Thursday, July 31, 2008
The Greenback
July 30 (Bloomberg) -- The dollar rose to a one-month high versus the euro and the yen after a private report showed U.S. companies unexpectedly added jobs this month.
The greenback also gained as a decline in crude oil eased concern elevated fuel costs will erode consumer spending. New Zealand's dollar dropped against all of the other major currencies except the Australian dollar after Reserve Bank Governor Alan Bollard said slowing economic growth will curb inflation in the next two years.
Greenback Relinquishes Gains on Oil
by Korman Tam
7/30/2008 3:20:00 PM
The dollar backed away from its gains versus the majors by afternoon New York trading, relinquishing a five-week high against the euro at 1.5523 to fall back near the 1.56-handle. The greenback initially received a boost from the better-than-expected ADP private sector payrolls report but later succumbed to a combination of profit taking ahead of key US economic reports starting tomorrow and a $4.58 rebound in oil to $126.71 per barrel.
The ADP private sector payrolls defied consensus estimates for a loss of 60k jobs in July, following a 79k loss a month earlier, instead increasing by 9k jobs. Traders quickly rewarded the dollar following another bout of upbeat economic data, reacting in similar fashion to yesterday's better-than-forecast consumer confidence survey. However, the euphoria was short-lived as oil extended its rally and markets shift focus to several potentially dollar negative reports in the remainder of the week.
The US reports scheduled for release tomorrow include the advanced reading for Q2 GDP, weekly jobless claims, July NY NAPM manufacturing and the July Chicago PMI. The advanced reading for GDP in Q2 is seen improving to 2.0% from 1.0% in the previous quarter. The Chicago PMI reading is seen remaining beneath the key 50-level for the 6th consecutive month, expected to decline to 49.0 from 49.6 and highlighting continued weakness in the US manufacturing sector. Although the report has been steadily improving since hitting a 7-year low in February at 44.5, it has remain mired in contraction territory for six months and is seen slipping lower from the previous month.
Monday, June 30, 2008
Free Forex Signals : GBPJPY DOWNTREND
GBPJPY
SHORT position at 211.26
STOP LOSS above 212.76 (- 50 pips).
THE TARGETS are 210.58 / 210.90
OP, SL & TP at your own risks
Thursday, June 5, 2008
GBPUSD
GBPUSD
SHORT position at 1.9510
STOP LOSS above 1.9560 (-50 pips).
THE TARGETS are 1.9450/ 1.9400
OP, SL & TP at your own risks
Wednesday, June 4, 2008
GBPJPY UPTREND
Tuesday, June 3, 2008
Bloomberg : Bank of England : Standard & Poor
June 2 (Bloomberg) -- The pound fell and the yen advanced on speculation spreading credit market losses at banks will result in slower economic growth and discourage policy makers from raising interest rates.
``Risk aversion is filtering into the market again,'' said Matthew Strauss, a senior currency strategist in Toronto at RBC Capital Markets Inc., a unit of Canada's biggest bank by assets. ``Even though the worst of the financial crisis may be behind us, the recovery won't be a smooth ride. It's clearly weighing on the pound.''
The pound dropped 0.9 percent to $1.9637 at 10:46 a.m. in
The
The dollar remained higher versus the 15-nation currency after the Institute for Supply Management's factory index increased to 49.6 in May, from 48.6 in the previous month. The median forecast of 75 economists surveyed by Bloomberg was for a decrease to 48.5. A reading below 50 indicates contraction.
``If you're looking for signs of a deep outright recession, you're not able to find it in this report,'' said Benedikt Germanier, a currency strategist at UBS AG in
The dollar strengthened 0.2 percent to $1.5524 per euro, compared with $1.5554 on May 30.
The pound weakened after Bradford & Bingley Chief Executive Officer Stephen Crawshaw quit yesterday, citing health reasons. TPG Inc., a leveraged buyout firm, is in talks to buy a 20 percent stake in the mortgage lender. The bank plans to raise an additional 250 million pounds ($490 million) from shareholders.
``The magnitude of this took the market by surprise,'' said Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in
Bank of
The Bank of England will keep its benchmark interest rate at 5 percent on June 5, according to the median forecast of 60 economists surveyed by Bloomberg News. Policy makers have lowered the rate three times by a total of 0.75 percentage point since December.
The yen increased 2.4 percent to 13.5289 against the South African rand and 1.4 percent to 20.3804 versus Norway's krone on speculation a plunge of as much as 32 percent in Bradford & Bingley's shares will discourage the carry trade. In such a trade, investors get funds in a country with low borrowing costs and purchase assets where returns are higher.
