Aku Datanggggggggg,,,,,,

Setahun? OMG

Euro Starts The Day Under Pressure - Cable Gains a Buoyant Tone When Cameron Takes His Seat as PM

Briefing
The dollar and yen edged higher in early Asia as equities reversed early gains and the euro continued to loose ground after its recent rally.

Euro-dollar started the day under pressure again, driving the pair off a $1.2668 high, despite dealers noting fairly light orders. The pair hit an early low of $1.2616 as funds continued to sell the euro on rallies, while bids from around $1.2600/590 contained the downside. The pair saw a brief bounce to $1.2640, before retesting the session lows, extending the base to $1.2605.

Dollar-yen saw a fairly choppy morning session within a relatively tight trading range between Y92.50/95, reflecting modest 2-way flows with most trade cross yen driven.

Sterling eased in tandem with the other majors, the initial euphoria over a Con-LibDem coalition taking cable to NY highs of $1.5005 before attention was turned to how the new UK government will handle the UK deficit, with the EU suggested to be unwilling to aid the UK if it gets into crisis.

UK trade data at 0830GMT, EZ GDP at 0900GMT and the Bank of England Inflation report at 0930GMT provide the morning's focus. US trade data is also due, at 1230GMT.

Euro
Euro-dollar opened Asia around $1.2663 with the rate coming under early pressure, as margin houses sold this pair along with dollar-yen and euro-yen as they reacted to the after-hours stop-driven dip in the S&P. Triggered stops on break of $1.2650 provided added weight to take rate down to $1.2615. The dip attracted short term model buyers that allowed rate to recover back to session highs of $1.2668 before faltering in the face of a euro-yen reversal prompted by the negative turnaround in Asian equities. Rate dropped back to $1.2620, edging back to $1.2650 before another wave of selling ahead of the European open took rate to lows of $1.2606. Asian sovereign demand is said to have cushioned the move lower with recovery to $1.2645/50 into early Europe aided by mid east demand. Rate currently trades around $1.2632.

Underlying tone remains bearish for euro but traders warn that the large short positions being held could leave the market open to sharp corrective spikes. Bids remain in place to $1.2600, stops on break of $1.2590. Resistance $1.2665/70, stops above. One trader notes that Asian sovereign demand is now seen placed from $1.2610 through to $1.2580, adding that there is option interest centred on the $1.2600 level, while another adds that stops are seen placed on a break of the figure. Some of the demand reportedly linked to today's German 2-yr note auction (E7bln). Above the offers at $1.2665/70 and stops above, traders seen layered offers from $1.2680 through to $1.2710.

RES 4: $1.3165 21-day moving average
RES 3: $1.3100/15 High 10 May, 50% of $1.3692 decline, Low 28 Apr
RES 2: $1.2950 High 7 May
RES 1: $1.2705 5-day moving average

CURRENT LEVEL: $1.2624

SUP 1: $1.2530 Current base of the declining Bollinger band
SUP 2: $1.2515 Low 6 May
SUP 3: $1.2459 Recovery low 4 March
SUP 4: $1.2329 Lows Oct 2008

Yen
The yen opened in early Europe around Y92.51 and Y116.62 vs the euro. Another quiet session for dollar-yen overnight, trading a Y92.44-Y92.94 range in Asia. Early dollar-yen sales saw the pair down to the low as margin houses liquidated long positions after equity markets came under pressure. Cross-yen remained weak for much of the session trading down to Y116.67 initially as stops sub Y116.80 were triggered, then Y116.57 later in the session again as more risk aversion saw longs liquidated.

Traders report euro-yen is the cross of choice at the moment for the intraday jobbing community and note that some stops for these accounts are placed sub Y116.50 level. Traders also note stops in dollar-yen placed sub Y92.20 with bids between Y92.30-40 offers ahead of Y93.50.

