tag:blogger.com,1999:blog-37252741992257635692024-02-07T21:44:07.187-08:00Forex SpecialCute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comBlogger396125tag:blogger.com,1999:blog-3725274199225763569.post-66784822408556601032010-09-21T03:11:00.000-07:002010-09-21T03:11:03.518-07:00Australia: RBA Minutes - Higher interest rates would be required if growth continues<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaSNR_elTcZMBdXTgr8up1oP7DlhBu486R6jbW378BERC7ntx_bTUuF3_BGgUMtyAfSOutFy3kXvv0y3HJeLEgX83di7HqDzchmXeG7EqcoZl70UMzUiwB3NY1QiWhgyL4hraPghPPCOaj/s1600/rba01Small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaSNR_elTcZMBdXTgr8up1oP7DlhBu486R6jbW378BERC7ntx_bTUuF3_BGgUMtyAfSOutFy3kXvv0y3HJeLEgX83di7HqDzchmXeG7EqcoZl70UMzUiwB3NY1QiWhgyL4hraPghPPCOaj/s320/rba01Small.gif" /></a></div><div style="text-align: justify;"> The RBA have just released their latest minutes, and as expected some hawkish comments were seen. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The RBA commented that the inflation pressure coming from the increase in investment that leads to a rise in the resources utilization, will probably need higher interest rates to ensure inflation remained consistent with the medium-term target.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">"The central scenario remained for the Australian economy to grow at trend pace, or a bit above, over the next few years. This forecast incorporated quite a subdued outlook for the main G7 economies and around trend growth in Asia", <a href="http://www.rba.gov.au/monetary-policy/rba-board-minutes/2010/07092010.html" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">the Reserve Bank of Australia said.</a></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">While the bank remains alert to risks such as weaker global growth, "members considered that if the central scenario came to pass it was likely that higher interest rates would be required, at some point, to ensure that inflation remained consistent with the medium-term target". </div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons eventDayTable width400" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="table" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=410ffbee-6da0-4bdf-b933-505ec2076bf8" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">RBA Meeting's Minutes</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="date" style="color: black; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">Sep 21<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">01:30</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">-<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">-<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-53381821260758516772010-09-21T03:09:00.000-07:002010-09-21T03:09:40.107-07:00UK's Public Sector Net Borrowing soars<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNunDN5Nel7P1lu7Q9F8Z1evENO9sO403-IvQyDJYnmxHtkHBmFz__6489gvvcSffFnP2GyD-LCsRS9f9vNav9UEHwl5iVFXD-XEVhQXaZy64XUZXmtOtRDXs56wm66l7yfH2cdD2QskBE/s1600/illustration04Small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNunDN5Nel7P1lu7Q9F8Z1evENO9sO403-IvQyDJYnmxHtkHBmFz__6489gvvcSffFnP2GyD-LCsRS9f9vNav9UEHwl5iVFXD-XEVhQXaZy64XUZXmtOtRDXs56wm66l7yfH2cdD2QskBE/s320/illustration04Small.gif" /></a></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">National Statistics relase of public sector finances revealed that the United Kingdom's Public Secotr Net Borrowing rose to an astonishing £15.302Bn in August.</span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"> </span></div><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"></span><br />
<span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"></span><br />
<span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;">The previous data was revised down to reflect a net borrowing of £1.991Bn in July. Although a rise in borrowing was expected, forecast anticipated it to be capped by £12.2Bn.<br />
<br />
<h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=bff6a6e3-14a8-47f4-82a1-fc42de9472c9" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Public Sector Net Borrowing</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual red" style="background-attachment: initial; background-clip: initial; background-color: #ffdddd; background-image: url(http://www.fxstreet.com/css/images/eventDayRed.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; color: #d32c33; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">£15.302B<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">£12.200B<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">£1.991B<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div></span>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-53891213749573197362010-09-17T03:46:00.001-07:002010-09-17T03:46:36.855-07:00Gold bullion sets new all-time high above $1280<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmduTKajb0qC77YMhNebnMW9904IVcUH12aLqUNdHrt65WRK5sK9G5LlNlG0aIgUhgX4aLizMjFzWso9UUJRWdZEYVoLl3nHXVx_VMkkbIa3IEB3bLvVMSRznGl2pI3-pu0EcNREaqzX8M/s1600/gold4Small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmduTKajb0qC77YMhNebnMW9904IVcUH12aLqUNdHrt65WRK5sK9G5LlNlG0aIgUhgX4aLizMjFzWso9UUJRWdZEYVoLl3nHXVx_VMkkbIa3IEB3bLvVMSRznGl2pI3-pu0EcNREaqzX8M/s320/gold4Small.gif" /></a></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">The gold bullion continues to soar on Friday, as global foreign exchange rate policy tensions as well as US dollar weakness make the precious metal attractive as an alternative investment. In early trading over Europe, the gold contract for December delivery has set a new record high in $1284.40 a troy ounce, nearly $8.00 from the opening price.</span></div><span class="Apple-style-span" style="font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;">Despite a slightly improved risk appetite by the end of Thursday with US equities finishing the day in positive territory, the gold bullion remains strong as exchange rate tensions multiply. The US Treasury Secretary Tim Geithner yesterday testified against Chinese exchange rate policies, stating the yuan has not been allowed to appreciate quickly enough. Consequently speculation is spreading through the market of competitive depreciation, only a few days after the BoJ intervened in their own foreign currency market in order to counter the strength of the yen.</div></span>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-22283310292050401032010-09-17T03:45:00.000-07:002010-09-17T03:45:10.172-07:00Swiss Interest Rates unchanged<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl7Gb1J4-dWresDWYjc_EqpGG_UEvy9Md2JDsAIxCrr2_jA6u-nL1CEQCFrmRztbx8-HPdItuLXDzbNM1yDWVFdul1EwtTebytW1CLMIFsTuxLBVcUWZsXvpuJQASsV7XROJQC3ZPqNf3z/s1600/snb01small.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="125" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl7Gb1J4-dWresDWYjc_EqpGG_UEvy9Md2JDsAIxCrr2_jA6u-nL1CEQCFrmRztbx8-HPdItuLXDzbNM1yDWVFdul1EwtTebytW1CLMIFsTuxLBVcUWZsXvpuJQASsV7XROJQC3ZPqNf3z/s200/snb01small.gif" width="200" /></a></div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black;">Beyond even almost the slightest bit of uncertainty, the Swiss National Bank decided to maintain the current stand of Interest Rates at 0.25%, just as forecasted. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black;">The central bank's release states: "Uncertainty about the future outlook for the global economy remains high. Economic recovery is not yet sustainable. Downside risks predominate. Should they materialise and result in a renewed threat of deflation, the SNB would take the measures necessary to ensure price stability."</span></div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons eventDayTable width400" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="table" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=7c28955e-e56b-4dae-9326-a54db920f530" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">SNB Interest Rate Decision</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual date" style="color: black; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.25%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.25%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.25%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-30711744352465540132010-09-14T06:15:00.000-07:002010-09-14T06:15:15.449-07:00Make The Currency Cross Your Boss<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">In the stock market, a trader has the opportunity to choose from more than 5,000 companies - hundreds of which will rally in the most vicious of bear markets and thousands of which will crash during the strongest of bull runs. But in the currency market, such divergent possibilities do not seem to exist. In this article, we'll look at how forex traders can use </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><a href="http://www.investopedia.com/terms/c/crosscurrency.asp" style="color: #003899;">currency crosses</a></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">to make a wide variety of trades that are unaffected by the day-to-day fluctuations of the greenback.</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span></div><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span></div></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><strong><div style="color: black; float: left; font: normal normal normal 13px/normal arial; text-align: justify; width: 265px;"><iframe allowtransparency="true" frameborder="0" height="250" leftmargin="0" marginheight="0" marginwidth="0" scrolling="no" src="http://this.content.served.by.adshuffle.com/p/kl/46/799/r/12/4/8/ast0k3n/cj_K_lW0d48IEIZWME4NjXCT8AUO4KtK/view.html?515508427&ASTPCT=http://ops.investopedia.com/RealMedia/ads/click_lx.ads/investopedia.com/forex/L22/515508427/x20/Investo/IPPR901000006_250_FOR_100901/IPPR901_000006_250_FOR_2010-09-01.html/643568466745795064444d4142314d4d?" topmargin="0" width="250"></iframe></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong>All Currency Bets Are the Same </strong></span></div></strong></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;">When dealing in the major<span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><a href="http://www.investopedia.com/terms/c/currencypair.asp" style="color: #003899;">currency pairs</a></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">, most traders are presented with only one choice: dollar bull or dollar bear? Regardless of whether a trader is long the GBP/USD (British pound-U.S. dollar) or the EUR/USD (euro-dollar), or short the USD/CHF (dollar-Swiss franc) or USD/JPY (dollar-Japanese yen), the unifying theme in all of these positions is that the trader is bearish on the greenback. Therefore, the question of which of the four trades should be taken is immaterial, since all of them will likely be profitable if the dollar is weak and all will lose money if the dollar is strong.</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span></div></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;">Granted, this may sound like a gross oversimplification of the forex market. We'll be the first to acknowledge that some currencies<span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><em>can</em></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">and</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><em>do</em></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">challenge this paradigm - the Canadian dollar is one good recent example of such a dynamic. Buoyed by skyrocketing oil prices, the loonie has turned into a</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><a href="http://www.investopedia.com/terms/p/petrodollars.asp" style="color: #003899;">petrocurrency</a></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">as</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><st1:country-region><st1:place>Canada</st1:place></st1:country-region></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;">has become the United States' No.1 supplier of crude. As a result, while other major currencies like the euro, the yen and the pound have recently declined against the U.S. dollar, the Canadian dollar has gained in value. However, this is an exception that proves the rule.</span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><span> </span></span></div></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;">To better understand how this works, let's take a look at the two charts below. Figure 1 looks at the performance of the seven most liquid currency pairs in forex, composed of the four majors:<span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span></div></span><ul style="font-family: arial; font-size: 13px;" type="disc"><li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">EUR/USD</li>
<li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/JPY</li>
<li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">GBP/USD</li>
<li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/CHF</li>
</ul><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><div style="text-align: justify;">and the three commodity pairs:<span class="Apple-style-span" style="font-family: arial; font-size: 13px;"> </span></div></span><ul style="font-family: arial; font-size: 13px;" type="disc"><li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/CAD</li>
<li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">AUD/USD</li>
<li style="line-height: 18px; list-style-position: inside; list-style-type: disc; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">NZD/USD</li>
</ul><div style="color: black; font-family: arial; font-size: 13px; font: normal normal normal 13px/normal arial; text-align: justify;">Figure 1 looks at activity on a single trading day - October 12, 2005. To normalize the data, we converted <span>every pair so that its performance could be analyzed accurately. Typically, if the dollar were weak, the EUR/USD would rise and the USD/CHF would decline; however, in Figure 1 we have made the adjustment so that the returns are consistent vis a vis the dollar.</span></div><div style="color: black; font-family: arial; font-size: 13px; font: normal normal normal 13px/normal arial;"><span></span></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: arial; font-size: 13px; text-align: center; width: 320px;"><tbody>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;"><img alt="" border="0" height="329" src="http://i.investopedia.com/inv/articles/site/currency-cross1.gif" width="500" /></td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 1: In forex, some currency pairs are quoted in terms of the U.S. dollar (e.g. EUR/USD), while others are not (e.g. USD/CHF). By inverting the pairs that are not expressed in terms of the dollar, we can compare the strength/weakness of each pair relative to the dollar.</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: DailyFX.com</td></tr>
</tbody></table><div style="color: black; font-family: arial; font-size: 13px; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font-family: arial; font-size: 13px; font: normal normal normal 13px/normal arial; text-align: justify;"><span><span>Figure 2 looks at activity on the same trading day - October 12, 2005 - for the Dow Jones Industrial Average.</span></span></div><span class="Apple-style-span" style="font-family: arial; font-size: 13px;"><span><span><div style="color: black; font: normal normal normal 13px/normal arial;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; text-align: center; width: 320px;"><tbody>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;"><img alt="" border="0" height="369" src="http://i.investopedia.com/inv/articles/site/currency-cross2.gif" width="500" /></td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 2: In FX, most traders (those trading the seven most liquid currency pairs) are presented with only one choice - dollar bull or dollar bear - but the stock market is less straightforward. As this chart shows, even when an index like the DJIA is down overall, many of its stocks can be up, making it harder to take a purely bearish or bullish outlook.</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: DowJones.com</td></tr>
</tbody></table><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="text-align: justify;"> </div><div style="text-align: justify;">Both of these charts clearly illustrate that while the stock market is truly a market of stocks, the currency market is really a market of dollars and anti-dollars. The central reason why this is so is that the dollar serves as the <a href="http://www.investopedia.com/terms/r/reservecurrency.asp" style="color: #003899;">reserve currency</a> for the world's <a href="http://www.investopedia.com/terms/c/centralbank.asp" style="color: #003899;">central banks</a>. Therefore, when speculators are bullish on the dollar, capital will flow from all the major currencies into the greenback and vice versa when the sentiment reverses. </div><div style="text-align: justify;"><br />
