or lending institutions. The broker should also be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity Futures Trading Commission (CFTC).

Once you’ve narrowed your choices down to brokers that won’t cost you too much, and that are reputable, consider the trading tools that they are offering you. FOREX brokers have many different trading platforms for their clients, just like brokers in other markets. These often show real-time charts, technical analysis tools, real-time news and data, and may even offer support for the various trading systems.

Before you commit to any one broker, request free trials of their tools. Brokers generally provide technical as well as fundamental commentaries, economic calendars, and other research to help you make good trades. Shop around until you find a broker who will give you what you need to succeed.

About Forex Trading Signals

It is in the year 1997 that forex was first introduced and started working. It is the biggest currency market of today, involving millions of traders and nearly two trillion dollars. It is risky and fast, requiring from you to be smart and able to take fast decisions. Every day new and new people are deciding to start their own forex business. Before you begin trading, there are a lot of things you have got to know. You can not just venture into forex trading without knowing at least the bas

Euro seems exhausted in the hourly chart

2009-09-15T22:46:00.003-07:00

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4667. Consolidating close to Monday’s highs, pair seems a bit exhausted in the hourly chart, with both momentum and RSI, pointing for a downside correction despite Nikkei 225 open up 0.7%, supporting some risk appetite, if managed to extend the upside rally. Still above 20 SMA with a bullish slope, break above yesterday’s high of 1.4686 will send the pair to test the 1.4720 zone ahead of 1.4770 next resistance level.

“To the downside, 1.4610 should keep corrective movements capped to support further rises in the next hours, “ said Valeria Bednarik, collaborator at FXstreet.com. Bigger time frames show pair is consolidating inside a small continuation triangle, so as long as 1.4655 support remains intact, figure will remain valid.

Support levels: 1.4655 1.4630 1.4600. Resistance levels: 1.4720 1.4770 1.4830.

EUR/USD

EUR/USD (Sep 16 at 05:43 GMT)

1.4677/79 (0.10%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

Euro seems exhausted in the hourly chart

2009-09-15T22:46:00.002-07:00

EUR/USD

EUR/USD (Sep 16 at 05:43 GMT)

1.4677/79 (0.10%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

Yen remains under 91.00

2009-09-15T22:46:00.000-07:00

FXstreet.com (Buenos Aires) – USD/JPY Current Price: 90.86. Back bearish after strong retreat form 91.70 key resistance level, pair remains under 91.00 and with a bearish outlook in the hourly chart; capped by 20 SMA and with indicators pointing for further losses, if the pair breaks under 90.55 support, expect a retest of the 90.20 zone; under this last, pair should accelerate the fall with a midterm target at 87.10, past January lows.

“Only above 91.35 pair could change bias, “said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 90.55 90.20 89.80. Resistance levels: 91.10 91.35 91.70.

USD/JPY

USD/JPY (Sep 16 at 05:43 GMT)

90.95/97 (-0.05%)

H 91.17 L 90.76

S3	S2	S1	R1	R2	R3
90.5002	90.7276	90.9550	91.0650	91.2927	91.5203

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

Yen remains under 91.00

2009-09-15T22:44:00.005-07:00

USD/JPY

USD/JPY (Sep 16 at 05:43 GMT)

90.95/97 (-0.05%)

H 91.17 L 90.76

S3	S2	S1	R1	R2	R3
90.5002	90.7276	90.9550	91.0650	91.2927	91.5203

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

USDJPY: Importer bids towards 90.70

2009-09-15T22:44:00.003-07:00

Importer bids on the downside towards 90.70 has held USDJPY from slipping further today. Bids were tested earlier but not filled. There are more bids back towards 90.50 and 90.20. Topside, sellers are scattered all the way back up to the overnight high, with stops now above 92.00

Quick look at order books

2009-09-15T22:44:00.001-07:00

With risk appetite high, the AUDUSD has continued to grind higher, taking out some small stops above 8650. Market is focusing on 8680, but have heard from a few traders that there are some good seller orders just ahead of 8700 with more stops above. Downside suppor,t firmly in place at 8620 for the day.

Euro still strong supported by risk appetite

2009-09-15T22:40:00.001-07:00

Tue, Sep 15 2009, 23:56 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) - The EUR/USD remains strongly bullish, consolidating close to past Monday’s high; that signals chances of further upside movements are high, with key 1.4720, past December high, as first resistance level to consider; as there are also good chances of stop losses just above that level, expect the pair to gain momentum if breaks the resistance, with next level to watch at 1.4770, followed by the 1.4830 zone. To the downside, first support lies at 1.4650, followed by the 1.4605 level, and strong 1.4550 support zone.

Asian stocks are expected to open higher following Wall Street, yet at least this week that was something that did not happened; with non fundamental data to watch, currencies will likely follow Nikkei 225 and Shanghai Composite during this session. If both fall, expect some downside correction in the pair, thus limited as sentiment will likely keep Euro well bid.

