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FX Options trade alert

sales@tradingcentral.com (Trading Central) — Mon, 01 Dec 2008 12:14:41 GMT

Last week was the opposite of the previous one as the U.S. Dollar lost ground at the beginning of the week and regained strength during the last days. On a technical point of view, the USD/EUR is on the upside and is approaching its next resistance level, the USD/CHF, which is much correlated to the Euro, remains within a MT bullish channel. The USD/GBP is turning down as the RSI is on the downside. The USD/JPY is under pressure and remains capped by a declining trend line. The USD/CAD has

Increasing Pressure on ECB to Lower Rates Soon

info@swissetrade.com (Swiss e Trade AG) — Mon, 01 Dec 2008 11:23:55 GMT

The weekend`s close in Forex was focused on the euro, which tended weaker again in several pairs and crossings. The market suspects that euro interest rates will be much lower in the near future sooner than was expected, with the ECB explaining loudly why the bank now could lower interest rates because of defused inflation danger (tongue in cheek, actually the ECB should explain why they must lower the rates, under any circumstances, because the Europeans would risk another fainting spell in

EURUSD: Formation Of A Shooting Star Candle To Trigger Further Downside EURUSD

m.isah@fxtechstrategy.com (FXTechstrategy) — Mon, 01 Dec 2008 10:25:22 GMT

In This Issue: EURUSD: Formation Of A Shooting Star Candle To Trigger Further Downside EURUSD -With the pair’s break out of a triangle and its rise off the 1.2423 level cut short after failing to push through its Nov 25’08 high at 1.3081,it has formed a shooting star candle pattern(top reversal signal) and increased the chances of further downside losses … GBPUSD: Continues To Maintain Its Return Above The 1.5250/65 Area - While the past week’s climb above the 1.5250/65 area, its Nov 19’08

Chinese manufacturing PMI nosedives in November

info@saxobank.com (Saxo Bank) — Mon, 01 Dec 2008 08:11:27 GMT

Busy week for Central Bank announcements and US data, starting with today's US ISM Manufacturing, expected at 26-year low. HEADLINES Australia Nov. AiG Performance of Manufacturing Index out at 32.7 vs. 40.4 in Oct. China Nov. PMI Manufacturing out at 38.8 vs. 44.6 in Oct. Germany Oct. Retail Sales out at -1.6% MoM vs. +0.5% expected Sweden Nov. Swedbank PMI out at 33.1 vs. 38.0 expected and 39 in Oct. THEMES TO WATCH – UPCOMING SESSION Events Today: Switzerland Nov. SVME PMI (0830) Germany

Rate Decisions And Bailout Details May Help Determine Risk Appetite And Carry Trade Trends

info@fxcm.com (FXCM) — Mon, 01 Dec 2008 06:40:14 GMT

The long holiday weekend for the US markets has clearly curbed activity in the dollar and to some degree the entire currency market. However, for all intents and purposes, caution is still the primary sentiment for risk trends and the carry trade. Rate Decisions And Bailout Details May Help Determine Risk Appetite And Carry Trade Trends Fed Aims Its Stimulus At Housing And Consumers, EU Drafts A Package Of Its Own When Will Interest Rates Be A Carry Trade Driver Again? The long holiday weekend

The Last Chance For A AUDCAD Range Setup?

info@fxcm.com (FXCM) — Mon, 01 Dec 2008 06:13:32 GMT

Thin liquidity over these past two trading sessions hasn’t generated much volatility, nor has it produced the necessary drive for breakouts. This is fortunate for AUDCAD, which continues to cut one of the most clearly defined ranges that we have seen in some time. Why Would AUDCAD Stay in a Range? Levels to Watch: -Range Top: 0.8125 (Trend, Fibs, SMA) -Range Bottom: 0.7850 (Trend, Fib) This has been one of our favorite range trades from a technical point of view for weeks; however, the

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Mon, 01 Dec 2008 03:17:30 GMT

Dow Jones : Resistance(daily close) : 9382.12 , 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21 , 2008). Support (daily close): 8912.62, 8827.27, 8642.60, 8403.77, 8257.46, 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34,

Dow continue its climb for the week.

info@forexamericas.com (ForexAmericas) — Sun, 30 Nov 2008 23:48:49 GMT

Market View for Dec 1, 2008 Friday saw the Dow continue its climb for the week, closing up 1.1% at 8829 in thin post-holiday trade after similar performances overseas. The Euro came off 300 pips in European trade Friday, after CPI came in lower than expected. The ECB had indicated they were less likely to cut rates on inflation fears, but the market took the data on Friday as a sign that a cut was much more likely. There is also talk that the EU is blocking France’s bank