RES 4: Y95.22 Resistance line from 7 Jan
RES 3: Y95.05/09 High 24 Aug, 61.8% retracement of 2009 decline
RES 2: Y94.97 High 4, 5 May
RES 1: Y93.25/54 21-day moving average, High 10 May

CURRENT LEVEL: Y92.51

SUP 1: Y92.10/25 5 & 55-day moving average & Top of Ichimoku cloud
SUP 2: Y91.45/55 Tenkan & Base of Ichimoku cloud, 100-day moving average
SUP 3: Y91.20 200-day moving average
SUP 4: Y88.22 Spike low

Cable
Cable put in a bullish session Tuesday, which combines with a bull-cross in the stochastic study and an upturn in momentum to offer hopes of recovery for the bulls. However, this still risks being a "dead-cat bounce" as the market struggles to hold atop initial support at $1.4860 from the 5-day moving average, while the base of the daily Bollinger band, which is also declining is currently at $1.4760. Bulls need to quickly turn attention back to the $1.5055 high and Fibonacci levels from $1.5122.

Euro-sterling studies remain near the lows and still seek recovery, but this comes as the market rejected the 21-day moving average and reasserted the declining channel, which has dominated the trend since early March. The base of this 'channel' comes in at stg0.8408.

RES 4: $1.5330 Resistance line 19 Jan
RES 3: $1.5220 21-day moving average
RES 2: $1.5122/26 61.8% retracement of Apr/May decline, Low 28 Apr
RES 1: $1.5055 High 10 May

CURRENT LEVEL: $1.4864

SUP 1: $1.4712 Low 6 May
SUP 2: $1.4487 61.8% projection
SUP 3: $1.4475 Low 7 May
SUP 4: $1.4336 76.4% of 2009/10 range

MORNING FX
BRIEFING
The dollar was again mixed in Asian trade Weds, lower against the euro and little changed against the yen, although off early highs. Euro-dollar fell to a $1.4680 low in NY last night and extended that to $1.4665 in Asia. Euro-dollar bounced back above $1.4700 as short positions were covered. The pair eventually touched a $1.4735 in late morning trade. Dollar-yen rose to a Y88.70 high after the Cabinet Office released its revised GDP estimates for Q3, backing off soon after it hit the high as yen crosses slid on higher risk aversion, eventually hitting a Y88.29 session low, before bouncing modestly.

Cable was under pressure from the start of Asian trade, gapping down 60 pips to $1.6228 and had noticeable trouble tracking euro-dollar's recovery. Fresh selling into Europe has allowed rate to make a brief show under $1.6200. Sterling in focus ahead of today's Pre Budget Report (1230GMT). Ahead of this we have Germany CPI and trade at 0700GMT, France trade at 0745GMT as well as UK trade at 0930GMT. Light calendar again for the US. Risk aversion plays in thin conditions expected to make for volatile conditions.

EURO
Euro-dollar opened Asia around $1.4705 with the early pre Tokyo market taking advantage of thin markets to target stops below the NY low at $1.4680 taking it to an early low of $1.4665. Asian sovereign demand (book balancing mentioned) provided the main recovery drive, the rate recovering to an initial high of $1.4734. Rate consolidated the recovery by holding above $1.4725/20, eventually extending the topside to $1.4736.

Downside pressure returned just ahead of the European open with strong sell pressure taking the rate through $1.4720, pulling back to $1.4692 (61.8% $1.4665/1.4736). Rate currently trades around $1.4695. A break lower and decent support seen in place again toward $1.4680 ($1.4682 76.45) ahead of the overnight low at $1.4665. Further support/demand seen at $1.4650 ahead of stronger area between $1.4625/20 ($1.4626 Nov 3 lows). Resistance seen toward $1.4720 ahead of the overnight high at $1.4736. Above here and the stronger area between $1.4750/60 moves into view.

