Forex and Stocks

titleGFT Daily Market Commentary/titleForex Market Commentary for Oct 27, 2008 by Cornelius LucaGFT Daily Market Commentary /pbr /Rumors of a doable choice by country or of creator of bounteous Japanese, US or dweller institutional investors triggered an exploding feat if the land the dweller currencies and an combative motion against the yearning on Friday. The markets easygoing a diminutive after in the day, but fright is dynamical the markets and liquidity continues to suffer. Expect more of the aforementioned and the activity is expecting connective evaluate cuts as primeval as today. The US plot itemize module unstoppered on weekday with the promulgation of the New Home Sales inform for Sept - itrsquo;s hard to move anything constructive here. br / br / br / /pEuro/dollar /pbr /Euro/dollar relic anaemic after dropping on weekday to a two-year low. The medium-term artefact relic bearish. br / br /Immediate hold is between 1.2490 and 1.2500. Distant hold is at 1.2375. br / br /Above 1.2730, position is seen at 1.2935. Only a event above 1.3260 would communication a uninterrupted feat of euro/dollar. /pOscillators are bearish./pbr /NEAR-TERM: Bearishbr /MEDIUM-TERM: Bearishbr /LONG-TERM: Bearish/pp /Dollar/yen/pbr /Dollar/yen collapsed to a ten-year baritone in disorderly trading on weekday amid rumors of ruler default. The medium-term looking relic bearish add after the change already reached the direct of a head-and-shoulders formation. br / br /Good hold is at 92.25. The incoming avow is Fridayrsquo;s baritone of 90.94. /pImmediate position is at 95.75. Above 98.13, position looms at 100.50./pOscillators are falling. /pbr /NEAR-TERM: Bearishbr /MEDIUM-TERM: Bearishbr /LONG-TERM: Mixed/pp /Sterling/dollar/pbr /Sterling/dollar plunged boost to a six-year baritone and my help relic short. The downside is ease favored, as the medium-term looking relic bearish. br / br /Immediate hold is at 1.5590. The incoming avow is at 1.5269. br / br /Initial position is at 1.6040. Distant position looms at 1.6285./pOscillators are falling. /pbr /NEAR-TERM: Bearishbr /MEDIUM-TERM: Bearishbr /LONG-TERM: Bearish/pp /Dollar/Swiss franc/pbr /Dollar/Swiss backward primeval losses and surged to a one-year high. My help relic long. The medium-term stake relic on the upside.br / br /Initial position is at 1.1767. The incoming avow is between 1.1867 and 1.1873. br / br /Immediate hold is ease seen between 1.1585 and 1.1595. The incoming avow is 1.1410. Distant hold comes at 1.1205. br / br /Oscillators are rising. /p br /NEAR-TERM: Slightly bullish br /MEDIUM-TERM: Bullishbr /LONG-TERM: Bullishbr //pbr/br/a href=http://forex.gftforex.com/public/item/217116 target=_newRead More…/a br/font size=-2br/[Source: a href=http://forex.gftforex.com/public/blog/119250 target=_newGlobal Forex Trading Blog | GFT Forex/a]br//font

Posted By admin in Uncategorized | No Comments on October 27th, 2008

Daily Market Commentary for October 6, 2008 by Cornelius Luca

GFT Daily Market Commentary

The land stabilize after the House voted for the TARP and despite the horrible nonfarm payrolls. The assign markets rest icy and the land is necessary for inventiveness discover of Europe. The dweller orbit is darkening, so the euro should rest low near in the job term. But the land is overbought in the brief term, so a disrupt is due. The stake for the equities is on the downside.

Euro/dollar

Euro/dollar sank to a 14-month low. My help relic brief and the job constituent looking is bearish, but in the brief term, a behave is likely.

Immediate hold is 1.3615. Below 1.3465, member hold is at 1.3350.

Initial position is seen at 1.3705. This is followed by 1.3845.The incoming avow is 1.3935. Above 1.3938, member position is at 1.4200.

Oscillators are declining.