EUR/USD

EUR/USD (Sep 16 at 05:35 GMT)

1.4675/79 (0.08%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/USD technical studies ]

New highs for stocks; new lows for the Dollar

2009-09-15T22:39:00.003-07:00

Tue, Sep 15 2009, 21:49 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – Comments and data fueled equities in the U.S. Wall Street rose and main stock indexes posted fresh highs for the year. The Dow Jones closed at 9680 points and the S&P500 at 1053; both closed at the highest level since October of 2008. Ben Bernanke said that the recession is “likely over” and earlier the Commerce Department announce that retail sales jumped 2.7% on August, while analyst where expecting an increase of 2%. The Dollar fell across the board again posting fresh multi-month low against the Euro and the Swiss Franc.

Dollar weakness continues

EUR/USD jumped during the American session rising from 1.4580 to 1.4688, posting the highest price since December. Greenback failed to hold gains and lost ground. The pair has fallen seven times in the last eight days.

Cable fell across the board on Tuesday but during the American session recovered part of the losses. GBP/USD bottomed at 1.6400 (one-week low) and from there rose, but failed to hold above 1.6500. The par fell for second day in a row. Against the Euro, Cable plunged to a 4-month low. EUR/GBP rose above 0.8840 to 0.8890.

The Yen finish mixed across the board. USD/JPY is back above 91.00 but only a few pips on top of the opening price. GBP/JPY tumbled to 149.40 posting a two-week low. Currently the pair is holding above 150.00. EUR/JPY rose breaking above key level at 133.30.

EUR/USD (Sep 16 at 05:35 GMT)

1.4675/79 (0.08%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/USD technical studies ]

Forex: USD/JPY back above 91.00

2009-09-15T22:39:00.001-07:00

Tue, Sep 15 2009, 20:45 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The Dollar managed to recovered against the Yen after falling to 90.80. The Japanese currency weakened and failed to hold below 91.00 against the Dollar. USD/JPY is back on top of 91.00 but only a few pips above. The pair is rising for the second day in a row, current price at 91.05/07 is 0.20% above today’s opening price. Despite the increase Greenback is far form intra-day high that was set during the European session at 91.60.

The Yen is rising for the day against Cable but in the last hours the rally eased. GBP/JPY is back above 150.00 after falling 149.50 posting the lowest price in two weeks. EUR/JPY on the other side is rising and consolidating above 133.50 which suggest that the pair could continue rising in the next hours. The next resistance above 133.70 lies at 134.15.

EUR/JPY (Sep 16 at 05:36 GMT)

133.51/56 (0.07%)

H 133.72 L 133.2

S3	S2	S1	R1	R2	R3
132.90	133.23	133.57	133.73	134.06	134.39

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/JPY technical studies ]

Forex: GBP/USD rebounds at 1.6400 and tests levels above 1.6500

2009-09-15T22:38:00.000-07:00

Tue, Sep 15 2009, 19:48 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – Cable found support at 1.6400 and from there started to rise. GBP/USD topped at 1.6510 posting the highest price for the American session. The rally in U.S. equities boosted Cable. Currently the pair is back below 1.6500 and is still down for the day, 0.50% below today’s opening price. The next resistance lies at 1.6520 (Sep 14 low) and above at 1.6590.

Against the Euro, the Pound plunged today falling to a fresh 4-month low. EUR/GBP rose to 0.8895 posting the highest price since May 15th.

EUR/GBP (Sep 16 at 05:36 GMT)

0.8914/20 (0.26%)

H 0.89192 L 0.8886

S3	S2	S1	R1	R2	R3
0.8867	0.8890	0.8912	0.8921	0.8943	0.8966

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/GBP technical studies ]

Forex: Euro rises to 1.4678, fresh 2009 high

2009-09-15T22:37:00.001-07:00

Tue, Sep 15 2009, 17:47 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The rise in equities is sending Greenback down across the board. EUR/USD recently broke above 1.4652 to 1.4678, posting a fresh high for the year. The pair is now 0.25% above today’s opening price and is extending a seven day rally. On the upside the next resistance lies at 1.4700 and above at 1.4715 (Dec 18 high).

The FastBrokers Research Team affirms: “Technically speaking, the EUR/USD is still riding high off of last Tuesday’s breakout to the topside. The currency pair continues to set higher lows while trading above the psychological 1.45 level. We still place significance on Tuesday’s movement since the EUR/USD leapt to new 2009 highs. There aren’t any concrete, historical downtrend lines we can cross through present ranges. Hence, the medium-term uptrend is clearly intact. “

EUR/USD

EUR/USD (Sep 16 at 05:31 GMT)

1.4678/79 (0.10%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/USD technical studies ]

Forex: Greenback falls below 91.00 against the Yen

2009-09-15T22:36:00.002-07:00

Tue, Sep 15 2009, 17:22 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The rise in U.S. markets boosted the Yen against the Dollar in the last hours. USD/JPY fell below 91.00 to 90.80, only two pips above intra-day low at 90.78. In case the pair breaks below the next support lies at 90.60. Current price at 90.92/94 is 0.05% above today’s opening price. On the upside resistance is located at 91.55 (intra-day high) and above at 91.90 and 92.10.

The FastBrokers Research Team afirms: “Despite the USD/JPY’s negative tendency, the currency pair seems to be running out of room to the downside since it has historical trading ranges nearby dating back to December 2008 and January 2009 lows. Meanwhile, investors continue to act off of the belief that the DPJ will enact economic policies supportive of a stronger Yen. However, it remains to be seen whether the BoJ will alter its monetary policy approach in any dramatic way.”

