10/1 Forex Fundamental Analysis Reports (ActionForex.com)

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Forex Fundamental Analysis Reports (ActionForex.com) Majors Move All Over The Charts September 30, 2009 at 10:42 am Overall, the U.S. session proved to be very volatile in Wednesday trade, with the major pairs moving all over the charts. The activity in the forex market was greatly influenced by equity moves, which traded in volatile fashion. The most active pair was the swissy, as it appears that the... Forex Fundamental Outlook September 30, 2009 at 9:12 am he common currency appears poised to close at its highest quarter-ending level since Q4 2008. Mixed global economic data fueled some of the euro's ascent. The flash EMU-16 September consumer price index wasoff 0.3% y/y, lower than August's -0.2% y/y decline. Nonetheless, many economists believe this pullback in CPI is... USD Rallies on Soft Manufacturing Data September 30, 2009 at 9:10 am The greenback advanced against its major rivals in the Wednesday trading session, edging higher against the euro toward the 1.46-level, while pushing the pound sterling to beneath the 1.60-figure and briefly dragging the Swiss franc to a 3-week low at 1.0447. The catalyst for the dollar's gains was a sharply... USD Remains on the Defensive, Chicago PMI Disappoints September 30, 2009 at 6:42 am USD traded lower Wednesday pressured by signs of improving global economic outlook as the IMF raises its 2010 growth forecast and economic data from Japan, Europe and Australia show improvement. The IMF raised its 2010 GDP forecast to 3.1% from 2.5%.Japans manufacturing PMI rose to a three year high, UK... U.S. Market Update September 30, 2009 at 6:33 am In currencies, greenback sentiment was soft on fresh risk appetite in the early going. EUR/USD surged to 1.4675 following the results of the ECB 12-month tender operation, which saw less demand than expected, prompting optimism that balance sheet stresses in the Euro Zone and emerging market countries have fallen significantly.... ADP Signals Ongoing Weakness in Jobs, While Chicago PMI Signals Activity Remains Weak! September 30, 2009 at 6:32 am The U.S. economy continued to show signs of improvement in the second quarter of this year, as the pace of contraction eased noticeably from the first quarter of this year, as the economy contracted by an annual rate of 6.4% back in the first quarter, however, conditions improved drastically since... Euroland: Inflation in Temporary Decline September 30, 2009 at 5:44 am Euroland HICP inflation declined to -0.3 % in September from -0.2 % in August. This was 0.1% below Friday's consensus expectations, but probably not a surprise to many following the negative surprises we already had received from e.g. Germany and Spain. We don't have a detailed breakdown, but it seems... Chicago Business Barometer Surprisingly Dropped September 30, 2009 at 5:30 am After a huge jump last month, the business barometer fell 3.9 points to 46.1. The production, new orders and supplier deliveries indices also decreased to below 50, indicating contraction. Given the large number of highly cyclical industries included in the survey, it is not unusual for the Chicago business barometer... ISM Contraction Creates Dollar Chaos September 30, 2009 at 5:05 am A mid-morning report showing an unexpected reversion to economic contraction in the Chicago-area had the same impact on currency values today as the butterfly that flapped its wings in the Amazonian jungle. An earlier report showing a larger slowdown in the pace of GDP contraction had boosted the dollar and... Final Estimate of U.S. GDP Better than Expected September 30, 2009 at 4:30 am The final, or third, estimate of second-quarter GDP indicated a smaller annualized decline of 0.7% relative to the preliminary estimate of -1%. Expectations going into the report were that the growth rate would likely be lowered to -1.2%. The second-quarter decline continues to represent a marked improvement from the 6.4%... Canada's Economy Flatlines in July September 30, 2009 at 4:29 am GDP output held steady in July, disappointing forecasts for a 0.5% monthly increase. Rebounding manufacturing and wholesale trade were offset by slumping output in the mining sector. June's gain was unrevised at 0.1%, marking the first rise in output after 10 consecutive monthly declines. The strength in July came... Afternoon Forex Overview September 30, 2009 at 4:14 am The dollar is broadly weaker Wednesday in New York, as improving European economic data overnight boosted the euro and profit repatriations boosted the yen. A better-than-expected U.S. second quarter gross domestic product report released as morning trading got underway gave the euro a slight boost, but potential gains may have... Second Quarter GDP was Not as Weak as Initially Feared September 30, 2009 at 3:53 am Smaller drops in IT spending and exports along with a larger rise in defense outlays resulted in a smaller-than-expected drop in second quarter real GDP. Third quarter GDP growth should be solidly positive. Revisions to the key private sector components were relatively small. Consumer spending now shows a 0.9 percent... ADP Release Still Showing Eroding Payrolls September 30, 2009 at 3:31 am The USD turned sharply weaker again in today's European session, driven by still elevated risk appetite and, most likely, strong month-end fixing flows as well. AUD,CAD and GBP were the over-achievers, all notching sharp gains vs. the greenback at their highs on the day. AUD punctured the 0.8800 for the... Warm up for Friday… September 30, 2009 at 3:22 am There have been much cryptic and not so cryptic comments of late from Federal Reserve Bank