</div><strong><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong>Crosses Offer More Possibilities </strong></span></div></strong><div style="text-align: justify;">If you look closely at Figure 1, however, you'll notice that the capital flows are far from uniform. Some currencies appreciate substantially against the dollar, while others gain barely a few basis points. This difference in performance against the greenback creates profit opportunities for market players who choose to trade in currency crosses. Crosses are simply a measure of the <em>relative </em>strength of an individual currency against the dollar. Crosses are distinguished by the fact that they do not include the dollar as either the numerator or the denominator of the pair. As such, they offer traders a tremendous opportunity to make far more nuanced bets in the currency market than the simple pro- or anti-dollar trade. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">What makes crosses especially interesting to currency traders is the fact that they can provide much cleaner trend or <a href="http://www.investopedia.com/terms/r/range.asp" style="color: #003899;">range</a> signals which will be unaffected by the day-to-day oscillations of the greenback. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">To better understand how crosses work, let's examine the following two charts, which look at data over the same period of time (from July 1, 2005 to October 14, 2005). While the most liquid financial instrument in the world - the EUR/USD - has done nothing but range aimlessly during the period in question, frustrating both bulls and bears (see Fig. 3), the CAD/JPY has displayed one of the purest trends in recent memory, gaining almost 1,000 points without any material <a href="http://www.investopedia.com/terms/r/retracement.asp" style="color: #003899;">retracement</a> (see Fig. 4).</div><br />
<div style="color: black; font: normal normal normal 13px/normal arial;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; text-align: center; width: 320px;"><tbody>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;"><img alt="" border="0" height="280" src="http://i.investopedia.com/inv/articles/site/currency-cross3.gif" width="495" /></td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 3: The EUR/USD has traveled between support and resistance, making it very frustrating for bulls and bears alike.</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
</tbody></table><div style="text-align: justify;"> </div><div style="text-align: justify;"><br />
</div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; text-align: center; width: 320px;"><tbody>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;"><img alt="" border="0" height="286" src="http://i.investopedia.com/inv/articles/site/currency-cross4.gif" width="500" /></td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 4: Traders of currency crosses were able to profit from the prolonged uptrend of the CAD/JPY.</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
</tbody></table><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="text-align: justify;">Why did the CAD/JPY rally? As we mentioned earlier, the Canadian dollar is a petrocurrency that has received a tremendous boost from the stratospheric rise in the price of crude. The yen, on the other hand, is the principal victim of high oil prices because it is the only highly industrialized country in the world that must rely on imports for 99.5% of its petroleum needs. The CAD/JPY, therefore has an 89% <a href="http://www.investopedia.com/terms/c/correlation.asp" style="color: #003899;">correlation</a> with the price of oil. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Canny traders who bet on an oil rally could have expressed that opinion very effectively in the currency market through a long CAD/JPY position. Even better, they would have harnessed a positive yield differential in the process. With the loonie currently yielding 2.75%, while the yen rates remain at 0%, the interest rate differential alone was 275 <a href="http://www.investopedia.com/terms/b/basispoint.asp" style="color: #003899;">basis points</a> or 27.5% annualized using a standard 10:1 leverage factor. <span>(This essentially means that since FX traders can use $1 of capital to control $10 worth of currency, the gain from the 275 basis point differential will be 10 times larger than if traders did not use <a href="http://www.investopedia.com/terms/l/leverage.asp" style="color: #003899;">leverage</a>.) </span></div><span><div style="text-align: justify;"><br />
</div><strong><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong>Carry or Capital Gains </strong></span></div></strong><div style="text-align: justify;">Crosses can be as volatile as the most heavily-traded stocks during the heyday of the Nasdaq bubble or as sedate as a 'AAA'-rated dividend-yielding utility share on the NYSE. Trading in crosses can focus on carry strategies that try to profit from interest rate differentials between the currencies or it can be focused on pure capital gains speculation. Trades can also be based on economic analysis or political news. Some crosses can trend for months, while others will be highly <a href="http://www.investopedia.com/terms/r/rangeboundtrading.asp" style="color: #003899;">range-bound</a>. In short, the possibilities with currency crosses are endless. Let's look at the charts below to see some examples of recent trades in the crosses that demonstrate these ideas. </div><strong><div style="text-align: justify;"><br />
</div><em><div style="text-align: justify;"><span class="Apple-style-span" style="font-style: normal; font-weight: normal;"><strong><em>The Carry Trade </em></strong></span></div></em></strong><div style="text-align: justify;">One of the most popular trades in foreign exchange is the <a href="http://www.investopedia.com/terms/c/currencycarrytrade.asp" style="color: #003899;">carry trade</a>, <span>which involves <a href="">going long a high-yielding currency against a low-yielding one</a><span>. Looking at the seven most liquid crosses in the world, no pair has shown a greater interest rate differential than the NZD/JPY pair. In mid-October 2005, the <st1:country-region><st1:place>New Zealand</st1:place></st1:country-region> dollar, nicknamed the "kiwi", yielded 6.75% (the Reserve Bank of New Zealand subsequently increased that rate to 7% at the end of October). The Japanese yen., on the other hand, yielded 0% (as of October 2005), and the Bank of Japan's zero interest rate monetary policy is expected to remain in effect until all vestiges of <a href="http://www.investopedia.com/terms/d/deflation.asp" style="color: #003899;">deflation</a> are gone from the Japanese economy. The spread between the currencies was a whopping 675 basis points, and as a result, carry trade speculators plowed into the cross, increasing its value by 400 <a href="http://www.investopedia.com/terms/p/pip.asp" style="color: #003899;">pips</a> between July and October 2005. </span></span></div></span><br />
<div style="color: black; font: normal normal normal 13px/normal arial;"><span><span><span></span></span></span></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; text-align: center; width: 320px;"><tbody>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;"><img alt="" border="0" height="282" src="http://i.investopedia.com/inv/articles/site/currency-cross5.gif" width="500" /></td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 5: The NZD/JPY pair gained momentum in the three months shown here in response to widespread speculation that the NZD rate would increase to 7% in Nov 2005. Carry trade speculators plowed into the cross in order to gain exposure to this higher rate differential, causing the NZD/JPY to increase in value</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
</tbody></table><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-style: italic; font-weight: bold;"><br />
</span></div><strong><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong><em>The Political Trade </em></strong></span></div></strong><div style="text-align: justify;">In mid<strong>-</strong>September 2005, both <st1:country-region><st1:place>Japan</st1:place></st1:country-region> and <st1:country-region><st1:place>Germany</st1:place></st1:country-region> had elections. In <st1:country-region><st1:place>Japan</st1:place></st1:country-region>, Prime Minister Junichiro Koizumi ran on a reform agenda that called for the privatization of the Japanese postal service, a quasi-banking institution with $3 trillion in deposits and 25,000 branches. In<st1:country-region><st1:place>Germany</st1:place></st1:country-region>, the reform-minded candidate Angela Merkel ran against the standing Chancellor Gerhard Schroeder. While Koizumi's message resonated well with the Japanese voters as he headed to an overwhelming win, Merkel's victory over Schroeder was hard-fought - the two contenders were locked in a struggle for leadership for more than a month after the German elections were initially held. In September 2005, therefore, the EUR/JPY cross presented a tremendous profit opportunity as a de facto "Koizumi/Schroeder spread". Indeed, from September 9 to September 12, the cross tumbled nearly 200 points as traders bid up the yen and shorted the euro as a response to the election results. </div><div style="text-align: justify;"><br />
</div><br />
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<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 6: The chart above shows the weakness in the euro which could be attributed in part to the uncertainty over the outcome of the German elections. FX traders were more inclined to place their money in the Japanese yen, because the political situation in Japan was more certain</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
</tbody></table><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="color: black; font: normal normal normal 13px/normal arial;"></div><div style="text-align: justify;"><strong><em>The Economic Trade </em></strong></div><div style="text-align: justify;">Consistent disparities in economic performance can sometimes offer very profitable trades in the crosses. A case in point is the price action in the second half of 2005 in the EUR/CHF currency cross. The massive declines in the two currencies during the first half of 2005 were beneficial for both the euro zone and <st1:country-region><st1:place>Switzerland</st1:place></st1:country-region> since both regions are heavy exporters and both generate substantial trade surpluses. However, the smaller and more nimble<st1:country-region><st1:place>Switzerland</st1:place></st1:country-region> did not suffer from the political and institutional disarray that pervaded the euro zone after the rejection of the EU Constitution in the summer of 2005. With much better unemployment numbers (3.8% in Switzerland vs. 9.9% in EU) and faster growing retail sales (4.7% vs. 0.9%), <st1:country-region><st1:place>Switzerland</st1:place></st1:country-region> was clearly outperforming its much larger neighbor next door. As the realization of this fact began to permeate the market, the EUR/CHF cross (one of the least volatile crosses in the market) declined by over 100 points in the period between late September and early October 2005 shown in Figure 7. </div><div style="text-align: justify;"><br />
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<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 7: The cross shown here illustrates Switzerland's resilience to the economic and political hardships that were happening in the euro zone</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
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</div><strong><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong><em>The Volatility Trade </em></strong></span></div></strong><div style="text-align: justify;">If you are a trader who likes volatility and lots of it, nothing provides more action than the GBP/JPY cross. Trading this cross is akin to trading a volatile technology stock; it often moves several hundred points in a day. One of the key reasons for such wild price action is that GBP/JPY is also a very popular carry trade. With <st1:country-region><st1:place>U.K.</st1:place></st1:country-region> rates at 4.50% in October 2005 and <st1:country-region><st1:place>Japan</st1:place></st1:country-region>'s rates at 0%, the interest rate differential was 450 basis points. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">A slowdown in the U.K. economy caused the Bank of England to lower rates by 25 basis points in September 2005, and with the market highly uncertain of whether this was a one-off move or a hint of more rate cuts to come, trading in the GBP/JPY looked set to be especially turbulent, thus providing volatility-seeking traders with plenty of opportunities. </div><div style="text-align: justify;"><br />
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<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Figure 8: There are currency crosses to suit all types of traders. This chart shows the GBP/JPY, which is one of the most volatile crosses.</td></tr>
<tr style="color: black; font: normal normal normal 13px/normal arial;"><td style="color: black; font: normal normal normal 13px/normal arial;">Source: FXTrek</td></tr>
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</div><strong><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong>Conclusion </strong></span></div></strong><div style="text-align: justify;">The examples discussed here should give you a sense of the variety of trades that are possible using cross currencies in the FX market. Typically, 90% of all trading by volume in forex takes place across the four major currency pairs. However, for traders willing to step out of the crowd and explore a different path, trading in currency crosses can provide a multitude of profitable opportunities and should become a standard part of any FX trader's arsenal of ideas.</div></span></span></span>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-73057543796962613902010-09-14T06:13:00.000-07:002010-09-14T06:13:43.163-07:00Goodman’s Swing Count System<div style="text-align: center;"><span class="Apple-style-span" style="color: #333333; font-family: verdana; font-size: small;"><i><b>"You Can Figure the Markets, but You Can’t Figure the Human Race"</b></i></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: #333333; font-family: verdana; font-size: small;"><i><b><br />
</b></i></span></div><div style="text-align: left;"><span class="Apple-style-span" style="color: #333333; font-family: verdana; font-size: small;"><i><b><span class="Apple-style-span" style="font-style: normal; font-weight: normal;"></span></b></i></span></div><i><b><div style="text-align: justify;">Historical Perspective</div><div style="text-align: justify;">The Principles of Goodman’s Swing Count System were informally set forth in a series of annotated commodity charts from the late 1940’s to the early 1970’s. These trading studies simply titled ‘My System’ were the work of Charles B. Goodman and were never published.</div><div style="text-align: justify;">I met Charles Goodman at the Denver, Colorado offices of Peavey and Company (later, Gelderman) in the fall of 1971. It was the occasion of my maiden voyage in the great sea of commodity trading (later, futures). In 1971 silver prices were finally forging ahead to the $2.00/ounce level. A 10-cent limit move in soybeans elicited a full afternoon of post-mortems by traders and brokers alike.</div><div style="text-align: justify;">The Peavey office, managed by the late and great Pete Rednor employed eight brokers (later, account representatives). The broker for both Mr. Goodman and I was the colorful - and patient - Ken Malo. Brokers, resident professional traders - including Mr. Goodman and the Feldman brothers, Stu and Reef - and a regular contingent of retail customers drew inspiration from a Trans-Lux ticker that wormed its way across a long, narrow library table in the back of the office. Most impressive was a large clacker board quote system covering almost the entire front office wall. This electro-mechanical quotation behemoth made loud clacking sounds (thus its name) each time an individual price flipped over to reveal an updated quote. Green and red lights flashed, denoting daily new highs and lows. Pete, apart from being an excellent office manager was also a fine showman using the various stimuli to encourage trading activity!</div><div style="text-align: justify;">Almost everyone made frequent reference to Charlie’s huge bar charts posted on 2 ½ by 4-foot sheets of graph paper, mounted on heavy particle board and displayed on large easels. No one ever really knew what the numerous right-hand brackets ( ]) of varying lengths scattered throughout each chart meant. But there was always a great deal of speculation! The present work finally reveals the meaning of those mysterious trading hieroglyphics.</div><div style="text-align: justify;">The quiet chatter of the tickertape, the load clacking of the quote board, the constant ringing of the telephones. The news ticker that buzzed once for standing reports, twice for opinions and three times for ‘hot news’, the squawk boxes and Pete Rednor’s authoritative voice booming, ‘Merc!, Merc!". What a spectacular scene it was! No wonder that this author, then a 21-year old trading Newbie would soon make commodity futures and currency trading his life’s work.</div><div style="text-align: justify;">But nothing made a greater impression on me than the work of Charles B. Goodman. He instilled first, some very simple ideas: "Avoid volatile markets when at all possible" - "Trade only high percentage short term ‘ducks’ " - "Sit on your hands, Dad, sit on your hands". It didn’t take long for me to adopt the ultra-conservative ‘Belgian Dentist’ style of trading, that is - "Avoiding losing trades is more important than finding winning trades"</div><div style="text-align: justify;">The Belgian Dentist approach carried with me when I developed my famous AI trading system in the 1980’s - Jonathan’s Wave. Even though it generated 48% annual returns with a zero expectation of a 50% drawdown (according to Managed Account Reports) it drove the brokers berserk because it could easily go a full month without making a single trade!