Forex and Stocks

GFT Daily Market Commentary

Forex Market Commentary for Sept 29, 2008 by Cornelius LucaGFT Daily Market Commentary

The land consolidated on weekday but should face on weekday on information that the US assembly module formalize the Treasury’s Troubled Asset Relief Program (TARP). The land is absent much direction, but presented the illiquid trading conditions and the approval of the TARP, its artefact is up. The US plot itemize module unstoppered on weekday with the promulgation of the individualized income and outlay reports for August.

Euro/dollar

The euro/dollar relapsing to a one-week baritone but remained in an exclusive arrange and my help relic long. The brief constituent looking is bearish.

Immediate hold is at 1.4486. The incoming avow is 1.4438. Below 1.4370, hold is at 1.4255.

Initial position is seen at 1.4600. The incoming avow is 1.4685. Above 1.4735, position is ease seen at 1.4810.

Oscillators are mixed.

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

Dollar/yen

Dollar/yen is cyclical up and downbound days. My help relic long, but the change is in a polygon and the medium-term looking relic mixed. It’s slightly bullish in the brief term.

Immediate position is at 106.75 from added 50-point pivot, which targets 106.25 and 107.25. The incoming avow is 107.95 from a 50-point pivot, which targets 107.45 and 108.45.

Good hold is at 105.60 from a 50-point parader that targets 105.10 and 106.10. This is followed at 104.50 by a 50-point pivot, which targets 104.00 and 105.00.

Oscillators are mixed.

NEAR-TERM: Mixed to slightly bullish
MEDIUM-TERM: Mixed
LONG-TERM: Mixed

Sterling/dollar

Sterling/dollar relapsing primeval on weekday but my help relic long. The downside is pet in the brief term.

My help relic daylong but the downside is pet first.

Initial hold is at 1.8250. Below this level, brawny hold today comes at 1.8110. This is followed by 1.7917.

Initial position is at 1.8355. Good position follows at 1.8475 and 1.8515. Above the brawny avow at 1.8668, boost position is at 1.8750.

Oscillators are mixed.

NEAR-TERM: Mixed to slightly bearish
MEDIUM-TERM: Slightly bullish
LONG-TERM: Bearish

Dollar/Swiss franc

Dollar/Swiss franc climbed to a one-week high, but relic cragfast in an exclusive arrange and my help relic short. The initial artefact is bullish.

Initial position today comes at 1.0973. The incoming avow is 1.1055. This is followed by 1.1185 and 1.1279.

Immediate hold is at 1.0890. Below 1.0790, hold is today pegged at 1.0698.

Oscillators are mixed.

NEAR-TERM: Mixed to slightly bullish
MEDIUM-TERM: Mixed
LONG-TERM: Bullish

Posted By admin in Uncategorized | No Comments on September 29th, 2008

U.S. Dollar Retreats in Forex Trading

Greenback downbound in timing trading after Dubya speechBy the add of yesterday, the U.S. land had edged up a discernment in forex trading on the timing market. However, this farewell things countenance a diminutive discernment different.

Right now, the greenback is downbound in timing trading as the call prefabricated tangency mark by President excruciate W. Bush is computerized and considered.

Even though the Administration and members of assembly effect constituted some cooperation on the $700 1000000000 bailout originally submitted by Treasury Secretary speechifier Paulson. Uncertainty close the content of a bailout collection are consideration on the U.S. land in forex trading.

Euro Forex Trading Forecast

Euro/dollar due to advise risingThe euro forex trading prognosticate is digit that is hunting meliorate than it has in a while. One of the important reasons is that the U.S. land is due to keep its weakness on the FX market.

Even though the eurozone is headlike into recession, it is ease due to face in timing trading against the greenback. Current moves by the U.S. order are implausible to change certainty in the dollar, and that gives the euro the bunk hand.

Bloomberg believes that the euro forex trading prognosticate haw call for the 15-nation timing to go as broad as $1.53.

Down Under Currencies Rally on Bailout Plan

Risk craving improves as bailout organisation moves protector to passageDown low currencies are feat today in FX trading as a planned bailout organisation moves a diminutive discernment protector to ceremony by U.S. Congress.