RES 4: $1.5163 76.4% of decline from July 2008 high
RES 3: $1.5144 High 25 Nov
RES 2: $1.4945 21-day moving average
RES 1: $1.4850/60 5, 55-day moving average

CURRENT LEVEL: $1.4732

SUP 1: $1.4673 Low 8 Dec
SUP 2: $1.4612/25 23.6% of Apr/Dec & 38.2% Jun/Dec advance, 100-DMA
SUP 3: $1.4595 50% retracement of the advance from August 2009
SUP 4: $1.4510 23.6% of March/Dec 2009 rally

YEN
Dollar-yen closed the US session mid-range in the Y88.40 area, with euro-yen ending around Y130.00. The final Q3 GDP growth estimate Wednesday was heavily revised down to +0.3% q/q from the initial estimate of +0.7% q/q. The large revision was caused by the earlier over-estimation of capital spending by corporates. Traders said there was little reaction to the data release, with the early rally coming at the open and led by a Japanese trust bank.

Highs were notched at Y88.70 before a Japanese car company came in to sell euro-yen ahead of Y130.50, knocking the cross back towards Y130.00 and dollar-yen down to Y88.29. Balance of the Asian session was a muted affair, as dollar-yen held a tight range under Y88.50 and euro-yen faltered ahead of Y130.35. Risk sentiment still seen precariously balanced into the European open after a down day for Asian stocks, with euro-yen extending the lows down to Y129.18 at writing. Dollar-yen also on the backfoot as widespread cross-yen sales drive the rate down to Y87.80 at writing.

RES 4: Y92.32 High 27 Oct
RES 3: Y91.55 Top of Ichimoku cloud, 100-day moving average
RES 2: Y91.31 High 4 Nov, 50% retracement of Aug to Nov decline
RES 1: Y90.50/75 Base of Ichimoku cloud, High 4 Dec

CURRENT LEVEL: Y88.34

SUP 1: Y88.05 Kijun line
SUP 2: Y87.79 50% retracement of 26 Nov rally, Tenkan line
SUP 3: Y87.09 61.8% retracement of 26 Nov rally
SUP 4: Y85.89 Minor low 30 Nov

CABLE
Opened Asia around $1.6284 and came under strong sell pressure in the period between the NY close and the Tokyo open, the market taking advantage of the thin conditions to target and trigger stops through $1.6250. Rate dropped to session lows of $1.6224 before picking up demand interest into the dip. Rate recovered, aided by reported Asian sovereign demand, but failed to make a show back above $1.6280.

Rate consolidated for most of the session between $1.6540/75 before fresh selling into early Europe saw rate trade to an initial low of $1.6199. Rate recovered to $1.6220 but move was short lived as a UK clearer executed a sterling-yen sell order which provided the weight to take rate back below the figure and on to lows of $1.6167. Rate has since recovered back above $1.6200 but underlying tone remains negative with focus turning toward UK trade data at 0930GMT, ahead of more important Pre Budget Report (PBR) at 1230GMT. Support from that traded low at $1.6167 with stronger interest close behind at $1.6155/50. Below here and next support between $1.6130/20. Resistance $1.6220 ahead of $1.6250

RES 4: $1.6878/85 High 16 Nov, Top of the Bollinger band
RES 3: $1.6722/47 High 3 Dec, 25 Nov
RES 2: $1.6575 21-day moving average
RES 1: $1.6405 5-day moving average

CURRENT LEVEL: $1.6263

SUP 1: $1.6227/55 Low 8 Dec, Current base of the daily Bollinger band
SUP 2: $1.6155 61.8% retracement of $1.5708 to $1.6878
SUP 3: $1.5905 200-day moving average
SUP 4: $1.5682/07 38.2% of the 2009 range, Low 13 October
s

