Stock Hideout - FOREX and Foreign Exchanges http://www.stockhideout.com en Sat, 21 Nov 2009 04:32:19 GMT vBulletin 1 http://www.stockhideout.com/images/vuel/misc/rss.jpg Stock Hideout - FOREX and Foreign Exchanges http://www.stockhideout.com <![CDATA[Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009 [Post #30373]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30373#post30373 Thu, 19 Nov 2009 11:40:57 GMT Dollar Falls on Fed Official's Rate Comments And The Wild Card Gold 19 Nov 2009
Thursday, 19 Nov 2009
Dollar Falls on Fed Official's Rate Comments

The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.

The Wild Card
Gold

Gold prices rose significantly in the last month and peaked at $1141.25 for an ounce. However, the daily chart's RSI is floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.
forex|forex trading|learn forex|forex trading software ]]> FOREX and Foreign Exchanges forexqs <![CDATA[Forexpros.com Daily Analysis - 19/11/2009 [Post #30370]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30370#post30370 Thu, 19 Nov 2009 09:43:42 GMT *_Forexpros Daily Analysis Nov. 19, 2009_* *_Free webinar - Beyond the Forex Chart: Inter-Market Analysis_* Expert: Mark Dela Paz When:... Forexpros Daily Analysis Nov. 19, 2009


Free webinar - Beyond the Forex Chart: Inter-Market Analysis

Expert: Mark Dela Paz
When: Tue, Nov 24, 2009, 11:00 EST

Have you ever wondered why the dollar drops when gold and oil prices are up, or the Yen crosses rally when the stock markets are on a run. Join Mark de la Paz of FXinstructor in his latest module for the ‘Forex 101’ series, as we examine the fundamental reasons behind inter-market correlations and learn how to use technical analysis to take advantage of these market relationships.

Course Objective:
1)Develop both a quantitative and qualitative understanding of inter-market correlations.
2)Understand how supply and demand dynamics in a currency pair may affect others.
3)Learn to apply technical analysis concepts for a quick and easy method of inter-market analysis in a trading environment.

Click here to join the webinar.

---

The Bank of Japan is due to hold a press conference Tomorrow (NOV 20).

The Bank regularly uses press releases in order to communicate with investors. Topics at such conferences generally include economic outlook, inflation and changes in interest rates.

For more on USD/JPY, USD/NZD and other currency majors see Forexpros.

---

Euro Dollar

The Euro broke the resistance 1.4935, and came very close to our first suggested target at 1.4998, when it reached a top at 1.4990, before retreating back to 1.49 this morning. Short-term resistance is provided by the falling trendline from yesterday's high on the intraday charts, which is currently at 1.4931. If this resistance is overtaken, then the technical outlook will have the strength to reach 1.4998 first, and if this is broke we have the right to expect 1.5082 for the first time this year. As for the support, stopping near Fibonacci 50% for the rising move from 1.4806 to yesterday's top 1.4990 makes it an important support at 1.4898, but the most important support is at 1.4786, and if broken we will be heading towards November 13th bottom 1.4820 first, then the most important support at this stage 1.4786, where there is Fibonacci 61.8% for the rise from 1.4625 to 1.5047. Especially with the rising line from August 17th low getting close to this.

Support:
• 1.4876: Fibonacci 61.8% for the rise from 1.4806 to 1.4990.
• 1.4820: November 13th low.
• 1.4786: Fibonacci 61.8% for the rising move from 1.4625, the most important support for the medium-term.

Resistance:
• 1.4931: the falling trendline from yesterday's top on the intraday charts.
• 1.4998: intraday top from Monday.
• 1.5082: previous resistance from 2008.

---

USD/JPY

Dollar-Yen is still holding on above 89 , but on the other hand it was not able to surpass the previous top at 89.52. Now, the price is trying hard to hold above 89, where Fibonacci 61.8% for the short-term is at 89.01. If this level holds, we will see an upward correction, while breaking this level in specific indicates a continuation of the downside movement towards 88.13, which is the last important support before the last 15 years low 87.10. As for the resistance, the most important for short-term is November 11th low 89.23, breaking it would initiate a correction that would ideally target 89.87. This level is the most important resistance at the moment, and a candidate to initiate a new down move (of course that is in case we get there), only breaking this level would change our expectations to the upside, when we target 90.73.

Support:
• 89.01: short-term Fibonacci 61.8%
• 88.13: Oct 13th low.
• 87.10: Jan 12th low.

Resistance:
• 89.27: Nov 11th low.
• 89.87: Fibonacci 61.8% for short-term.
• 90.73: intraday top.

---

Analysis by Forexpros - Written by Munther Marji.

For information on Central Banks see Forexpros.

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Review 19/11/2009 [Post #30369]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30369#post30369 Thu, 19 Nov 2009 09:41:32 GMT USD Dollar (USD) The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast... USD Dollar (USD)


The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation, core CPI came out at 0.2% vs. 0.1% forecast. NASDAQ and Dow Jones declined by -0.48% and -0.11% respectively, Crude oil has risen for three days in a row closing at 79.58% a barrel, Gold (XAU) continued to rise trading above 1140$ level and closed at 1141.2$ an ounce. Today, Unemployment Claims are expected at 503K vs. 502K prior. Philly Fed Manufacturing Index is expected with 12.3 versus 11.5.

EURO (EUR)


The Euro advanced against the Dollar as Federal Reserve Bank of St. Louis President James Bullard said past experience indicates policy makers may not start to raise interest rates until early 2012. Current account came out worse than expected with -5.4B vs. 0.6B forecast. EUR/USD traded with a low of 1.4857 and with a high of 1.4990. Today, ECB president Trichet will speak at the Euro50 Group Conference in Paris.
EUR/USD - Last: 1.4921

British Pound (GBP)


The Pound slid from almost a 2 month high against the Euro and declined versus the Dollar after MPC Meeting Minutes of this month’s Bank of England meeting showed the vote to increase the bond-purchase program by 25 billion pounds ($42 billion) wasn’t unanimous. Overall, GBP/USD traded with a low of 1.6714 and with a high of 1.6845. Today, Retail Sales are expected with 0.6% vs. 0.0% prior.

GBP/USD - Last: 1.6697

Japanese Yen (JPY)


The Yen weakened against the Dollar trading with a low of 89 and with a high of 89.48. In addition, Japanese stocks fell, led by real- estate companies on concern sales of new equity will dilute earnings per share and after investment ratings were cut. Today, Bank of Japan will release its Interest Decision expected to remain at 0.1%.

USD/JPY-Last: 89.09

Canadian dollar (CAD)


The Canadian Dollar fell for a second day versus the Dollar as CPI figures came out worse than expected at -0.1% vs. 0.2% forecast and stocks declined decreasing demand for higher yielding assets. Overall, USD/CAD traded with a low of 1.0449 and with a high of 1.0582. Today, Leading Index is expected at 0.8% vs. 1.1% prior, Wholesale Sales are expected at 0.6% vs. -1.4% prior. Bank of Canada Governor Carney will speak in New York about the monetary system.

CAD/USD - Last: 1.0579

UFXBank Research ]]> FOREX and Foreign Exchanges UFXBank research <![CDATA[Forexpros.com Daily Analysis - 18/11/2009 [Post #30269]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30269#post30269 Wed, 18 Nov 2009 10:49:59 GMT *_Forexpros Daily Analysis Nov. 18, 2009_* *_Free webinar - Beyond the Forex Chart: Inter-Market Analysis_* Expert: Mark Dela Paz When:... Forexpros Daily Analysis Nov. 18, 2009


Free webinar - Beyond the Forex Chart: Inter-Market Analysis

Expert: Mark Dela Paz
When: Tue, Nov 24, 2009, 11:00 EST

Have you ever wondered why the dollar drops when gold and oil prices are up, or the Yen crosses rally when the stock markets are on a run. Join Mark de la Paz of FXinstructor in his latest module for the ‘Forex 101’ series, as we examine the fundamental reasons behind inter-market correlations and learn how to use technical analysis to take advantage of these market relationships.

Course Objective:
1)Develop both a quantitative and qualitative understanding of inter-market correlations.
2)Understand how supply and demand dynamics in a currency pair may affect others.
3)Learn to apply technical analysis concepts for a quick and easy method of inter-market analysis in a trading environment.

Click here to join the webinar.

---

Fundamental Analysis, UK

The UK National Statistics Bureau will publish the monthly Retail Sales measurement Tomorrow (Nov 19).
Retail Sales are a measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the UK.
It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the UK economy.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Analysts expect tomorrow’s measurement to stand at 0.60%, a slight increase from last month.

For analysis on GBP/USD and other currencies see Forexpros.

---

Euro Dollar

As expected, the Euro dropped after breaking 1.4934, reaching the first suggested target 1.4879 successfully, and getting close somehow to the second target and important level 1.4786. This behavior only gave us more confidence in the importance of 1.4786, where there is Fibonacci 61.8% for the up-move from 1.4625 to 1.5047, especially with the rising trendline from August 17th low, approaching this level. Short-term support is nearby at 1.4876, a break here would target Fibonacci 61.8% for the rising move from yesterday's low which is at 1.4839. This is the last notable support before the all important 1.4786. The technical outlook for the short-term will not turn positive before breaking Fibonacci 61.8% for the drop from Monday's top at 1.4935. If this happens, the Euro will bounce to 1.4998 first, and if we can break this level, we have the right to wait for 1.5082 for the first time this year.

Support:
• 1.4876: short-term support.
• 1.4839: Fibonacci 61.8% for the short-term.
• 1.4786: Fibonacci 61.8% for the rising move from 1.4625, the most important support for the medium-term.

Resistance:
• 1.4935: short-term Fibonacci 61.8%.
• 1.4998: intraday top from Monday.
• 1.5082: previous resistance from 2008.

---

USD/JPY

Dollar-Yen broke both the support & resistance specified in yesterday's report without being able to create any large moves in both cases. Now, the price is trying hard to hold above 89, where Fibonacci 61.8% for the short-term is at 89.01. If this level holds, we will see an upward correction, while breaking this level in specific indicates a continuation of the downside movement towards 88.13, which is the last important support before the last 15 years low 87.10. As for the resistance, the most important for short-term is November 11th low 89.23, breaking it would initiate a correction that would ideally target 89.87. This level is the most important resistance at the moment, and a candidate to initiate a new down move (of course that is in case we get there), only breaking this level would change our expectations to the upside, when we target 90.73.

Support:
• 88.90: obvious support on the hourly chart.
• 88.13: Oct 13th low.
• 87.10: Jan 12th low.

Resistance:
• 89.27: Nov 11th low.
• 89.87: Fibonacci 61.8% for short-term.
• 90.73: intraday top.

---

Analysis by Forexpros - Written by Munther Marji.

For Forex software platforms see Forexpros.

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Review 18/11/2009 [Post #30268]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30268#post30268 Wed, 18 Nov 2009 09:07:08 GMT USD Dollar (USD) The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production... USD Dollar (USD)


The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closing at 1140.5$ an ounce. Today, Building Permits are expected higher with 0.59M versus 0.57M prior and Core CPI is expected with 0.1% versus 0.2% prior. Housing Starts are expected higher with 0.61M versus 0.59M and Crude Inventories are expected with 1.2M versus 1.8M prior.

EURO (EUR)


The Euro weakened versus the Dollar and the Pound as risk appetite weakened and ECB\'s president Trichet said a strong Dollar is important for the world economy. European Trade Balance came out better than expected with 6.8B versus -0.9B expected. EUR/USD traded with a low of 1.4806 and with a high of 1.4998. Today, European Current Account is expected with 0.6B versus -1.3B prior. ECB President Trichet will speak in Frankfurt.

EUR/USD - Last: 1.4870


British Pound (GBP)


The Pound remained almost unchanged versus the Dollar as CPI figures came out better than expected but Industrial Production in the U.S lowered investors Risk Appetite. CPI came out 1.5% versus 1.4% expected and RPI came out -0.8% versus -0.9% expected. Overall, GBP/USD traded with a low of 1.6755 and a high of 1.6872. Today, MPC Meeting Minutes will be released. CBI Industrial Order Expectations are expected with -47 versus -51 prior.
GBP/USD - Last: 1.6800


Japanese Yen (JPY)


The Yen gained versus the Euro and weakened versus the Dollar as risk appetite lowered after Industrial Production in the U.S came out weaker than expected. Overall, USD/JPY traded with a low of 88.73 and a high of 89.53 and EUR/JPY traded with a low of 132.44 and a high of 133.58. Today, All Industries Activity is expected with -0.1% versus 0.9% prior.

USD/JPY-Last: 89.17


Canadian dollar (CAD)


The Canadian Dollar dropped as Risk Appetite weakened following U.S production data. Overall, USD/CAD traded with a low of 1.0464 and a high of 1.0617. Today, Canadian CPI is expected with 0.2% versus 0% prior and Core CPI is expected with 0% versus 0.3% prior.

CAD/USD - Last: 1.0535


UFXBank Research ]]> FOREX and Foreign Exchanges UFXBank research <![CDATA[Daily Review 17/11/2009 [Post #30153]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30153#post30153 Tue, 17 Nov 2009 10:08:21 GMT USD Dollar (USD) The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail... USD Dollar (USD)

The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month highs with 1.38% and 1.45% gains respectively after Bernanke\'s speech. Crude gained by 3.3% closing at 78.87$ a barrel and Gold (XAU) jumped by 2.02% closing at 1140.4$ an ounce. Today, PPI is expected stronger with 0.6% versus -0.6% prior. TIC Long-Term Purchases are expected with 27.3B versus 28.6B prior. Industrial Production is expected with 0.4% versus 0.7% prior. FOMC Member Lacker will speak about his economic outlook at the State House Appropriation Committee in Richmond.

EURO (EUR)

The Euro gained versus the Dollar after Fed Chairman Bernanke commented the interest rates will remain low, spurring Risk Appetite. European CPI and Core CPI came out as expected with -0.1% and 1.2% respectively. EUR/USD traded with a low of 1.4880 and with a high of 1.5014. Today, European Trade Balance is expected with -0.9B versus 1B.
EUR/USD - Last: 1.4970


British Pound (GBP)

The Pound reached new 3 month highs versus the Dollar after Bernanke\'s speech spurred risk appetite. Overall, GBP/USD traded with a low of 1.6657 and a high of 1.6876. Today, CPI is expected stronger with 1.4% versus 1.1% prior. RPI is expected with -0.9% versus -1.4% prior.
GBP/USD - Last: 1.6825


Japanese Yen (JPY)

The Yen gained versus the Dollar, Euro and the Pound as it Japan\'s economy showed the fastest growth pace in more than 2 years pulling Japan out of the recession. Tertiary Industry Activity came out weaker with -0.5% versus 0.1% expected and 0.3% prior. Overall, USD/JPY traded with a low of 88.74 and a high of 89.72 and EUR/JPY traded with a low of 133.18 and a high of 134.32. No major economic data is expected today.
USD/JPY-Last: 89.10


Canadian dollar (CAD)

The Canadian Dollar gained versus the Dollar as stocks and commodities gained. Manufacturing Sales came out 1.4% better than 1% expected and -1.8% prior. Overall, USD/CAD traded with a low of 1.0425 and a high of 1.0540. No major economic data is expected today.
CAD/USD - Last: 1.048


UFXBank Research ]]> FOREX and Foreign Exchanges UFXBank research <![CDATA[Forexpros.com Daily Analysis - 17/11/2009 [Post #30152]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30152#post30152 Tue, 17 Nov 2009 09:50:32 GMT Forexpros Daily Analysis Nov. 17, 2009


Free webinar - An insider's guide to Forex

Expert: Richard Regan
When: Tue, Nov 17, 2009, 17:00 EST

Watch an in depth presentation on the inner workings of the global FOREX market. Richard explains what traps to avoid and how to position yourself to take advantage of the moves in currencies.

Click here to join the webinar.

---

Fundamental Analysis, Australia

• Tuesday: Reserve Bank's Board November Minutes (Text Report).
• Wednesday: Westpac Leading Index (Previous 1.1%, Expected N/A).
• Thursday: Average Weekly Wages QoQ (Previous 1.2%, Expected N/A)
& YoY (Previous 6.1%, Expected N/A).


More on AUD/USD and other currencies on Forexpros.

---

Euro Dollar

The Euro moved in both directions, breaking both the support & resistance specified in yesterday's report, without being able to reach the target in both cases. We have witnessed a swift move during yesterday's trading, when the Euro dropped very fast to 1.4879 only to rise with the same light speed to 1.5014. This move has founded an important support at 1.4879, where the rising trendline from November 3rd bottom meets yesterday's low. If this support is broken, we will be heading to a test of Fibonacci 61.8% at 1.4782, which is also an important level. As for the resistance, after the price behavior we witnessed in the past few days, the area 1.4982-1.5018 became a gathering for several short-term resistance levels that are very close to each other. We will choose the lower limit of that area as our resistance of the day, if 1.4982 is broken, we will see price levels that have not been seen this year, as we will target 1.5082 first, then 1.5145.

Support:
• 1.4934: short-term support.
• 1.4879: the rising trendline from Nov 3rd bottom, and yesterday's low.
• 1.4782: Fibonacci 61.8% for the rising move from 1.4625.

Resistance:
• 1.4982: the lower limit of the resistance area 1.4982-1.5018.
• 1.5082: previous resistance from 2008.
• 1.5145: previous resistance from 2008.

---

USD/JPY

Dollar-Yen broke the support specified in yesterday's report 89.46, and reached the first suggested target 88.82 successfully, in a long awaited visit to areas below 89. Now, the price is trying hard to hold above 89, after establishing a support at 88.90. If this level holds, we will see a correction of yesterday's drop, while breaking this level in specific indicates a continuation of the downside movement towards 88.13, which is the last important support before the last 15 years low 87.10. As for the resistance, the most important for short-term is November 11th low 89.23, breaking it would initiate a correction that would ideally target 89.88. This level is the most important resistance at the moment, and a candidate to initiate a new down move (of course that is in we get there), only breaking this level would change our expectations to the upside, when we target 90.73.

Support:
• 88.90: obvious support on the hourly chart.
• 88.13: Oct 13th low.
• 87.10: Jan 12th low.

Resistance:
• 89.27: Nov 11th low.
• 89.88: Fibonacci 61.8% for short-term.
• 90.73: intraday top.

---

Analysis by Forexpros - Written by Munther Marji.

For charts and other trading tools see Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Review 16/11/2009 [Post #30086]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30086#post30086 Mon, 16 Nov 2009 12:18:02 GMT USD Dollar (USD) The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than... USD Dollar (USD)



The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan\'s Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel and Gold (XAU) resumed gaining with 0.91% rise closing at 1116.1$ an ounce. Today, Retail Sales are expected better with 1% versus -1.5% prior and Core Retail Sales are expected slightly worse with 0.4% versus 0.5% prior. Fed Chairman Bernanke and FOMC Member Kohn will speak today.

EURO (EUR)



The Euro gained versus the Dollar on Friday after gains in stock markets led risk appetite higher causing investors to ignore weak economic data. German Prelim GDP came out weaker with 0.7% versus 0.8% expected and European Flash GDP came out 0.4% versus 0.6% expected. EUR/USD traded with a low of 1.4824 and with a high of 1.4937. Today, European CPI and Core CPI are expected unchanged with -0.1% and 1.2% respectively.


EUR/USD - Last: 1.4950



British Pound (GBP)



The Pound climbed versus the Dollar on Friday as risk appetite remained strong even after weaker Sentiment was released in the U.S. Overall, GBP/USD traded with a low of 1.6574 and a high of 1.6706. Today, MPC\'s Members Tucker and Sentence will speak.


GBP/USD - Last: 1.6700



Japanese Yen (JPY)



The Yen gained versus most majors as a larger U.S trade deficit and weaker sentiment caused investors to favor the Yen as a safe haven. Overall, USD/JPY traded with a low of 89.46 and a high of 90.41 and EUR/JPY traded with a low of 132.84 and a high of 134.45. Today, Tertiary Industry Activity is expected with 0.1% versus 0.3% prior.


USD/JPY-Last: 89.60



Canadian dollar (CAD)



The Canadian Dollar gained versus the Dollar after Canadian Trade Balance came out better with -0.9B versus -1.6B expected. Overall, USD/CAD traded with a low of 1.0472 and a high of 1.0566. Today, Manufacturing Sales are expected stronger with 0.5% change versus -2.1% prior.



CAD/USD - Last: 1.0500


UFXBank Research ]]> FOREX and Foreign Exchanges UFXBank research <![CDATA[Forexpros.com Daily Analysis - 16/11/2009 [Post #30084]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30084#post30084 Mon, 16 Nov 2009 10:08:41 GMT Forexpros Daily Analysis Nov. 16, 2009


Free webinar - An insider's guide to Forex

Expert: Richard Regan
When: Tue, Nov 17, 2009, 17:00 EST

Watch an in depth presentation on the inner workings of the global FOREX market. Richard explains what traps to avoid and how to position yourself to take advantage of the moves in currencies.

Click here to join the webinar.

---

Fundamental Analysis, Canada

• Monday: Manufacturing Sales MoM (Previous -2.1%, Expected 1.6%)
• Wednesday: CPI MoM (Previous 0.0%, Expected 0.1%) & YoY (Previous -0.9%, Expected 0.3%). Core CPI MoM (Previous 0.3%, Expected 0.0%) & YoY (Previous 1.5%, Expected 1.7%).
• Thursday: Leading Indicators MoM (Previous 1.1%, Expected 1.7%).

Get further analysis on CAD/USD and other currency pairs at Forexpros.

---

Euro Dollar

The Euro moved in both directions, before choosing the upside, creating a rising move that continued from Friday until after the open last night, that elevated the EURUSD to 1.4971 until now. The most important support for medium-term is 1.4786, which is a crucial support, for setting the direction for the next few days, because breaking it would indicate that the drop from 1.5047 is not just a correction. Such a break would harm the technical outlook not just for the short-term but for the medium-term as well. However, for the short-term, the most important support is 1.4934, and breaking it would indicate that the fall will carry on and target the important 1.4786, and if broken we will see a test of the bottom that we saw twice 1.4682. The resistance is at 1.4972, and breaking it would send the price to test the top that we saw twice last week 1.5018, which is the key to 1.5082 that could be seen for the first time this year.

Support:
• 1.4934: short-term support.
• 1.4856: Oct 28th & 29th high.
• 1.4782: Fibonacci 61.8% for the rising move from 1.4625.

Resistance:
• 1.4972: short-term resistance.
• 1.5018: Nov 9th & 10th high.
• 1.5082: previous resistance from 2008.

---

USD/JPY

After halting with a reasonable accuracy near the resistance of Friday's report 90.52, Dollar-Yen broke the support 90.02 and reached the first suggested target 89.60. Friday's price behavior introduced the support 89.46, that we will adopt as support of the day. IF this support is taken, we will finally see the long awaited visit of 88.82, the important support for the medium-term. And if broken the next target will be October 13th low 88.13. As for the resistance, it comes from short-term Fibonacci 61.8% at 90.12. A break here would indicate that the odds of surpassing Friday's high are very good, and that will target 90.90 first, and may be 91.31. Even though the falling trendline from 92.31 was broken on Thursday, still the technical picture of the medium-term is hazy, and we await more signals to help us determine the direction of the medium-term.

Support:
• 89.46: obvious support on the hourly chart.
• 88.82: Oct 14th low, and an important low for determining the medium-term trend.
• 88.13: Oct 13th low.

Resistance:
• 90.12: Fibonacci 61.8% for short-term.
• 90.90: a well known previous support/resistance.
• 91.31: Nov 4th high.

