tag:blogger.com,1999:blog-18526050285381293362011-08-03T02:11:01.365+12:00makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.comBlogger1451100tag:blogger.com,1999:blog-1852605028538129336.post-3007681972073323302010-11-23T13:23:00.001+13:002010-11-23T13:43:43.539+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;The Aussie (0.9860) moved above US99 cents during domestic trade on Monday after some short-term relief was provided to markets with the announcement of the European Union's (EU) bailout plans for Ireland. The Aussie followed the Euro higher during yesterday's domestic session as the EU and International Monetary Fund combined to pledge a multi-year financial package to cover Ireland's fiscal needs and future capital requirements of its banking system. The gains were short-lived however and a bout of risk-aversion saw the Aussie come off and hit an overnight low of 0.9822. Meanwhile, the Aussie opens higher against the kiwi today at 1.2760 after ratings agency Standard and Poor's revised its outlook on New Zealand's foreign currency sovereign credit rating to negative from stable.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9820 – 0.9935</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>After steady gains throughout most of the domestic session towards a high of 0.7830, the kiwi took a US1 cent tumble as ratings agency Standard and Poor's revised its outlook on New Zealand's foreign currency sovereign credit rating to negative from stable. During the offshore session, the kiwi moved down to a low of 0.7693 due to another bout of risk aversion as the market digests the Irish sovereign debt bailout plans. The unit has recovered slightly opens today 0.7720. On the cross rates, the kiwi is also weaker and opens against the Australian Dollar at 0.7810.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7680 – 0.7755</A></P> <P><STRONG>Great British Pound</STRONG>: The pound opens weaker today at 1.5937 as risk aversion gripped currency markets prompting buying of the greenback as a haven. Despite the recent announcement of a combined EU/IMF bailout of Ireland, markets appear concerned the measures do not adequately address long term solvency issues. The local economic calendar is relatively light early this week with the exception of tomorrow's release of 3rd quarter economic growth data which most economists expect to come in around 0.8 per cent. Meanwhile, the pound is steady against the Australian Dollar (1.6165) and higher against the New Zealand Dollar (2.0630).</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6120 – 1.6200</A></P> <P><STRONG>Majors</STRONG>: The Euro moved higher during Asian trade on Monday hitting an intraday zenith of 1.3785 after the European Union and International Monetary Fund combined to pledge a multi-year financial package to cover Ireland's fiscal needs and future capital requirements of its banking system. The gains were short-lived however and the 16-nation currency opens lower today at 1.3600 after Moody's Investor Services said it may lower Ireland's credit rating by more than one level. Market participants sold the Euro down to an intraday low of 1.3576 amid concerns the bailout package does not address long term solvency needs. Meanwhile, the greenback opens little-changed against the Japanese Yen at 83.23.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG>AUD</STRONG>: No data today</P> <P><STRONG>NZD</STRONG>: RBNZ 2-year inflation expectation, Q4</P> <P><STRONG>JPY</STRONG>: No data today</P> <P><STRONG>GBP</STRONG>: No data today</P> <P><STRONG>EUR</STRONG>: German GDP, Q3; Euro Zone PMI, Nov</P> <P><STRONG>USD</STRONG>: GDP Q3; Existing home sales, Oct; Personal Consumption expenditure, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-300768197207332330?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-31862567806294755172010-11-23T13:23:00.000+13:002010-11-23T13:24:09.486+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;The Aussie (0.9860) moved above US99 cents during domestic trade on Monday after some short-term relief was provided to markets with the announcement of the European Union's (EU) bailout plans for Ireland. The Aussie followed the Euro higher during yesterday's domestic session as the EU and International Monetary Fund combined to pledge a multi-year financial package to cover Ireland's fiscal needs and future capital requirements of its banking system. The gains were short-lived however and a bout of risk-aversion saw the Aussie come off and hit an overnight low of 0.9822. Meanwhile, the Aussie opens higher against the kiwi today at 1.2760 after ratings agency Standard and Poor's revised its outlook on New Zealand's foreign currency sovereign credit rating to negative from stable.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9820 – 0.9935</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>After steady gains throughout most of the domestic session towards a high of 0.7830, the kiwi took a US1 cent tumble as ratings agency Standard and Poor's revised its outlook on New Zealand's foreign currency sovereign credit rating to negative from stable. During the offshore session, the kiwi moved down to a low of 0.7693 due to another bout of risk aversion as the market digests the Irish sovereign debt bailout plans. The unit has recovered slightly opens today 0.7720. On the cross rates, the kiwi is also weaker and opens against the Australian Dollar at 0.7810.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7680 – 0.7755</A></P> <P><STRONG>Great British Pound</STRONG>: The pound opens weaker today at 1.5937 as risk aversion gripped currency markets prompting buying of the greenback as a haven. Despite the recent announcement of a combined EU/IMF bailout of Ireland, markets appear concerned the measures do not adequately address long term solvency issues. The local economic calendar is relatively light early this week with the exception of tomorrow's release of 3rd quarter economic growth data which most economists expect to come in around 0.8 per cent. Meanwhile, the pound is steady against the Australian Dollar (1.6165) and higher against the New Zealand Dollar (2.0630).</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6120 – 1.6200</A></P> <P><STRONG>Majors</STRONG>: The Euro moved higher during Asian trade on Monday hitting an intraday zenith of 1.3785 after the European Union and International Monetary Fund combined to pledge a multi-year financial package to cover Ireland's fiscal needs and future capital requirements of its banking system. The gains were short-lived however and the 16-nation currency opens lower today at 1.3600 after Moody's Investor Services said it may lower Ireland's credit rating by more than one level. Market participants sold the Euro down to an intraday low of 1.3576 amid concerns the bailout package does not address long term solvency needs. Meanwhile, the greenback opens little-changed against the Japanese Yen at 83.23.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG>AUD</STRONG>: No data today</P> <P><STRONG>NZD</STRONG>: RBNZ 2-year inflation expectation, Q4</P> <P><STRONG>JPY</STRONG>: No data today</P> <P><STRONG>GBP</STRONG>: No data today</P> <P><STRONG>EUR</STRONG>: German GDP, Q3; Euro Zone PMI, Nov</P> <P><STRONG>USD</STRONG>: GDP Q3; Existing home sales, Oct; Personal Consumption expenditure, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3186256780629475517?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-19195574544112991942010-11-16T12:04:00.021+13:002010-11-16T21:51:23.925+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1919557454411299194?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-36755703896384741902010-11-16T12:04:00.020+13:002010-11-16T21:21:08.410+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3675570389638474190?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-90511428812164638942010-11-16T12:04:00.019+13:002010-11-16T21:02:01.517+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-9051142881216463894?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-61024679569658647722010-11-16T12:04:00.018+13:002010-11-16T20:39:11.548+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6102467956965864772?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-60648346771193312732010-11-16T12:04:00.017+13:002010-11-16T20:08:57.176+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6064834677119331273?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-35524804419709559702010-11-16T12:04:00.016+13:002010-11-16T19:38:42.710+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3552480441970955970?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-80745758011619014032010-11-16T12:04:00.015+13:002010-11-16T19:08:23.533+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8074575801161901403?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-53535882974491011702010-11-16T12:04:00.014+13:002010-11-16T18:38:09.172+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5353588297449101170?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-20909946216385544092010-11-16T12:04:00.013+13:002010-11-16T18:07:55.098+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2090994621638554409?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-60766641697986729652010-11-16T12:04:00.012+13:002010-11-16T17:37:40.495+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6076664169798672965?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-23833766094067671332010-11-16T12:04:00.011+13:002010-11-16T17:07:26.923+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2383376609406767133?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-21524544760473567192010-11-16T12:04:00.010+13:002010-11-16T16:37:12.047+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2152454476047356719?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-7169753211412846502010-11-16T12:04:00.009+13:002010-11-16T16:06:53.406+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-716975321141284650?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-49809801978577360722010-11-16T12:04:00.008+13:002010-11-16T15:43:49.583+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4980980197857736072?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-32208540591457113232010-11-16T12:04:00.007+13:002010-11-16T15:06:22.662+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3220854059145711323?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-84222731949210617132010-11-16T12:04:00.006+13:002010-11-16T14:36:07.621+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8422273194921061713?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-20127784980732550862010-11-16T12:04:00.005+13:002010-11-16T14:05:52.229+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2012778498073255086?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-88248572227841245422010-11-16T12:04:00.004+13:002010-11-16T13:35:37.133+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8824857222784124542?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-54149062925595400582010-11-16T12:04:00.003+13:002010-11-16T13:05:21.925+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5414906292559540058?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-78086531759946114002010-11-16T12:04:00.002+13:002010-11-16T12:35:06.896+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7808653175994611400?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-374060733187969122010-11-16T12:04:00.001+13:002010-11-16T12:04:55.073+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: Motor vehicle sale figures in Australia for October decreased by -0.6% compared to the month prior. The Aussie fell to a 2 week low as the Euro weakened over European sovereign debt concerns and Chinese monetary policy fears. Moving offshore the Aussie rebounded from it's0.9810 low against the Greenback climbing more than 1% to breaking through its 0.9900 barrier. The overnight rally in risk triggered as stocks gained, increasing demand for higher yielding currencies. Despite Commerce Department data showing U.S. retail sales had gained 1.2%, the most in seven months in October, investor sensitivity tuned into the decline of Empire State Manufacturing Index (-11.1)&nbsp; and increases in business inventories which indicate that the recovery in the U.S. economy is still uneven. Today the Aussie starts the day at 0.9840 against the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9815-0.9960</A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>New Zealand September quarter retail sales figures surprised the market growing 1.6% from the previous month. It seems consumer spending ahead of an increase in goods and services tax on October 1 may have been under-estimated by the market with median forecasts expecting only 1.1% increase. Stronger than expected consumer spending combined,&nbsp; income-tax cuts and injections of capital for rebuilding after the worst earthquake in eight decades rocked Canterbury province are expected to bolster New Zealand's recovery. Although investors sold off risk &nbsp;late in Asia, market sentiment improved overnight increasing demand for higher-yielding currencies pushing the Kiwi to a intra-day high of 0.7775 against the US Dollar. This morning the Kiwi opens at 0.7725 versus the US Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7650- 0.7805</A></P> <P><STRONG>Great British Pound</STRONG>: The Pound drifted below 1.6050 against the US Dollar overnight after the Rightmove House Price Index fell by 3.2% in November after a 3.1% increase in October. Lack of demand had British home sellers cutting average asking prices in England and Wales by the biggest monthly drop since December 2007. The Euro Zone's precarious position and growing realization that a rescue of Ireland could cost UK taxpayers and additional 7 Billion pounds as well as expose UK banks to potential write-offs on Irish government debt boosted demand for the relative security of ye old faithful Greenbacks. This morning the Pound opens lower versus the US Dollar at 1.6050 while sitting at 1.6300 against the Aussie and 2.0780 Kiwi.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6220-1.6415</A></P> <P><STRONG>Majors</STRONG>: The Euro entered its 10<SUP>th</SUP> consecutive day of losses against the US Dollar on&nbsp; speculation that Ireland may be forced to assume &nbsp;an EU bailout package as the country's credit continued to come under assault in global capital markets. A September trade surplus of 2.4 billion for the Euro zone did not halt the single currency's decent towards a six week low against the Greenback as investors focused on the pressing matter at hand. While Ireland continues to resist pressure from the European Union to accept aid from the 750 billion emergency aid fund created in May for its public budget, the European Central bank has suggested Ireland would be able t use the emergency reserve to 'support' Irish banks and push their capital above regulatory targets.&nbsp; "The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital," ECB Vice President Constancio said in Vienna.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD:</STRONG> Monetary Policy Meeting Minutes</P> <P><STRONG>NZD: </STRONG>No Data today<STRONG></STRONG></P> <P><STRONG>JPY:</STRONG> Tertiary Industry Activity m/m</P> <P><STRONG>GBP:</STRONG> CPI y/y, BOE Inflation Letter</P> <P><STRONG>EUR:</STRONG> German ZEW Economic Sentiment, CPI y/y</P> <P><STRONG>USD:</STRONG> PPI m/m, TIC Long-Term Purchases, Industrial Production m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-37406073318796912?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-23916314017838106702010-11-15T11:58:00.001+13:002010-11-15T11:58:21.514+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar:</STRONG> The Aussie fell as much as 1.75% against the Greenback as trading moved offshore following a shocking 5% decline in Chinese stocks. Meanwhile gold and oil prices fell almost 3% prompting investors to unload commodity currencies. Experiencing its biggest decline since August, speculation debt ridden Ireland was seeking aid before European finance ministers meet on November 16 saw the Aussie fall to 0.9825 against the US Dollar early in the evening. Offshore the Aussie headed towards 0.9950 against the US Dollar recovering some ground as investors collected their cool. The Australian Dollar opens this week below parity at 0.9860 against the US Dollar following an upward swing in US consumer confidence drew investors away.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9830-0.9950</A></P> <P>&nbsp;</P> <P><STRONG>New Zealand Dollar:</STRONG>&nbsp; After flirting with the 0.8000 US Dollar handle earlier in the week, the Kiwi fell as much 1%, dipping below 0.7700 against the US Dollar offshore, as investors flew from risky high yielding assets. Chinese stocks fell 5% sending shock waves around the world rocking up volatility while stronger Chinese inflation stoked the possibility of further restrictive measures by the Asian giant in the future. Overnight the University of Michigan Consumer Confidence survey showed American consumers growing more optimistic about economic conditions rising from 67.7 to 69.3, the highest since June. The Kiwi starts the day at 0.7150 versus the US Dollar ahead of New Zealand's retail sales reports.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7690-7770</A></P> <P>&nbsp;</P> <P><STRONG>Great British Pound: </STRONG>The Pound fared well against the US Dollar rallying offshore to an intra-day high of 1.6180 against the Greenback. Recent improvements in GDP estimates and strong inflation reports have pared back expectations of further quantitive easing by the Bank of England. Investors will look towards this week's British inflation, claimant count change and retails sales figures to confirm or deny the central bank's position as government budget cuts to eliminate almost half a million jobs may still weaken the economy and sap consumer- price pressures in the foreseeable future. The Sterling opens today at 1.6150 US Dollars. Meanwhile the Sterling position strengthened against the Aussie and Kiwi buying 1.6370 and 2.084 respectively.