European stocks fell for the first time in four days, pushing the Dow Jones Stoxx 600 Index down 1.1 percent. The Standard & Poor's 500 Index dropped 1 percent.
`Greater Concern'
``We're seeing overall a fairly consistent response to a drop in risk appetite, and the catalyst is greater concern about the outlook for the financial sector,'' said Steve Pearson, chief currency strategist at HBOS Treasury Services Plc in
The
Thursday, May 29, 2008
GBPJPY
SHORT position at 208.00
STOP LOSS above 208.50 (-50 pips).
THE TARGETS are 207.80 / 207.50 / 207.30 / 207.00
OP, SL & TP at your own risks
GBPJPY . GBPUSD . USDJPY
GBP JPY should find a resistance below 208.00.
GBP USD is in a range between 1.9725 and 1.9845.
USD JPY is in a consolidation after the last bullish movement and should find a resistance below 105.50..
FOREX NEWS
Dollar Advances as Durable Goods Measure Unexpectedly Rises
May 28 (Bloomberg) -- The dollar reached a two-week high against the yen as a measure of
Japan's currency touched a one-month low against the euro and the weakest since November versus the Australian dollar, reaching the day's lowest levels as an earlier decline in crude oil spurred investors to buy higher-yielding assets funded in Japan's currency, in a strategy known as the carry trade. The yen pared its drop as oil trimmed its decline.
``There's room for the dollar to gain,'' said Nick Bennenbroek, head of currency strategy at Wells Fargo Bank in
The
Orders for
Futures on the Chicago Board of Trade showed a 30 percent chance the Fed will raise its target rate by a quarter- percentage point to 2.25 percent on Sept. 16, up from 21 percent a week ago.
Yen and Aussie
Crude oil for July delivery was little changed at about $128 a barrel, after earlier dropping as much as 2.2 percent to $125.96 a barrel on the New York Mercantile Exchange. That was the lowest since May 19.
The Japanese currency touched 100.80 per Australian dollar, the weakest since Nov. 14, from 99.91 yesterday.
In the carry trade, investors get funds in a country with low borrowing costs and invest where rates are higher, earning the difference. The risk is that currency moves erode the profit from the rate differential.
The euro pared its drop after a report showed inflation in
ECB Benchmark
German consumer prices rose 3 percent this month from a year ago after rising 2.6 percent last month, when measured using a harmonized European Union method, the Federal Statistics Office said. The median forecast in a Bloomberg News survey was for inflation to quicken to 2.9 percent. A separate report showed French consumer confidence dropped to a record low in May.
The European Central Bank has kept its main interest rate at 4 percent since June 2007.
Royal Bank of Scotland Plc recommended investors buy the euro against the dollar, after the company last week pushed back its forecast for the timing of an ECB rate cut to the second quarter of next year.
``Oil-related stagflation worries will play moderately positively for the euro,'' strategists led by David Simmonds, global head of currency research at the U.K.'s second-biggest lender, wrote in a research note yesterday.
Treasury Sales
The dollar also rose against the yen as the Treasury prepared to sell $30 billion of two-year notes today and $19 billion of five-year debt tomorrow. The
``There could be quite a lot of dollar-buying interest as the day progresses,'' said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in
Tuesday, May 27, 2008
GBPUSD & GBPJPY
GBP USD broke 1.9800 support. GBP USD is in a range between 1.9735 and 1.9850. The price should find a support above 1.9730. If the support is broken then the target will be 1.9600.
US NEW HOME SALES REPORT
Friday, May 23, 2008
Thursday, May 22, 2008
GBPJPY
GBPJPY
LONG position at 202.80
STOP LOSS below 201.80 (-100 pips).
THE TARGETS are 203.40 / 203.88 / 204.36
OP, SL & TP at your own risks
Saturday, May 17, 2008
Thursday, May 15, 2008
The US Dollar
by Korman Tam
5/14/2008 3:10:00 PM
The greenback was higher against the yen and the sterling, but relinquished some of its gains versus the euro. The economic calendar was light on Wednesday, with just the release of consumer prices. The April CPI figures were better than expected, with the headline readings lower at 0.2% versus 0.3% a month earlier and 3.9% down from 4.0% in the previous year. The excluding food and energy readings also improved, at 0.1% versus 0.2% in March and down to 2.3% compared with 2.4% a year earlier.
Traders will have a lot to digest from the US, with the economic data scheduled for Thursday consisting of weekly jobless claims, NY Fed manufacturing survey, March TICS, April capacity utilization, April industrial output, May Philadelphia Fed survey, and the May NAHB housing market index.