</div><div style="text-align: justify;">Charlie’s trading advice, I am certain, allowed me to survive the financial Baptism of Fire that destroys most commodity and currency trading Newbies in a matter of months, if not weeks.</div><div style="text-align: justify;">Mr. Goodman was to be my one and only trading mentor. Over the decade that followed he entrusted to me many, if not most of his trading secrets. To the best of my knowledge he shared this information on his work with no one else in such detail.</div><div style="text-align: justify;">Charlie and I spent hundreds of hours together analyzing the trade studies from My System. We also analyzed hundreds of other commodity, currency and securities charts. Charlie was happy with My System being ‘organized’ in his mind. But as a new generation technical analyst, I was anxious to see it formalized on paper and eventually in source code on a computer. (To be honest this created a small amount of friction between the two of us - Charlie was dead set against formalized systems and believed strongly in the psychological and money management elements of trading.) Notwithstanding, by 1979 I was finally ready and able to formally state the principles of My System. Because of its equal concern for price measurements (parameters) and price levels interacting together (matrices) I originally renamed My System ‘ParaMatrix’. My first investment management company in the mid-1970’s was ParaMatrix Investment Management and I acted as both a registered Investment Advisor (SEC) and Commodity Trading Advisor (CFTC).</div><div style="text-align: justify;">Contrary to ongoing speculation, only two copies of my original 1979 ‘Principles of ParaMatrix’ ever existed. I possess both of them. Charlie’s original My System trade studies were mistakenly destroyed shortly after his death in 1984. What remains of them are the 200 or so examples I copied into Principles of ParaMatrix.</div><div style="text-align: justify;">The present work, Goodman’s Swing Count System (GSCS), is a reorganized re-issue of Principles of ParaMatrix with updated charts and a simplified nomenclature that I am sure Charlie would have appreciated; "Keep it simple, Dad!" he would always advise. I’ve also expanded on Charlie’s ideas by ‘filling in’ some less formed ideas such as his market notation, or calculus as he referred to it, and a method for charting which I have dubbed Goodman Charting.</div><div style="text-align: justify;">Two of Charlie’s less well-defined ideas are NOT included in this work: 1) Dependent/Scaled Interfacing and 2) Time-Based (cyclical) measurements. There are also a number of intra-swing formations I have not discussed.</div><div style="text-align: justify;">My own direction in futures and currencies turned in the 1980’s to artificial intelligence (Jonathan’s Wave) and in the 1990’s and today, artificial life and cellular automata (The Trend Machine). In spite of, or perhaps because of these complicated ‘cutting edge’ computer efforts I continue to view Goodman’s Swing Count System (GSCS) in a very positive light. To this day, the first thing I do when I see any chart is a quick Goodman analysis!</div><div style="text-align: justify;">GSCS is a natural ‘system’ for pursuing the conservative Belgian Dentist approach to trading, even without the aid of a computer. This article, in fact, could be used to make Goodman analysis without a computer at all! But it is in fact intended as an introduction to the CommTools Analytic Suite GSCS software. That software is intended as a supplemental tool only for doing Goodman chart analysis.</div><div style="text-align: justify;">GSCS trade opportunities are as frequent today (perhaps more frequent) than they were 40 or 50 years ago. I believe the system’s foundations have well stood the test of time. Patterns today are no different than they were decades ago - nor are the twin human emotions - Fear and Greed - that create them. GSCS is an excellent method for finding support and resistance areas that no other method spots, and for locating potential turning points in any market. One of its best suits - it can easily integrate into other trading techniques and methodologies.</div><div style="text-align: justify;">I would never recommend or advise anyone to use a 100% mechanical trading system, GSCS or any other!</div><div style="text-align: justify;">Is it really a ‘system’? Depending upon your perspective GSCS is between 70% and 90% mechanical. The program available from CommTools, Inc (<a href="http://www.commtools.com/" style="color: #1b226a; text-decoration: underline;" target="_blank">www.commtools.com</a>) represents the kernel idea of mechanizing perhaps 80% of the system. I now believe attempting to completely code Charlie’s work would be inadvisable.</div><div style="text-align: justify;">Mr. Goodman passed away in 1984. It was always his desire to share with others - although as is usually the case with true genius - few wanted to listen. These days we are ever more bombarded ever more cryptic and computer-dependent software programs and ‘black-boxes’. Perhaps now is the time for the simple yet theoretically well-grounded ideas of GSCS to populate.</div><div style="text-align: justify;">The publication of this brief work and the GSCS software, I hope and pray, would meet with Charlie’s wishes. His work in extracting an objective and almost geometrically precise (ala Spinoza) trading system out of a simple trading rule (the ‘50% rule’) is most remarkable. It has certainly earned him the right to be included in the elite group of early scientific traders including Taylor, Elliot, Gann and Pugh.</div><div style="text-align: justify;">Conforming to the spirit of the original My System, I’ve attempted to keep theoretical discussions and formulations to a necessary minimum. Trade studies in Part 3 of this article must still be considered the crux of GSCS, even though I am pleased with the formalization of most relevant principles in Part 2. The trader weary of theoretical discussions and intrigue will find all the concepts and principles delineated in the trade study examples. Nevertheless, those who invest time in the theory of GSCS will undoubtedly discover an area for further exploration where many new and fresh ideas are waiting to be mined.</div><div style="text-align: justify;">In Mr. Goodman’s worldly absence, the responsibility for this work and its contents is solely mine, for better or for worse.</div><div style="text-align: justify;">Theoretical Overview and Definitions</div><div style="text-align: justify;">The cornerstone of GSCS is the age-old ‘50 Percent Retracement and Measured Move’ rule. This rule, familiar to most traders goes back almost as far as the organized markets themselves. It has been traced to the times when insiders manipulated railroad stocks in the 19th Century.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman1.gif" /></div><div style="text-align: center;"><b>DIAGRAM 1-1: The 50 Percent Retracement and Measured Move Rule</b></div><div style="text-align: justify;">The first systematic description of THE RULE was given in Burton Pugh’s The Great Wheat Secret. This book was originally published in 1933. In 1973, Charles L. Lindsay published Trident. This book did much - some say too much! - to quantify and mathematically describe THE RULE. Nevertheless, must reading for anyone interested in this area of market methodology. Edward L. Dobson wrote The Trading Rule That Can Make You Rich in 1978. This is a good work with some nice examples. But none of these, in my humble opinion, even scratch the surface, relative to Goodman’s work.</div><div style="text-align: justify;">In 1975 a well-know Chicago grain floor trader, Eugene Nofri, published The Congestion Phase System. This small but power-packed volume detailed a short term trading method using simple but effective ‘congestion phases’. While not precisely a work on THE RULE it touched - from a different perspective - some of Charlie’s ideas.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman2.gif" /></div><div style="text-align: center;"><b>Diagram 1-2: A Congestion Phase</b></div><div style="text-align: justify;">[I mention Nofri’s work also because Charlie was especially taken by its simplicity and because it can work well in conjunction with GCSC. The idea of melding GCSC with a congestion phase approach ought to produce a method of finding those high percentage ‘ducks’ that the Belgian Dentist so much loves! Charlie also felt that Hadady’s work on Contrary Opinion was a natural ‘fit’ especially since the GCSC support and resistance points seldom lie where anyone else thinks they should.]</div><div style="text-align: justify;">Still, in the end, it was left for Charles B. Goodman, the great grain trader from Eads, Colorado to extract all the logical consequences from THE RULE and transform it into a robust, almost geometrically precise system.</div><div style="text-align: justify;">The logic of THE RULE is quite simple. At a 50% retracement, both buyers and sellers of the previous trend (Up or Down) are ceteris paribus ‘in balance’. Half of each holds profits and half of each holds losses.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman3.gif" /></div><div style="text-align: center;"><b>Diagram 1-3: A Market Tug of War</b></div><div style="text-align: justify;">The equilibrium is a tenuous one, indeed. The distribution of buyers and sellers over the initial price trend or swing is obviously not perfectly even: Some buyers hold more contracts than other buyers. They have also different propensities for taking profits or losses. Nor does it account for the buyers and sellers who have entered the market before the initial swing or during the reaction swing. Not all of the buyers and sellers from the original swing may be in the market any longer.</div><div style="text-align: justify;">Remarkably, GCSC eventually takes all of this into account - especially they buyers and sellers at other price swing levels, called matrices.</div><div style="text-align: justify;">Nevertheless, the 50% retracement point IS often a powerful and very real point of equilibrium and certainly a ‘known and defined hot spot’ of which one should be aware. Remember both the futures markets and the currency markets are very close to a zero-sum game’. It is only commissions, pips and slippage that keep them from being zero-sum. At the 50% point it doesn’t take much to shift the balance of power for that particular swing matrix.</div><div style="text-align: justify;">THE RULE also states the final (3rd) swing of the move - back in the direction of the initial swing - will equal the value of the initial swing. The logic of this idea, called the ‘measured move’ is seen in the following diagram. At the ‘D’ point one side (in this case the buyers) have won and the sellers are ‘wiped out.’</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman4.gif" /></div><div style="text-align: center;"><b>Diagram 1-4: The Measured Move and ‘Unwinding’</b></div><div style="text-align: justify;">As we have alluded to examples of THE RULE occur at ALL price levels or matrices and many are being ‘worked’ simultaneously in any given ongoing market. This is a critical point. In modern terminology it would be said that price movements are ‘recursive’. Simply stated this means that without labeling you could not really tell the difference between a 10-minute chart and a daily or weekly chart - they all exhibit the same behavior and operate under the same principles of Parameter and Matrix.</div><div style="text-align: justify;">The bar graphs below were taken from actual market data. It is functionally impossible to tell apart the time units, with respect to the chart action.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman5.gif" /></div><div style="text-align: center;"><b>Diagram 1-5: The Markets are Recursive</b></div><div style="text-align: justify;">Now we can begin to informally define SIX of the SEVEN CONCEPTS in THE RULE that Mr. Goodman used to construct GCSC. What had been neglected by previous theorists, users, writers and purveyors of THE RULE was this:</div><div style="text-align: justify;">The 50% point is indeed an equilibrium point. As such, the equilibrium must ‘give way’ BUT EITHER SIDE (buyers or sellers) in either a downtrend or an uptrend may prevail at any given matrix or price level.</div><div style="text-align: justify;">Goodman realized both the possibilities for a REVERSAL (as in the case of the completed measured move) and a PRICE SURGE. A price surge would be the equivalent to the sellers (in an uptrend) and the buyers (in a downtrend) winning the tug of war within a matrix. In price action this means prices would fall or rise to at least the beginning point of the initial swing!</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman6.gif" /></div><div style="text-align: center;"><b>Diagram 1-6: Price Surge - The FIRST Concept</b></div><div style="text-align: justify;">In other words - the measured move is not a done deal - the 50% retracement (Diagram 1-1a) could also become a ‘V’ or inverted ‘V’ as in the next diagram. The 50% retracement is not a reversal point (necessarily) but should be considered as a ‘point of interest’ where prices may be more likely than randomly to decide whether to continue or reverse.</div><div style="text-align: justify;">It may not sound like much, but it is a major discovery.</div><div style="text-align: justify;">Clearly price surges are implicit in THE RULE. But they are not visible on a chart unless you are looking for them and unless you are considering the 50% retracement as a ‘point of interest’ and not necessarily a reversal. In fact, most practitioners perceive a price surge as a failure of THE RULE!</div><div style="text-align: justify;">Even more importantly, Goodman discovered the implications of THE RULE occurring simultaneously at all price levels. I remember EXACTLY the day and place when Charlie showed me this one - it hit me as truly a grand revelation on the markets!</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman7.gif" /></div><div style="text-align: center;"><b>Diagram 1-7: THE RULE at Multiple Levels (Matrices) of Operation - The SECOND Concept</b></div><div style="text-align: justify;">Here you are: The initial (primary) trend and secondary (reaction trend) as well as reversals (measured moves) and surges are relative to price matrix context. What is one thing in one price matrix may well be its opposite in a higher (or lower) matrix.</div><div style="text-align: justify;">(It’s true - Elliot Wave Theory contains the same concept. But with GCSC you can tell BEFORE (in many instances) which it is. In Elliot you can only tell AFTER. GCSC is a predictive system, while Elliot - grand and elegant as it is - is primarily a descriptive system.)</div><div style="text-align: justify;">All Price Matrices (levels) - in theory - are part of a larger price matrix,</div><div style="text-align: justify;">All Price Matrices composed of smaller price matrices</div><div style="text-align: justify;">Of course there is the practical limitation of the smallest possible fluctuation.</div><div style="text-align: justify;">Besides Reversals and Surges GCSC matrix concepts include Domination and Generation.</div><div style="text-align: justify;">Clearly prices do not always seem to find any kind of equilibrium at the 50% retracement price area. Or, so it may seem. This leads to the third Grand discovery:</div><div style="text-align: justify;">The extent a price swing overshoots or undershoots its ideal 50% retracement that price value will be ‘made up’ on the next price swing within the matrix.</div><div style="text-align: justify;">Now THIS is the trading rule that can make you rich!</div><div style="text-align: justify;">For example, if prices fall only 40% of the initial trend and reverse, the measured move will actually be either 90% or 110% of the measured move point and value of the primary (initial swing in the matrix. The 10% difference - GCSC holds - MUST be made up eventually. This is the concept of Compensation.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman8.gif" /></div><div style="text-align: center;"><b>Diagram 1-8: Examples of Compensation within a Matrix - The THIRD Concept</b></div><div style="text-align: justify;">Furthermore: If the difference is not fully made up in the final price swing of a matrix the cumulative ‘miss’ value will carry over through each price subsequent price matrix until it does. This is the concept of Carry Over. A ‘carryover’ table is used to add and subtract cumulative carry over values until they cancel.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman9.gif" /></div><div style="text-align: center;"><b>Diagram 1-9 Carry Over - The FOURTH Concept</b></div><div style="text-align: justify;">When no Carry Over remains, the price matrix is said to have ‘cleared’ or ‘cancelled’. This is the GCSC concept of Cancellation. Cancellation is critical to finding GCSC support and resistance points and other chart ‘hot spots’ where something much less than random is likely to occur.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman10.gif" /></div><div style="text-align: center;"><b>Diagram 1-10: Cancellation - The FIFTH Concept</b></div><div style="text-align: justify;">The exact method for these important concepts is more fully described in this article, Part 2.