USD/JPY

USD/JPY (Sep 16 at 05:31 GMT)

90.99/03 (-0.01%)

H 91.17 L 90.76

S3	S2	S1	R1	R2	R3
90.5002	90.7276	90.9550	91.0650	91.2927	91.5203

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

Forex: EUR/USD trades above 1.4600 after bouncing at 1.4560

2009-09-15T22:36:00.001-07:00

Tue, Sep 15 2009, 16:42 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The Euro is trading back above 1.4600 level against the Greenback after falling 65 pips from 1.4626 to post intra-day low at 1.4560 in the minutes following the better than expected US retail sales report. During the American session, euro has recovered almost all of its previous losses and pair has risen to trade above 1.4600.

Currently the pair is trading around 1.4605/15, 0.10% below today's opening price action at 1.6578.

According to Mohammed Isah, technical analyst at FXTechtrade, current downtrend is a corrective one and the Euro will resume uptrend: "Its overall trend remains higher suggesting that the mentioned price action remains corrective of its MT uptrend. In such a case, its minor support printed Monday at 1.4514 will come in as initial support ahead of its stronger support residing at the 1.4446 level, its Aug 09 high where a reversal of roles is expected to turn EUR higher again."

EUR/USD

EUR/USD (Sep 16 at 05:31 GMT)

1.4678/79 (0.10%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/USD technical studies ]

CURRENCIES: Dollar Gains After Retail Sales, Price Data

2009-09-15T22:35:00.003-07:00

Tue, Sep 15 2009, 15:54 GMT
http://www.djnewswires.com/eu

CURRENCIES: Dollar Gains After Retail Sales, Price Data

By Deborah Levine

The dollar gained versus major counterparts Tuesday, after a pair of economic reports said retail sales and producer prices rose more than economists expected, encouraging speculation that the economy is reviving.

The dollar index (DXY), a measure of the U.S. unit against a basket of rival currencies, traded at 76.822, up from 76.727 in New York trade Monday afternoon.

The dollar rose to 91.18 Japanese yen, up from 91.02 yen late Monday.

Retail sales rose 2.7%, in large part stemming from the so-called "cash-for-clunkers" program. Still, excluding automobiles, sales increased 1.1%.

A separate report showed wholesale prices rose 1.7% last month. Excluding food and energy, prices increased 0.2%, also more than expected.

A third report from the New York Federal Reserve Bank said its Empire State Manufacturing index rose to 18.9 in September from 12.1 in August.

"This morning's economic reports were overwhelmingly positive for the U.S. dollar with fundamentals overshadowing risk appetite," said Kathy Lien, director of currency research at Global Forex Trading.

For months, the greenback has tended to move in the opposite direction as equities as investors' willingness to buy riskier assets fluctuates. That trend has shown signs of diminishing in the past month or so, and resuming its more traditional correlation to economic data.

"The feel good effect of today's numbers provided players with an excuse to trim back on short U.S. dollar positions with the greenback clearly in oversold territory," said Michael Woolfolk, senior currency strategist at Bank of New York Mellon.

The dollar stayed up after another report said business inventories declined 1% in July, roughly in line with expectations.

The euro traded at $1.4604, from $1.4614 versus the dollar on Monday.

The single currency was under more pressure in the overnight session after a gauge of German investor confidence posted a weaker-than-expected rise in September, but then trimmed losses.

The Mannheim-based Center for European Economic Research, or ZEW, said its economic expectations index rose to 57.7 in September, up from 56.1 in August. Economists had forecast a rise to 59.5.

British pound

The British pound was the big mover on currency markets, dropping versus the greenback and falling to a three-month low versus the European single currency after Bank of England Governor Mervyn King said the Monetary Policy Committee was considering a cut in the deposit rate paid on some reserves held by commercial banks at the BOE.

Such a move would penalize banks for holding reserves above a certain level at the central bank, spurring them to buy bonds and other assets. That would effectively expand the central bank's quantitative-easing program, analysts said.

The pound fell 0.9% versus the U.S. dollar to $1.6431. The euro moved to its highest level against sterling since June, and changed hands in recent action at 88.92 pence.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=TGHFz2YpriWEC26XTTeOsA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 15, 2009 11:54 ET (15:54 GMT)

Forex: GBP/USD extends decline to 1.6400 as fresh 1-week low

2009-09-15T22:35:00.001-07:00

FXstreet.com (Barcelona) – The Sterling has continued with its today's drop against the Greenback on the back of the King's morning comments and the better than expected US today's data. GBP/USD has fallen 260 pips since the early European session from intraday high at 1.6660 to test 1.6400 and trade at 1-week low levels.

Currently the pair is trading around 1.6520/30, 0.90% below today's opening price action at 1.6578.

Valeria Bednarik, FXstreet.com collaborator, comments: “Strong fall in Gbp, halted around static support zone around 1.6440, suggest some upside correction before another attempt to break lower, as hourly indicators reached oversold conditions. Bigger time frames turned bearish yet 200 EMA in 4 hours charts, around mentioned 1.6440 is capping the downside. We need to see the pair clearly under to call for further downside movements here.”

Bednarik provides us with her levels: “Support levels: 1.6440 1.6400 1.6370. Resistance levels: 1.6480 1.6520 1.6550.”