speakers. Some are implicitly calling for rate hikes sooner rather than later to mop up all the mess of money excess, others explicitly saying the Fed will likely surprise on the aggressiveness of future... Gfk Consumer Confidence Marks Highest Since Beginning of 2008 September 30, 2009 at 2:43 am Today is the last day of the third quarter in the United Kingdom while lately we have been witnessing improvement and economic conditions are brightening as the BoE is buying gilts in an attempt to rescue the nation out of its worst recession since World War II. As a result... Euroland: ECB LTRO - Just EUR75bn September 30, 2009 at 2:33 am Just EUR75.2bn was allotted at today's 12-month long-term refinancing operation. The relatively low amount requested at today's auction reflects that market rates have fallen to very low levels and thus the auction is not as attractive as the one in June. The low demand is also a sign of improving... Sterling Correction September 30, 2009 at 2:16 am Overall confidence in the UK economy and currency will remain weak in the short term with markets still expecting underlying currency depreciation, especially as the policy mix will still be for a tighter fiscal policy and low interest rates. The currency was due for a correction after recent losses and... JPY Rallies as Manufacturing PMI Hits a Three Year High September 30, 2009 at 2:13 am JPY trades higher supported by repatriation flows ahead of Japan's fiscal half-year end and in reaction to report that Japan's manufacturing PMI hit a three year high in September, JPY was also supported by comments from Japan's Finance Minister Fujii that the new Japanese government will seek to boost domestic... Canadian Dollar Alert On GDP September 30, 2009 at 1:37 am In the overnight session Asian stocks were mixed again, with the Nikkei and China closing in the green, while the HIS ended the session lower by 0.28%. During that time the U.S.dollar fell against the major currencies as the dollar index bounced from the 77.20 resistance area that was... Euro Area CPI Flash Remain Negative, Yet Unemployment Rate In Germany Beat Expectations September 30, 2009 at 1:27 am Stimulus packages; policy makers across the euro area, thought that the already approved stimulus packages would stop the ongoing bleeding in the unemployment sector, since companies are terminating further jobs to weather down the effects of the Credit Crisis on their overall losses. They are trying to cut expanses, for... Euroland: German Unemployment Declines September 30, 2009 at 1:06 am German unemployment declined to 8.2% in September from 8.3% the previous month. The decline is the result of special effects from new labour market policy instruments. Without the special effects, unemployment would have risen by 10,000 on a seasonally adjusted basis instead of declining by 12,000, which implies a rise... Dollar Selling Resumed In European Trading September 30, 2009 at 12:39 am Overall, the European open proved to be relatively flat, but then the market started selling dollars at a strong pace, after the German labor numbers came in much better than expected. The pound and the aussie advanced against the dollar from the first few hours of the day, with the... European Market Update September 30, 2009 at 12:00 am In Currencies: The USD approached month and quarter end on a softer note as a rise in risk appetite aided the energy and metal commodities. The CAD and AUD pairs maintained their firm tone following the upward revision in the IMF global GDP for 2010. IMF also revised down its... London Session Recap September 29, 2009 at 11:58 pm Following an initial move lower EUR/USD has pushed higher during the European session in tune with the better tone of stock markets. A later boost for the EUR came from the results of the ECB's 1yr tender. News that the IMF has cut is estimates for global write downs on... Australia Inches Closer To A Rate Hike September 29, 2009 at 11:03 pm It seems global optimism is the theme for the day; one of our key barometers of risk sentiment, the Shanghai Composite, is up around 1% today, and correspondingly the DXY depressed as investors once again resumed the hunt for yield. In addition, there have been suggestions of encouraging improvements in... FX - Sterling Rebounds September 29, 2009 at 10:08 pm Sterling extended the rebound that started on Monday. The move was mainly technical in nature, but the eco data reinforced the price action. The yen declined a bit further after recent 'verbal interventions' from the Japanese Finance Minister, but we have the impression that the move has no strong legs. Watching The ECB Refinance Operation September 29, 2009 at 9:58 pm The USD traded higher yesterday against most major currencies with DXY approaching 77.45 resistance level reaching 77.33. A break above 77.45 would suggest further rally of the dollar towards 78-79 levels. US equities tended to drop yesterday with S&P 500 and Dow Jones Industrial Average falling 0.2% and 0.6% respectively.... The South Korean Central Bank Vows To Closely Monitor The Impact Of Their Policies September 29, 2009 at 9:03 pm The South Korean central bank seems to be concerned regarding the impact of the unusual fiscal policies adopted to stabilize the entire economy on the financial system. In this sense, it vows to closely monitor the developments seen in asset prices, crediting and cash flows within the financial markets. Morning Forex Overview September 29, 2009 at 9:00 pm In the currency markets, the dollar fell back below the JPY90 mark, weighed down by exporters' sales, while the euro was also lower against the yen but up against the dollar. Dealers said the dollar and the euro were