INTRA-DAY USD/JPY OUTLOOK - 93.07 Last Update At: 06 Jan 2009 00:31 GMT As dlr has edged lower at Asian opening after rising to a marginal high of 93.59 in Australia, suggesting sideways consolidation wud be seen n below initial sup at 92.86 (NY low) wud bring minor retrace. of y'day's rally to 92.55/60 b4 rebound. Stand aside n look to buy dlr on such decline but reckon said y'day's high wud hold fm here... Range Forecast 92.86 / 93.20 Resistance/Support R: 93.59 / 93.91 / 94.50 S: 92.86 /

Short Setup, 4 hour GBP/JPY [23:25:38] jordan : now it's easy to see we most likely will have a re entry on the 4 hour guppy on the next 4 hour time period. [23:25:51] stevied : ok, yea, the 15min does provide a lot of opportunities [23:27:40] jordan : i am still long the usd/jpy 15 min +345 pips (sl b/e) since last week of Dec. [23:28:04] jordan : see a 15min trade, set and forget for the most part [23:33:42] dug : the 15min ZLC can be profitable as well from what i'm seeing [23:34:16] jordan

Euro and Gold loses support U.S. Dollar Trading (USD) found strength against the Euro and JPY but lost ground against most other currencies which rebounded with improving market sentiment and rebound in commodity demand. US Construction Spending dropped by less than expected at -0.6% in November. In U.S. share markets, the NASDAQ was down 5 points (-0.26%) and the Dow Jones was down -81 points (-0.91%). Crude Oil closed up $2.47 ending the New York session at $48.81 per barrel. Looking ahead,

Yen Falls as Risk Aversion Decreases The dollar rose against the euro and yen on Monday as President-elect Barack Obama is seeking a largerthan- expected 300 billion in tax cuts and US construction spending dropped less than expected. The yen fell after breaking important technical levels despite lower US stocks. The recent narrowing of credit spreads and announced large US stimulus limit the downside for the economy and reduce investors’ risk aversion. The euro, yen and Swiss franc were the

Market Review - 05/01/2009 18:33 GMT Dollar rallies versus the Japanese yen and euro on U.S. stimulus plan and ECB's rate cut prospects The greenback rallied from 91.80 to 93.59 and from 1.0705 to 1.1125 against the Japanese yen and Swiss franc respectively on Monday on speculation U.S. President-elect Barack Obama’s fiscal stimulus plan will include hundreds of billions of dollars of tax breaks (up to $310 billion) and will help the U.S. economy recover from recession.

Posted by Northern Trust | Posted in Forecasts / Analysis, Forex News | Posted on 06-01-2009
What to Watch during Early-2009 The year 2008 was a tumultuous year marked with many new economic and financial records. What are we watching in 2009 to discern if economic and financial market conditions are mending? Starting with financial market spreads, it is noteworthy 2008 closed on an encouraging note. First, the spread between the effective federal funds rate and the target federal funds rate appears to have stabilized. The effective and target federal funds rate are tracking closely

Posted by FXstreet.com: Technical | Posted in Forecasts / Analysis, Forex News | Posted on 06-01-2009
Volatility Returns To The Currency Markets The resonance of the New Year is starting to show its true colors at the start of the first full trading-week this year. The Dow finished a volatile day lower, in some ways ruining the sense of stability that pervaded in last week’s market. Volatility in equity prices was complemented by some extreme moves in the fx markets. Looking at today’s biggest percentage movers we can see the sheer magnitude of price action today, with some moves extending to

The buck was lower against most of the majors in NY trading as poor economic data, lower stocks and some big technical breaks saw the greenback sink. The S&P 500 fell about -0.5% and this was helped by a weak US November construction spending report and horrid motor vehicle sales for December. EUR/USD added more than 50 points and was sitting near 1.3610/20 as the session was coming to a close. Look for 1.3650 as the next barrier to upside here. The move in GBP/USD

Posted by Forexnews.com | Posted in Forecasts / Analysis, Forex News | Posted on 06-01-2009
1/5/2009 2:30 PM: EUR/$..1.3601 $/JPY..93.25 GBP/$..1.4718 $/CHF..1.1078 AUD/$..0.7152 $/CAD..1.1889 USD Rallies, Awaits Data The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen. The greenback climbed higher on a combination of a proposed fiscal stimulus plan by President-elect Barack Obama and profit taking from the euro’s sharp year-end gains – jumping to its highest level in 3-weeks versus the

EURO The euro moved sharply lower vis-à-vis the U.S. dollar yesterday as the single currency tested bids around the US$ 1.3550 level and was capped around the $1.3960 level. The common currency fell sharply on news that the incoming U.S. Obama administration is proposing as much as a US$ 775 billion stimulus package including a US$ 300 billion tax cut. Also, the common currency suffered from news that the Italian government may sue some banks that managed bond deals in the