Euro Falls as Eurozone Economy Weakens

trading@cmsfx.com (CMS Forex) — Sun, 30 Nov 2008 22:20:41 GMT

Euro Falls as Eurozone Economy Weakens The dollar was modestly higher against other major currencies in a light post-Thanksgiving holiday trading Friday. The US stock market closed its session higher for a fifth consecutive day. Improving risk appetite in the equity market and weak Japanese economic data pressured the yen. Sterling fell as UK CBI retail sales weakened further. The Australian and Canadian dollars declined modestly. Today’s big loser was the euro, falling versus most major

USD Ranging in Thanksgiving Mood

info@swissetrade.com (Swiss e Trade AG) — Fri, 28 Nov 2008 11:06:28 GMT

The turkey leftovers will most probably dampen the volatility again today ahead of the weekend - reduced market action just led to a sideways trend in the majors yesterday and in European morning trading. At least there is little chance that we have to reckon today with more horrible news from our friends in the banking industry, with the Fed having this week mounted another mammoth program to save both them and Main Street from more harm. Indeed, markets more suspect further skeletons in the

Markets going nowhere in a hurry so far in thin holiday trading

info@saxobank.com (Saxo Bank) — Fri, 28 Nov 2008 08:25:52 GMT

Japan small business confidence plunges to lowest level in history of survey, but JPY sees little reaction. HEADLINES New Zealand Oct. Building Permits fell -21.9% MoM vs. +11.1% in Sep. Japan Nov. Nomura/JMMA Manufacturing PMI fell to 36.7 from 42.2 in Oct. Japan Oct. Jobless Rate fell to 3.7% vs. 4.2% expected and 4.0% in Sep. Japan Oct. Household Spending fell -3.8% YoY vs. -3.3% expected and -2.3% in Sep. Japan Oct. National CPI out at 1.7% YoY as expected Japan Oct. Industrial

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Fri, 28 Nov 2008 07:56:49 GMT

EURUSD: Recovery Started At The 1.2423 Level Remains in Force

m.isah@fxtechstrategy.com (FXTechstrategy) — Thu, 27 Nov 2008 11:51:31 GMT

HIGHLIGHTS: EURUSD: Recovery Started At The 1.2423 Level Remains in Force -The short term range break out trigger resides here with a break through there though not envisaged at this stage accelerating additional upmove towards its triangle break out price objective at 1.3630... GBPUSD: Digests Upside Gains, Keeps Focus On Further Strength - While digesting those gains, we expect the pair to hold above the 1.5250/65 area and initiate further upmove towards the its Nov 10’08 high at 1.5885 and

Major Pairs' Countertrend Moves Stifled Again

info@swissetrade.com (Swiss e Trade AG) — Thu, 27 Nov 2008 11:22:13 GMT

The 2-day-old down correction move of the USD came to an end yesterday after testing important long-term support zones, especially against the euro. That is the fourth failed attack on these lines, representing the lower end of the USD’s 4-week-old trading range. We now expect the upside of this range to be tested, with a slow upmove for the USD over the next days. At the fundamental front, there is no reason why the euro should climb against the USD. True, the interest rate differential still

US Equities rally strongly into Thanksgiving weekend

info@saxobank.com (Saxo Bank) — Thu, 27 Nov 2008 07:57:46 GMT

Chinese chop rates by over 100 bps to boost economy. US Christmas shopping season gets underway starting tomorrow. HEADLINES New Zealand Oct. Trade Balance out at -942M vs. -1000M expected Australia Q3 Private Capital Expenditure grew +0.6% vs. +0.8% expected New Zealand Nov. NBNZ Confidence out at -43.0 vs. -42.3 in Oct. UK Nov. Nationwide House Prices fell -0.4% MoM vs. -1.7% expected THEMES TO WATCH – UPCOMING SESSION Events Today: US Markets Closed Today for Thanksgiving Holiday

Clear Momentum And Technicals May Provide A Short-Term EURAUD Range Opportunity

info@fxcm.com (FXCM) — Thu, 27 Nov 2008 06:41:49 GMT

Liquidity is thinning out and risk trends are on the cusp of a major shift – meaning the conditions are not favorable for range trades. However, there are a few high-risk setups that may actually benefit through a period of chop and turbulence with help of strong technicals and offsetting fundamentals. Why Would EURAUD Stay in a Range? Levels to Watch: -Range Top: 2.0500 (Trend, Swing High) -Range Bottom: 1.9700 (Trend, Fibs, Pivot) There are three competing fundamental forces behind EURAUD.

