New Zealand Interest Rate Decision at 5PM
April 27, 2011 by Lawrence Fayman · Leave a Comment
Canada Housing Starts due at 8:15AM
November 8, 2010 by Lawrence Fayman · Leave a Comment
Bobbys Corner-Open Market-March.24.2010
March 24, 2010 by Bob Slade · Leave a Comment
Good Morning:
The Euro fell across the board as the EU may seek IMF assistance to bailout Greece. The EUR/USD pair traded at the lowest level in 10 months, and CHF traded at a near record high against the single currency.
More bad news hit the Euro Zone, as Fitch Ratings lowered Portugal’s credit grade overnight.
The EU will be put to a test regarding Greece’s debt issue. If the EU has problems dealing with a relatively small issue like Greece’s debt problems-how will they deal with a real economic disaster? The marketplace will be watching very closely to see how the EU will handle this problem, and the future of the Euro may be at the forefront of this decision.
Asian equity markets were lower, and Europe is lower. US Futures are pointing to a lower opening this morning.
Metals and oil also dropped, as the dollar accelerated.
Oil:$80.60 Gold:$1094.10
| TIME | FOR | EST | PRIOR | |||
| 8:30A.M. | DURABLE GOODS ORDERS | FEB. | 0.50% | 3.00% | ||
| 8:30A.M. | DURABLES EX TRANSPORTATION | FEB. | 0.60% | -0.60% | ||
| 10:00A.M. | NEW HOME SALES | FEB. | 315K | 309K | ||
| 10:00A.M. | NEW HOME SALES MoM | FEB. | 1.90% | -11.20% | ||
HAVE A GREAT DAY & GOOD LUCK
Eurozone Industrial Orders
October 23, 2009 by Vincent Facchino · Leave a Comment
Eurozone Industrial Orders m/m came in at 2.0%, stronger than the 1.2% expected.
Eur/Usd got a small lift of good number , it now trades at 1.5033 up about 10 points. Sterling’s weakness is still dominating trading and Euro gains may be attributed to Eur/Gbp’s rise. The pair currently trades at .9150 up 130 points in last 40 minutes.
Live Online Training 4pm Wednesday, Sept 2nd 2009
August 31, 2009 by Shawn Powell · Leave a Comment
We are looking for 25 Beta Testers for our new live online training classes using Webex platform. The first class will be held at 4pm EST on Wednesday, Sept 02, 2009. It will be approx 30 mins long. There is no cost to attend. Please email us at spowell@fxdd.com with your name and email address. We will respond with a welcome link for the first live training.
Presenters: Greg Michalowski and Shawn Powell
Aussie New Home Sales for July
August 30, 2009 by Alex Chernomordin · Leave a Comment
The HIA New Home Sales month over month for July came in worse than the prior reading at 0.1% versus the June reading of 0.5%. The AUD moved lower on this back dated release as it traded off session highs against the USD.
IMF’s Lipsky on the Wire
August 20, 2009 by Alex Chernomordin · Leave a Comment
Risk and commodity pairs received a mild boost from the following comments from the IMF’s Lipsky:
- The recovery is unlikely to be quick and sharp.’
- There is more to go to restore banks.
- IMF may upgrade global growth forecast.
Usd/Jpy trading around 200 hour M/A
August 3, 2009 by Vincent Facchino · Leave a Comment
Usd/Jpy has been trading around its 200 hour M/A (94.71) since Friday’s selloff down to 94.48. I would look at the 200 hour M/A as a good level of support. A run up will bring resistance around 95.00 with both 100 hour M/A lying at 94.97 and 38.2 retracement of recent high at 95.01. If it breaks lower the next support will be Friday’s low of 94.48.
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