| Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. | |
| EUR USD Rallies as Greek Budget Passes
March 6, 2010 at 6:59 AM
|
| | The EUR USD finished the day higher after the Greek parliament approve a package of budget cuts and tax increases. These financial reforms prompted Greece's prime minister to state that it wouldn't need aid from other European Union members. This was probably a response to reports from earlier in the week suggesting that Germany and France stood ready to provide aid to the struggling nation. At one point this week, Greece was even willing to seek aid from the International Monetary Fund. 
| | |
| EUR USD Rallies as Greek Budget Passes
March 6, 2010 at 6:57 AM
|
| | The EUR USD finished the day higher after the Greek parliament approve a package of budget cuts and tax increases. These financial reforms prompted Greece's prime minister to state that it wouldn't need aid from other European Union members. This was probably a response to reports from earlier in the week suggesting that Germany and France stood ready to provide aid to the struggling nation. At one point this week, Greece was even willing to seek aid from the International Monetary Fund. 
| | |
| Stocks Soar; Better Jobs Report Drives Up Demand for Higher Risk
March 6, 2010 at 3:07 AM
|
| | U.S. equity markets are trading sharply higher following the release of better than expected U.S. Non-Farm Payrolls Report. Investors are driving up stock prices on the belief that the jobs data indicates an improving economy. Technically, the daily swing chart indicates a possible move in the March E-mini S&P 500 to 1156.00 by March 12th. June Treasury Bonds fell after the better than expected jobs reports signaled that the economy was improving, bringing the Fed closer to hiking interest 
| | |
| Dollar Trading Lower against Most Majors
March 6, 2010 at 3:06 AM
|
| | The U.S. Dollar is trading lower against most major currencies after better-than-expected jobs data drove investors into higher yielding assets. The initial move in the Dollar was up after the U.S. Non-Farm Payrolls Report showed fewer jobs were lost than estimated. Traders bought the Dollar on the belief that the better jobs number would move the Fed closer to hiking interest rates. Higher interest rates would make U.S. investments relatively more attractive. This move was short-lived however 
| | |
| Comprehensive FX and Futures Daily Commentary
March 5, 2010 at 11:30 PM
|
| | Daily Market Commentary EUR/USD Dips in Reaction to U.S. Data The EUR/USD is heading lower in the wake of stronger than expected U.S. employment data. The Non-Farm Employment Change came in at -36k, 20k above expectations. Additionally, the headline Unemployment Rate held steady at 9.7% while analysts were expecting a basis point increase to 9.8%. The initial reaction was a Dollar positive since improvements in U.S. employment stokes speculation that the Fed could tighten sooner rather than 
| | |
| Chart of the Day – EUR/USD
March 5, 2010 at 11:17 PM
|
| | (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 3/05/2010 – EUR/USD – Price action on EUR/USD, a daily chart of which is shown, continues to languish in consolidation despite a false upside breakout above the top (around 1.3700) of the current short-term trading range earlier in 
| | |
| Stocks Trading Mixed Ahead of Weekly Jobless Claims
March 5, 2010 at 10:27 PM
|
| | U.S. equity markets are trading higher ahead of this morning's U.S. Non-Farm Payrolls Report. Appetite for risk is up overnight which could spillover to the U.S. markets if the jobs number shows that the economy is improving. June Treasury Bonds are trading slightly lower. Holding 117'23 is the key to sustaining the rally in this market. The next upside target is 118'17. A break back under 117'23 could trigger a sharp break to 116'04. Today's jobs report will move this market. If 
| | |
| Dollar Mixed on Light Trading Ahead of U.S. Non-Farm Payrolls
March 5, 2010 at 10:25 PM
|
| | The U.S. Dollar is trading mixed overnight ahead of this morning's Non-Farm Payrolls Report. Demand for risky assets is up overnight putting pressure on lower yielding currencies. Traders are looking for a loss of about 50,000 jobs. This guess is higher than last month's actual loss of 20,000 jobs. The unemployment rate is expected to rise from 9.7% to 9.8%. A greater than expected jobs loss is likely to drive traders into the Dollar as this would indicate that the economy is weakening. 