---

Analysis by Forexpros - Written by Munther Marji
Get more Forex education at Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Technical Analysis November 16th, 2009 [Post #30081]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30081#post30081 Mon, 16 Nov 2009 08:21:33 GMT *EURUSD Outlook* In my weekly summary on Saturday, I said that in order to complete the valid double top formation, the second bearish channel... EURUSD Outlook

In my weekly summary on Saturday, I said that in order to complete the valid double top formation, the second bearish channel (yellow) must remain valid. Well, looks like the channel has been violated to the upside earlier today in Asian session as you can see in my h4 chart below. This fact should diminish the double top bearish reversal scenario and the pressure is now more to the upside, but it’s too early to say that double top bearish reversal scenario is over. I think this pair need consistent move above 1.4950/60 to continue upside pressure re-testing 1.5062. A failure to do so could be considered as a false breakout and trigger significant bearish momentum. Only break above 1.5062 should be seen as double top scenario failure and could lead to bullish continuation scenario targeting 1.5150 and 1.5300 area. On the downside, key support level remains at 1.4850/20 area. Break below that area should keep the valid double top scenario intact towards 1.4625 and 1.4450 area.
GBPUSD Outlook

After rejection to move below the bullish channel on Thursday, GBPUSD had bullish momentum on Friday, as you can see in my h4 chart below. This fact should keep the bullish scenario intact and the bias is more to the upside now re-testing 1.6842 in nearest term. Break above that area should continue the bullish scenario re-testing 1.7042 area. Immediate support at 1.6692. Break below that area should lead us into no trading zone as price might attempt to test the lower line of the bullish channel once again.
USDJPY Outlook

My false breakout strategy worked perfectly on Friday, as USDJPY had a nice bearish momentum, bottomed at 89.45 and closed at 89.64. The bias is bearish in nearest term with 88.80 as nearest technical target, but we need a valid break below 89.40 support area. As you can see in my h4 chart below, that support area is a potential obstacle to the bearish pressure, just like what happened on November 11 (red circle) when price retreat significantly to the upside after made a false breakdown from that area. Immediate resistance at 90.00/20 area. Break above that area should be seen as bearish failure and lead us into no trading zone as direction would become unclear for me.
USDCHF Outlook

My concern about potential false breakout if price failed to consistently stay above the trendline resistance (red) which lead to bearish momentum became a fact on Friday, as we had a significant bearish momentum, bottomed 1.0101 and closed at 1.0125 on Friday. Earlier today in Asian session the pair keep moving lower, traded around 1.0090 at the time I wrote this comment. The bias is bearish in nearest term targeting 1.0000 psychological level. Immediate resistance at 1.0150. Break above that area should lead us into no trading zone as direction would become unclear for me
EURJPY Outlook

The EURJPY attempted to push lower on Friday, bottomed at 132.84 but closed higher at 133.60. On h4 chart below we can see that the bearish pressure was rejected by the trendline support (red) and price now bounce to the upside. As long as the trendline support hold, the bias is more to the upside testing 135.00 in nearest term. Immediate support at 133.10 area. Break below that area should trigger further downside pressure testing the trendline support area.
GBPJPY Outlook

The GBPJPY made indecisive movement on Friday. As you can see on my daily chart below, price still moving between trendline support and resistance (triangle) but I hope break on either side is imminent so we can see clearer direction. Breakout to the upside should confirm bullish scenario with technical target at least at 153.22. Breakdown to the downside should trigger bearish momentum at least towards 148.24 even 146.36 area.
AUDUSD Outlook

The AUDUSD had a significant bullish on Friday. On h4 chart below, we can see that again, price break above 0.9327. Technical bias is bullish in nearest term with 0.9400 – 0.9500 as potential target. However, false breakout on Thursday should be our concern as it might happen again this time. We need consistent move above 0.9370 area to confirm the bullish continuation scenario. The situation could be very tricky at this phase so do not rush jump into the market. Another break below 0.9327 should lead us into no trading zone as direction would become unclear for me.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Forex Signals for EUR/USD GBP/USD USD/JPY USD/CHF Monday, 16 Nov 2009 [Post #30080]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30080#post30080 Mon, 16 Nov 2009 08:19:57 GMT Monday, 16 Nov 2009 – 6:45 AM GMT EUR/USD Trend: Upward Buy EUR/USD at 1.4973 SL 1.4933 TP1 1.5003 TP2 1.5023 Resistances : 1.4964 -1.5008... Monday, 16 Nov 2009 – 6:45 AM GMT
EUR/USD
Trend: Upward
Buy EUR/USD at 1.4973 SL 1.4933 TP1 1.5003 TP2 1.5023
Resistances : 1.4964 -1.5008
Supports : 1.485 – 1.4781
Pivot : 1.4894
GBP/USD
Trend: Upward
Buy GBP/USD at 1.6719 SL 1.6679 TP1 1.6749 TP2 1.6769
Resistances :1.6742- 1.6791
Supports : 1.6609 – 1.6526
Pivot : 1.6658
USD/JPY
Trend: Upward
Buy USD/JPY at 89.59 SL 89.19 TP1 89.89 TP2 90.19 ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forexpros.com Daily Analysis - 12/11/2009 [Post #29940]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29940#post29940 Thu, 12 Nov 2009 10:13:54 GMT Forexpros Daily Analysis Nov 12, 2009


Free webinar - An insider's guide to Forex

Expert: Richard Regan
When: Tue, Nov 17, 2009, 17:00 EST

Watch an in depth presentation on the inner workings of the global FOREX market. Richard explains what traps to avoid and how to position yourself to take advantage of the moves in currencies.

Click here to join the webinar.

---

The U.S Bureau of Economic Analysis will publish the monthly Trade Balance index tomorrow (Nov 13).

The Index measures the difference in worth between exported and imported goods (exports minus imports), which make up the largest component of a country's balance of payments.

Export data gives reflection on the US growth, while imports provide an indication of domestic demand.

The index serves as a powerful indicator for the streangth of the USD, because foreigners must buy the domestic currency to pay for the nation's exports.

Analysts forecast tomorrow's index to stand at -32.00B, a drop from lasts month's reading of -30.70B.


More fundamental analysis at Forexpros.

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Euro Dollar

The Euro fluctuated in a tight range, breaking both the support & resistance specified in yesterday's report, without reaching the target in either cases, and without any large moves to follow the breaks. Short-term support is still at 1.4975 where there is the moving average SMA100, and the previous support. If broken, the Euro will probably fall today in a correction for the last move up from 1.4625, targeting 1.4886 & 1.4836 and may be the most important support for medium-term currently at 1.4786. In this case, the later will become a crucial support, for setting the direction for the next few days, because breaking it would indicate that the drop from 1.5047 is not just a correction. Such a break would harm the technical outlook not just for the short-term but for the medium-term as well. The most important resistance is 1.5018, and breaking it would give the Euro a push to areas above yesterdays high, and we could finally see 1.51.

Support:
• 1.4975: the moving average SMA100 and a previous support.
• 1.4886: Fibonacci 38.2% for the last rising move.
• 1.4836: Fibonacci 50% for the last rising move.

Resistance:
• 1.5018: Monday's & Tuesday's high.
• 1.5082: previous resistan4ce from 2008.
• 1.5144: previous support from 2008.

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USD/JPY

For the past 24 hours, the Dollar-yen did not break any of the levels specified in yesterday's report, it did not penetrate 90.23, it did not drop below 89.53. The most important thing to happen from a technical point of view was the fact that the falling trendline and the rising broken trendline came closer to each other. The most important resistance is provided by the falling trendline from October 27th top, which is currently at 90.00. The bears will be in control as long as price is below this line that provides today's most important resistance. And if this happens, we expect the price to fall and test Fibonacci 61.8% support for the short-term at 89.56, and may be a break as well, that will lead to the important bottom 88.82. If the opposite of what we expect happens, and we break the resistance 90.00, the price will be on its way to 90.90 first, and may be 91.31 later.

Support:
• 89.56: Fibonacci 61.8% for the short-term.
• 88.82: Oct 14th low, and an important low for determining the medium-term trend.
• 88.33: previous support.

Resistance:
• 90.00: the falling trendline from Oct 27th high.
• 90.90: a well known previous support/resistance.
• 91.31: Nov 4th high.

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Analysis by Forexpros - Written by Munther Marji

Get further analysis on GBP/USD and other currency pairs at Forexpros.

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[How To Trade Forex In A Different Way… [Post #29929]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29929#post29929 Thu, 12 Nov 2009 00:46:21 GMT The Forex market is the largest financial market in the world. And new traders keep coming in every single day due to the high advantages like the... The Forex market is the largest financial market in the world. And new traders keep coming in every single day due to the high advantages like the leverage and liquidity it offers. Although, the Forex market also has some disadvantages like being open 24 hours a day.

But there’s a way of you getting the advantages of the Forex market without trading it directly… If you want to see how you can do this, just click here to read the entire article…
 ]]> FOREX and Foreign Exchanges ForexTopTen <![CDATA[Forexpros.com Daily Analysis - 11/11/2009 [Post #29872]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29872#post29872 Wed, 11 Nov 2009 14:33:46 GMT Forexpros Daily Analysis Nov 11, 2009


Free webinar - An insider's guide to Forex

Expert: Richard Regan
When: Tue, Nov 17, 2009, 17:00 EST

Watch an in depth presentation on the inner workings of the global FOREX market. Richard explains what traps to avoid and how to position yourself to take advantage of the moves in currencies.

Click here to join the webinar.

---

The US Department of Labor will release the weekly Initial Jobless Claims report tomorrow (NOV 12).

The report serves as a measure of the number of people who file for unemployment benefits for the first time during the given week, and gives an indication to the health of the job market, as increases indicates that there are fewer people being hired.

While this measure tends to be volatile, analysts predict no change since last week’s measure of 512.00k.

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Euro Dollar

In the past 24 hours, the Euro have not broken the support 1.4925 nor the resistance 1.5014, that the price stopped at again with accuracy (yesterday's high is exactly Monday's high at 1.5018). And now, it looks like there is an attempt to break the rising trendline from November 3rd bottoms, which is currently at 1.4975. If the Dollar manages to drag the Euro to below this line, the rising trend from last weeks high 1.4625 will be over. And that suggests there will be a correction matching the size of this trend that will force the Euro to areas below 1.49 where we find three attractive targets: Fibonacci 38.2 for the above mentioned uptrend at 1.4868, and Fibonacci 50% at 1.4821, and before them the resistance that stopped the Euro several times last week at 1.4897. the most important resistance is defiantly 1.5014, and only breaking it will improve the short-term technical outlook for the Euro, since such a break will lead the price up to areas not seen this year, first of which 1.5082 then 1.5144.

Support:
• 1.4975: The bottom of the rising channel from Nov 3rd lows.
• 1.4897: the resistance that stopped the price several times last week.
• 1.4821: Fibonacci 50% for the last rising move.

Resistance:
• 1.5014: previous resistance from 2008.
• 1.5082: previous resistan4ce from 2008.
• 1.5144: previous support from 2008.

---

USD/JPY

Dollar-Yen broke the support 89.79 and reached the first target suggested for that break 89.40 successfully. The break of 89.79, the support that was provided to us by the rising trendline from last week's low, clearly means that the short-term trend is a down trend. However, the correction of yesterday's drop has already started, and is getting closer and closer to the broken trendline at 89.82 as this report is prepared. But the most important resistance is 90.23, where the falling trendline from October 27th top awaits. The bears will be in control as long as price is below this line that provides today's most important resistance. And if this happens, we expect the price to fall and test Fibonacci 61.8% support for the micro-term at 89.53, and may be a break as well, that will lead to the important bottom 88.82. If the opposite of what we expect happens, and we break the resistance 90.23, the price will be on its way to 90.90 first, and may be 91.31 later.

Support:
• 89.53: Fibhonaci 61.8% for the micro-term.
• 88.82: Oct 14th low, and an important low for determining the medium-term trend.
• 88.33: previous support.

Resistance:
• 90.23: the falling trendline from Oct 27th high.
• 90.90: a well known previous support/resistance.
• 91.31: Nov 4th high.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Technical Analysis Nov 11 09 [Post #29854]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29854#post29854 Wed, 11 Nov 2009 05:13:08 GMT *EURUSD Outlook* The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.4937 but closed higher at 1.4983.... EURUSD Outlook

The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.4937 but closed higher at 1.4983. I think the pair is now consolidating after significant bullish on Monday. The bias is neutral in nearest term but bullish scenario should remains intact, at least indicated by a bullish channel (yellow) as you can see in my h4 chart below. Immediate support is seen at 1.4930 and lower line of the bullish channel. Break below that area could trigger further bearish correction testing 1.4850 and the major trendline resistance area (blue) and could be a potential threat to my bullish outlook. I still prefer and expect a bullish scenario for this week but I think we need a clear break above 1.5062 to confirm bullish scenario towards 1.5150 and 1.5300. Expected range at 1.4930 – 1.5062.
GBPUSD Outlook

The GBPUSD was also indecisive yesterday, attempted to push lower, bottomed at 1.6599 but further downside pressure was rejected as the pair closed higher at 1.6735. The bias is neutral in nearest term but we have a nice bullish channel on daily chart below indicating a bullish scenario with technical target 1.7042 remains intact. Immediate support at 1.6680. Break below that area should trigger further downside pressure re-testing 1.6599 area. Initial resistance at 1.6842. Break above that area should lead us to further bullish momentum towards 1.7042 area.
USDJPY Outlook

We had a volatile market yesterday. As you can see in my h4 chart below, we had an intense battle around my new trendline support area (yellow) but it seems like bearish side is in good position now as price able to stay below the trendline (now resistance). The bias is bearish in nearest term but watch out for potential good intermediate support at this phase around 89.40 area. We need a consistent move below that area to confirm bearish scenario targeting 88.80 area. Immediate resistance remains at 90.20/50 area.
USDCHF Outlook

Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. As you can see in my h4 chart below, after break below the trendline resistance and 1.0166 area price is now consolidating within new expected range at 1.0116 – 1.0033/00. We need a break on either side to see clearer direction. The bias is neutral in nearest term but I still prefer a bearish scenario at this phase.
EURJPY Outlook

My technical study didn’t work very well yesterday. The pair attempted to push higher but only peaked at 135.36 (30 pips lower from my long target) before whipsawed to the downside, bottomed at 134.12 and closed at 134.54. As you can see in my daily chart below, price is now re-testing the trendline support indicating critical technical situation. I still prefer a bullish scenario but if we have another movement below the trendline, the bias would be unclear for me this week. Immediate support at 134.00 area. Break below that area should trigger further bearish pressure towards re-testing 133.35. Initial resistance at 135.36 (yesterday’s high). Break above that area should trigger further bullish momentum.
GBPJPY Outlook

My technical study and strategy was completely a mess yesterday. As you can see on daily chart below, we had a bearish momentum as price once again move below my trendline support but actually downside momentum was also limited as price bounce higher and now struggling around the trendline area (red). I think we are in no trading zone now since I see no clear direction. Immediate resistance at 150.80 – 151.00 area. Break above that area should trigger further bullish momentum targeting 153.22 area. Initial support at 149.00. Break below that area could be a serious threat to the bullish outlook.
AUDUSD Outlook

Yesterday, I said that we need a break above 0.9327 area to confirm bullish scenario, and I was right. The pair failed (so far) to break above that area and had indecisive movement. I still prefer a bullish scenario but once again, we need a clear break above 0.9327 to confirm bullish scenario targeting 0.9400 and 0.9500. Immediate support at remains at 0.9250 area. Break below that area should lead us into no trading zone.

FX Instructor LLC ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Currency Pair Daily Forecasts [Post #29797]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29797#post29797 Tue, 10 Nov 2009 14:24:12 GMT *EUR/USD Daily Technical Reports* EUR/USD-market strategy can be a buy from the level 1.4943$ Technical oscillators supporting the bullish... EUR/USD Daily Technical Reports

EUR/USD-market strategy can be a buy from the level 1.4943$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line.
USD/JPY Daily Technical Reports

USD/JPY-market strategy can be a sell form the level 90.52
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.
GBP/USD Daily Technical Reports

GBP/USD-market strategy can be a buy from the level 1.6683$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines are in a bullish direction. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line.
USD/CHF Daily Technical Reports

USD/CHF-market strategy can be a sell from the level 1.0180
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.
Finotec Group Inc.

]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Technical Analysis November 10th, 2009 [Post #29795]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29795#post29795 Tue, 10 Nov 2009 14:22:35 GMT *EURUSD Outlook* As I had expected, the EURUSD continued it’s bullish momentum yesterday, topped at 1.5019 and closed at 1.4995. The bias should... EURUSD Outlook

As I had expected, the EURUSD continued it’s bullish momentum yesterday, topped at 1.5019 and closed at 1.4995. The bias should remains bullish in nearest term re-testing October 26 high, 1.5062. I will be watching any reaction around this area since technically we could have a double top formation if price reject to move above that area, as you can see in my daily chart below. However, a breakout above that area should continue the upside scenario targeting 1.5150 area as a bearish correction/reversal scenario failure could potentially produce the other scenario: bullish continuation. Immediate support is seen at 1.4950 followed by 1.4850 area.
GBPUSD Outlook

As I had expected, the GBPUSD continued it’s bullish momentum yesterday, hit my long target at 1.6740, topped at 1.6842 but closed lower at 1.6757. We have seen in the last several days, how a triangle, a simple classical technical tool can be used effectively to gain some profitable trades as you can see on my daily chart below
On h4 chart below, from a Fibonacci retracement point of view, the pullback from 1.6842 to 1.6704 yesterday is actually a normal correction as 1.6704 area is the 23.6% Fibo retracement area of 1.6261 – 1.6842 and now price seem to reject to move below that area, indicating potential further bullish continuation. However, of course we need a clear break above 1.6842 to confirm bullish continuation scenario with 1.7042 as potential technical target. Break below 1.6704 should lead us into no trading zone but I still prefer a bullish scenario at this phase.
USDJPY Outlook

My technical study worked fine yesterday. Oversold CCI I said yesterday gave us a valid upside signal testing the trendline resistance area (red), topped at 90.25 before moving lower and closed at 89.96. I think we are still in no trading zone but I still prefer a bearish scenario at this phase. As you can see on my h4 chart below, I have a new trendline support (yellow) which could be an important support at this phase especially if price break below that trendline support, confirm my bearish scenario targeting 88.80 area. Immediate resistance at 90.20/50.
USDCHF Outlook

My technical strategy worked perfectly yesterday. As you can see on my h4 chart below, we had a nice bearish movement, bottomed at 1.0053 after my trendline support (red) violated to the downside. The bias remains bearish in nearest term but I will stay away for now since we are faced with 1.0000 psychological support area. I need a clear movement below 1.0000 area to confirm that we are in a new stage of bearish scenario. Immediate resistance at 1.0120 and 1.0166 area. As long as the pair stay below that area expect further downside pressure.
EURJPY Outlook

The EURJPY had a bullish momentum yesterday. With all the noises from ECB and The Fed are now gone, I believe that yesterday’s bullish momentum is the real direction. The bias is bullish in nearest term targeting 135.70/90 area. Immediate support at 134.50 and the trendline support area. Break below that area should lead us into no trading zone as direction would become unclear for me.
GBPJPY Outlook

The GBPJPY had a significant bullish momentum yesterday. On daily chart below we can see that the pair is now convincingly traded above the trendline resistance (red, now support) indicating potential further bullish scenario. The bias is bullish in nearest term targeting 153.22 area. Immediate support at 150.20. Break below that area should lead us into no trading zone but I still prefer a bullish scenario at this phase.
AUDUSD Outlook

As I had expected, the AUDUSD continued it’s bullish momentum yesterday, topped at 0.9307 and closed at 0.9305. The bias remains bullish in nearest term but watch out for a potential double top formation around 0.9327 area. We need a breakout above that area to confirm bullish continuation targeting at least 0.9400 before aim for 0.9500 as usually a bearish correction/reversal scenario failure lead to the other scenario: bullish continuation. Immediate support at 0.9250. Break below that area should lead us into no trading zone but I still prefer a bullish scenario at this phase.

FX Instructor LLC
 www.fxinstructor.com ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Forex Signals for EUR/USD GBP/USD USD/JPY USD/CHF [Post #29793]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29793#post29793 Tue, 10 Nov 2009 14:19:56 GMT Tuesday, 10 Nov 2009 - EUR/USD Trend: Downward Sell EUR/USD at 1.4978 SL 1.5018 TP1 1.4948 TP2 1.4928 Resistances : 1.4949 -1.5032 Supports... Tuesday, 10 Nov 2009 -
EUR/USD
Trend: Downward
Sell EUR/USD at 1.4978 SL 1.5018 TP1 1.4948 TP2 1.4928
Resistances : 1.4949 -1.5032
Supports : 1.4742 – 1.4618
Pivot : 1.4825
GBP/USD
Trend: Downward
Sell GBP/USD at 1.6647 SL 1.6687 TP1 1.6617 TP2 1.6597
Resistances :1.6636- 1.6715
Supports : 1.6439 – 1.6321
Pivot : 1.6518
USD/JPY
Trend: Upward
Buy USD/JPY at 89.85 SL 89.45 TP1 90.15 TP2 90.35
Resistances :91.32- 91.95
Supports : 90.05 – 89.42
Pivot : 90.68
USD/CHF
Trend: Upward
Buy USD/CHF at 1.0092 SL 1.0052 TP1 1.0122 TP2 1.0142
Resistances : 1.0245 -1.0336
Supports : 1.0095 – 1.0036
Pivot : 1.0186 ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forexpros.com Daily Analysis - 10/11/2009 [Post #29782]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29782#post29782 Tue, 10 Nov 2009 10:31:24 GMT Forexpros Daily Analysis Nov 10, 2009


Free webinar today - Mapping out the Banking System & Foreign Exchange Dealing Process, Part I

Expert: Dan Cook
When: Tue, Nov 10, 2009, 11:00 EST

As the first Webinar of a two part series, Dan Cook, Senior Market Analyst at IG Markets will shed light on the inner workings of the international banking system and its impact on currency trading.
The webinar will provide a breakdown of the Central Banks and the Interbank System, highlighting the roles of each of the major players and how their policy decisions impact currency markets. Additionally, Cook will review major market indicators and identify which data releases most critically impact currency markets, enabling traders to get a better sense of which economic announcements warrant the most attention.

Click here to join the webinar.

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Traders await the release of the Bank of England's (BOE) Quarterly Inflation Report tomorrow (NOV 10th).

The report sets out a detailed economic analysis and inflation projection on which the Bank's Monetary Policy Committee bases its interest rate decisions. The Monetary Policy Committee is also expected to present an assessment of the prospects for UK inflation over the next two years.

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Euro Dollar - Rising Trendline

The Euro broke the resistance specified in yesterday's report 1.4942 and reached the first target suggest for his break 1.5014 with good accuracy (yesterday's high was 1.5018). Yesterday's target will be today's resistance, and if broken we expect this rise to go on, reaching new highs that we have not seen this year, first of which is 1.5082, then 1.5144. The most important support for the next few hours will be the rising trendline from November 3rd bottoms, which is at 1.4925 currently. In case it is broken, the Euro will face a correction on the short-term horizon that will target Fibonacci 38.2% for the short-term at 1.4821, at least, and could reach 61.8% at 1.4746. In this case, the latter will be the most important support for the short-term because staying above means this drop is only a correction, while breaking it means it is more than a correction.

Support:
• 1.4925: The bottom of the rising channel from Nov 3rd lows.
• 1.4821: Fibonacci 38.2% for the last rising move.
• 1.4746: Fibonacci 61.8% for the last rising move.