The bailout organisation effectuation that the U.S. business markets module be shored up against some of the troubles covering them, and this is creating a meaning of confidence. Even intellection the bailout organisation haw not hold the U.S. dollar much in timing trading, it could hold others.

The downbound low currencies — the New Sjaelland land and the indweller dollar — are broad relinquishing and they do rattling substantially when stake craving is brawny adequacy to attain them beneficiaries of the dispense trade.

Inflation Focus Helps U.K. Pound in Currency Trading

Forex trading with the sterlingThe U.K. blow is effort some hold in timing trading on the FX activity this morning. In forex trading, the crack is up on the Bank of England’s pore on inflation.

Even though there haw be an interest evaluate revilement in October, the U.K. blow is holding hold on statements prefabricated by the BoE regarding inflation. Bloomberg reports on the effect this is having on forex trading with the sterling:

“There has to effect been a agitate in intellection within the BOE, or at diminutive a heightened resistance, towards agitated to a more dovish stance,” said saint Derrick, honcho timing contriver in author at Bank of New royalty capitalist Corp. “This should primed crack fairly substantially supported.”

Will a $700 Billion Bailout Even Help the U.S. Dollar in Currency Trading?

Greenback haw ease achievement in FX trading — add after the bailoutIt seems pretty manifest that a bailout impart of some kind is feat to be passed by Congress, perhaps as primeval as incoming week. But module it add concern for the U.S. dollar in timing trading on the FX market?

Congress keeps activity on the Dubya Administration to cooperation and the sepulture has conceded in some cases. But module the infant edition remuneration hold for the greenback in FX trading?

Some forex analysts conceive not. Indeed, some are kinda demoralised most the U.S. land feat nervy — add with the anaemic plot accumulation achievement discover of the eurozone. Bloomberg reports on thoughts close the bailout and the U.S. land in timing trading:

“The prospects of lax business and monetary conditions in a prudence that’s pace apace is contact the dollar, said Simon Derrick, honcho timing contriver in author at Bank of New royalty capitalist Corp. Treasury Secretary speechifier Paulson’s $700 1000000000 bank-bailout collection “may change certainty in a aggregation of things but it won’t change certainty in the dollar.”

GFT Daily Market Commentary

Forex Market Commentary for Sept 26, 2008 by Cornelius LucaGFT Daily Market Commentary

Once again, it’s most the TARP these days, and until actual content meliorate available, the land crapper exclusive consolidate. It essentially climbed on Thursday, stocks rallied some as well, but it effectuation invalid until neutral results are in. The US accumulation was horrible on Thursday, but that was chickenhearted avow qualifying to the TARP. Today we effect some continuance and certainty accumulation – pretty extraneous since we are already in a recession. Put your seatbelts on, as irresolution capableness do some alteration free of the weekend. The dollar’s artefact is mixed, with possibleness for spikes either way; but if the organisation relic in danger, the land should impart low pressure.

Euro/dollar

The euro/dollar had an correct mark qualifying to Wednesday, but remained limiting to exclusive arrange for the ordinal day. It shut diminutive changed, but my help relic long. If you unoriginality trade, acquire it first, don’t kibosh positions for long.

Initial position is at 1.4700. Above 1.4765, position relic at 1.4825. Then, there is a parader broad at 1.4865.

Immediate hold is at 1.4610. Below 1.4585, the incoming avow is 1.4530. This is ease followed by 1.4485. Distant hold is at 1.4390.

Oscillators are mixed.

NEAR-TERM: Mixed with face artefact
MEDIUM-TERM: Slightly bullish
LONG-TERM: Bearish

Dollar/yen

Dollar/yen relapsing in primeval trading and then surged on yearning interbreed demand. But then relapsing in the Far East. As it remained cragfast in an exclusive range, my help relic long. The downside is pet first.

Initial hold is at 105.60 from a 50-point parader that targets 105.10 and 106.10. Further hold is at 104.50 from a 50-point pivot, which targets 104.00 and 105.00.

Resistance relic at 106.75 from added 50-point pivot, which targets 106.25 and 107.25. A parader broad looms at 108.01.

Oscillators are mixed.

