FXstreet.com: Technical: Technical Market View

USD gains as stocks remain weak

info@easy-forex.com (Easy Forex) — Fri, 20 Nov 2009 18:25:23 GMT

USD: Higher, investors are reducing risk exposure & deleveraging as equity markets trade lower JPY: Higher, Japan’s economy is back in deflation, BOJ upgrades its assessment of Japan's economy EUR: Lower, Trichet says too early to say if the crisis is over GBP: Lower, CBI warns on UK public debt, calls on the government to balance the budget by 2016 CAD and AUD: AUD & CAD lower, tracking weaker equity and commodity prices, Canada’s Q3 growth slows Overview The USD continued to rally

U.S. Update: More dollar corrections

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Fri, 20 Nov 2009 16:16:27 GMT

What happened Asian stocks falling, plus Japan’s government officially declaring that the economy has fallen into deflation due to weak domestic demand, has kick started a dollar rally that extended to American session; adding to negative sentiment regarding high yielding currencies, was the approach of the year end, that push investors to adjust positions. Early economic data show that the Swiss recovery is not strong as it was believed: retail sales earlier this week were quite

The trend to lower interest rates continues

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 20 Nov 2009 15:53:40 GMT

Overview A week with many subtle changes in a series of different markets and instruments. Most notable was the continuing trend to lower interest rates, new record low yields set on benchmark 2-year Swedish Treasuries (0.555%), US 2-year interest rate swaps (just under 1.00%), and Brazil’s USD 2014 bond (3.595%). Many money market futures contracts rallied yet again to new record highs and the effect rippled out through to longer dated paper, Swiss 10-year Conf testing the psychological 2.00%

Chart GBP/USD Update: Downtrend continues

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 14:05:49 GMT

Published at 13:53 (GMT) 20 Nov

Technical Market Commentary

admin@indiaforex.in (India Forex Advisors) — Fri, 20 Nov 2009 15:30:25 GMT

USDINR Chart GBPUSD Chart

Technical Major Currencies Midday Report

support@ecpulse.com (ecPulse.com) — Fri, 20 Nov 2009 13:26:26 GMT

EUR/USD The pivotal resistance at 1.4930 held against pair's attempts to ascend, thus pushing the pair to move downwards and breach the main support at 1.4875; setting a four-hour closing below it. These factors are causing a downside reversal, supported by the bearish technical pattern that was formed, where it neckline is at 1.4880. The next bearish target is around 1.4800. This possible bearish reversal requires the four-hour closing below 1.4880. The trading range for today is among the

Still expect WTTI to hit USD90 within a three-month period

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 20 Nov 2009 13:11:41 GMT

Commodity news Commodities have risen overnight on the back of some dollar weakening; sentiment in equity markets has turned positive this morning. The longest-dated NYMEX WTI future (67. position) closed above USD100 on Wednesday for the first time this year but fell back yesterday to close at USD99. Although trading this far out on the curve (for delivery in December 2017) remains thin with open interest at just 700 compared with 325,000 for the first position, the symbolic value of futures

EUR/USD, USD/JPY Flows - Friday's trade

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 12:33:33 GMT

Published at 12:23 (GMT) 20 Nov The latest USD buying was so pointed that even USD/JPY went up! Here the latest background of the latest bout of risk aversion has been talk in the CEE markets of a Ukrainian default. But though the Ukraine is certainly in trouble, we don't think a default is anywhere close to being imminent, and suggest that it comes from an area quite expert in pushing out stories that might have some credibility, this time with the definite intent on cracking through the

Chart USD/CHF Update: Higher scope still expected

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 11:47:38 GMT

Published at 11:38 (GMT) 20 Nov

London Session

info@forex.com (FOREX.com) — Fri, 20 Nov 2009 11:41:28 GMT

EUR/USD has been under pressure in European hours; the USD finding support despite the modest upward push in European equity indices. Risk appetite has been unsettled by yesterday's news from Brazil that if would further tighten restrictions to stop short-term speculative inflows and by talk that other emerging countries would follow suit. The Turkish central bank this morning has dismissed talk that it is considering such a move. The better position of the USD in Europe has knocked gold, oil