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6300-1.6440</A></P> <P>&nbsp;</P> <P><STRONG>Majors:</STRONG> Growing speculation about an Irish bailout has led to sharp losses in the currency. At the beginning of the week, one euro was worth more than 1.4 versus the U.S. dollars and now it is worth less than 1.37. The market has speculated Ireland may receive a EUR 80 billion bailout as early as next week while the Irish Times claims that informal contacts have been made between euro area governments to prepare them for activation of the European Financial Stability Facility. Although the Irish government is denying any plans for a rescue package, Germany allied with investor concerns pushing for aid to calm volatility sent borrowing costs of debt-laden countries to record highs.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><STRONG>Data releases</STRONG></P> <P>&nbsp;</P> <P><STRONG>AUD</STRONG>: New Motor Vehicle Sales m/m</P> <P><STRONG>NZD: </STRONG>Retail Sales m/m, Core Retail Sales m/m</P> <P><STRONG>JPY</STRONG>: Prelim GDP q/q, Prelim GDP Price Index y/y</P> <P><STRONG>GBP</STRONG>: Rightmove HPI m/m</P> <P><STRONG>EUR</STRONG>: Trade Balance</P> <P><STRONG>USD</STRONG>: Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2391631401783810670?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-25892624106230746652010-11-05T12:06:00.000+13:002010-11-05T12:06:04.925+13:00<b>Australian Dollar:</b> The Australian Dollar managed to hang onto its gains above parity yesterday despite softer-than-expected retail sales data. Australian retail sales rose just 0.3 per cent in September reducing expectations as to the pace of rate hikes in 2011. However, the Aussie came through the data unscathed after reaching a high around 1.0060 earlier in the session. Greenback weakness continues to be a dominant theme after the US Federal Reserve yesterday finally announced its plans to pump more money into the economy by purchasing its own securities. The Aussie opens at fresh 28-year highs at 1.0160 as commodity prices surged overnight. Gold is up sharply to US$1,384/oz.<br /><br /><br /><br /><a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.0080 – 1.0200</a><br /><br /><br /><br /><b>New Zealand Dollar:</b> Better-than-expected jobs local jobs data yesterday sent the kiwi soaring towards 0.7880 during the domestic session. As if a weak greenback wasn’t enough, the unemployment rate for the third quarter came in at 6.4 per cent down from 6.9 per cent, prompting investors to buy New Zealand dollars as confidence in the economy returns. During the offshore session the kiwi hit fresh two-and-a-half year highs around 0.7975 as commodity prices soared. Against the Australian dollar, the unit is also higher at 0.7820.<br /><br /><br /><br /><a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7900 – 0.8000</a><br /><br /><br /><br /><b>Great British Pound:</b> Pound Sterling (1.6280) opens at a ten-month high after the Bank of England held its benchmark interest rate at 0.5 per cent and kept its bond-purchase program unchanged. The currency hit an overnight high of 1.6298. Also assisting sterling overnight was a weak greenback across the board and a stronger-than-expected rise in UK house prices for October which climbed 1.8 per cent from the previous month. Meanwhile, the pound has been marginally outperformed overnight by both its Australian and New Zealand counterparts and opens on Friday at 1.6035 and 2.0469 respectively.<br /><br /><a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.5925 – 1.6040</a><br /><br /><br /><br /><b>Majors:</b> The so-called big dollar tumbled once more overnight as FX markets continued to digest the quantitative easing measures announced by the US Federal Reserve on Thursday. By contrast, the European Central Bank (ECB) is likely to signal as early as next month it plans to exit recent stimulus measures. The ECB kept its benchmark interest rate on hold at 1 per cent as president Jean-Claude Trichet noted at a press conference overnight that “the non-standard measures are by definition temporary in nature”. The 16-nation currency has held onto its recent gains above 1.4000 and overnight hit fresh 10-month highs at 1.4281. Meanwhile, the dollar opens at 80.61 against the Japanese Yen.<br /><br /><b>Data releases</b><br /><br /><br />AUD: RBA quarterly monetary policy statement<br /><br />NZD: no data today<br /><br />JPY: BoJ rates decision<br /><br />GBP: PPI, Oct<br /><br />EUR: EZ Retail Sales, Sep<br /><br />USD: Non-farm payrolls, Oct<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2589262410623074665?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-89851521434205937312010-11-04T12:39:00.000+13:002010-11-04T12:40:22.875+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;The long-awaited and much-discussed stimulus measures in the US have been announced which has sent the Australian Dollar soaring above par with the greenback to 1.0045 at time of writing. Currency markets are volatile at the moment to say the least. The US Federal Reserve will expand its stimulus program by purchasing an additional US$600 billion in treasuries, about US$75 billion per month between now and June 2011, in a bid to reduce unemployment and avert deflation. The figure was at the high end of expectations and the market is selling the greenback which has sent the Euro to a 10-month high (1.4188). The Aussie drifted lower throughout most of the domestic session yesterday, dropping to 0.9960 after a slide in local building approvals. Permits for construction of new dwellings dropped 11.6 per cent in the year to September, following a 4.2 per cent gain in August.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.0000 – 1.0120</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>After a quiet local session yesterday hovering around the US77c area, the New Zealand Dollar opens sharply higher against the greenback today after the US Federal Reserve announced that it will expand its stimulus program by purchasing an additional US$600 billion in treasuries, about US$75 billion per month between now and June 2011, in a bid to reduce unemployment and avert deflation. The market is selling the greenback in droves which has sent the kiwi soaring to fresh 28-month highs around US78 cents. We are currently trading at 0.7780 and against the Aussie 0.7750.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7760 – 0.7860</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound opens higher against the greenback today at 1.6097 as positive economic data supports the view the Bank of England will leave monetary policy unchanged when it meets tonight. The purchasing managers index for services gauge rose to 53.2 in October from 52.8 the previous month. Readings over 50 indicate an expansion in the sector. The UK central bank is likely to keep its asset-purchase program unchanged at GBP200 million which, on paper, should provide support to the Sterling. Meanwhile, the pound opens at 1.6040 against the Aussie and 2.0650 against the New Zealand Dollar.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.5940 – 1.6060</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The US Federal Reserve will expand its stimulus program by purchasing an additional US$600 billion in treasuries, about US$75 billion per month between now and June 2011, in a bid to reduce unemployment and avert deflation. The figure was at the high end of expectations and the market is selling dollars at time of writing. Interest rates remain unchanged at between zero and 0.25 per cent with the central bank maintaining its pledge to keep rates low for "an extended period". In announcing the measures, and referring to a stubbornly high unemployment rate, the FOMC said "progress towards its objectives have been disappointingly slow". The Euro opens near a 10-month high at 1.4123 and the USD/JPY is at 81.15.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Retail Sales, Sep</P> <P><STRONG>NZD</STRONG>: Unemployment rate, Q3</P> <P><STRONG>JPY</STRONG>: No data today</P> <P><STRONG>GBP</STRONG>: Bank of England rates decision</P> <P><STRONG>EUR</STRONG>: ECN rates decision</P> <P><STRONG>USD</STRONG>: No data today</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8985152143420593731?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-13511204991217896562010-11-02T12:44:00.000+13:002010-11-02T12:45:05.073+13:00<DIV> <P><STRONG>Australian Dollar</STRONG>: &nbsp;Speculation on Monday the Bank of Japan intervened in currency markets sent the Aussie down to an intraday low of 0.9810 as the greenback strengthened against the Yen. The excitement did not last long and the climb towards parity resumed once more to see the unit enter the European&nbsp;session around 0.9880. In overnight trade, the Aussie moved between a high of 0.9910 down to a low of 9835. Today, the Reserve Bank of Australia meets to discuss monetary policy with around 20 per cent of market participants tipping a rise in rates today. The Aussie remains strong and opens at 0.9850.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9760 – 0.9890</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>:&nbsp; Speculation on Monday the Bank of Japan intervened in currency markets sent the Kiwi down to an intraday low of 0.7635 as the greenback strengthened against the Yen. However, the unit remains strong and opens today at 0.7650 against its greenback counterpart. Offshore events will be the main focus this week particularly as events unfold in the United States where the Federal Reserve is expected to announce a second round of quantitative easing at its 2-day meeting which begins tonight. Meanwhile, the kiwi opens largely unchanged against the Australian Dollar at 0.7765. <STRONG>&nbsp;</STRONG></P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7640 – 0.7700</A></P> <P>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: Pound Sterling (1.6020) closed in on a nine-month high versus the greenback overnight on speculation the Bank of England will refrain from further quantitative easing. A gauge of manufacturing based on a survey of companies rose to 54.9 in October, indicating expansion. The currency hit an overnight high of 1.6089, just shy of the nine-month peak of 1.6107 reached a fortnight ago. Meanwhile, the pound opens marginally lower against both the Australian Dollar (1.6250) and the New Zealand Dollar (2.0925).</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6230 – 1.6300</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The U.S. Dollar opens marginally higher against the Japanese Yen (80.55) and the Euro (1.3880) after stronger-than-expected manufacturing data, but was mixed against several other major currencies. The Institute for Supply Management's factory index rose at its fastest pace in five months to 56.9 in October from 54.4 the previous month. The data had some traders squaring positions ahead of the U.S. Federal Reserve's 2-day meeting which commences on Tuesday. The greenback recovered from fresh 15-year lows against the Yen (80.23) on speculation the Bank of Japan had again intervened in currency markets.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: RBA rate decision</P> <P><STRONG>NZD</STRONG>: Average Hourly earnings, Q3</P> <P><STRONG>JPY</STRONG>: Bank of Japan minutes</P> <P><STRONG>GBP</STRONG>: &nbsp;PMI Construction, Oct</P> <P><STRONG>EUR</STRONG>: Euro zone PMI Manufacturing, Oct</P> <P><STRONG>USD</STRONG>: No data today</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1351120499121789656?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-41923251398236797952010-11-01T12:36:00.000+13:002010-11-01T12:37:19.121+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: The Aussie cold not hang onto its gains above 0.9750 during Friday's local session after the release of third quarter new home sales which fell 14 per cent. The Aussie hit an intraday low of 0.9740 and remained there until European markets opened. In overnight trade the unit moved as high as 0.9821 after yet another bout of greenback weakness and opens higher on Monday at 0.9850. Near-term risk for the Aussie could be to the downside if the Reserve Bank of Australia were to hold rates steady tomorrow. Similar to the lead-up to last weeks inflation data, the market appears "long" heading into the decision.</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9820 – 0.9890</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: The New Zealand Dollar opens the new week against the greenback at 0.7645 with direction still largely being driven by greenback sentiment. In offshore trade on Friday, the kiwi briefly touched fresh two-year highs at 0.7650. Currency markets worldwide are bracing for this weeks 2-day meeting of the US Federal Reserve who are expected to announce a second round of quantitative easing somewhere between US$500 billion - 2 trillion. Meanwhile, the kiwi opens sharply higher against the Australian Dollar at 0.7760. The local economic calendar is very light this week until Thursdays employment data.</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7625 – 0.7700</A></P> <P>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound hit a two-week high above 1.6000 against the greenback on Friday night after a report showed UK consumer confidence unexpectedly improved last month. Earlier in the session the currency was trading around 1.5880. Research group Gfk NOP Ltd reported the confidence index rose 1 point to minus 19 in October. Propping up the pound at present is higher than expected growth data released last week and greenback weakness across the board. Meanwhile, the pound opens steady against the Australian Dollar (1.6280) and higher against the New Zealand Dollar (2.0950).</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6260 – 1.6310</A></P> <P>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback moved lower against a basket of currencies on Friday as economic data fuelled further speculation as to the size and scope of an expanded asset purchase program. US Federal Reserve policy makers meet for 2 days this week to discuss the so-called quantitative easing which involves buying its own treasuries as a way to keep borrowing costs down and stimulate economic growth. Inflation slowed to an annualised pace of 0.8 per cent (versus 1 per cent expected) whilst U.S. gross domestic product did not surprise coming in at 2 per cent annual rate in the third quarter. The Euros upside was limited to 1.3950 whilst the Japanese Yen hit fresh 15-year highs against the US Dollar at 80.43 as the Bank of Japan brought forward the date of its next meeting fuelling speculation it too may increase debt purchases to ignite growth.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Performance of manufacturing index, Oct</P> <P><STRONG>NZD</STRONG>: No data today</P> <P><STRONG>JPY</STRONG>: &nbsp;No data today</P> <P><STRONG>GBP</STRONG>: PMI Manufacturing, Oct</P> <P><STRONG>EUR</STRONG>: Euro zone PMI, Oct</P> <P><STRONG>USD</STRONG>: ISM Manufacturing, Oct</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4192325139823679795?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-81633321139703196272010-10-29T11:21:00.018+13:002010-10-29T19:57:44.361+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8163332113970319627?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-17030076705324844802010-10-29T11:21:00.017+13:002010-10-29T19:27:35.393+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1703007670532484480?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-59618631969169509812010-10-29T11:21:00.016+13:002010-10-29T18:57:21.257+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5961863196916950981?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-2947263314363646532010-10-29T11:21:00.015+13:002010-10-29T18:26:47.409+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-294726331436364653?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-24327552035386700492010-10-29T11:21:00.014+13:002010-10-29T17:56:30.432+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2432755203538670049?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-65281295754708444782010-10-29T11:21:00.013+13:002010-10-29T17:26:16.797+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6528129575470844478?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-8989477292357203362010-10-29T11:21:00.012+13:002010-10-29T16:56:00.002+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-898947729235720336?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-13711104541812557642010-10-29T11:21:00.011+13:002010-10-29T16:25:45.448+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1371110454181255764?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-79657027204178049232010-10-29T11:21:00.010+13:002010-10-29T15:55:25.773+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7965702720417804923?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-25395640493028243512010-10-29T11:21:00.009+13:002010-10-29T15:25:07.358+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2539564049302824351?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-50575124925511794482010-10-29T11:21:00.008+13:002010-10-29T14:54:52.405+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5057512492551179448?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-55195519993728495532010-10-29T11:21:00.007+13:002010-10-29T14:24:29.911+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5519551999372849553?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-47778129881243524232010-10-29T11:21:00.006+13:002010-10-29T13:54:13.297+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4777812988124352423?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-13830114005789406452010-10-29T11:21:00.005+13:002010-10-29T13:23:56.485+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1383011400578940645?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-14680105075942702642010-10-29T11:21:00.004+13:002010-10-29T12:53:40.556+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1468010507594270264?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-1610212211036530502010-10-29T11:21:00.003+13:002010-10-29T12:23:25.090+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-161021221103653050?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-18852434458157720052010-10-29T11:21:00.002+13:002010-10-29T11:53:08.322+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1885243445815772005?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-56514032729484131992010-10-29T11:21:00.001+13:002010-10-29T11:22:48.723+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5651403272948413199?