Forex - Technical research
Forex - Fundamental research
Forex - Trading signals, forecasts and strategy
Forex - Currency reports and news
Wednesday,
21 November 2007,
05:53 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
November 21, 2007
GMT 05:45
EUR/USD
Today’s support: - 1.4794 and 1.4768(main), where correction is possible.Break would give 1.4740, where correction also may be. Then 1.4718. Break of the latter would result in 1.4696. If a strong impulse, we would see 1.4678. Continuation will give 1.4646.
Today’s resistance: - 1.4884 and 1.4920(main). Break would give 1.4951, where a correction is possible. Then 1.4973. Break of the latter would result in 1.4994. If a strong impulse, we’d see 1.5008. Continuation will give 1.5026.
USD/JPY
Today’s support: - 108.64, 108.46 and 108.30(main). Break would bring 108.03, where correction is possible. Then 107.
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Wednesday,
21 November 2007,
04:30 GMT
Forex - Currency reports and news and
GCI Forex Research
by FX Research Desk
Daily Recap and a day ahead
Daily Recap
EUR/USD at new lifetime high; 1.50 figure in sight
USD given on fresh rumours of Gulf states reducing greenback exposure
Liebscher: hawish; Juncker: “deplore” fast moves; Quaden: weakness on way
Brief reprieve for U.S. housing: Oct housing starts up 3.0%
Fed funds futures eye 59% change of -50bps move in Dec
EU looking for concessions from China at next week’s trade summit
CBI industrial trends better-than-expected: enough to prevent Dec easing?
Canadian Oct core CPI up 0.2% m/m and 1.8% y/y: end of tightening cycle?
Fed: Oct cut a “close call”; Fed pares sees 2008 1.8%-2.5%; core PCE 1.
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Wednesday,
21 November 2007,
04:28 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro surged higher vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4815 level and was supported around the $1.4635 level. The common currency established a new lifetime high today on reports that Saudi Arabia and the United Arab Emirates are considering de-pegging their currencies from the greenback. Changes to Middle Eastern exchange rate could potentially have an adverse impact on the U.S. dollar because Middle Eastern countries would likely accumulate more euros and British pounds. Furthermore, these entities control hundreds of billions in petrodollars as a result of elevated energy prices and a shift in exchange rate policies could have a dramatic impact.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Tuesday,
20 November 2007,
06:15 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Fundamental Outlook
The euro appreciated vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4685 level and was supported around the $1.4620 level. Technically, today’s intraday low was right around the 50% retracement of the move from $1.4520 to $1.4725. Traders await the release of FOMC meeting minutes from the end of October tomorrow to help assess the likelihood the Fed may trim interest rates again next month. The Fed will also release new economic projections tomorrow that were announced last week by Chairman Bernanke, an attempt to boost transparency by releasing economic estimates four times per year instead of two. U.S. housing starts data for October will also be released tomorrow.
• EUR
• JPY
• GBP
• CHF
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Tuesday,
20 November 2007,
02:40 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
November 20, 2007
GMT 02:30
EUR/USD
Today’s support: - 1.4614 and 1.4591(main), where correction is possible.Break would give 1.4574, where correction also may be. Then 1.4558. Break of the latter would result in 1.4556. If a strong impulse, we would see 1.4523. Continuation will give 1.4501.
Today’s resistance: - 1.4695 and 1.4704(main). Break would give 1.4726, where a correction is possible. Then 1.4738. Break of the latter would result in 1.4764. If a strong impulse, we’d see 1.4783. Continuation will give 1.4800.
USD/JPY
Today’s support: - 109.56(main). Break would bring 109.36, where correction is possible. Then 109.07. If a strong impulse, we would see 108.
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Monday,
19 November 2007,
08:52 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Weekly calendar
Monday, 19 November 2007
all times GMT
(last release in parentheses)
0001 UK November Rightmove house prices (2.7% m/m)
0001 UK November Rightmove house prices (10.4% y/y)
0115 Singapore Minneapolis Fed President Stern speaks
0530 Japan October nationwide department sales (-2.5% y/y)
0530 Japan October Tokyo-area department store sales (-2.1% y/y)
0915 Germany European Central Bank member Tumpel-Gugerell speaks
1000 Eurozone September construction output (0.4% m/m)
1000 Eurozone September construction output (2.8% y/y)
1100 Ghana U.
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Monday,
19 November 2007,
08:46 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Weekly market recap, week ahed, and schedule
The euro depreciated vis-a-vis the U.S. dollar last week as the single currency tested bids around the $1.4520 level and was capped around the $1.4725 level. The pair lost about 40 pips last week. Bernanke boosted Fed transparency by increasing the number of economic forecasts published by the Fed to four from two and will increase the time horizon to three years from two years. Also, the Fed will publish forecasts for headline and core inflation, inching closer to the adoption of a formal inflation target. Dallas Fed’s Fisher said markets are “preoccupied with economic growth at the expense of doing our job on the inflation rate.” Bush reiterated the strong U.S. dollar policy. Fed’s Kroszner sees more “downbeat” data but doesn’t know if rates should come down further.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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