Forex - China Dismissive Of Their Role In Yuan Valuation

support@ac-markets.com (ACM - Advanced Currency Markets) — Fri, 20 Nov 2009 11:20:11 GMT

Forex News and Events: The consolidation of the USD and moderation in risk appetite continues today as a barren data schedule provides little impetus for a break out in major currency pair ranges. Today’s docket is solely occupied with policy maker speeches, but even yesterday’s offerings from Geithner, Fisher and Trichet were muted in impact on FX markets. The most newsworthy element from Geithner’s address to the Joint Economic Committee yesterday was the palpable sense of frustration at a

AUD/USD, EUR/AUD Flows - Watching those bids

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 10:29:16 GMT

Published at 10:01 (GMT) 20 Nov Definitely in 'risk off' mode as we move towards the end of the week, and especially towards option expiry time. Perhaps unusually the reverse correlation between equities and the USD appears to have broken down for the time being, and instead the bigger influence is the big well advertised 1.48-1.51 DNT due to expire at 15:00gmt. At this stage it still looks safe, but it may get a downside test later, and as ever, the AUD is again acting as a 'fast

Gold hovers near its record levels

piet.lammens@kbc.be (KBC Bank) — Fri, 20 Nov 2009 10:03:26 GMT

Headlines Crude remains below 80 $/b Gold hovers near its record levels Averted strike in Chilean copper mine together with profit taking ease base metals

The Dollar advances as global stocks fall and investors look for safety

support@finotec.com (Finotec Group Inc.) — Fri, 20 Nov 2009 11:54:31 GMT

The greenback climbed against the euro as stock markets fell, discouraging demand for higher yielding assets. “The market is very nervous, and there are not a lot of risk takers right now,” said Sebastien Galy, a strategist at BNP Paribas SA in New York. “There’s one big trade, the dollar short trade, and people are feeling increasingly nervous about it.” A short is a bet for a currency to fall. The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading

Bank of Japan kept leading rates on hold at 0.1%

danskeresearch@danskebank.com (Danske Bank A/S) — Fri, 20 Nov 2009 08:00:19 GMT

Key news Uncertainty regarding the pricing in the US equity market drives US equity prices and bond yields lower. Yield on US T-bills was negative. The dollar has remained stable overnight against euro and yen. SEK and NOK were also stable against EUR after losing ground yesterday due to the weakness in the equity markets. Bank of Japan kept leading rates on hold at 0.1% after the Japanese government urged the BoJ to be committed to battle deflation. BoJ more positive on the Japanese economy.

US House Committee postpones vote on banking reforms

Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank) — Fri, 20 Nov 2009 07:54:06 GMT

Quote: ‘There’s a blush for won’t, and a blush for shan’t, And a blush for having done it: There’s a blush for thought and a blush for naught, And a blush for just begun it’. John Keats (1795-1821-) The News: US House Committee postpones vote on banking reforms. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 04:00 JP Bank of Japan keeps rates unchanged at 0.10%; upgrades economic assessment. 07:00 JP October Convenience Store sales Y/Y versus –5.6%

Chart EUR/AUD Update: Settled into consolidation

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 07:50:47 GMT

Published at 07:31 (GMT) 20 Nov

Technical Major Currencies Morning Report

support@ecpulse.com (ecPulse.com) — Fri, 20 Nov 2009 07:33:59 GMT

EUR/USD The support level for the ascending channel showed resilience in front of the pair's continuous attempts at moving to the downside, after the daily close above support levels – presently at 1.4875 – the bullish short term direction will remain intact; whereas yesterday's descend was merely a bearish correction set to gain positive momentum. From here we expect a bullish intraday move for today which will activated if the four-hour closing is above 1.4930 targeting initially 1.5050 and

