http://www.mataf.net/forums/forex Fri, 20 Nov 2009 23:07:19 +0100 1 http://www.mataf.net/forums/Daily-Review-19-11-2009-t12284.html

The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the U.S. rose more than forecast in October as Americans paid more for fuel, while so-called core prices held at a pace that supports the Federal Reserve’s forecast for tame inflation, core CPI came out at 0.2% vs. 0.1% forecast. NASDAQ and Dow Jones declined by -0.48% and -0.11% respectively, Crude oil has risen for three days in a row closing at 79.58% a barrel, Gold (XAU) continued to rise trading above 1140$ level and closed at 1141.2$ an ounce. Today, Unemployment Claims are expected at 503K vs. 502K prior. Philly Fed Manufacturing Index is expected with 12.3 versus 11.5.

EURO (EUR)


The Euro advanced against the Dollar as Federal Reserve Bank of St. Louis President James Bullard said past experience indicates policy makers may not start to raise interest rates until early 2012. Current account came out worse than expected with -5.4B vs. 0.6B forecast. EUR/USD traded with a low of 1.4857 and with a high of 1.4990. Today, ECB president Trichet will speak at the Euro50 Group Conference in Paris.
EUR/USD - Last: 1.4921

British Pound (GBP)


The Pound slid from almost a 2 month high against the Euro and declined versus the Dollar after MPC Meeting Minutes of this month’s Bank of England meeting showed the vote to increase the bond-purchase program by 25 billion pounds ($42 billion) wasn’t unanimous. Overall, GBP/USD traded with a low of 1.6714 and with a high of 1.6845. Today, Retail Sales are expected with 0.6% vs. 0.0% prior.

GBP/USD - Last: 1.6697

Japanese Yen (JPY)


The Yen weakened against the Dollar trading with a low of 89 and with a high of 89.48. In addition, Japanese stocks fell, led by real- estate companies on concern sales of new equity will dilute earnings per share and after investment ratings were cut. Today, Bank of Japan will release its Interest Decision expected to remain at 0.1%.

USD/JPY-Last: 89.09

Canadian dollar (CAD)


The Canadian Dollar fell for a second day versus the Dollar as CPI figures came out worse than expected at -0.1% vs. 0.2% forecast and stocks declined decreasing demand for higher yielding assets. Overall, USD/CAD traded with a low of 1.0449 and with a high of 1.0582. Today, Leading Index is expected at 0.8% vs. 1.1% prior, Wholesale Sales are expected at 0.6% vs. -1.4% prior. Bank of Canada Governor Carney will speak in New York about the monetary system.

CAD/USD - Last: 1.0579

UFXBank Research
]]> UFXBank Thu, 19 Nov 2009 10:34:05 +0100 Thu, 19 Nov 2009 10:34:05 +0100 http://www.mataf.net/forums/Daily-Review-19-11-2009-t12284.html http://www.mataf.net/forums/Daily-Review-18-11-2009-t12270.html

The Dollar gained versus most majors as Industrial Production came out weaker, lowering risk appetite. Industrial Production came out 0.1% versus 0.4% expected. PPI came out weaker with 0.3% versus 0.6% forecast. TIC Long-Term Purchases came out better with 40.7B versus 27.3B expected. NASDAQ and Dow Jones rose slightly by 0.27% and 0.29%. Crude gained by 0.68% closing at 79.44$ a barrel and Gold (XAU) remained almost unchanged with 0.16% change closing at 1140.5$ an ounce. Today, Building Permits are expected higher with 0.59M versus 0.57M prior and Core CPI is expected with 0.1% versus 0.2% prior. Housing Starts are expected higher with 0.61M versus 0.59M and Crude Inventories are expected with 1.2M versus 1.8M prior.

EURO (EUR)


The Euro weakened versus the Dollar and the Pound as risk appetite weakened and ECB\'s president Trichet said a strong Dollar is important for the world economy. European Trade Balance came out better than expected with 6.8B versus -0.9B expected. EUR/USD traded with a low of 1.4806 and with a high of 1.4998. Today, European Current Account is expected with 0.6B versus -1.3B prior. ECB President Trichet will speak in Frankfurt.

