FXstreet.com

This report has been deactivated

4

0

FX Levels for Today. July 9, 2009

Thu, Jul 9 2009, 05:31 GMT
by Abdul Khan

Income Generation Strategies


Overview

Another move back into safety overnight as we saw the Yen and USD firm, while the AUD and commodities weakened. With the Yen crosses coming off considerably, you have to start thinking about the BOJ maybe stepping in here somewhere.

With US reporting season starting this week, the stock market's movements suggest a "sell the rumour-buy the fact" approach. We could see firmer stocks later in the week.  

The buyers finally ran out of patience with Gold pushing the metal below its recent lows around 915 as the inflation story became rather deflated, hehe.

For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.

Data for Today

UK: BOE Meeting

US: Weekly Jobless

Trades for Today

GBP: Buy a abreak above 1.6130

Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:

http://twitter.com/forexplus


Archive

Income Generation Strategies  | Level 26, Waterfront Pl. 1 Eagle Street, Brisbane, Qld. 4001
http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au

Legal disclaimer and risk disclosure

- All opinions and materials provided on our website and in our e-communications are provided by appropriately licensed individuals where financial advice may be deemed to have been given. Incomegenerationstrategy.com is an e-portal to our contributors and as such does not provide financial advice in its own right. We will always mark information according to the contributing alliance partner and you are welcome to check the bona fides of any of our contributors directly with their parent companies or at www.asic.gov.au. Incomegenerationstrategy.com is solely focused on developing, arranging and promoting products and events and does not hold a proper authority. This website does not operate under the auspices of an ASIC license and incomegenerationstrategy.com does not provide financial advice at any time. Any communications that may be construed as such are provided solely by our contributors.

Related reports

Daily Global Commentary - Partisan Bickering is not the Solution for Fostering Economic Growth by Northern Trust
Sun, Nov 22 2009, 22:24 GMT

U.S. Forex Market Commentary by GCI
Sun, Nov 22 2009, 22:11 GMT

Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT

Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT

Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT

indicator, usd, fundnew, usdjpy

View All

Related content

Forex: Dollar slightly up despite gold
FXstreet.com | Sun, Nov 22 2009, 23:31 GMT

Forex: USD/JPY retreats to 88.85 after hitting intra-day high at 89.15
FXstreet.com | Fri, Nov 20 2009, 17:43 GMT

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:29 GMT

US Regional and State Unemployment Rates for Oct-STATS
Dow Jones | Fri, Nov 20 2009, 15:21 GMT

Forex: USD/JPY rises to 89.13, fresh intra-day high
FXstreet.com | Fri, Nov 20 2009, 15:02 GMT

indicator, usd, fundnew, usdjpy

View All

Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Alpari (UK) Limited
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.