Forex News Blog
Back to The Headlines
Tuesday September 26, 2006 - 10:23:13 GMT
Share This Story
ACM - www.ac-markets.com
Dollar holds gains versus euro after housing data
By Stéphane Marie - ACM Senior Trader
Yesterdays News and Events:
The dollar gained against the euro on Monday, buoyed by unexpectedly resilient U.S. home sales data, but moved little against most currencies as investors braced for a big week of U.S. economic data. Gains were limited, though, with consumer confidence and inflation data still to come later in the week. Major currencies have been trapped in narrow ranges for the past couple of months as investors look for more clues on monetary policy after the Federal Reserve halted a two year long tightening policy in August.
Todays Key Issues:
German IFO- Expectations (Sept).
US September Consumer Confidence.
The Risk Today:
Consumer Confidence data is due today, while later in the week investors will take a close look at the Personal Consumption Expenditure index, the Fedâ€™s favorite measure of inflation. Investors are also awaiting, closely watched, German IFO business climate survey for September following a rise in the business confidence indicator in Belgium. The headline figure is expected to come in at 104.4 down from 105 in the previous month and the third straight monthly decline. Even so, the index would not be far off the 15 year highs posted in June, and signs of a resilient euro-zone economy are expected to lead the European Central Bank to raise interest rates again in October to keep a lid on inflation. Despite its declining rate advantage, the dollar has held up well and is set to end the third quarter virtually flat against a basket of six major currencies. Some banks are still betting on a turnaround.
Resistance and Support:
|EURUSD ||GBPUSD ||USDJPY ||USDCHF |
|1.2941 K ||1.9219 S ||118.30 T ||1.2625 S |
|1.2880 S ||1.9146 T ||117.77 S ||1.2545 T |
|1.2834 M ||1.9094 M ||117.49 P ||1.2432 M |
|1.2715 ||1.8950 ||116.40 ||1.2411 |
|1.2708 S ||1.8920 M ||115.96 T ||1.2287 T |
|1.2630 K ||1.8863 S ||115.56 S ||1.2274 S |
|1.2575 M ||1.8797 K ||115.18 K ||1.2228 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 11 December 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
- POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI
- POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
- POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
- POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
- POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision
- POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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..