Boston Fed President Rosengren offered a somber assessment of the US economy, saying it has slowed noticeably ¨C with job losses, food and energy prices, asset price falls raising risks to financial institutions. Further, he added that housing price declines have been national and not just regional. Meanwhile, former Fed Chairman Volker said the US was suffering from an economic problem and not just a financial problem. Volker added that the intervention by central banks in mortgage markets was a departure from traditional practices, implying support for a particularly sector of the market.
Friday, May 9, 2008
The Greenback
The dollar eased against the euro and the yen in the Thursday session, falling to 1.5441 and 103.42, respectively.
In US the weekly jobless claims improve to 365k versus 380k a week earlier.
Meanwhile, wholesale inventories posted a 0.1% decline in March compared with a 1.1% increase in February.
Friday's data will see the March trade deficit shrinking to $61.3 billion down from $62.32 billion in February.
Tuesday, May 6, 2008
PMI and the GBPUSD GBPJPY
PMI GBP/USD GBP/JPY
At
BUY
If it comes out at 52.5 or higher, Buy GBP/USD or GBP/JPY, and expect 30 to 40 pips move.
SELL
If it comes out at 50.9 or lower, Sell GBP/USD or GBP/JPY, good for 30 to 40 pips as well. With a wider trigger, you can expect even bigger price move here.
Monday, May 5, 2008
GBPUSD
GBPUSD
LONG position at 1.9688
STOP LOSS below 1.9608 (-80 pips).
THE TARGETS are: 1.9703 /1.9768
OP, SL & SL at your own risks
Tuesday, April 29, 2008
MARKET OUTLOOK THIS WEEK
The week ahead offers a barrage of economic news for currency traders to digest, with the key highlights coming from the
In addition to the highly anticipated US jobs report on Friday, the calendar also consists of April consumer confidence, US Q1 advanced GDP, PCE, Chicago PMI, March consumption, personal income, durable goods orders, and factory orders. The April unemployment rate is expected to hold steady at 5.2%, while non-farm payrolls are not expected to improve, posting another 80k loss of jobs. The Q1 advanced reading for GDP is seen slowing to 0.2% from 0.6% previously, the PCE index is expected to ease to 3.7% from 3.9% in the previous quarter.
The greenback rallied to its highest levels in two-weeks against the yen at 104.79 and euro at 1.5590. While it remains to be seen whether the recent dollar rebound will be sustainable, Eurozone officials have become more outspoken about their unease over the euro*s strength. ECB President Trichet said ※there have been at times sharp fluctuations between major currencies§ and expressed concern about the ※possible implications on economic and financial stability.
Thursday, April 24, 2008
GBPJPY . GBPUSD
GBP USD is in a consolidation after the last bearish movement. The price should find a support above 1.9770. If the support is broken then the target will be 1.9600.
Tuesday, April 22, 2008
GBPJPY
GBPJPY
SHORT position at 204.00
STOP LOSS above 205.00 (-100 pips).
THE TARGETS are 203.60 / 203.24
OP, SL & TP at your own risks
Thursday, April 17, 2008
GBPJPY
GBPJPY
SHORT position at 200.70
STOP LOSS above 201.70 (-100 pips).
THE TARGETS are 200.38 / 200.18 / 199.86
OP, SL & TP at your own risks
Wednesday, April 16, 2008
GBPJPY
Wed. 16th. April.2008
GBPJPY
The price should find a support above 198.50. If the support is broken then the target will be 196.00
GBP USD
The downtrend should continue. The target is 1.9400
Tuesday, April 15, 2008
GBPJPY
GBPJPY
The price should continue to move in 199.45 – 200.50 range. If the support is broken then the target will be 198.00.
Monday, April 14, 2008
GBPJPY . GBPUSD
GBP USD is in a range between 1.9650 and 1.9850. The volatility is low and is in a bearish configuration. The price should find a support above 1.9650. If the support is broken then the target will be 1.9400.
GBP JPY is in a consolidation. The volatility decreases. Bollinger bands are tightened and indicates a bearish pressure. The price should find a support above 198.50. If the support is broken then the target will be 197.00.
Tuesday, April 8, 2008
GBPJPY
GBPJPY
LONG position at 201.40
STOP LOSS below 202.40 (-100 pips).
THE TARGETS are : 201.86 / 202.54
OP, SL & TP at your own risks
GBPJPY . GBPUSD
GBP JPY is in a consolidation after the last bullish movement. GBP JPY is in a range between 202.30 and 205.05. The volatility is low. Bollinger bands are flat. The price should continue to move in 202.30 / 205.00 range.