GBP/USD

GBP/USD (Sep 16 at 05:32 GMT)

1.6457/62 (-0.17%)

H 1.6513 L 1.6449

S3	S2	S1	R1	R2	R3
1.6374	1.6415	1.6456	1.6470	1.6511	1.6552

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View GBP/USD technical studies ]

WORLD FOREX: Dollar Remains Higher On Encouraging US Data

2009-09-15T22:34:00.003-07:00

WORLD FOREX: Dollar Remains Higher On Encouraging US Data


  By Bradley Davis
  Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The dollar remains stronger against the euro and yen late morning Tuesday after better-than-expected U.S. economic data gave the U.S. currency at least a temporary lift from its post-summer slide.

Whether the dollar can sustain its burst of strength is uncertain, analysts said. In choppy trading, the U.S. currency has already given back some of its post-data gains to the yen and euro.

The latest report on retail sales, which analysts had said are key to a U.S. economic recovery, came in better than expected, with a 2.7% increase, boosted by the government's "Cash for Clunkers" car-buying program. The U.S. Producer Price Index rose 1.7% in August, higher than the 1% analysts had expected.

In addition, the New York Fed's Empire State business-conditions index climbed to 18.88 in September, its highest level since late 2008.

The three reports painted a more encouraging picture of the U.S. economy than investors have been accustomed to seeing.

That the dollar gained on positive U.S. data could be a sign that the dollar sell-off has hit a floor, said Brian Dolan, chief currency strategist at Forex.com in New Jersey.

Late Tuesday morning in New York, the euro was at $1.4596 from $1.4612 late Monday, according to EBS via CQG. The dollar was at Y91.29 from Y91.00. The euro was at Y133.25 from Y132.98. The U.K. pound was at $1.6440 from $1.6562, while the dollar was at CHF1.0387 from CHF1.0355.

The euro had been on a tear against the dollar since the U.S. Labor Day holiday last week, when risk appetite flooded back into the market. The euro hit a nine-month high against the dollar on Monday.

The common currency slipped below $1.4561 in morning trading as investors repositioned after the U.S. data and consolidated after the euro's recent rally.

Still, traders said they expected the euro to remain within its new range.

"We believe the euro extended itself last week, and I think we're just consolidating in these ranges," said Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.

The euro within the next few days should trade in a range from $1.4450 to $1.4650, said Sacha Tihanyi, a currency strategist with Scotia Capital in Toronto.

Even if the dollar is given temporary boosts by improving U.S. economic data, the euro is likely to strengthen to $1.50 by the end of the year, based on concerns over U.S. fiscal health, including mounting deficit spending, Tihanyi said.

A significant decline in the dollar had been called a threat to U.S. financial stability in comments Monday from San Francisco Federal Reserve President Janet Yellen. She added that the Fed doesn't have control over the currency, but takes the dollar's movements into consideration when setting monetary policy.

Meanwhile, the pound fell sharply overnight - and continues to fall - after Bank of England Governor Mervyn King said cutting the rates that the BOE pays on deposits could be a "useful supplement" to monetary policy.

The pound sank swiftly from $1.66 to the $1.6525 area, a six-day low against the dollar, immediately after King made the comments in a testimony to a parliamentary committee. It later kept on falling.

Similarly, the euro shot up from GBP0.8786 to GBP0.8828, marking a three-month high against the pound.

"The fact that he made comments around the scope for a rate cut is not supportive for the currency. Given that sterling has performed quite well of late, this is a reality check," said Phyllis Papadavid, a currencies analyst at Societe Generale in London.

-By Bradley Davis, Dow Jones Newswires; 212-416-2654; bradley.davis@dowjones.com

(Katie Martin in London, Cassandra Sweet in San Francisco, Paul Evans in Toronto and Riva Froymovich in New York contributed to this article.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=TGHFz2YpriWEC26XTTeOsA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 15, 2009 11:26 ET (15:26 GMT)

U.S. markets fluctuates to negative territory after a positive opening

2009-09-15T22:34:00.001-07:00

FXstreet.com (Barcelona) - U.S. markets have reversed after a slightly positive opening, buoyed by upbeat macroeconomic figures, to go through moderate losses oner hour after opening levels. Currently Wall Street is mixing red and green numbers.

Dow Jones Industrials Index drops 0.1%, while the Nasdaq Index edges up 0.14% but the S&P Index trades 0.15% below its opening level, one hour after the opening.

GBP/USD remains trading very close to intra-day low at 1.6415, as the pair remains several pios below 1.6450, the EUR/USD has bounced at 1.4560 low as the pair tests levels right below 1.4600 and the USD/JPY has ulled down from intra-day high at 91.65 and is testing levels at previous intra-day high 91.25.

EUR/USD (Sep 16 at 05:31 GMT)

1.4678/79 (0.10%)

H 1.4685 L 1.4655

S3	S2	S1	R1	R2	R3
1.4599	1.4636	1.4672	1.4686	1.4723	1.4760

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

[ View EUR/USD technical studies ]

CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data

2009-09-15T22:33:00.001-07:00

CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data

By Deborah Levine

The dollar gained versus major counterparts Tuesday, after a pair of economic reports said retail sales and producer prices rose more than economists expected, encouraging speculation that the economy is reviving.

The dollar index (DXY), a measure of the U.S. unit against a basket of rival currencies, traded at 76.936, up from 76.727 in New York trade Monday afternoon.