Resistance:
• 1.5014: previous resistance from 2008.
• 1.5082: previous resistan4ce from 2008.
• 1.5144: previous support from 2008.

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USD/JPY - Falling Trendline

As we said yesterday, the two-time stop at the descending trendline on Friday, and at Fibonacci 50% resistance at the beginning of the week, the borders of the downtrend is getting clearer and clearer. The falling trendline is now at short-term Fibonacci 61.8% resistance is at 90.37, meeting them in the same area is the moving average SMA100, making this area the most important for the short-term. Staying below it means that bears are in control. More confidence for the downtrend will be gained once we break 89.79, the support provided by the rising trendline from this weeks low. Such a break will target 89.40 then the important bottom 88.82. If a surprise happens, and we break 90.37, we will target 90.90 first, then 91.30.

Support:
• 89.79: the rising trendline from this weeks low.
• 89.40: previous support.
• 88.82: Oct 14th low, and an important low for determining the medium-term trend.

Resistance:
• 90.37: a resistance area that includes Fibonacci 61.8% for the short-term, a falling trendline, and the moving average SMA100.
• 90.90: a well known previous support/resistance.
• 91.30: Nov 4th high.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section. ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Forexpros.com Fundamental Weekly Outlook Nov 9 [Post #29705]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29705#post29705 Mon, 09 Nov 2009 12:27:26 GMT *EU:* • Monday: Germany Trade Balance (Previous 8.1B, Expected 11.3B), Germany Current Account (Previous 4.6B, Expected 9.3B), Imports (Previous... EU:

• Monday: Germany Trade Balance (Previous 8.1B, Expected 11.3B), Germany Current Account (Previous 4.6B, Expected 9.3B), Imports (Previous 1.1%, Expected 0.9%)., Exports (Previous -1.8%, Expected 2.5%). France Bank of France Business Sentiment (Previous 92, Expected 93). Euro-zone Sentix Investor Confidence (Previous -12.6, Expected -12.0). Germany Industrial Production MoM (Previous 1.7%, Expected 1.0%) & YoY (Previous -16.8%, Expected -14.4%).
• Tuesday: Germany Consumer Price Index CPI MoM (Previous 0.1%, Expected 0.1%) & YoY (Previous 0.0%, Expected 0.0%). France Industrial Production MoM (Previous 1.8%, Expected 0.5%) & YoY (Previous -10.8%, Expected -9.2%). Germany ZEW Survey Economic Sentiment (Previous 56, Expected 55), Germany Zew Survey Current Situation (Previous -72.2, Expected -70.0). Euro-Zone ZEW Survey Economic Sentiment (Previous 56.9, Expected 58.0).
• Thursday: Euro-Zone Industrial Production MoM (Previous 0.9%, Expected 0.5%) & YoY (Previous -15.4%, Expected -14.1%).
• Friday: Germany GDP QoQ (Previous 0.3%, Expected 0.8%) & YoY (Previous -5.9%, Expected -4.8%). France GDP QoQ (Previous 0.3%, Expected 0.6%) & YoY (Previous -2.8%, Expected -1.9%). Euro-Zone GDP QoQ (Previous 0.2%, Expected 0.5%) & YoY (Previous -4.8%, Expected -3.9%).

US:

• Tuesday: IBD/TIPP Economic Optimism (Previous 48.7, Expected N/A). ABC Consumer Confidence (Previous 49.0, Expected N/A).
• Thursday: Initial Jobless Claims (Previous 512K, Expected 510K). Monthly Budget Statement (Previous -155.5B, Expected -150.0B).

• Friday: Trade Balance (Previous -30.7B, Expected -31.6B), Import Price Index MoM (Previous 0.1%, Expected 1.0%) & YoY (Previous -12.0%, Expected -5.6%). University of Michigan Consumer Confidence (Previous 70.6, Expected 71.0)

JP:

• Tuesday: Trade Balance (Previous 303.7B, Expected 630.0B), Current Account (Previous 1171.2B, Expected 1510.0B). Bank Lending (Previous 1.6%, Expected 1.5%), Banks Lending Banks (Previous 1.7%, Expected N/A). Eco Watchers Survey: Current (Previous 43.1, Expected N/A), Eco Watchers Survey: Outlook (Previous 44.5, Expected N/A). Machine Tool Orders YoY (Previous -62.1%, Expected N/A).
• Wednesday: Machine Orders MoM (Previous 0.5%, Expected 4.1%) &YoY (Previous -26.5%, Expected -26.3%).
• Thursday: Domestic CGPI MoM (Previous 0.1%, Expected -0.1%) & YoY (Previous -7.9%, Expected -6.0%).
• Friday: Industrial Production MoM (Previous 1.4%, Expected N/A) & YoY (Previous -18.9%, Expected N/A). Consumer Confidence (Previous 40.7, Expected 40.5).

UK:

• Tuesday: Trade Balance (Previous 2.318B, Expected 2.000B). DCLG UK House Prices YoY (Previous -5.6%, Expected -4.9%).
• Wednesday: Jobless Claims Change (Previous 20.8K, Expected 20.0K). Average Earnings (Previous 1.9%, Expected 1.8%), Average Earnings Including Bonuses (Previous 1.6%, Expected 1.4%). ILO Unemployment Rate (Previous 7.9%, Expected 8.0%). Bank of England Quarterly Inflation Report (Text Report).

AU:

• Monday: Home Loans (Previous -0.6%, Expected 3.0%), Investment Lending (Previous 7.6%, Expected N/A).
• Wednesday: Westpac Consumer Confidence Index (Previous 121.4, Expected N/A).
• Thursday: Employment Change (Previous 40.6K, Expected -10.0K), Unemployment Rate (Previous 5.7%, Expected 5.8%).

CA:

• Thursday: New Housing Price Index MoM (Previous 0.1%, Expected 0.2%).
• Friday: International Merchandise Trade (Previous -2.0B, Expected N/A). New Motor Vehicle Sales (Previous -0.3%, Expected 0.0%).

For more Fundamental News, visit the Forexpros Economic Calendar ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Forexpros.com Daily Analysis - 09/11/2009 [Post #29701]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29701#post29701 Mon, 09 Nov 2009 10:20:21 GMT Forexpros Daily Analysis Nov 9, 2009

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--------------------

In The News:

Traders await tomorrows release of the Economic Sentiment report by The German Zentrum für Europäische Wirtschaftsforschung (ZEW).
The report determines the sentiment of German institutional investors over the past month.

The ZEW report, which is concluded from survey of about 350 German institutional investors and analysts, is considered a leading indicator of business conditions.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

Analysts expect tomorrow's report to indicate a slight drop to 55.00 from lasts month's measure of 56.00

--------------------

Euro/Dollar

Finally, the Euro broke short-term Fibonacci 61.8% resistance level at 1.4897 and reached the previous known resistance 1.4942 which is October 22nd low. Breaking it would send the Euro above 1.50, since we see the first important resistance above it is at 1.5014. Then there is nothing separating the Euro from this year's high 1.5061, and may be reach the important resistance 1.5082. The most important support for the next few hours will be the rising trendline from November 3rd bottoms, which is 1.4880. In case it is broken, the Euro will face a correction on the short-term horizon that will target Fibonacci 38.2% for the short-term at 1.4821, at least, and could reach 61.8% at 1.4746. In this case, the latter will be the most important support for the short-term because staying above means this drop is only a correction, while breaking it means it is more than a correction.

Support:
• 1.4880: The bottom of the rising channel from Nov 3rd lows.
• 1.4821: Fibonacci 38.2% for the last rising move.
• 1.4746: Fibonacci 61.8% for the last rising move.

Resistance:
• 1.4942: Oct 22nd low.
• 1.5014: previous resistance.
• 1.5082: previous resistance.

----------------

GBP/USD

The Pound broke the resistance 1.6636, and reached the first target 1.6690 successfully, and came close to the second 1.6739 this morning (the high until the moment is 1.6739). This resistance, that represents September 11th high, will be the most important for today. If price fail to break it, it will be heading towards a test of the short-term support at 1.6661, and if this support is broken, we believe the price will be in a correction for the whole rise from 1.6259. Such a correction will target Fibonacci 38.2% at 1.6552 (at least), and could reach Fibonacci 50% at 1.6496. on the other hand, if the price manage to break 1.6739, this rise will continue, and reach areas above 1.68, where there is the important resistance 1.6830 that we believe to be the minimum target for breaking 1.6739. And may be later, we will see a test of the important resistance from August 1.6910. All eyes on 1.6739.

Support:
• 1.6661: short-term resistance.
• 1.6552: Fibonacci 38.2% for the short-term.
• 1.6496: Fibonacci 50% for the short-term.

Resistance:
• 1.6739: Sep 11th high.
• 1.6830: Aug 7th high.
• 1.6910: a previous resistance from August.

----------------

USD/JPY

Dollar-Yen broke the support 90.41 and reached our first target suggested for this break at 89.61 with an amazing accuracy (Friday's low was 89.60). And with the two-time stop at the descending trendline on Friday, and at Fibonacci 50% resistance during the Asian session, the borders of the downtrend is getting clearer and clearer. The falling trendline is now at 90.55, and short-term Fibonacci 61.8% resistance is at 90.37, making this area the most important for the short-term. Staying below it means that bears are in control. More confidence for the downtrend will be gained once we break 90.05, which will target 89.40 then the important bottom 88.82. If a surprise happens, and we break 90.37, we will target 90.90 first, then 91.30.

Support:
• 90.05: short-term support.
• 89.40: previous support.
• 88.82: Oct 14th low, and an important low for determining the medium-term trend.

Resistance:
• 90.37: Fibonacci 61.8% for the short-term.
• 90.90: a well known previous support/resistance.
• 91.30: Nov 4th high.

Forex Trading Analysis by Forexpros.com

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Technical Analysis Nov 09 09 [Post #29699]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29699#post29699 Mon, 09 Nov 2009 07:48:44 GMT *EURUSD Outlook* The EURUSD made indecisive movement on Friday. On daily chart below we can see that after made a false breakdown on November 03,... EURUSD Outlook

The EURUSD made indecisive movement on Friday. On daily chart below we can see that after made a false breakdown on November 03, price now retreat to the upside, traded above the trendline indicating potential further bullish scenario with 1.4950 – 1.5060 as nearest target before 1.5300. Immediate support at 1.4850 – 1.4800 area. Break below that area should diminish my bullish outlook but as long as the pair stay above the trendline, I prefer a bullish scenario.

On fundamental side, after worse than expected NFP and unemployment rate on Friday, the risk aversion had not enough power to reduce optimism about economy recovery and Dollar failed to gain significant momentum. For me this fact means nothing but investors strong belief that recovery is in the right track and might ready to buy more riskier assets and high yield currencies which should continue put pressure on the Greenback.
GBPUSD Outlook

The GBPUSD also indecisive on Friday. However, as you can see in my h4 chart below, price still convincingly traded above my triangle indicating bullish scenario intact with nearest technical target around 1.6740 area. Immediate support at 1.6595 – 1.6560 area. Break below that area should trigger further bearish momentum and should be seen as potential threat to my bullish outlook.

USDJPY Outlook

The USDJPY had a significant bearish momentum on Friday. On h4 chart below we can see that my new trendline support (red) has been violated to the downside indicating potential bearish view with 88.80 as potential technical target. However, CCI in oversold area and heading up on h4 chart so watch out for potential upside pullback towards the trendline area (now resistance). I will be watching any reactions around this trendline today before make any decisions. Break above the trendline should be seen as bearish scenario failure and might lead us to further bullish attempt re-testing 92.50 area. Immediate resistance at 90.20/50 area.

USDCHF Outlook

The USDCHF also made indecisive movement on Friday. On h4 chart below we can see that price still struggling around my lower line of range area around 1.0166. This fact indicating consolidation, but I still prefer bearish scenario. However we need a consistent move below 1.0166 and below my new trendline support area (red) to confirm the bearish scenario today with potential downside target remains around 1.0000/40 area.
EURJPY Outlook

The EURJPY had a bearish momentum yesterday, break below my trendline, as you can see in my daily chart below. However, like I said, last week movement was driven by many important big news and data in the market such as ECB and The Fed economy outlook and US employment data on Friday, so I think the fact that price now traded below the trendline could be another misleading bearish signal, as we can clearly see, happened several times last week. The bearish momentum was caused by risk aversion sentiment on bad US employment numbers. The fact that risk aversion had a very limited impact on EURUSD might reduce bearish momentum on EURJPY. I think I will keep stay out from the market now and wait for further development. If we have significant upside pullback and bring the pair above the trendline, I am in bullish mode.
GBPJPY Outlook

The GBPJPY had a bearish momentum on Friday, bottomed at 148.39 but closed higher at 149.26 and keep moving higher earlier today in Asian session around 149.85 at the time I wrote this comment, as you can see in my daily chart below, struggling around the trendline resistance again. The trendline resistance (red), compared to the trendline support (blue) has been tested more often as price touched and slipped above it several times indicating the pressure is more to the upside and I still prefer a bullish scenario at least re-testing 151.29 area. Immediate support at 149.00. Break below that area should trigger further bearish momentum but lead us into no trading zone as direction would become unclear for me.
AUDUSD Outlook

As I had expected, the AUDUSD continued it’s bullish scenario on Friday, topped at 0.9197 and closed at 0.9187 and keep moving higher around 0.9258 earlier today in Asian market at the time I wrote this comment. The bias is bullish targeting at least 0.9327 – 0.9400 before aim for 0.9500 area. Immediate support at 0.9180. Break below that area should lead us into no trading zone as nearest direction would become unclear for me but I still prefer a bullish scenario.
FX Instructor LLC
 www.fxinstructor.com ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Forecast for Crosses: November 09 [Post #29698]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29698#post29698 Mon, 09 Nov 2009 07:48:10 GMT *EURJPY Forecast* The EURJPY had a bearish momentum yesterday, break below my trendline, as you can see in my daily chart below. However, like I... EURJPY Forecast
The EURJPY had a bearish momentum yesterday, break below my trendline, as you can see in my daily chart below. However, like I said, last week movement was driven by many important big news and data in the market such as ECB and The Fed economy outlook and US employment data on Friday, so I think the fact that price now traded below the trendline could be another misleading bearish signal, as we can clearly see, happened several times last week. The bearish momentum was caused by risk aversion sentiment on bad US employment numbers. The fact that risk aversion had a very limited impact on EURUSD might reduce bearish momentum on EURJPY. I think I will keep stay out from the market now and wait for further development. If we have significant upside pullback and bring the pair above the trendline, I am in bullish mode.
GBPJPY Forecast
The GBPJPY had a bearish momentum on Friday, bottomed at 148.39 but closed higher at 149.26 and keep moving higher earlier today in Asian session around 149.85 at the time I wrote this comment, as you can see in my daily chart below, struggling around the trendline resistance again. The trendline resistance (red), compared to the trendline support (blue) has been tested more often as price touched and slipped above it several times indicating the pressure is more to the upside and I still prefer a bullish scenario at least re-testing 151.29 area. Immediate support at 149.00. Break below that area should trigger further bearish momentum but lead us into no trading zone as direction would become unclear for me.
AUDUSD Forecast
As I had expected, the AUDUSD continued it’s bullish scenario on Friday, topped at 0.9197 and closed at 0.9187 and keep moving higher around 0.9258 earlier today in Asian market at the time I wrote this comment. The bias is bullish targeting at least 0.9327 – 0.9400 before aim for 0.9500 area. Immediate support at 0.9180. Break below that area should lead us into no trading zone as nearest direction would become unclear for me but I still prefer a bullish scenario.
FX Instructor
While FX Instructor, LLC is an American company, our professional instructors and traders are located all over the world. UK, Romania, India, Canada, Indonesia, Egypt, Philippines, United States, and others, are countries which we call home. This gives us a distinct advantage in covering the market where it happens, when it happens. At this time, our Live Trading Room covers the Asian, London and New York trading sessions – more than 14 hours all together. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Free daily signals 09 Nov 2009 [Post #29697]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29697#post29697 Mon, 09 Nov 2009 07:45:14 GMT Monday, 09 November 2009 05:57 GBP/USD Buy @ 1.6728 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 50 pips EUR/USD Buy @... Monday, 09 November 2009 05:57
GBP/USD
Buy @ 1.6728 ( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 50 pips
EUR/USD
Buy @ 1.4937 ( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 50 pips ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Free daily signals 06 Nov 2009 [Post #29594]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29594#post29594 Fri, 06 Nov 2009 07:17:03 GMT Friday, 06 November 2009 05:53 GBP/USD Buy @ 1.6623 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 50 pips EUR/USD Friday, 06 November 2009 05:53

GBP/USD

Buy @ 1.6623 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 50 pips

EUR/USD

Buy @ 1.4884 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 50 pips ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Foreign Exchange Market Commentary [Post #29593]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29593#post29593 Fri, 06 Nov 2009 07:16:18 GMT *EUR/USD *closed higher on Thurssday due to short covering. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics... EUR/USD closed higher on Thurssday due to short covering. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral signalling that sideways to higher prices are possible near-term. If it extends last week’s decline, this month’s low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a low has been posted.
USD/JPY closed lower on Thursday as it continued the breakout below last week’s high range. The mid-range close sets the stage for a steady to weaker opening on Friday. Stochastics and the RSI remain bullish hinting that sideways to higher prices are possible near-term. If it extends September’s rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
GBP/USD closed higher on Thursday due to short covering. The high-range close sets the stage for a steady to higher opening on Frisday. Stochastics and the RSI remain neutral signalling that sideways to higher prices are possible near-term. If it extends last week’s decline, this month’s low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a low has been posted.
USD/CHF closed lower on Thursday as it continued the breakout below last week’s high range. The mid-range close sets the stage for a steady to weaker opening on Friday. Stochastics and the RSI remain bullish hinting that sideways to higher prices are possible near-term. If it extends September’s rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Technical Analysis – EURUSD Outlook [Post #29592]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29592#post29592 Fri, 06 Nov 2009 07:15:45 GMT *EURUSD Outlook* The EURUSD peaked at 1.4917 after an optimistic statement about Euro economy outlook from the ECB, but closed lower at 1.4871,... EURUSD Outlook

The EURUSD peaked at 1.4917 after an optimistic statement about Euro economy outlook from the ECB, but closed lower at 1.4871, formed a Doji on daily chart indicating indecisive movement. While my technical outlook remains bullish with 1.5060 and 1.5300 as potential target, I think the market is waiting for NFP and unemployment rate today, which expected to be at -175 K and 9,9%. While most economic data both in US and Euro generally show positive signals, many analysts see high rate of unemployment as a potential obstacle to the recovery progress. I have three possible scenarios regarding NFP number
  • No surprise: If the actual number is the same or only have small difference with expected number, the EURUSD should continue the bullish.
  • Big downside surprise: If the actual number much lower than expected, the Dollar might benefit as risk aversion might increase.
  • Big upside surprise: If the actual number much higher than expected, the Dollar might suffer as risk appetite might increase.
On technical side, as you can see in my h4 chart below, after the false breakdown, price reverse higher and made a breakout and now retrace lower, struggling around the upper line of my range area. The way I see it, it’s just a normal downside pullback before continue further bullish momentum. Immediate support remains around 1.4800 area. Break below that area should lead to no trading zone as direction would become unclear for me. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure but any bearish movement should be seen as correction at this phase.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Technical Analysis GBPUSD Outlook [Post #29591]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29591#post29591 Fri, 06 Nov 2009 07:15:13 GMT The GBPUSD also indecisive yesterday. The BoE decided to increase the quantitative easing program by £25bn to £200bn. Although the QE program was... The GBPUSD also indecisive yesterday. The BoE decided to increase the quantitative easing program by £25bn to £200bn. Although the QE program was expanded, the Sterling edges higher as market expected a £50bn expansion.
On h4 chart below, we can see that the price still able to stay above my triangle indicating potential bullish continuation targeting at least 1.6700 area before re-testing 1.7042. Immediate support at 1.6520 followed by 1.6464 (yesterday’s low) and the upper line of the triangle. A movement back inside the triangle should be seen as potential threat to my technical bullish outlook. CCI just cross the 100 line on h4 chart so watch out for potential downside pressure. Eyes on US NFP and unemployment rate today.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forex Daily Outlook – November 6th, 2009 [Post #29590]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29590#post29590 Fri, 06 Nov 2009 07:14:32 GMT *AUDUSD Outlook* The AUDUSD attempted to push lower yesterday, bottomed at 0.9023 but whipsawed to the upside and closed higher at 0.9096,... AUDUSD Outlook


The AUDUSD attempted to push lower yesterday, bottomed at 0.9023 but whipsawed to the upside and closed higher at 0.9096, formed a Doji on daily chart indicating indecisive market. On h4 chart below we can see that the pair still able to stay above the trendline indicating bullish scenario still intact with technical target at least around 0.9180 before re-testing 0.9327. Immediate support at 0.9090 and the trendline support area. Break below that area should lead us inot no trading zone as direction would become unclear for me, but I still prefer a bullish scenario.


GBPJPY Outlook


The GBPJPY attempted to push lower yesterday, bottomed at 148.52 but whipsawed to the upside and closed much higher at 150.42, formed a Doji on daily chart indicating indecisive market. In nearest term, I think the bias is more to the upside, but as you can see in my daily chart below, price still struggling around my trendline resistance (red, circled). We need a consistent move above the trendline resistance to confirm bullish scenario towards 153.20 area. Immediate support at 150.00 – 149.80 area. Break below that area should trigger further bearish momentum re-testing 148.52 (yesterday’s low) and potentially threat the bullish outlook.


EURJPY Outlook


The EURJPY attempted to push lower, slipped below my trendline support, bottomed at 133.35 but whipsawed to the upside and closed higher at 134.95. Another technical mess Although this fact indicating potential upside scenario with 136.08 as potential target, I still prefer to stand aside for now until all these noises from important economic data is over. I hope we already have clearer direction next week. Immediate support at 134.45 and the trendline support area.


USDCHF Outlook


Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. On my h4 chart below we can see that the pair still struggling around the lower line of the range area at 1.0166. I think we are in no trading zone now. Technically I still prefer a bearish scenario after false breakout on Tuesday with 1.0000/40 as potential target but we need a convincing movement below 1.0166 to confirm the bearish scenario. Immediate resistance at 1.0192 (yesterday’s high) followed by 1.0270. Eyes on US NFP and unemployment rate today


USDJPY Outlook


The USDJPY attempted to push lower yesterday, bottomed at 89.98 but whipsawed to the upside and closed higher at 90.74. This fact indicating that potential upside pressure is still alive and kicking with the lower line of the bullish channel remains potential resistance area to be tested. On the downside, I have a new trendline support (red) as an important support at this phase. I still think that now is not the best time to trade, but if my trendline support violated to the downside, my bearish mode will be confirmed. Immediate support at 90.50 followed by 89.89 (yesterday’s low).