Weekly Forex Focus

sales@tradingcentral.com (Trading Central) — Thu, 27 Nov 2008 05:52:06 GMT

Please find enclosed today's WEEKLY FOREX FOCUS EUR/USD - USD/JPY GBP/USD - USD/CHF USD/CAD - AUD/USD EUR/JPY - EUR/CHF EUR/GBP - DOLLAR INDEX

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Thu, 27 Nov 2008 03:52:43 GMT

Yen Falls as Stocks Gain for Fourth Day

trading@cmsfx.com (CMS Forex) — Wed, 26 Nov 2008 23:31:59 GMT

Yen Falls as Stocks Gain for Fourth Day The dollar traded mostly higher on Wednesday. US durable goods orders dropped more than forecast and consumer spending fell the most since 2001 as the US recession is deepening. New-home sales sank to its lowest level since the 1991 recession. Despite the gloomy economic data, US stocks rose for a fourth day after President-elect Barack Obama picked former Federal Reserve chief Paul Volcker to head an economic advisory board aimed at bolstering economic

U.S. equity markets staged yet another rally

info@forexamericas.com (ForexAmericas) — Wed, 26 Nov 2008 23:02:39 GMT

Market View for November 27, 2008 The U.S. equity markets staged yet another rally, with the Dow up about 2.9% and the Nasdaq back above 1500. NY morning showed consumer and business spending drastically lower, but markets rallied just the same. Oil was also much higher, up 8% even though oil inventories were unexpectedly higher. The rally was led by techs, and financials were also higher. Tomorrow the U.S. will be on holiday, so very thin markets during the NY session

EURUSD: EUR Sustains Upside Gains, Highlights The 1.3298 Level

m.isah@fxtechstrategy.com (FXTechstrategy) — Wed, 26 Nov 2008 14:05:22 GMT

HIGHLIGHTS: EURUSD: EUR Sustains Upside Gains, Highlights The 1.3298 Level - The former level should limit upside gains and turn the pair lower again but if a violation of there occurs, its pattern price target highlighted will be aimed at... GBPUSD: Break And Hold Above The 1.5250/65 Area Turns Focus To The 1.5885 Level - A thirdday of upside gains has seen GBP break and close above its key resistance level at the 1.5250/65 area, its day Nov 19’08 high/Oct 24’08 low … EUR Sustains

More Power, Igor

info@swissetrade.com (Swiss e Trade AG) — Wed, 26 Nov 2008 11:40:35 GMT

Ordering even more voltage to money growth yesterday in breathtaking speed, the Fed announced another stunning stimulus program for the U.S. economy. Such action has its dangers. As economist Stanley Salvigsen wrote (in "Little Shop of Horrors," Merrill Lynch, 1985): Dr. Frankenstein (the Fed) wants to have the monster (the economy) on its feet, therefore urging his assistant Igor to add more and more power to the wiring attached to the body, until the monster jumps off the table - and

Markets tried to rally on latest monster bailout news from the US government

info@saxobank.com (Saxo Bank) — Wed, 26 Nov 2008 07:50:16 GMT

Today is last full trading day in the US until next Monday on long Thanksgiving weekend. Second consecutive negative quarterly UK GDP likely on tap. HEADLINES US Weekly ABC Consumer Confidence out at -52 vs. -53 expected Australia Nov. DEWR Skilled Vacancies dropped -4.8% vs. -2.0% drop in Oct. Germany Oct. Import Price Index fell -3.6% MoM vs. -1.4% expected THEMES TO WATCH – UPCOMING SESSION Events Today: Sweden Nov. Consumer and Manufacturing Confidence (0815) UK Q3 GDP and Breakdowns

Sell-by date

Sarah.Pedder@LLOYDSTSB.co.uk (Lloyds TSB Financial Markets) — Wed, 26 Nov 2008 06:51:51 GMT

Market overview Has the dollar trend turned? Whilst this is a difficult question to answer, the evidence has swung away from extended dollar strength to cautious dollar weakness. Despite many opportunities to break the low, euro dollar failed to extend beyond the 1.2330/90 floor last week and this lack of follow through has caused selling of stale dollar longs. Naturally the markets are very short term focused, but with gold over $800, and silver and platinum finally trying to base (although

