Market Opinion
This report has been deactivated

2

0
ADP Report sets the mood.
Wed, Jan 7 2009, 23:25 GMT
by James Whyte
ForexAmericas
Market View
The mood in today’s US markets was set by the ADP jobs report which came in at -693k from a -450k forecast. This has been the talk of the trading floors for most of the day. Now all eyes are on Fridays Non-Farm report for an actual number, which is expected to surprise the market once again. Energy stocks also fell as the price of crude tumbled $5.73 to 42.85 (@ close) after crude inventories revealed an increase to 6.70m barrels. All the major indices finished the day in the red; FTSE -131.41, DAX -88.84, CAC 40 -50.13, DOW JONES -244.68, NASDAQ -53.32, and S&P -28.01.
USD/JPY: Dollar Yen broke its uptrend following the performance of the equity markets worldwide. It looks like traders are selling ahead of Fridays numbers starting with Non-farm payrolls and unemployment rate. We see the trend in dollar yen changing to the down side with support at 92.32 and from there at 91.78. We shall see how the Asian markets play this out today and their reaction to the negative data from the US.
AUD/USD: The Aussie has been following the oil trade again and its been quite volatile. After hitting a high of .7266 for the second time in the last two days the Aussie is definitely having trouble breaking out of that resistance level. The trend for the week still remains bullish with great support at .7090 and then .7050-60.
Published on
Wed, Jan 7 2009, 23:29 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
Forex Market Alerts - Chart GBP/JPY Update: Piercing-pattern set last session fading deeper pullback by FXMarketAlerts
Mon, Nov 23 2009, 23:44 GMT
Market Session Recaps - New York Session by FOREX.com
Mon, Nov 23 2009, 22:12 GMT
U.S. Forex Market Commentary by GCI
Mon, Nov 23 2009, 22:10 GMT
Fundamental Currencies Comments - Stocks, commodities gain; Dollar declines by ecPulse.com
Mon, Nov 23 2009, 19:02 GMT
Daily Market Report - Greenback is starting the new week on a soft note by Wells Fargo Investments, LLC
Mon, Nov 23 2009, 14:59 GMT
audusd, usdjpy
View All
Related content
USD/JPY still fighting the 89.00 level
FXstreet.com | Tue, Nov 24 2009, 00:23 GMT
Early Tokyo keen to sell JPY crosses
Forex Live | Tue, Nov 24 2009, 00:12 GMT
AUD may be affected by political fall-out from ETS
Forex Live | Mon, Nov 23 2009, 22:29 GMT
USD/JPY: tied in between orders at 88.60/89.20
Forex Live | Mon, Nov 23 2009, 22:14 GMT
Forex: Dollar falls on Monday; Stocks rally in Wall Street and Europe
FXstreet.com | Mon, Nov 23 2009, 21:58 GMT
audusd, usdjpy
View All
The Advisor Weblog » AUD/USD testing daily trendline
Fri, Nov 20 2009, 12:03 GMT
The Advisor Weblog » Japanese Yen breaks higher
Thu, Nov 19 2009, 14:46 GMT
The Trader’s Edge » More upward movement on the AUD/USD?
Thu, Nov 19 2009, 08:32 GMT
Tech Trading » AUD/USD Holds above 200 SMA on 1 hour chart
Tue, Nov 17 2009, 15:44 GMT
FX Path » AUD/USD - New 15-Month High
Tue, Nov 17 2009, 01:38 GMT
audusd, usdjpy
View All
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Mon, Jul 6 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Tue, Jul 7 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Wed, Jul 8 2009, 05:00 GMT
Asia-Pacific Trading Webinar
Abdul Khan | Fri, Jul 10 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Mon, Jul 13 2009, 05:00 GMT
audusd, 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.