9/29 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) Dollar Index Finds Buyers September 28, 2009 at 10:57 am Overall, the dollar index posted some small gains on Monday, even though the S&P 500 advanced as much as 2%. Moreover, in early Asian trade, the dollar index tested the 77.20 resistance area, which has been holding for two weeks now. In case the market actually pulls the move above... No Call for a New Reserve Currency from the G-20 September 28, 2009 at 10:07 am USD traded mixed Monday as the G-20 meeting ends without a fresh call to replace the USD as the world's reserve currency. G-20 officials announced Friday that the G-20 will supplant the G-8 as the international economic council and include developing nations like China, Brazil and India. The G-20 proposes... Forex Fundamental Outlook September 28, 2009 at 10:06 am World Bank President Zoellick reported the U.S. dollar could lose its status as the dominant reserve currency but noted it will remain a "major currency," adding the euro is a "respectable alternative if the dollar is weak." European Central Bank President Trichet optimistically reported "There has been no materialization of... Wheel-Spinning Majors September 28, 2009 at 7:15 am The markets are diverging on Monday, with global equities having weathered a drop to support and reversed higher, including the Japanese Nikkei breaking 10,000 and reversing back higher. However that move has not lead to U.S. dollar selling to the degree that there was dollar buying as equities made their... JPY Consolidates at 8-Month High versus USD September 28, 2009 at 6:35 am The main focus of Monday's trade was confusion over Japan's JPY policy and uncertainty about the global economic outlook as equity markets decline in Asia. JPY traded at an eight month high versus the USD and firmed in cross trade in reaction to a statement from Japan's Finance Minister Fuji... Late European Session Snapshot September 28, 2009 at 5:33 am It's been an extremely docile day after the early JPY dramas in Asia; European equities have performed solidly after futures pointed to a lower open, and US indices are in positive territory on early trading. The only data releases have been German regional and national CPI for Sep; the overall... U.S. Market Update September 28, 2009 at 5:13 am In currencies, price action in the greenback continues to be heavily influenced by equity movements. EUR/USD tested the 1.4660 area as the S&P Dec futures went over the 13 handle higher at 1,054. The Euro ignored commented from Germany's Chancellor Merkel, who noted that there would not be no new... A Week Full of Major Market Movers, BE AWARE!!! September 28, 2009 at 5:10 am The U.S. economy lacks economic fundamentals today, however stock markets were still able to rise snapping a 3-day losing streak, as news emerged that acquisitions and mergers started to increase from a 6-year low, meanwhile, important data will be released this week, as it should provide further hints on the... Fujii's High-Wire Act Has Yen in Demand September 28, 2009 at 5:09 am Imagine a wise old Japanese acrobat balanced precariously above the circus ring with eyes watching in the event the old man loses his balance. His arms outstretched, he tries to reach one end of the rope before he loses his self trust forcing him to turn around, only to realize... Afternoon Forex Overview September 28, 2009 at 4:39 am The U.S. dollar is moderately higher against most currencies Monday morning as investors remain apprehensive about the global economy and riskier assets, with the Japanese yen the only major currency able to advance against the greenback. The dollar has pared its gains against most major currencies in North American trading... Asian Session Opens Week with a Bang with JPY on Wild Roller Coaster Ride September 28, 2009 at 3:57 am The Yen started the week with wild gyrations after new Finance Minister Fujii unwisely made very direct remarks about the Yen's strength, suggesting that the moves in the currency thus far were not excessive. This was seen as waving the red flag in front of the bull's nose, and the... Yen-Yikes! September 28, 2009 at 3:52 am Talk about fundamental disconnect - yikes! Traders are all over the Japanese yen - it is the soaring against all comers. Some traders are eyeing the 85 level, an area not seen since 1995. Other than a belief Japan's Finance Minister, Hirohisa Fujii, is unconcerned about a stronger yen (countered... A Day Ahead of the UK's Gross Domestic Product... September 28, 2009 at 2:29 am The week begins smooth ahead of a busy week especially as tomorrow the UK is going to release its GDP final reading for the second quarter with expectations showing that the contraction will narrow to 0.6 percent from the preliminary contraction of 0.7 percent. USD and JPY Higher, Possible End of Weak JPY Policy September 28, 2009 at 2:28 am USD is trading higher and the JPY trades at an eight month high versus the USD as the trade reacts to weaker Asian equity markets and confusion over Japan's JPY intervention policy, EUR rallied after the Merkel election victory in Germany EUR gains were limited by selling in the EUR/JPY... A Tranquil Beginning for the Week Ahead of the Release of Important Data September 28, 2009 at 1:33 am Today, there is no economic data from the Euro Zone; however, there is important data released from the large economies in the euro area ahead of important data released this week. The euro zone has shown high progress recently, compared with other large economies, due to the wise monetary policies... Majors Turn Around In European Trade September 28, 2009 at 1:03 am Overall, the dollar strengthened across the board around the Sunday open, something that has not happened too often through the summer. The dollar index rose as much as 50 basis points, as the equity cash and futures markets were hammered lower. However, things returned