Forex Futures Forum Archive for 03/15/2010

Syd 23:12 GMT March 15, 2010 Reply   
Talk the new emerging economic powerhouses are looking to increase the percentage of their reserves in gold rather than relying completely on international government paper

GVI Forex Blog 18:46 GMT March 15, 2010 Reply   
I will start with the Weekly. The previous week was a bearish signal after a few weeks of showing spinning-top-type of candlesticks.

FXTimes: Daily Technical Update USD/CHF Rounded Top and Bearish Outlook

GVI Forex Blog 18:26 GMT March 15, 2010 Reply   
Looking at the weekly, first note the break above resistance that was at 1.029. The Aussie has outperformed the Kiwi, although both are strong currencies in the global sense.

FXTimes: Daily Technical Update AUD/NZD Elliott Wave Counts

GVI Forex Blog 15:40 GMT March 15, 2010 Reply   
U.S. TICS flows rough Chinese - U.S. tensions mounting MPC's Barker sends GBP lower Greek problems contained?

Forex Market Commentary and Analysis (15 March 2010)

GVI Forex Blog 15:33 GMT March 15, 2010 Reply   
Bearish price action on GBP/USD, a daily chart of which is shown, as of Monday (3/15/2010) morning New York session, has erased much of the gains that the pair made late last week.

Chart of the Day - 3/15/2010 – GBP/USD

GVI Forex Blog 15:25 GMT March 15, 2010 Reply   
US equities traded off in the premarket this morning on follow-through weakness from both Asia and Europe.

Forex Blog - US Market Update (Trade the News)

GVI Forex Blog 15:23 GMT March 15, 2010 Reply   
Mar 15 (global-view.com) UPCOMING DATA HIGHLIGHTS: Tuesday will see the release of the German ZEW economic survey. It is not seen as being as accurate as the IFO survey due next week. Eurozone CPI (HICP) is due as well. In North America

GVI Forex- Data Outlook for March 16, 2010

GVI Forex Blog 14:02 GMT March 15, 2010 Reply   
How many times have you heard this little piece of inanity uttered: “Markets hate uncertainty.”?

Markets Misbehave. Certainty is fantasy!

GVI Forex Blog 13:20 GMT March 15, 2010 Reply   

Dollar Set to Rally on Lower Demand for Risky Assets

GVI Forex Blog 13:20 GMT March 15, 2010 Reply   

Dollar Rises as Demand for Risk Falls

GVI Forex Blog 12:29 GMT March 15, 2010 Reply   
The euro slipped on Monday on concerns that any potential financial aid package for Greece would not be enough to ease overall sovereign debt concerns within the euro zone.

FOREX NEWS-Euro falls as market sees no Greek quick fix

GVI Forex Blog 12:25 GMT March 15, 2010 Reply   

FX Thoughts for the day : 15-Mar-2010 - 1223 GMT

GVI Forex Blog 11:09 GMT March 15, 2010 Reply   
Recent UK economic data have painted a mixed picture, with the sharp fall in manufacturing production and exports in January contradicted by strong improvements in some of the business surveys – notably, the latest manufacturing and services sector PMIs. This week’s reports should hopefully bring a little more clarity,

Economics Weekly - UK budget deficit set to undershoot Chancellor’s forecast

GVI Forex Blog 11:03 GMT March 15, 2010 Reply   
Traders of the US await the publication of the Federal Open Market Committee (FOMC) decision on short term interest rate.

Forexpros Daily Analysis - 15/03/2010

Bris SH 10:53 GMT March 15, 2010 Reply   
OTHER
Entry: Target: Stop:

http://www.tradeonauto.com/blog

GVI Forex Blog 10:28 GMT March 15, 2010 Reply   
Currencies: The GBP was softer in choppy in its price action as the country's debt and political situation continues to be debated .

European Market Update: Traders focus shifting from European peripherals towards key central bank meetings; GBP continues to reflect political and economic uncertainties

GVI Forex Blog 10:04 GMT March 15, 2010 Reply   
10:00 GMT- Mar 15 (global-view.com) Markets seem to be reorienting themselves to start the new week. Key events at the start of the period will be the FOMC decision Tuesday and then the BOJ meeting...

Daily GVI Forex Forex View- New Directions?

Syd 06:16 GMT March 15, 2010 Reply   
Oil prices may challenge 2010 peaks near $84 a barrel this week on expectations higher demand from China will likely offset weaker growth rates in developed economies, a CNBC poll of analysts and traders found.
Five out of 11 respondents, or 45 percent, expect gains this week, four forecast steady prices while two called for a decline. Last week, Nymex crude were little changed -- in line with CNBC’s previous poll -- falling 0.3 percent to settle at $81.24 a barrel on Friday.

"I am bullish on crude and products due to robust China demand, the U.S. economic recovery on the near horizon and fund investments in commodities," said Chris Mennis,
President of New Wave Energy LLC. "I would not be surprised by a breakout over the $83.95 high achieved last January 11."

Robust demand from China, the world’s second largest energy consumer after the U.S., has contributed to a near 80 percent rally in crude prices last year.

Data released last week from China’s National Bureau of Statistics continued to show strong demand despite recent measures from the central government to cool overheating sectors of the economy by limiting the availability of credit.

Amongst the standouts in the data, China's refinery crude throughput rose to a record high of 8.32 million barrels a day in February.

Meanwhile, statistics from the consumer nations energy watchdog International Energy Agency reinforced China’s demand picture: demand surged by an "astonishing" 28 percent in January compared with the same month a year earlier, the IEA said.

Emerging Versus Developed Markets

The IEA also noted that demand for oil this year would be underpinned by rising needs from emerging markets, with half of all growth coming from Asia. Meanwhile, demand in developed countries would fall by 0.3 percent, according to the IEA. "Demand growth is still picking up in emerging markets but I think the pace of increase remains slower despite the fact that China and Brazil have become among the only bright spots for the global auto industry,” said Rachel Ziemba, Senior Research Analyst, China and Oil Exporting Economies at Roubini Global Economics.

http://www.cnbc.com/id/35867964

GVI Forex Blog 03:40 GMT March 15, 2010 Reply   

Morning Briefing : 15-Mar-2010 - 0338 GMT