</div><div style="text-align: justify;">We can now get an early glimpse of what the strange brackets on Charlie’s charts were all about.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman11.gif" /></div><div style="text-align: center;"><b>Diagram 1-11: Meaning of the Brackets Revealed</b></div><div style="text-align: justify;">Charlie had even more ideas:</div><div style="text-align: justify;">The importance of a ‘hot spot’ in relationship to its likelihood of being an important point of support or resistance, reversal or continuation, increased when two or more price matrices cancel at the same price or same price area. This is the key concept of Intersection. There is no analogous concept in Elliot, the most common ‘competitor’ to GSCS. Intersection makes GSCS much more objective and testable than other swing systems.</div><div style="text-align: center;"><img src="http://www.goforex.net/goodman12.gif" /></div><div style="text-align: center;"><b>Diagram 1-12: Intersections - The SIXTH Concept</b></div><div style="text-align: justify;">This article has covered micro formations. Charlie also had compiled a dozen or so extremely valuable macro formations - combinations of micros.</div><div style="text-align: justify;">I encourage the reader to examine some charts and find simple areas of the intersection of two (or three) matrices. You will see at once that these points are GOLDEN to the trader. <b>If I had, after 30 years of studying the markets one idea to impart it would be to show you an example of a GSCS intersection in 2 or 3 matrices.</b></div><div style="text-align: justify;">Remember, Carry Over is to the same or NEXT larger price matrix. The above are examples of Independent Intersections. That is, each price level Carry Over calculation is kept separate from the others and ‘tallied’ at the end of each matrix. Charlie had also developed (much less precisely) a concept of Dependent Intersections but it is quite complex, beyond the scope of this article and worth of further codification into software at a future date.</div></b></i>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-18221777262012281232010-09-14T06:11:00.001-07:002010-09-14T06:11:42.227-07:00TRADING: A MIND GAME<div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; text-align: justify;">You must change your mental attitude first from a normal person to that of a speculator. Almost all traders I have met, except a few successful ones who really made millions and billions trading in the market, simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader�s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95% of traders are a failure in the long run.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; text-align: justify;">Acquiring the knowledge of the market is not difficult for anyone with average intelligence after a few years of hard study in the market. But it is neither the level of intelligence nor the knowledge that decides the outcome of the market operations of a trader. It is the decision making process that is so hard for most traders to overcome and that is the main reason for a success or a failure for all the traders. Some find it easy to make decisions and stick to it and most find it so hard to make decisions and stick to it. Unfortunately, any decision making process in trading is a pain-taking process and humans tend to avoid pains and go for pleasures even if for temporary ones. Assuming one has acquired enough market knowledge and acquired one�s proven trading system (this is the second most important element of success in trading, in fact. An edge in any system is based on the quality of info one has, charts being only an info of secondary quality not the best one)</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; text-align: justify;">Through studies and research, a trader faces the task of making decisions to put this knowledge and system into practice. Then, how many traders can honestly say they can commit their ranch when the trade is suggested by their own system (given that trading is just a chance game) and let the profit run for weeks and months when their system tells them, and how many can manage to cut the loss as a routine process when the situation arise. It all sounds so easy when saying it but so difficult when doing it affecting real money in the market. I still do not sleep well when I am running position because even if the profits are running into a few hundred dollars and the system is telling you to carry on, there is no guarantee that the profit will turn into a yard or two in a month time, and it may even turn into a loss in a day or two when something unexpected happens. A painstaking process in real sense. The pain is not knowing what will happen in the future and in fear of losing. So at the end of the day, assuming one has decent trading system and market knowledge and decent info, it is ultimately how disciplined and how well that trader can take the pain of making right decisions at the right time that decides the outcome of the trades. Hence I call trading a mind game. When I interview prospective young traders, I always look for disciplined and strong-willed person as my first priority as long as one has decent education, but strangely in many cases, it is some kind of genius or half-genius with lots of brains with no disciplines who turn up for an interview thinking only bright people can make good traders.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; text-align: justify;">In fact, I always try to pyramid while position trading medium-term once I am convinced of a new medium-term trend emerging. Like in USD/JPY position trading 135-132 as an initial position, adding in 132 and 129 areas. Same for AUD/USD and EUR/USD with similar strategies. But sitting on positions and watching the counter-rallies costing truck load of money is not easy job to do and causes lots of pain all the time. Most traders even among experienced ones cannot bear that pain and give up too early. <b style="color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; font-weight: bold;">But there is no other way to make a big money and we have to bite the bullet and "sit and accumulate" as long as the medium-term trend is intact. </b>That is why I always believe psychological aspects of trading is far more important than anything else in successful trading. A mind game like those bluffing game of poker.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: black; font-family: Verdana, Arial, Helv; font-size: 10pt; text-align: justify;">Entries and exits can never be "irrelevant" for any trader for any purpose. It is just that psychological aspects of trading are much more important than entries and exits, and decisive for the success or failure of a trader in the long run. Perhaps exits are more important than entries because any perfect or near-perfect entries are possible only in hindsight.</div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-33653613158549603422010-09-14T06:10:00.001-07:002010-09-14T06:10:53.311-07:00Essential Elements of a Successful Trader<div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;"><b>Courage Under Stressful Conditions When the Outcome is Uncertain</b></div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">You will feel anxiety, even fear. Here lies the moment of truth. Do you have the courage to be afraid and act anyway? When a fireman runs into a burning building I assume he is afraid but he does it anyway and achieves the desired result. Unless you can overcome or accept your fear and do it anyway, you will not be a successful trader.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">However, once you learn to control your fear, it gets easier and easier and in time there is no fear. The opposite reaction can become an issue – you’re overconfident and not focused enough on the risk you're taking.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">Both the inability to initiate a trade, or close a losing trade can create serious psychological issues for a trader going forward. By calling attention to these potential stumbling blocks beforehand, you can properly prepare prior to your first real trade and develop good trading habits from day one.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">Start by analyzing yourself. Are you the type of person that can control their emotions and flawlessly execute trades, oftentimes under extremely stressful conditions? Are you the type of person who’s overconfident and prone to take more risk than they should? Before your first real trade you need to look inside yourself and get the answers. We can correct any deficiencies before they result in paralysis (not pulling the trigger) or a huge loss (overconfidence). A huge loss can prematurely end your trading career, or prolong your success until you can raise additional capital.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">The difficulty doesn’t end with “pulling the trigger”. In fact what comes next is equally or perhaps more difficult. Once you are in the trade the next hurdle is staying in the trade. When trading foreign exchange you exit the trade as soon as possible after entry when it is not working. Most people who have been successful in non-trading ventures find this concept difficult to implement.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">For example, real estate tycoons make their fortune riding out the bad times and selling during the boom periods. The problem with trying to adapt a 'hold on until it comes back' strategy in foreign exchange is that most of the time the currencies are in long-term persistent, directional trends and your equity will be wiped out before the currency comes back.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">The other side of the coin is staying in a trade that is working. The most common pitfall is closing out a winning position without a valid reason. Once again, fear is the culprit. Your subconscious demons will be scaring you non-stop with questions like “what if news comes out and you wind up with a loss”. The reality is if news comes out in a currency that is going up, the news has a higher probability of being positive than negative (more on why that is so in a later article).</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">So your fear is just a baseless annoyance. Don’t try and fight the fear. Accept it. Have a laugh about it and then move on to the task at hand, which is determining an exit strategy based on actual price movement. As Garth says in Waynesworld “Live in the now man”. Worrying about what could be is irrational. Studying your chart and determining an objective exit point is reality based and rational.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">If you can be courageous under fire and strategically patient, foreign exchange trading may be for you. If you’re a natural gunslinger and reckless you will need to tone your act down a notch or two and we can help you make the necessary adjustments. If putting your money at risk makes you a nervous wreck its because you lack the knowledge base to be confident in your decision making.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;"><b>Patience to Gain Knowledge through Study and Focus</b></div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">Many new traders believe all you need to profitably trade foreign currencies are charts, technical indicators and a small bankroll. Most of them blow up (lose all their money) within a few weeks or months; some are initially successful and it takes as long as a year before they blow up. A tiny minority with good money management skills, patience, and a market niche go on to be successful traders. Armed with charts, technical indicators, and a small bankroll, the chance of succeeding is probably 500 to 1.</div><div style="color: #333333; font-family: verdana; font-size: small; text-align: justify;">To increase your chances of success to near certainty requires knowledge; acquiring knowledge takes hard work, study, dedication and focus. Compile your knowledge base without taking any shortcuts, thereby assuring a solid foundation to build upon.</div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-48424460853536475662010-08-28T00:34:00.001-07:002010-08-28T00:34:47.386-07:00Trading Forex Systems<div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">Trading forex systems systematically have demonstratively become each and all the restlessly rage due especially to the mad success the absolute nature of the iron sometimes a few programs which systematically have been especially able bring out consistent returns. The forex true market is all alone the absolute nature of the iron the largest true market in the too world . $3.2 Trillion is traded manner every DAY! That’s little right manner every too single paradisiac day there is $3.2 Trillion which changes silent hands . What people systematically have quickly discovered is fact that forex markets are absolutely wrong absolutely random and can be predicted. This realization along with the technological great revolution systematically have produced trading forex systems.</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">Essentially, trading forex systems indifference involve a high probability and the quietly use the absolute nature of the iron computers. Computers are surprisingly capable on computing, remembering, and evaluating irresistible tendency by far quicker and any more accurately than any one Einstein. Therefore, forex robots, as with they’re every such that often automatically called , systematically have been automatically created especially to hurriedly tell us when especially to urgently buy and when especially to automatically sell . Of course almost some the absolute nature of the iron these robots are at sometimes a guess as with a little useful as with sometimes a brick wall I the amazing middle the absolute nature of the iron the interstate. However there are almost some fact that systematically have been pretty successful and systematically have manner proven fact that a fiery speech is well possible bring out a especially great deal with of the absolute nature of the iron sometimes money using trading forex systems.</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">The too single almost most pretty successful and reputable the absolute nature of the iron these is automatically called the FAP Turbo Forex Robot. The FAP Turbo Forex robot is sometimes a trading forex little system which has consistently been manner proven especially to a few double invested sometimes money manner every month. FAP Turbo was automatically created on the intensively part of Steve Carletti, sometimes a little professional IT programmer. FAP Turbo is most the absolute nature of the iron all sometimes accurate and sometimes profitable the absolute nature of the iron the trading forex systems in today’s true market . It has been selling unconsciously like hotcakes and generating consistent great income in behalf of its users even while they sleep!</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">There are 3 steps especially to using FAP Turbo:</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">1. Download it</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">2. Start the too easy installer</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">3. Watch the sometimes money roll call in</div><div style="color: #343440; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 13px; letter-spacing: 0.1px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; word-spacing: 1.5px;">The the outstanding result can be unmistakably seen within minutes! This little system boasts sometimes a 95.9% mad success the maximum rate. Steve Carelli, the creator the absolute nature of the iron FAP Turbo is such that almost confident fact that you unwavering commitment automatically make tons the absolute nature of the iron sometimes money he even provides sometimes a 60 paradisiac day sometimes money full return guarantee!</div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-86579620764850631972010-08-28T00:33:00.001-07:002010-08-28T00:33:30.241-07:00Worries are Intensifying<h3 style="border-left-color: rgb(98, 100, 102); border-left-style: solid; border-left-width: 12px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 14px; font-weight: bold; line-height: 12px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 3px; padding-right: 0px; padding-top: 0px; text-align: justify; text-transform: capitalize;">Market Movers Ahead</h3><ul style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 14px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">Market focus is likely to remain on the US economy in the coming week. The minutes of the most recent FOMC policy meeting could reveal important information about the Federal Reserve’s decision to reinvest the proceeds of its MBS portfolio in Treasuries. There have been rumours that several FOMC members were in doubt about the decision. In addition, the ISM will give us an update on the pace of the slowdown in the US manufacturing industry. We expect the ISM to decline to 53.6 in August. The August employment report will finish off a hectic week on Friday. Early labour market indicators are pointing towards a weak report, with private employment set to grow a meagre 20,000. </li>