| | |
| Currency Majors Technical Analysis
March 5, 2010 at 8:23 PM
|
| | EUR/USD - Euro / US Dollar Entry : 1.358 Stop : 1.362 Resistances : 1.374 - 1.369 - 1.361 Supports : 1.345 - 1.3465 - 1.355 USD/CAD - US Dollar / Canadian Dollar Entry : 1.0315 Stop : 1.036 Resistances : 1.051 - 1.044 - 1.033 Supports : 1.02 - 1.023 - 1.027 USD/JPY - US Dollar / Yen Entry : 89.4 Stop : 89.1 Resistances : 90.3 - 89.8 - 89.45 Supports : 88.3 - 88.85 - 89.2 EUR/GBP - Euro / British Pound Entry : 0.9025 Stop : 0.9055 Resistances : 0.915 - 0.9085 - 0.9045 Supports : 0.8925 - 0.897 
| | |
| Currency Majors Technical Perspective
March 5, 2010 at 8:06 PM
|
| | EUR/USD Current price: 1.3582 Trapped in between 1.3610/1.3550 area, pair lack of volume hopefully will end after US employment data is released. Technically, hourly indicators are flat, yet slightly bearish with 20 SMA slope to the downside, and capped by flat 200 EMA. Bigger time frames also show slightly bearish indicators, thus NFP have the ability of ignoring such signs. Consider a break either above 1.3640 or under 1.5330/50 support area before pair finally sets an intraday trend. 
| | |
| FX Thoughts for the Day
March 5, 2010 at 7:35 PM
|
| | FX Thoughts for the day : 05-Mar-2010 - 1234 GMT EURO, JAP YEN and EURO-YEN --------------------------- Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ------------------------------------------------------------- USD-CHF @ 1.0769...100-Week MA Resistance at 1.0840 ------------------- R: 1.0829-58 / 
| | |
| Eurodollar Future – December 2010
March 5, 2010 at 5:24 PM
|
| | Comment: Over the last ten days the US yield curve has flattened a little, admittedly from its steepest ever, five-year TNotes leading yields lower. Are they getting the message at last? Fed governors have again been at pains stressing that interest rates will remain low for a very long time while telling us they are focusing on 'exit strategies'. We shall assume they are first concentrating on getting back, bit by bit, all the money they have pumped into the banking system. Eurodollar futures 
| | |
| EURJPY vs. S&P 500 futures, the correlation has a bit off last months
March 5, 2010 at 4:46 PM
|
| | Market Comment S&P 500 futures could not break above the 1128 level today either and volume declined for the 3rd straight day. However given that it is US nonfarm payrolls Friday tomorrow it is logic that traders cut back on the activity going into the report. Big move yesterday came after Greece came out with news to cut spending and Euro move towards the key 1.3780 resistance level, however the visit above 1.37 level was short lived and following a comments from IFO's Sinn today that 
| | |
| Forex Technical Analysis on Majors
March 5, 2010 at 4:32 PM
|
| | EUR/USD Current level-1.3587 EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. Nice sell-off so far and it is being corrected at the moment, so expect next leg downwards later today to target 1.3440 support area. Intraday resistance comes at 1.3634 and crucial is 1.3690, as if we see a break beyond, the positive bias for 1.3850 
| | |
| Technical Summary for Majors
March 5, 2010 at 4:28 PM
|
| | EUR/USD Bounce off 1.3433, 02 Mar low has sparked rally to 1.3735 yesterday, though bulls failed to attack 1.3790, key 17 Feb high, with sharp reversal followed. Dips now need to hold above 1.3514/00 for possible attempt at 1.3735, while upside failure risks 1.3433/22 . Res: 1.3632, 1.3693, 1.3711, 1.3735 Sup: 1.3550, 1.3513, 1.3433, 1.3422 GBP/USD Short-term structure remains positive while 1.5000/1.4970 support area holds. This keeps potential attempt at 1.5345 in play. Loss of 1.4970 
| | |
| EUR/GBP, USD/CAD, GBP/JPY Technicals
March 5, 2010 at 4:20 PM
|
| | EUR/GBP March 5, 2010 Current level-0,9032 4 hour chart Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: The triangle formed finally broke to the downside, but the pair remains bullish. Any retrace betweeen 0,8950 and 0,8900 represents a buying opportunity. 