Technical Market Commentary

admin@indiaforex.in (India Forex Advisors) — Fri, 20 Nov 2009 07:16:25 GMT

Rupee : The Rupee depreciated against the USD in yesterday’s trading session to close at 46.68. Rupee closing above its 21Day but below its 55 Day EMA in daily chart.14-Day RSI is at 53 levels. For the day, support is seen at 46.46/46.35 whereas resistance is seen at 46.80/46.90.(USDINR 46.55) Neutral. Euro : The Euro weakened against the dollar on Wednesday after data showed that tame underlying US inflation and a decline in housing

Asia Session

info@forex.com (FOREX.com) — Fri, 20 Nov 2009 07:01:19 GMT

The Dollar and Yen were steady to end the week as declines on Wall Street carried over to Asia, stemming any demand for risk as traders trimmed positions ahead of the Thanksgiving holiday week. Although most risk pairs ended the day close to flat, the trade day was cut into three distinct parts. The first part of the day was a quick run up in the risk currencies prior to the Tokyo fix, pushing the dollar and yen to session lows. Once the fix was concluded the second move involved a selloff of

USD/JPY, AUD/JPY Flows - USD/JPY dips to day low ahead of Japan holiday, Cross/JPY

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 06:53:11 GMT

Published at 06:40 (GMT) 20 Nov USD/JPY dipping to day lows of 88.71 toward Asia closing, and ahead of the long weekend in Japan, as Japan will be away on Monday for Labour Thanksgiving Day. Good bids at 88.50-60, with some focus on declaration of deflation in Japan. AUD/JPY at 81.65-70, interest still to sell Cross/JPY on rallies, on risk aversion, and short-covering in USD, though USD INDEX a tad lower now, -0.08% at 75.237, as AUD edging back above 0.9205-10 from lows of

US Dollar Can't Commit to a Breakout without a Clear Trend in Sentiment

research@dailyfx.com (DailyFX) — Fri, 20 Nov 2009 06:25:43 GMT

The US dollar has maintained its volatility through this week; but direction has grown ever more elusive. This is not a reflection of the currency’s own fundamental position but rather an indication of hesitancy in underlying risk appetite. While there are mitigating factors that could alter the greenback’s relationship to this primary market theme, there is little doubt that the eventual breakout for the currency will come from a shift in risk appetite. At this point, it is not a question of

Recovery Rally in SDS

info@advicetrade.com (MPTrader.com) — Fri, 20 Nov 2009 06:21:40 GMT

This is an extraordinary chart picture from the high in the UltraShort S&P 500 ProShares (NYSE: SDS) at 118.24 (3/06/09) into this week's low at 35.50. The most salient feature is the fact that RSI momentum hit its most oversold level on 8/04 at 45.37, and thereafter, each successive lower price low has been accompanied by a higher low in the RSI. Each one of the divergences produced a potent rally, but none of the rallies has been able to hurdle its prior peak. This Mon.'s low at 35.50

Market Morning Briefing

info@kshitij.com (Kshitij Consultancy Service ) — Fri, 20 Nov 2009 03:41:20 GMT

Morning Briefing : 20-Nov-2009 - 0336 GMT GOOD MORNING! EQUITIES The Dow (10332.44) and the Nasdaq (2156.82) fell 0.90% and 1.66% respectively. The Dow seems to have found Resistance at 10500 as was expected. Markets would expect the technology stocks to dip further today as Dell announced after market hours that sales to big businesses remained sluggish. Its earnings numbers failed to meet analyst's forecasts. Among the Asians, the Nikkei (9426.60) is trading near an important Support at

Chart USD/TWD Update: Rally eye 32.400/440 next

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 03:27:16 GMT

Published at 02:49 (GMT) 20 Nov Jumped up to clear the 32.300 level to extend recovery from Tue's 32.029 low. Further rally eye extension to 32.400/440 area next, lift over this needed to return focus to the 32.630 and 32.685 highs as daily chart unfolds a basing pattern at the 31.995/32.029 lows. [P.L] R5: 32.63