]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[EUR/USD – NFP Day (Nov. 6) [Post #29589]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29589#post29589 Fri, 06 Nov 2009 07:11:40 GMT On Thursday the pair did break below support at 1.4820 but was rejected by 1.4800. This resulted in a push above the 1.4860-1.4870 level which... On Thursday the pair did break below support at 1.4820 but was rejected by 1.4800. This resulted in a push above the 1.4860-1.4870 level which triggered the test of the recent highs at 1.4900. It failed to push above 1.4920 which is the next breakout level.
The pair currently sits at 1.4867. Minor resistance has developed at 1.4880. A break of that may be good for a scalp, but until the pair moves back above 1.4900 there is no strong directional bias. A push above 1.4900 indicates a test of 1.4920. If that level that can be penetrated, 1.4950 and 1.4980 are the targets/resistance beyond.
A drop below 1.4839 indicates a move to 1.4820-1.4810. If the pair continues to sell, support comes in at 1.4770 and beyond that 1.4740-1.4730.
Keep in mind the NonFarm Payrolls come out of the US Friday at 13:30 GMT. This is one of the biggest market moving events, thus the markets get very erratic around the announcement. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[USDCAD consolidates in a narrow range above 1.0594 [Post #29588]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29588#post29588 Fri, 06 Nov 2009 07:11:10 GMT After a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target... After a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target could be at 1.0400 area. Resistance level is now at 1.0735, and key resistance is located at 1.0852, only rise above this level will indicate that the uptrend from 1.0206 has resumed, then another rise towards 1.1000 could be seen to follow.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[FX Technical Commentary [Post #29587]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29587#post29587 Fri, 06 Nov 2009 07:10:33 GMT FX Technical Commentary *Euro 1.4875* Initial support at 1.4702 (Nov 4 low) followed by 1.4626 (Nov 3 low). Initial resistance is now located... FX Technical Commentary
Euro 1.4875

Initial support at 1.4702 (Nov 4 low) followed by 1.4626 (Nov 3 low). Initial resistance is now located at 1.4917 (Nov 5 high) followed by 1.4927 (Oct 27 high)
Yen 90.85

Initial support is located at 89.99 (Nov 5 low) followed by 89.20 (Nov 2 low). Initial resistance is now at 91.32 (Nov 4 high) followed by 91.62 (Oct 29 high).
Pound 1.6575

Initial support at 1.6402 (Nov 4 low) followed by 1.6241 (Oct 19 low). Initial resistance is now at 1.6693 (Oct 23 high) followed by 1.6742 (Sept 11 high).
Australian Dollar 0.9110

Initial support at 0.8971 (Nov 4 low) followed by the 0.8907 (Nov 2 low). Initial resistance is now at 0.9144 (Nov 4 high) followed by 0.9218 (Oct 27 high).
Gold 1091

Initial support at 1080 (Nov 4 low) followed by 1055 (Nov 3 high). Initial resistance is now at 1097 (Nov 4 high ) followed by 1100 (Psychological level).
Oil 79.80

Initial support at 78.5 (Intraday Support) followed by 78.0 (Intraday support). Initial resistance is now at 81 (Nov 5 high) followed by 82 (October High). ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forexpros.com Daily Analysis - 05/11/2009 [Post #29494]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29494#post29494 Thu, 05 Nov 2009 09:59:22 GMT Forexpros Daily Analysis Nov 5, 2009


Free webinar - Mapping out the Banking System & Foreign Exchange Dealing Process, Part I

Expert: Dan Cook
When: Tue, Nov 10, 2009, 11:00 EST

As the first Webinar of a two part series, Dan Cook, Senior Market Analyst at IG Markets will shed light on the inner workings of the international banking system and its impact on currency trading.
The webinar will provide a breakdown of the Central Banks and the Interbank System, highlighting the roles of each of the major players and how their policy decisions impact currency markets. Additionally, Cook will review major market indicators and identify which data releases most critically impact currency markets, enabling traders to get a better sense of which economic announcements warrant the most attention.

Click here to join the webinar.

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Unemployment Rate in the US to Be Announced Tomorrow

The Unemployment Rate is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US.

A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD.

Analysts forecast a 9.90% unemployment rate, up from 9.80%.

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Euro Dollar

The Euro broke short-term resistance and reached both suggested targets 1.4846 and 1.4897 successfully. Yesterday's climb stopped 10 pips above Fibonacci level, then went back to settle below it. That is why this resistance will keep its importance. Breaking it would send the Euro above 1.50, or at least close to the dollar and a half mark. The Euro continued its shine since reaching the bottom of the hourly channel that we talked about yesterday, and is currently rising inside an upward rising channel on the intraday charts, with its top at 1.4972, a level we consider as a first target to a break of 1.4897, and after that we could see 1.5014. The bottom of the same channel is currently at 1.4839, and as long as price holds above it (at the moment its only pips above this level) the potential for more short-term upside works stays alive. On the other hand a break of the bottom of the channel indicates that the direction for the short-term has turned down, which will target 1.4769 first, and may be 1.4701 later. We remind you of the rate decision of the ECB that will be announced today, and the news conference for president Trichet that will follow, which usually moves the Euro violently.

Support:
• 1.4839: the bottom of the rising channel on the intraday charts.
• 1.4769: Fibonacci 50% for the last rising move.
• 1.4701: previous important support/resistance area.

Resistance:
• 1.4897: Fibonacci 61.8% for the drop 1.5061.
• 1.4972: the top of the rising channel on the intraday charts.
• 1.5014: previous resistance.

---

USD/JPY

Dollar-Yen broke Fibonacci resistance 90.68 and reached 91.28 as we accepted, with accuracy (yesterday's high 91.30), before retreating fast. This behavior redefined the rising channel on the hourly chart to make its bottom at 90.18. And when calculating Fibonacci 61.8% resistance for the short-term (for the drop from yesterday's high), we find that it is at the resistance level of 90.90. In case of a break of either of those levels, we believe price will move in the direction of the break. If the bottom of the channel at 90.18 is broken, the price will move down and target 89.61 first, and may be 89.07 as well. While if we break Fibonacci resistance at 90.90 we expect a rise to surpass yesterday's high, targeting the important 91.63 first, and only if it is broken we can expect 92 to appear on the price screens when the price targets the obvious resistance on the hurly chart 92.17.

Support:
• 90.18: the bottom of the rising channel on the hourly chart.
• 89.61: previous support & Oct 12th low.
• 89.07: previous intraday support.

Resistance:
• 90.90: Fibonacci 61.8% for the short-term.
• 91.63: a well known support area that contained a number of daily tops and bottoms, the last of which was Oct 29th high.
• 92.17: obvious resistance on the hourly chart.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Forecast on USD Majors (EURUSD, GBPUSD, USDJPY) [Post #29489]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29489#post29489 Thu, 05 Nov 2009 09:27:45 GMT *_EURUSD_* *EURUSD* (http://forexnewshelp.com/2009/11/forecast-on-usd-minors-usdchf-audusd-usdcad-2.html) closed @ 14865 which was ABOVE the open... EURUSD
EURUSD closed @ 14865 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 5 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Down while 14925 holds and Daily Trend is Sideways while 15065 holds, so expect the price to make Higher Highs but the Upside may be limited. The Price closed just shy of the Res U Turn Zone 5 but the bulls gave up mildly towards the close .The Hourly trend is creeping lower and we have reasons to believe the top may have been seen, 14900-25 are the critical levels to watch to maintain the bearish outlook . On the 5 min is Choppy , along the gradual Down Channel and the price patterns are suggesting lower provided 14865-14905 is not breached . ECB rate announcement today.
BULLS: 14810 14765 14735 BEARS: 14860 14905 14955
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 14860 with a tight stop with a 50 pips price target.
GBPUSD
GBPUSD closed @ 16560 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Converging towards the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 16605 holds and Daily Trend is Sideways while 16695 holds, so expect the price to be Choppy with a Downside bias. The Price closed above the Res Zone 1 but the bulls gave mildly towards the close. The Hourly is creeping lower and we have reasons to believe the top may have been seen , 16575-16605 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy and the price patterns are suggesting lower provided 16575-16605 is not breached . BOE rate announcement today.
BULLS: 16475 16405 16340 BEARS: 16575 16605 16640
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 16575 with a tight stop with a 50 pips price target.
USDJPY
USDJPY closed @ 9075 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9130 holds and Daily Trend is also Sideways Down while 9250 holds, so expect the price to make Lower Lows. The Price closed above the Res Zone 1 ,the bulls gave up mildly towards the close . The Hourly is creeping lower and the top may have been seen , the price should not trade above 9080-9130 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the price patterns are suggesting lower while 9080-9130 is not breached.
BULLS: 9005 8965 8920 BEARS: 9080 9145
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 9065 with a tight stop with a 50 pips price target. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forecast on USD Minors (USDCHF, AUDUSD, USDCAD) [Post #29488]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29488#post29488 Thu, 05 Nov 2009 09:26:51 GMT *_USDCHF_* (http://forexnewshelp.com/2009/11/forecast-on-usd-minors-usdchf-audusd-usdcad-2.html) USDCHF closed @ 10165 which was BELOW the open and... USDCHF
USDCHF closed @ 10165 which was BELOW the open and breached the previous day’s low. The High was 5 pips from Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Up while 10095 holds and Daily Trend is Sideways while 10030 holds, so expect the price to make Lower Lows but the Downside may be limited. The Price has closed below the Sup Zone 1 but bears gave up mildly towards the close. The Hourly trend is in a Range trading but we believe the low may have been seen,10095-30 are the critical levels to watch to maintain the bullish outlook. On the 5 min is Choppy but along the Horizontal Channel and the price patterns are suggesting the low may have been seen.
BULLS: 10120 10095 BEARS: 10235 10310
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG @ the Break 10215 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9105 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9150 holds and Daily Trend is Sideways while 9335 holds, so expect the price to make Lower Lows. The Price has closed above the Res Zone 1 , the bulls gave up mildly towards the close. The Hourly is creeping lower but we believe the high may have been seen , the price should not trade above 9120-50 to maintain the bearish outlook. On the 5 min is along the gradual Down Channel and the patterns are suggesting lower while the 9120-9150 is not breached.
BULLS: 8970 8865 BEARS: 9090 9140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 9100 with a tight stop with a 50 pips price target.
USDCAD
USDCAD closed @ 10630 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10570 holds and Daily Trend is Sideways while 10405 holds, so expect the price to be Choppy with a Upside bias. The Price has closed exactly at the Sup Zone 1 and bears gave up mildly towards the close . The Hourly is in a Range trading but we believe the low may have been seen , the price should not trade below 10595-70 levels to maintain the bullish outlook. On the 5 min is choppy but along the Horizontal Channel and the price patterns suggesting higher on the break of 10690 provided the low 10615-10595 is not breached .
BULLS: 10615 10595 10520 BEARS: 10690 10740 10875
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 10615 with a tight stop with a 50 pips price target. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY) [Post #29487]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29487#post29487 Thu, 05 Nov 2009 09:25:43 GMT *_EURJPY_* (http://forexnewshelp.com/2009/11/forecast-on-jpy-crosses-eurjpy-gbpjpy-audjpy-2.html) EURJPY closed @ 13490 which was ABOVE the open and... EURJPY
EURJPY closed @ 13490 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13575 holds and Daily Trend is also Sideways Down while 13785 holds, so expect the price to be Choppy with a Downside bias. The Price has closed above the Res U turn Zone 5 but the bulls gave up mildly towards the close . EUR is Flat with a Weak bias and JPY is Strong , so both cross should drag EURJPY lower . The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 13525-75 to maintain the bearish outlook . On the 5 min is choppy but along the gradual Down Channel and patterns are suggesting lower while 13525 is not breached. ECB rate announcement today.
BULLS: 13340 13270 13170 BEARS: 13455 13495
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 13455 13525 with a tight stop with a 50 pips price target.
GBPJPY
GBPJPY closed @ 15030 which was ABOVE the open and breached the previous day’s high. The High was 30 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15090 holds and Daily Trend is also Sideways Down while 15330 holds, so expect the price to be Choppy with a Downside bias. The Price has closed just above the Res U Turn Zone 5 and the bulls gave up mildly towards the close. GBP is Weak and JPY is Strong , so both the cross should drag GBPJPY lower .The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 14995-15090 to maintain the bearish outlook . On the 5 min is along the steep Down Channel and patterns are suggesting lower while 14995-15055 is not breached. BOE rate announcement today.
BULLS: 14885 14815 14760 BEARS: 15000 15065 15140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 15000 15050 with a tight stop with a 50 pips price target.
AUDJPY
AUDJPY closed @ 8260 which was ABOVE the open and breached the previous day’s high. The High was 10 pips from Precise Trader’s Res Tgt 3 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 8320 holds and Daily Trend is also Sideways Down while 8530 holds, so expect the price to be Choppy with a Downside bias. The Price has closed exactly at the Res U Turn Zone 5 with the bulls gave up mildly towards the close . AUD is Weak and JPY is Strong , so both the cross should drag AUDJPY lower. The Hourly is creeping lower and we believe the high may have been seen, the price should not trade above 8285-83255 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the patterns are suggesting lower while 8235-85 is not breached.
BULLS: 8130 8085 8025 BEARS: 8235 8305
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 8235 8285 with a tight stop with a 50 pips price target. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forex and Dow Jones recommended levels [Post #29486]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29486#post29486 Thu, 05 Nov 2009 09:25:11 GMT *EUR/USD* *Today’s support: – 1.4760, 1.4726, 1.4692 and 1.4672(main)*, where correction is possible. Break would give 1.4648, where correction... EUR/USD
Today’s support: – 1.4760, 1.4726, 1.4692 and 1.4672(main), where correction is possible. Break would give 1.4648, where correction also may be. Then follows 1.4623. Break of the latter would result in 1.4598. If a strong impulse, we would see 1.4580. Continuation will give 1.4548.
Today’s resistance: - 1.4874 and 1.4918(main). Break would give 1.4933, where a correction is possible. Then goes 1.4950. Break of the latter would result in 1.4974. If a strong impulse, we’d see 1.5003. Continuation will give 1.5028.
USD/JPY
Today’s support: – 89.95(main). Break would bring 89.78, where correction is possible. Then 89.57, where a correction may also happen. Break of the latter will give 89.26. If a strong impulse, we would see 89.12. Continuation would give 88.78 and 88.52.
Today’s resistance: – 90.79, 90.97 and 91.42(main), where a correction may happen. Break would bring 91.80, where also a correction may be. Then 92.07. If a strong impulse, we would see 92.28. Continuation will give 92.44.
DOW JONES INDEX
Today’s support: – 9807.14(main), where a delay and correction may happen. Break of the latter will give 9780.36, where correction also can be. Then follows 9759.31. Be there a strong impulse, we would see 9736.77. Continuation will bring 9714.38.
Today’s resistance: – 9940.42(main), where a delay and correction may happen. Break would bring 9965.56, where a correction may happen. Then follows 9976.40, where a delay and correction could also be. Be there a strong impulse, we’d see 9990.18. Continuation would bring 10007.88. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[High Quality Free Trading Videos [Post #29425]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29425#post29425 Wed, 04 Nov 2009 17:52:05 GMT Knowledge is power. With more knowledge, is easier to become a better trader. I just discovered a website where you can watch high quality videos... Knowledge is power. With more knowledge, is easier to become a better trader.
I just discovered a website where you can watch high quality videos for free… Just check it out now…


From Market Wizards insights to how to apply technical analysis, you have it all… Just click here to watch the videos now… ]]> FOREX and Foreign Exchanges FreeForexEbook <![CDATA[Forexpros.com Daily Analysis - 04/11/2009 [Post #29375]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29375#post29375 Wed, 04 Nov 2009 10:56:05 GMT *_Forexpros Daily Analysis Nov 4, 2009_* *_FREE WEBINAR TODAY - Pivot Points: Essential for Forex Trading_* Expert: Chris Capre When: Wed,... Forexpros Daily Analysis Nov 4, 2009


FREE WEBINAR TODAY - Pivot Points: Essential for Forex Trading

Expert: Chris Capre
When: Wed, Nov 4, 2009, 17:00 EST

One of the most challenging subjects for traders is finding their entries and exits.
If you are a day trader, you will not want to miss this webinar as we will talk about pivot points, what are the best way to use them, why they are so crucial, and how to make sense of the market.
If you want more efficient entries, exits and to get access to proprietary pivot point data, then you will want to tune into this webinar.

Click here to join this webinar.

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Initial Jobless Claims to Be Published in the US Tomorrow

The Initial Jobless Claims is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.

The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
On a week-to-week basis, claims are quite volatile.

Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

Analysts forecast 520.00K, down from 530.00K.

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Euro Dollar

The Euro broke short-term support 1.4744 and successfully reached the first suggested target 1.4649. But the point where yesterday's drop stopped, uncovered a very harmonized channel, and price has touched its lines a whole 7 times. Yesterday's low was exactly at the bottom of that channel, as the attached chart shows (hourly chart). We will monitor this channel to try and specify the direction, and we strongly believe that if this channel is broken to the downside, the medium-term price direction will be in a downtrend. The bottom of the channel is currently at 1.4649 which makes this level the most important support for the short-term. On the other hand, resistance congregate its power in one important area, where we find the falling trendline from 1.5061, the moving average SMA100, and Fibonacci 61.8% for the short-term at 1.4762 (calculated for the 5 waves dropping from 1.4843 to the orthodox bottom 1.4631 and not the price bottom 1.4625), which clearly makes this area the most important of all resistance levels. A break of the 1.4649 support will put the Euro under pressure and that would push it lower to 1.4559, then the important bottom 1.4480, and later to 1.4404. While a break of the resistance 1.4762 ill give the Euro a chance to catch a break and to correct upwards towards 1.4846 and may be 1.4897.

Support:
• 1.4649: the bottom of the coordinated channel on the hourly chart, and the most important support for medium-term.
• 1.4559: Fibonacci 38.2% for medium-term.
• 1.4480: Oct 2nd low.

Resistance:
• 1.4762: important resistance area combining Fibonacci 61.8% for the short-term, the moving average SMA100, and the falling trendline from 1.5061..
• 1.4846: Fibonacci 50% for the drop 1.5061.
• 1.4897: Fibonacci 61.8% for the drop 1.5061.

---

USD/JPY

After stopping on Monday, at Fibonacci resistance 90.68 down to the pip, Dollar-Yen stopped yesterday at the moving average SMA100, with the same kind of accuracy. And as you know, stopping near Fibonacci resistance levels (and moving averages as well) is an evidence that the trend in down. That’s why we find ourselves favoring a continuation of the short-term downtrend as long as we are below 90.68. And we will await a break of short-term Fibonacci support 90.21. If we break this support the downtrend will resume, and will target 89.61 first, then 89.07 and may be the important 88.64. The price behavior for the past two days, and the amazingly accurate reversal at the Fibonacci resistance (90.68), makes it the most important resistance, and to add to that, the upper limit of the short-term downtrend (the trendline drawn on the chart), is currently at the same level. And only if it is broken, we will change our negative outlook for this pair. If this surprise happens, we will expect price to reach 91.28 then the important resistance 91.63.

Support:
• 90.21: Fibonacci 61.8% for short-term.
• 89.61: previous support & Oct 12th low.
• 89.07: previous intraday support.

Resistance:
• 90.68: Fibonacci 61.8% for the short-term, and the falling line of the downtrend, important resistance.
• 91.28: previous intraday important top.
• 91.63: a well known support area that contained a number of daily tops and bottoms, the last of which was Oct 29th high.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Simple Steps To Catch Big Forex Profits [Post #29300]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29300#post29300 Tue, 03 Nov 2009 14:20:19 GMT Are you happy with the Forex system you’re using? Is it making high and consistent profits? If it is, just follow the rules and keep it. If it isn’t,... Are you happy with the Forex system you’re using? Is it making high and consistent profits? If it is, just follow the rules and keep it. If it isn’t, then you have a problem…


When we begin in Forex trading, we want to make money. But this is not easy… No matter what others say, Forex is not a money-making machine… You need to have certain knowledge and be able to dedicate some time.


But what kind of system should you use? Should you be day trading or swing trading? Get your answer now… ]]> FOREX and Foreign Exchanges FreeForexEbook <![CDATA[Best Time Frames To Use In Forex [Post #29299]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29299#post29299 Tue, 03 Nov 2009 14:17:34 GMT Choosing the best time frames to use in Forex isn’t a simple task. Even advanced traders sometimes have this problem. Since the Forex market is... Choosing the best time frames to use in Forex isn’t a simple task. Even advanced traders sometimes have this problem.


Since the Forex market is open 24 hours a day, 6 days a week, it becomes even more difficult because we just can’t be always in front of our computers, watching the market.


Choosing the best time frames to trade also depends on the system you’re using. It varies depending on if you’re day trading, swing trading, or using a longer-term strategy.


Since most Forex traders always show more interest about day trading strategies, I just made an article about the best time frames to use. Just click here. ]]> FOREX and Foreign Exchanges ForexTopTen <![CDATA[Forexpros.com Daily Analysis - 03/11/2009 [Post #29290]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29290#post29290 Tue, 03 Nov 2009 10:44:32 GMT *_Forexpros Daily Analysis Nov 3, 2009_* *_Free webinar - Pivot Points: Essential for Forex Trading_* Expert: Chris Capre When: Wed, Nov 4,... Forexpros Daily Analysis Nov 3, 2009


Free webinar - Pivot Points: Essential for Forex Trading

Expert: Chris Capre
When: Wed, Nov 4, 2009, 17:00 EST

One of the most challenging subjects for traders is finding their entries and exits.
If you are a day trader, you will not want to miss this webinar as we will talk about pivot points, what are the best way to use them, why they are so crucial, and how to make sense of the market.
If you want more efficient entries, exits and to get access to proprietary pivot point data, then you will want to tune into this webinar.

Click here to join this webinar.

---

The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tomorrow (Nov 4).

The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
Analysts forecast no change, with the interest rate remaining at 0.25%.

---

Euro Dollar

In spite of the importance of the 1.4682 support that has stopped price twice exactly at the same price, we will not wait until it is broken to turn our outlook for the Euro to negative. We will set out most important support at Fibonacci 61.8% for the short-term 1.4744, because it is the last important support defending 1.4682, and if 1.4744 is broken, the odds of breaking 1.4682 on a third attempt will be big. The most important support for the short-term is 1.4809, provided by the falling trendline from 1.4926, and breaking it would give the Euro some strength that could be enough to test Fibonacci 50% at 1.4872. We will await a break of either of those levels before deciding on today's direction. If we break support at 1.4744, that will mean a continuation of falling on the short-term and targeting the important bottom 1.4649 and may be 1.4610 after that. But if we break the resistance 1.4809, today's direction would be up, and the suggested targets would be 1.4872 first, and may be 1.4916.

Support:
• 1.4744: Fibonacci 61.8% for the short-term.
• 1.4649: Oct 7th low.
• 1.4610: Sep 21st low.

Resistance:
• 1.4980: the falling trendline from 1.4926.
• 1.4872: Fibonacci 50% for the drop 1.5061.
• 1.4916: Fibonacci 61.8% for the drop 1.5061.

---

USD/JPY

Down to the pip, the Dollar-Yen stopped at Fibonacci resistance specified in yesterday's report 90.68 (yesterday's high is EXACTLY 90.68), and as you know, stopping near Fibonacci resistance levels is an evidence that the trend in down. That’s why we find ourselves favoring a continuation of the short-term downtrend as long as we are below 90.68. And we will await a break of short-term Fibonacci support 90.16, after the price literally "sat" on it for the past few hours. If we break this support the downtrend will continue, and will target 89.61 first, then 89.07 and may be the important 88.64. The price behavior for yesterday, and the amazingly accurate reversal at the Fibonacci resistance that we talked about (90.68),makes it the most important resistance, and only if it is broken, we will change our negative outlook for this pair. If this surprise happens, we will be heading to a test the upper limit of the short-term downtrend (the trendline drawn on the chart), which is currently at 90.95, and that would be an important test if it happens.

Support:
• 90.16: Fibonacci 61.8% for short-term.
• 89.61: previous support & Oct 12th low.
• 89.07: previous intraday support.