Will Technicals Hold Out Against GBPCHF Volatility For A Range Setup?

info@fxcm.com (FXCM) — Wed, 26 Nov 2008 06:12:56 GMT

Market conditions are changing and stifling ranges are beginning to yield to consistently high levels of volatility. GBPCHF is a dangerous choice for a range position; but with solid technical levels, a good strategy and short time frame, it may present a good opportunity. Why Would GBPCHF Stay in a Range? Levels to Watch: -Range Top: 1.8400 (Fibs, Trend) -Range Bottom: 1.7975 (Trend, Fibs) Congestion is still the dominant force in the overall currency market; but the potential for trend

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Wed, 26 Nov 2008 04:49:32 GMT

Dow Jones : Resistance(daily close) : 9382.12 , 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21 , 2008). Support (daily close): 8912.62, 8827.27, 8642.60, 8403.77, 8257.46 , 8100.00 and 7920.08 . Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34,

The Fed and treasury introduce new programs.

info@forexamericas.com (ForexAmericas) — Wed, 26 Nov 2008 03:20:24 GMT

Market View U.S. equity markets were mixed today – either side of flat after an early morning rally sparked by two new programs from the Fed and Treasury. Both programs were aimed at consumers by helping to ease credit and the mortgage industry. In addition, the Fed said it will increase reserves in the banking system, meaning they will print more money. This caused a U.S. Dollar sell off for most of the NY session. The Nikkei finished up 5%, but European markets were

Greenback Falls on Fed's Quantitative Easing

trading@cmsfx.com (CMS Forex) — Wed, 26 Nov 2008 00:01:21 GMT

Greenback Falls on Fed’s Quantitative Easing The dollar traded mostly lower on Tuesday. The European currencies and Canadian dollar gained for a third day, while the Australian dollar declined. After its recent weakness, the yen rose against most key currencies today. The Federal Reserve and Treasury introduced new programs to ease strains in the consumer credit and mortgage-backed securities markets. The Fed committed up to $800 billion to unfreeze credit for homebuyers, consumers and small

EURUSD: Resolution To The Upside Leaves Range Top(Triangle 1.3298) As Next Target

m.isah@fxtechstrategy.com (FXTechstrategy) — Tue, 25 Nov 2008 13:28:41 GMT

HIGHLIGHTS: EURUSD: Resolution To The Upside Leaves Range Top(Triangle 1.3298) As Next Target - 1.2914.With this break to the upside, our call for downside resolution has been annulled and the broader range top at 1.3298 is now targeted ahead of the pattern break out price objective at 1.3630 which also coincides with its .50 Ret(1.4867-1.2330 decline) at 1.3015... USDCAD: Loses Up side Momentum, Eyes The 1.2121/12 1.1657.This development remains corrective of both its rise off the 1.1464 and

Range-Bound EUR / USD Testing Upper Resistance

info@swissetrade.com (Swiss e Trade AG) — Tue, 25 Nov 2008 11:22:56 GMT

With oil prices on a $6 / barrel upmove yesterday, the Greenback traded markedly lower, which brought especially the euro near its upper resistance zone against the dollar in its now almost 4-week long consolidation phase, which began Oct. 28th. Chart buffs are watching that zone closely, because a break on the upside would call for a more pronounced move. That would then mean the USD has at last entered its long awaited down correction against the major pairs. So far it has been considered

EURGBP

info@chart-workshop.de (Chart-Workshop) — Tue, 25 Nov 2008 11:19:53 GMT

EUR/GBP technically still positive going forward. The large marabozu candle on the weekly chart keeps the picture positive with marabozu retracement support still around the 0.8325 area. Right now prices look slightly negative with 0.8550 on the upside as a potential target but also a major resistance area to over come for any further upside activity. On the down side the areas to watch are 0.8420 and 0.8320. 0.8340 worked well as support last week and would see this as the line in the sand.

