Market Opinion
This report has been deactivated

4

0
Dow Stages Late Session Rally
Tue, Nov 18 2008, 22:00 GMT
by James Whyte
ForexAmericas
Market View for November 19, 2008
The Dow staged a late session rally to close up 151 points, after showing triple digit gains then losses earlier in the session. The rally was led by tech stocks after HP forecast strong 4th quarter earnings. Energy stocks were also higher, although oil was down once again. Financials were mixed, with Citigroup once again losing 7%. The Nikkei was down 2%, but European stocks ended up about 1%. The focus after hours is on the senate hearings for the big 3 automakers, and whether or not they can get any help from the U.S. government. The fickle currency markets are once again closely following the equity markets.
EUR/USD:
Euro fell in NY after retesting a resistance line, which now comes in at 1.2678. We are looking to sell ahead of that line with a tight stop at 1.2705.
USD/JPY:
Dollar Yen kept a fairly tight range of 96.30-97.40. We look play this range for now.
GBP/USD:
Sterling tested 1.5095 in early London before breaking the 1.4970 old resistance on the downside to test 1.4890. On the back of the Dow rally, cable could retest the high 1.50’s, and we look to 1.5100 to cap it for now.
AUD/USD:
Aussie rose and fell and rose with the Dow, climbing 100 pips in the last hour of trading. .6600 resistance remains intact for now.
Published on
Tue, Nov 18 2008, 22:02 GMT
Archive
- Euro falls following Trichet's comments.
Published On Fri, Mar 6 2009, 04:59 GMT
- U.S. Dollar advances vs. Yen.
Published On Thu, Mar 5 2009, 04:54 GMT
- Dow dips to 12-year lows.
Published On Tue, Mar 3 2009, 06:29 GMT
- Dollar index climbs to new highs.
Published On Sat, Feb 28 2009, 00:49 GMT
- Dollar near 3-month highs.
Published On Mon, Feb 23 2009, 22:50 GMT
[ View All ]
ForexAmericas
| 5141 Cheryl Drive Huntington Beach, CA 92649
http://www.forexamericas.com/ | info@forexamericas.com
Legal disclaimer and risk disclosure
Any opinions, news, research, analyses, prices, or other information contained on this website or in our newsletters is provided as general market commentary, and does not necessarily constitute investment advice. The ForexAmericas, JW Corp., its affiliates and agents 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.
Related reports
Market Thoughts - 24/11/2009 - The Current Market Sentiment 2 by FX Recommends
Tue, Nov 24 2009, 13:51 GMT
Technical Major Currencies Report - Technical Major Currencies MiddayReport by ecPulse.com
Tue, Nov 24 2009, 13:15 GMT
Commodities Daily - Commodities rallied yesterday but have generally fallen back this morning by Danske Bank A/S
Tue, Nov 24 2009, 13:03 GMT
The best pair to trade now - USD/CHF: Buying chances by FXstreet.com Independent Analyst Team
Tue, Nov 24 2009, 12:54 GMT
Fundamental Currencies Comments - Currencies ahead of U.S. data by ecPulse.com
Tue, Nov 24 2009, 11:34 GMT
audusd, eurusd, gbpusd, usdchf, usdjpy
View All
Related content
Forex: EUR/USD: Euro hits 1.4990, approaching 1.5000 after housing prices
FXstreet.com | Tue, Nov 24 2009, 14:16 GMT
Forex: USD/JPY breaks below 88.55, to 88.35, 6-week low after GDP
FXstreet.com | Tue, Nov 24 2009, 13:56 GMT
U.S. 3Q preliminary GDP rises below advanced estimations; Dollar and Yen up
FXstreet.com | Tue, Nov 24 2009, 13:46 GMT
US 3Q GDP +2.8%; Less Than Earlier Estimated
Dow Jones | Tue, Nov 24 2009, 13:45 GMT
US 3Q Real Personal Consumption Expenditures increase 2.9%
FXstreet.com | Tue, Nov 24 2009, 13:35 GMT
audusd, eurusd, gbpusd, usdchf, usdjpy
View All
Tech Trading » AUD/USD Update
Tue, Nov 24 2009, 12:07 GMT
The Trader’s Edge » EUR/USD Update
Tue, Nov 24 2009, 08:45 GMT
FX Market Readings » Volatile move Vs false move
Tue, Nov 24 2009, 07:52 GMT
FX Market Readings » Early US session
Tue, Nov 24 2009, 00:42 GMT
ForexHedge » Airbus Euro’s or Boeing Dollars ?
Mon, Nov 23 2009, 15:45 GMT
audusd, eurusd, gbpusd, usdchf, usdjpy
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
audusd, eurusd, gbpusd, usdchf, usdjpy
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT
audusd, eurusd, gbpusd, usdchf, usdjpy
View All
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.