USD/JPY Moving Back Toward Support

July 21, 2009 by · Leave a Comment 

As the USD strengthens across the board, except against the Yen, we see the USD/JPY pair approach support at the 50% retracement. Looking on the hourly chart below the 200hr moving average and perhaps developing trendline could provide support ahead of the level.

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Bobbys Corner-Open Market-July.8.2009

July 8, 2009 by · Leave a Comment 

Good Morning:

The overnight FX markets were up and down most of the evening.  With no major economic data worldwide the markets traded within familiar ranges.
USD sentiment remained positive. With no majoe data due in the US-it may well be a range bound trading day.
JPY rose-as investors look for a safe haven as the  global recovery slows.

World equity markets fell-as speculation that the Group of 8- meeting in Italy will have little new ideas tto combat the ongoing worldwide recession.

Oil$62.35                        Gold:$919.80

Today’s data:
Consumer Credit:  exp: -$8.5B             prior: -$15.7B

HAVE A GREAT DAY & GOOD LUCK

7-8 Economic Calendar

July 7, 2009 by · Leave a Comment 

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SNB Hildebrand

July 3, 2009 by · Leave a Comment 

SNB’s Hildebrand states in Swiss press that the world economy is no longer in freefall and Swiss economic recovery could be slower than other regions

Eurozone Current Account

June 24, 2009 by · Leave a Comment 

Euro Current Account came in at -5.9 b, weaker than the -4.7b forecasted but stronger than the 6.5b prior reading.

Eur/Usd currently trading mid range at 1.4110.

GfK German Consumer Climate

June 23, 2009 by · Leave a Comment 

GfK German Consumer Climate came in at 2.9 beating the 2.5 estimate and prior reading. Eur/Usd currently trading at 1.3830, thus far the low of the session.

6-23 Economic Calendar

June 22, 2009 by · Leave a Comment 

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EUROZONE’s Junker on the Wires

May 29, 2009 by · Leave a Comment 

EU’s Junker: Does not yet see the end of financial crisis

- Exchange rate volatility remain excessive
- Answers to toxic assets are satisfactory

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