FXDD Today and Tomorrow: Weekend Edition for April 6th to April 10th

Written April 3, 2009 at 3:53 PM EST by  

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FXDD Today and Tomorrow, Weekend Edition  is now available for download.  The concise one day report, gives a snap shot of the market near the close of trading.  It also gives a picture of the trend of the major economic releases due out over the next week.  To access the report click on the following link

 

  FXDD Today and Tomorrow Weekend Edition for April 6th week (61.1 KiB, 1,260 hits)
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 Thank you for choosing FXDD and have a great weekend

Greg Michalowski

Trading forex is risky and should only be done with risk capital that will not change your lifestyle. Traders could lose all of their risk capital trading forex. FXDD does not guarantee any recommendation made within this commentary. Traders should make market assessments and take trading positions based on their own personal market analysis, risk tolerance and financial condition. In addition, care should be made to only use leverage which is congruent with your personal risk tolerance. Although care was taken in creating this report, FXDD does not guarantee the accuracy of the information
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6 Responses to “FXDD Today and Tomorrow: Weekend Edition for April 6th to April 10th”

  1. Earlyn Shuffler on April 4th, 2009 9:55 pm

    As usual I greatly appreciate your comment on the markets and what to expect on the major pairs.

    It would be interesting to hear your views on the the actions taken at the G20 Heads of Government meetings last week. Will there be any immediate impact on markets?

  2. Greg Michalowski on April 4th, 2009 9:58 pm

    Earlyn, the G20 meeting has come and gone and the market reaction was favorable. The stock markets seemed to have liked what came out of the meetings. Remember, the US Unemployment numbers were once again horrible on Friday, yet the stock market rallied. I think the G20 helped contribute to the renewed optimism in the short term at least (I am not long term bullish on the stock market, however).

    Specifically, the market seemed to like the unity exhibited by the group. They liked the idea that the IMF would become more involved to help stabilize the less developed countries. They acted as one in pledging the support to the IMF so they could accomplish this goal. Remember, eastern Europe is on fragile ground as is other emerging countries who were not long ago the high flyers in the global economy and a stimulus to global growth. Now they threaten the banking system of western European countires and can easily rock an already unstable apple cart. The funding to the IMF seems to be from the sale of gold reserves. As a result, the price of gold was pressured on Thursday and Friday. The dollar sold off against the EUR, GBP and CHF but rallied agaisnt the JPY. This is consistent with the recent trend. If there is hope for improvement in the global economy, the safe haven flow into the dollar is reversed. It can also mean, the US fiscal and monetary actions are out of control in the US, and are dollar bearish longer term.

    Overall, it was another shot in the arm intended to stimulate a global economy which is of course suffering and fragile. These are extraordinary times and the unifying belief seems to be that doing something, is better than nothing. The other belief is that if there is solidarity, it may be enough to bring a little more confidence to consumers and businesses alike. Now is the time to unite and the actions by the G20 seemed to prove it.

  3. Earlyn Shuffler on April 9th, 2009 10:34 am

    Thanks Greg
    I appreciate you taking the time to respond with your analysis of the G20 impact on the business enviroment. There certainly is a sense of optimism after the meetings.
    Hope the solidarity show in support for the IMF will lead to real help for the developing countries.

  4. Greg Michalowski on April 9th, 2009 11:03 am

    Well the global nature of the economy is more and more evident. There are those countries who need money to survive. There are others who were the high flying emerging economies just 9 months ago. The spigot being turned off has to be very destabilizing. I would not necessarily like to see strong rebounds for fear of recreating the mess we are going through. A stabilization, then steady growth would be preferred.

  5. Dane,frm Nigeria. on April 12th, 2009 2:05 am

    Hi Greg, am a new member in fx & i one 2 go into managed account progrem,what re the procedor?

  6. Greg Michalowski on April 12th, 2009 11:42 am

    FXDDAuto provides FXDD clients a fully automated trading system that executes signals and strategies from third party signal providers in an FXDD trading account. To learn more about this, you can go to http://www.fxdd.com/en/forex-trading-software/fxdd-auto.html

    If you have further question, FXDD customer support can be reached by going to http://www.fxdd.com and clicking on the icon in the top right section that says Live Support. This will put you in a chat conversation with a customer support representative. Alternatively, you can call our offices during the week at 212-791-3933.

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