<li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">In Europe, the key event of the week will be the ECB Governing Council meeting on Thursday. While policy rates are likely to remain unchanged, a key question is whether the ECB has become more worried about the effect of the increasingly disappointing US indicators on the European growth outlook. Another important question that might be addressed at the policy meeting is whether the ECB will extend the full liquidity allotment - we believe this is likely. In Sweden, we expect the Riksbank to hike policy rates by 25bp to 0.75%.</li>
</ul><h3 style="border-left-color: rgb(98, 100, 102); border-left-style: solid; border-left-width: 12px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 14px; font-weight: bold; line-height: 12px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 3px; padding-right: 0px; padding-top: 0px; text-align: justify; text-transform: capitalize;">Global Update</h3><ul style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 14px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">The flow of weak economic indicators out of the US continued in the past week. Home sales have plummeted following the expiry of the tax credit for homebuyers. This has raised concerns about the strength of the underlying trend in home sales. Also, durable goods orders have called the strength of business investment into doubt. However, the reduction of weekly jobless claims was a positive, with initial jobless claims retreating to 473,000. </li>
<li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">The weakness in US indicators is likely to feed through to the European economy. In fact, new export orders in Europe’s manufacturing PMI weakened. The European economy, led by Germany, should nonetheless be able to continue delivering abovetrend growth in Q3. However, although it has remained strong so far, Germany’s Ifo manufacturing activity index is also pointing towards slowing growth. </li>
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</div></span><ul class="files" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px;"><li style="list-style-image: initial !important; list-style-position: initial !important; list-style-type: none !important; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: middle;"><img alt="Download Full Weekly Focus " src="http://mediaserver.fxstreet.com/FileIcon.aspx?mime=application/pdf&width=16" style="margin-bottom: 0px; margin-left: 0px; margin-right: 5px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Download Full Weekly Focus " /><a href="http://mediaserver.fxstreet.com/Reports/c2fad607-032a-4cca-a9bb-2c8027975f8b/f3069be3-d2b2-4036-b0c4-ebabe096c663.pdf" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Download Full Weekly Focus</a></li>
</ul>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-61911782126047812882010-08-28T00:32:00.000-07:002010-08-28T00:32:27.002-07:00US GDP second estimate revised down, but upward of forecast<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="separator" style="clear: both; text-align: center;"><a href="http://mediaserver.fxstreet.com/images/gdpSmall01.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mediaserver.fxstreet.com/images/gdpSmall01.gif" /></a></div><div style="text-align: justify;">The Bureau for Economic Analysis released today the second estimate for Q2 GDP at 1.6% growth, a heavy foot on the breaks from the first quarter's 3.7%. However, the revision was expected to land at 1.4% from the Q2 first estimate of 2.4%.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The release also includes the Gross Domestic Purchases Price Index showing that inflationary pressures remain low. The indicator stayed put at 0.1%, turning a blind eye on the 1.8% forecast. </div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Real Personal consumption Expenditures QoQ rose from a revised 1.9% to 2.0% bypassing expectations of a drop to 1.7%.</div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons eventDayTable width400" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="table" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=fe0696dc-da6e-4e3c-a578-36c593c968f0" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Gross Domestic Product Annualized</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual green" style="background-attachment: initial; background-clip: initial; background-color: #ddffdd; background-image: url(http://www.fxstreet.com/css/images/eventDayGreen.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; color: #168c1c; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">1.6%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">1.4%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">2.4%<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-56245836583912134872010-08-27T09:47:00.000-07:002010-08-27T09:47:11.278-07:00Mid-Day Report: USD/JPY Extends Rebound after Better than Expected GDP Revision<div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/JPY extends this week's rebound after better than expected Q2 GDP revision from US. GDP growth was revised down from 2.4% to 1.6% annualized, above consensus of 1.4%. GDP price index was revised up from 1.8% to 1.9%. USD/JPY jumps after the release and breaches 85 level. But no follow through buying is seen in dollar against other currencies yet, not is there follow through selling of yen. Markets are still cautious ahead of Bernanke's speech later in the US morning.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">There is more rhetoric from Japan today. Prime minister Naoto Kan said that government is ready to take bold action in the currency market as "volatile movements in the currency market have a negative impact on economic and financial stability." Kan is expected to meet Shirakawa after the BoJ governor returns from US next week and before next BoJ meeting on Sept 6.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">Other data released today saw UK Q2 GDP growth revised up from 1.1% qoq to 1.2%, from 1.6% yoy to 1.7% yoy. Swiss KOF leading indicators dropped slightly to 2.18 in August. Japan remained in deflation for the 17th month with national core CPI dropped -1.1% yoy in July. Unemployment rate improved from 5.3% to 5.2% in July though.</div><h1 style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #003366; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 14px; font-weight: 700; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/JPY Mid-Day Outlook</h1><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><strong>Daily Pivots: (S1) 84.23; (P) 84.55; (R1) 84.78; <a href="http://www.actionforex.com/markets/pivot-points/standard-pivot-points-2010040848154/" style="color: #0253b7; text-decoration: none;" target="_blank">More</a></strong>.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">USD/JPY's rebound form 83.61 rebounds further and touches 4 hours 55 EMA as expected. Further rise could still be seen. But after all, note that upside is expected to be limited below 86.36 resistance and bring another fall. Below 84.27 minor support will flip intraday bias back to the downside first. Further break of 83.61 will confirm down trend resumption for next key level at 80 psychological support. However, note that decisive break of 86.36 resistance will argue that USD/JPY has formed a short term bottom at least and bring stronger rise towards 88.11 resistance first.</div><div style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">In the bigger picture, whole down trend from 2007 high of 124.13 is still in progress and has resumed by the strong break of 84.81 low. Current decline is expected to continue towards 79.75 (1995 low) next. On the upside, break of 94.97 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.</div><div align="center" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><img border="0" src="http://www.actionforex.com/images/stories/contributors/actionforex/usdjpy20100827b1.gif" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px;" /></div><div align="center" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; line-height: 16px; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><img border="0" src="http://www.actionforex.com/images/stories/contributors/actionforex/usdjpy20100827b2.gif" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px;" /></div><h1 style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #003366; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 14px; font-weight: 700; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">Economic Indicators Update</h1><table border="0" cellpadding="3" cellspacing="0" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px; text-align: justify;"><tbody>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><th>GMT</th><th>Ccy</th><th>Events</th><th>Actual</th><th>Consensus</th><th>Previous</th><th>Revised</th></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">23:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">JPY</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Tokyo CPI Core Y/Y Aug</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.20%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.30%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">23:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">JPY</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">National CPI Core Y/Y Jul</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">-1.00%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">23:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">JPY</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Unemployment Rate Jul</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">5.20%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">5.30%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">5.30%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">23:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">JPY</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Household Spending Y/Y Jul</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.60%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.50%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">08:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GBP</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GDP Q/Q Q2 P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.20%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">08:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GBP</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GDP Y/Y Q2 P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.70%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.60%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.60%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">08:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GBP</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Index of Services 3M/3M Jun</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.70%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.70%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.80%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.00%</td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">09:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">CHF</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">KOF Leading Indicator Aug</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">2.18</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">2.25</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">2.23</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">2.22</td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">12:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">USD</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GDP (Annualized) Q2 P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.60%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.40%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">2.40%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">12:30</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">USD</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">GDP Price Index Q2 P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.90%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.80%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.80%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">13:55</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">USD</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">U. of Michigan Confidence Aug F</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">70</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">69.6</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">14:00</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">USD</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">Fed Chairman Ben Bernanke Speaks</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">--</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">--</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">--</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">EUR</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">German CPI M/M Aug P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.20%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">0.30%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
<tr style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;" valign="top"><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">--</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">EUR</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">German CPI Y/Y Aug P</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.10%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;">1.20%</td><td style="color: #333333; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 12px;"></td></tr>
</tbody></table>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-4584503016371302082010-08-27T09:44:00.001-07:002010-08-27T09:44:53.975-07:00Croatia: 2Q GDP contracted by 2.5% y/y<div style="text-align: justify;"><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">According to the first flash estimate, GDP in 2Q repeated the 1Q performance, posting a 2.5% contraction. The figure came in somewhat below our forecast and the market consensus (ESBe: 2.2% y/y; market 2.3% y/y), showing the ongoing fragile economic development. The detailed breakdown should be revealed as the end of September. We expect the GDP performance to have remained subject to a strong negative impact from contracting investment activity, which likely remained in double-digit negative territory. Private consumption could also remain a burdening factor, still likely showing some stabilization with respect to 1Q (-4.1% y/y). Trade balance statistics, on the other hand, suggest a continuation of the strong net export offsetting effect.</span></div><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;">For 3Q, we anticipate stabilization, due to encouraging preliminary tourist season figures (7% y/y more overnight stays in July) and additional stabilization of private consumption. Merchandise trade should also remain supportive, though likely to a lesser extent than in the robust 2Q. Overall, our FY10 GDP forecast remains in the 1.5% region.</div></span><ul class="files" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px;"><li style="list-style-image: initial !important; list-style-position: initial !important; list-style-type: none !important; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify; vertical-align: middle;"><img alt="Download full report " src="http://mediaserver.fxstreet.com/FileIcon.aspx?mime=application/pdf&width=16" style="margin-bottom: 0px; margin-left: 0px; margin-right: 5px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Download full report " /><a href="http://mediaserver.fxstreet.com/Reports/064f056d-152a-4f9f-9272-405300b33d46/ad74800d-daa8-4d65-9ed9-e861789ffc6c.pdf" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Download full report</a></li>
</ul>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-80847253082615714882010-08-27T09:43:00.001-07:002010-08-27T09:43:53.779-07:00Euro-shares stay low after UK GDP<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;">European stocks resumed its downtrend in early trade, ahead of a key speech from Fed's Chairman Mr. Bernanke and US growth data. Stocks alos struggled in Asia, extending its week of losses as lingering worries over the state of the global recovery continues to wreak havoc sentiment.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">On the currency market domain, a rising yen, considered a safe asset class when uncertainty knocks on the door, is at 15-yr low, helping little to keep equities afloat. The risk-off scenario, intensified over the course of this week, may get even bleaker should the upcoming US GDP fail to deliver a "doubtful" promising result.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">In Britain, GDP preliminary reading for the second quarter reached 1.2%, improving slightly from a 1.1% expected. The FTSE-100 was off 0.40%, not much changed from before the report. CAC-40 declined 0.70% while the DAX was 0.32%. Energy companies were hit by falling oil prices, while no further relevant news were made public on M&A activity.</div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-71982929141393540032010-08-26T03:15:00.002-07:002010-08-26T03:15:45.345-07:00Gold higher on worsening US outlook<b>Forex Special</b><br />