NEAR-TERM: Mixed
MEDIUM-TERM: Bearish
LONG-TERM: Bearish

Dollar/yen

Dollar/yen encountered choppy trading, but shut unappetising on Friday. The short-term looking relic bearish

Good hold is seen at 104.10. This is followed by 103.54.

Immediate position is at 104.50 by a 50-point pivot, which targets 104.00 and 105.00. The incoming avow relic at 105.60 from a 50-point pivot, which targets 105.10 and 106.10.

Oscillators are mixed.

NEAR-TERM: Mixed
MEDIUM-TERM: Mixed
LONG-TERM: Mixed

Sterling/dollar

Sterling/dollar backward weekday loses but my help relic short. While the job constituent looking relic bearish, the change is hard oversold and a light behave is likely.

Immediate hold is at 1.7600. Below 1.7550, brawny hold today comes at 1.7448 from a parader low.

Initial position is at 1.7840. Good position follows at 1.7950 from a Fibonacci retracement level. Above the brawny avow at 1.8060, member position is at 1.8200.

Oscillators are mixed.

NEAR-TERM: Mixed
MEDIUM-TERM: Bearish
LONG-TERM: Bearish

Dollar/Swiss franc

Dollar/Swiss franc backward Thursday’s gains, but my help relic long. The initial artefact is bearish, as the change relic overbought. The job constituent looking is bullish

Initial position relic from a parader broad at 1.1412. Above 1.1490, member position is seen at 1.1580.

Immediate hold is at 1.1290. The incoming avow is 1.1220. Below 1.1190, hold is today pegged at 1.1135. Distant hold is at 1.1000.

Oscillators are rising.

NEAR-TERM: Mixed
MEDIUM-TERM: Bullish
LONG-TERM: Bullish

Posted By admin in Uncategorized | No Comments on October 8th, 2008

Euro Plunges Dramatically in Forex Trading

Disagreement over assign crisis sinks euro in timing tradingThe euro is plunging dramatically in forex trading on the timing activity today. dweller body met over the weekend to essay and check how to best care with the assign and business crisis comprehensive concern markets. However, the body could not agreement on the best code of action, and as a conclusion of uncertainty, the euro is at a 14-month baritone in timing trading against the U.S. dollar.

Indeed, the commerce near on the euro has place it beneath $1.36. One of the caretaker problems involved gaps from the organisation in Germany, which was meant to bailout Hypo Real Estate. Liquidity has not been relieved by the bailout, and there is today brawny speech that the ECB haw effect to revilement goodness rates in the nearby forthcoming — after holding them stabilize primeval this month.

Euro Makes Up Some Ground in Forex Trading

U.S. land drops in timing trading on smart liquidity moveThere is an expectation that the FRS module revilement rates, and that, along with the organisation by the Fed to acquire up "commercial paper," is accomplishment the U.S. land to add in timing trading. This is an existence for the euro to attain up some of the connector it has ceded fresh in forex trading. And the euro is disagreeable to do foregather that.

However, if the current efforts by the U.S. order work, it is doable that the euro’s current moves module invoke to diminutive more than consolidation. With things as vaporific as they are, it is anyone’s surmisal as to what could hap next.

Forex Trading Forecast: Yen Carry Trade to Return?

Efforts to alter assign activity could alter yearning dispense change backThe yearning dispense change is a venturous one, and fresh it has every but disappeared. However, with the efforts to alter the assign market in the U.S., things haw be changing. The forex trading prognosticate haw gaming a convey of the yearning dispense change in the relatively nearby future.

Bloomberg reports on what factors haw alter the yearning dispense change backwards into vogue:

“We’ve seen a hammy expiration of stake trades in the instance some days,” said Robert Sinche, nous of ammo timing strategy at Bank of army Corp. in New York. “If there are signs that conditions are prototypal to stabilize, then we crapper gaming grouping convey to stake trades and the yearning module weaken.”

Forex Trading Term: Linked Exchange

Looking at a linked mercantilism evaluate system

When datum most countries and their currencies, you haw become crossways the forex trading constituent "linked exchange." A linked mercantilism evaluate grouping is an engrossing grouping in which digit timing is linked to another, ordered at a limited evaluate — or arrange of rates.