The dollar rose to 91.22 Japanese yen, up from 91.02 yen late Monday.

Retail sales rose 2.7%, in large part stemming from the so-called cash-for-clunkers program. Still, excluding automobiles, sales increased 1.1%.

A separate report showed wholesale prices rose 1.7% last month. Excluding food and energy, prices increased 0.2%, also more than expected.

A third report from the New York Federal Reserve Bank said its Empire State Manufacturing index rose to 18.9 in September from 12.1 in August.

"This morning's economic reports were overwhelmingly positive for the U.S. dollar with fundamentals overshadowing risk appetite," said Kathy Lien, director of currency research at Global Forex Trading.

For months, the greenback has tended to move in the opposite direction as equities as investors' willingness to buy riskier assets fluctuates. That trend has shown signs of diminishing in the past month or so, and resuming its more traditional correlation to economic data.

The dollar stayed up after another report said business inventories declined 1% in July, roughly inline with expectations.

The euro traded at $1.4577, from $1.4614 versus the dollar on Monday.

The single currency came under pressure after a gauge of German investor confidence posted a weaker-than-expected rise in September, but then trimmed losses.

The Mannheim-based Center for European Economic Research, or ZEW, said its economic expectations index rose to 57.7 in September, up from 56.1 in August. Economists had forecast a rise to 59.5.

British pound

The British pound was the big mover on currency markets, dropping versus the greenback and falling to a three-month low versus the European single currency after Bank of England Governor Mervyn King said the Monetary Policy Committee was considering a cut in the deposit rate paid on some reserves held by commercial banks at the BOE.

Such a move would penalize banks for holding reserves above a certain level at the central bank, spurring them to buy bonds and other assets. That would effectively expand the central bank's quantitative-easing program, analysts said.

The pound fell 0.9% versus the U.S. dollar to $1.6428. The euro moved to its highest level against sterling since June, and changed hands in recent action at 88.77 pence.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=TGHFz2YpriWEC26XTTeOsA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 15, 2009 10:22 ET (14:22 GMT)

EURJPY retreats, unable to break above 132.20

2009-09-02T00:58:00.001-07:00

Wed, Sep 2 2009, 03:30 GMT

The sellers we mentioned earlier at 132.20 seem to have won the first round, with EURJPY unable to move up thru that level and retreating back to 131.80. We should note that the Chinese Index has also come off its highs, now up only 0.07%. Traders are weary of a reversal back into negative territory, thus trimming risk positions.

Asian markets, mostly down following Wall Street, Euro and Pound, lower

2009-09-02T00:36:00.000-07:00

Wed, Sep 2 2009, 06:04 GMT

FXstreet.com (Barcelona) - Asian stock markets are going through losses on Wednesday following a negative session in Wall Street, while Chinese stocks rose. Euro and Pound are trading at week lows after Tuesday's declines.

Japanese Nikkei Index declined 2.8%, with South Korean Kospi Index 0.7% lower. Australia's S&P Index declined 2.0% and Hong Kong's Hang Seng Index dropped 1.8%. Chinese Shangai Composite Index rose 0.5%.

Banks, commodity producers and exporters have been the biggest losers in a session dominated by risk aversion, on the back of considerable declines on U.S. markets, with investors concerned about further turmoil in the banking sector, as well as in the industrial sector and in global economy.

Euro and Pound retreat to week lows

EUR/USD took a big dip on Tuesday's U.S. session, from 1.4379 high during European trading time, the Euro plunged all the way to 1.4177 on U.S. session, to consolidate during Asian trade in a range from 1.4200 to 1.4227.

GBP/USD rallied on Tuesday's Asian session to a week high at 1.4375 to drop afterwards to 1.6115 low, which so far has hold Pound's decline, and the pair attempted to appreciate reaching levels around 1.6175 ahead of the European session opening.

USD/JPY rose on Tuesday's U.S. session to 93.45, to drop later to intra-week low area at 92.50. During Asian session, the pair has launched a shy recovery attempt, reaching levels around 92.90 at the time of writing.

EUR/USD (Sep 02 at 07:33 GMT)

1.4219/23 (0.00%)

H 1.4247 L 1.4187

S3	S2	S1	R1	R2	R3
1.4134	1.4169	1.4205	1.4225	1.4261	1.4296

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Sep 02 at 07:30 (15-minute timeframe)

[ View EUR/USD technical studies ]

EUR/USD: Euro consolidating above 1.4200

2009-09-02T00:34:00.000-07:00

Wed, Sep 2 2009, 06:20 GMT

FXstreet.com (Barcelona) - The Euro took a big dip on Tuesday's U.S. session, from 1.4379 high during European trading time, plunging all the way down to 1.4177 on U.S. session, to consolidate during Asian trade in a range from 1.4200 to 1.4227.

Initial resistance level lies at 1.4225 Asian session high, and, in case of further appreciation, next resistances could come at 1.4255 (Aug 31 low) and 1.4280/85 congestion area. On the downside, initial support lies at 1.4190 intra-day low, and below there 1.4175 (Sept 1 low) and 1.4155 (Aug 18 high).