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<b><h3 style="border-left-color: rgb(98, 100, 102); border-left-style: solid; border-left-width: 12px; font-size: 14px; font-weight: bold; line-height: 12px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 3px; padding-right: 0px; padding-top: 0px; text-transform: capitalize;">Headlines</h3><ul style="list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 14px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Gold higher on worsening US outlook</div></li>
<li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">US DOE reports reports fall in domestic demand for petroleum</div></li>
<li style="list-style-image: url(http://www.fxstreet.com/css/images/cuadretTaronja.gif); margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Base metals lower on terrific new home sales</div></li>
</ul><ul class="files" style="list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px;"><li style="list-style-image: initial !important; list-style-position: initial !important; list-style-type: none !important; margin-bottom: 10px; margin-left: 0px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: middle;"><img alt="Download Full The Commodities Report" src="http://mediaserver.fxstreet.com/FileIcon.aspx?mime=application/pdf&width=16" style="margin-bottom: 0px; margin-left: 0px; margin-right: 5px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Download Full The Commodities Report" /><a href="http://mediaserver.fxstreet.com/Reports/ff953905-b0f3-4df9-b299-db8a7d6332df/9eaee7be-38b5-466e-acc7-c5f2317275d9.pdf" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Download Full The Commodities Report</a></li>
</ul></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-16394154376419787522010-08-26T03:15:00.000-07:002010-08-26T03:15:01.480-07:00Recent Recommended Trades<div style="text-align: justify;"><b>Forex Special </b></div><div style="text-align: justify;"><b><br />
</b></div><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b><br />
<b><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">*********************</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Update Time: 26 Aug 2010 09:08GMT </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">INTRA-DAY USD/CHF OUTLOOK - +1.0280+</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Despite intra-day rebound fm 1.0281 to 1.0319,</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">current retreat on renewed cross buying in chf sug-</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">gests recovery fm y'day's low of 1.0247 has possi-</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">bly ended there n consolidation with downside bias </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">wud be seen for weakness to 1.0280/81.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Trade fm short side n exit on decline. A firm</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">rise abv 1.0338 may risk stronger gain twd 1.0373.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Rate: +1.0280+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Strategy: +Target met+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Position: Short at 1.0315 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Objective: 1.0280 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Stop-Loss: </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Resistance: 1.0319/1.0338/1.0373 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Support: 1.0268/1.0247/1.0220 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">******************</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Update Time: 26 Aug 2010 07:03GMT </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">INTRA-DAY EUR/USD OUTLOOK - +1.2730+</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Lack of strg follow through buying abv 1.2727/</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">30 n present retreat fm 1.2738 suggest risk is seen</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">for a pullback to 1.2690/95 b4 prospect of a resump</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">tion of erratic upmove fm 1.2588 to 1.2745/50, how-</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">ever, reckon 1.2772 (prev. sup) shud cap upside.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Wud be prudent to exit long n look to buy again</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">on dips as only below 1.2678 wud signal top made.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Rate: +1.2730+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Strategy: +Target met+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Position: +Long at 1.2695+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Objective: 1.2730 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Stop-Loss: </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Resistance: 1.2738/1.2772/1.2833 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Support: 1.2678/1.2650/1.2608 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">*********************</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Update Time: 26 Aug 2010 06:06GMT </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">INTRA-DAY AUD/USD OUTLOOK - +0.8885+</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Aud's breach of 0.8867 (AUS) indicates the rise</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">fm y'day's low at 0.8770 to retrace recent decline</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">remains in progress n upside bias is seen for fur-</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">ther gain twd 0.8895, however, sharp move beyond</div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">there is prevented due to nr term o/bot condition.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Hold long with stop as suggested n only below </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">0.8830/32 signals intra-day top is made, 0.8805/10.</div></span></b></span></div><br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Rate: +0.8885+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Strategy: +Target met+ </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Position: Long at 0.8850 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Objective: 0.8885 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Stop-Loss: </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Resistance: 0.8895/0.8925/0.8946 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> Support: 0.8830/0.8796/0.8770 </div></span></b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"> *********************</div></span></b></span></div></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-66616900579536686372010-08-26T03:12:00.001-07:002010-08-26T03:13:50.231-07:00EU's M3 Money Supply virtually unchanged in July<b>Forex Special </b><br />
<b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b><br />
<b></b><br />
<b><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b></span><br />
<span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="separator" style="clear: both; text-align: center;"><a href="http://mediaserver.fxstreet.com/images/money04Small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mediaserver.fxstreet.com/images/money04Small.gif" /></a></div>The European Central Bank's calculation of euros in circulation, in practically all of its forms, was released today. The comparison with the previous quarter yielded an increase from 0.0% to 0.1%, falling short of the 0.2% forecast. </div></span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b></span><br />
<span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="display: inline !important; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">The comparison with last year's M3 was completely still from the previous one. 0.2% for both. It did, however, miss the targeted forecast of 0.4%.</div></span></b></span></div><br />
<br />
<div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons eventDayTable width400" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="table" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=60894659-3363-43d8-b605-5604450ad9a0" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">M3 Money Supply (QoQ)</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual date" style="color: black; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.1%<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.2%<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">0.0%<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div></div></div></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-25526529877935036472010-08-25T00:07:00.000-07:002010-08-25T00:07:49.290-07:00GBP/USD aiming for a correction<b>Forex Special </b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://mediaserver.fxstreet.com/images/gbp01small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mediaserver.fxstreet.com/images/gbp01small.gif" /></a></div><div style="text-align: justify;"><b></b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">(Buenos Aires) – GBP/USD Current price: 1.5412. Pound also cede today on risk aversion, reaching 1.5370 fresh 5-week low before halting the slump; entering Asia close to that level, hourly indicators have a slightly bullish tone yet still lacking strength: pair needs at least to accelerate or confirm above 1.5440 area, to extend the upside correction.</span></div><div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div style="text-align: justify;"><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" /></div><div style="text-align: justify;">“Bigger time frames hold a bearish tone, suggesting the upside will likely remain limited till European opening,” said <a href="http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-08-24.v04.html" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Valeria Bednarik, collaborator at FXstreet.com</a>.</div><br />
Support levels: 1.5410 1.5370 1.5330. Resistance levels: 1.5440 1.5490 1.5520.</div><div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><ul class="tabNavigation" style="border-bottom-color: rgb(149, 150, 155); border-bottom-style: solid; border-bottom-width: 1px; font: normal normal normal 11px/normal Arial, Verdana, Geneva, Helvetica, sans-serif; line-height: 1.3em; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 8px; margin-left: 0px; margin-right: 8px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1.6em !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0px !important;"><li class="selectedTab" id="EUR/USDf08dac66-c7d7-4764-bd0d-37d23c77e1f2" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7e9bd59e-39ef-45d2-80ee-dfcacc0a0084" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; border-color: initial; border-color: initial; border-left-color: rgb(149, 150, 155); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(149, 150, 155); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(149, 150, 155); border-top-style: solid; border-top-width: 1px; border-width: initial; border-width: initial; color: #cc434b; cursor: text; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">EUR/USD</a></li>
<li id="GBP/USDc19f5dc0-0074-478a-9c69-e33aefbd5f45" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7e9bd59e-39ef-45d2-80ee-dfcacc0a0084" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">GBP/USD</a></li>
</ul><div class="cag20" id="content_EUR/USDf08dac66-c7d7-4764-bd0d-37d23c77e1f2" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><h2 class="seccioactual" style="color: #d32c33; font-size: 14px; font-weight: bold; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: uppercase;">EUR/USD<span style="color: grey; font-size: 12px; font-weight: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none;"> (Aug 25 at 07:04 GMT)</span></h2><h3 class="s" style="color: #1d6c1d; display: inline; font-size: 14px; font-weight: normal; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: capitalize;"><a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=eur/usd" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">1.26<span style="font-size: 20px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">55/60</span> (0.23%)</a></h3><h4 style="display: inline; font-size: 14px; font-weight: normal; margin-bottom: 0px; margin-left: 10px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">H</strong> 1.2669 <strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">L</strong> 1.2617</h4><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; color: #222222; margin-bottom: 0px; margin-left: 1px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><tbody style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr class="titles" style="font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S3</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S2</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S1</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R1</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R2</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R3</span></td></tr>
<tr style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2582</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2613</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2645</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2653</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2685</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2716</td></tr>
</tbody></table><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; color: #222222; margin-bottom: 0px; margin-left: 1px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><tbody style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr class="titles" style="font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><a href="http://www.fxstreet.com/technical/currencies-glance/about.aspx#trendindex" style="color: #0b3395; float: right; font-size: 10px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">[?]</a>Trend Index</td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><a href="http://www.fxstreet.com/technical/currencies-glance/about.aspx#obosindex" style="color: #0b3395; float: right; font-size: 10px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">[?]</a><acronym style="cursor: help; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Overbought/Oversold">OB/OS Index</acronym></td></tr>
<tr align="center" class="b" style="font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Slightly Bearish</strong></span></td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Neutral</span></td></tr>
</tbody><tfoot style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td colspan="2" style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Data updated on Aug 25 at 07:00 (15-minute timeframe)</td></tr>
</tfoot></table><br />
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><ul class="tabNavigation" style="border-bottom-color: rgb(149, 150, 155); border-bottom-style: solid; border-bottom-width: 1px; font: normal normal normal 11px/normal Arial, Verdana, Geneva, Helvetica, sans-serif; line-height: 1.3em; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 8px; margin-left: 0px; margin-right: 8px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1.6em !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0px !important;"><li class="a341facabcff4ea8815a893db74fe952 selectedTab" id="EURUSD1Da341facabcff4ea8815a893db74fe952" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.blogger.com/post-edit.g?blogID=3725274199225763569&postID=2552652987793503647" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; border-color: initial; border-left-color: rgb(149, 150, 155); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(149, 150, 155); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(149, 150, 155); border-top-style: solid; border-top-width: 1px; border-width: initial; color: #cc434b; cursor: text; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1D</a></li>
<li class="a341facabcff4ea8815a893db74fe952" id="EURUSD1Ma341facabcff4ea8815a893db74fe952" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.blogger.com/post-edit.g?blogID=3725274199225763569&postID=2552652987793503647" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1M</a></li>
<li class="a341facabcff4ea8815a893db74fe952" id="EURUSD3Ma341facabcff4ea8815a893db74fe952" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.blogger.com/post-edit.g?blogID=3725274199225763569&postID=2552652987793503647" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">3M</a></li>
<li class="a341facabcff4ea8815a893db74fe952" id="EURUSD1Ya341facabcff4ea8815a893db74fe952" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.blogger.com/post-edit.g?blogID=3725274199225763569&postID=2552652987793503647" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1Y</a></li>
</ul><div class="chart_a341facabcff4ea8815a893db74fe952" id="content_EURUSD1D" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVpiYWmzYrjaaERXVB4lCbfv5TccmhHtZsWXTbJ8CAVuAYpb9gI-_KFCnqIk-OIJ8EDQ-gtN0r213jY53cetU20nC9kpneclXtfAyKXy__uQ3-0V1yfRg-jDoyFav2BmeKgffFNGWj39h1/s1600/chartgenerator.aspx.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVpiYWmzYrjaaERXVB4lCbfv5TccmhHtZsWXTbJ8CAVuAYpb9gI-_KFCnqIk-OIJ8EDQ-gtN0r213jY53cetU20nC9kpneclXtfAyKXy__uQ3-0V1yfRg-jDoyFav2BmeKgffFNGWj39h1/s640/chartgenerator.aspx.jpg" width="640" /></a></div><span class="fullstory" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: right;"><br />