Bounce at Trend Line

NordMarkets Morning FX - October 28

MORNING FX
BRIEFING
The Aussie provided the early focus in Asia with release of CPI (broadly in line with expectations) taking Aussie-dollar up from $0.9180 to $0.9208 before reversing, the move down influenced by strong sales of Aussie-yen. Trade to lows of $0.9072 attracted strong ACB demand that lifted the rate back above $0.9100 into early Europe. These sales weighed on dollar-yen to take this rate through Y91.50 ((NY low Y91.71) to Y91.07, with cross yen sales providing a heavy tone. Asian currencies lost ground to a recovering dollar with central banks seen on top to contain volatility. Euro-dollar again saw decent Asian sovereign demand, providing the main impetus to edge back above $1.4800, from lows of $1.4789, extending the recovery from NY lows at $1.4769. Cable retained a buoyant tone, holding well above Tuesday's pullback lows at $1.6311. Norges Bank in focus, with most expecting a hike of 25bps, the accompanying comments to be of more interest. German CPI state data to begin today. US durable goods and new home sales to provide afternoon interest.

EURO
Euro-dollar closed the NY session around $1.4800/05, having recovered off session lows of $1.4769 ($1.4772 50% $1.4480/1.5064) to $1.4821 ahead of the close. Rate initially squeezed down to $1.4789 before meeting ACB demand interest. This buying, along with dollar sales emanating from downside pressure on dollar-yen, acted to take rate up to session highs of $1.4828. Offers placed ahead of $1.4830 kept the rate capped into Europe, the break above into the session allowing it to edge on to $1.4840. Rate currently trades around $1.4830. Offers seen placed between $1.4840/50, a break above to open a move toward $1.4865/70 ahead of $1.4900, though one Asian trader has noted that funds have been more than willing to sell into the ACB inspired recovery. Support now seen back toward $1.4800, with stronger interest noted between $1.4770/60. A break here to $1.4740 with stops placed on a break below. Further demand $1.4725 with talk of short entry sell orders placed on a break below. One trader has suggested that the break of $1.4760 exposes $1.4680.

The euro sees a bear-cross in the daily Stochastic study and another potential cross on 10-day momentum as the pair attempts to sustain a break of the 21-DMA at $1.4825 to turns bear's focus to Fibonacci retracements at $1.4772 and $1.4703. Bulls now need a break above $1.5060/64 to get back in control, although initial resistance is $1.4905/30.

RES 4: $1.5163 76.4% of $1.6039 to $1.2329
RES 3: $1.5080/10 Top of the daily Bollinger band, 1% MAE
RES 2: $1.5060/64 Potential double-day high 23, 26 Oct
RES 1: $1.4905 5-day moving average

CURRENT LEVEL: $1.4812

SUP 1: $1.4769 Low 27 Oct, 1% moving average envelope
SUP 2: $1.4772 50% retracement of the October advance
SUP 3: $1.4703 61.8% retracement of the October advance
SUP 4: $1.4625 2% moving average envelope


YEN
Dollar-yen closed a muted US session Tuesday around the Y91.80 level, with euro-yen again under sell pressure, slipping to Y135.66 and closing just off the lows. Early Asian demand for yen crosses proved to be temporary as exporters sold Aussie-yen in particular, taking dollar-yen back from Y91.81 to trigger stops through Y91.50. Model funds were euro-yen sellers as stops were hit in this pair through Y135.45 down to initial lows near Y135.20. Subsequent bounces were short-lived, dollar-yen extending the lows down to Y91.07 into the Asian afternoon as euro-yen dropped down to Y134.84. Traders noted strong Japanese data adding fuel for yen bulls as retail trade came in at +0.9% m/m, with the y/y rate at -1.4% versus -1.8% previous. European dealing opens with dollar-yen climbing back towards Y91.40, traders now seeing decent-sized stops building on a break below Y91.00, while techs note the failure to hold within the Ichimoku Cloud yesterday. Bids seen coming in around the Y90.80 area, while light offers are at Y91.50, more at Y91.80 and Y92.30/50.