GBPJPY
LONG position at 202.30
STOP LOSS below 201.30 (-100 pips).
THE TARGETS are 202.88 / 203.36 / 204.16 / 204.80
OP, SL & TP at your own risks
GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a support above 1.9845. If the support is broken then the target will be 1.9740.
Friday, April 4, 2008
Thursday, April 3, 2008
GBPJPY
GBPJPY
SHORT position at 204.00
STOP LOSS above 205.00 (-100 pips).
THE TARGETS are 203.56 / 203.20
OP, SL & TP at your own risks
GBPJPY
GBPJPY
LONG position at 203.50
STOP LOSS below 202.00 (-150 pips).
THE TARGETS are 204.33 / 204.64 / 205.18
SHORT position at 202.76
STOP LOSS above 203.76 (-100 pips).
THE TARGETS are 202.46 / 201.76
OP, SL & TP at your own risks
Wednesday, April 2, 2008
GBPJPY
GBPJPY
SHORT position at 201.90
STOP LOSS above 202.90 (-100 pips).
THE TARGETS are 201.46 / 201.16 / 200.70
SHORT position at 201.10
STOP LOSS above 202.10 (-100 pips).
THE TARGETS are 200.86 / 200.50 / 200.20
OP, SL & TP at your own risks.
GBPJPY
GBPJPY . WED. 2 APRIL
GBPJPY
SHORT position at 200.80
STOP LOSS above 201.80 (-100 pips).
THE TARGETS are 200.30 / 199.80 / 199.24
SHORT position at 199.72
STOP LOSS above 200.72 (-100 pips).
THE TARGETS are 199.40 / 198.80 / 198.40 / 197.92
OP, SL & TP at your own risks.
Tuesday, April 1, 2008
GBPJPY
GBPJPY
SHORT position at 200.30
STOP LOSS above 201.30 (-100 pips).
THE TARGETS are 199.80 / 199.24
SHORT position at 199.46
STOP LOSS above 200.46 (-100 pips).
THE TARGETS are 198.80 / 198.40 / 197.92
OP, SL & TP at your own risks.
GBPJPY
GBPJPY
SHORT position at 199.00
STOP LOSS above 200.00 (-100 pips).
THE TARGETS are 198.80 / 198.40 / 197.12
OP, SL & TP at your own risks.
Monday, March 31, 2008
GBPJPY
LONG position at 197.00
STOP LOSS below 196.00(-100 pips).
THE TARGETS are 197.60 / 198.00 / 198.98
OP, SL & TP at your own risks
Friday, March 28, 2008
GBPJPY
GBPJPY
SHORT position at 199.50
STOP LOSS above 200.50 (-100 pips).
THE TARGETS are 199.20 / 199.90
OP, SL & TP at your own risks.
LONG position at 199.10
STOP LOSS below 198.10 (-100 pips).
THE TARGETS are 199.50 / 199.98 / 200.20 / 200.55
OP, SL & TP at your own risks
Tuesday, March 25, 2008
GBPUSD
GBP USD is in a range between 1.9750 and 1.9930. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price should continue to move in 1.9750 / 1.9950 range. If the resistance is broken then the target will be 2.0300.
Monday, March 24, 2008
GBPUSD
GBPUSD is worth watching -
In theory it should go lower 1.9330. - get ready for the new lows.
SHORT position at 1.9800
STOP LOSS below 1.9850 (-50 pips).
THE TARGETS are 1.9770 / 1.9726
OP, SL & TP at your own risks
Thursday, March 20, 2008
GBPJPY
GBPJPY
SHORT position at 197.60
STOP LOSS above 198.60 (-100 pips).
THE TARGETS are 197.30 / 196.80 / 196.40
OP, SL & TP at your own risks.
GBPJPY
SHORT position at 196.60
STOP LOSS above 197.60 (-100 pips).
THE TARGETS are 195.86 / 195.20
OP, SL & TP at your own risks.
GBPJPY
GBPJPY
SHORT position at 196.80
STOP LOSS above 197.80 (-100 pips).
THE TARGETS are 196.50 / 196.20 / 196.06 /195.86
OP, SL & TP at your own risks.
GBPJPY
GBPJPY
SHORT position at 197.60
STOP LOSS above 198.60 (-100 pips).
THE TARGETS are 196.78 / 195.86 / 195.30
OP, SL & TP at your own risks.