Resistance:
• 90.68: Fibonacci 61.8% for the short-term, important resistance.
• 90.95: the upper limit of the short-term downtrend and the trendline descending from last week tops.
• 91.60: Oct 29th high.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Avoid these b.s. posters and hype. [Post #29229]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29229#post29229 Mon, 02 Nov 2009 16:31:41 GMT Avoid these 2 previous trolls. They are just joining up and posting what appears to be inquires when they are just hoping to pick up some business... Avoid these 2 previous trolls. They are just joining up and posting what appears to be inquires when they are just hoping to pick up some business from struggling newbie traders.

Google of the system being pushed will , once you get past the fanboy post, tell you all you need to know about it.

SCAM....

for starters read the thread here, all of it please,

Is forex ambush 2.0 a scam? - BabyPips.com Forex Forum

or the first post here will do from Paul in N.Y.

http://www.forexpeacearmy.com/public...orexambush.com



(I am not affiliated in any way with the linked to above. Just a reader) ]]> FOREX and Foreign Exchanges BorisBadenoff <![CDATA[EUR/USD Daily Technical Reports [Post #29199]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29199#post29199 Mon, 02 Nov 2009 14:10:50 GMT *EUR/USD Daily Technical Reports (http://forexnewshelp.com/2009/11/eurusd-daily-technical-reports.html)* EUR/USD-market strategy can be a buy... EUR/USD Daily Technical Reports


EUR/USD-market strategy can be a buy from the level 1.4775$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[USD/JPY Daily Technical Reports [Post #29198]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29198#post29198 Mon, 02 Nov 2009 14:09:54 GMT *USD/JPY Daily Technical Reports (http://forexnewshelp.com/2009/11/usdjpy-daily-technical-reports.html)* USD/JPY-market strategy can be a sell... USD/JPY Daily Technical Reports


USD/JPY-market strategy can be a sell form the level 90.21
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[GBP/USD Daily Technical Reports [Post #29197]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29197#post29197 Mon, 02 Nov 2009 14:08:05 GMT *GBP/USD- (http://forexnewshelp.com/2009/11/gbpusd-daily-technical-reports.html)*market strategy can be a buy from the level 1.6403$ Technical... GBP/USD-market strategy can be a buy from the level 1.6403$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines are in a bullish direction. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line


]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[USD/CHF Daily Technical Reports [Post #29196]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29196#post29196 Mon, 02 Nov 2009 14:06:54 GMT USD/CHF-market strategy can be a sell from the level 1.0218 Technical oscillators supporting the bearish trend for the currency pair To... USD/CHF-market strategy can be a sell from the level 1.0218
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bearish direction above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.





Finotec Group Inc.
http://www.finotec.com/ ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[FX Technical Analysis by Mizuho Corporate Bank Mon, Nov 2 2009 [Post #29195]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29195#post29195 Mon, 02 Nov 2009 14:05:39 GMT *EURUSD (http://forexnewshelp.com/2009/11/fx-technical-analysis-by-mizuho-corporate-bank.html)* Image:... EURUSD


Comment: Hovering around Fibonacci support as we consolidate under this year’s high, wondering which exactly is this year’s currency of choice when leveraging or de-leveraging. Allow for more of the same today and slow work all week. At-the-money implied volatility might pick up this month.

Strategy: Possibly attempt small longs at 1.4750; stop below 1.4650. Short term target 1.4855, maybe 1.4900
Direction of Trade: →
Chart Levels:
Support Resistance 1.4750 “ 1.478 1.47 1.4825 1.4681* 1.4860* 1.465 1.49 1.4625 1.4928 GBPUSD


Comment: Sterling is trapped below important resistance around 1.6665 and support from the growing Ichimoku ‘cloud’ and Fibonacci retracement. This should dominate again this week so that Cable moves less than other currencies, the pound gaining against some of these though not keeping up with the Yen which should again be one of the stronger currencies this month.
Strategy: Attempt small longs at 1.6395; stop well below 1.6200. First target 1.6600/1.6665
Direction of Trade: →
Chart Levels:
Support Resistance 1.6346 “ 1.648 1.63 1.658 1.625 1.6635/1.6665* 1.62 1.6745* 1.6100* 1.68 USDJPY


Comment: The very large Ichimoku ‘cloud’ has pushed this pair down below the 26-day average at 90.17. The US dollar is still not oversold and momentum has yet to turn bearish so plenty of further downside pressure left over for this month. Good futures volume on declining open interest suggests any are bailing out. Expect repeated cautious downside testing of a series of key support levels between 89.00 and 87.00 this month, then lower to key 85.00.
Strategy: Attempt shorts at 90.00, adding to 90.50; stop above 91.65. Short term target 89.25, then 88.50.
Direction of Trade: →
Chart Levels:
Support Resistance 89.90 “ 90.25 89.65 90.5 89.35 91 89.18* 91.30* 88.85* 91.65* EURJPY


Comment: Plunging below the Ichimoku ‘cloud’ as all Yen crosses are hit hard. This week we shall see a series of downside tests of trendline support here and in all the others too. Note that momentum has yet to turn bearish and the Euro is currently not oversold against the Yen. Implied volatility has picked up and could trade a lot higher.
Strategy: Attempt shorts at 132.80 but only if prepared to add to 134.00; stop above 136.00. Short term target 132.00, then 131.00, eventually another big slide lower still.
Direction of Trade: →
Chart Levels:
Support Resistance 132.30 “ 133.23 131.9 134 131.00* 134.75 132.8 135.25 131.00* 136 Mizuho Corporate Bank ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forex Technical Analysis November 2, 2009 [Post #29194]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29194#post29194 Mon, 02 Nov 2009 14:04:28 GMT *EUR/USD* (http://forexnewshelp.com/2009/11/forex-technical-analysis-november-2-2009.html) Current level-1.4746 EUR/USD is in a broad... EUR/USD

Current level-1.4746
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
Friday’s minor downtrend reached the previous low at 1.4680, thus confirming, that a corrective pattern is underway, preceding a deeper drowning towards 1.4450. Intraday bias is neutral and there is a chance for one more test in the 1.4815 area, before breaking below 1.4680

Resistance Support
intraday intraweek intraday intraweek
1.4860 1.5063 1.4680 1.4444
1.4930 1.6040 — 1.4190
USD/JPY

Current level – 90.10
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84.
As expected, the pair broke through 90.83 and 90.20 support levels, reaching low at 89.17. Current bias is positive, testing 90.20 resistance area and later today a break above is to be expected, towards 90.86. On the larger frames current dynamics is a part of the consolidation pattern above 88.01. Intraday support comes at 89.80.
Resistance Support
intraday intraweek intraday intraweek
90.20 92.40 89.80 88.01
90.86 97.79 89.17 83.53
GBP/USD

Current level- 1.6429
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Current bias is negative, aiming at 1.6250, en route to 1.6130 support area. Crucial on the upside is 1.6513 and a break below 1.6344 is expected to trigger a massive sell-off towards 1.6130.
Resistance Support
intraday intraweek intraday intraweek
1.6513 1.6752 1.6344 1.6130
1.6752 1.7042 1.6250 1.5352
]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forexpros.com Daily Analysis - 02/11/2009 [Post #29193]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29193#post29193 Mon, 02 Nov 2009 14:01:49 GMT *_Forexpros Daily Analysis Nov 2, 2009_* *_Free webinar - Pivot Points: Essential for Forex Trading_* Expert: Chris Capre When: Wed, Nov 4,... Forexpros Daily Analysis Nov 2, 2009


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If you are a day trader, you will not want to miss this webinar as we will talk about pivot points, what are the best way to use them, why they are so crucial, and how to make sense of the market.

If you want more efficient entries, exits and to get access to proprietary pivot point data, then you will want to tune into this webinar.

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---

UK traders await the release of the Nationwide Consumer Confidence report tomorrow (Oct 3rd).

The report is calculated from a survey of about 1,000 consumers, and measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity.

A higher than expected reading should be taken as positive/bullish for the GBP since it points to consumer optimism, while a lower than expected reading should be taken as negative/bearish for the GBP.

Analysts forecast an increase on last’s month’s figure of 71.00 to 72.00.

---

Euro Dollar

The Euro broke the short-term resistance 1.4737, and reached the first target suggested for this break at 1.4827 successfully. The most important question for now is this: Is the current rise a corrective or impulsive move? We believe that the limit separating those two possibilities is 1.4916, which is Fibonacci 61.8% for the drop from 1.5061. And as long as the Euro stays below this resistance it is considered a corrective rise, while breaking it would announce more upside movement to come, probably to reach new highs above the last top 1.5061. The first resistance in front of us is 1.4872, and if it is broken we will head towards the important test of 1.4916, and if this one is broken we will target 1.4980 first, on the way to higher targets. Short-term support is provided by the rising trendline from Wednesday's low, currently at 1.4786, and if broken we will test 1.4702 again, and if this one is broken we will head towards 1.4649.

Support:
• 1.4786: the rising trendline from Wednesday's low on the intraday & hourly charts.
• 1.4702: Fibonacci 61.8% for the whole move from 1.4480.
• 1.4649: Oct 7th low.

Resistance:
• 1.4872: Fibonacci 50% for the drop 1.5061.
• 1.4916: Fibonacci 61.8% for the drop 1.5061.
• 1.4980: Oct 26th low.

---

USD/JPY

As we have expected in Friday's report, Dollar-Yen broke the support 90.75 and reached both suggested targets 90.16 & 89.61 successfully. This drop that started on Thursday and continued into the new week, was the result of stopping near Fibonacci 61.8% resistance at 9.52, and as you know, stopping near Fibonacci resistance levels is an evidence that the trend in down. But on the other hand, the abovementioned drop cashed in 250 pips approximately, which could create a correction from here. That is why we prefer to wait for a break of short-term support 89.61 or short-term resistance 90.23 before talking about the direction of the next move from here. If we break the support 89.61 the downtrend will continue, and will target 89.07 and the important 88.64. And if we break Thursday's low 90.23, we will be heading to a test of short-term Fibonacci 61.8% at 90.68, and only if it is broken, we will expect a retest of the broken channel at 91.28, which would be an important test if it happens.

Support:
• 89.61: previous support & Oct 12th low.
• 89.07: previous intraday support.
• 88.64: Oct 9th low.

Resistance:
• 90.23: Oct 29th low.
• 90.68: Fibonacci 61.8% for the short-term, important resistance.
• 91.28: the retest level of the broken channel.

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Fundamental Weekly Outlook [Post #29186]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29186#post29186 Mon, 02 Nov 2009 12:15:09 GMT *EU:* • Monday: France PMI Manufacturing (Previous 55.3, Expected 55.3), Germany PMI Manufacturing (Previous 51.1, Expected 51.1), Euro-zone PMI... EU:
• Monday: France PMI Manufacturing (Previous 55.3, Expected 55.3), Germany PMI Manufacturing (Previous 51.1, Expected 51.1), Euro-zone PMI Manufacturing (Previous 50.7, Expected 50.7).
• Wednesday: France PMI Services (Previous 57.8, Expected 57.8), Germany PMI Services (Previous 50.9, Expected 50.9), Euro-zone PMI Services (Previous 52.3, Expected 52.3). Euro-Zone PPI MoM (Previous 0.4%, Expected -0.4%) & YoY (Previous -7.5%, Expected -7.7%).
• Thursday: Euro-Zone Retail Sales MoM (Previous -0.2%, Expected 0.2%)
& YoY (Previous -2.6%, Expected -2.4%). ECB Rate Decision (Previous 1.00%, Expected 1.00%) & then Trichet Speaks at ECB Monthly News Conference.
• Friday: France Trade Balance (Previous -3.4 B, Expected -3.0 B). Germany Factory Orders MoM (Previous 1.4%, Expected 1.0%) & YoY (Previous -20.4%, Expected -13.6%).

US:
• Monday: ISM Manufacturing (Previous 52.6, Expected 53.0).
• Tuesday: Factory Orders (Previous -0.8%, Expected 1.0%).
• Wednesday: FED/FOMC Rate Decision (Previous 0.25%, Expected 0.25%).
(Previous 0.25%, Expected 0.25%).
• Thursday: Initial Jobless Claims (Previous 530K, Expected 520K).
• Friday: Unemployment Rate (Previous 9.8%, Expected 9.9%), Change in Nonfarm Payrolls (Previous -263K, Expected -175K). Wholesale Inventories (Previous -1.3%, Expected -1.0%).

JP:
• Monday: Labor Cash Earnings YoY (Previous -3.1%, Expected -2.1%)
• Thursday: BOJ Board Meeting Minutes (text report).
• Friday: Leading Index CI (Previous 83.2, Expected 86.2), Coincident Index CI (Previous 91.2, Expected 92.5).

UK:
• Monday: PMI Manufacturing (Previous 49.5, Expected 50.0).
• Wednesday: Nationwide Consumer Confidence (Previous 71.0, Expected 73.0), PMI Services (Previous 55.3, Expected 55.5).
•Thursday: Industrial Production MoM (Previous -2.5%, Expected 1.2%) & YoY (Previous -11.2%, Expected -10.3%). BoE Rate Decision (Previous 0.50%, Expected 0.50%).
• Friday: PPI Input MoM (Previous -0.5%, Expected 1.5%) & YoY (Previous -6.5%, Expected -1.3%). PPI Output MoM (Previous 0.5%, Expected 0.3%) & YoY (Previous 0.4%, Expected 1.9%), PPI Core MoM (Previous 0.5%, Expected 0.2%) & YoY (Previous 1.4%, Expected 2.0%).

AU:
• Monday: House Price Index QoQ (Previous 4.2%, Expected 3.0%) &YoY House Price Index (Previous -1.4%, Expected 4.3%).
• Tuesday: RBA Decision about the interest rate on the Australian Dollar (Previous 3.25%%, Expected 3.50%).
• Wednesday: Retail Sales (Previous 0.9%, Expected 0.5%).
• Thursday: Trade Balance (Previous -1524 M, Expected -2150 M).

CA:
• Thursday: Building Permits MoM (Previous 7.2%, Expected N/A). Ivey PMI (Previous 61.7%, Expected 58.0).
• Friday: Unemployment Rate (Previous 8.4%, Expected 8.4%). Net Change in Employment (Previous 30.6K, Expected 10.0K).

---

Forex trading analysis by Forexpros – Written by Munther Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[hmm [Post #29183]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29183#post29183 Mon, 02 Nov 2009 05:35:21 GMT I've been with ambush for almost two years now and for the past year been using the autotrade function you speak of... and it's the exact same thing, it works just as good the only difference is instead of sending you signals to make the trades yourself it automatically places them for you. No difference in the trades or the accuracy of them... it just allows you to not need to rush to make trades every time you get a signal. If you can afford it, I recommend it over the signals- unless you like to thouroughly analyze all your signals before you place your trades. Good luck

P.s- Your right about most of the bots you see online, I trust them about as much as I trust all the magic pills you can buy to make your dick bigger. ]]> FOREX and Foreign Exchanges Alex82 <![CDATA[Forex signal service that works great 4 me, but?? [Post #29158]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29158#post29158 Mon, 02 Nov 2009 01:53:00 GMT hey.. jason here.. ive been trading now primarily in forex for about 3 1/2 years.. and for the past 6 months ive been using a signals service that... hey.. jason here.. ive been trading now primarily in forex for about 3 1/2 years.. and for the past 6 months ive been using a signals service that has worked incredibly well for me, especially when compared to 2 other bogus services ive tried.. i've made a pretty significant amount of money with it..it's spot on accurate probably about 90% of the time... so I trust the integrity of these people.. but my question is, im thinking about upgrading my membership to the diamond edition, which enables me to use a new autotrade service they are now offering, which basically supposedly takes all these accurate signals and trades them for me all automatically, like a robot.. this carries a monthly membership fee of of just under 100 dollars... the only reason i havent done it yet is because i know there are similar things out there, these trading robots and what-not, like fapturbo for example that i know are total scams... these guys have had an excellent track record with me so far... but im a bit weary when it comes to this auto-trade thing. Their website is http://www.forex.pcti-system.com .. Has anyone ever tried this particular service with them? any advice comments or suggestions would be appreciated.. thanks ]]> FOREX and Foreign Exchanges DeadlyxKnowledge <![CDATA[Forex Weekly Outlook – November 2-6 2009 [Post #29125]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29125#post29125 Sun, 01 Nov 2009 08:51:41 GMT *The first week of November is packed with major events: rate decisions in the US, Britain, Europe and Australia, and many employment figures, with... The first week of November is packed with major events: rate decisions in the US, Britain, Europe and Australia, and many employment figures, with the king of forex, Non-Farm Payrolls, the king of forex, closing the week with the monthly circus. There are lots of other events to open the month. Take a deep breath:
After a week of dollar correction, that also saw some panic, the excellent GDP in the US calmed down traders. Renewed risk appetite weakened the dollar. Apart from the usual economic indicators reviewed here, not the G20 meetings taking place at the weekend.

Monday, November 2nd: Australian HPI is the first noteworthy event of the week. It’s expected to turn positive this time. Also note Australian Commodity Prices which are expected to rise.
In Japan, Average Cash Earnings are expected to drop once again. In Switzerland, the SLVE PMI is predicted above 50 points, and perhaps push the Swissy towards parity.
British Manufacturing PMI is expected to edge up above the 50 mark, showing expansion in Britain’s manufacturing sector. Halifax HPI is expected to rise by 0.8%, half of last month’s rise.
In the US, ISM Manufacturing PMI is predicted to rise to 53.1 points, indicating more expansion. Pending Home Sales aren’t expected to repeat the leap from last month, but are expected to be positive, contrary to last week’s New Home Sales. Both figures are published at the same time.
New Zealand’s Labor Cost Index is expected to rise in the third quarter, but not in a way that would imply a rate hike.
Tuesday, November 3rd: After being the first country to raise the rates, Australia will probably be also the second. Glenn Stevens will probably raise the Cash Rate to 3.5%. AUD/USD will also shake by the RBA Rate Statement, which will hint about future policy.
In Britain, Construction PMI is predicted to edge up, but remain under 50, showing that the rise in house prices doesn’t affect the whole sector. US Factory Orders are expected to rise by 0.8% after falling last month.
Wednesday, November 4th: British Nationwide Consumer Confidence is predicted to edge up, enough time before the MPC meeting, and could impact the rate decision.
A day after the rate decision, Australian Building Approvals are expected to rise nicely, while Retail Sales are only expected to rise by 0.5%. Both figures are published at the same time, moving the Aussie.
In Britain, Services PMI are expected to remain stable, above 50 points, showing that this sector is strong. This should supply fuel to the British Pound.
In the US, ADP Non-Farm Employment Change can give some indication to Friday’s Non-Farm Payrolls. ADP Non-Farm Payrolls are predicted to fall once again, this time by 187K.
Completing Monday’s release, ISM Non-Manufacturing PMI is also expected to edge up to 51.7 points.
The rate decision in the US isn’t expected to bring a rate hike: the Federal Funds Rate is expected to stay at a maximum level of 0.25%. Talks about the recovery, as seen in the great GDP results, will be of interest in the FOMC Statement. Also the bond buying scheme (known as dollar printing) will be important.
In New Zealand, employment figures are expected to be bad, with a drop in the employment of 0.3%, and a rise a jump in the unemployment rate to 6.4%. Contrary to my expectations, there was no rate hike in New Zealand – this hurt the kiwi.
Thursday, November 5th: Australian Trade Balance is expected to show another month of deficit. Then, RBA Governor Glenn Stevens will talk, and might shed some light on future policy. Swiss CPI is predicted to rise by 0.6%.
British Manufacturing Production is expected to rise this time. It’s only a prelude to the rate decision.
The Official Bank Rate in Britain is expected to remain at 0.5%. The more interesting part of the MPC Rate Statement is the Quantitative Easing program, also know as the Asset Purchase Facility. Following last month’s bearish hints by the BoE and the ongoing recession in Britain, the program is expected to grow to 225 billion pounds. The program has run out of money, and new pound printing is probably necessary. GBP/USD might crash.
Jean-Claude Trichet’s ECB isn’t expected to bring any surprises: the European Minimum Bid Rate is expected to stay at 1%. He might refer to the slow recovery in the continent at the ECB Press Conference.
Before the rate decision, European Retail Sales are released, and they’re expected to rise by 0.4%.
In the US, weekly Unemployment Claims are expected to stay rather stable at 519K. In Canada, Ivey PMI is expected to take a break and drop this time. Will the loonie recover from the impact of the rate decision?
Friday, November 6th: Britain’s NIESR GDP Estimate is published early in the day. It proved itself in estimating the ongoing British recession. Later in Britain, PPI Input is expected to turn positive once again.
Canadian employment figures are expected to be stable. The unemployment rate is predicted to remain at 8.4% while 10K jobs are expected to be added. Last time, great employment figures sent the Canadian dollar much higher.
American Non-Farm Payrolls are expected to fall by 171K. This will be an improvement, but will still show job losses in the US. The accompanying figure, the Unemployment Rate, is expected to edge up to 9.9%. A 10% rate or more will have a huge effect on the markets. This is what Obama talked about, but a double digit rate isn’t common in the US, and was last seen 26 years ago. Whatever the results are, the markets will go up and down strongly around the release. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Canadian Dollar Outlook – November 2-6 [Post #29124]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29124#post29124 Sun, 01 Nov 2009 08:50:22 GMT *After a disappointing GDP result, USD/CAD is far from parity. This week’s employment figures are among the events that will impact the loonie.... After a disappointing GDP result, USD/CAD is far from parity. This week’s employment figures are among the events that will impact the loonie. Here’s an outlook for this week’s Canadian events, and an updated technical analysis for USD/CAD:
USD/CAD Chart with support and resistance lines marked:
Canadian GDP had many reasons to rise, but it fell. This week’s disappointing GDP result hurt the Canadian dollar. Can employment help it? It did last month. Let’s review the events this week:

  1. John Murray talks: BOC Deputy Governor John Murray will talk about the way that the BOC works, and will probably talk about future policy. Will he add more dovish statement to those in the recent rate decision? Last time, he stated that Canada’s economic recovery isn’t assured. His speech, on Wednesday at 13:05 GMT, may dovish this time as well.
  2. Building Permits: This major housing indicator has gone mad in recent months: falling by 11.4% and then rising by 7.2%. Building Permits are expected to rise this time in a normal pace of 1.3%. Published on Thursday at 13:30 GMT.
  3. Ivey PMI: The Richard Ivey School of Business releases this highly regarded figure on Thursday at 15:00 GMT. In the past 4 months, his purchasing managers’ index has been above 50, indicating expectations for economic expansion. Last month, this figure was the highest in 14 months, at 61.7 points. It’s predicted to calm down this time, and drop to 60.9 points.
  4. Employment Change: The number of employed people has grown very nicely in the past two months. Last month’s release of 30.6K was 6 times the original expectations. This significantly strengthened the Canadian dollar. This time, the number is expected to be 10.3K.
  5. Unemployment Rate: The twin figure of the employment change was also a huge surprise last month, falling to 8.4%, the lowest in 4 months. This time, it’s expected to remain stable at the same rate. The release of these figures will shake the USD/CAD.
USD/CAD Technical Analysis
The fear that took over this week sent USD/CAD above the 1.0625 resistance line. Even the good GDP from the US didn’t push it back below this line, which served as strong resistance. The pair closes the week under the 1.08 resistance line.
Above 1.08, a strengthening greenback would meet resistance only at 1.1130, a line that was tested twice in the summer. This is a strong resistance line.
Below 1.0625, the Canadian dollar will meet initial support at 1.0400, which was the area it broke into a few weeks ago. It also served as a pivotal line in September and October 2008. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Australian Dollar Outlook – November 2-6 200 [Post #29123]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29123#post29123 Sun, 01 Nov 2009 08:49:25 GMT *After giving in to the dollar, the Aussie could rise this week on another rate hike. This is part of a very busy week for Aussie traders – there are... After giving in to the dollar, the Aussie could rise this week on another rate hike. This is part of a very busy week for Aussie traders – there are twelve more events in Australia. Here’s an outlook for the major events and an updated technical analysis for AUD/USD
AUD/USD chart with support and resistance lines marked:
The Aussie made rather sharp moves, especially after the release of the American GDP. Last week’s CPI rose by 1%, within expectations, not changing the overall picture. Apart from the rate decision,Building Approvals, Retail Sales and Trade Balance will stand out in a very busy calendar. Let’s review the events:

  1. AIG Manufacturing Index: The Australian Industry Group surveys 200 manufacturers about their expectations for the future. The score is similar to that of the purchasing managers’ index: above 50 means expansion, and that was the result in the past two months, with 52 last time. It’s expected to continue rising this time. Published on Sunday at 22:30 GMT.
  2. MI Inflation Gauge: Last week’s CPI wasn’t a big surprise. The Melbourne Institute releases its gauge, which gives another look at inflation. In the past two months, this gauge didn’t move at all. This time, it’s expected to rise modestly. Published on Sunday at 23:30 GMT.
  3. HPI: Australian house price index has risen last quarter for the first time in a year. The housing sector was late to recover. After a rise of 4.2% last quarter, the positive trend is expected to continue in the third quarter, with a rise of 3.1%. Published on Monday at 00:30 GMT.
  4. Commodity Prices: The Aussie is known as one of the commodity currencies, so this index is important for it. The rise in the price of oil has an impact on all the commodities, so a rise is expected here. Published on Monday at 5:30 GMT.
  5. Rate decision: Australia was the first country in the West to raise interest rates. New Zealand was not the second country to do so, so Australia will probably also be the second country to do that. After raising the Cash Rate to 3.25%, another 0.25% raise is expected to 3.5%. Expectations are based on many hawkish comments made by Glenn Stevens during the recent weeks. The accompanying RBA Rate Statement will hint future policy – how close rate hikes will arrive. Published Tuesday at 2:30 GMT. This is the major event for this week.
  6. AIG Services Index: Following Monday’s Manufacturing Index, this complementary indicator is published on Tuesday at Tuesday at 22:30 GMT. June’s figure was above 50, but it went below this important level afterwards. After 49.3 last month, it’s expected to rise above 50 once again.
  7. Building Approvals: This housing indicator isn’t stable. After plunging by 12.5%, it rose sharply for two months before dropping last month by 0.1%. This time, it’s expected to post a relatively steady rise of 2.4%. Building Approvals have a long term effect on the economy. This is an important indicator. The impact is might be weaker due the retail sales release at the same time, Wednesday at 00:30 GMT.
  8. Retail Sales: Australian consumers are less stable than the economy. After two months of squeezing sales, hey increased by 0.9% last month, pushing the Aussie higher. This time, they are expected to rise by 0.5%. Published on Wednesday at 00:30 GMT.
  9. Trade Balance: Trade with China is good and is one of the main reasons for Australia’s resilience, but the trade balance suffers. In the past 5 months, it has shown a deficit. Last month’s 1.52 billion deficit is probably going to be followed by a deeper one: 2.16 billion. A better result will help the Aussie. Published on Thursday at 00:30 GMT.
  10. Glenn Stevens talks: Two days after the rate decision, Glenn Stevens will make a public appearance and talk about “The Road to Prosperity”. Last month, his first appearance after the rate decision included hints about future hikes. This makes this speech no less important. He’ll be speaking on Thursday at 8:55 GMT.
  11. AIG Construction Index: The last release from AIG this week refers to the construction sector. The last release showed expansion expectations, with a score of 50.8 points. It’s expected to grow this time. Published on Thursday at 22:30 GMT.
  12. RBA Monetary Policy Statement: Following the rate statement and Glenn Stevens’ speech, this detailed statement gives another hint about future policy. It’s expected to be hawkish, with further 0.25% rate hikes in the near future. Published on Friday at 00:30 GMT.
  13. Ric Battellino talks: RBA Deputy Governor Ric Battellino will talk in Perth. In a previous public appearance in May he was rather dovish about interest rates. Given the recent policy, his words are important this time. He’ll talk on Friday at 6:20 GMT.
AUD/USD Technical Analysis
The Aussie gave in to the dollar at the beginning of the week, and then continued lower. It stopped at the support line of 0.8950, where it stopped not so long ago on its way up. After rising for temporarily on hope, it fell again and closed at 0.8980.
Below 0.8950, the area of 0.85 serves as the next support line, serving as a resistance line during the summer. Further dollar strength will halt there.
Looking up, 0.93 is a strong resistance line that was tested recently. Above that, 0.95 worked as a resistance line, and is also a round number. A strong rate hike would meet that line. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[EUR/USD Outlook – November 2-6 2009 [Post #29122]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29122#post29122 Sun, 01 Nov 2009 08:47:43 GMT *The Euro had a bad week, losing ground that took a long time to conquer. A rate decision is the highlight of this week’s events. Here’s an outlook... The Euro had a bad week, losing ground that took a long time to conquer. A rate decision is the highlight of this week’s events. Here’s an outlook for this week’s events, and an updated technical analysis for EUR/USD.
EUR/USD chart with support and resistance lines marked on it.
Last week’s good employment figures from Germany supported the Euro in the struggle with the dollar, after the initial panic. On the other hand, retail sales hurt it. Apart from the rate decision, this week’s German Factory Orders will stand out. Let’s review the events:

  1. Final Manufacturing PMI: European Manufacturing PMI rose for the first time above the crucial 50 point line according the initial, flash release. This means that purchasing managers’ are expecting expansion in economic activity. The number is expected to be confirmed in the final release made on Monday at 9:00 GMT.
  2. Final Services PMI: Completing Monday’s release, the Final Services PMI is due on Wednesday at 9:00 GMT. This indicator has already been above 50 in the last month. According to the initial release, it has pushed forward to 52.3. This number is expected to be confirmed.
  3. PPI: Producer Price Index is negative, similar to the consumer’s price index (CPI). After a fall of 0.4% last month, a drop of 0.3% is predicted this time. Note that only a big surprise will impact the markets since Germany and France already released their PPI. Published on Wednesday at 10:00 GMT.
  4. Retail Sales: Also here, the release is after Germany and France. But since it happens less than three hours before the rate decision, it can be move the nervous markets. After 4 months of squeezing, retail sales are expected to grow by 0.3% this time. Published on Thursday at 10:00 GMT.
  5. Rate decision: Jean-Claude Trichet is expected to leave the European Minimum Bid Rate at 1%. Deflation in Europe is too strong to put pressure for a rate hike. The focus will be, as in previous months, on the words at the ECB Press Conference. This probably won’t include rate moves, but it will include the ECB’s view of the economy, and the recovery.
  6. German Factory Orders: Europe’s largest economy showed strong growth in factory orders in the past 4 months. Last months it was relatively modest – a rise of 1.4%. This time, it’s expected to rise by 1%. Published on Friday at 11:00 GMT.
This week also features a lot of major American releases, with the Non-Farm Payrolls being the climax on Friday. These will also impact EUR/USD strongly, as the positive GDP in the US moved the pair.
EUR/USD Technical Analysis
EUR/USD was the first pair to feel the fear. It took it below the support line of 1.4842. It didn’t recover. It went as low as 1.4683, then recovered on the positive American GDP, but fell again to close at 1.4714.
1.4842 serves as a resistance line now. It’s clearly seen in recent trading, both from the upside and the downside. Looking further up, I’ve marked the high point of 1.5062 as the next resistance line. It didn’t appear in last week’s EUR/USD Outlook. Above that, 1.5144 capped the pair when it was going up last year.
Looking down, I’ve marked this week’s low of 1.4683 as a support line. It’s a minor one. Below, 1.4444 served as a resistance line for a very long time, and now works as a major support line. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[British Pound Outlook – November 2-6 2009 [Post #29121]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29121#post29121 Sun, 01 Nov 2009 08:43:00 GMT *The British Pound stood proud against the dollar strength this week. A very sensitive rate decision and 8 other events will move the Pound this... The British Pound stood proud against the dollar strength this week. A very sensitive rate decision and 8 other events will move the Pound this week. Here’s a review for these events and an updated technical analysis for GBP/USD.
GBP/USD chart with support and resistance lines marked on it:
Will the Pound recover from the ongoing recession?In addition to the rate decision, three PMI releases are also pivotal. Let’s review the events this week:

  1. Halifax HPI: The Halifax Bank of Scotland releases this important broad housing indicator at an unknown time this week. This index, based on the bank’s internal numbers, has risen in the past three months, with a 1.6% rise last time. A 0.8% rise is expected this time.
  2. Manufacturing PMI: 600 manufacturers are surveyed for this important purchasing managers’ index. Manufacturing PMI passed the 50 point mark in July, indicating expectations for economic expansion. This didn’t hold in the next two months. After a 49.5 score last time (indicating contraction), it’s expected to rise to 50.1 this time. Published on Monday at 9:30 GMT.
  3. Construction PMI: Contrary to house prices, this housing sector indicator is still negative. 170 purchasing managers in the field of construction are still expecting contraction, with a 46.7 score last month, lower than the previous one. This time, it’s expected to go back up to 47.2, still in the negative zone. Published on Tuesday at 9:30 GMT.
  4. Nationwide Consumer Confidence: British consumers are becoming more and more confident – this index has risen in the past 6 months, reaching 71 last time. This survey of 1000 consumers is expected to advance one step further, and rise to 72 points this time. Published on Wednesday at midnight GMT.
  5. Services PMI: Contrary to the manufacturing PMI, the services sectors is doing better and is more steady. It is above the 50 point mark for 5 straight months, reaching a nice score of 55.3 this time. Purchasing managers in the services sector are expected to show the same expectations, with the index edging up to 55.4 points. Published on Wednesday at 9:30 GMT.
  6. Manufacturing Production: This economic indicator touches production itself. After a cautious rise, manufacturing production was a great disappointment last time, with a fall of 1.9% – something that seriously hurt the Pound. This time, it’s expected to recover, and show a rise of 1.1%. At the same time, Industrial Production is also published, but since manufacturing is around 80% of all industrial production in Britain, this number is less important. Industrial production is expected to rise by 1.2% after a plunge of 2.5% last month.
  7. Rate decision: The British economy is still in a bad condition. The ongoing recession in the third quarter hurt the Pound badly. With a slowing pace of price rises, there’s no fear of deflation. There’s no chance of rate hike in the near future – Official Bank Rate is expected to remain at 0.5%. The focus is on the Quantitative Easing program, officially called the “Asset Purchase Facility”. In the previous rate decision, the BoE mentioned that there isn’t too much money left in the program, and hinting that it will be expanded – Pound bearish hints. Since then, there have been many comments regarding the program, that sent the Pound up and down. Given the bad GDP, the chance of an expansion has risen. An expansion of the program from 175 billion to 225 billion Pounds is highly likely. The event, including the MPC Rate Statement, will happen on Thursday at 12:00 GMT.
  8. NIESR GDP Estimate: The National Institute of Economic and Social Research releases this early, monthly GDP estimate on Friday at midnight GMT. The recent fall in GDP surprised many economists, but not those at NIESR, who expected it. This makes this unofficial release so important.
  9. PPI: British Producer Price Index has fallen in the previous month, showing that deflation can come to Britain as well. PPI Input, representing the price paid by manufacturers , the more important figure, is expected to rise by 1.6% after last month’s 0.5% fall, while PPI Output, the price sold by manufacturers, is expected to rise by 0.4%.
As with other currencies, the crowded calendar in the US, with the Non-Farm Payrolls in particular, will also shake the Pound. On the other hand, the Pound’s calendar is very crowded as well…
GBP/USD Technical Analysis
The Pound began the week hurt from the GDP, and slowly climbed back up. It got a boost from the American GDP, and pushed up to 1.6610 before releasing some of its gains on Friday. GBP/USD closed at 1.6449.
Looking up, 1.6660 continues to serve as a major resistance line. It worked as such so many times in recent months. Further up, 1.7042 was the sneak peak in August, and lies far above.
Looking down, 1.6110 serves as initial support on another plunge of the Pound. A further fall will meet the might 1.5720 line, the was a stronghold before the Pound began the recent comeback.
The British economy is still in recession, with a heavy QE program and a growing danger of deflation. It should resume the downtrend. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Top 5 Reasons To Invest In A Forex Trading System [Post #29082]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29082#post29082 Fri, 30 Oct 2009 21:10:40 GMT To be a successful Forex trader, you need to have the best Forex system on your side. This system needs to fit both your trading personality and your... To be a successful Forex trader, you need to have the best Forex system on your side. This system needs to fit both your trading personality and your own time schedule.

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But there are 5 other reasons why you should invest in a Forex system. Check them now… ]]> FOREX and Foreign Exchanges FreeForexEbook <![CDATA[Tips To Start Trading Forex [Post #29081]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29081#post29081 Fri, 30 Oct 2009 21:01:29 GMT Forex is the largest financial market in the world that was opened to the general public about 10 years ago. Before, only big institutions and... Forex is the largest financial market in the world that was opened to the general public about 10 years ago. Before, only big institutions and central banks were able to trade currencies. But now, we all can do it.


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If you want to know what you should and shouldn’t do before you commit your hard-earned money, just click here. ]]> FOREX and Foreign Exchanges ForexTopTen <![CDATA[forex-portfolios-management [Post #28974]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28974#post28974 Thu, 29 Oct 2009 11:46:32 GMT Professional forex account management. Professional forex account management. ]]> FOREX and Foreign Exchanges forexportfolios <![CDATA[Forexpros.com Daily Analysis - 29/10/2009 [Post #28973]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28973#post28973 Thu, 29 Oct 2009 09:22:07 GMT *_Forexpros Daily Analysis Oct 29, 2009_* *_Free webinar TODAY - Get to grips with Position Sizing_* Expert: Tony Beckwith When: Thu, Oct... Forexpros Daily Analysis Oct 29, 2009


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Traders await tomorrow’s announcement (Oct 30) by the Bank of Japan’s Monetary Policy Committee (MPC) on the new monthly short term interest rate.

The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency.
A higher than expected rate is positive/bullish for the JPY, while a lower than expected rate is negative/bearish for the JPY.
Analysts expect no new changes from the bank’s executives, with this months interests remaining stable at 0.10%.

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Euro Dollar

In agreement with the negative technical outlook we talked about in the past two days, the Euro stopped at the first resistance in the report 1.4844 with great accuracy (highest price after the issuance of the report is 1.4840), then dropped breaking the support 1.4801, and reached the first target of that break 1.4702. And after reaching 1.4702, we should not neglect the rising probability of an upward correction for the drop from 1.5061, which reached almost 400 pips so far. Short-term support is Fibonacci 61.8% for the whole rise from .4480, which is at 1.4702, and breaking it would mean that the drop coming from 1.5061 will be larger than our expectation, and the next targets will be 1.4649 and 1.4610. Short-term resistance is 1.4737, and breaking it would target the Fibonacci 38.2% at 1.4827, and may be Fibonacci 50% at 1.4872. If the negative outlook is to persist, the Euro should not break the most important resistance for the medium-term 1.4916.

Support:
• 1.4702: Fibonacci 61.8% for the whole move from 1.4480.
• 1.4649: Oct 7th low.
• 1.4610: previous support.

Resistance:
• 1.4737: short-term resistance.
• 1.4827: Fibonacci 38.2% for the drop 1.5061.
• 1.4872: Fibonacci 61.8% for the drop 1.5061.

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USD/JPY

Dollar-Yen broke 90.76 and had some drop after that, but it stopped before 90. In spite of that, the technical outlook became more negative, because we broke the rising channel that we have been monitoring lately. The most important support for the short-term is 90.16, and until this moment it managed to hold above it. If it can maintain to do so, we expect a correction for the down move from 92.31. But if it is broken, more of the drop is to be expected, first towards the important 89.61, the last important support above 89, since the next important support is 88.82. On the other hand, the most important resistance for the short-term is 91.02, which represents both Fibonacci 38.2%, and also the retest level for the broken channel. If broken, we expect to rise towards the important 91.52, and if we are in front of a correction, we should not break this level. But if a surprise happens and we break it, the price would be on the way back to 92.17.

Support:
• 90.16: short-term support.
• 89.61: previous support & Oct 12th low.
• 88.82: previous support & Oct 14th low.

Resistance:
• 91.02: Fibonacci 38.2% for the short-term, and the retest level for the broken channel, important resistance.
• 91.52: Fibonacci 38.2% for the short-term, important resistance.
• 92.17: previous well known resistance area.

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Forex trading analysis by Forexpros - Written by Munther T. Marji

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Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[USDJPY Daily Forecast: October 29 [Post #28972]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28972#post28972 Thu, 29 Oct 2009 09:07:13 GMT USDJPY Forecast: The USDJPY continued it’s bearish momentum yesterday, bottomed at 90.54 and closed at 90.73. After failed to break above 92.50... USDJPY Forecast:

The USDJPY continued it’s bearish momentum yesterday, bottomed at 90.54 and closed at 90.73. After failed to break above 92.50 resistance area, the pair keep moving lower and now, as you can see on my h4 chart below, has violated the bullish channel to the downside indicating potential further bearish momentum. The bias remains bearish targeting 90.00 – 89.50 area. Immediate resistance is seen at 91.10 area. Break above that area should lead us into no trading zone. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[USDCHF Daily Forecast: October 29 [Post #28971]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28971#post28971 Thu, 29 Oct 2009 09:06:23 GMT *USDCHF Forecast* The *USDCHF* continued it’s bullish momentum yesterday, topped at 1.0276 and closed at 1.0262. On my h4 chart below we can see... USDCHF Forecast

The USDCHF continued it’s bullish momentum yesterday, topped at 1.0276 and closed at 1.0262. On my h4 chart below we can see that the bullish momentum is now testing the 1.0280 resistance area. The bias remains bullish in nearest term but we need a clear break above 1.0280 to confirm bullish scenario targeting 1.0360 even back towards 1.0450 area. Immediate support at 1.0230 followed by 1.0166.

]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[GBPUSD Daily Forecast: October 29 [Post #28970]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28970#post28970 Thu, 29 Oct 2009 09:05:47 GMT Image: http://2.bp.blogspot.com/_xZfjME4pNqg/SulKNdvJNrI/AAAAAAAAHWs/fK2kdtBpBls/s400/gbpusddaily10.jpg ...
GBPUSD Forecast:
The GBPUSD made had another volatile but indecisive movement yesterday. On daily chart below we can see that the pair attempted to stay above the bearish channel, topped at 1.6466 but once again failed to close convincingly above the bearish channel indicating that bullish pressure is not strong enough to push higher and might be exhausted and potentially trigger bearish momentum. I still prefer a bearish scenario at this phase with 1.6113 as the bearish target. Immediate resistance at 1.6430/60 area. ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[EURUSD Forecast -October 29 -2009. [Post #28969]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28969#post28969 Thu, 29 Oct 2009 09:05:16 GMT As I had expected, the EURUSD continued it’s bearish momentum yesterday, bottomed at 1.4690 and closed at 1.4715. As you can see in my daily chart... As I had expected, the EURUSD continued it’s bearish momentum yesterday, bottomed at 1.4690 and closed at 1.4715. As you can see in my daily chart below, we area in critical technical phase where price is now testing the major trendline support. This trendline support could be a strong support area since overall in longer term the bullish outlook remains intact, but once violated to the downside, we should have further bearish scenario. So I think what is going to happen on that trendline support today and the rest of this week should be our technical focus at this phase.


On h4 chart below, after violated the bullish channel the bearish momentum seems strong with technical target back towards 1.4500 area. The bias remains bearish in nearest term targeting 1.4580 area but once again, pay attention to the major trendline support on daily chart above. Immediate resistance is seen at 1.4760. Break above that area should trigger further bullish pressure testing 1.4850 area and might be considered as potential end to the current bearish correction.

]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Forecast for Crosses: October 29 [Post #28968]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28968#post28968 Thu, 29 Oct 2009 09:03:16 GMT *EURJPY Forecast* As I had expected, the EURJPY had another bearish momentum yesterday, hit my target at 134.40, even further, bottomed at 133.25.... EURJPY Forecast
As I had expected, the EURJPY had another bearish momentum yesterday, hit my target at 134.40, even further, bottomed at 133.25. The bias remains bearish in nearest term targeting 131.00 before aim for 127.00 area. Immediate resistance at 134.00/40 area. Break above that area should lead us into no trading zone but I still prefer a bearish scenario at this phase and long position is not recommended.


GBPJPY Forecast
The GBPJPY had a bearish momentum yesterday, break below my support area at 149.40, bottomed at 148.28 and closed at 148.69. On h4 chart below we can see that the pair is moving in a bearish channel indicating bearish tone. This fact should lead us to further downside pressure targeting at least 146.50 area. Immediate resistance at 148.50 area. Break above that area should lead us into no trading zone but I still prefer a bearish scenario and long position is not recommended at this phase.



AUDUSD Forecast
The AUDUSD had a significant bearish momentum yesterday, break below 0.9090, bottomed at 0.8961 and closed at 0.8997. On h4 chart below we can see how violation of the bullish channel can trigger a bearish reversal scenario. This fact is nothing but a bullish failure for me and potential further bearish scenario targeting 0.8860 area. Immediate resistance at 0.9030 followed by 0.9090 area. Break above those area should lead us into no trading zone as direction would become unclear in nearest term but I prefer a bearish scenario at this phase.

]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Daily Forex Signals Thursday, 29 Oct 2009 [Post #28967]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28967#post28967 Thu, 29 Oct 2009 09:02:45 GMT EUR/USD Trend: Downward Sell EUR/USD at 1.4715 SL 1.4755 TP1 1.4685 TP2 1.4665 Resistances : 1.5075 -1.5109 Supports : 1.4975 - 1.491 Pivot... EUR/USD
Trend: Downward
Sell EUR/USD at 1.4715 SL 1.4755 TP1 1.4685 TP2 1.4665
Resistances : 1.5075 -1.5109
Supports : 1.4975 - 1.491
Pivot :1.5009

GBP/USD
Trend: Downward
Sell GBP/USD at 1.6384 SL 1.6424 TP1 1.6354 TP2 1.6334
Resistances :1.6682 - 1.6735
Supports : 1.6531 - 1.6433
Pivot : 1.6584

USD/JPY
Trend: Downward
Sell USD/JPY at 90.36 SL 90.76 TP1 90.06 TP2 89.86
Resistances :91.8- 92.18
Supports : 90.95 - 90.48
Pivot : 91.33

USD/CHF
Trend: Upward
Buy USD/CHF at 1.0267 SL 1.0227 TP1 1.0297 TP2 1.0317
Resistances : 1.0099 -1.0152
Supports : 1.0016 - 0.9986
Pivot : 1.0069 ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forex Daily Outlook – October 29th 2009 [Post #28966]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28966#post28966 Thu, 29 Oct 2009 09:01:17 GMT *The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will... The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today:

Australian HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at 0.8995, sitting above the 0.8950 support line

The suffering Euro will receive a few indicators today: German Unemployment Change is expected to rise by 17K, but there could be a surprise there. European Consumer Confidence is expected to rise but remain negative, at -17. Also note a speech from Deutsche Bundesbank President Axel Weber. EUR/USD is now at 1.4700.

In Britain, the Pound is weathering the dollar strength quite well. Today, Net Lending to Individuals is expected to repeat last month’s number of 0.7 billion

In Canada, the RMPI (Raw Materials Price Index) is expected to drop by 0.5% after rising by 3.7% last time. USD/CAD is trading under the resistance line of 1.08.

