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Market Insight 09/15/2011

posted by Avatar hanazawa 255 days ago in JPY made popular 255 days ago

The USD/JPY has fallen back towards the major lows and traders are likely to continue to play the range in the near term. A pullback towards 76.40/50 can be seen as a chance to get long while resistance is seen above 77.50. ...  read more
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Euro Holds Advance on CPI Data and Region's Support for Greece

posted by Avatar hanazawa 255 days ago in EUR made popular 255 days ago

15 (Bloomberg) -- The euro held yesterday's advance against the dollar before a report forecast to show consumer prices in Europe rose in August, adding to signs the central bank may be reluctant to lower interest rates. The 17-nation euro maintained ...  read more
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C$ touches 4-week low on euro zone fears

posted by Avatar hanazawa 263 days ago in CAD made popular 263 days ago

At 9:40 am (1340 GMT), the Canadian currency CAD=D4 stood at C$0.9930 to the US dollar, or $1.0070, down sharply from Friday's North American session close of C$0.9842 to the US dollar, or $1.0161. Most North American markets were closed on Monday for ...  read more
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Japan Production Increased Less Than Expected

posted by Avatar hanazawa 270 days ago in USD, JPY, CAD, AUD, NZD, Economic Indicators

Government reports this month showed that exports fell more than expected in July, jobless rate rose for a second month and retail sales dropped, signaling Japan's economy is struggling to recover. Japan's currency strengthened to a postwar record of ...  read more
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NFP Forecast: US labor market still weak in July

posted by Avatar hanazawa 274 days ago in USD made popular 274 days ago

An unexpected high gain in NFP numbers "may give USD bullish sentiment on the day of announcement," speculates Dr. S. Sivaraman, but that might be just a temporary manifestation of risk appetite and as Valeria Bednarik points out, "the dollar will have ...  read more
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Dollar And Risk Grow Increasingly Volatile As Jackson Hole Approaches

posted by Avatar hanazawa 276 days ago in USD, EUR, JPY, CHF, CAD, Commodities, Economic Indicators

Given this data's influence was lacking, it is appropriate that the coming 24 hours only holds the initial jobless claims figures for the week ending August 20 th labor trends are important; but they don't fit into the current stimulus discussion. ...  read more
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EUR/GBP, GBP/USD Flows: Orders flows sends GBP searching for bids

posted by Avatar hanazawa 276 days ago in EUR, Economic Indicators

Moody's also out with further comments, saying that Japan needs to achieve 3% nominal GDP growth to get deficit under control and the current yen level is stressful but not dire for the Japanese economy. Japan's plan to double sales tax rate to 10% by ...  read more
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USD/CAD down in US trade

posted by Avatar hanazawa 277 days ago in CAD made popular 277 days ago

USD/CAD was trading at 0.9885, down 0.20% at time of writing. The pair was likely to find support at 0.9805, Thursday's low, and resistance at 0.9938, Thursday's high. Earlier in the day, official data showed that new home sales in the US fell ...  read more
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Daily Foreign Exchange Market Update

posted by Avatar hanazawa 277 days ago in GBP made popular 277 days ago

... which could help to restore some positive sentiment in the UK housing market; however, any sharp drop in the reading may prove to be damaging for the Pound, as the market will look to capitalise on any signs of weakness in the overall economy. ...  read more
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Technical Crosses: AUD/USD, NZD/USD, USD/CAD, EUR/CHF

posted by Avatar hanazawa 288 days ago in CHF, CAD

The USD/CAD pair fell on Thursday as the oil markets climbed, pushing the demand for Canadian dollars in the marketplace. The pair has a natural back stop in the form of parity, and the trend is certainly down. Because of this, we like selling this ...  read more
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London Session: CHF softer as SNB steps up rhetoric

posted by Avatar hanazawa 289 days ago in CHF, AUD made popular 289 days ago

The Australian July employment change disappointed with a surprisingly negative print of -0.1K while the market was anticipating a rise of 10.0K (prior 18.2K revised lower from 23.4K). This was a result of a drop in full time employment from 51.1K to ...  read more
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USD/CHF: Fresh record low below 0.7400

posted by Avatar hanazawa 291 days ago in CHF made popular 291 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ...  read more