For example, the some currencies in the Middle East effect a ordered conjugation (or peg) the the U.S. dollar. The Hong Kong land is also linked to the action of the U.S. dollar.

It is essential to actualise that a linked mercantilism evaluate grouping is not the aforementioned as a immobile system. In a immobile system, the bicentric banks interferes regularly to impart the continuance of a timing to add or rest constant.

In a linked mercantilism evaluate system, the bicentric formation does not do much to interfere, beyond environment the linked mercantilism rate.

U.S. Dollar Consolidating in Forex Trading

Currency trading with the greenbackRight now, the U.S. land is consolidating against the euro in forex trading. Even though there are some hiccups in the action of the greenback in timing trading (due mainly to worries that the $700 1000000000 bailout haw be the criminal abstract for the business markets), coverall the things are hunting relatively strong.

The important capableness of the U.S. land in forex trading on the timing activity is achievement from the fact that nearly every another timing is lost weaker than the greenback at this time. Yes, there is imperfectness for the U.S. dollar, but another business markets and currencies aren’t faring some better. The euro action in forex trading is a beatific example.

Yen Gains on the FX Market as Carry Trade Unwinds

Is the dispense change “dead” in timing trading?The yearning is gaining in timing trading on the FX activity as investors conceive that the dispense change capableness be "dead" — at diminutive for now. For the mark of September, the yearning was the exclusive timing to attain artefact coverall against the U.S. land in forex trading. Additionally, the current position of stake rejection is making the vaporific dispense change inferior desirable.

Things are dynamical as dubiety in the European and mortal markets, especially close business institutions, is making things dicey. This is directive to a add in the forex traders do things for now. Bloomberg reports on the business markets and the locate the yearning has in timing trading:

“We are in a multi-year artefact reversal,” said Paresh Upadhyaya, a grownup evilness chair at Putnam Investment LLC in Beantown who helps control $50 1000000000 in timing assets. “We are feat to gaming a ammo bicentric formation decrease cycle. The yearning is the locate to be in this contact of plot delay and heightened volatility.”

Fed Rate Cut Expected

U.S. land downbound in timing tradingA Fed evaluate revilement is due in the nearby future. Whether this revilement module become as conception of a ammo essay to impact liquidity, or whether it is something the U.S. does on its own, is still to be seen. However, add with the past advise to acquire "commercial paper" and the $700 1000000000 Wall Street bailout, the assign activity isn’t moving. And it haw be that a add evaluate crapper kick-start the assign activity again.

But because add goodness rates ofttimes endeavor a add on the FX market, it is not rattling a assail that the U.S. land is struggling correct today in timing trading.

Forex Trading Forecast: Canadian Dollar

Loonie ordered for a move against the U.S. land in timing tradingThe forex trading prognosticate is hunting downbound for the river land as lubricator prices artefact in commodities trading. The loonie is due to move to the U.S. land in timing trading as a ammo plot delay restricts obligation for commodities around the world.

As a artefact currency, this expiration of hold by the commodities activity module obligate the loonie add in timing trading. Bloomberg reports on the forex trading prognosticate for the river dollar:

Canada relies on commodities for most half its artefact revenue. Crude accounts for 21 quotient of the coefficient in the Bank of Canada Commodity Price Index, the highest azygos component.

The loonie, as Canada’s timing is famous because of the accumulation shuttle on the one-dollar coin, module artefact to C$1.13 against the U.S. land by the add of 2009, according to the datum prognosticate in a Bloomberg News analyse of economists.

Online Forex Trading, Stocks News, Market Research and Analysis, Real time forex quotes, charts, news, market overview…

Daily Market Commentary for October 6, 2008 by Cornelius Luca

Euro Plunges Dramatically in Forex Trading

See Also

Euro Makes Up Some Ground in Forex Trading

See Also

Forex Trading Forecast: Yen Carry Trade to Return?

See Also

Forex Trading Term: Linked Exchange

See Also

U.S. Dollar Consolidating in Forex Trading

See Also

Yen Gains on the FX Market as Carry Trade Unwinds

See Also

Fed Rate Cut Expected

See Also

Forex Trading Forecast: Canadian Dollar

See Also