Forex News Blog
Back to The Headlines
Tuesday September 5, 2006 - 09:34:57 GMT
Share This Story
ACM - www.ac-markets.com
The greenback was weaker on the Yen in Asia
By Stéphane Marie - ACM Senior Trader
Yesterdays News and Events:
The Dollar eased against the Euro on Monday as a slightly better than expected U.S. jobs report did little to alter expectations that the Dollarâ€™s yield advantage could wane in the coming months. The Dollar also eased against the yen in early trade after a survey showed Japanese firms increased capital spending by 16.6 percent in the April-June quarter compared with a year earlier. While the Dollar rose initially on Friday in the wake of the jobs report, there was little change to market expectations that the Federal Reserve would hold interest rates steady at 5.25 percent at its policy meeting this month. The European Central Bank, meanwhile, is expected to raise interest rates in the coming months. While the Dollar looks vulnerable, it may gain some support against the Yen, which fell to record low against the Euro last week after soft Japanese data caused market expectations for a Bank of Japan rate rise this year to recede. A news conference by Bank of Japan on September 8 after a two day BOJ policy board meeting may change things a bit. The BOJ is widely expected to hold rates steady at 0.25 percent at this weekâ€™s meeting.
Todays Key Issues:
Euro PMI Services survey at 09.00 GMT (57.5 versus 57.9).
UK PMI Services Survey at 09.30 GMT (57.5 versus 57.9).
Euro Retail Sales MoM at 10.00 GMT (-0.3% versus 0.5%).
Euro Retail Sales YoY at 10.00 GMT (1.2% versus 1.5%).
The Risk Today:
USDJPY is now just ahead of the major technical support of 115.70 and there are rumors of China buying at 115.75. A break here targets 115.25. EURUSD slipped back from 1.2870 to 1.2835 with all the cross selling. We still hear of possible â€˜officialâ€™ interest to sell at 1.2880 and also of bids at 1.2830 confining the pair.
Resistance and Support:
|EURUSD ||GBPUSD ||USDJPY ||USDCHF |
|1.2950 K ||1.9195 S ||117.25 T ||1.2475 S |
|1.2920 S ||1.9160 T ||116.70 S ||1.2420 T |
|1.2880 M ||1.9100 M ||116.35 P ||1.2370 M |
|1.2825 ||1.9070 ||115.68 ||1.2330 |
|1.2785 S ||1.9030 M ||115.25 T ||1.2250 T |
|1.2740 K ||1.9000 S ||114.75 S ||1.2200 S |
|1.2725 M ||1.8890 K ||114.25 K ||1.2186 K |
|S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot |
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 18 December 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.
- POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
- POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity
- POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
- POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
TRADER ADVOCACY ARTICLES
Trader's Advocate Articles..