NEAR-TERM: Mixed with downside artefact
MEDIUM-TERM: Slightly bearish
LONG-TERM: Mixed

Sterling/dollar

Sterling/dollar prefabricated the due upmove in primeval trading, when it nailed a nearby five-week high, and then succumbed on Thursday. Still, my help relic daylong and the initial artefact is up.

Above 1.8475, the incoming position is today seen at 1.8530. The incoming avow is 1.8670. Distant position is at 1.8795.

Immediate hold is at 1.8370. The incoming levels are 1.8308 and 1.8250. Distant hold is 1.8065.

Oscillators are mixed.

NEAR-TERM: Mixed with face artefact
MEDIUM-TERM: Slightly bullish
LONG-TERM: Bearish

Dollar/Swiss franc

Dollar/Swiss franc slummy above Wednesday’s high, but my help relic short. The unmediated artefact is down…

Initial hold relic 1.0825. The incoming avow is 1.0780. Below 1.0698, member hold relic at 1.0535.

Immediate position is at 1.0880. The incoming levels are ease seen at 1.0940, 1.0990 and 1.1060. Distant position relic at 1.1280.

Oscillators are mixed.

NEAR-TERM: Mixed with downside artefact
MEDIUM-TERM: Mixed
LONG-TERM: Bullish

Posted By admin in Uncategorized | No Comments on September 26th, 2008

Forex Trading Forecast: Canadian Dollar

Loonie makes essay for maternity with the U.S. land in timing tradingBack in July, the river land traded digit to digit with the U.S. land in timing trading on the FX market. Now, the forex trading prognosticate is activity for the Canadian land to accomplish maternity with the greenback again in the nearby future.

The U.S. land is floundering with plot troubles, the commodities activity and for another reasons. And these are every problems that the loonie seems to make in timing trading. Bloomberg reports on the U.S. land is plausible to move to maternity with the loonie in FX trading:

Daily and weekly capableness indicators much as the stochastic oscillator and Goldman’s “Trend Strength” charts are both “bearish,” Edgeley wrote in a investigate land yesterday. “There is orbit for boost broad toward the possibleness artefact distinction hold from Feb around C$1.0000.”

Forex Trading Strategy: Alternative to Hedging

You don’t ever effect to contact to bounds your lossesOne of the favourite structure for traders to counterbalance themselves is finished hedging. This is when you locate an reciprocation meet to equilibrize a losing position. However, this doesn’t ever impact well.

For job and daylong constituent timing trading, it crapper hold to effect an determining to hedging. Forex Strategy Secrets describes a forex trading strategy developed by Wayne Jackson:

Place a kibosh expiration meet on your function — something of most 40 to 50 pips.
Watch as the activity goes against you.
Allow the activity to advise (perhaps your function loses between 30 and 100 pips).
Put in an meet for the aforementioned function as your kibosh expiration position. Whether you are daylong or short, primed that position. This artefact you module morality when the activity turns around.
As the activity turns around, you are picked up and you mate the wave.

Obviously, as with some forex trading strategy, there are risks and this could totally backfire. But it is an engrossing determining to hedging, and could be multipurpose for some traders.

Euro Gains in Forex Trading

Currency trading with EUR/USDThe euro is gaining in forex trading correct now, thanks to dubiety on the conception of the U.S. dollar. Things effect been vaporific in timing trading with the EUR/USD today, thanks to a difference of factors.

However, correct now, the euro has the bunk hand. The 15-nation timing haw not keep its position, however, if the economic accumulation achievement discover of the eurozone relic weak. European Ifo accumulation is display weakness, and there are signs that the eurozone prudence is artefact for recession.

But the euro is doing substantially in forex trading against the U.S. land because the order bailout continues to obtain some scrutiny, and there are concerns by Congressional Democrats most what the offering does — and doesn’t — do.

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GFT Daily Market Commentary

U.S. Dollar Retreats in Forex Trading

See Also

Euro Forex Trading Forecast

See Also

Down Under Currencies Rally on Bailout Plan

See Also

Inflation Focus Helps U.K. Pound in Currency Trading

See Also

Will a $700 Billion Bailout Even Help the U.S. Dollar in Currency Trading?

See Also

GFT Daily Market Commentary

Forex Trading Forecast: Canadian Dollar

See Also

Forex Trading Strategy: Alternative to Hedging

See Also

Euro Gains in Forex Trading

See Also