The US is expected to get out of recession in the third quarter. Advance GDP is expected to show an annually adjusted rise of 3.2%, following last quarter’s contraction of 0.7%. After Britain disappointed with another quarter of recession, American GDP could fall as well. In this case, the fear factor will push the dollar higher. This major event is at 12:30 GMT.
Weekly Unemployment Claims are expected to drop from 522K to 531K. Only a big surprise will move the markets, given the GDP release.Timothy Geithner will be testifying in Wahington, and might release an interesting statement.


One day after the disappointing rate decision in New Zealand, Building Consents are published. A strong result might help the kiwi recover from teh downfall. NZD/USD is now at 0.7185. The same reaction to a disappointing rate decision happened with the Canadian dollar.
Japan closes the day with many releases: Household Spending is expected to rise by 1.2%, about half of last month’s rise. Tokyo Core CPI is expected to show an annual fall of 2%, deep in deflation. Japanese Unemployment Rate is predicted to edge up from 5.5% to 5.6%.
That’s it for today. Happy forex trading! ]]> FOREX and Foreign Exchanges dailyforexnews <![CDATA[Forexpros.com Daily Analysis - 28/10/2009 [Post #28899]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28899#post28899 Wed, 28 Oct 2009 12:05:31 GMT *_Forexpros Daily Analysis Oct 28, 2009_* *_Free webinar - Spotting behavioral and fundamental clues in the market to catch giant price moves_*... Forexpros Daily Analysis Oct 28, 2009


Free webinar - Spotting behavioral and fundamental clues in the market to catch giant price moves

Expert: Kris Matthews
When: Sun, Nov 1, 2009, 10:00 EST

Traders often forget that the market is made up of human beings, rather than price patterns and news events. Your edge in the market (and in any zero-sum-game) is knowing something about the other players' positions.
To profit from the currency market you must understand that there are three groups of players in the currency market and each has particular motives, limitations, and behaviors. Identifying the clues that each of these groups leave behind in a systematic manner will position you to capture the large macro moves in the forex market.

Click here to join the webinar.

---

The U.S. Department of Labor will publish the weekly Initial Jobless Claims report tomorrow (Oct 29).

The report is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report.
The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired.
Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth.
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Analysts predict last week’s measure of 531.00k to drop to 520.00k

---

Euro Dollar

In agreement with the negative technical outlook we talked about in yesterday's report, the Euro stopped at the first resistance in the report 1.4927 with great accuracy (yesterday's high 1.4926), then dropped breaking the support 1.4861, and reached the first target of that break 1.4771 with great accuracy as well (yesterday's low 1.4769). We still favor more downside movement, which is an expectation built on the negative technical outlook after breaking 1.4992, but we should not neglect the rising probability of an upward correction for the drop from 1.5061, which reached almost 300 pips so far. Short-term support is provided by the rising trendline from yesterday's low, currently at 1.4801, and breaking it would mean a continuation of the sharp drop, in order to break 1.4771, and target Fibonacci 61.8% for the whole up move from 1.4480, at 1.4702. Short-term resistance is 1.4844, and breaking it would target the area between 1.4881 & 1.4949. If the negative outlook is to persist, the later (1.4949) should hold.

Support:
• 1.4801: the rising trendline from yesterday's low on the intraday charts.
• 1.4760: Oct 13th low.
• 1.4702: Fibonacci 61.8% for the whole move from 1.4480.

Resistance:
• 1.4844: Monday's low.
• 1.4927: Fibonacci 38.2% for yesterday's drop.
• 1.4978: Fibonacci 61.8% for yesterday's drop, and the most important resistance for the time being.

---


USD/JPY

The Dollar-Yen stayed below the resistance 92.27, broke the support 91.98, and reached the first target for this break 91.26 successfully. With this down move, we are getting closer to the bottom of the rising trend channel on the hourly chart, currently at 90.76, making it support of the day. Staying above it, would give this pair a chance to correct the drop from Monday's high 92.31, creating a correction that could reach 91.84, the most important resistance for the short-term. We believe that the borders of the current area are support 90.76 and resistance 97.84, and before breaking any of them, it would be difficult to predict the next move's direction. And we believe that the direction of that move will be the direction of the break. If we break support 90.76, that would mean we broke the rising trend channel, and the trend for the short and medium terms, and that would take the price close to 90 again. On the other hand, breaking resistance 91.84 would mean that the drop from Monday's high is over, and that we are on the way to 92.52-58.

Support:
• 90.76: the bottom of the rising trend channel on the hourly.
• 90.06: Oct 20th low.
• 89.61: Oct 12th low.

Resistance:
• 91.54: Fibonacci 38.2% for the short-term.
• 91.84: Fibonacci 61.8% for the short-term, the most important resistance for now.
• 92.52-92.58: previous well known resistance area.

---

Forex trading analysis by Forexpros - Written by Munther T. Marji

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Forex Daily Outlook – October 27th 2009 [Post #28839]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28839#post28839 Tue, 27 Oct 2009 09:31:16 GMT *Forex Daily Outlook – October 27th 2009 (http://forexnews84.blogspot.com/2009/10/forex-daily-outlook-october-27th-2009.html)* *After weeks of... Forex Daily Outlook – October 27th 2009


After weeks of weakness, the US dollar made a strong corrective move, gaining across the board. Today’s CB Consumer Confidence is the main event, and there are lots of other events all over the world. Let’s see what’s up for today:

Australian NAB Quarterly Business Confidence was finally published, and it turned positive, rising to 16 points. This helped the Aussie slightly recover. AUD/USD now trades at 0.9180. The Australian dollar was also hit by yesterday’s disappointing PPI, that rose by only 0.1% last quarter.

For more on the Aussie, read the AUD/USD Forecast.
In Switzerland, the UBS Consumption Indicator is due today. USD/CHF is now getting away from parity. If you’re into the Swissy, check out James Chen’s recent technical analysis for this pair.
In Europe, the M3 Money Supply is expected to grow more slowly, at 2.1%, showing that deflation is still strong. EUR/USD now trades at 1.4895, bouncing off the support line. Read Casey Stubbs’ analysis about the Euro’s corrective move.
For more on the Euro, read the EUR/USD Forecast.
The British Pound is weathering this dollar correction quite well, with GBP/USD currently at 1.6335. CBI Realized Sales are due to double from 3 to 6 points, helping the Pound.
For more on the Pound, read the GBP/USD Forecast.
Moving to the US, the S&P/CS Composite-20 HPI is expected to show a softer fall in prices. An annualized figure of a 11.9% fall is predicted to be reported, better than the 13.3% fall.
The CB Consumer Confidence is expected to show that consumers are a little bit more confident, rising from 53.1 to 53.7 points. Late in the day, Timothy Geithner will be speaking, and he might slip something that will move the markets.
In Canada, BOC governor Mark Carney will start testifying in parliament and will talk about last week’s monetary report. USD/CAD gained from the dollar’s correction, rising above the 1.0625 support line, currently trading at 1.0684.
For more on the loonie, read the USD/CAD Forecast.
Japanese Retail Sales close the day, with an expected annual fall of 1.5%.
That’s it for today. Happy forex trading! ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Daily Forecast for Crosses: October 27 [Post #28838]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28838#post28838 Tue, 27 Oct 2009 09:29:46 GMT *Daily Forecast for Crosses: October 27 (http://forexnews84.blogspot.com/2009/10/daily-forecast-for-crosses-october-27.html)* *EURJPY Forecast*... Daily Forecast for Crosses: October 27


EURJPY Forecast
My concern about EURJPY is in transition and we need to wait for further development proved to be right. On daily chart below we can see that price failed to break the upper line of rectangle area at 138.68 and had a bearish momentum. I see interesting relation between the upper line of the rectangle area with the CCI, as you can see in my daily chart below. Every time price failed to break above the rectangle and CCI in overbought area, we had a significant bearish momentum towards the lower line. Now I am expecting the same thing, a bearish momentum at least targeting 136.26 area in nearest term. Only valid break above 138.68 area should lead us into new phase of the bullish scenario. Immediate resistance at 137.70 area. Break above that area should trigger further bullish momentum re-testing 138.68.

GBPJPY Forecast
The GBPJPY had indecisive movement yesterday. The pair attempted to push lower but failed to break convincingly below my support at 149.40 so far. I think we are in no trading zone but I am expecting another downside pressure re-testing 149.40 before aim for 147.03 area. Immediate resistance at 151.16 (yesterday’s high). Break above that area should trigger further upside pressure re-testing 153.20.

AUDUSD Forecast
The AUDUSD continued it’s moderate bearish momentum yesterday. For me, the fact that price able to move away from the bullish channel indicating potential downside pressure testing 0.9090 area but overall we still in range area of 0.9270 – 0.9090 area. Immediate resistance at 0.9180 – 0.9200 area. Break above that area should trigger further bullish momentum re-testing 0.9270.


]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[GBPUSD Daily Forecast: October 27 [Post #28837]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28837#post28837 Tue, 27 Oct 2009 09:28:49 GMT *GBPUSD Daily Forecast: October 27 (http://forexnews84.blogspot.com/2009/10/gbpusd-daily-forecast-october-27.html)* *GBPUSD Forecast:* The... GBPUSD Daily Forecast: October 27


GBPUSD Forecast:
The GBPUSD made indecisive movement yesterday, made a Doji on daily chart. My technical strategy yesterday, about to place a short position around the upper line of the bearish channel worked fine, as you can see on daily chart below, that area is a good resistance area and that area remains a good place to keep short with tight stop loss above it. I still prefer a bearish scenario at this phase, with medium term technical target at 1.5800 area. Immediate resistance at 1.6394 (yesterday’s high) and around the upper line of the bearish channel. Break above the bearish channel should lead us into no trading zone as price might start to regain it’s bullish momentum once again, and nearest bias would become unclear for me. The bias remains bearish in nearest term and still targeting 1.6113 area.
]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[USDJPY Daily Forecast: October 27 [Post #28836]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28836#post28836 Tue, 27 Oct 2009 09:28:15 GMT * USDJPY Daily Forecast: October 27 (http://forexnews84.blogspot.com/2009/10/usdjpy-daily-forecast-october-27.html)* *USDJPY Forecast: * The...
USDJPY Daily Forecast: October 27


USDJPY Forecast:
The USDJPY attempted to push lower yesterday but failed to move below my key support level 91.40 and closed higher at 92.23 indicating bullish momentum is still there. However, like I said yesterday, I will keep stay out for now as 92.50 area remains potential strong resistance. Only valid break above that area could lead us to further bullish scenario. Key support level also remains at 91.40. Break below that area should trigger further bearish momentum back towards 90.50 area. CCI in overbought area and heading down on daily chart suggesting potential bullish exhaustion.







USDJPY Daily Forecast: October 27 ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[USDCHF Daily Forecast: October 27 [Post #28835]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28835#post28835 Tue, 27 Oct 2009 09:27:37 GMT * USDCHF Daily Forecast: October 27 (http://forexnews84.blogspot.com/2009/10/usdchf-daily-forecast-october-27.html)* *USDCHF Forecast* Finally,...
USDCHF Daily Forecast: October 27


USDCHF Forecast
Finally, my trendline resistance was convincingly violated to the upside and price now traded above 1.0166 resistance area (now become support) indicating serious threat to the current bearish outlook and potential bullish reversal scenario. The bias is bullish in nearest term targeting 1.0280 area. Immediate support at 1.0166 – 1.0120 area. Break below that area should lead us into no trading zone and price might regain it’s bearish momentum once again re-testing 1.0040 area.
]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[EURUSD Forecast: Bearish correction testing 1.4850 [Post #28834]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28834#post28834 Tue, 27 Oct 2009 09:27:02 GMT The EURUSD had a significant bearish momentum yesterday, bottomed at 1.4844 and closed at 1.4863. The CCI bearish divergence I showed you on Saturday... The EURUSD had a significant bearish momentum yesterday, bottomed at 1.4844 and closed at 1.4863. The CCI bearish divergence I showed you on Saturday give us a valid signal about bullish exhaustion and bearish momentum. On h4 chart below we can see that price violated the bullish channel to the downside indicating potential bearish view.
On my daily chart below we can see that we are in critical phase where price now testing my key support level 1.4850. Break below that area could trigger further bearish momentum towards 1.4450 in medium term outlook. The bias is bearish in nearest term but we need a consistent move below 1.4850 to confirm further bearish correction scenario at least towards 1.4700 area. Immediate resistance at 1.4920/50 area. Break above that area should keep the medium term bullish outlook intact but become unclear in nearest term.
]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Forex Signals Daily -Tuesday, 27 Oct 2009 [Post #28833]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28833#post28833 Tue, 27 Oct 2009 09:25:01 GMT EUR/USD Trend: Upward Buy EUR/USD at 1.4905 SL 1.4865 TP1 1.4935 TP2 1.4955 Resistances : 1.5075 -1.5109 Supports : 1.4975 - 1.491 Pivot :1.5009... EUR/USD
Trend: Upward
Buy EUR/USD at 1.4905 SL 1.4865 TP1 1.4935 TP2 1.4955
Resistances : 1.5075 -1.5109
Supports : 1.4975 - 1.491
Pivot :1.5009

GBP/USD
Trend: Upward
Buy GBP/USD at 1.6335 SL 1.6295 TP1 1.6365 TP2 1.6385
Resistances :1.6682 - 1.6735
Supports : 1.6531 - 1.6433
Pivot : 1.6584

USD/JPY
Trend: Downward
Sell USD/JPY at 92.06 SL 92.46 TP1 91.76 TP2 91.56
Resistances :91.8- 92.18
Supports : 90.95 - 90.48
Pivot : 91.33

USD/CHF
Trend: Downward
Sell USD/CHF at 1.0062 SL 1.0102 TP1 1.0032 TP2 1.0012
Resistances : 1.0099 -1.0152
Supports : 1.0016 - 0.9986

Forex Signals Daily -Tuesday, 27 Oct 2009 ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Forexpros.com Daily Analysis - 26/10/2009 [Post #28749]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28749#post28749 Mon, 26 Oct 2009 14:51:15 GMT *_Forexpros Daily Analysis Oct 26, 2009_* *_Free webinar - Spotting behavioral and fundamental clues in the market to catch giant price moves_*... Forexpros Daily Analysis Oct 26, 2009


Free webinar - Spotting behavioral and fundamental clues in the market to catch giant price moves

Expert: Kris Matthews
When: Sun, Nov 1, 2009, 10:00 EST

Traders often forget that the market is made up of human beings, rather than price patterns and news events. Your edge in the market (and in any zero-sum-game) is knowing something about the other players' positions.

To profit from the currency market you must understand that there are three groups of players in the currency market and each has particular motives, limitations, and behaviors. Identifying the clues that each of these groups leave behind in a systematic manner will position you to capture the large macro moves in the forex market.


Click here to join the webinar.

---

The National Australia Bank (NAB) will publish its Quarterly Business Confidence report tomorrow (OCT 27).

The report measures the current business conditions in Australia by analyzing the economic situation in the short term.

The indicator is concluded from a survey of around 1000 companies.

A rising trend indicates an increase in business investment which may lead to higher levels of output.

Above 0 indicates improving conditions, below indicates worsening conditions.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

The Australian Market has seen an improving trend ever since the low reading of Business Confidence this February which stood at -42.

---

Euro Dollar

We can say that the Euro is still facing trouble in the 1.5045-1.5062 area, and with closing on towards 1.5082 very slowly, we should be on the watch for a top near this level, where a relatively sizable correction is expected to begin. The most important resistance for now is 1.5082, and only breaking it would weaken the probability of a top formation in this area. The most important support is the bottom of the rising channel on the hourly charts, which meets the moving average SMA100 at 1.4992. If broken, we expect a correction to match the rise from 1.4480, which would take the price in the next few days to 1.4840 at the very least. But, if things go against our expectations, and the price rise and breaks 1.5082, that would open the way towards 1.5144 & 1.5200.

Support:
• 1.4992: the bottom of the rising channel on the hourly chart, and the moving average SMA100.
• 1.4896: clear support area on the hourly chart.
• 1.4840: Fibonacci 38.2% for the whole move from 1.4480.

Resistance:
• 1.5082: previous daily high from 2008.
• 1.5144: previous support area that contained more than one daily low during last year.
• 1.5200: previous resistance area from 2008.

---

USD/JPY

Dollar-Yen reached 92 for the first time in more than a month. And after breaking 91.63, its is only logical to say that the odds favor a continuation of this slow rise, probably to our previously suggested target area 92.52-58, which could be an area for the price to reverse from, and start correcting the whole rise from 87.98. Short-term resistance is 91.94, and breaking it would mean we are heading towards the target area 92.52-58, or may be to a more exciting and attractive target, which is 92.88: Fibonacci 50% resistance for the whole down move from 97.77 to 87.98. And since the 2 targets are not far from each other, the whole area combining them (92.52-92.88) is considered one wide resistance area that we expect is able to reverse the direction on the short-term, and initiate a correction that we can not talk about its size now. The most important support is 91.47, provided by the rising trendline on the 15 minute chart. If broken, we will target 90.90 where the known previous resistance meets the SMA100. And Since the RSI is standing in the middle of the way, the odds of going in either direction look close.

Support:
• 91.47: the rising trendline on the intraday charts.
• 90.90: the previous known resistance, and the moving average SMA100.
• 89.38: Oct 19th low.

Resistance:
• 91.94: intraday resistance.
• 92.52-92.58: previous well known resistance area.
• 92.88: Fibonacci 50% for the whole drop from 97.77 to 87.98.

---

Forex trading analysis by Forexpros - Written by Munther T. Marji

---

Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
 ]]> FOREX and Foreign Exchanges forexpros <![CDATA[Daily Signals Monday, 26 Oct 2009 [Post #28733]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28733#post28733 Mon, 26 Oct 2009 11:22:30 GMT * Daily Signals Monday, 26 Oct 2009 (http://forexnews84.blogspot.com/2009/10/daily-signals-monday-26-oct-2009.html) * EUR/USD Trend: Upward ... Daily Signals Monday, 26 Oct 2009

EUR/USD
Trend: Upward
Buy EUR/USD at 1.5034 SL 1.5004 TP 1.5064

GBP/USD
Trend: Upward
Buy GBP/USD at 1.6308 SL 1.6278 TP 1.6338

USD/JPY
Trend: Downward
Sell USD/JPY at 91.80 SL 92.10 TP 91.50

USD/CHF
Trend: Downward
Sell USD/CHF at 1.0058 SL 1.0088 TP 1.0028

Daily Signals Monday, 26 Oct 2009 ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Daily analysis and trading strategies 10-26-09 [Post #28732]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28732#post28732 Mon, 26 Oct 2009 11:21:45 GMT * Daily analysis and trading strategies 10-26-09 (http://forexnews84.blogspot.com/2009/10/daily-analysis-and-trading-strategies_26.html) * ... Daily analysis and trading strategies 10-26-09

EURUSD Trading strategy: long at 1.5050 on break of 1.5045 (hourly close above 1.5045), initial stop at 1.4990, objective at 1.5130. Adjust stop to breakeven on +30 pips (at 1.5080) if reached
Resistance into the 1.5045/50 region is intact and couldn’t be broken yet although it’s been tested several times. Upside remains favored as long as intra-day support on the 1.5000 handle will hold on potential pullbacks. Intra-day studies are bullish but a sustained break above 1.5050 should encourage faster gains towards the 1.51-1.52 region. Resistance follows 1.5050 at 1.5100 and 1.5150 while on the downside, 1.5000 is backed by notable barriers at 1.4950, 1.4880/00 and 1.4820/50. Current exchange rate is 1.5037 @07:08 GMT
Support: 1.5000, 1.4950, 1.4880/00 and 1.4820/50
Resistance: 1.5045/50, 1.5100, 1.5150 and 1.5200
EURUSD 4hrs chart 10-26-2009


GBPUSD
Trading strategy: stand aside
Friday’s decline to as low as 1.6300 is a reminder that the pound isn’t performing so well lately and shows weakness across the board, especially against euro and yen. The 390 points decline has erased most of recent gains and the weekly bar suggests a reversal, favoring downside action from now on. Short-term sentiment remains bullish but as long as the 1.6500 resistance is intact, extra caution is advised on potential long positions. If Friday’s decline resumes, downside objectives are emerging at 1.6200 then 16050/80. Current exchange rate is 1.6315 @07:08 GMT
Support: 1.6200, 1.6100 and 1.6050/80
Resistance: 1.6450, 1.6500 and 1.6600

GBPUSD daily chart 10-26-2009

USDJPY
Trading strategy: short at 92.50, initial stop at 93.00, objective at 91.70. Adjust stop to breakeven on +30 pips (at 92.20) if reached
The dollar continued to advance higher against the yen, reaching the 92.00/10 resistance region on Friday. Today’s pullback into the 91.50 zone seem corrective and if it extends lower, support will be challenged around 91.00. Intra-day momentum is slightly bearish but may turn positive if the dollar returns above 92.00. Current exchange rate is 91.84 @07:08 GMT
Support: 91.50, 91.00 and 90.00
Resistance: 92.00/10, 92.50/60 and 93.00

USDJPY 4hrs chart 10-26-2009

Have a great day! ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[GBP/USD Limit Sell at 1.6412-October 26, 2009 [Post #28731]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28731#post28731 Mon, 26 Oct 2009 11:21:09 GMT * GBP/USD Limit Sell at 1.6412-October 26, 2009 (http://forexnews84.blogspot.com/2009/10/gbpusd-limit-sell-at-16412-october-26.html) * Image:... GBP/USD Limit Sell at 1.6412-October 26, 2009


The pair fell sharply Friday following a report that showed Britain’s economic slump extended into the third quarter of 2009. Preliminary Gross Domestic Product (GDP) decreased by 0.4% in the third quarter, compared with a decrease of 0.6% in the second quarter.
The Sterling has declined over 400 pips following the release as concerns intensify that the Bank of England will expand its asset purchase program; further diluting the Sterling.


GBP/USD had recovered nearly 1,000 pips since Oct. 13 as markets speculated the Bank of England would not expand its £175 billion asset purchase program. However, with the economy reporting such dire numbers relative to expectations, an expansion of QE measures is back on the table. This should continue to put pressure on the Pound in the near term with rallies likely met by selling pressure.
Looking at the 4hour chart, GBP/USD reached an intraday low at 1.6250 before reversing above 1.6300. Bias is bearish in the near term with rallies seeing capped above 1.6400.
Downward momentum looks quite strong and expect lower prices from here. Look to sell at 1.6410
From current levels 1.6316, the pair finds resistance at 1.6383, followed by 1.6414 (38.2% Fib move from 1.6692 to 1.6249) and 1.6467 (50.0% Fib).
With added Downward pressure, the pair finds initial support from current levels at 1.6250. Following this level, GBP/USD will encounter support at 1.6200 (50.0% Fib from 1.5706 to 1.6692) and 1.6141.
Trading levels in play:
Limit Sell @ 1.6412 Targets: T1 1.6385 – T2 1.6210 Risk 1.6480
* Good Till NY Close After 15 pips profit move stop to entry, take profit at will. Comments will follow if outlook changes. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[EUR/USD Limit Buy at 1.4920 [Post #28730]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28730#post28730 Mon, 26 Oct 2009 11:20:39 GMT * EUR/USD Limit Buy at 1.4920 (http://forexnews84.blogspot.com/2009/10/eurusd-limit-buy-at-14920.html) * Image:... EUR/USD Limit Buy at 1.4920


The pair is steady in the European session on the back of a Chinese report stating Beijing should increase its Euro and Yen holdings in its foreign reserves. This sent the Euro higher to reach a 1.5062 high.
Despite the bullish comments, long Euro momentum seems to be weakening and risks for a correction intensify, however, the pair looks supported above the psychological level of 1.5000.