to normal after the initial selling... London Session Recap September 28, 2009 at 12:38 am Evidence of corrective activity became clear across many currency pairs at the start of the European session in reaction to strong moves registered last week and in Asia overnight. Cable is off its lowest levels and EUR/GBP has steered away from breaking above the 0.93 level. Even so, sterling is... Sterling Remains Under Pressure September 28, 2009 at 12:26 am Overall confidence in Sterling will remain weak in the short term with expectations that the Bank of England will maintain a low interest rate policy. There will also be expectations that policymakers will favour a weak currency to support the economy. Officials will not want uncontrolled selling and some supportive... European Market Update September 28, 2009 at 12:06 am In Currencies: The European morning saw a retracement of the pre- Tokyo price movements in the GBP and JPY pairs. Japan's Finance Minister Fuji readjusted FX rhetoric to note that the Ministry was watching the price movement carefully after USD/JPY pair tested the 88.22 level in Sydney. USD/JPY tested 89.65... Risk Aversion Leads Equities Lower, USD Higher September 27, 2009 at 11:51 pm A new week begins and risk aversion is the dominant driver of FX markets. The broad USD move lower began showing signs of fatigue last week, and after some disappointing US data (durable goods orders, existing/new home sales figures); the markets have reined back their longs in commodities and risky... USD/JPY Drops Below 90 Mark September 27, 2009 at 11:44 pm On Friday, markets continued to test the resilience of the new Japanese government on their no intervention approach. This morning, the Japanese Fin Min already made a step backward trying to slow the ascent of the yen. A new selling wave in GBP/JPY, through the crosses, hammered sterling across the... G20 Fails To Move Markets September 27, 2009 at 10:04 pm FX markets were quiet at the start of the week, with only the JPY seeing any real activity. Asian equity markets are currently trading lower and European futures are looking to follow. Risk appetite declined and with it risk correlated trades. The EURUSD traded down to 1.4600, while the AUDJPY... The South Korean Government Supports Recovery By Increasing Spending September 27, 2009 at 9:15 pm The South Korean government is still striving to get sure that economic recovery in the country well supported, especially since the outlook of the global economy in not clear due to the continued weakness in demand. This is pushing policy makers in South Korea not to rush into putting an... Morning Forex Overview September 27, 2009 at 9:13 pm The dollar fell to an eight-month-low against the yen in Asia Monday due to a growing view that U.S interest rates will remain low for longer than expected, while the euro also dropped to a two-month-low against the yen as a result of risk aversion. FX Daily Report September 27, 2009 at 8:53 pm The U.S. dollar fell to its lowest in eight months against the yen on Monday, as investors unwound short yen positions and as expectations that Japan will intervene at these levels receded. The dollar dropped to as low as 88.23 yen, its weakest since late January when it hit a... Credit Markets Seems To Reflect Ample Liquidity And Will Lead Equities Higher September 27, 2009 at 8:45 pm Both Durable Goods Orders and New Home Sales were lower than expected on Friday – despite first-time home buyers still being eligible for the $8K tax credit. Beginning signs of risk-aversion in the FX market: USD and JPY strengthening at the expense of EUR and AUD. GBP under severe pressure.... Carnage In Asia As Short JPY Positions Squeezed Aggressively September 27, 2009 at 8:26 pm In the end it was a definite 'risk off' day of Friday as weak US data in the form of durable goods and new home sales outweighed any positives to be gleaned from a final Michigan sentiment survey at its highest level since early 2008. Asia Session Recap September 27, 2009 at 7:57 pm The new week in Asia started with an interesting series of events that pushed the dollar and yen higher in moves that were reminiscent of Friday. USD/JPY began the day at highs of 89.65 and began to slide as Asian stocks collapsed out of the gate, following the lead of... Today's Key Points September 27, 2009 at 7:53 pm he G20 statement did not bring any direct references to the currency market - besides the standard comment on the desire for stable markets aligned with fundamentals. However, it is difficult not to see the reserve accumulation in Asia (the biproduct of dollar pegs) as part of the current global... Asian Market Update September 27, 2009 at 7:30 pm In currencies, mixed comments from Finance Minister Fujii regarding the administration's comfort levels with JPY strength took the dollar and European crosses on a rollercoaster ride. USD/JPY fell below 88.40 before returning above 89.50, EUR/JPY tested the downside of 130.00 before bouncing above 130.50, and GBP/JPY fell 3 big figures... US Stocks Fall For A Third Day September 27, 2009 at 6:24 pm U.S. Dollar Trading (USD) failed to gain from the fall in stocks although any weakness in Majors was mild except for the USD/JPY. Oil was also able to bounce after heavy losses during the week as concerns over Iran's second nuclear reactor sparked fresh geopolitical concern. August Durable Goods fell... Daily Financial Market Outlook September 27, 2009 at 6:04 pm Further signs of economic recovery are expected this week, but we are still at the early stages and very stimulative policy measures remain in place. In the UK, a weaker sterling, such as we have seen in the past week, is a necessary prerequisite for a structural rebalancing of the...   This email was sent to septianpujarela@gmail.com.  Create Your Account Don't want to receive this feed any longer? 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