supported by month-end demand from Japanese importers for account settlement, while... Asian Market Update September 29, 2009 at 8:57 pm In currencies, Japanese Yen reversed some of the recent declines, rallying sharply across the board after speculation that BOJ may decide in October to allow corporate bond purchase programs to expire as scheduled in December. USD/JPY retreated below 90.00, while EUR/JPY fell from 132 to 131. In European FX, the... Still Buy On Dips In Equities September 29, 2009 at 8:35 pm As we have been writing about before, the FDIC is running out of money after 140 bank failures. The agency is now proposing to let banks pay 3 years of premiums in order to recapitalize the Deposit Insurance Fund. This amounts to around $10B for the four biggest US banks... The Dollar Looks In Retreat As Month-End And Japanese Half-Year Approach September 29, 2009 at 8:31 pm When it comes to consumer confidence, it would appear that the UK is now riding high above the US, a sharp contrast to the actual performance of the respective economies. Yesterday, US consumer confidence disappointed with a weak 53.1 reading, down from the previous month's 54.5 and an expected improvement... Asia Session Recap September 29, 2009 at 8:16 pm Today's trading in Asia was accentuated by the fact that in Japan it was month end, quarter end and fiscal half year end, thus pushing and pulling the yen, but with the yen ultimately higher as the session wound down. USD/JPY looked robust early as it pushed close to 90.40... Today's Key Points September 29, 2009 at 8:07 pm Currently there is a lot of political and central bank focus on exchange rates. Yesterday we saw some rare political backing of the greenback from Trichet and fellow ECB member Nowotny. But also Sterling continues to attract a lot of attention. The market is still wondering if there will be... FX Daily Report September 29, 2009 at 8:04 pm Sterling surged to a session high against the dollar and euro on Tuesday after figures showed a surprise rise in UK retail sales, wrong-footing the market which was broadly positioned for continued sterling weakness. Currency traders also cited a seminar at the Bank of England earlier on Tuesday with policymakers... Daily Financial Market Outlook September 29, 2009 at 6:12 pm Once again, sterling is making waves. In contrast to its recent bout of weakness against the US dollar, £/$ moved significantly higher following yesterday morning's meeting of 'City' economists convened by the Bank of England. On the face of it, this price action appeared to reflect a reassessment by markets,... Markets Decline In Asia As Traders Scale Back Risk September 29, 2009 at 5:20 pm Asian markets followed suit with the pullback in the US, as Traders and Investors look to reduce exposure to risk. Futures are pointing to a lower open in Australia and Japan, as commodity prices continue to slump on very precautious estimates on economic data scheduled to be released in Europe... Markets Come Alive After Reports September 29, 2009 at 4:16 pm Overall, the currency market saw little movement during the Asian session. The only pair to make a decent move has been the aussie which is trading higher shortly before the building approvals and retail sales are due to be released shortly. Any moves made on the other pairs were quickly... Fear Of Fragile US Economic Recovery September 29, 2009 at 4:08 pm The USD starts the week mostly higher supported by the Fed's statement last week that the US economy is improving. Investors however remain concerned about the potential strength of the US economic recovery. This week's US economic data will be key to the debate over whether the US recovery remains... USD Getting Support Talk September 29, 2009 at 3:52 pm U.S. Dollar Trading (USD) gained as Officials in Japan and the European Union continued to support the Dollar and traders took risk off the table as US consumer data sparked fresh concerns. September Consumer Confidence slipped to 53.1 vs. 57 forecast and 54.5 previously. July Case Shiller forecast at 0.5%... Forex Exchange Morning Report September 29, 2009 at 3:50 pm Risk markets offered few fresh clues from last night's price action. Momentum from Monday's equities rebound ensured a strong NY opening, helped also by a reported improvement in US house prices in July. Consumer confidence hit the wires an hour later, and quelled the enthusiasm, the S&P500 closing +0.1% and... EUR/USD Testing Support September 29, 2009 at 3:42 pm The dollar traded mostly higher on Tuesday. The dollar index rose and tested the resistance from its long-term downtrend in the 77-78 area. If this is broken, the dollar will rally. US house prices climbed the most since 2005 while consumer confidence unexpectedly fell. The S&P 500 declined 2.37 points... Greenback Stronger Vs Euro And Yen, Pound Up On Retail Sales Survey September 29, 2009 at 3:39 pm The Euro-Dollar pair extended its recent fall, adhering to a downward sloping line of resistance since hitting a top at 1.4850. The decline in today's session began in European trading as stocks there were lower throughout most of the European session. The pair hit a low near 1.4525 in NY... New York Session Recap September 29, 2009 at 3:33 pm Markets were exceptionally choppy in the NY session as approaching quarter-end continues to make for overall thin conditions. US equities could not hold on to modest gains and closed down about -0.3% on the day. It was surprising that they did not fall further following an extremely downbeat US consumer...   This email was sent to septianpujarela@gmail.com.  Create Your Account Don't want to receive this feed any longer? 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