- IMF spokesperson says next tranche is likely in November
- US Leading Indicators Stay the Same, Existing Home Sales Worsen & Philadelphia Fed Survey Improves to 8.7%
- Philly Fed surprises on the upside. New orders up, Employment down
- Markets unsettled today. My risk is increased. My fear is increased.
- Traders Course Webinar Training with Greg Michalowski and Shawn Powell TODAY 4:00PM
- Now EU senior sources say unaware of any plans to postpone EU summit.
- EURUSD being pushed around
- Charting the Majors with James Chen – Webinar Today, October 20 at 9:30 AM U.S. ET
- German government does not exclude postponing EU summit
- EFSF CEO says will do all it can to keep the AAA rating for bond it issues
- USDJPY moves above 200 and 100 hour MA and spikes higher
- Intial Claims come in as expected. EURUSD below 100 hour MA
- Canada Wholesale Sales 0.2% vs 0.5%, Prior of 0.8%
- US Jobless Claims Stay Over 400K
- Guidelines document for EFSF
Posted: 20 Oct 2011 07:33 AM PDT
|
Posted: 20 Oct 2011 07:04 AM PDT Philadelphia Fed: Survey: -9.4 Actual: 8.7 Prior: -17.5 Leading Indicators: Survey: 0.2% Actual: 0.2% Prior: 0.3% Existing Home Sales: Survey: 4.91M Actual: 4.91M Prior: 5.03M Existing Home Sales (MoM): Survey: -2.3% Actual: -3.0% Prior: 7.7% Sep vs. Aug 2011Northeast: 0.790 vs 0.770 Midwest: 1.090 vs 1.100 South: 1.890 vs 1.940 West: 1.140 vs 1.250 |
Posted: 20 Oct 2011 07:01 AM PDT New Orders 7.8 vs -11.3 Employment lower at 1.4 vs 5.8 Prices Paid: 20 vs 23.2 last month Shipments 13.6 vs -22.8 last monthPrices received -2.5 vs +0.9 EURUSD (Risk ON) moved higher on the inital reaction and has since moved back lower. Levels to eye: 1.3758 is the close from yesterday (1.3757 is the days midpoint) 1.3738 is the 200 hour MA 1.3781 is the 100 hour MA above |
Posted: 20 Oct 2011 06:57 AM PDT  The forex markets seem to be unsettled today. There was talks that the summit might be postponed (from German news citing German officials). Those rumors were later denied from various sources There was a rally on the denial but the move higher did not hold and the last half hour or so has been up and down in the pair. This is likely to continue to be the “trend” for the day. As a result, my risk is increased which makes me more fearful, cautious and patient. The EURUSD choppy trading is also evident in the USDJPY. That pair got a boost on a think tank report that was favorable for the USDJPY, but it too is back down.  |
Posted: 20 Oct 2011 06:56 AM PDT  Traders Course Webinar Training with Greg Michalowski and Shawn Powell – Thursday at 4:00 PM - Register now |
Posted: 20 Oct 2011 06:31 AM PDT  So the EURUSD moves higher and is back above the 1.3737 level which is the 200 hour MA. Other levels in play today include the 1.2758 which is the close from yesterday and the 100 hour MA at the 1.3781 level. Expect the market to continue to be pushed around today. There seems to be a lack of liquidity in the market with the uncertainty of the weekend. I am not feeling all that comfortable with the trading action. |
Posted: 20 Oct 2011 06:25 AM PDT There was a report out of a German news source that the German officials did not rule out postponing the EU summit scheduled for the 23rd. This has sent the EURUSD down on another leg lower. The price is below the 200 hour MA now at the 1.3737 level. The 61.8% of the days range also comes in at the 1.3737 level. Traders will be watching the level now to see if the price can rebound. |
Posted: 20 Oct 2011 06:13 AM PDT  Please join us today (Thursday, October 20) at 9:30 AM U.S. ET for FXDD’s Charting the Majors with James Chen. This free webinar will feature the current technical outlook on the major currency pairs in an interactive and educational session. Please click here to register:https://www1.gotomeeting.com/register/782446184 . |
Posted: 20 Oct 2011 06:07 AM PDT EURUSD has moved back lower on the report This report is from government and coalition sources according to Die Welt |
Posted: 20 Oct 2011 05:59 AM PDT |
Posted: 20 Oct 2011 05:50 AM PDT   The USDJPY moved higher on the back of a move above the 200 and 100 hour MAs and an unconfirmed report of a think tank report that is positive for the USDJPY. The 200 hour MA has been a ceiling level for the most part over the last few days. That level comes in at the 76.86 level today. The 100 hour MA comes in at the 76.90. Breaking those levels triggered stops and the price spiked higher. SO far, the price has peaked at the 77.08 level. The 77.24 and 77.42-48 are the next targets for the pair. Look for close support at the 77.96 area now. |
Posted: 20 Oct 2011 05:32 AM PDT  The EURUSD has moved below the 100 hour MA in early NY trade at the 1.3781 level. The close from yesterday came in at the 1.3758 level. The 200 hour MA at the 1.37357 is the 61.8% of the move up from the low on Tuesday. The 200 hour MA is at the same level currently. On the daily chart the 50% and the 38.2% level has been support and resistance for the pair. Over the week, the range has been consolidating after the sharp trend move last week. The high for the week has been 1.3913. The low has been 1.3652. The 261 pip range. This is the lowest range since August 21st. Discounting that week, the lowest prior range was in April. So this implies a chance for an extension of the range. So be aware of the possibility.  |
Posted: 20 Oct 2011 05:31 AM PDT |
Posted: 20 Oct 2011 05:31 AM PDT Jobless Claims: Survey: 400K Actual: 403K Prior: 404K Revised: 409K Continuing Claims: Survey: 3690K Actual: 3719K Prior: K Revisad: 3694K |
Posted: 20 Oct 2011 05:06 AM PDT
|
Postar um comentário
Muito obrigado por sua participação.