The daily stochastic is poised for a bear-cross in dollar-yen as the market pulls back. However, the market remains above the base of October's rising channel at Y90.51. Initial support is the Tenkan line of the Ichimoku cloud at Y90.80, while initial resistance is at the 5-day moving average at Y91.75 and the Y92.32 high. Euro-yen has pulled back after testing the bull-flag target and the daily stochastic is now seeing a bear-cross. Main Fibonacci levels are Y134.90, which is coming under pressure, and Y133.80, which matches Ichimoku levels and moving average level. Initial resistance is the Tenkan line of the Ichimoku cloud, at Y136.00 and 5-DMA at Y136.80.

RES 4: Y94.00/05 Ichimoku Cloud top, 61.8% retracement of Aug/Oct decl
RES 3: Y93.30 High 7 Sep, 100-day moving average
RES 2: Y92.90 50% retracement of Aug/Oct decline
RES 1: Y92.53/64 Failure high 21 Sept, Projected channel top from 8 Oct

CURRENT LEVEL: Y91.16

SUP 1: Y90.51/68 Support line 8 Oct, 38.2% of October rally
SUP 2: Y90.15/25 Kijun & 21-day moving average
SUP 3: Y90.09/17 Low 20 Oct, 50% of October rally
SUP 4: Y89.66 61.8% retracement of October rally


CABLE
Opened Asia around $1.6378 with rate influenced by the early CPI react rally in Aussie, edging to an early high of $1.6406.Rate reversed off highs, the move down seen in line with Aussie as both Aussie-yen and sterling-yen came under pressure out of Tokyo, cable pressed to lows of $1.6338, though traders reported that sterling continues to enjoy an underlying buoyant tone, though just off recent pullback lows of $1.6251, seen after last Friday's release of poor UK GDP. Cable bounced between $1.6330/35 and $1.6380/85 through the balance of the session, currently trading around $1.6370 in early European dealing. Offers remain in place between $1.6380/85,a break above to open a move back toward $1.6400/05. Support $1.6335/30, a break to allow for a retest of Tuesday's pullback area between $1.6315/10 ahead of $1.6295/85 area. Stops noted below $1.6280, which if tripped to expose recent pullback lows of $1.6251, with bids seen to $1.6250.

The bearish engulfing pattern in cable as well as the bear-cross in the stochastic turned bear's attention to Fibonacci retracements of the $1.5708 to $1.6694 rally from $1.6201 and the $1.6115/60 support area, which starts with the 21-DMA. While $1.6251 remains the low, upside retracements are $1.6474, $1.6526. Euro-sterling is pulling back further from the 21-DMA but signals from daily studies are not convincing, with the stochastic and momentum studies bouncing along the lows.

RES 4: $1.6726/40 76.4% retracement of $1.7041-$1.5708, High 11 Sep
RES 3: $1.6680/95 Current top of the daily Bollinger band, High 23 Oct
RES 2: $1.6526 61.8% retracement
RES 1: $1.6440/73 Hourly high, 50% of 23 Oct decline

CURRENT LEVEL: $1.6361

SUP 1: $1.6240 Low 19 Oct
SUP 2: $1.6201 50% retracement of the October recovery
SUP 3: $1.6160 21-day moving average
SUP 4: $1.6115/34 High 8 Oct, Low 1 Sep, Spike 30 Sep, Low 21 Sep



MORE
Dec Bunds opened down 2 ticks Wednesday at 121.50, but reversed direction after strong gains towards the Chicago close after stellar 2-year Note auction and stronger than expected Australia CPI data. Focus is on supply from Germany, which includes re-opening of the 2.5% Oct 2014 Bobl 155 and 1.75% Apr 2020 BUNDei issue for combined size of E7.0bln. US sells $41.0bln 5-year Note auction. Also eyed is German state CPI data and Norges Bank is set to become the first European central bank to pull the rate hike trigger by 25bps to 1.50%.

DAILY CALENDAR
European data for Wednesday started at 0700GMT with German import prices, which fell 0.9% on the month in September, bringing the annual change to -11.0%. Energy costs fell back 5.7% on the month and plummeted 38.1% year-over-year. Export prices declined 0.1%, leaving the annual fall at 3.2%.