EUR/GBP rose on Tuesday's European session to 0.8835 high to decline during following sessions, reaching levels around 0.8785 at the time of writing. On a wider perspective, the pair continues consolidating in a range from 0.8770 from 0.8840 after its rally from 0.8520 low on August 17. Support levels lie at 0.8770 and 0.8710. On the upside, resistance levels are 0.8840 and 0.8860.

EUR/USD (Sep 02 at 07:33 GMT)

1.4219/23 (0.00%)

H 1.4247 L 1.4187

S3	S2	S1	R1	R2	R3
1.4134	1.4169	1.4205	1.4225	1.4261	1.4296

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Sep 02 at 07:30 (15-minute timeframe)

[ View EUR/USD technical studies ]

GBP/USD: Pound approaching 1.6200 after bouncing at 1.6115

2009-09-02T00:33:00.001-07:00

FXstreet.com (Barcelona) - The Sterling rallied on Tuesday's Asian session to a week high at 1.4375 to drop afterwards to 1.6115 low, which so far has hold Pound's decline, and the pair is trying ti get back to higher levels ahead of European session opening, reaching, so far 1.6190.

On the upside, the Pound could find resistance at 1.6185 (Aug 31 low), and above here, 1.6225 and 1.6280. On the downside, initial support lies at 1.6150, and below here, 1.6115 and 1.6035 (jul 14 low).

GBP/JPY reached 152.80 high on Tuesday after bouncing at 150.00, although the pair dropped later to hit a fresh two-week low at 149.15 during early Asian session, to bounce back returning above 150.00 at the time of writing. Support levels are 149.10 and 148.00. On the upside, resistance levels lie at 150.26 and 150.60.

On a wider perspective, the Pound remains trading under a downward trending line after having peaked at 163.10, 2009 high on early August.

GBP/USD

GBP/USD (Sep 02 at 07:31 GMT)

1.6138/41 (-0.07%)

H 1.6192 L 1.6112

S3	S2	S1	R1	R2	R3
1.6034	1.6074	1.6115	1.6164	1.6205	1.6245

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Sep 02 at 07:20 (15-minute timeframe)

[ View GBP/USD technical studies ]

USD/JPY: Dollar testing levels above 93.00

2009-09-02T00:21:00.000-07:00

FXstreeet.com (Barcelona) - The Dollar declined from Tuesday's high at 93.45 during early U.S. session to intra-week low at 92.50 during Asian session, and the pairs gathering strength moments ahead of the European opening to test levels above 93.00 Asian session high.

The Dollar moves at the moment at levels between 92.95/93.00, where the 20 and 50 hour SMA lie, and above here, te pair could find resistance at 9.40 /45 (Sept 1 high) and 93.70/85. On the downside, support levels are 92.50/55 intra-week low, and below here, 92.35 and 92.00.

EUR/JPY rose on Tuesday from 132.15 to reach intra-week high at 134.14 on early European session and drop afterwards to hit a fresh 6-week low at 131.45. During Asian session, the Euro has picked up, reaching levels above 132.00 to test 132.00 at the time of writing. Resistance levels are 132.90/95 and 134.15. On the downside, support levels are 131.45 and 130.85.

EUR/JPY (Sep 02 at 07:29 GMT)

132.10/13 (-0.02%)

H 132.51 L 131.42

S3	S2	S1	R1	R2	R3
131.23	131.56	131.89	132.31	132.64	132.97

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 02 at 07:20 (15-minute timeframe)

Forex: EUR/USD: Euro bounces at 1.4255 and returns to 1.4285

2009-08-31T01:54:00.000-07:00

Mon, Aug 31 2009, 07:51 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - The Euro has strengthened right after the European session opening and, after bouncing at 1.4255 low, the pair has returned to test previous session low at 1.4285.

In case of breaking above here, next resistance level for the Euro could be 1.4315 Asian session high, and above here, 1.4350 and 1.4390 (Aug 28 high). On the downside, support levels are 1.4250/55 (Session low), and in case of further decline, 1.4220 (Aug 27 low) and 1.4205 (Aug 26 low).

On a weekly perspective, the ecPulse.com analysis team foresees a downward correction, needed to gather momentum to assault 1.4420 resistance. "The pair is in need to decline to gather bullish momentum which is supported by the stochastic indicator. The decline we expect is nothing more than a correction to gather enough momentum before rebounding to the upside in an attempt to breach 1.4420 and maintain trading above it. Trading above 1.4035 will keep the trend to the upside yet a breach of this level may alter the short term trend."

EUR/USD

EUR/USD (Aug 31 at 08:55 GMT)

1.4291/97 (-0.10%)

H 1.4317 L 1.4252

S3	S2	S1	R1	R2	R3
1.4211	1.4246	1.4282	1.4308	1.4344	1.4380

[?]Trend Index	[?]OB/OS Index
Strongly Bullish	Neutral
Data updated on Aug 31 at 08:50 (15-minute timeframe)

[ View EUR/USD technical studies ]

Forex: GBP/USD: Pound testing levels below 1.6200

2009-08-31T01:24:00.000-07:00

Mon, Aug 31 2009, 08:06 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - The Sterling has weakened further on Asian session, and decline from 1.6385 high on Friday has extended to 1.6185 low ahead of the European session opening, although the par has ret6urned to levels right above 1.6200 afterwards.