EUR/USD - Last: 1.4870


British Pound (GBP)


The Pound remained almost unchanged versus the Dollar as CPI figures came out better than expected but Industrial Production in the U.S lowered investors Risk Appetite. CPI came out 1.5% versus 1.4% expected and RPI came out -0.8% versus -0.9% expected. Overall, GBP/USD traded with a low of 1.6755 and a high of 1.6872. Today, MPC Meeting Minutes will be released. CBI Industrial Order Expectations are expected with -47 versus -51 prior.
GBP/USD - Last: 1.6800


Japanese Yen (JPY)


The Yen gained versus the Euro and weakened versus the Dollar as risk appetite lowered after Industrial Production in the U.S came out weaker than expected. Overall, USD/JPY traded with a low of 88.73 and a high of 89.53 and EUR/JPY traded with a low of 132.44 and a high of 133.58. Today, All Industries Activity is expected with -0.1% versus 0.9% prior.

USD/JPY-Last: 89.17


Canadian dollar (CAD)


The Canadian Dollar dropped as Risk Appetite weakened following U.S production data. Overall, USD/CAD traded with a low of 1.0464 and a high of 1.0617. Today, Canadian CPI is expected with 0.2% versus 0% prior and Core CPI is expected with 0% versus 0.3% prior.

CAD/USD - Last: 1.0535


UFXBank Research]]> UFXBank Wed, 18 Nov 2009 09:57:58 +0100 Wed, 18 Nov 2009 09:57:58 +0100 http://www.mataf.net/forums/Daily-Review-18-11-2009-t12270.html http://www.mataf.net/forums/Daily-Review-17-11-2009-t12248.html
The Dollar dropped versus the other after Fed Chairman Bernanke said interest rates would remain low to spur growth. Retail Sales came out at 1.4% better than 1% forecast but Core Retail Sales came out 0.2% worse than 0.4% forecast. NASDAQ and Dow Jones reached new 13 month highs with 1.38% and 1.45% gains respectively after Bernanke\'s speech. Crude gained by 3.3% closing at 78.87$ a barrel and Gold (XAU) jumped by 2.02% closing at 1140.4$ an ounce. Today, PPI is expected stronger with 0.6% versus -0.6% prior. TIC Long-Term Purchases are expected with 27.3B versus 28.6B prior. Industrial Production is expected with 0.4% versus 0.7% prior. FOMC Member Lacker will speak about his economic outlook at the State House Appropriation Committee in Richmond.

EURO (EUR)

The Euro gained versus the Dollar after Fed Chairman Bernanke commented the interest rates will remain low, spurring Risk Appetite. European CPI and Core CPI came out as expected with -0.1% and 1.2% respectively. EUR/USD traded with a low of 1.4880 and with a high of 1.5014. Today, European Trade Balance is expected with -0.9B versus 1B.
EUR/USD - Last: 1.4970


British Pound (GBP)

The Pound reached new 3 month highs versus the Dollar after Bernanke\'s speech spurred risk appetite. Overall, GBP/USD traded with a low of 1.6657 and a high of 1.6876. Today, CPI is expected stronger with 1.4% versus 1.1% prior. RPI is expected with -0.9% versus -1.4% prior.
GBP/USD - Last: 1.6825


Japanese Yen (JPY)

The Yen gained versus the Dollar, Euro and the Pound as it Japan\'s economy showed the fastest growth pace in more than 2 years pulling Japan out of the recession. Tertiary Industry Activity came out weaker with -0.5% versus 0.1% expected and 0.3% prior. Overall, USD/JPY traded with a low of 88.74 and a high of 89.72 and EUR/JPY traded with a low of 133.18 and a high of 134.32. No major economic data is expected today.
USD/JPY-Last: 89.10


Canadian dollar (CAD)

The Canadian Dollar gained versus the Dollar as stocks and commodities gained. Manufacturing Sales came out 1.4% better than 1% expected and -1.8% prior. Overall, USD/CAD traded with a low of 1.0425 and a high of 1.0540. No major economic data is expected today.
CAD/USD - Last: 1.048


UFXBank Research]]> UFXBank Tue, 17 Nov 2009 11:01:42 +0100 Tue, 17 Nov 2009 11:01:42 +0100 http://www.mataf.net/forums/Daily-Review-17-11-2009-t12248.html http://www.mataf.net/forums/Daily-Review-16-11-2009-t12233.html USD Dollar (USD)



The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan\'s Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel and Gold (XAU) resumed gaining with 0.91% rise closing at 1116.1$ an ounce. Today, Retail Sales are expected better with 1% versus -1.5% prior and Core Retail Sales are expected slightly worse with 0.4% versus 0.5% prior. Fed Chairman Bernanke and FOMC Member Kohn will speak today.