This is followed at 0830GMT by the Italian ISAE business survey. At 0900GMT, the ECB is due to publish the Euro area bank lending survey. Also in Europe today, the flash German HICP data for October is due after all the states have reported, with forecasts of unchanged m/m, -0.2% y/y.

In the UK, September Land Registry House Prices are due, at 1100GMT. US data starts at 1100GMT with the weekly MBA Mortgage Application Index, which is followed by Durable Goods Orders at 1230GMT, which are expected to rise 1.5% in September after the revised 2.6% drop in August. Boeing reported 20 orders in September, down from the 32 reported in August.

In Norway, the Norges Bank announces its monetary policy decision at 1300GMT, which is followed by a press conference. Overall, the market is looking for a 25bps hike to 1.50%, although there is a chance of a 50bps rate hike. One leading reason deterring a 50bps move is the recent Nok strength. The focus is also on the Monetary Policy Report and, in particular, the new projected path of policy rates to gauge how much more rate hikes will be likely into 2010. All in all, the Norges Bank is seen as likely to be the first European central bank to pull the rate hike trigger.

US data continues at 1400GMT, when new home sales are expected to rise further to a 440,000 annual rate in September after rising modestly in August to the strongest pace in nearly a year.

This is followed at 1430GMT by the weekly Crude Oil Stocks data.



Best Regards,

NordMarkets.com

NordMarkets Morning FX

BRIEFING
European open: Euro opens the European session firm, euro-dollar placing reported resistance between $1.4685/1.4700 under early pressure, challenging freshly posted 2009 highs at $1.4686 (NY). Asian traders had noted Asian sovereign names linked to supply in this area, with a US money bank noted sitting ahead of a much publicized barrier at $1.4700. Euro-sterling provided a focus in Asia trade, the rate extending its recent recovery through a reported barrier at stg0.8900, to take it on to stg0.8918, with added buys into Europe extending the move to stg0.89305. This move reflecting the ongoing pressure on sterling, with cable struggling to take advantage of dollar pressure with market focusing on the downside while rate holds below $1.6510/15, a break and clear of $1.6400 suggested to target $1.6285. Aussie found decent demand interest on dips with focus set on resistance at $0.8700, Kiwi resistance at $0.7100. Dollar-yen was locked in a tight range around Y91.00. UK jobs data (0830GMT) and eurozone inflation (0900GMT) this morning's focus, US CPI at 1230GMT, IP and Cap.Ut. at 1315GMT later.

EURO
Euro-dollar pened Asia around $1.4665, off late NY recovery highs (fresh 2009 highs) at $1.4686 after rate had seen post retail sales lows of $1.4561. Rate marked lows at $1.4656 in early trade before model account buys from below $1.4670 took rate up to $1.4680. Move met decent Asian sovereign sales (several names noted) that eased rate back to $1.4662 but dip attracted willing buyers to take it back, marking session highs at $1.4684. Further sales from same names eased rate to $1.4667 only to meet renewed dip demand that was lifting the rate back into Europe, with added buys allowing rate to retest Tuesday's high at $1.4686. Pressure continues, currently seen chipping way at the reported resistance, said to extend toward an option barrier at $1.4700, a US money bank said to have offers placed ahead. Stops noted above the figure, which if triggered expected to open a move toward $1.4720. One Swiss name has suggested fading rallies into the area between $1.4720/50. Bids seen between $1.4660/50.

YEN
Dollar-yen breaks below overnight lows at Y90.78 as market reacts to new FinMin Fujii comments that he is opposed to FX intervention if forex moves are gradual, the rate extending its base through support at Y90.80/70 (overnight low Y90.78) to Y90.49. Rate had traded with an underlying soggy tone through the Asian session, the rate pivoting around Y91.00 in a relatively tight range of Y90.78/91.17. The recently reported barrier at Y90.00 seen in focus again though expect decent demand to emerge around Y90.50, stronger between Y90.20/00 (Y90.18 recent low). Euro-yen trade in Asia was contained within Y133.26/72, with moves dictated mainly by euro-dollar action. Rate has broken down to Y132.96 in early Europe following those reported Fujii comments, but continued euro-dollar demand seen tempering this react move. Euro-yen bids seen to Y132.80, a break to open a deeper move toward Y132.55/45. Offers Y133.70/80.