GBP/USD, GBP/JPY Flows - GBP/JPY, Cross/JPY lower on Japan sales b4 Monday holiday

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 02:57:42 GMT

Published at 02:41 (GMT) 20 Nov Cross/JPY under pressure on risk aversion, with Nikkei at 4-month lows and selling by Japanese investors/ banks ahead of the long weekend, with Japan away on Monday on Labour and Thanksgiving Day. Concerns over further downside in Nikkei as some margin investors have to bail out by year end, also weighing on Nikkei, and sentiment. Nikkei -1.26% or -119.88pts at 9,429.59 - with support at 9,250, and key 9,000 now. China stocks -1.03%, weighed by PBoC Zhou warning

NZD/USD, AUD/USD Flows - Kiwi, Aussie eye 2-wk lows on risk aversion; Gold eye $1100

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 02:56:01 GMT

Published at 01:51 (GMT) 20 Nov "High" yielders Aussie, Kiwi under fresh waves of selling pressure from US hedge funds, macro and also speculators, Asian accounts, as market players continue to unwind short USD positions ahead of year end and also on risk aversion. Gold prices off all time highs, $1153, now $1142.65/1143.25, with the precious metal seem ripe for some precious pause after its precious rally. "Stops" seen below key $1,100. AUD hit day lows of 0.9172, after rising to 0.9215, eye

Big pull back in Global stocks

info@easy-forex.com (Easy Forex) — Fri, 20 Nov 2009 02:29:45 GMT

Big pull back in Global stocks U.S. Dollar Trading (USD) was very strong for most of the day as stocks around the world suffered from heavy profit taking and concerns of new bubbles in assets. Weekly Jobless claims were at forecasts of 505k whilst the November Philly Fed was stronger at 16 vs. 11.5 previously. In US Stocks, DJIA -93 points closing at 10332, S&P -15 points closing at 1094 and NASDAQ -36 points closing at 2156. The Euro (EUR) was very heavy as USD strength and EUR/JPY

USD/JPY, AUD/JPY Flows - Cross/JPY dips post 89.05 Weekend Fix on risk aversion

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 01:43:10 GMT

Published at 01:09 (GMT) 20 Nov USD/JPY long weekend fixing set at 89.06, with Japan away on Monday for Labour and Thanksgiving day. USD/JPY, Cross/JPY back down again after rising earlier on Japanese long weekend fixing, including talks of toushin demand, before dipping on back of options related, funds selling again. USD/JPY hit 89.06 from 88.86 earlier, while AUD/JPY edging up to 82.00-05, from 81.60-70m, before dipping back down to 81.80-90- as Cross/JPY still weighed by risk aversion and

Chart EUR/USD Update : Still choppy in range

analysis@fxmarketalerts.com (FXMarketAlerts) — Fri, 20 Nov 2009 01:41:39 GMT

Published at 00:18 (GMT) 20 Nov

U.S. Forex Market Commentary

info@gcitrading.com (GCI) — Thu, 19 Nov 2009 23:50:15 GMT

EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4840 level and was capped around the $1.4965 level. Weakness in global equity markets, particularly in U.S. shares, resulted in less demand for higher-yielding assets denominated in euro and other currencies. Traders reduced their long exposure to risk today and many dealers believe this is a trade that could continue through the end of the year as positions are

New York Session

info@forex.com (FOREX.com) — Thu, 19 Nov 2009 22:09:58 GMT

The NY session witnessed a total washout for risky assets. This was a welcome sign for the bears that see the current rally as long in the tooth. US equities shed more than -1.3% in broad terms but the recent correlation between stocks and currencies broke down a touch. Despite what was a beaten down equity market for the better part of the session, EUR/USD managed to rally from a NY open near 1.4860 towards the 1.4920/30 area as we write. USD/JPY meanwhile traded in tandem with Treasury