According to Liviu Flesar, technical analyst at InnerFX the Pound is on trerenewes bearish pressure, although 1.6100 level should hold declines: "The resistance region started around 1.6385 has provided a stable turning point on last intra-day rally and downside is under renewed pressure today (...) Intra-day price action points towards the downside at the time of writing this article. Extended losses may reach 1.6100-1.6150 later today but 1.6100 will probably limit the downside."

Support levels at the moment, lie at 1.6150 (Aug 26 and 27 low) and below here, 1.6120 and 1.6030 (Jul 13 low). On the upside, in case of recovery above 1.6225, next resistance levels could be 1.6270 (Aug 17 high), 1.4300 (session high) and 1.4380 (Aug 28 high).

GBP/USD

GBP/USD (Aug 31 at 08:52 GMT)

1.6213/18 (-0.30%)

H 1.63 L 1.6181

S3	S2	S1	R1	R2	R3
1.6127	1.6168	1.6208	1.6226	1.6267	1.6307

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Aug 31 at 08:50 (15-minute timeframe)

[ View GBP/USD technical studies ]

GBP/USD Current Price: 1.6507

2009-08-29T22:43:00.000-07:00

Fri, Aug 21 2009, 01:01 GMT
http://www.fxstreet.com

GBP/USD

GBP/USD (Aug 30 at 04:02 GMT)

1.6267/72 (0.00%)

H 1.6267 L 1.6267

S3	S2	S1	R1	R2	R3
1.6186	1.6226	1.6267	1.6267	1.6308	1.6348

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Aug 30 at 04:02 (15-minute timeframe)

[ View GBP/USD technical studies ]

JPY crosses holding bid tone in early Tokyo

2009-08-27T23:06:00.003-07:00

Fri, Aug 28 2009, 00:19 GMT
http://www.forexlive.com

EUR/JPY is back up close to rumoured sell ordesr at 134.80/00 but is showing little signs of tiredness. It must be Friday as I've been thinking to myself that USD/JPY might be a good buy. Perhaps I need a break! I'll hand over to Sam for the next few hours and turn my platform off to resist taking trades I don't really believe in.

EURJPY pulls back slightly into fix

2009-08-27T23:06:00.001-07:00

Fri, Aug 28 2009, 01:07 GMT
http://www.forexlive.com

EURJPY and other Yen crosses have pulled back a touch into the Tokyo fix after solid early morning gains. Traders report some sell orders at 135.00, after already running up this morning from the low 134's on short covering. However the pullback has only been 30 odd pips with good demand seen on dips today. Once again the Asian Equity markets will be in focus. The Nikkei is currently up 0.6%.

AUDUSD retests overnight highs

2009-08-27T23:05:00.001-07:00

Fri, Aug 28 2009, 01:42 GMT
http://www.forexlive.com

AUDUSD is trading above 84c and looks set to challenge the overnight high of 8417. There are sell orders ahead of 8430 and then more up at the previous top 8470/80. Market is short AUDUSD and AUDJPY on the back of Asian equity markets, in particular the Shanghai Composite, which traders believe should remain under pressure heading into month end. Personally, I will be selling into the rally up towards 8470/80 if I see it.

EUR/USD Current Price: 1.4369

2009-08-27T23:04:00.001-07:00

Fri, Aug 28 2009, 01:50 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4369. Pair upside break due to thin market conditions late America, has left the pair consolidating above 1.4340 now strong support area, and with doors open for further rises, as 4 hours charts have indicators support the bias.

“A bit exhausted in the hourly, some consolidation could be seen during next hours, ahead of another break out,” said Valeria Bednarik, collaborator at FXstreet.com. Only under 1.4300 pair can regain downside strength.

Support levels: 1.4340 1.4300 1.4250. Resistance levels 1.4380 1.4410 1.4445.

EUR/USD

EUR/USD (Aug 28 at 06:02 GMT)

1.4358/59 (0.08%)

H 1.4378 L 1.4344

S3	S2	S1	R1	R2	R3
1.4273	1.4309	1.4344	1.4358	1.4393	1.4429

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Aug 28 at 05:15 (15-minute timeframe)

Sterling's movement seems to be corrective

2009-08-27T23:03:00.002-07:00

Fri, Aug 28 2009, 02:45 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6295. Turning bullish upside rally seem more limited in the pair, as the bearish trend remains intact; most likely, current movement seems to be corrective, ahead of further falls once the pair settles.

Limited by 1.6300, 20 SMA in 4 hours charts, pair needs to confirm above that level to extend closer to 1.6360 area. “Once under 1.6270, correction will be complete and pair ready to regain the downside,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6270 1.6220 1.6160. Resistance levels: 1.6330 1.6360 1.6400.