USDYEN - TECHNICALS
Dollar-yen downside risks persist following inability to break above the Tenkan line of the Ichiomoku cloud at Y91.75, which also coincides with major low seen in July. Whilst this caps the risk is on a revisit of the double-day low at Y90.18/21. The daily studies whilst o/sold, are still above previous reversal levels - Risk seen to Y89.79.

RES 4: Y95.31/33 Base of the Ichimoku cloud, 100-day moving average
RES 3: Y94.74 200-day moving average
RES 2: Y93.00 21-day moving average
RES 1: Y91.26/75 5-day moving average, Tenkan line of Ichimoku cloud

SUP 1: Y90.76 61.8% of Y90.23 to Y91.63
SUP 2: Y90.18/21 Double-day low Sept 11, 14
SUP 3: Y89.67/79 50% proj of the Aug/Dec downmove, Proj channel base
SUP 4: Y87.12 Major lows Dec/Jan

EURUSD - TECHNICALS
Euro-dollar bulls are seen sharpening horns for fresh assault on new yearly highs as the daily studies continue to point higher and 2.00% moving average envelope widens further and now valued at $1.4793. Initial resistance is seen at the daily Bollinger band top at $1.4699.

RES 4: $1.4851/62 100% projection of the Q4 2008 rally, High 22 Sep
RES 3: $1.4793 2.00% moving average envelope
RES 2: $1.4721 High 18 Dec
RES 1: $1.4699 Daily Bollinger band top

SUP 1: $1.4623 5-day moving average
SUP 2: $1.4517/20 Low 14 Sept, Former resistance line from 3 June
SUP 3: $1.4447 August high
SUP 4: $1.4388 21-day moving average

GBPUSD - TECHNICALS
Cable's sell-off triggered a break of neckline of head-&-shoulders pattern on hourly charts at $1.6545 -- targets measured move to $1.6303. In addition, price action has priced below the 21 & 55-day moving average's and next support seen at $1.6324/54. M/t risk is seen to $1.6168/95 -- channel base from June 8 and the 100-day moving average.

RES 4: $1.7044/52 High 5 August, November 2005 low
RES 3: $1.6822 76.4% of August pullback
RES 2: $1.6716 Resistance line from July 2008 high
RES 1: $1.6657 Hourly high

SUP 1: $1.6324/54 Low 4 Sept, 61.8% of $1.6116 to $1.6740
SUP 2: $1.6239 Minor low 3 Sep
SUP 3: $1.6168/95 Channel base from June 8, 100-day moving average
SUP 4: $1.6033 Low 13 July

DAILY CALENDAR
European data kicks off at 0700GMT, when Spain's Jul service sector data is released.

At 0730GMT, the Riksbank is scheduled to publish the minutes of Sept 2 monetary policy meeting, whilst EC Economic & Monetary Affairs Commissioner Joaquin Almunia speaks at the Annual Eurostat conference, in Brussels

Back to Italy at 0800GMT, with the release of August's final CPI/HICP data.

At 0820GMT, ECB Executive Board member Jose Manuel Gonzlez-Pramo is slated to give a speech on "Reading the Present to Prepare the Future" at Eurostat Conference, in Brussels

In the UK, the monthly employment report is due at 0830GMT. August claimant count, Juky average earnings and the July ILO unemployment rate are all out. Analysts are looking for a further pick-up in August's claimant count by 25,000, leaving the claimant count rate at 5.0%, versus 4.9% in July. They are also looking for a further pick-up in the more closely watched ILO unemployment rate to 8.0% in July from 7.8% in June

Back in Europe, ast 0900GMT, the EMU August final CPI/HICP data is released. At the sa,e time, the German Retail Association (HDE) releases new retail sales forecasts, in Duesseldorf

US data kicks off at 1100GMT, the US MBA mortgage application index for the Sept 11 week is set for release.