EURO (EUR)



The Euro gained versus the Dollar on Friday after gains in stock markets led risk appetite higher causing investors to ignore weak economic data. German Prelim GDP came out weaker with 0.7% versus 0.8% expected and European Flash GDP came out 0.4% versus 0.6% expected. EUR/USD traded with a low of 1.4824 and with a high of 1.4937. Today, European CPI and Core CPI are expected unchanged with -0.1% and 1.2% respectively.


EUR/USD - Last: 1.4950




British Pound (GBP)



The Pound climbed versus the Dollar on Friday as risk appetite remained strong even after weaker Sentiment was released in the U.S. Overall, GBP/USD traded with a low of 1.6574 and a high of 1.6706. Today, MPC\'s Members Tucker and Sentence will speak.


GBP/USD - Last: 1.6700




Japanese Yen (JPY)



The Yen gained versus most majors as a larger U.S trade deficit and weaker sentiment caused investors to favor the Yen as a safe haven. Overall, USD/JPY traded with a low of 89.46 and a high of 90.41 and EUR/JPY traded with a low of 132.84 and a high of 134.45. Today, Tertiary Industry Activity is expected with 0.1% versus 0.3% prior.


USD/JPY-Last: 89.60



Canadian dollar (CAD)



The Canadian Dollar gained versus the Dollar after Canadian Trade Balance came out better with -0.9B versus -1.6B expected. Overall, USD/CAD traded with a low of 1.0472 and a high of 1.0566. Today, Manufacturing Sales are expected stronger with 0.5% change versus -2.1% prior.



CAD/USD - Last: 1.0500
]]> UFXBank Mon, 16 Nov 2009 12:44:29 +0100 Mon, 16 Nov 2009 12:44:29 +0100 http://www.mataf.net/forums/Daily-Review-16-11-2009-t12233.html http://www.mataf.net/forums/Daily-Review-10-11-2009-t12195.html USD Dollar (USD)



The Dollar fell to a 15 month low against the currencies of major U.S. trading partners after G20 finance officials pledged to maintain stimulus measures, encouraging investors to buy higher-yielding assets. NASDAQ and Dow Jones jumped by 1.97% and 2.03% respectively, Crude oil rose by 2.6% closing at 79.43$ a barrel , GOLD (XAU) advanced to a new record, rising by 0.5% to 1100.8$ an ounce. Today, FOMC Members Lockhart and Yellen will speak. Investors are expected to close some of their short positions on the Dollar before Veterans Day Bank holiday tomorrow.

EURO (EUR)



The Euro rose against the Dollar and the Yen after a report showed Germany’s exports climbed more than economists predicted, adding to signs the Euro\'s economy is recovering, boosting demand for higher-yielding currencies. Overall, EUR/USD traded with a low of 1.4830 and a high of 1.5020. Today, German ZEW Economic Sentiment is expected lower at 55.2 vs. 56 prior, ZEW Economic Sentiment is expected to rise from 56.9 to 58.9.


EUR/USD - Last: 1.4975
http://forex-ufxbank.com/Images/DailyRevie...2009/EURUSD.PNG


British Pound (GBP)



The Pound rose versus the Dollar reaching its highest level since September as Risk Appetite encouraged investors to higher yielding assets. RICS House Price Balance came out better than expected at 34% vs. 29%, BRC Retail Sales Monitor came out at 3.8% vs. 2.8% prior. All in all, GBP/USD traded with a low of 1.6590 and a high of 1.6843. Today, Trade Balance is expected to show a decline of -6.1B vs. -6.2B previously.


GBP/USD - Last: 1.6756
http://forex-ufxbank.com/Images/DailyRevie...2009/GBPUSD.PNG


Japanese Yen (JPY)



The Yen fell against most majors as growing risk appetite causes a flight from the safety of the Yen into higher yielding assets. Overall, USD/JPY traded with a low of 89.69 and with a high of 90.26. No major economic data expected today.


USD/JPY-Last: 89.95
http://forex-ufxbank.com/Images/DailyRevie...2009/JPYUSD.PNG


Canadian dollar (CAD)



The Canadian Dollar gained versus the Dollar as G20\'s comments made commodity prices and demand for higher yielding assets grow. Overall, USD/CAD traded with a low of 1.0542 and a high of 1.0774. No economic data expected today.


CAD/USD - Last: 1.0570
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]]> UFXBank Tue, 10 Nov 2009 11:29:17 +0100 Tue, 10 Nov 2009 11:29:17 +0100 http://www.mataf.net/forums/Daily-Review-10-11-2009-t12195.html