Is it all over or is there more to come?

info@saxobank.com (Saxo Bank) — Tue, 25 Nov 2008 08:36:30 GMT

End of month rebalancing may be one driver behind sharp moves ahead of the long US Thanksgiving weekend. HEADLINES Japan Oct. Corporate Service Prices out at -1.4% vs. -0.5% expected Germany Final Q3 GDP out unchanged at -0.5% as expected Germany Dec. GfK Consumer Confidence out at 2.2 vs. 1.5 expected and 1.9 for November THEMES TO WATCH – UPCOMING SESSION Events Today: Sweden Oct. PPI (0830) Norway Q3 GDP (0900) Switzerland Oct. UBS Consumption Indicator (0900) UK Q3 Total Business

A Reversal In Risk Doesn't Break The Mature AUDCAD Range

info@fxcm.com (FXCM) — Tue, 25 Nov 2008 06:20:46 GMT

Over the past few weeks, AUDCAD has been a frequent range trade candidate – and for good reason. This pair has developed one of the most technically-sound ranges throughout the market. Why Would AUDCAD Stay in a Range? Levels to Watch: -Range Top: 0.8115 (Trend, Fibs, SMA) -Range Bottom: 0.7825 (Trend, Fibs) Some of the more risk-sensitive currency pairs have pushed into potential breakout territory over the past 24 hours. To be sure, AUDCAD does have a risk sentiment factor as the pair now

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Tue, 25 Nov 2008 05:28:17 GMT

Dow Jones : Resistance(daily close) : 9382.12 , 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21 , 2008). Support (daily close): 8912.62, 8827.27, 8642.60, 8403.77, 8257.46 , 8100.00 and 7920.08 . Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34,

Stocks rallied on the Citigroup rescue.

info@forexamericas.com (ForexAmericas) — Tue, 25 Nov 2008 03:30:53 GMT

Market View for Nov. 25, 2008 Stocks rallied on the Citigroup rescue (Citi up 55%), and the Dow was led higher by financials and home builders. This is the first two-day rally for U.S. stocks in November. Energy stocks also gained on the rally in oil, up over $4 at $54.48, as OPEC plans more production cuts. It should be noted that the U.S. market did not end on its highs, and even though the financials finished strong, the Dow did have a bit of a sell off in the last

USD and JPY Decline as Risk Appetite Returns

trading@cmsfx.com (CMS Forex) — Mon, 24 Nov 2008 23:49:28 GMT

USD and JPY Decline as Risk Appetite Returns The dollar and yen fell on Monday as investor risk appetite increased on rallying equity markets, following the US government bailout and cash injection in Citigroup. US stocks had the biggest two-day rally since 1987 after the government said it will guarantee $306 billion of troubled Citigroup assets, President-elect Barack Obama introduced his economic team and lawmakers pledged to pass another economic stimulus. The euro and sterling gained

FX Options trade alert

sales@tradingcentral.com (Trading Central) — Mon, 24 Nov 2008 12:02:17 GMT

Last week, the outlook was still mixed on the U.S. Dollar as it lost some strength in the last days after having gained ground at the beginning of the week. On a technical point of view, the USD/EUR remains within a symmetrical triangle (continuation pattern) and is challenging its strong resistance. The USD/CAD is challenging its former high at 130, the USD/JPY remains under pressure and its daily technical indicator does not show any reversal sign yet. The USD/GBP and the USD/AUD are well

The Early Bird...

info@swissetrade.com (Swiss e Trade AG) — Mon, 24 Nov 2008 11:09:17 GMT

Much pondering was going on at the end of last week when the Swiss lowered their interest rates by a full percentage point, which came as a surprise to the markets. The euro jumped against the Swiss franc. Rumors about too much lending by Swiss banks to Eastern European countries circulated, followed by whispering about more of the country’s banks being in trouble than was anticipated. Whether these notions are of substance or not, in relation to the rate cut they are far off the mark. The real

EURUSD: Triangle Break Expected To Resolve To The Downside

m.isah@fxtechstrategy.com (FXTechstrategy) — Mon, 24 Nov 2008 09:38:11 GMT

EURUSD: Triangle Break Expected To Resolve To The Downside - As range trading dominates price action between the 1.2330 and 1.3298 levels, the symmetrical triangle formed within that range is expected to resolve to the downside. … GBPUSD: Recovery Off The 1.4558 Level Stalls At The 1.5250 Area - GBP’s recovery embarked upon off the 1.4558 level(YTD low) following its recent medium to longer term declines has stalled at the 1.5250 level and ahead of its strong resistance at the 1.5265

Index Recommended Levels

vilks49@yahoo.com (FXtechtrade) — Mon, 24 Nov 2008 09:06:56 GMT

Dow Jones : Resistance(daily close) : 9382.12 , 9744.26, 10 091.30, 10 935.23, 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21 , 2008). Support (daily close): 8912.62, 8827.27, 8642.60, 8403.77, 8257.46 , 8100.00 and 7920.08. Then 7695.13, 7464.38, 7290.20 and 7177.50. Break of the latter will lead to 7020.34,