日本語
Español
中文
Русский 
- New York 12:25
- London 17:25
- Barcelona 18:25
- Tokyo 02:25
- Sydney 04:25
Daily FX Report
0
0
Fed's Engineering
Fri, Sep 12 2008, 09:51 GMT
by Varengold Bank Research Team
Varengold Wertpapierhandelsbank AG
Good morning from wonderful Hamburg. Regarding the strong Hurricane “Ike” 95% of the offshore platform were shut down. Until now it didn’t influence the price of WTI oil. Anyway we wish you a nice weekend and a successful trading at the last week-session.
Market review
The Washington Post report that US Treasury and Fed are engineering trough a consortium of private firms for a sale of Lehman Brothers, while a lot of traders became nervous about more volatile price actions before Japan’s long weekend. EUR/JPY is little down to 150.00 after touching its lowest level since Aug 2006 yesterday at 147.52. The EUR/USD is back to 1.4003 after its 1-year low at 1.3882 yesterday. The USD/JPY is nearly unchanged trading at 107.15. Against the expectations the July retail sales of New Zealand was going down 0.8%. But July actual retail sales are up 2.5% yr/yr, while the market expected a 1.9% increase. The NZD/USD is up to 0.6531 after touching its 2-year low of 0.6433 yesterday. Bad dept charges for top banks of Australia are expected to rise above A$7 billion this year, as more borrowers try to repay loans and asset values fall as the economy slows. Big banks of Australia have been mostly unscathed by the first year of the global credit crisis unlike others. But as the slump enters its second year, they advise against profits could slide on mounting credit-related losses. Anyway the AUD/USD has been trading little down with a day low of 0.8006 after touching its 13-month low at 0.7896 yesterday.
USD/JPY
As the USD/JPY began to trade out of its horizontal trend channel there was a lot of expectations for more rising movements, but now the currency pair has shown a comeback after breaking trough the 108.49 level. If the old resistance level is strong enough we could assume more short potential with a support level at 103.93.
GBP/USD
Since the middle of July the GBP/USD has been trading in a strong bearish phase with three Fibonacci support and resistance lines. There are two touches with the upper channel in August and two with the lower in September. If the market breaks trough the lower support level we might expect more bearish movements.
Published on Fri, Sep 12 2008, 09:55 GMT
Archive
- The AUD/JPY fell to 81.85 and the NZD/JPY fell to 64.80
Published On Tue, Nov 24 2009, 11:04 GMT - The USD/JPY trades near flat of around 88.82 after opening at 88.84
Published On Mon, Nov 23 2009, 10:10 GMT - Investors and economists don't expect an interest rate change by the Federal Reserve
Published On Fri, Nov 20 2009, 10:32 GMT - The EUR fell also against the JPY as it reached the low at 132.80
Published On Thu, Nov 19 2009, 10:13 GMT - During November, the GBPUSD has been moving along the Andrws' Pitchfork
Published On Wed, Nov 18 2009, 10:01 GMT
Varengold Wertpapierhandelsbank AG
| Große Elbstraße 27, 22767 Hamburg
http://www.varengold.de/ | info@varengold.de
Legal disclaimer and risk disclosure
This document is issued and approved by Varengold WPH Bank AG. The document is only intended for market counterparties and intermediate customers who are expected to make their own investment decisions without undue reliance on the information set out within the document. It may not be reproduced or further distributed, in whole or in part, for any purpose. Due to international laws/regulations not all financial instruments/services may be available to all clients. You should have informed yourself about and observe any such restrictions when considering a potential investment decision. This electronic communication and its contents are intended for the recipient only and may contain confidential, non public and/or privileged information. If you have received this electronic communication in error, please advise the sender immediately, and delete it from your system (if permitted by law). Varengold does not warrant the accuracy, completeness or correctness of any information herein or the appropriateness of any transaction. Nothing herein shall be construed as a recommendation or solicitation to purchase or sell any financial product. This communication is for informational purposes only. Any market or other views expressed herein are those of the sender only as of the date indicated and not of Varengold. Varengold reserves the right to consider any order sent electronically as not received unless it is confirmed verbally or through other means.Related reports
Fundamental Currencies Comments - The yen and dollar strengthened by ecPulse.com
Tue, Nov 24 2009, 16:03 GMT
Forex Technical Report - Stock Markets Flat to Higher Ahead of U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:51 GMT
Forex Technical Report - Forex Traders Await U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:50 GMT
Daily Market Report - Indications that the Euro's rally could be running out of some steam by Wells Fargo Investments, LLC
Tue, Nov 24 2009, 14:47 GMT
Interest Rate Monitor - Bonds fail to make headway on latest banking crisis by Interactive Brokers LLC
Tue, Nov 24 2009, 14:36 GMT
audusd, eurusd, eurjpy, nzdusd, usdjpy
View AllRelated content
CURRENCIES: Dollar Gets Boost From U.S. Economic Data
Dow Jones | Tue, Nov 24 2009, 16:30 GMT
Forex: USD/JPY: Greenback finds resistance at 88.60
FXstreet.com | Tue, Nov 24 2009, 15:44 GMT
Forex: EUR/USD falls from intra-day high to levels below 1.4950
FXstreet.com | Tue, Nov 24 2009, 15:30 GMT
2nd UPDATE: Asian Shrs End Lower; Shanghai Stocks Tank 3.5%
Dow Jones | Tue, Nov 24 2009, 15:25 GMT
UPDATE: US 3Q GDP Revised Down To +2.8% From +3.5%
Dow Jones | Tue, Nov 24 2009, 15:20 GMT
audusd, eurusd, eurjpy, nzdusd, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.