Wednesday, March 19, 2008
GBPJPY
GBPJPY
LONG position at 197.26
STOP LOSS below 196.26 (-100 pips).
THE TARGETS are 197.98 / 198.90 / 199.60
OP, SL & TP at your own risks
Saturday, March 15, 2008
KELAS FOREX
KELAS FOREX
BASIC FOREX RM 300.00 5 APRIL
ADVANCE FOREX RM 1,500.00 12 APRIL
CONTACT YM : myforexwatch
myforexwatch@gmail.com
Tuesday, March 11, 2008
GBPUSD
GBPUSD
LONG position at 2.0040
STOP LOSS below 1.9960 (-80 pips).
THE TARGETS are 2.0092 / 2.0122 / 2.0140 / 2.0170 / 2.0222
SHORT position at 2.0000
STOP LOSS below 2.0080 (-80 pips).
THE TARGETS are 1.9950 / 1.9000
OP, SL & TP at your own risks
GBPJPY
GBPJPY
LONG position at 206.00
STOP LOSS below 205.00 (-100 pips).
THE TARGETS are206.78 / 207.14 / 207.96
SHORT position at 205.00
STOP LOSS above 206.00 (-100 pips).
THE TARGETS are 204.66 / 204.23 / 203.98
OP, SL & TP at your own risks.
GBPJPY
GBPJPY
SHORT position at 204.00
STOP LOSS above 205.00 (-100 pips).
THE TARGETS are 203.65 / 203.48 / 203.02 / 202.48
OP, SL & TP at your own risks.
Monday, March 10, 2008
GBPJPY
GBPJPY
LONG position at 206.00
STOP LOSS below 205.50 (-50 pips).
THE TARGETS are 206.30 / 206.70 / 206.98 / 207.25
GBPJPY
SHORT position at 206.00
STOP LOSS above 207.40 (-110 pips).
THE TARGETS are 205.76 / 205.58 / 205.16 / 204.92
OP, SL & TP at your own risks.
Saturday, March 8, 2008
KELAS FOREX
KELAS FOREX
BASIC FOREX --- 5 APRIL 2008
ADVANCE FOREX --- 12 APRIL 2008
Sila hubungi:
Che Mat Che Puteh
Mobile : 016 6819106
YM ID : myforexwatch
Email : myforexwatch@gmail.com
Tuesday, March 4, 2008
GBPJPY
The GBPJPY is expected to reverse it's trend tonight.
GBPJPY
LONG position at 205.10
STOP LOSS below 204.60 (-50 pips).
THE TARGETS are 205.30 / 205.76 / 206.04 /206.26
OP, SL & TP at your own risks
Thursday, February 28, 2008
KELAS FOREX
KELAS FOREX
BASICS FOREX : RM 300.00
ADVANCE FOREX : RM 1,500.00***
TEMPAT :
24A, Jalan Camar 4/3, Kota Damansara, P.Jaya.
MASA :
11:00 hingga 17:00 hrs
TARIKH :
Basics Forex : 5hb.April.2008
Advance Forex : 12hb.April.2008
Sila hubungi :
Che Mat
Nota RM 1,500.00*** : Wang Yuran ini akan dikembalikan sekiranya anda masih RUGI
Wednesday, February 27, 2008
Tuesday, February 26, 2008
GBPJPY
GBPJPY
LONG position at 212.38
STOP LOSS below 211.38 (-100 pips).
THE TARGETS are: 212.96 / 213.34 / 213.88 / 214.81
OP, SL & TP at your own risks
Monday, February 25, 2008
GBPJPY
GBPJPY
SHORT position at 210.90
STOP LOSS above 211.90 (-100 pips).
THE TARGETS are 210.00
OP, SL & TP at your own risks.
GBPJPY
LONG position at 210.20
STOP LOSS below 209.20 (-100 pips).
THE TARGETS are: 211.74 / 212.05 / 212.44 / 212.84
OP, SL & TP at your own risks
Saturday, February 16, 2008
KELAS FOREX
KELAS FOREX
BASICS FOREX : RM 300.00
ADVANCE FOREX : RM 1,500.00***
TEMPAT :
24A, Jalan Camar 4/3, Kota Damansara, P. Jaya.
MASA :
11:00 hingga 17:00 hrs
TARIKH :
Basics Forex : Setiap Sabtu minggu Pertama.
Advance Forex : Setiap Sabtu minggu Kedua
Sila hubungi :
Che Mat
Nota RM 1,500.00*** : Wang Yuran ini akan dikembalikan sekiranya anda masih RUGI