GBP/USD

GBP/USD (Aug 28 at 06:01 GMT)

1.6286/90 (0.11%)

H 1.63014 L 1.6259

S3	S2	S1	R1	R2	R3
1.6177	1.6217	1.6258	1.6275	1.6316	1.6356

[?]Trend Index	[?]OB/OS Index
Neutral	Neutral
Data updated on Aug 28 at 05:15 (15-minute timeframe)

[ View GBP/USD technical studies ]

Forex Blog

Australian Nov Housing Finance -5.6% Vs Oct; Consensus -2.3%

Japan November Current Account Surplus Y1.103 Tln; Expected Surplus Y1.029 Tln

UK posts better-than-expected trade balance and housing price figures

GBP/USD (Jan 13 at 05:32 GMT)

H 1.61928 L 1.6133

Germany's VDMA: Nov New Orders -12% On Year Vs -29% In October

US trade deficit higher than forecast

EUR/USD (Jan 13 at 05:31 GMT)

H 1.4495 L 1.4454

RBA sells A$313 Mln in November

BoE leaves Bank Rate on hold at 0.5%; QE unchanged

EUR/GBP (Jan 13 at 05:28 GMT)

H 0.8972 L 0.8943

BOJ Official: Low Japan Interest Rates May Persist Until 2011

Trichet Says Credible Fiscal Consolidation Key For Confidence

Fed's Hoenig: Mortgage Debt Buys Should End in March - Bloomberg

Forex: Asia wrap-up

EUR/USD (Jan 13 at 05:22 GMT)

H 1.4495 L 1.4454

Forex: CHF tempers multi-day rally versus EUR and USD

USD/CHF (Jan 13 at 05:22 GMT)

H 1.0207 L 1.0174

Forex: JPY flat vs Greenback, Asia firms but still down

USD/JPY (Jan 13 at 05:20 GMT)

H 91.35 L 90.87

Pound holds the positive tonbove 1.6110

GBP/USD (Jan 13 at 05:24 GMT)

H 1.61928 L 1.6133

Forex: EUR/USD quoting 1.4479, Greece nothing to hide

EUR/USD (Jan 13 at 05:22 GMT)

H 1.4495 L 1.4454

Dollar ends mix across the board

AUD/USD (Jan 13 at 05:09 GMT)

H 0.9239 L 0.9185

Stocks finish in negative in the U.S.; Dollar mix

EUR/USD (Jan 13 at 05:10 GMT)

H 1.4495 L 1.4454

Colombia's IGBC Index Falls; Exito Lower On Chavez Threats

Forex: EUR trades flat vs. Greenback, Dollar strength on flight to safety

EUR/USD (Jan 13 at 05:10 GMT)

H 1.4495 L 1.4454

Interest to buy Aussie took the currency to 0.9225

Forex: JPY flat vs Greenback, Asia firms but still down

USD/JPY (Jan 13 at 05:07 GMT)

H 91.35 L 90.87

Forex: Loonie sideways, in range 1.0415-1.0385

USD/CAD (Jan 13 at 05:10 GMT)

H 1.0412 L 1.0373

Dollar yen facing a battle at 91.00 as we see the dollar coming under pressure

Commodities Corner: Gold and Oil flat, thinly traded

EUR/USD (Jan 13 at 05:09 GMT)

H 1.4495 L 1.4454

Forex: EUR/JPY range trading, -3 pips

EUR/USD (Jan 13 at 05:09 GMT)

H 1.4495 L 1.4454

Forex: Pacific pairs off year highs, risk appetite wanes

AUD/USD (Jan 13 at 05:08 GMT)

H 0.9239 L 0.9185

Forex: Dollar relatively flat, calmer after upmove

EUR/USD (Jan 13 at 05:04 GMT)

H 1.4495 L 1.4454

GBP/USD Current Price: 1.6507

GBP/USD (Jan 13 at 05:01 GMT)

H 1.61928 L 1.6133

Forex – the Beginner’s Guide

Futures Quotes

DOW JONES INDUSTRIAL AVERAGE(DJIA) INDEX FUTURE ($10) (ZD)- CBOT (ELECTRONIC)/C1

02/11/09

S&P 500 FUTURE (SP) - CME(ELECTRONIC)/C1

02/11/09

NASDAQ-100 (ND) - CME(ELECTRONIC)/C1

02/11/09

FTSE 100 INDEX FUTURE (Z)/C1

02/11/09

DAX FUTURE (FDAX) - EUREX/C1

30/10/09

DJ EURO STOXX 50 FUTURE (FESX)- EUREX/C1

30/10/09

NIKKEI 225 - DOLLAR BASED(NKD) - CME (ELECTRONIC)/C1

DOW JONES INDUSTRIAL AVERAGE
(DJIA) INDEX FUTURE ($10) (ZD)
- CBOT (ELECTRONIC)/C1

S&P 500 FUTURE (SP) - CME
(ELECTRONIC)/C1

NASDAQ-100 (ND) - CME
(ELECTRONIC)/C1

DJ EURO STOXX 50 FUTURE (FESX)
- EUREX/C1

NIKKEI 225 - DOLLAR BASED
(NKD) - CME (ELECTRONIC)/C1

IBEX-35 FUTURE (FIBX) -
MEFF/C1

FTSE MIB INDEX FUTURE
(FTMIB)/C1

10 YEAR U.S. TREASURY NOTES
(ZN) - CBOT (ELECTRONIC)/C1

30 YEAR U.S. TREASURY BOND
FUTURE (ZB) - CBOT
(ELECTRONIC)/C1

EURODOLLAR (GE) - CME
(ELECTRONIC)/C1

EURO BUND FUTURE (FGBL) -
EUREX/C1

ICE BRENT CRUDE FUTURES (BRN)
- ICE/C1

ICE WTI CRUDE FUTURES (WBS) -
ICE/C1

ICE UK NATURAL GAS FUTURES
(GWM) - ICE/C1