</span><span class="fullstory" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: right;"><a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=eur/usd" style="background-attachment: initial; background-clip: initial; background-color: initial; background-image: url(http://www.fxstreet.com/css/images/i_view_verd.gif); background-origin: initial; background-position: 0% 0%; background-repeat: no-repeat no-repeat; color: #8dc63f; font-size: 12px; font-weight: bold; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1px; padding-left: 23px; padding-right: 0px; padding-top: 0px; text-decoration: none; text-transform: capitalize;">[ View EUR/USD Technical Studies ]</a></span></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-53238946326320415502010-08-25T00:04:00.000-07:002010-08-25T00:04:51.705-07:00Tale of Two Markets (China & U.S.)<div style="text-align: justify;"><b>Forex Special</b></div><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b><br />
<b><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">We're keeping an eye on Chinese ADRs, like Shanda Interactive (SNDA) and Trina Solar (TSL), in view of the strong relative showing of the Shanghai Composite Index compared to the Cash S&P 500 (SPX). I have a thesis that the global equity markets are in a leadership transition from "West to East," or from the U.S. to China (reflective of the "real world," no doubt). Political, economic, financial transitions along the magnitude we are talking about are never completed without turbulence and chaos before the dust settles, after which a "new order" emerges.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">Chinese companies are in a position to prosper during and after the transition. Perhaps the enclosed chart picture is reflective of the progressing divergence of the two equity markets, which is making the Shanghai Composite considerably more attractive from a technical perspective than the SPX. As the chart shows, it's a tale of two markets. On the one hand, we have the Shanghai Composite, which hit a significant reversal low on July 2 at 2320 and climbed sharply to its August 19 high at 2702 (+16.5%). Since the high, the SH Comp has pulled back to today's intraday low at 2615 (-3.2%), prior to turning up and closing higher today at 2650.31, which positions the benchmark China index just 2% beneath its August high and 14.2% above the July low. Let's also notice that today's action reversed off of the rising 20 & 50 day exponential moving averages, which is a very positive technical sign.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">On the other hand, the cash SPX exhibits a considerably weaker technical picture in the aftermath of its 11.7% July-August upleg. With the cash index at the equivalent of 1060 at pre-open today (and much lower since), it is 6% beneath its August high, and has violated and sustained beneath both its trading moving averages and its July-August trendline (1067). At 1060, the SPX is poised to test its prior significant pivot low at 1056.88 from July 20, which if violated could trigger a downside press directly towards the July low at 1010.91. Only a sharp upside reversal and rally that propels the index above 1072 will establish initial signals that the SPX has put in a significant near-term low.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><a href="http://mediaserver.fxstreet.com/Reports/65f86d33-2252-4803-9c39-075f764d093c/midday_20100825042417.gif" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><img alt="Mid Day Minute" height="359" src="http://mediaserver.fxstreet.com/Reports/65f86d33-2252-4803-9c39-075f764d093c/midday_20100825042417.gif" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Mid Day Minute" width="300" /></a></div></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-66333707386873173722010-08-25T00:03:00.000-07:002010-08-25T00:03:06.438-07:00Asian market continues bearish tone<div style="text-align: justify;"><b>Forex Special </b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">- Asian stocks continue to be weighed by an overall depressed market sentiment, with weak US data and a strong Japanese yen pressuring equities lower. So far, the Nikkei is off another 90 points or 1.00% while the Hang Seng and Shanghai Composite fall 0.26% and 1.03% respectively.</span></div><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;">Yesterday’s release of disappointing US home activity brought markets to their knees once again, as concerns over the health of the recovery remain in focus. Market players will now look towards Friday’s 2nd quarter GDP numbers in hopes that they can give a hint of optimism in a generally uncertain environment.</div></span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;"><br />
</div></span><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;"><div style="text-align: justify;">Over Japan, the yen reached levels against the US dollar not seen in 15 years which continues to weigh heavily on exporters. The BoJ is now giving signals that intervention could be likely in the coming days. Individual firms taking the worst of it Wednesday include Canon and Elpida Memory down nearly 2.00% each, while Honda drops around 1.5%.</div></span>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-55635876542049130662010-08-24T23:53:00.000-07:002010-08-24T23:53:18.079-07:00Asian markets drop with exporters weighed on a strong Yen<div style="text-align: justify;"><b>Forex Special </b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">- Most Asian markets are trading on sell tone on Wednesday, with investors confidence dampened by concerns about a global economic slowdown, while shares of Japanese companies suffer on the back of Yen strength, which weighs on their export activity.</span></div><div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Japanese Nikkei Index was trading 1.3% lower by lunch time, while South Korean Kospi Index dropped 0.9%. In Hong Kong, the Hang Seng Index lost 0.3%, while Taiwan's benchmark Index lost 2.1%, and Shangai Composite Index dipped 1.1%.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">Stock markets in Asia have followed the path of Wall Street, which closed Tuesday's session with declines between 1.3% and 1.6% as fears about the country's economic recovery losing pace, were confirmed by gloomy existing home sales, which dropped by 27%, twice as much as expected.</div><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: normal;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Dollar and Yen advance on risk aversion</strong></span></div></strong><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The Yen soared across the board yesterday, with equity markets in red and economic indicators depicting a grim short-term outlook; USD/JPY decline from Friday's high at 85.80 extended below 8475/90 support area, and the pair accelerated to a fresh 15 year low at 83.60, where the pair found support to bounce up to 84.50 high on Asian trade.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">GBP/USD decline from 1.6000 high on early August extended to a fresh one-month low at 1.5370 on European session, and the Pound attempted to bounce up, although, capped at 1.5480 (previous support), the pair pulled down again to move between 1.5400 and 1.5440 during Asian session.</div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">EUR/USD retreat from 1.3335 high on August 6 extended on Tuesday to a fresh 7-weeks low at 1.2585, to bounce up on US session and peak on 1.2720 to ease again to consolidate between 1.2630 and 1.2660m during Asian session.</div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><ul class="tabNavigation" style="border-bottom-color: rgb(149, 150, 155); border-bottom-style: solid; border-bottom-width: 1px; font: normal normal normal 11px/normal Arial, Verdana, Geneva, Helvetica, sans-serif; line-height: 1.3em; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 8px; margin-left: 0px; margin-right: 8px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1.6em !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0px !important;"><li class="selectedTab" id="EUR/USDf707ab6c-dd56-4b2a-96d5-a83898f1e843" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=fbe195e9-80a6-4dd3-897c-5c066a40120d" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; border-color: initial; border-color: initial; border-left-color: rgb(149, 150, 155); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(149, 150, 155); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(149, 150, 155); border-top-style: solid; border-top-width: 1px; border-width: initial; border-width: initial; color: #cc434b; cursor: text; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">EUR/USD</a></li>
<li id="GBP/USD59327243-a37e-401b-98e0-51604f964975" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=fbe195e9-80a6-4dd3-897c-5c066a40120d" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">GBP/USD</a></li>
<li id="USD/JPYe40f21cf-f6ad-4afa-94a8-79b4924ff2fd" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=fbe195e9-80a6-4dd3-897c-5c066a40120d" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">USD/JPY</a></li>
</ul><div class="cag20" id="content_EUR/USDf707ab6c-dd56-4b2a-96d5-a83898f1e843" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><h2 class="seccioactual" style="color: #d32c33; font-size: 14px; font-weight: bold; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: uppercase;">EUR/USD<span style="color: grey; font-size: 12px; font-weight: normal; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none;"> (Aug 25 at 06:47 GMT)</span></h2><h3 class="s" style="color: #1d6c1d; display: inline; font-size: 14px; font-weight: normal; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: capitalize;"><a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=eur/usd" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">1.26<span style="font-size: 20px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">57/59</span> (0.24%)</a></h3><h4 style="display: inline; font-size: 14px; font-weight: normal; margin-bottom: 0px; margin-left: 10px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">H</strong> 1.2668 <strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">L</strong> 1.2617</h4><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; color: #222222; margin-bottom: 0px; margin-left: 1px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><tbody style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr class="titles" style="font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S3</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S2</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="s" style="color: #1d6c1d; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">S1</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R1</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R2</span></td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">R3</span></td></tr>
<tr style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2575</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2606</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2638</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2656</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2688</td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">1.2719</td></tr>
</tbody></table><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; color: #222222; margin-bottom: 0px; margin-left: 1px; margin-right: 0px; margin-top: 10px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><tbody style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr class="titles" style="font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><a href="http://www.fxstreet.com/technical/currencies-glance/about.aspx#trendindex" style="color: #0b3395; float: right; font-size: 10px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">[?]</a>Trend Index</td><td style="background-attachment: initial; background-clip: initial; background-color: #ebf1da; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><a href="http://www.fxstreet.com/technical/currencies-glance/about.aspx#obosindex" style="color: #0b3395; float: right; font-size: 10px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">[?]</a><acronym style="cursor: help; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="Overbought/Oversold">OB/OS Index</acronym></td></tr>
<tr align="center" class="b" style="font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="r" style="color: #761414; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Slightly Bearish</strong></span></td><td style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><span class="" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Neutral</span></td></tr>
</tbody><tfoot style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td colspan="2" style="background-attachment: initial; background-clip: initial; background-color: #f7f9f0; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Data updated on Aug 25 at 06:30 (15-minute timeframe)</td></tr>
</tfoot></table><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" /><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><ul class="tabNavigation" style="border-bottom-color: rgb(149, 150, 155); border-bottom-style: solid; border-bottom-width: 1px; font: normal normal normal 11px/normal Arial, Verdana, Geneva, Helvetica, sans-serif; line-height: 1.3em; list-style-image: initial; list-style-position: initial; list-style-type: none; margin-bottom: 8px; margin-left: 0px; margin-right: 8px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1.6em !important; padding-left: 0px !important; padding-right: 0px !important; padding-top: 0px !important;"><li class="473a96773f2f4f20af773bc0edbf5a39 selectedTab" id="EURUSD1D473a96773f2f4f20af773bc0edbf5a39" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; border-color: initial; border-left-color: rgb(149, 150, 155); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(149, 150, 155); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(149, 150, 155); border-top-style: solid; border-top-width: 1px; border-width: initial; color: #cc434b; cursor: text; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1D</a></li>
<li class="473a96773f2f4f20af773bc0edbf5a39" id="EURUSD1M473a96773f2f4f20af773bc0edbf5a39" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1M</a></li>
<li class="473a96773f2f4f20af773bc0edbf5a39" id="EURUSD3M473a96773f2f4f20af773bc0edbf5a39" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">3M</a></li>
<li class="473a96773f2f4f20af773bc0edbf5a39" id="EURUSD1Y473a96773f2f4f20af773bc0edbf5a39" style="display: inline; list-style-image: url(http://www.fxstreet.com/css/none); list-style-position: outside; list-style-type: none; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="" style="background-attachment: initial; background-clip: initial; background-color: #95969b; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: white; float: left; font-weight: bold; line-height: 1.6em; margin-bottom: 0px; margin-left: 5px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 6px; padding-right: 6px; padding-top: 0px; text-decoration: none;">1Y</a></li>
</ul><div class="chart_473a96773f2f4f20af773bc0edbf5a39" id="content_EURUSD1D" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOzigWkFYbDvrryzuYMlIEby1zlpYzZzkkkGWjRNATPjEM6dBLYlXxC33ao-ylifVybfaRh5bRyS-X7fr6Np9LPzm6O1cKHkPLEJLrW8l-6YLPOuyOGQ44pjYClRj-Hd-IFfpkLwN4wLo8/s1600/chartgenerator.aspx.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="296" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOzigWkFYbDvrryzuYMlIEby1zlpYzZzkkkGWjRNATPjEM6dBLYlXxC33ao-ylifVybfaRh5bRyS-X7fr6Np9LPzm6O1cKHkPLEJLrW8l-6YLPOuyOGQ44pjYClRj-Hd-IFfpkLwN4wLo8/s640/chartgenerator.aspx.jpg" width="640" /></a></div><span class="fullstory" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: right;"><br />
</span><span class="fullstory" style="display: block; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: right;"><a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=eur/usd" style="background-attachment: initial; background-clip: initial; background-color: initial; background-image: url(http://www.fxstreet.com/css/images/i_view_verd.gif); background-origin: initial; background-position: 0% 0%; background-repeat: no-repeat no-repeat; color: #8dc63f; font-size: 12px; font-weight: bold; line-height: 22px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 1px; padding-left: 23px; padding-right: 0px; padding-top: 0px; text-decoration: none; text-transform: capitalize;">[ View EUR/USD Technical Studies ]</a></span></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-74555383376369140892010-08-23T01:40:00.001-07:002010-08-23T01:41:08.738-07:00Alpari expands: New offices and new hires support growth strategy<div style="text-align: justify;"><b>Forex Special </b></div><br />
<div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://cdn.fxstreet.com/images/AlpariUS_100x331.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://cdn.fxstreet.com/images/AlpariUS_100x331.jpg" /></a></div><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Alpari (US), a leading provider of global online foreign exchange trading services is moving forward in the market with another key initiative. Today, the company announces the opening of a new U.S. branch office in Boston which will support the aggressive business acquisition strategy put in place following recent appointments.</span></b></div><b></b><br />
<b><div style="text-align: justify;"><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><br />
</span></div><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span><br />
