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12-1 Economic Calendar

Written November 30, 2011 at 11:45 PM EST by Vincent Facchino 

Archived in Economic Statistics

China HSBC manufacturing PMI 47.7 for November.

Written November 30, 2011 at 9:30 PM EST by John Teister 

Archived in Forex Trading

usd/cnh slowly building an uptrend

Written November 30, 2011 at 8:20 PM EST by Edwin Tsui 

usd/cnh slowly building an uptrend after breaking through that downward trend-line.

Archived in Forex Trading

Chinese manufacturing PMI 49.0 vs 49.8 forecast and 50.4 prior reading.

Written November 30, 2011 at 8:15 PM EST by John Teister 

Archived in Forex Trading

Risk a little firmer after Nikkei opens up 2.35%

Written November 30, 2011 at 8:13 PM EST by John Teister 

The USD gave up a lot of ground today against all of the majors as the Dow Jones Industrial Average and S&P 500 both closed the day up over 4%. After the departure of North America from the market, trading has been mild until recently when we’ve started to see modest retracements of the moves made earlier today. With the Nikkei 225 opening more then 2% higher, some of the risk currencies (EUR, GPD, AUD) are receiving a boost.

Looking at the AUD/USD, the pair tested resistance at the 100 day moving average after the USD got crushed, but moved lower; finding resistance around 1.0206.

From the hourly perspective we are seeing support around 1.0206; looing towards 1.0298 as the next hourly target.

Archived in Forex Trading

usd/sgd gaps lower but finds suppor at the 200 MV

Written November 30, 2011 at 8:07 PM EST by Edwin Tsui 

usd/sgd gaps lower but finds suppor at the 200 moving average.

Archived in Forex Trading

Aussie dollar weaker following worse than expected releases.

Written November 30, 2011 at 7:34 PM EST by John Teister 

  • Building approvals – Survey: 3.6%   Actual: -10.7%   Prior: 2.4%
  • Retail sales (m/m) – Survey: 0.4%   Actual: 0.2%   Prior: 0.4%
Archived in Forex Trading

usd/hkd gaps lower to near recent lows

Written November 30, 2011 at 7:10 PM EST by Edwin Tsui 

usd/hkd gaps lower to near recent lows

Archived in Forex Trading

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