The main release is at 1230GMT, when the August Consumer Price Index is released. Analysts expect August CPI to rise 0.4% as gasoline pump prices rebounded slightly. Core CPI is expected to rise 0.1%.

Also due at 1230GMT is the second quarter US current account data and Canada's July 2009 manufacturing survey.

This is followed at 1300GMT with the release of the July International Capital System data from teh Treasury. At 1315GMT, the Aug Industrial production, capacity utilization data are released.

Industrial production is expected to rise 0.7% in August after posting a 0.5% increase in July. The manufacturing sector may get another boost this month due to brisk auto sales. Factory payrolls fell 63,000 in the month, with auto production jobs down 15,000. The factory workweek held steady at 39.8 hours. The ISM production index rose to 61.9. Capacity utilization is forecast to rise to 69.0%.

Oil markets will be anticipating the usual inventories stocks at 1430GMT, when the Sept 11EIA Crude Oil Stocks is released.

Lastly, at 1700GMT, the Sept Housing Market Index (NAHB) is released.



Best Regards,

NordMarkets.com

Gabung di Forum dapat Real Account Forex?

Register di sini untuk dapat Account Real 125 USD

25 topic : account real FXInd 125 usd


topic yang diitung adalah topic yang minimal ada reply 2 halaman (20+ reply) dan dengan isi postingan yang wajar dan yang dibuat setelah 19 Januari 2009 23:59 WIB (GMT+7) [ya berarti yang dibuat mulai tanggal 20 januari 2009]

topic yang diitung hanya topic pada kategori :
-> Diskusi Forex (dan semua subforumnya)
-> Broker dan Platform (dan semua subforumnya)

hadiah bisa berlaku kelipatan

rule yang lain tetep sama, no junk, no cheating, no spam, no post building, no self-referring, be a good member!

pm white_tiger untuk klaim. (sertakan link2 topic yang dibuat)

klaim dapat diproses up to 1 bulan.

promo ini tidak berlaku bagi staff forexindo

enjoy!

Cable

This's my position on Cable. try to catch the moment.
Always play safe with good money management, take your own this just a lil analysis

ICT

My Scalping Template

My Scalping Template

ICT

Another Consolidation

Latest Statement..

Latest statement

Mission Imposibble Failed, still have floating position :)

ICT

GBP/JPY Money Management

Download at this link

Similar Consolidation?

Look like "similar consolidation"

be safe
ICT

Price Projection II

Remember this's just a bit learn about Price Projection, always be wise with your Equity
ICT

Last Open Position

Waiting For Break Out

Learn by yourself

In forex market, you against the others. Thats way you need to learn by yourself, you have to improve your feeling and technical by learn the basic indicators. You have to explore what is Moving Average (MA), Fibonacci, Pivot, Volume, Stochastic, and others. Explore them and learn when whe should use them all. Do not buy any indicators from others which you don't know what setting they used. That indicators just build by seller who never win in their trade so they selling its to you. "nobody will sell something which can be used by him/her self to be a winner". You can learn from other people but "do not follow them" even others people in chat room call they are a master, trust me "there's not a master", their analysis just can be just a comparison with yours. You need (or must?) to find "your style" by yourself. Sometimes people who talking to much have nothing, they just want to be a famous :), be cool calm & confidence. what can make you "cool, calm & confident"? the answer is "you've already know how to use that indicators" and make you feel that.













Regards
ICT

Latest Statement II(November 22th 2008)

Dive at 2nd Scenario

Look at the picture below

Always Play Safe
ICT

Very Strong Barrier

Can you see how many times GJ try to break that barrier? so if that level break could be thousand pips will come... just my opinion :)

Just compare with your own and stay play safe
ICT