| | |
| The EUR dropped this week 0.2% against the USD and traded at 1.3600
March 5, 2010 at 4:07 PM
|
| | Good morning from Hamburg and welcome to our last Daily FX Report of the week. At the end of the week the USD and the JPY lost against its most traded counterparts. However, we wish you a relaxed weekend. Market review At the end of the week, the JPY weakened against the USD and the EUR on speculation that the Bank of Japan will step up its credit easing measures to stave off deflation. The EUR rose versus the JPY and reached 121.34. The USD fetched 89.23 against the JPY . Furthermore the JPY 
| | |
| Financial Trend Analysis Strategy: Long USDJPY
March 5, 2010 at 3:41 PM
|
| | The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days. The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops. Every morning FTA reviews the market and the specific strategy, recalculates the risk/reward and then determines the strategy regardless of previous strategy in the 
| | |
| Sideway in Euro Gets Stronger
March 5, 2010 at 2:48 PM
|
| | EUR The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked rise in activity of bearish party, suggests preference of planning sales for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close 1,3600/20 resistance range levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the 
| | |
| EURUSD bears declined the price
March 5, 2010 at 2:41 PM
|
| | Bulls did manage to breakout by resistance level, however bears overcome bulls side and slided once again below resistance barrier. While candles remain between support and resistance, bears can feel more confident. Despite this action, bulls showed first signs of recovery. Waiting action remains now, with short term selling possibilities. 
| | |
| EUR: Attempt small longs at 1.3580
March 5, 2010 at 2:22 PM
|
| | EUR Comment: The cautious squeeze above the top of the downward-sloping 'wedge' was capped by the 26-day moving average yesterday forming a small 'bearish engulfing' candle. Now the Euro is trying to stabilise at the 9-day average and trendline support. Obviously we will hover here as markets wait for a snow-affected US Non-Farm Payroll figure. We continue to wait and watch for signs of forming an important long term low. Strategy: Attempt small longs at 1.3580; stop below 1.3400. Add to longs 
| | |
| EURUSD, GBPUSD & USDJPY Support & Resistance Analysis
March 5, 2010 at 1:33 PM
|
| | Pivotfarm.com is a provider of Technical Analysis data sheets for traders of various markets. Our data considers some of the most widely followed methodologies including Market Profile, Fibonacci, Volume Analysis, Calculated Pivots and most importantly price based Support and Resistance (S&R). We have combined all these methodologies in a confluence matrix. This allows the trader to determine the strength and importance of an S&R level; based upon the levels other market participants 
| | |
| Currency Majors Technical Analysis
March 5, 2010 at 1:28 PM
|
| | EUR/USD - Euro / US Dollar Entry : 1.3575 Stop : 1.3625 Resistances : 1.385 - 1.3735 - 1.3605 Supports : 1.345 - 1.3465 - 1.355 GBP/USD - British Pound / US Dollar Entry : 1.504 Stop : 1.512 Resistances : 1.5325 - 1.514 - 1.507 Supports : 1.4785 - 1.486 - 1.5005 USD/CHF - US Dollar / Swiss Franc Entry : 1.0775 Stop : 1.075 Resistances : 1.104 - 1.088 - 1.0795 Supports : 1.065 - 1.069 - 1.0745 EUR/CAD - Euro / Canadian Dollar Entry : 1.401 Stop : 1.405 Resistances : 1.415 - 1.406 - 1.4025 
| | |
| EUR/USD: (1.3592) Rebound failed to sustain above 1.3693
March 5, 2010 at 1:28 PM
|
| | Retested 1.3443 and scored a minor new year low, with pair currently back in the daily channel off Dec high (bottom at 1.3385 today), with 1.3693 having been retested: Support area at 1.3584/ .3572 (broken daily Medium Term Moving Average↓/ today's low?), with next levels at 1.3514/ .3511 (reaction low hourly/ daily envelope bottom), where pause favored. If wrong, next levels at 1.3470 (daily Bollinger bottom), ahead of 1.3433/ .3405 (current new year low/ 61.8% 2008 low to 1.5145 + weekly 
| | | | 
| This email was sent to ananto.prihatmoko@gmail.com. Create an Account
Don't want to receive this feed any longer? Unsubscribe here
This email was carefully delivered by Feed My Inbox. 230 Franklin Road Suite 814 Franklin, TN 37064 | |
0 comments:
Post a Comment