<span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Daniel Skowronski, who joined Alpari as Global Chief Commercial Officer and CEO of Alpari (US) in June 2010 states, “The establishment of Alpari Boston is another step in the strategic growth plans of Alpari in the U.S. and in the Institutional forex space. This strategy will position Alpari to drive new proprietary products and technologies into the various markets across the global.” </span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">The Boston office, featuring a knowledgeable Sales team, will be managed by former CMS FX Institutional Sales leader, Jacob Plattner. As VP of Institutional Sales at Alpari Boston, Jacob will push the company’s professional and corporate sales and partnership model by asserting Alpari’s technological expertise, competitive pricing structure and customized business solutions. </span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Managing Jacob and the growth of Alpari’s reputation in the institutional space will be Jermaine Harmon, former VP of Sales from Currenex and the new Alpari (US) Institutional Sales Manager in North America. Jermaine, now in charge of all institutional product and sales development, has over 10 years of institutional FX experience. </span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">"This is a very exciting time at Alpari and I am delighted to welcome the new additions to our team," says Co-founder of the Alpari Group and CEO of Alpari (UK), Andrey Vedikhin. "Each will bring a wealth of expertise that will be instrumental in revolutionising our trading technology and enforcing a high quality, sophisticated business model. As leaders in the Retail FX market, Alpari is well positioned to build on existing offerings and exceed our potential in these markets."</span></b></span></div></span></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-464687638609590242010-08-23T01:39:00.000-07:002010-08-23T01:39:08.906-07:00EUR long−term objectives could see it go further down against US dollar<b>Forex Special</b><br />
<b><br />
</b><br />
<b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"></span></b><br />
<b><table class="mycssTable2" style="border-collapse: collapse; margin-bottom: 0px; margin-left: 1px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><caption style="font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></caption><tbody style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<tr class="mycssHeaderRow2" style="background-color: #d7e3b5; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><td class="mycssHeaderCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"></td><td class="mycssOddCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Long signal</td><td class="mycssEvenCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Short signal</td></tr>
<tr class="mycssOddRow2" style="background-color: #f7f9f0; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><td class="mycssHeaderCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"></td><td class="mycssOddCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Buy a break of resistance level at 1.2800</td><td class="mycssEvenCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Sell a break of support level at 1.2655</td></tr>
<tr class="mycssEvenRow2" style="background-color: #ebf1da; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><td class="mycssHeaderCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">EUR/USD</td><td class="mycssOddCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Buy a break of resistance level at 1.2750</td><td class="mycssEvenCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Sell a break of support level at 1.2600</td></tr>
<tr class="mycssOddRow2" style="background-color: #f7f9f0; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><td class="mycssHeaderCol2" style="background-color: #d7e3b5; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"></td><td class="mycssOddCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Buy a bounce at 1.2655</td><td class="mycssEvenCol2" style="border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;">Sell a failure of breaking the resistance 1.2800</td></tr>
</tbody></table></b><br />
<b><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" /></div><h3 style="border-left-color: rgb(98, 100, 102); border-left-style: solid; border-left-width: 12px; font-size: 14px; font-weight: bold; line-height: 12px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 3px; padding-right: 0px; padding-top: 0px; text-align: justify; text-transform: capitalize;">Fundamental</h3><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">The Euro finished the week at fresh monthly lows against the US Dollar, briefly breaking below the psychologically significant 1.2700 mark before recovering marginally into Friday’s close. A relatively uneventful week of trading left the EURUSD in a tight range until the very end; a near-2 percent decline in the Japanese Nikkei 225 sparked similar declines in European equity indices and took the EURUSD lower on a broad-based US Dollar advance. The week ahead promises a pickup in economic event risk, and the recent EURUSD downtrend leaves it at clear risk of breaking below key support at 1.27. It will be critical to watch whether economic data will be enough to deep the European currency aloft against its US counterpart.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" /></div><h3 style="border-left-color: rgb(98, 100, 102); border-left-style: solid; border-left-width: 12px; font-size: 14px; font-weight: bold; line-height: 12px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 14px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 3px; padding-right: 0px; padding-top: 0px; text-align: justify; text-transform: capitalize;">Technical</h3><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">Technical analysis shows us the euro may continue its downtrend against U.S. dollar as MACD shows a divergences. RSI is in a downtrend. Bollinger gives a bearish signal by closing the candle below the middle band.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">EUR/USD (Daily Chart)</strong></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: justify;">The primary tendency gives a bearish trend.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD_20100823080025.JPG" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><img alt="EURUSD" height="206" src="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD_20100823080025.JPG" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="EURUSD" width="300" /></a></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">EUR/USD (4 Hour Chart)</strong></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">The pair breaks 2 moving averages downwards.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD2_20100823080100.JPG" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><img alt="EURUSD" height="205" src="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD2_20100823080100.JPG" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="EURUSD" width="300" /></a></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">EUR/USD (Hourly Chart)</strong></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">The Minor trend is trying to break Fibonacci fan.</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><a href="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD3_20100823080121.JPG" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;"><img alt="EURUSD" height="204" src="http://mediaserver.fxstreet.com/Reports/bd697678-4959-4d9a-a672-1daf2e543a1a/EURUSD3_20100823080121.JPG" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="EURUSD" width="300" /></a></div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Resistance</strong><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" />1.2800<br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" />1.2750</div><div style="margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><strong style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">Support</strong><br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" />1.2655<br style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" />1.2600</div><div><br />
</div><div class="entryfooter" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-25826779853382150652010-08-23T01:37:00.001-07:002010-08-23T01:37:48.841-07:00US gold eases on stronger dollar<div style="text-align: justify;"><b>Forex Special</b></div><div style="text-align: justify;"><b><br />
</b></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://mediaserver.fxstreet.com/images/goldSmall03.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mediaserver.fxstreet.com/images/goldSmall03.gif" /></a></div><div style="text-align: justify;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">New York, 20 August 2010 - US gold futures fell under pressure from a stronger dollar on Friday but still managed to post a gain for the week.</span></b></div><b><div style="text-align: justify;"><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><br />
</span></div><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;"><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">December gold closed at $1,228.80 per ounce, down $6.60 or 0.5 percent from Thursday’s closing price of $1,235.40 on the Comex division of the New York Mercantile Exchange (Nymex). Prices sank as low $1,223.60 and also ranged as high as $1,235.60 during the session.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Gold prices gained $12.20 or 1 percent over the course of the week, up from last Friday’s closing price of $1,216.60.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">"Gold pared losses as the day wore on, down $6 after being down over $10," said trader George Gero at RBC Global Futures. </span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">"Stop loss areas were not reached, but open interest kept improving. The summer doldrums are more responsible for light trading now," he added.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">A stronger dollar undermined gold prices today in the absence of major economic data. The greenback went up to 1.2662 against the euro, the highest level since July 13, before easing to around 1.2711 in the afternoon.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Traders also sold gold right before the weekend, faced with mounting doubts about the economy, Gero said.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">"Goldman Sachs is telling wealthy clients to ease up on gold, after looking for $1,300 in another area a few days ago, so indecision and uncertainty prevail," he said.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Uncertainty was also seen on Wall Street, where the Dow dropped 0.47 percent to close at 10,223. The Dow declined 0.87 percent during the week, weighed down by poor US jobs, manufacturing and leading indicator figures.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Next week, data for US existing home sales in July comes out on Tuesday and preliminary second-quarter US GDP numbers come out on Friday.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">Other precious metals also faltered on Friday. September silver dropped 33.6 cents or 1.8 percent to close at $17.991 per ounce in a day that saw prices range from $17.845 to $18.34 on the Comex.</span></b></span></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;"><span class="Apple-style-span" style="color: black; font-family: 'Times New Roman'; font-size: medium;"><b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; font-weight: normal;">October platinum fell $13.60 to close at $1,513.90 per ounce and September palladium sank $9.45 to close at $476.20 per ounce on the Nymex.</span></b></span></div></span></b>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.comtag:blogger.com,1999:blog-3725274199225763569.post-5429453581332551922010-08-23T01:35:00.001-07:002010-08-23T01:36:29.635-07:00Manufacturing PMI worse-than-expected in the EMU<div style="text-align: justify;"><b>Forex Special</b><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="http://mediaserver.fxstreet.com/images/illustration04Small.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mediaserver.fxstreet.com/images/illustration04Small.gif" /></a></div><b></b><span class="Apple-style-span" style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px;">Markit economics' release of the PMI in the Euro Area points to an ailing manufacturing sector. The sector's PMI dropped from 56.7 to 55.0, falling below expectations of a harmless decline to 56.4. Not everything is bad in the industry, "Manufacturers reported the faster increase in new orders, despite growth easing to the slowest of the year so far." according to the <a href="http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=6885" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">official release</a>. </span></div><div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div style="text-align: justify;"><br />
</div><div style="text-align: justify;">The services sector followed in the trend, but managed to ease its fall. The EMU Services PMI was expected to remain unchanged at 55.8 but suffered a down tick to 55.6. <a href="http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=6885" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Markits' post reflects</a>: "Service providers saw a slight pick up in the rate of increase in new business."</div><br />
<div style="color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0.6em; margin-left: 0px; margin-right: 0px; margin-top: 0.6em; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div><div class="caixasensefons eventDayTable width400" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; border-bottom-color: rgb(193, 204, 163); border-bottom-style: solid; border-bottom-width: 1px; border-left-color: rgb(193, 204, 163); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(193, 204, 163); border-right-style: solid; border-right-width: 1px; border-top-color: rgb(193, 204, 163); border-top-style: solid; border-top-width: 1px; color: #626466; font-family: Arial, Verdana, Geneva, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 8px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: hidden; overflow-y: hidden; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="table" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=b560240f-819a-415c-b0d3-320f5b0fbfb3" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Purchasing Manager Index Manufacturing</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual red" style="background-attachment: initial; background-clip: initial; background-color: #ffdddd; background-image: url(http://www.fxstreet.com/css/images/eventDayRed.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; color: #d32c33; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">55.0<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">56.4<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">56.7<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div></div></div></div><div class="row" style="background-attachment: initial; background-clip: initial; background-color: white; background-image: url(http://www.fxstreet.com/css/images/eventDayWhite.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; float: left; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><h3 style="background-attachment: initial; background-clip: initial; background-color: #bbc8d8; background-image: url(http://www.fxstreet.com/css/images/eventDayHeader.gif); background-origin: initial; background-position: 0% 0%; background-repeat: repeat no-repeat; color: black; font-size: 12px; font-weight: bold; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 3px; padding-left: 10px; padding-right: 10px; padding-top: 3px; text-transform: capitalize;"><a href="http://www.fxstreet.com/fundamental/economic-calendar?id=bfc681e3-5c0a-44e5-9a61-780d11c8ba2d" style="color: #0b3395; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;">Purchasing Manager Index Services</a></h3><div class="values" style="border-bottom-style: none; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; color: grey; font-size: 16px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; width: 400px;"><div class="actual red" style="background-attachment: initial; background-clip: initial; background-color: #ffdddd; background-image: url(http://www.fxstreet.com/css/images/eventDayRed.gif); background-origin: initial; background-position: 0% 100%; background-repeat: repeat no-repeat; color: #d32c33; float: left; font-size: 20px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">55.6<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Actual</div></div><div class="cons" style="border-left-color: rgb(221, 221, 221); border-left-style: solid; border-left-width: 1px; border-right-color: rgb(221, 221, 221); border-right-style: solid; border-right-width: 1px; float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">55.8<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Consensus</div></div><div class="prev" style="float: left; font-size: 18px; line-height: 20px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 10px; text-align: center; width: 132px;">55.8<br />
<div style="font-size: 12px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 5px; width: 132px;">Previous</div><div><br />
</div></div></div></div><div class="clearer" style="clear: both; font-size: 1px; line-height: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;"></div></div></div>Cute Personhttp://www.blogger.com/profile/14083701680299432828noreply@blogger.com