Chart USD/MXN Update: Still choppy with an upside bias

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 19 Nov 2009 21:59:31 GMT

Published at 19:30 (GMT) 19 Nov

USD extends gains as risk appetite falls

info@easy-forex.com (Easy Forex) — Thu, 19 Nov 2009 18:20:06 GMT

USD: Higher, risk appetite drops as stocks and commodities decline, fear of double dip recession JPY: Higher, supported by safe haven demand, gains in cross trade EUR: Lower, German Wiseman said Germany may be at risk to double dip recession in late 2010 GBP : Lower, retail sales improve and public-sector borrowing rose more than expected CAD and AUD: AUD & CAD lower, tracking weaker equity and commodity prices, RBA policy uncertainty Overview A wave of pessimism hit the global

U.S. Update: Risk appetite fades

analyst@fxstreet.com (FXstreet.com Independent Analyst Team) — Thu, 19 Nov 2009 15:56:26 GMT

What happened Following Wall Street, Asian shares fell dragging dollar and yen higher across the board, a movement that extended to Europe, and continues in American session. However, Euro managed to hold above 1.4840 support area against greenback, despite general risk aversion sentiment has pushed gold almost $ 20 to the downside, from yesterday’s high. Battle among dollar destiny, is no doubts in the European currency hands: as long as the pair remains above the 1.4740 area, greenback

Technical Market Commentary

admin@indiaforex.in (India Forex Advisors) — Thu, 19 Nov 2009 14:56:47 GMT

Gold has once again outshone other assets classes by powering to new highs above $1153, bringing the gains month-to-date to an astounding +10.2%. The move has been paralleled by rallies in most major and EM currencies against the USD (albeit to a less impressive extent), however underlining the disintegration of recent correlations, equity markets put in a rather mediocre performance on the whole. Yesterday’s major news event was the publication of the Bank of England Minutes; revealing the

USD, ZAR Chart COMEX Dec Gold Update: Bulls have room to give

analysis@fxmarketalerts.com (FXMarketAlerts) — Thu, 19 Nov 2009 14:02:22 GMT

Published at 13:55(GMT) 19 Nov

Mixed movements in commodities this morning

danskeresearch@danskebank.com (Danske Bank A/S) — Thu, 19 Nov 2009 13:12:43 GMT

Commodity news Mixed movements in commodities this morning: oil is trading just below USD80,while copper is at USD6,870 after rising close to USD7,000 yesterday. Equities are slightly lower and the dollar has strengthened somewhat overnight. The EIA weekly oil stock report showed a decline in US inventories of all products. Notably, crude stocks are now below the maximum level seen in the past five yearstaking seasonal factors into account, although they remain well above the average (see

London Session

info@forex.com (FOREX.com) — Thu, 19 Nov 2009 11:35:02 GMT

A difficult session for Japan's Nikkei 225 overnight wiped away risk appetite at the start of the European session. EUR/USD dropped back to 1.4847 early in the session, the EUR finding support from the strength of the EUR/JPY 132.00 technical barrier. Sterling found encouragement on positive news from the Oct retail sales data. The better tone of the USD has helped knock gold off its highs. The OECD has doubled its forecast for growth in 2010 to 1.9%. It expects growth of 2.5% in 2010. Neither

Forex - Currencies Waiting For A Breakout From Recent Ranges

support@ac-markets.com (ACM - Advanced Currency Markets) — Thu, 19 Nov 2009 11:15:37 GMT

Forex News and Events: It seems that neither economic releases nor unexpected Fed remarks about interest rate policy has been able to coerce major currency pairs out of their entrenched ranges this week. Despite comments from Bernanke on Monday, San Francisco Fed President Yellen on Tuesday, and St Louis Fed President Bullard yesterday, the USD seems unable to force a break out from the well-trodden consolidation zones. EURUSD has been locked between 1.4800 and 1.4990; with transient waves of