Ahead, traders will be attentive to corporate earnings and moves in the stock market.
Looking at the 4hour chart, EUR/USD rose to a 1.5062 high, before reversing slightly to trade at 1.5030, currently. Momentum moderated somewhat with bias turning to neutral in the near term.
Although higher levels are viable, a retracement is likely before renewed buying interest resumes; a preferred strategy looks to buy on dips.
Below current levels (1.5030), the pair finds initial support at 1.5000, followed by 1.4950 (50.0% Fib 1.4832 to 1.5059) and 1.4902.
Should the pair rise further on positive sentiment, higher equity and commodity prices, the pair finds initial resistance at 1.5061. Following this level, EUR/USD will encounter further resistance at 1.5090 and 1.5136.
Trading levels in play:
Muted price action. There are no solid trade recommendations at the moment for intraday moves.
Limit Buy @ 1.4920 Targets: T1 1.4948 – T2 1.5090 Risk: 1.4860
* After 15 pips profit move stop to entry, take profit at will. Trade is canceled if it rebounds near entry and moves higher by 20 pips. Comments will follow if outlook changes. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[USD/JPY Limit Buy at 90.78 - October 26, 2009 [Post #28729]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28729#post28729 Mon, 26 Oct 2009 11:19:55 GMT * USD/JPY Limit Buy at 90.78 - October 26, 2009 (http://forexnews84.blogspot.com/2009/10/usdjpy-limit-buy-at-9078-october-26.html) * Image:... USD/JPY Limit Buy at 90.78 - October 26, 2009


The pair continues to be aided by short covering as traders believe the USD/JPY moves overextended themselves to the downside. However, a Chinese report saying Beijing should increase its Euro and Yen holdings in its foreign reserves prompted some investors to sell the pair

The Japanese government has become more outspoken against further Yen strength, stoking speculation of market intervention if moves become one sided. USD/JPY appears to have found a floor for now and traders are expected to support the pair.

Toyota and Honda have expressed their view on the Japanese Yen and noted that if the currency remained or continued to stay at these levels, they would have no choice but to take production overseas.
As Japan relies mostly on international exports, a strong domestic currency has significant impact on a company’s bottom line.
Looking at the 4hour chart, USD/JPY found supply just above the 92.00 level prompting a retracement to a 91.57 low. The major resistance previously noted at 92.00, negated a bigger rally to the 93.00 level for now.
Although prices are expected to head higher from here, one cannot rule out further downside bias before demand builds up again. Preferred strategy looks to buy on dips.
Below current levels (91.77), USD/JPY will encounter initial support at 91.32, followed by 90.80 (61.8% Fib move from 90.09 to 91.91) and 90.47.
Above the 91.77 level, the pair finds resistance at 92.20, 92.54 and 93.00.
Despite recent bullish calls, some currency traders still look for a decline to January lows at the 87.15, on Dollar weakness and speculation of renewed risk aversion. However, USD/JPY may retest the rise above 92.00 before eventually heading lower. Below the January low, they are looking at the 80.00 as a point where the Government would have no choice but to intervene.
TREND

Near Term: Neutral
Medium Term: Neutral
Long Term: Neutral
Trading levels in play:

Limit Buy @ 90.78 Targets: T1 90.98 – T2 91.90 Risk: 89.30
* After 15 pips profit move stop to entry, take profit at will. Trade is canceled if it rebounds near entry and moves higher by 20 pips. Will follow up with comments if outlook changes. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[EUR/USD Outlook – October 26-30 2009 [Post #28718]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28718#post28718 Mon, 26 Oct 2009 04:25:35 GMT * EUR/USD Outlook – October 26-30 2009 (http://forexnews84.blogspot.com/2009/10/eurusd-outlook-october-26-30-2009.html) * *EUR/USD pushed above... EUR/USD Outlook – October 26-30 2009

EUR/USD pushed above the important 1.50 line, but has it run out of fuel? This week features 9 important releases in the Euro-zone, including inflation and unemployment numbers. Here’s an outlook for this week’s events in the Euro-zone, and an updated technical analysis for EUR/USD

EUR/USD forex chart with support and resistance lines marked on it:. Click to enlarge:



Falling prices in Europe, expressed by the German PPI, weighed on the Euro, while Friday’s good PMI figures helped it. Deflation is high on this week’s agenda. Let’s see what events expect us this week:
  1. GfK German Consumer Climate: This survey of 2000 consumers is highly regarded by economists. It has been on the rise in the past four months, reaching 4.3 points last time. It’s expected to rise to 4.5 this time. Published on Monday at 7:00 GMT.
  2. M3 Money Supply: This indicator shows the amount of money in circulation, and is directly correlated with inflation. Growth in money supply has slowed down in the past 6 months, disappointing the markets. Also this time, growth is expected to slow from 2.5% to 2.1% – another sign of deflation. Published on Tuesday at 9:00 GMT.
  3. German Prelim CPI: Speaking of inflation, the continent’s largest economy publishes this early indicator during Wednesday, in all the German states. Deflation is a serious problem in Europe, and only a big rise in prices will push the Euro higher. After falling by 0.4% last time, it’s expected to rise by 0.1% this time.
  4. German Unemployment Change: The German job market has been better than expected in the past 6 months, showing a drop in jobless people in the last three months, as the elections in Germany got closer. Expectations remain pessimistic, and the number of unemployed people is expected to rise by 17K. Published on Thursday at 8:55 GMT.
  5. Consumer Confidence: This consumer survey asks 2300 people about their economic confidence. The score is still negative, expressing general pessimism, but is improving during the year. This time, it’s predicted to rise from -19 to -17. Published on Thursday at 10:00 GMT.
  6. Axel Weber speaks: Axel Weber is the president of the German Bundesbank, and one of the strongest people around Jean-Claude Trichet. His words usually move the markets. He’ll be speaking in Berlin on Thursday at 11:10 GMT.
  7. German Retail Sales: This important economic figure has been going up and down in recent months. After a nice rise of 0.7%, it fell by 1.5% last month. A rise is expected this time, continuing the see-saw behavior. This major economic indicator is published on Friday at 7:00 GMT.
  8. CPI Flash Estimate: After Germany’s Prelim CPI, the initial number for all of Europe is released on Friday, at 10:00 GMT. Deflationary Europe isn’t expected to see a rise in prices also this time. A fifth consecutive fall in prices is predicted also this time, making a rate hike in Europe very futuristic.
  9. Unemployment Rate: The all-European unemployment rate is based on figures from other countries, hat have already been released. Still, this number is important to Europe’s policy makers. Unemployment rate is rising steadily in Europe, edging up 0.1% each month. Also this time, it’s predicted to rise by 0.1%, from 9.6% to 9.7%.
EUR/USD Technical Analysis
Continuing the slow uphill trend, EUR/USD rose by about 170 pips this week. At first, it struggled under 1.50, but on Wednesday, it managed to pass it, and even peak at 1.5060 before closing just above 1.50.
Support and resistance lines haven’t changed from last week’s EUR/USD outlook. Looking up, the 1.5144 support line remains valid. This was a resistance line at the beginning of 2008.
Looking further above, 1.5283 is the next resistance line. It served as a strong support line during last summer, before the Euro collapsed with the global crisis.
Down below, 1.4842 remains a support line, after holding as a resistance line in recent weeks. Further down, 1.4444 worked as a strong resistance line, and is a major support line now. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[GBP/USD Forecast – October 26-30 2009 [Post #28717]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28717#post28717 Mon, 26 Oct 2009 04:24:38 GMT * GBP/USD Forecast – October 26-30 2009 (http://forexnews84.blogspot.com/2009/10/gbpusd-forecast-october-26-30-2009.html) * *After a wild week... GBP/USD Forecast – October 26-30 2009

After a wild week that ended with negative GDP, the Pound shrank with the economy. This week’s Nationwide HPI, CBI Realized Sales and 4 other events will move the Pound. Here’s a review of the upcoming week for the British Pound, and an updated technical analysis for GBP/USD

GBP/USD forex chart with support and resistance lines marked on it. Click to enlarge:


The week began well for the Pound, with hawkish statements from the BoE and high expectations for the end of the recession. The disappointment from the GDP was strongly felt. After being beaten, will the Pound find new fuel? Let’s review the events this week:
  1. Nationwide HPI: This important house price index isn’t the earliest, but it’s quite precise. House prices have been rising in Britain in the past 5 months, showing that this sector is recovering. After a 0.9% rise last month, it’s expected to rise by 0.7% this time. The exact time of publication isn’t known yet. Check out the daily outlooks for the exact timing.
  2. BOE Financial Stability Report: The British economy is stable, but not in a good way. Following last week’s depressing GDP figure, the Bank of England is expected to release this report about the stability of the financial system this week. The exact timing is unknown. A good report will help the Pound.
  3. Adam Posen speaks: Adam Posen is a member of the MPC, responsible for rate decisions. He’s rather dovish, urging the expansion of the QE program, thus weakening the Pound. It will be interesting to watch his words quite early in the week – Monday at 6:35 GMT.
  4. CBI Realized Sales: The Confederation of British Industry surveys both retailers and wholesalers when composing this important sales indicators. For the first time in 6 months, this figure was positive last time at 3 points, indicating a higher sales volume. The positive trend is expected to continue, with 6 points this time. Published on Tuesday 11:00 GMT.
  5. Net Lending to Individuals: When consumers are more optimistic and confident, they borrow more and spend more. After dipping August’s release, consumers have increased lending last month, at a net rate of 0.7 billion. This number is expected to repeat itself this time. Published on Thursday at 9:30 GMT.
  6. GfK Consumer Confidence: This survey of 2000 consumers has shown pessimism in the past three years or so. The trend is positive though, with -16 last time, the highest in 20 months. It’s expected to edge higher this time, and rise to -14. Published on Friday, just after midnight.
GBP/USD Technical Analysis
The Pound continued the comeback at the beginning of the week, stopping to rest at 1.65. It then continued higher, even passing the mighty 1.6660 resistance line just before the GDP release on Friday morning. A sharp fall sent it down to close at 1.6301. Quite a drama.
Support and resistance lines haven’t changed since last week’s GBP/USD outlook. 1.6660 still serves as a strong resistance line, serving as such during the summer and at the height of the crisis last year. Above that, 1.7042 is the peak that GBP/USD reached when it managed to pass 1.6660. It probably won’t be approached soon.
Looking down, 1.6110 served as a resistance line during the latest comeback of the Pound. Below that, 1.5720 is a very strong resistance line. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[AUD/USD Forecast – October 26-30 2009 [Post #28716]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28716#post28716 Mon, 26 Oct 2009 04:23:37 GMT * AUD/USD Forecast – October 26-30 2009 (http://forexnews84.blogspot.com/2009/10/audusd-forecast-october-26-30-2009.html) * *AUD/USD finished... AUD/USD Forecast – October 26-30 2009

AUD/USD finished the week a little bit higher, and tested new ground. This week’s inflation figures and 5 other indicators will shape the direction of the Aussie. Here’s an outlook for the events that will move the Aussie, and an updated technical analysis for AUD/USD

AUD/USD forex chart, with support and resistance lines marked on it. Click to enlarge:


The hawkish words from the meeting minutes helped the Aussie. This was the meeting that decided to raise the rates. Which country will follow Australia? while the weaker than expected Chinese growth hurt the Aussie. Will this week’s inflation figures support another rate hike? Let’s see what’s up this week:
  1. NAB Quarterly Business Confidence: Publication time is still unknown – it was delayed for two weeks. Contrary to other Australian figures, this one has been negative in the past 6 months, with -4 last time. Expectations for improving conditions are expected this time – a positive number.
  2. PPI: Producer Price Index has been soft in the past two quarters- negative and falling below expectations. Despite these figures, the RBA raised the rates. This quarter, PPI is expected to rise by 0.3%. A higher number would push for more rate hikes. Published on Monday at 00:30 GMT.
  3. CPI: Completing Monday’s PPI, Consumer Price Index will be released on Wednesday, at 00:30 GMT. Here, prices have rise in the past two quarters, with 0.5% last time. Prices are expected to accelerate, and rise by 0.9% this quarter. This is the most important publication of this week. The Aussie will shake during this release. Together with the CPI, the accompanying figure, Trimmed Mean CPI (Core CPI in other countries) is expected to rise by 0.8%, exactly like the previous quarter.
  4. Malcolm Edey speaks: RBA Assistant Governor Edey is going to talk about current affairs on Wednesday at 1:00 GMT. In previous public appearances, Edey has been very cautious on recovery. Now, after the rate hike, will he express more optimism? Strong words will move the markets.
  5. CB Leading Index: This is a composite index made of 7 economic indicators. Although it’s a late index that is made out of data that has already been released, it sometimes surprises. In the past two months, it has risen nicely (0.7% last time), but previous data has been revised downwards. Published on Wednesday at 23:00 GMT.
  6. HIA New Home Sales: The Housing Industry Association publishes this monthly number of new home sales on sometime during Thursday. After two months of stability, this index rose by 11.4% last month, indicating an acceleration also in the housing industry.
  7. Private Sector Credit: This is one of Australia’s most stable indicators. Its moves are very small. In the past three months, borrowing has risen very modestly. Expectations for the current release are modest as well – a rise of 0.2%. Will private borrowing jump as well? Published on Friday at 00:30 GMT.
AUD/USD Technical Analysis
The Aussie began the week with renewed strength, regaining the losses and even passing the 0.9290 resistance line. It went as high as 0.9327, but closed much lower, at 0.9222.


I’m leaving the 0.9290 minor resistance line fromlast week’s AUD/USD outlook. Above that, 0.9346 served as a minor resistance line in the summer of 2008, and also stopped the Aussie’s ride this week.
A major resistance line appears at 0.95, a round number that has been tested in the past.


Looking down, 0.9090 is a rather strong support line, serving as a support and resistance line recently. Below that, 0.8950 was a line that the Aussie bounced on before climbing to the current levels.
My bullish sentiment continues for the Aussie. This week’s inflation numbers should help the Aussie rise towards parity. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[USD/CAD Forecast - October 26-30 2009 [Post #28715]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28715#post28715 Mon, 26 Oct 2009 04:21:07 GMT * USD/CAD Forecast - October 26-30 2009 (http://forexnews84.blogspot.com/2009/10/usdcad-forecast-october-26-30-2009.html) * * Here’s an... USD/CAD Forecast - October 26-30 2009




Here’s an outlook for this week’s events in Canada, and an updated technical analysis for USD/CAD.

Apart from the rate decision,retail sales were better than expected last week. That wasn’t enough. Let’s review the events in the Canada this week – note the one that closes the week:


  1. Mark Carney talks I: The governor of the Bank of Canada will speak this week in three separate occasions. After the dovish rate statement that hurt the Canadian dollar, Carney can move the loonie both ways. He’ll first speak in Montreal about financial regulation on Monday at 13:10 GMT. If he won’t speak about the topic, the Canadian dollar will move.
  2. Mark Carney talks II, III: The second speech is the most important one: Carney will testify in front of the Standing Committee on Finance in parliament. The subject is last week’s Monetary Policy Report that hurt the loonie. This will take place on Tuesday at from 15:00 GMT, and will take a long time. The third speech continues the second one, and will happen on Wednesday at 20:00 GMT. He’ll appear again with deputy governor Paul Jenkins in front of the same committee.
  3. RMPI: The Raw Materials Price Index is important for Canada’s commodity oriented economy. Raw materials rose by 3.7% last time, and fell in the same scale beforehand. This time, a steady rise of 1.1% is expected. This could be higher due to the recent rise in oil prices, which impacts all raw materials.
  4. GDP: Canada’s monthly GDP release is due on Friday at 12:30 GMT. The long months of contraction stopped two months ago with a rise of 0.1% in the GDP. Last time, the economy stalled. It’s expected to rise this time by 0.1%. Data refers to August. This is the most important event of the week. Any outcome will move the Canadian dollar.
USD/CAD Technical Analysis
The Canadian dollar began the week by strengthening: USD/CAD went as low as 1.0270. The dovish statement sent it flying high, initially stopping at 1.0528, before peaking at 1.0580. It closed at 1.0534, gaining about 150 pips.
In last week’s USD/CAD outlook, I’ve mentioned the 1.0435 line. After being broken during the week several times, it’s gone now. 1.02 remains a stronghold. It was the lowest point this year. Below that, parity is awaiting the pair, but it’s not so near now.
Looking up, 1.0625 serves as a resistance line, after being a support line in recent months. Further above, 1.08 is in the distance.
I continue to be bearish on USD/CAD, despite the recent blow. The Canadian economy is steadily recovering. I believe that this week’s GDP release will help the Canadian dollar. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Trade Like A Professional [Post #28693]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28693#post28693 Sun, 25 Oct 2009 10:23:34 GMT *Trade Like A Professional (http://forexnews84.blogspot.com/2009/10/trade-like-professional.html)* The most successful floor traders are those... Trade Like A Professional


The most successful floor traders are those that have the most experiance, this is no coincidence at all and should be a pointer for those who aspire to become a good trader. Forex trading can be likened to being a sportsman, such as a golf pro or tennis champion, you need to be trained and in good physical shape. Skills are needed which must be developed over time and practiced until they become 2nd nature. If you want to learn how to day trade you must be prepared to put in the effort. Here are some of the key skills that you must develop as a trader.
1. Technical analysis can be used for futures as well as the more standard stocks, options and bonds that most people trade. This can give you a large edge over other traders who have not taken the time to study the charts support and resistance areas, trendline and patterns. Learning technical analysis is really a must do if you want to trade futures successfully.
2. This is a very basic point but is very important, always have your trading plan prepared before you enter a trade, never try and create it on the fly, you will be much too emotional. Make sure that you have both an entry and exit point in your plan.
3. Keep your losses small!, this is the one thing that every trader must do if they want to stay in the game for a long time. By doing this you will preserve your capital allowing you to trade another day. Your small wins will compensate your small losses allowing your big wins to give you an overall profit
4. Over trading is a big mistake that a lot of amateurs make. Professionals tend to be more patient and wait for the better opportunities to come along, this is called cherry picking and takes both patience and discipline. These are essential skills that you must develop.
5. This is a big day trading tip, it is important that you track all your trades and review them to see where you are making the mistakes. This is hard work, but this is what separates the professionals from the amateurs. Unless you do this you will keep on making the same mistakes. The best way to do this is to keep both a daily and weekly log.
6. Only trade when you are both physically and mentally prepared. This is often overlooked but is very important. Do you think a tennis star can win a game when they are tired and mentally not focused?, it’s unlikely. Being prepared means getting a good nights sleep, having your trading station and charts well prepared before the market opens, taking the time each and every day to review your trading plan and rules. Finally you must have the mental frame of mind and confidence that you are going to be successful today in your trading.
7. If you are new to trading futures take the time to paper trade until you are very confident that you are going to make money. You will know when you are ready because you will start to hate paper trading knowing that you could be making real money profits on a consistent basis.
Remember that the markets only trend for about 20-35% of the time, the rest is either sideways or very choppy, if you want to do trend trading to win you must be fully prepared when the opportunities arise. ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Earn $1,000s a Day with Forex Trading! [Post #28692]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28692#post28692 Sun, 25 Oct 2009 10:21:30 GMT The Forex Trading industry has experienced tremendous growth over the past few years. If you are new to the world of investing the Forex is the... The Forex Trading industry has experienced tremendous growth over the past few years. If you are new to the world of investing the Forex is the global market where the trading of the various currencies from nations all over the world takes place. Just as the New York Stock Exchange and NASDAQ investors feverishly trade stocks on a daily bases, investors in the foreign exchange market known as the Forex, trade currency.
Forex Trading is typically carried out through a broker. Unlike NYSE the Forex market runs non-stop 24 hours per day 5 days a week. Foreign currencies are sold across local and global markets and it flows as one continuous action where currencies are bought and sold constantly. What’s so unique about the foreign exchange market is that the market reacts almost instantly based upon real time events. This is what makes the market so volatile and an investors value fluctuate so quickly.
As an investor trading in the Forex requires excellent timing skills as the main objective is to profit through the trading of the many currencies based upon the constant movements in the market. Forex trading is always done in pairs and the investors profit is dependent upon the increase or decrease in value of the two currencies involved. Say an investor purchased 100 Euros and the rate at the time of purchase was 1.075, the investor would pay $107.50 US but then two hours later some bad economic news hit the European market causing the devalue of the Euro thus changing the rate to .75 the investors investment value has now dropped from $107.50 US to $75 US. In Forex Trading the “rate” is short for the “Forex Rate” and this rate is calculated between which ever two currencies are being traded.
Investors are attracted to the Forex Trading market due to the many opportunities to make high profit trades continually throughout the day. Another positive is that there are a lot of opportunities to make zero commission trades with short term Forex Trading. Investors also love the volatile nature of the Forex market as this opens the door to make high profit trades very quickly. The Forex is traded through a broker and over the years the capital that was needed to enter the market has dropped so low that many small time investors now have the opportunity to trade the Forex. The fact that the Forex is open 24 hours a day allows for a greater number of investors to trade on the foreign exchange market.
The Forex market is based mostly upon speculation as opposed to other types of investments. What this simply means is that with Forex Trading the investor is purchasing a particular currency for the sole purpose of trading that currency in hopes of obtaining a profit, there is no real intent on taking possession of the currency purchased. Investments such as purchasing real estate the investor is still buying on speculation of increasing the value of his investment, however the investment is typically more long term and the investor intends on taking possession.
Analyst are constantly trying to forecast the behavior of the foreign exchange market and there are two basic approaches to this. You will find some traders in the market taking the technical analysis approach while others will follow more of a fundamental approach to predict price movements. However, the most successful Forex traders will combine the two which helps in long term and short term market predictions. Analyzing the Forex markets and its movements is big business in the US as many people will pay to receive top rated advice.
The Forex trader may analyze the market in a number of ways hoping to be able to predict the movements in the market. Some traders will focus on the fundamentals of the market and that just means that they are basing their trades on what is currently taking place in the economies around the world. Another popular method for analyzing the market is the technical approach and this is where an investor will study the history of the market through the use of graphs that map out the past movements.
The introduction of the Forex Trading Robot has really opened the doors to many new investors that would have otherwise never considered the Forex Trading market. As a result of the advancements in technology the accuracy of this type of artificial intelligence exceeds that of the majority of traders. Most investors stayed away from the Forex due to its fast past and the requirement of a large cash investment. However, more people are drawn to Forex Trading in the recent years due to the lower cash requirements and the potentially large profits from utilizing the advanced Forex robots.


Learn Forex Trading With These Top Forex Tips And Strategies ]]> FOREX and Foreign Exchanges forexnews84 <![CDATA[Managed Forex introducing brokers IB [Post #28615]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28615#post28615 Fri, 23 Oct 2009 15:36:39 GMT Image: http://www.forexportfolios.com/images/logo.bmp Managed Forex introducing brokers Managed Forex IB Compensation How introducing...

Managed Forex introducing brokers




Managed Forex IB Compensation
How introducing brokers get paid for managed account business

The diagram below shows how managed forex IB's get compensated for the managed account assets they raise.




When an IB convinces a customer to open a managed account, the customer first opens a regular forex account and the money manager is given limited power of attorney to trade the customer's account via a specialized money management and accounting software from the forex brokerage firm.

As a result, the managed IB's compensation consists of a percentage of the monthly profits obtained by the forex manager and a rebate or commission from the transactions that are generated in the client's account by the money manager.

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Managed Forex Accounts


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Frank Gollier
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]]> FOREX and Foreign Exchanges forexportfolios