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-41179867399075467272010-10-29T11:21:00.000+13:002010-10-29T11:22:05.146+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week. Also adding to Aussie softness, if you could call it that, was weaker base metals prices and a stronger greenback that has rallied against a basket of currencies this week. However, the mood shifted somewhat offshore and the two-day greenback rally snapped back which saw the high-yielders on the move again – including the Aussie which hit an overnight high just above 0.9800. We open at 0.9780 this morning.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9750 – 0.9825</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>The kiwi opens higher against the greenback today at 0.7532 after the official cash rate (OCR) was left on hold yesterday at 3 per cent. The unit moved higher soon after the announcement as Reserve Bank Governor Alan Bollard noted in the accompanying statement that "while it is appropriate to keep the OCR on hold today, it remains likely that further removal of monetary policy support will be required at some stage". Markets are betting that rates may need to rise by as much as 100 basis points to 4 per cent by this time next year. Meanwhile, the kiwi opens higher against the Australian Dollar today at 0.7700.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7555</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>: The pound (1.5935) moved higher overnight buoyed by optimism that better-than-expected data releases earlier in the week will delay another round of quantitative easing by the Bank of England. Sterling initially hit an overnight low of 1.5761 after a report from Nationwide Building Society showed the average cost of a home dropped 0.7 per cent from September to GBP164,381 – a seven month low. Meanwhile, the pound opens higher against the Australian Dollar at 1.6280 and lower against the New Zealand Dollar at 2.1140.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6250 – 1.6330</A></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>Majors</STRONG>: The greenback's two-day rally against a basket of currencies was stopped in its tracks overnight as traders speculated the Federal Reserve will debase the currency by purchasing government debt. A report to G20 nations by the International Monetary Fund suggesting the US Dollar is on the "strong side" relative to economic performance did little to aid the greenback either. The Euro opens at 1.3928 as traders betting on the two-day dollar rally continuing cut their losses at 1.3850 and 1.3900. Meanwhile, the dollar opens lower against the Japanese Yen today at 81.00. The U.S. Federal Reserve meet for 2 days next week where they are widely tipped to announce a bond purchase program somewhere in the order of an initial US$500 billion.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: Private Sector Credit, Sep</P> <P><STRONG>NZD</STRONG>:&nbsp; Trade Balance, Sep<STRONG></STRONG></P> <P><STRONG>JPY</STRONG>: &nbsp;Jobless Rate, Sep</P> <P><STRONG>GBP</STRONG>: &nbsp;Mortgage Approvals, Sep<STRONG></STRONG></P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: &nbsp;GDP, Q3</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4117986739907546727?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-26797352519982511192010-10-28T10:58:00.000+13:002010-10-28T10:59:10.975+13:00<DIV> <P><STRONG>Australian Dollar</STRONG>: &nbsp;A smaller than anticipated rise in the consumer price index took the Aussie from an intraday high of 0.9860 down to 0.9720 in very quick fashion as traders lowered their expectations for an interest rate rise when the Reserve Bank meets next week. Headline inflation rose 0.7 per cent in the September quarter, slightly less than the 0.8 per cent expected by most economists for a an annualised reading of 2.8 per cent.. During the offshore session, the unit moved as low as 0.9650 as commodities were softer and gold plunged 10 per cent to US$1,322/oz. Despite yesterday's sell-off, the Aussies uptrend against the greenback remains intact at this stage.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/"><FONT color=#ff0000>We expect a range today of 0.9650 – 0.9750</FONT></A></P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>Against the greenback, the kiwi dollar opens at 0.7450. As expected, the Reserve Bank of New Zealand has left the official cash rate (OCR) on hold at 3 per cent. In the accompanying statement moments after the announcement, RBNZ Governor Alan Bollard noted that "downside risks to the outlook for global growth continue". Meanwhile, the kiwi has outperformed its trans-Tasman rival over the last 24 hours and opens today at 0.7650 after Australian inflation data came in a shade softer than anticipated yesterday, lowering expectations for an interest rate rise next week when the central bank meets to discuss monetary policy.</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/"><FONT color=#ff0000>We expect a range today of 0.7420 – 0.7520</FONT></A></P> <P><STRONG>Great British Pound</STRONG>: &nbsp;Pound Sterling opens marginally lower at 1.5769 as the greenback rallied across the board for a second consecutive session. Despite stronger-than-expected growth data for the third quarter, the pound is likely to remain under pressure near-term as the impact of last week's drastic UK budget cuts are still being digested by financial markets. In overnight trade, the pound moved down from a high of 1.5865 to a low of 1.5730. Meanwhile, the pound is higher against both the Australian Dollar (1.6220) and the New Zealand Dollar (2.1200).</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/"><FONT color=#ff0000>We expect a range today of 1.6180 – 1.6290</FONT></A></P> <P><STRONG>Majors</STRONG>: The big dollar moved higher overnight against a basket of currencies on speculation that the second round of quantitative easing will be a gradual process rather than a large upfront commitment. The greenback has climbed to a two-week high against the Japanese Yen at 81.68. New home sales in the United States increased 6.6 per cent to an annual pace of 307,000 in September which was also dollar-supportive. Over in Europe, sovereign debt concerns surfaced once more after Greece's Finance Minister said a shortfall in tax revenues was hampering efforts to reduce the budget deficit. The 16-nation euro currency opens lower today at 1.3760.</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG>AUD</STRONG>: Conference Board Leading Index, Aug</P> <P><STRONG>NZD</STRONG>: RBNZ Rate decision (see above)</P> <P><STRONG>JPY</STRONG>: &nbsp;Retail Sales, Sep</P> <P><STRONG>GBP</STRONG>:&nbsp; Nationwide House Prices, Oct</P> <P><STRONG>EUR</STRONG>: German Unemployment change, Oct</P> <P><STRONG>USD</STRONG>: Initial jobless claims, Oct 23</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2679735251998251119?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-84136344313680180632010-10-27T11:10:00.001+13:002010-10-27T11:10:20.314+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;The Aussie was largely range bound during yesterday's domestic session moving between 0.9880 and 0.9920 ahead of todays release of third quarter inflation data. The Aussie has been well supported since Mondays strong producer price data whilst greenback weakness continues to be a major driver for high-yielding currencies at the moment. Overnight, the Aussie hit a high of 0.9926. A strong CPI figure today is largely factored into the currency at these levels which poses some risk to the downside for a short period should the data come in softer than expected. Some position-squaring ahead of the data has seen the Aussie retreat somewhat overnight to open this morning at 0.9843.</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9775 – 0.9890</A></P> <P>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>In the absence of any local economic data the kiwi remained well supported throughout yesterdays domestic session reaching a high of 0.7535. Greenback weakness continues to be the major theme driving the high-yielding currencies and the unit may re-test the key 0.7640 level seen earlier in October as the US Federal Reserve may announce next week a second round of quantitative easing. On the interest rate front, another pause is expected when the RBNZ makes its announcement on Thursday morning. In overnight trade, the kiwi hit a high of 0.7542 but opens lower today at 0.7478. Against the Australian Dollar, the kiwi is little-changed at 0.7590.</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7445 – 0.7510</A></P> <P>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>:&nbsp; Pound Sterling rallied across the board after British growth data come in at double market expectations. Gross domestic product for the third quarter showed 0.8 per cent pushing Sterling to an overnight high of 1.5895. Also assisting the currency overnight was confirmation of the UK's AAA credit rating by S &amp; P and a restoration of its outlook from "negative" to "stable". The pound opens at 1.5835 against the greenback today. Meanwhile, the pound is sharply higher against the Australian Dollar (1.6085) and the New Zealand Dollar (2.1150).</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6035 – 1.6140</A></P> <P>&nbsp;</P> <P><STRONG>Majors</STRONG>: The U.S. Dollar moved higher overnight against the Japanese Yen and opens on Wednesday at 81.42 on renewed speculation of intervention to weaken the Yen to protect exporters. Despite authorities in Japan acknowledging intervention six weeks ago, the currency has still managed to appreciate more than 5 per cent in that time. Meanwhile, the big dollar is also stronger against the Euro (1.3845) after the U.S. Conference Board's consumer sentiment index climbed to a better-than-expected 50.2 in October from a revised 48.6 in September. The 16-nation Euro zone currency fell from an overnight high of 1.3981.</P> <P>&nbsp;</P> <P><STRONG>Data releases</STRONG></P> <P><STRONG></STRONG>&nbsp;</P> <P><STRONG>AUD</STRONG>: CPI, Q3</P> <P><STRONG>NZD</STRONG>: NBNZ Business Confidence, Oct</P> <P><STRONG>JPY</STRONG>: &nbsp;No Data today</P> <P><STRONG>GBP</STRONG>: No data today</P> <P><STRONG>EUR</STRONG>: No data today</P> <P><STRONG>USD</STRONG>: Durable Goods orders, Sep</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8413634431368018063?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-76686641745024999042010-10-26T11:46:00.001+13:002010-10-26T11:46:58.106+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>Australian Dollar</STRONG>: &nbsp;The Aussie spiked sharply above US99 cents during local trade yesterday after stronger-than-expected producer price data (PPI) increased the prospects for an interest rate rise next month. Australia''s PPI at the final stage of production rose 1.3 per cent in the September quarter - more than double the 0.5 per cent expected by most economists. The buying continued during the European session and the unit hit a high of 0.9973. Tomorrow sees the release of third quarter inflation data and anything above the forecast of 0.8 per cent may see the Aussie push through parity during the local session.</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9845 – 0.9965</A></P> <P>&nbsp;</P> <P><STRONG>New Zealand Dollar</STRONG>: <STRONG>&nbsp;</STRONG>Despite local markets being closed yesterday for Labour Day, the kiwi managed a US1-cent range as it followed a higher Australian Dollar to finish the Asian session around 0.7530. Stronger-than-expected producer price data across the Tasman had their currency on another run towards parity with the greenback. Meanwhile, momentum continued during the offshore session which saw a high of 0.7560. Against the Aussie, the kiwi opens lower today at 0.7590. Interest rates in new Zealand are expected to remain on hold at 3 per cent later in the week when the RBNZ announces its rate decision on Thursday.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7490 – 0.7560</A></P> <P>&nbsp;</P> <P><STRONG>Great British Pound</STRONG>:&nbsp; Despite another round of greenback weakness, pound sterling opens little-changed at 1.5725 against its US counterpart after a slump in mortgage approvals heightened speculation the Bank of England may need to buy more assets. The number of home loans granted in September was 31,104 – an eighteen month low. In overnight trade, the pound moved between a low of 1.5655 and a high of 1.5772. Meanwhile, the pound opens weaker against both the Australian Dollar (1.5880) and the New Zealand Dollar (2.0910).</P> <P>&nbsp;</P> <P><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.5800 – 1.5900</A></P> <P>&nbsp;</P> <P><STRONG>Majors</STRONG>: The so-called big dollar is weaker against a basket of currencies after the weekend's Group of 20 pledge to avoid "competitive devaluation" failed to dispel speculation the US Federal Reserve will debase the greenback by announcing a second round of quantitative easing. The dollar dropped to a 15-year low against the Japanese Yen at 80.41. Meanwhile, the 16-nation Euro opens at 1.3963 after hitting an overnight high of 1.4079. There is strong technical resistance around the 1.4000 area.</P> <P>&nbsp;</P> <P>&nbsp;</P> <P><STRONG>Data releases</STRONG></P> <P>&nbsp;</P> <P><STRONG>AUD</STRONG>: No data today</P> <P><STRONG>NZD</STRONG>: No data today</P> <P><STRONG>JPY</STRONG>: No data today</P> <P><STRONG>GBP</STRONG>: GDP, Q3</P> <P><STRONG>EUR</STRONG>: German Gfk Consumer Confidence survey</P> <P><STRONG>USD</STRONG>: Consumer Confidence, Oct</P></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7668664174502499904?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-25007708288078745282010-10-22T11:15:00.000+13:002010-10-22T11:16:08.304+13:00<DIV><STRONG><BR></STRONG> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><STRONG>Australian Dollar ::</STRONG> Growth and inflation figures released from China supported their move to increase interest rates earlier this week. Chinese GDP expanded 9.6% for the previous quarter, exceeding expectations, while inflation accelerated at its fastest pace in 23mths at a rate of 3.6%. The Australian Dollar slid more than half a cent against the US Dollar heading towards the 0.9800 mark before recovering its losses offshore. Positive data out of Germany improved investor appetite for growth linked currencies with the Aussie tackling 0.9880 against the Greenback on several occasions overnight before tumbling to an overnight low of 0.9740. This morning the Australian Dollar opens lower at 0.9773 versus the US Dollar.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.9710 – 0.9860</A></SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><STRONG>New Zealand Dollar ::</STRONG> According to the latest ANZ-Roy Morgan Consumer Confidence survey, New Zealand consumer confidence fell in October to a 14 month low. The index fell from 116.4 in September to 113.6 adding further signs of a sluggish economic recovery. Investors promptly sold off of the Kiwi easing the New Zealand Dollar from 0.7550 to an overnight low 0.7434 against the Greenback, a loss of more than 1.5%. The Kiwi weakened as economic data released today from Washington softened expectations of aggressive US Federal Reserve monetary policy easing next month with more than half of the Fed's 12 regions growing modestly.&nbsp; Today the Kiwi opens at 0.7450 against the US Dollar.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 0.7400 – 0.7510</A></SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><STRONG>Great British Pound ::</STRONG> The Pound tumbled, testing recent daily lows, as the nation's economic data continues to deteriorate. British retail sales figures shocked, falling -0.2% from last month. Economist had expected sales figure to improve 0.4%. Mortgage approvals had also declined in line with expectations. The figures out of the UK increase the likelihood of further quantitative easing by the Bank of England as policy-makers express support for the move. This morning the Sterling opens buying 1.5708 US Dollars ahead of this week's G20 meeting. Meanwhile, the pound opens steady against the Australian Dollar at 1.6060.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">We expect a range today of 1.6000 – 1.6100</A></SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><STRONG>Majors ::</STRONG> The Euro made a run for 1.4050 against the American Dollar offshore when news German flash manufacturing and services PMI had improved. Market expectations were for the indexes to print at 54.6 and 55.0 respectively. Growth in Germany remains strong in both sectors with manufacturing improving to 56.1 and services to 56.6. Flash figures for the Euro Zone revealed manufacturing expanded at a faster pace than services. The Euro could not hold its gains against the Greenback as investors flocked to US Dollar following comments from Brazil's Finance Minister ahead of the G20 meeting. Minister Guido Mantega said 'He [Geithner] assured me that the policy is not to weaken the dollar, but on the contrary, to strengthen it' and that they agreed to act jointly with the Group of 20 nations to find a solution for the dollar's depreciation.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small"><STRONG>Data Releases</STRONG></SPAN></P> <UL> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">AUD: &nbsp;No data today</SPAN> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">EUR: German IFO, Oct</SPAN> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">GBP: No data today</SPAN> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">JPY: No data today</SPAN> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">NZD: No data today</SPAN> <LI><SPAN style="FONT-FAMILY: arial,helvetica,sans-serif; FONT-SIZE: x-small">USD: No data today</SPAN> </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2500770828807874528?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-37591575190196634482010-10-21T19:39:00.000+13:002010-10-21T19:40:12.068+13:00<DIV><STRONG><BR></STRONG> <P><STRONG>:: Australian Dollar:</STRONG> The Australian Dollar rose for the first time in 2 days after its drop to the lowest level in 2 weeks. The Aussie dipped to 0.9662 against the US Dollar after Westpac's Leading Economic Index fell by 0.1% in August for the first time since May 2009. Bullish sentiment overcame the previous day's weakness and the Aussie recovered all of its lost ground as it targeted the 0.9900 handle against the Greenback. Despite China's unexpected interest rate hike Rio Tino, the third largest mining company, announced its plan for a $3.1 billion expansion of its Australian iron ore operations while Melbourne based BHP confirmed they will press ahead to boost its own iron ore production. The Aussie snapped back to a fresh intra-day high of 0.9888 against the US Dollar before opening this morning at 0.9866 against the Greenback. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9800 to 0.9900 <BR></A><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound remained capped at 1.5750 against the US Dollar for most of European session after slipping to 1.5650 versus the Dollar early in Asia. Minutes released from the Bank of England showed a 3 way split 7-1-1 among its policy makers with 'some of the members felt the likelihood that further monetary stimulus would become necessary in order to meet the inflation target in the medium term'. Meanwhile Chancellor of the Exchequer George Osborne outline plans to eliminate a 156 billion deficit including eliminating almost 500,000 public-sector jobs and imposing a levy on banks. The Sterling rallied to 1.5877 against the Greenback as rebounding mining stocks wetted investor appetite. The Sterling opens this morning buying 1.5846 US Dollars and 1.6050 against the Aussie. <BR><BR>- We expect a range today in the<A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/"> GBP/AUD rate of 1.5950 to 1.6150 <BR></A><BR><STRONG>:: New Zealand Dollar:</STRONG> The Kiwi traded near its lowest level against the Yen in a month and weakest in almost 2 weeks against the US Dollar after dairy prices fell to the lowest in more than two months and RBNZ Governor Alan Bollard declined suggestions New Zealand's Reserve Bank should intervene in the foreign exchange market to aid the nation's exporters. Bollard said the banks options were quite limited and 'the times we feel we can be effective are when we are around the peak or trough of the cycle and also when the exchange rate setting may be fundamentally driven by domestic policy distortions.' Moving offshore the Kiwi reached 0.7566 against the Greenback following a Federal Reserve regional survey showed the economy expanded in September at a "modest pace." This morning the Kiwi starts the day at 0.7543 against the US Dollar. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7500 to 0.7600</A> <BR><BR><STRONG>:: Majors:</STRONG> The Euro benefitted as stocks rebounded led higher by PSA Peugeot Citroen, Boeing and Yahoo! After their earnings beat estimates. German producer prices rose 0.3%, beating market expectations of a 0.2% expansion. The Euro regained more than 1% on the US Dollar rallying from 1.3697 to 1.3990 against the Greenback. Meanwhile the US Dollar reached a 15 year low against the Japanese Yen dipping to 80.83 overnight as reports from the US Fed showed Manufacturing activity, demand for nonfinancial serves, consumer spending, new motor vehicle sales and the tourism sector all saw stable to mild increases in activity in September and early October with little sign of accelerating. <BR><BR><STRONG>:: Data Releases:</STRONG></P> <UL> <LI>AUD: No data slated for release <LI>CAD: Leading Index <LI>EUR: French and German Flash Manufacturing <LI>GBP: Retail Sales; MPC Member Posen speaks <LI>JPY: No data slated for release <LI>NZD: Credit Card Spending <LI>USD: Unemployment Claims </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3759157519019663448?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-49645475492779585582010-10-20T11:28:00.001+13:002010-10-20T11:28:16.190+13:00<DIV><STRONG>:: Australian Dollar:</STRONG> The Australian Dollar peaked at 0.9955 versus the US Dollar as traders speculated a further hike in interest rates sometime this year following the release of the Reserve Bank's minutes. Policy makers in Australia said 'the case to wait before making a tightening move was that the economy was still expected to continue growing at trend in the near term, credit growth had softened somewhat and the rise in the exchange rate would, if it continued, effectively be tightening financial conditions at the margin." However China's surprise move to increase interest rates 25pts to 5.56%, the first since 2007, sapped demand for growth linked currencies. The Aussie has fallen almost 3% in overnight trade opening this morning at 0.9690 against the Greenback. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9625 to 0.9800 <BR></A><BR><STRONG>:: Great Britain Pound:</STRONG> The British Pound dipped below 1.5700 US Dollars for the first time in almost 3 weeks as investors prepared for the minutes from the Bank of England's latest meeting to be published this evening. Reports from the UK showed industrial orders had declined sharply to a six month low of -28, well below the -19 consensus, fuelling expectations of further easing measures to be taken by the Central Bank. China's decision to raise their rates by 25pts saw British resource stocks decline, putting pressure on the Sterling. This morning the Pound opens at 1.5702 versus the US Dollar. Meanwhile the Sterling is stronger against the Aussie and Kiwi starting the day at 1.6217 and 2.1120 respectively. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6100 to 1.6220 <BR><BR></A><STRONG>:: New Zealand Dollar:</STRONG> The Kiwi opens this morning buying 0.7450 US Dollars ahead of this morning's conference with RBNZ Governor Bollard. Initially spiking at 0.7600 against the Greenback after the Reserve Bank of Australia said its recent decision to hold interest rates steady was finely balanced, the New Zealand Dollar was sold off in a wave of risk aversion sparked by the surprise rate hike by China. The Kiwi slipped below 0.7430 US Dollars as US Treasury Secretary Timothy Geithner stated the US would not pursue currency devaluation. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7360 to 0.7540 <BR></A><BR><STRONG>:: Majors:</STRONG> The Euro declined for the third consecutive day as investors continued to trade cautiously. European Central Bank President Jean-Claude Trichet in no uncertain terms publically disagreed with ECB member Weber on the need to phase out bond purchases immediately over the weekend. Trichet's stance may be justified as the stronger Euro has eroded the regions competiveness with Euro Zone Current Account figures showing a decline of -7.5 Billion. German economic sentiment also declined more than expected. The Euro fell from an intra-day high of 1.4000 to 1.3710 US Dollars. The Yen also suffered as the Japanese government downgraded its assessment of the economy for the first time in 20 months. Investors sought the safety of the US Dollar selling off Japanese securities. The Greenback climbed above 81.90 Japanese Yen after Treasury Secretary Geithner said the U.S. will endeavour to preserve confidence in a strong currency. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Westpac leading index, Aug <LI>CAD: No data today <LI>EUR: German producer prices, Sept <LI>GBP: Bank of England minutes, Oct <LI>JPY: Leading Index, Sept <LI>NZD: No data today <LI>USD: Fed's Beige Book, Oct</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4964547549277958558?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-2409604506144242072010-10-15T11:09:00.000+13:002010-10-15T11:35:33.697+13:00<DIV><STRONG>:: Australian Dollar:</STRONG> The Aussie came within a whisker of parity during overnight trade hitting a high of 0.9993, its highest level against the US Dollar since the currency floated in 1983. Buoyed by strong commodities, high interest rates and a friendless greenback that has been sold heavily in recent weeks as the US Federal Reserve grapples with the prospect of pumping more money into their economy to avert a double dip recession. Adding to the bullish sentiment yesterday was the release of higher-than-expected inflation expectations which surged to 3.8 per cent this month according to the monthly Melbourne Institute survey. The official cash rate is tipped to rise by 25 basis points to 4.75 per cent next month. The Aussie eased back throughout the New York session and opens at 0.9912. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9875 to 0.9965</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound (1.6002) has moved higher against the U.S. Dollar, once again thanks largely to the well-documented greenback woes rather than any underlying Sterling strength. In overnight trade the pound hit a high of 1.6066. The pound however is underperforming against the Euro (0.8786) as the British economy languishes and traders speculate the Bank of England will be forced to keep rates at the record low of 0.5 per cent. Meanwhile, the pound opens higher against both the Australian Dollar (1.6131) and the New Zealand Dollar (2.1140). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6075 to 1.6145 <BR><BR></A><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar opens lower today at 0.7560 after a fall during yesterday''s domestic session. Statistics New Zealand reported that August retail sales fell further than expected suggesting interest rates are likely to remain on hold. During overnight trade, the kiwi recovered hitting a high of 0.7643 on the back of a surging Australian Dollar. Also looming large on the data front is next weeks inflation reading which is expected to come in at a ten year low of 1.3 per cent. This may keep a lid on the kiwi, particularly against the Australian Dollar where interest rates in that country are widely tipped to increase next month. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7535 to 0.7600</A> <BR><BR><STRONG>:: Majors:</STRONG> The so-called big dollar hit fresh calendar-year lows against a basket of currencies overnight and a new 15-year low versus the Japanese Yen at 80.88. Weaker-than-expected economic data added to the greenback's woes. Initial jobless claims ballooned to 462,000 for the week ending October 9, whilst the U.S. trade deficit widened 8.8 per cent to $46.3 billion in August. The gloomy growth outlook and the prospect of a second round of quantitative easing by the Federal Reserve continue to weigh on the US Dollar. Meanwhile, the 16-nation euro opens higher today at 1.4058. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No data today <LI>CAD: No data today <LI>EUR: Euro Zone CPI, Sept <LI>GBP: No data today <LI>JPY: Industrial Production, Aug <LI>NZD: No data today <LI>USD: Uni of Michigan Confidence, Oct</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-240960450614424207?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-21690938234244501032010-10-11T10:02:00.001+13:002010-10-11T10:02:38.796+13:00<DIV> <DIV><STRONG><BR><BR>:: Australian Dollar:</STRONG> Despite a brief run lower during Friday''s offshore session towards US97 cents, the Australian Dollar has rallied for an eighth consecutive week and opens today at 0.9880. As quantitative easing looms in the United States, the greenback continues to weaken across the board which has been of particular benefit to high-yielding currencies such as the Aussie. Stronger commodities and base metals prices are also underpinning the local unit. As parity with the greenback looms large, the Aussie also remains strong on the cross rates opening at 0.7060 versus the Euro and 0.6200 against the British Pound. <BR><BR>- We expect a range today in the AU<A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">D/USD rate of 0.9530 to 0.9920</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens higher today at 1.5930 as the greenback continues its recent slide against several major currencies. Sterling hit an overnight low of 1.5823 after the National Institute of Economic and Social Research in its monthly publication estimated the pace of growth in the UK may have slowed to just 0.5 per cent in the September quarter. However, weak employment data in the US pushed the greenback lower and the pound to an overnight high of 1.5964. Meanwhile, the pound opens lower against both the Australian Dollar (1.6110) and the New Zealand Dollar (2.1070). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6100 to 1.6155</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The kiwi opens stronger today (0.7560) and has consolidated upon its recent gains around the US75 cent area. US employment data released on Friday night did nothing to eliminate the prospect of further quantitative easing which continues to weaken the greenback across the board. Despite a brief run lower offshore on Friday down towards US74 cents, the kiwi rallied sharply hitting a high of 0.7550. The local economic calendar is light today and the currency is likely to be supported by strong commodity prices. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7520 to 0.7600</A> <BR><BR><STRONG>:: Majors:</STRONG> The big dollar opens weaker against the Euro (1.3980) and Japanese Yen (81.91) as worse-than-expected US jobs data fuelled speculation the Federal Reserve will buy more debt. The US unemployment rate remains at 9.6 per cent after employers shed 95,000 workers during September. The greenback weakened across the board and even with the 16-nation euro at these high levels, traders to continued to sell dollars as a second round of quantitative easing looms. Meanwhile, the US Dollar hit a 15-year low against the Yen on Friday of 81.71. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Home loans, August <LI>CAD: Markets closed, Thanksgiving Day <LI>EUR: No data today <LI>GBP: RICS House Price balance, September <LI>JPY: No data today <LI>NZD: No data today <LI>USD: No data today</LI></UL></DIV></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2169093823424450103?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-42364443127596529312010-10-11T10:00:00.001+13:002010-10-11T10:01:53.211+13:00<DIV><STRONG>Monday, 11 October 2010 - Market Commentary<BR><BR>:: Australian Dollar:</STRONG> Despite a brief run lower during Friday''s offshore session towards US97 cents, the Australian Dollar has rallied for an eighth consecutive week and opens today at 0.9880. As quantitative easing looms in the United States, the greenback continues to weaken across the board which has been of particular benefit to high-yielding currencies such as the Aussie. Stronger commodities and base metals prices are also underpinning the local unit. As parity with the greenback looms large, the Aussie also remains strong on the cross rates opening at 0.7060 versus the Euro and 0.6200 against the British Pound. <BR><BR>- We expect a range today in the AU<A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">D/USD rate of 0.9530 to 0.9920</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens higher today at 1.5930 as the greenback continues its recent slide against several major currencies. Sterling hit an overnight low of 1.5823 after the National Institute of Economic and Social Research in its monthly publication estimated the pace of growth in the UK may have slowed to just 0.5 per cent in the September quarter. However, weak employment data in the US pushed the greenback lower and the pound to an overnight high of 1.5964. Meanwhile, the pound opens lower against both the Australian Dollar (1.6110) and the New Zealand Dollar (2.1070). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6100 to 1.6155</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The kiwi opens stronger today (0.7560) and has consolidated upon its recent gains around the US75 cent area. US employment data released on Friday night did nothing to eliminate the prospect of further quantitative easing which continues to weaken the greenback across the board. Despite a brief run lower offshore on Friday down towards US74 cents, the kiwi rallied sharply hitting a high of 0.7550. The local economic calendar is light today and the currency is likely to be supported by strong commodity prices. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7520 to 0.7600</A> <BR><BR><STRONG>:: Majors:</STRONG> The big dollar opens weaker against the Euro (1.3980) and Japanese Yen (81.91) as worse-than-expected US jobs data fuelled speculation the Federal Reserve will buy more debt. The US unemployment rate remains at 9.6 per cent after employers shed 95,000 workers during September. The greenback weakened across the board and even with the 16-nation euro at these high levels, traders to continued to sell dollars as a second round of quantitative easing looms. Meanwhile, the US Dollar hit a 15-year low against the Yen on Friday of 81.71. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Home loans, August <LI>CAD: Markets closed, Thanksgiving Day <LI>EUR: No data today <LI>GBP: RICS House Price balance, September <LI>JPY: No data today <LI>NZD: No data today <LI>USD: No data today</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4236444312759652931?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-69873504418823243582010-10-11T10:00:00.000+13:002010-10-11T10:01:07.198+13:00<DIV><STRONG>Monday, 11 October 2010 - Market Commentary<BR><BR>:: Australian Dollar:</STRONG> Despite a brief run lower during Friday''s offshore session towards US97 cents, the Australian Dollar has rallied for an eighth consecutive week and opens today at 0.9880. As quantitative easing looms in the United States, the greenback continues to weaken across the board which has been of particular benefit to high-yielding currencies such as the Aussie. Stronger commodities and base metals prices are also underpinning the local unit. As parity with the greenback looms large, the Aussie also remains strong on the cross rates opening at 0.7060 versus the Euro and 0.6200 against the British Pound. <BR><BR>- We expect a range today in the AU<A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">D/USD rate of 0.9530 to 0.9920</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens higher today at 1.5930 as the greenback continues its recent slide against several major currencies. Sterling hit an overnight low of 1.5823 after the National Institute of Economic and Social Research in its monthly publication estimated the pace of growth in the UK may have slowed to just 0.5 per cent in the September quarter. However, weak employment data in the US pushed the greenback lower and the pound to an overnight high of 1.5964. Meanwhile, the pound opens lower against both the Australian Dollar (1.6110) and the New Zealand Dollar (2.1070). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6100 to 1.6155</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The kiwi opens stronger today (0.7560) and has consolidated upon its recent gains around the US75 cent area. US employment data released on Friday night did nothing to eliminate the prospect of further quantitative easing which continues to weaken the greenback across the board. Despite a brief run lower offshore on Friday down towards US74 cents, the kiwi rallied sharply hitting a high of 0.7550. The local economic calendar is light today and the currency is likely to be supported by strong commodity prices. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7520 to 0.7600</A> <BR><BR><STRONG>:: Majors:</STRONG> The big dollar opens weaker against the Euro (1.3980) and Japanese Yen (81.91) as worse-than-expected US jobs data fuelled speculation the Federal Reserve will buy more debt. The US unemployment rate remains at 9.6 per cent after employers shed 95,000 workers during September. The greenback weakened across the board and even with the 16-nation euro at these high levels, traders to continued to sell dollars as a second round of quantitative easing looms. Meanwhile, the US Dollar hit a 15-year low against the Yen on Friday of 81.71. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Home loans, August <LI>CAD: Markets closed, Thanksgiving Day <LI>EUR: No data today <LI>GBP: RICS House Price balance, September <LI>JPY: No data today <LI>NZD: No data today <LI>USD: No data today</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6987350441882324358?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-73841905503132828652010-10-08T11:51:00.001+13:002010-10-08T11:51:50.378+13:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> The Aussie Dollar has experienced quite the roller coaster ride over the past 24 hours, beginning with favourable employment figures yesterday which catapulted our local currency above 98 cents to reach session highs of 0.9844. An extra 49,500 jobs were created since the previous month and with the expectation far less at 20,200 we saw an instant jump of 70 pips and the Australian dollar closed local trade comfortably around 0.9840. As the US Dollar continued to suffer during London, markets watched as the Aussie was not to be deterred by milestones and rallied above 99 cents to its highest value since the floatation of the currency in 1983. Finding resistance around 0.9910 the rally was capped and following the release of US unemployment figures a rapid retracement saw AUD/USD fall back considerably to test support at 0.9785. Opening today back above 98 cents we currently sit at 0.9825 with the RBA Deputy Governor Ric Battellino due to speak later today at the Property Council of Australia's luncheon in Brisbane. Key employment data from the US is due overnight tonight and with the Aussie Dollar's propensity to explore territory not seen since flotation from the Greenback we can only wait and see if a parity party eventuates. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9780 to 0.9880</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Another quiet Asian session for the Pound saw it enter London around 1.5870 however muted trade was not to continue for long. Seemingly undeterred by less than desirable Housing data, where house prices dropped a whopping 3.6% in the last month, markets focused on the interest rate announcement and accompanying monetary policy statement by the Bank of England. As expected rates were left on hold at 0.5%, though quantative easing measures was what the markets were watching and this was also left unchanged at 200B. Cable's reaction was a favourable one and a rally above 1.60 ensued as it became apparent investor's were partly expecting the BoE to inject a little more liquidity into is Asset Purchasing Program. Unable to escape the upcoming US unemployment figures GBP/USD slid back on the news and found support at 1.5830. Opening today at 1.5870 against the US Dollar this evening will bring with it UK Producer Price Index figures which is a leading indicator of consumer inflation and thus holds significant event risk. Despite an attempt at a recovery against the Aussie Dollar overnight the cross opens lower today at 1.6150; against the Kiwi we are relatively unchanged at 2.1160. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6100 to 1.6250</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar experienced some choppy but uneventful trade against the Greenback yesterday, but following a popular trend, rallied to new highs overnight. Moving from range-bound trade between 0.7510/40 the Kiwi pushed through resistance at 0.7550 to make an attempt at 76 cents. Denied the privilege by favourable US data highs near 0.7590 were reached before a familiar tumble was seen back below 75 cents to only find support at 0.7470. Profit-taking has seen the currency pair recover to trade around the 75 cent handle at the open of today's session. Against the Australian Dollar the Kiwi has also suffered recent losses spurred by the aforementioned Aussie employment figures. Back above 1.31 briefly overnight the antipodean pair start today just below at 1.3090. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7450 to 0.7550 </A><BR><BR><STRONG>:: Majors:</STRONG> The Greenback continued its slide against most of the major currencies during Asia and Europe yesterday, with USD/JPY reaching new 15 year lows below 82.20. The currency pair slid from session highs above 83.00 as Japanese officials state Japan will not enter into currency devaluation for the sake of the country's exporters; Vice Finance Minister Sakurai said that the Yen's value is something that will be determined by the markets. The Euro also staged an impressive rally against the U.S Dollar overnight breaking through 1.40 barriers to reach highs above 1.4020 during European trade. Capitalising on US weakness, the single currency was also bolstered locally by impressive German Industrial Production as well as the ECB Press Conference where President Trichett stated European Banks were requesting less financing from the ECB than before. As widely expected, interest rates were kept on hold at 1.0% in the Eurozone. The Greenback's fall did manage to find a bottom however and upon the release of a larger than expected decrease in unemployment claims, the U.S. Dollar staged a retaliation. Climbing back to test resistance at 82.50 against the Japanese Yen the currency pair enters today's Asian session around 82.40 ahead of the release of the Bank of Japan's Monetary Policy Meeting Minutes. EUR/USD retreated dramatically, falling below 1.40 and finding support at 1.3860. Climbing back above 1.39, we enter today's session at 1.3920 with the German Trade Balance due for release this evening, and the much anticipated US Non-Farm Payrolls during the American session. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Deputy RBA Governor Battellino Speaks <LI>NZD: No Data Expected Today <LI>USD: Sep Employment Data &amp; Aug Wholesale Inventories <LI>GBP: Sep PPI <LI>EUR: Aug German Trade Balance <LI>JPY: BoJ Monetary Policy Minutes &amp; Aug Current Account </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7384190550313282865?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-33740016973705570542010-10-07T11:28:00.001+13:002010-10-07T11:28:46.881+13:00<DIV>&nbsp;</DIV> <DIV>&nbsp;</DIV> <DIV><STRONG>:: Australian Dollar:</STRONG> The Australian Dollar took a break yesterday, moving in a very quiet 30 pip range against the USD after recent volatile trade. Entering the European session just above 97 cents, the Aussie decided to make a break and rallied to a high of 0.9780 before settling around 0.9740/50. Helped by disappointing US employment data the markets saw a rally back towards 98 cents but resistance was once again met just above previous levels and the Aussie Dollar finishes the off-shore session around 0.9770. Today's Asian session brings the release of the AIG Construction Index and most importantly local unemployment figures, with surveyed economists expecting the unemployment rate to remain unchanged at 5.1%. Current momentum and bullish sentiment for the AUD may see it take a crack at the 98 cent handle in the event of favourable figures, with initial intraday support lying at 0.9750 and below this at 0.9730. </DIV> <DIV>&nbsp;</DIV> <DIV>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9720 to 0.9800 </A></DIV> <DIV>&nbsp;</DIV> <DIV><STRONG>:: Great Britain Pound:</STRONG> Another quiet player during the day yesterday the Great British Pound entered its local session just above 1.5900, but steadily moved lower, testing support at 1.5830. Unlike the Yen and the Aussie Dollar, Sterling felt the weight of the ADP Payroll figures and this contributed to the currency's retreat. Ultimately however, it was the Greenback that suffered and Sterling managed to recover some of these losses reasonably quickly, rallying back above 1.5900. Opening today just below at 1.5890 the main focus will be this evening when the Bank of England announce its official Cash Rate, widely expected to be held at 0.5%, and the Monetary Policy Committee make the accompanying statement. Also on the cards is the release of the country's Asset Purchase Facility which will show the total value of funds the BoE plan to invest in the open market. </DIV> <DIV>&nbsp;</DIV> <DIV>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6200 to 1.6325 </A></DIV> <DIV>&nbsp;</DIV> <DIV><STRONG>:: New Zealand Dollar:</STRONG> After remaining comfortably above 74 cents since Tuesday evening, the New Zealand Dollar has now managed to break 0.7500 quite comfortably overnight as the US Dollar weakens. New resistance has been established at 0.7550 where the Kiwi's rally was capped and some profit-taking has seen the currency pair consolidate around 0.7520; with support at 0.7500 holding strong since the break. Upcoming economic data is currently thin for New Zealand with nothing of note expected until mid-next week. Direction is thus most likely to be based on risk sentiment and anyone with a vested interest in the Kiwi will be watching Friday's much anticipated U.S. Non-Farm Payrolls. </DIV> <DIV>&nbsp;</DIV> <DIV>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7475 to 0.7550 </A></DIV> <DIV>&nbsp;</DIV> <DIV>:: Majors: The Japanese Yen has reached new 15-year highs overnight, breaking below 82.80 against the Greenback on the back of an unexpected 39K drop in ADP Non-Farm Employment. In comparison to the expected 23K increase, this drop has cast a shadow of uncertainty over the U.S. economy with the International Monetary Fund also cutting its global growth forecasts overnight. After finding support just above 82.75 USD/JPY adjusts back towards the 83.00 mark and starts today's Asian session around 82.90. The US Dollar is suffering against most of the major currencies ahead of Friday's payroll figures and the Euro has taken the opportunity to break through 1.3900, capping just above 1.3940. Currently consolidating just above 1.3930, investors will be watching closely this evening when the European Central Bank announces its monthly interest rate decision and the entailing press conference. Support for the single currency is at 1.3830, with a considerable psychological upside barrier at 1.4000. </DIV> <DIV>&nbsp;</DIV> <DIV><STRONG>:: Data Releases: <BR></STRONG>AUD: Sep Employment Report &amp; Sep Aig Construction Index <BR>NZD: No Data Expected Today <BR>USD: Weekly Jobless Claims, Aug Consumer Credit &amp; Fedspeak <BR>GBP: Aug Industrial Production, Aug Manufacturing Production &amp; BoE Meeting <BR>EUR: ECB Meeting &amp; German Aug Industrial Production <BR>JPY: Aug Prelim Leading Index &amp; Aug Prelim Coincident Index</DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-3374001697370557054?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-81079707171409677562010-10-06T21:24:00.001+13:002010-10-06T21:24:54.523+13:00<DIV> <DIV><BR><STRONG>:: Australian Dollar:</STRONG> The recent rally of the Australian Dollar took a major hit yesterday as the RBA announced its decision to keep interest rates on hold at 4.5%. In his statement Governor Glenn Stevens stated that financial markets are still surrounded by a degree of uncertainty and considering a more sustainable rate of growth in the Asia region, current monetary policy is sufficient in keeping inflation at desired levels. AUD/USD dropped from 0.9670 to 0.9585 immediately upon release and continued to trade down to close the local session around 0.9560. A dramatic recovery has been seen throughout the European and North American sessions however as investors look more closely at the position taken by the RBA and focused in on the latter part of the accompanying statement. Stevens' tone can still be considered quite hawkish for the upcoming months, affirming that if economic conditions continue to evolve as expected it is likely higher interest rates will be needed. The Aussie Dollar fought back as this information was digested and with the help of improved risk appetite, pushed through several key levels to break 97 cents once more. We enter today's Asian session trading at 0.9715 and after a busy economic calendar yesterday things may be a little quieter with no local data due for release today. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9650 to 0.9750</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Sterling had a quiet session during Asian trade yesterday as it conceded centre stage to the Aussie and the Yen, and entered offshore trade just above the 1.58 handle. Markets soon saw a rally in Cable, partly due to a weakening in the Greenback and partly due to an increase in UK Services PMI which was higher than expected. Moving from a low near 1.5780, the Pound gained over a cent and touched highs above 1.5910 before the USA's PMI data release helped the currency pair test resistance around 1.5930. Not so lucky against the Aussie, gains made yesterday were wiped out overnight and GBP/AUD opens today at 1.6350, the same place we were 24 hours ago. Trading lower against the New Zealand Dollar we start today with support levels at 2.12 being heavily tested. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6275 to 1.6400</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> After losing some ground yesterday on decreased local Business Confidence the New Zealand dollar spent most of yesterday in range-bound trade between 0.7370/0.7400. Entering London around 0.7390, positive data to follow out of Europe and America gave the Kiwi the fuel it was looking for to stage a commendable rally as risky assets were bought up overnight. Pushing through resistance at 0.7420 and 0.7450, the New Zealand Dollar rallied towards 75 cents, but was unsuccessful in its attempt. Consolidating around 0.7480/90 we begin today unchanged at these levels and with no local data expected, the currency will continue to look to investor sentiment for direction. After gaining considerable ground against the Aussie yesterday after the RBA's rate announcement, the NZD has managed to hold onto these gains better than the Greenback and AUD/NZD remains below 1.30 this morning. Trading in a narrow range we open today at 1.2970. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7425 to 0.7525</A> <BR><BR><STRONG>:: Majors:</STRONG> The Bank of Japan shocked the markets yesterday when it was announced they would be cutting their cash rate from 0.1% to near zero percent. The bold measure by the central bank comes as falling prices and the soaring Yen continue to cause concern for the exporting nation. The Greenback gaining almost 50 pips against the Yen and trading up to just shy of 84.00 upon release. The effect was short-lived however and throughout offshore trade the Yen retraced these losses and moved back towards key support at 83.15. Having broken through this level temporarily overnight, markets look to Bank of Japan's Monthly Report due out this afternoon to see as to whether JPY will continue its rally against the USD and retest 15 year highs below 82.90 as seen in September. Risk sentiment is picking up in the markets of late as many central banks talk of easing measures, and when it was announced in the US overnight that ISM Non-Manufacturing PMI increased above expectations appetite for high yielding assets took another leap. Indication that growth in this area is picking up has been seen as an early indicator towards the improvement of the subdued US payroll statistics. EUR/USD rallied overnight, also supported by local positive PMI data, to reach highs above 1.3850 and we start today trading around 1.3830. Eyes will be on the US tonight where in the lead-up to Friday's Non-Farm Payrolls we have the ADP Non-Farm Employment change; both of these releases a key indicator to the country's economic health. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No Data Expected Today <LI>NZD: No Data Expected Today <LI>USD: Sep ADP Employment &amp; Geithner Speaks <LI>GBP: Sep Halifax House Prices &amp; Sep NIESR GDP Estimate <LI>EUR: Q2 Final GDP &amp; Aug German Factory Orders <LI>JPY: BoJ Monthly Report</LI></UL></DIV></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8107970717140967756?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-67916383660512497772010-10-06T21:22:00.000+13:002010-10-06T21:23:05.515+13:00<DIV><STRONG><BR></STRONG>:: Australian Dollar: The recent rally of the Australian Dollar took a major hit yesterday as the RBA announced its decision to keep interest rates on hold at 4.5%. In his statement Governor Glenn Stevens stated that financial markets are still surrounded by a degree of uncertainty and considering a more sustainable rate of growth in the Asia region, current monetary policy is sufficient in keeping inflation at desired levels. AUD/USD dropped from 0.9670 to 0.9585 immediately upon release and continued to trade down to close the local session around 0.9560. A dramatic recovery has been seen throughout the European and North American sessions however as investors look more closely at the position taken by the RBA and focused in on the latter part of the accompanying statement. Stevens' tone can still be considered quite hawkish for the upcoming months, affirming that if economic conditions continue to evolve as expected it is likely higher interest rates will be needed. The Aussie Dollar fought back as this information was digested and with the help of improved risk appetite, pushed through several key levels to break 97 cents once more. We enter today's Asian session trading at 0.9715 and after a busy economic calendar yesterday things may be a little quieter with no local data due for release today. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9650 to 0.9750</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Sterling had a quiet session during Asian trade yesterday as it conceded centre stage to the Aussie and the Yen, and entered offshore trade just above the 1.58 handle. Markets soon saw a rally in Cable, partly due to a weakening in the Greenback and partly due to an increase in UK Services PMI which was higher than expected. Moving from a low near 1.5780, the Pound gained over a cent and touched highs above 1.5910 before the USA's PMI data release helped the currency pair test resistance around 1.5930. Not so lucky against the Aussie, gains made yesterday were wiped out overnight and GBP/AUD opens today at 1.6350, the same place we were 24 hours ago. Trading lower against the New Zealand Dollar we start today with support levels at 2.12 being heavily tested. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6275 to 1.6400</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> After losing some ground yesterday on decreased local Business Confidence the New Zealand dollar spent most of yesterday in range-bound trade between 0.7370/0.7400. Entering London around 0.7390, positive data to follow out of Europe and America gave the Kiwi the fuel it was looking for to stage a commendable rally as risky assets were bought up overnight. Pushing through resistance at 0.7420 and 0.7450, the New Zealand Dollar rallied towards 75 cents, but was unsuccessful in its attempt. Consolidating around 0.7480/90 we begin today unchanged at these levels and with no local data expected, the currency will continue to look to investor sentiment for direction. After gaining considerable ground against the Aussie yesterday after the RBA's rate announcement, the NZD has managed to hold onto these gains better than the Greenback and AUD/NZD remains below 1.30 this morning. Trading in a narrow range we open today at 1.2970. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7425 to 0.7525</A> <BR><BR><STRONG>:: Majors:</STRONG> The Bank of Japan shocked the markets yesterday when it was announced they would be cutting their cash rate from 0.1% to near zero percent. The bold measure by the central bank comes as falling prices and the soaring Yen continue to cause concern for the exporting nation. The Greenback gaining almost 50 pips against the Yen and trading up to just shy of 84.00 upon release. The effect was short-lived however and throughout offshore trade the Yen retraced these losses and moved back towards key support at 83.15. Having broken through this level temporarily overnight, markets look to Bank of Japan's Monthly Report due out this afternoon to see as to whether JPY will continue its rally against the USD and retest 15 year highs below 82.90 as seen in September. Risk sentiment is picking up in the markets of late as many central banks talk of easing measures, and when it was announced in the US overnight that ISM Non-Manufacturing PMI increased above expectations appetite for high yielding assets took another leap. Indication that growth in this area is picking up has been seen as an early indicator towards the improvement of the subdued US payroll statistics. EUR/USD rallied overnight, also supported by local positive PMI data, to reach highs above 1.3850 and we start today trading around 1.3830. Eyes will be on the US tonight where in the lead-up to Friday's Non-Farm Payrolls we have the ADP Non-Farm Employment change; both of these releases a key indicator to the country's economic health. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No Data Expected Today <LI>NZD: No Data Expected Today <LI>USD: Sep ADP Employment &amp; Geithner Speaks <LI>GBP: Sep Halifax House Prices &amp; Sep NIESR GDP Estimate <LI>EUR: Q2 Final GDP &amp; Aug German Factory Orders <LI>JPY: BoJ Monthly Report</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6791638366051249777?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-45950788556774736022010-09-30T20:36:00.002+13:002010-09-30T20:38:29.568+13:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> Early yesterday it appeared as though we were in for another quiet Asian session with the AUD/USD sitting contently within a 25 pip range for the majority of the day. The release of local data had no apparent impact, and despite an increase of 0.8% in the CB Leading Index the market was content in consolidating recent gains. The USD remained under pressure however and the Aussie soon found some momentum from bullish movement in precious metals markets and speculation of October cash rate hikes. Racing through what was expected to have been some form of resistance at 0.9700 the Australian Dollar entered off-shore trade just shy of 0.9730. Some mild profit-taking and mixed opinions over stimulus measures within the Fed saw a drop back below 97 cents, as the currency pair also awaits the US House of Representative's vote on the China trade sanctions bill. The passing of this bill is aimed at restricting low currency valuations in order to support exporters which is currently hurting U.S exports. Opening today around 0.9690 this morning's economic calendar brings data on local Building Approvals, Private Sector Credit and the RBA's Financial Stability review. Upside resistance has proven to be at 0.9730 and support lies at 0.9670. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9650 to 0.9725</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling traded steadily in the right direction against the Greenback during yesterday's Asian session, moving from 1.5800 through to test key resistance levels at 1.5850 and reach highs near 1.5860 by the beginning of European trade. Resistance proved too much however and a sharp reversal sent the Pound back to 1.5810, with a mixed bag of local data failing to give the struggling currency any support. Quickly losing momentum Sterling needs new reason to push higher and investors will be watching the release of Consumer Confidence figures being released early this morning as well as the Nationwide house Price Index due early London hours. GBP/USD opens today back below 1.5800 currently trading between 1.5780/90. Also lower against the Australian dollar after falling below 1.6300 overnight we currently sit right on the 1.63 handle with early morning N.Z data releases taking the Pound is higher against the Kiwi this morning at 2.1470. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6250 to 1.6400</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar also spent yesterday's Asian session consolidating recent gains trading just below 74 cents. Capitalising on some momentary USD weakness, some orders managed to push the Kiwi briefly above 0.7400 with European trade seeing several unsuccessful attempts to push any higher. Proving too much in the end the NZD retreated quite rapidly back to test support levels around 0.7360 although attempting to recover these losses we begin today with the release of NZ Building Consents which have just been announced at a drop of 17.8%. An immediate drop was seen from 0.7370 to 0.7345 and we are currently trading at 0.7350. Today's session will also bring the release of National Bank of New Zealand's Business Confidence survey with this statistic holding quite a high degree of market influence. Against its antipodean counterpart, the Kiwi is also suffering with the Aussie forging new highs above 1.3150 which were only seen briefly back in April this year. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7225 to 0.7325</A> <BR><BR><STRONG>:: Majors: EUR/USD</STRONG> saw little movement early on yesterday, trading between 1.3565 and 1.3595. An increase in French Consumer confidence helped push the single currency through 1.3600 for the first time since April this year and backed by some large orders it managed to stage a rally to new highs just below 1.3650. Continuing to weigh on the currency however is Portuguese and Irish debt worries, and this evening also brings the release of German unemployment figures and CPI estimates for EU member states. The Euro opens today trading at 1.3620. The Yen was one of the few currencies that made a move during Asia yesterday, gaining further ground against a suffering US Dollar and trading down to 83.62 as a strong September Tankan Index showed the highest reading since March 2003. Entering offshore trade just above 83.50 the Greenback attempted to recapture some of these losses however the pair have held solidly below 84.00. Entering Asia this morning at 83.75, investors await Japanese Preliminary Industrial Production and Retail Sales figures due out this morning. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Aug Building Approvals, Aug Private Sector Credit &amp; RBA Financial Stability Review <LI>NZD: Sep NBNZ Business Confidence <LI>USD: Q2 GDP Revision, Q2 PCE, Sep Chicago Purchasing Manager &amp; Weekly jobless claims <LI>GBP: Sep Nationwide House Prices <LI>EUR: Sep CPI &amp; German Sep Employment <LI>JPY: Aug Retail Trade, Aug Industrial Production, Aug Housing Starts &amp; Aug Construction Orders</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4595078855677473602?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-23974121049584431602010-09-30T20:36:00.001+13:002010-09-30T20:36:39.334+13:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> Early yesterday it appeared as though we were in for another quiet Asian session with the AUD/USD sitting contently within a 25 pip range for the majority of the day. The release of local data had no apparent impact, and despite an increase of 0.8% in the CB Leading Index the market was content in consolidating recent gains. The USD remained under pressure however and the Aussie soon found some momentum from bullish movement in precious metals markets and speculation of October cash rate hikes. Racing through what was expected to have been some form of resistance at 0.9700 the Australian Dollar entered off-shore trade just shy of 0.9730. Some mild profit-taking and mixed opinions over stimulus measures within the Fed saw a drop back below 97 cents, as the currency pair also awaits the US House of Representative's vote on the China trade sanctions bill. The passing of this bill is aimed at restricting low currency valuations in order to support exporters which is currently hurting U.S exports. Opening today around 0.9690 this morning's economic calendar brings data on local Building Approvals, Private Sector Credit and the RBA's Financial Stability review. Upside resistance has proven to be at 0.9730 and support lies at 0.9670. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9650 to 0.9725</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling traded steadily in the right direction against the Greenback during yesterday's Asian session, moving from 1.5800 through to test key resistance levels at 1.5850 and reach highs near 1.5860 by the beginning of European trade. Resistance proved too much however and a sharp reversal sent the Pound back to 1.5810, with a mixed bag of local data failing to give the struggling currency any support. Quickly losing momentum Sterling needs new reason to push higher and investors will be watching the release of Consumer Confidence figures being released early this morning as well as the Nationwide house Price Index due early London hours. GBP/USD opens today back below 1.5800 currently trading between 1.5780/90. Also lower against the Australian dollar after falling below 1.6300 overnight we currently sit right on the 1.63 handle with early morning N.Z data releases taking the Pound is higher against the Kiwi this morning at 2.1470. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6250 to 1.6400</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar also spent yesterday's Asian session consolidating recent gains trading just below 74 cents. Capitalising on some momentary USD weakness, some orders managed to push the Kiwi briefly above 0.7400 with European trade seeing several unsuccessful attempts to push any higher. Proving too much in the end the NZD retreated quite rapidly back to test support levels around 0.7360 although attempting to recover these losses we begin today with the release of NZ Building Consents which have just been announced at a drop of 17.8%. An immediate drop was seen from 0.7370 to 0.7345 and we are currently trading at 0.7350. Today's session will also bring the release of National Bank of New Zealand's Business Confidence survey with this statistic holding quite a high degree of market influence. Against its antipodean counterpart, the Kiwi is also suffering with the Aussie forging new highs above 1.3150 which were only seen briefly back in April this year. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7225 to 0.7325</A> <BR><BR><STRONG>:: Majors: EUR/USD</STRONG> saw little movement early on yesterday, trading between 1.3565 and 1.3595. An increase in French Consumer confidence helped push the single currency through 1.3600 for the first time since April this year and backed by some large orders it managed to stage a rally to new highs just below 1.3650. Continuing to weigh on the currency however is Portuguese and Irish debt worries, and this evening also brings the release of German unemployment figures and CPI estimates for EU member states. The Euro opens today trading at 1.3620. The Yen was one of the few currencies that made a move during Asia yesterday, gaining further ground against a suffering US Dollar and trading down to 83.62 as a strong September Tankan Index showed the highest reading since March 2003. Entering offshore trade just above 83.50 the Greenback attempted to recapture some of these losses however the pair have held solidly below 84.00. Entering Asia this morning at 83.75, investors await Japanese Preliminary Industrial Production and Retail Sales figures due out this morning. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Aug Building Approvals, Aug Private Sector Credit &amp; RBA Financial Stability Review <LI>NZD: Sep NBNZ Business Confidence <LI>USD: Q2 GDP Revision, Q2 PCE, Sep Chicago Purchasing Manager &amp; Weekly jobless claims <LI>GBP: Sep Nationwide House Prices <LI>EUR: Sep CPI &amp; German Sep Employment <LI>JPY: Aug Retail Trade, Aug Industrial Production, Aug Housing Starts &amp; Aug Construction Orders</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2397412104958443160?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-23309270887042832822010-09-29T12:01:00.000+13:002010-09-29T12:02:20.047+13:00<DIV> <DIV><BR></DIV> <DIV><STRONG><BR><BR>:: Australian Dollar:</STRONG> With little to go on the Australian Dollar put in another quiet performance during Asia yesterday, oscillating primarily between 0.9585 and 0.9610. The end of the day saw some profit-taking once again and we saw a drop to test 0.9560; however support levels held into European trade. It all kicked off from here as the Aussie staged its first rally to have another attempt at 0.9640 resistance where it stalled momentarily and slipped back just below the 96 cents handle. The opening of North American trade and the announcement of less than desirable US Consumer Confidence (which dropped significantly to 48.5 from a previous 53.2) gave the AUD a window of opportunity to stage another attempt at key resistance- and this time successfully. Stalling momentarily at 0.9640, it soon pushed higher conquering further resistance seemingly unperturbed and reached new highs above 0.9680. Consolidating around 0.9675 we finally have some local data to watch today with the Conference Board's Leading Index being released this morning as well as New Home Sales figures. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9620 to 0.9720</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound traded relatively unchanged during the day yesterday and entered its local session sitting around 1.5800. Some good news arose early on in the day with a much better than expected Current Account balance which increased from -11.3B last quarter to -7.4B, some 2.2B better than anticipated. This announcement coincided with the release of CBI Realised Sales which also came in higher than expected and was welcome news as consumer spending has been a topic for conversation of late. Cable rallied from 1.5790 to gain more than a cent on the back of this information reaching 7 week highs around 1.5890. However the optimism was short-lived as MPC member Adam Posen spoke a little later about the need for further quantative easing , dubbed QE II, in order to support the faltering UK economic recovery. The overall dovish tone of his address was not overlooked by the markets, sending Cable plummeting from fresh highs to only find support at 1.5720. The Pound also lost considerable ground against the Euro falling from 1.1770 to 1.1636 currently, and also against the Aussie and Kiwi, opening at 1.6330 and 2.1365 respectively. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6250 to 1.6400</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar put in a brief attempt at 0.7350 during the morning in Asia however fell back off in the afternoon and entered off-shore trade around 73 cents. Positive European data loaned some support in boosting risk appetite and the Kiwi fought back to 0.7360, where it then consolidated around 0.7350 for the short-term. Also capitalising on poor US data NZD took the opportunity to reclaim some ground against the struggling Greenback, racing towards 0.7400 resistance where the threshold was briefly broken. Drifting just back below, we open this morning trading around 0.7390 with the very recent release of New Zealand's Trade Balance coming in under expectations at -437M. The markets have absorbed this information with minimal impact to the currency pair and opening levels remain unchanged. The AUD/NZD has spent the last 24hrs in range bound trade and opens this morning at 1.3080. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7225 to 0.7325 </A><BR><BR><STRONG>:: Majors:</STRONG> The Euro traded higher overnight shrugging off a decline in inflation to receive a boost instead from a better than expected survey of German consumers. Consumer Confidence in Europe's largest economy, as measured by the GfK survey for expectations in October, increased from 4.3 to 4.9 adding support to EUR/USD. It eventually broke through the psychological 1.3500 barrier during North American exchange to post an overnight high of 1.3595. The main catalyst for the move was disappointing U.S Consumer Confidence and Richmond Fed Manufacturing Index data which increases the likelihood of the Fed expanding its spending program. The recent USD weakness also saw USD/JPY retreat back below the 84 level to exchange as low as 83.70 overnight, fast approaching the level of previous currency intervention. Today's Tankan index, a leading indicator of Japanese economic health, will be closely watched as always and could provide some much needed support for USD/JPY and the countries exporters who are doing it tough at the moment. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Jul Conference Board Leading Index &amp; HIA New Home Sales <LI>NZD: Aug Trade Balance <LI>USD: Fedspeak <LI>GBP: Aug Mortgage Approvals &amp; Aug Net Lending to Individuals <LI>EUR: Sep Business Climate Indicator, Sep Economic Confidence &amp; Sep Services Confidence <LI>JPY: Q3 Manufacturing &amp; Non-Manufacturing Tankan Survey</LI></UL></DIV></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2330927088704283282?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-85482897298441231832010-09-27T19:55:00.001+13:002010-09-27T19:55:35.553+13:00<DIV><STRONG><BR><BR>:: Australian Dollar:</STRONG> Last week saw a solid performance from the Australian Dollar, gaining approximately 2.5% in value against the Greenback and closing higher yet again on Friday. Rallying from a session low of 0.9461, the week''s bullish momentum continued throughout Asian and European trade as investors remain confident in the RBAs hawkish outlook and the general state of the Australian economy. The AUD pushed back through 0.9500 where some resistance was met temporarily, but it was not to be deterred as we saw another solid rally to 0.9550 during London hours. It was comments by Fed Chairman Bernanke and the release of the US Core Durable Goods that provided the ultimate catalyst to buoy the currency pair to retest 96 cents for the second time in a week. The Aussie held up well opening this morning hovering around the 96 cent handle with the focus on Asia today likely to be BoJ Governor Shirakawa's talks with business leaders in Osaka and the direction of the USD/JPY. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9550 to 0.9650</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Fridays markets saw considerable appetite for risk and the Pound certainly benefited from this. A better than expected index for the German Ifo Business Climate supported the currency during the European morning with a steady rally from 1.5640 through 1.5700 to settle comfortably around 1.5720 mid-session. The aforementioned US Core Durable Goods release saw the Pound push higher taking out 1.5800 and closing the week at the highest levels seen since early August, just shy of 1.5830. We open this morning unchanged and with a lack of economic news today the markets will be awaiting Tuesday's Current Account data and Final GDP q/q to see if the current gains can be held onto. Still being outperformed by the Australian dollar we see Sterling open lower this morning at 1.6450, and also against the Kiwi opening at 2.1490.. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6400 to 1.6525 </A><BR><BR><STRONG>:: New Zealand Dollar:</STRONG> After falling from highs above 0.74 cents last week following disappointing GDP figures, the New Zealand Dollar attempted to recover some of these losses on Friday. Falling back on its label as a risky asset it moved from 0.7271 to test 0.7360 resistance during the European and North American sessions, though the gains remain muted as the market remains concerned about the country's economic growth. Opening marginally higher today the Kiwi has spiked early to touch 0.7370 but fallen quickly back below 0.7360. Also a quiet beginning to the week concerning economic news for the country we are likely to see risk being the main indicator for the currency. Looking across the Tasman it has been choppy trade against the Australian dollar, opening at 0.7658 however the Australian dollar does look comfortable holding onto its recent gains. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7315 to 0.7400</A> <BR><BR><STRONG>:: Majors:</STRONG> A slightly better than expected German IFO survey on the business climate provided some support for EUR/USD on Friday as it bounced from 1.3300 to finish the week on its highs near 1.3500. Comments from Fed Chairman Bernanke about the fragile state of the U.S economy sent the Greenback lower. Speaking at a conference at Princeton University about the central bank's recent actions he said they avoided "what could have been a global meltdown" by buying mortgage backed securities and treasuries which "additionally stimulate the economy". The dovish nature of the comments have many analysts predicting the Federal Reserve Bank may add additional stimulus sooner rather than later, boosting risk appetite and weakening the USD. Equity markets seemingly ignored a weaker than forecast -1.3% result on headline Durable Goods orders rallying instead on the open with the core result which excludes transportation rebounding from -2.8% to +2% in August. In other news rumours that the BoJ intervened to buy USD/JPY on Friday sent the currency pair up in late Asia on Friday jumping from 84.50 to 85.40 however the move reversed quite quickly after the central bank declined to comment. Broad based U.S dollar weakness during Friday's offshore session saw USD/JPY finish the week around 84.20 near the lows of 84.10. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No Data Expected Today <LI>NZD: No Data Expected Today <LI>USD: Aug Chicago Fed National Activity index <LI>GBP: No Data Expected Today <LI>EUR: Sep Prelim German CPI, Oct GfK Consumer Confidence &amp; Trichet Speaks <LI>JPY: Aug Trade Balance </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8548289729844123183?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-63988980117018165302010-09-24T10:46:00.000+12:002010-09-24T10:47:06.051+12:00<DIV><STRONG><BR>:: Australian Dollar:</STRONG> The Australian Dollar held onto recent gains yesterday and traded quietly throughout the Asian session, hovering between 0.9530 and 0.9574. Soon after entering off-shore trade, a decrease in risk appetite caused the AUD to break the down-side of this range and it fell below 95 cents to test lows near 0.9465. Investor sentiment continued to steer the currency pair overnight as US Unemployment Claims unexpectedly increased 12K to 465K, with a brief rally back above 0.9500 after it was announced US existing home sales increased more than expected to an annualized 4.13M. Opening today lower at 0.9485 the Aussie is likely to maintain a cautious approach as markets look to whether the upcoming US Durable Goods Orders will weigh further on risk appetite. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9450 to 0.9550</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> A quiet day was seen by most currencies yesterday with most volatility occurring during the European and North American sessions. Sterling entered the day in London unchanged at 1.5655 and despite a decrease in Mortgage approvals managed to stage a rally above 1.5730, touching levels not seen since mid-August. Unable to hold onto these gains, Cable fell back below 1.57 as a decrease in market sentiment helped boost the US Dollar and the pair is currently settling around 1.5680. Opening today stronger against the Aussie and the Kiwi, the Pound appears more supported by risk aversion rather than inherent strength. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6450 to 1.6600 </A><BR><BR><STRONG>:: New Zealand Dollar:</STRONG> It appeared as though the Kiwi would retest the 74 cent handle in early trade yesterday ahead of the all important N.Z Q2 GDP result with economists forecasting a rise in economic growth from 0.6% in Q1. The market was shocked however to learn that GDP not only fell to 0.2% but that the previous quarters number was revised down to 0.5%. The news sent the NZD/USD lower immediately falling to an intraday low of 0.7305. European markets continued the theme with the Greenback strength and Euro weakness dragging the Kiwi to an eventual low just shy of 0.7250. Despite a subsequent rally and retest of 0.7330 during North American exchange NZD/USD opens this morning at 0.7285 whilst the AUD/NZD cross rate is down from its early European peak of 1.3080 exchanging at 1.3015. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7225 to 0.7325</A> <BR><BR><STRONG>:: Majors:</STRONG> After hovering around the 1.34 handle against the Greenback in Asia yesterday the Euro fell during early offshore exchange following an unexpectedly low reading on business conditions. The Purchasing Managers Index survey, or PMI as it is known, showed a decline in both the services and manufacturing sectors across the Eurozone sparking some selling in EUR/USD which saw it retest 1.3300 overnight. In the U.S the news was mixed with weekly jobless claims rising above forecasts which continue to reinforce the likelihood of high unemployment for an extended period causing an initial weakening in the USD. The news however was balanced by a larger than forecast rise in existing home sales and an increase in the leading indicators composite index during August. This morning sees the big dollar exchanging at 1.3310 and 84.40 against the Euro and Yen respectively ahead of this evenings release of more U.S economic data in the form of August Durable Goods and New Home Sales. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No Data Expected Today <LI>NZD: No Data Expected Today <LI>USD: Aug Durable Goods &amp; Aug New Home Sales <LI>GBP: No Data Expected Today <LI>EUR: Sep German IFO &amp; Q2 French GDP <LI>JPY: No Data Expected Today </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6398898011701816530?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-89266008219428752292010-09-23T10:31:00.001+12:002010-09-23T10:31:28.426+12:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> The AUD traded solidly throughout Asia yesterday consolidating stoically above 0.9550 for most of the day. The Greenback remained under pressure during the European session as the Bank of England joined the FOMC in the view further stimulus measures may be required and this aided the Australian dollar to test new resistance just below 96 cents. These levels were seen only briefly as it was announced U.S house prices dropped 0.5% from June (3.3% YoY), and AUD/USD quickly retraced all Asian gains to test support levels near 0.9510. Bouncing back, we start the day trading once again around 0.9550 and with no local data due for release we may be looking at a familiar range today. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9525 to 0.9595</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound benefited from an increase in risk appetite on Wednesday, rallying steadily towards 1.57 and entering London on a 3-day high. Following the release of the BOE's minutes, Sterling took a hit and tumbled to 1.5604, and after some choppy trade recovered to hold around 1.5650. With Andrew Sentance remaining the one lone hawk amongst a much more cautious Monetary Policy Committee, the currency is likely to remain weighed down against its major counterparts. The Pound begins the Asian session lower against the antipodean currencies, trading against the Aussie at 1.6380 and the Kiwi at 2.1210. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6350 to 1.6400 <BR></A><BR><STRONG>:: New Zealand Dollar:</STRONG> After several failed attempts the Kiwi finally took out stubborn resistance at 0.7350 to momentarily exchange above the 74 cent handle for the first time since January this year. Global investors ignored a turnaround in the Current Account balance during the second quarter of the year which moved from a surplus into deficit focusing instead on news in Europe and the U.S. This morning sees the NZD/USD open at 0.7385 ahead of the release of Q2 GDP data with economic growth in N.Z expected to have increased from 0.6% to 0.8%. Despite the increase analysts are somewhat less optimistic for third quarter growth so should a rally result from higher than expected numbers today the move is likely to be short lived during the Asian session. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7350 to 0.7400 </A><BR><BR><STRONG>:: Majors:</STRONG> The recent rally in the Euro continued overnight pushing through August 6 highs of 1.3330 against the Greenback to trade above the 1.34 handle for the first time since April. Hot on the heels of the successful Irish bond auction the previous day demand for Portuguese bonds was 3.5 times oversubscribed as investors scrambled to purchase some of the 750 million EUR on offer at a yield of 4.7%. With the big dollar already on the back foot a 0.5% decline in the July House Price index kept a lid on any attempts at a recovery against the Euro and Yen. USD/JPY gave back the majority of the gains that followed Japanese currency intervention dropping back below 85 to an eventual overnight low around 84.25. Trading in Asia today is likely to be relatively subdued with both China and Japan having bank holidays before this evenings U.S weekly jobless claims which will give investors some further guidance as to the state of the North American employment market. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No data today <LI>CAD: No data today <LI>EUR: Euro Zone &amp; German PMI, Sept <LI>GBP: BBA Loans for house purchase, Aug <LI>JPY: No data today <LI>NZD: GDP Q2 <LI>USD: Initial jobless claims, Sept 18; Existing Home Sales, Aug </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8926600821942875229?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-40374181632811396842010-09-22T16:48:00.000+12:002010-09-22T16:49:00.718+12:00<DIV><STRONG><BR>:: Australian Dollar:</STRONG> The Australian Dollar traded in a narrow range during Asia yesterday unaffected by the release of the RBA's minutes and entered London around what is becoming a familiar 0.9450 handle. Quiet trading continued throughout Europe as investors awaited the much anticipated Interest Rate announcement and accompanying FOMC Statement. Leaving interest rates on hold at 0.25% as expected, the US Federal Reserve recognised the sluggish economic recovery and indicated its willingness to increase quantative easing measures in order to keep long term interest rates under control, gradually return inflation to desired levels and support the job market. Along with an unexpected rise in US Housing Starts, Bernanke's comments kept investors happy and the AUD jumped 1 cent to a new high slightly above 0.9550. Consolidating around 0.9535 we look to a quiet day ahead on the news front with just the Melbourne Institute's Leading Index Data being released this morning. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9485 to 0.9585 </A><BR><BR><STRONG>:: Great Britain Pound:</STRONG> A massive rise in U.K Public Sector Net Borrowing from 2 billion to 15.3 billion pounds saw GBP/USD initially fall from 1.5580 to test the 1.5500 level with support holding firm throughout the European session. The Pound came to life however during North American exchange rallying towards 1.5650 following the FOMC meeting and broad based USD weakness. This morning sees the GBP trading at 1.5605 and 1.6365 against the USD and AUD ahead of the release of the Bank of England Minutes this evening. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6320 to 1.6450</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The Kiwi remained range bound in Asia yesterday bouncing between 0.7270 and 0.7290 for the majority of the trading day. The theme continued throughout the European session before jumping through resistance around the 73 cent handle to test the critical 0.7350 level on two occasions. The catalyst for the move higher was news that the U.S Federal Reserve Bank stands at the ready to expand QE in order to halt job losses and spur economic growth in the region. This morning sees the NZD/USD trading at around 0.7325 ahead of the release of second quarter N.Z Current Account data which is expected to show a turnaround from a surplus to a deficit. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7275 to 0.7350</A> <BR><BR><STRONG>:: Majors:</STRONG> European investors breathed a sigh of relief overnight with the Irish bond auction five times oversubscribed at a slightly lower yield of 6.4%. There was some concern that the government would struggle to get the necessary refinancing however with demand strong the Euro firmed from 1.3060 to hover around 1.3130 for the majority of the European session. The big news overnight was the conclusion of the U.S Federal Reserve Bank meeting with the central bank using strong rhetoric in its accompanying statement. In particular the Fed said it was "prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate". A clear signal that it is ready to increase QE and that spurring high inflation as a consequence is not a concern. The news overshadowed U.S Housing data with the Greenback weakening immediately after the release falling to 1.3275 versus the Euro, its highest level since the 9th of August approaching important technical resistance at 1.3325. USD/JPY lost ground as well momentarily dipping back below the 85 handle to open this morning at 85.13 whilst EUR/USD opens at 1.3255. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Jul Leading Index <LI>NZD: Q2 Current Account <LI>USD: Jul House Price Index <LI>GBP: BoE Minutes <LI>EUR: Jul Industrial New Orders <LI>JPY: Jul All Industry Activity Index &amp; BoJ Speak </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4037418163281139684?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-66564222410193016812010-09-21T10:12:00.000+12:002010-09-21T10:13:16.005+12:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> The Aussie dollar held on to support around 0.9350 in Asia on Friday staging a rally during the afternoon session which saw it enter early London almost a cent higher near 0.9450. A report in a Chinese news paper, the Securities Daily pointing towards interest rate increases in order to curb rising domestic inflationary pressures spurred the rally. After momentarily exchanging above 0.9450 in European trade the AUD/USD subsequently lost ground following some less than inspiring U.S economic data to end the week back at 0.9375. Today the Aussie dollar is likely to take direction from comments by RBA governor Stevens who is talking on Monetary Policy at a luncheon in Shepparton Victoria. The comments will be closely scrutinised ahead of tomorrow's release of the central bank's board minutes which should provide some information as to the timeliness of the next Australian interest rate rise. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9420 to 0.9500</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound Sterling failed to hold on to early offshore gains shedding 150 points from its high of 1.5685 to trade at a low of 1.5535 overnight. Concerns about Ireland, Portugal and Greece ability to finance its debt obligations this week weighed on sentiment towards the Euro-zone taking the GBP/USD down with it. Adding to the selling was a drop in preliminary U.K Mortgage approvals as measured by the BoE comprised of data which showed a decline in new loan approvals from 47k to 45k. This morning sees the Pound open at 1.5550 and 1.6415 against the U.S and Australian dollars respectively. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6375 to 1.6475</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The Kiwi rallied from 0.7250 in Asia yesterday to enter offshore pressing against the 73 cent level. Slightly better than expected second tier data out of N.Z helped however it was news across the Tasman that spurred the majority of the demand. The governor of the Australian central bank signalled an increased likelihood of another interest rate increase sighting heightened inflationary pressures as a concern. The comments increased demand for both the AUD and NZD against the USD with offshore markets eventually taking NZD/USD to a high of 0.7320 before settling around the 73 cent handle on the open. With the Aussie dollar continuing to rally the AUD/NZD cross rate touched 1.3 overnight for the first time since April with today's release of the RBA board minutes likely to add further support on the cross. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7250 to 0.7325</A> <BR><BR><STRONG>:: Majors:</STRONG> The Euro rallied against the Greenback to exchange back above the 1.3100 handle during early European on the back some renewed optimism that a European sovereign default would be avoided. With concern over the weekend about the state of Ireland's finances comments from European Union economic and monetary commissioner Olli Rehn overnight that he was confident officials will "repair" the nation's financial system were positively received initially boosting the Euro. Investors took profit however and sold EUR/USD back down as yield spreads on bond markets widened to record levels ahead of this week's Irish, Greek and Portuguese debt auctions. Critical technical support ahead of 1.3020 held once again and the EUR/USD opens in Asia this morning at 1.3065 with all eyes now on this evenings U.S Federal Reserve Bank meeting. The Fed is expected to make no changes to policy and reiterate that high unemployment and low inflation warrant low interest rates for an "extended period". The market will however be anticipating any comments that may shed some more light on further QE measures and the possible timing of such moves. USD/JPY remains range bound seemingly comfortable bouncing between 85.25 and 85.95 for the time being however a break seems imminent and this evenings announcement could just the catalyst for another move higher. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: RBA Board Minutes <LI>NZD: Aug Credit Card Spending <LI>USD: FOMC Meeting, Aug Building Permits and Aug Housing Starts <LI>GBP: Aug Public Sector Net Borrowing <LI>EUR: No data expected today <LI>JPY: Jul Leading Index </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6656422241019301681?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-56912631563941023082010-09-17T18:45:00.000+12:002010-09-17T18:50:24.624+12:00<div><br><br><strong>:: Australian Dollar:</strong> In the absence of any major economic data yesterday, the Australian Dollar spent most of the domestic session trading the range between 0.9350 and US94 cents. The Melbourne Institute survey of consumer inflationary expectations rose to 3.1 per cent in September from 2.8 per cent in August as labour market conditions continue to show signs of improvement. It was more of the same offshore with the Aussie hitting a high of 0.9390 on the back of stronger base metals prices. Gold is trading at another record high above US$1,274/ounce. <br><br>- We expect a range today in the <a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9330 to 0.9410</a> <br><br><strong>:: Great Britain Pound:</strong> Pound Sterling opens little-changed against the greenback at 1.5617 and remains under pressure after UK retail sales unexpectedly fell last month. Sales in August fell 0.5 per cent from July heightening concerns that economic growth is slowing. The pound hit an overnight low of 1.5537 and plunged to a seven-week low against the Euro (0.8370). Also weighing on the currency last night was a separate report showing UK factory orders declined in September for the first time in five months. Meanwhile, the pound is steady against the Australian Dollar (1.6660) and stronger against the kiwi (2.1570). <br><br>- We expect a range today in the <a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6600 to 1.6685</a> <br><br><strong>:: New Zealand Dollar:</strong> The New Zealand Dollar opens lower at 0.7230 after yesterday's decision by the Reserve Bank of New Zealand (RBNZ) to leave interest rates on hold at 3 per cent. RBNZ governor Mr Alan Bollard noted that the path for future rate hikes would be "more moderate" than was projected in recent statements. The kiwi worked its way lower throughout the domestic session as the market now expects rates to remain on hold for the next several months. During the offshore session the unit moved between a high of 0.7255 down to a low of 0.7215. The kiwi is also being outperformed by the Australian Dollar and opens this morning at 0.7720. <br><br>- We expect a range today in the <a href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7210 to 0.7255</a> <br><br><strong>:: Majors:</strong> The US Dollar had a mixed session overnight after weaker-than-expected manufacturing data in the Philadelphia region. The Federal Reserve Bank of Philadelphia's general economic index came in at minus 0.7 for September causing the greenback to weaken against several currencies. The Euro hit a five-week high above 1.3100 after a successful Spanish bond auction of up to 4 billion Euro in 10 – 30 year securities. Whilst it is early days, markets have been hesitant to test the resolve of the Bank of Japan after Wednesday's intervention into currency markets for the first time in 6 years. The greenback opens today at 85.70 and remains sharply higher compared to the 15-year lows beneath 83.00 earlier in the week. Japanese Prime Minister Naoto Kan said yesterday that his government is ready to take "decisive measures". <br><br><strong>:: Data Releases</strong>: <ul> <li>AUD: No data today </li><li>CAD: No data today </li><li>EUR: Euro Zone, Producer Prices, August </li><li>GBP: No data today </li><li>JPY: No data today </li><li>NZD: No data today </li><li>USD: Uni of Michigan confidence, September</li></ul></div><br> <div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5691263156394102308?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-48370894342514947872010-09-17T10:01:00.000+12:002010-09-17T18:43:34.477+12:00<DIV><BR><BR><STRONG>:: Australian Dollar:</STRONG> In the absence of any major economic data yesterday, the Australian Dollar spent most of the domestic session trading the range between 0.9350 and US94 cents. The Melbourne Institute survey of consumer inflationary expectations rose to 3.1 per cent in September from 2.8 per cent in August as labour market conditions continue to show signs of improvement. It was more of the same offshore with the Aussie hitting a high of 0.9390 on the back of stronger base metals prices. Gold is trading at another record high above US$1,274/ounce. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9330 to 0.9410</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens little-changed against the greenback at 1.5617 and remains under pressure after UK retail sales unexpectedly fell last month. Sales in August fell 0.5 per cent from July heightening concerns that economic growth is slowing. The pound hit an overnight low of 1.5537 and plunged to a seven-week low against the Euro (0.8370). Also weighing on the currency last night was a separate report showing UK factory orders declined in September for the first time in five months. Meanwhile, the pound is steady against the Australian Dollar (1.6660) and stronger against the kiwi (2.1570). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6600 to 1.6685</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar opens lower at 0.7230 after yesterday's decision by the Reserve Bank of New Zealand (RBNZ) to leave interest rates on hold at 3 per cent. RBNZ governor Mr Alan Bollard noted that the path for future rate hikes would be "more moderate" than was projected in recent statements. The kiwi worked its way lower throughout the domestic session as the market now expects rates to remain on hold for the next several months. During the offshore session the unit moved between a high of 0.7255 down to a low of 0.7215. The kiwi is also being outperformed by the Australian Dollar and opens this morning at 0.7720. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7210 to 0.7255</A> <BR><BR><STRONG>:: Majors:</STRONG> The US Dollar had a mixed session overnight after weaker-than-expected manufacturing data in the Philadelphia region. The Federal Reserve Bank of Philadelphia's general economic index came in at minus 0.7 for September causing the greenback to weaken against several currencies. The Euro hit a five-week high above 1.3100 after a successful Spanish bond auction of up to 4 billion Euro in 10 – 30 year securities. Whilst it is early days, markets have been hesitant to test the resolve of the Bank of Japan after Wednesday's intervention into currency markets for the first time in 6 years. The greenback opens today at 85.70 and remains sharply higher compared to the 15-year lows beneath 83.00 earlier in the week. Japanese Prime Minister Naoto Kan said yesterday that his government is ready to take "decisive measures". <BR><BR><STRONG>:: Data Releases</STRONG>: <UL> <LI>AUD: No data today <LI>CAD: No data today <LI>EUR: Euro Zone, Producer Prices, August <LI>GBP: No data today <LI>JPY: No data today <LI>NZD: No data today <LI>USD: Uni of Michigan confidence, September</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4837089434251494787?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-57474548512908199342010-09-16T09:54:00.001+12:002010-09-16T09:54:35.059+12:00<DIV><BR><STRONG>:: Australian Dollar:</STRONG> The Australian Dollar opens marginally lower today against the greenback at 0.9370. The Aussie slipped back towards 0.9350 during yesterday''s local session after the Westpac/Melbourne Institute consumer sentiment index fell 5 points to 113.2 in September after two months of solid gains. During overnight trade, the unit moved between a low of 0.9350 up to a high of 0.9420 as the greenback weakened against several major currencies. Meanwhile, the Aussie is up sharply against the Japanese Yen at 80.40 after the Bank of Japan intervened for the first time in six years to curtail the strength of their currency which has recently traded at 15 year highs against the US Dollar. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9350 to 0.9425</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens higher today at 1.5619 as softer-than-expected economic data in the United States pushed the greenback lower against several currencies. The pound hit an overnight low of 1.5448 after UK claims for unemployment benefits rose by 2,300 as the economy braces itself for a series of austerity measures to reduce the budget deficit. Speaking in front of the Trade Union Congress, Bank of England Governor , Mervyn King said the deficit-cutting plan was a "key part" of rebalancing the economy. Meanwhile, the pound is also higher against both the Australian Dollar (1.6650) and the New Zealand Dollar (2.1340). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6600 to 1.6675 </A><BR><BR><STRONG>:: New Zealand Dollar:</STRONG> As expected, the Reserve Bank of New Zealand (RBNZ) has left interest rates on hold at 3 per cent. The kiwi is currently trading at 0.7280 against the greenback having initially moved down half-a-cent immediately following the announcement. In the accompanying statement, RBNZ governor Mr Alan Bollard noted that the path for future rate hikes would be "more moderate" than previous forecasts. Meanwhile, the kiwi is up sharply against the Japanese Yen at 62.41 after the Bank of Japan intervened to curtail the strength of their currency which has recently traded at 15 year highs against the US Dollar. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7240 to 0.7300</A> <BR><BR><STRONG>:: Majors:</STRONG> After much rumour and speculation, the Bank of Japan intervened in currency markets for the first time since 2004 to curtail the strong Yen which is threatening an export-led recovery. The Yen tumbled from 15-year highs versus the greenback (82.88) to this morning's opening level of 85.67 – its biggest one-day slide in almost two years. Speculation is rife that continued intervention will occur on Thursday. Meanwhile, the big dollar has weakened against several currencies after US economic data released overnight was softer than expected. Industrial output rose just 0.2 per cent in August compared to a downwardly-revised 0.6 per cent reading in July. The euro opens largely unchanged today at 1.3011. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No data today <LI>CAD: No data today <LI>EUR: Euro Zone, Trade Balance, July <LI>GBP: Retail Sales, Aug <LI>JPY: No data today <LI>NZD: RBNZ Rate Decision <LI>USD: Initial jobless claims (w/e Sept 11); Producer Price Index, Aug </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5747454851290819934?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-61299367762664984132010-09-15T09:50:00.000+12:002010-09-15T09:51:05.518+12:00<DIV><STRONG><BR>:: Australian Dollar:</STRONG> Speculation the U.S. Federal Reserve will purchase up US$1 trillion in government bonds to aid the economic recovery has weakened the greenback across the board pushing the Australian Dollar to a two-year high near 0.9450 during brisk overnight trade. Profit-takers have since emerged and the local unit opens beneath US94 cents this morning at 0.9390. During yesterday's domestic session the unit drifted back towards US93 cents even as data showed that business sentiment surged in August as global markets calmed. The NAB''s business confidence index rose to a four-month high of 11 from 2 in July. Although down a shade, the Aussie remains strong against the Euro (0.7220) and the British Pound (0.6040) <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9350 to 0.9425</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling (1.5539) opens higher today after U.K. consumer prices rose 3.1 per cent in August. Inflation has exceeded the British government's 3 per cent limit for a second consecutive month on the back of higher food prices. Sterling hit an overnight high of 1.5586 as the greenback weakened across the board amid speculation the U.S. Federal Reserve will purchase up US$1 trillion in government bonds to aid the economic recovery. Meanwhile, the pound is marginally higher against both the Australian Dollar (1.6540) and the New Zealand Dollar (2.1160). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6500 to 1.6550</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar opens little-changed today against the greenback at 0.7335 as local economic data released yesterday weighed on the currency. Retail sales in July dipped 0.4 per cent compared to a 1 per cent rise the previous month. The kiwi fell sharply on the news from 0.7340 straight down to 0.7285. However, the unit rallied in offshore trade up to 0.7390 as the greenback weakened across the board amid speculation the U.S. Federal Reserve will purchase up US$1 trillion in government bonds to aid the economic recovery. The kiwi opens weaker against the Australian Dollar at 0.7790. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7300 to 0.7360</A> <BR><BR><STRONG>:: Majors:</STRONG> The Greenback is weaker across the board on speculation the U.S. Federal Reserve will increase its quantitative easing program later in the year and buy additional Treasury securities (i.e. print more money) to aid the economic recovery. The U.S. Dollar tumbled to fresh 15-year lows against the Japanese Yen at 82.93 during the offshore session after Japanese Prime Minister Naoto Kan retained the leadership. USD/JPY opens this morning at 83.00. Meanwhile, the Euro rallied above 1.3000 for the first time in over a month as traders shunned the greenback. The 16-nation currency was lower earlier in the session as German investor confidence fell to minus 4.3 in September from +14 in August, the lowest reading since February 2009. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Dwelling Starts, Q2 <LI>CAD: No data today <LI>EUR: Euro Zone, CPI, Aug <LI>GBP: Jobless Claims, Aug <LI>JPY: No data today <LI>NZD: No data today <LI>USD: Industrial Production, Aug</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6129936776266498413?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-48414704218392972382010-09-14T10:02:00.001+12:002010-09-14T10:02:58.973+12:00<DIV><STRONG><BR><BR>:: Australian Dollar:</STRONG> The Australian Dollar has more momentum than the Canberra Raiders holding onto its recent gains above US93 cents during local trade on Monday. It opens at 0.9350 today. Investors were keen to buy any dips in the unit and headed into the European session around 0.9320 - a fresh four-month high. Better than expected local and Chinese economic data releases in recent days have helped underpin the currency. During the offshore session the Aussie moved between a low of 0.9320 up to a high of 0.9361. The Aussie also remains strong against the Euro (0.7260) and the British Pound (0.6060). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9320 to 0.9380</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens marginally higher against the greenback at 1.5420. Despite a renewed wave of positive risk sentiment and a weaker big dollar, the pound is being hamstrung by low domestic interest rates and forthcoming fiscal austerity measures dimming growth prospects. In the absence of any economic data releases overnight, the pound traded between 1.5349 and 1.5488. Meanwhile, the pound remains weak against both the Australian Dollar (1.6480) and the New Zealand Dollar (2.1010). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6440 to 1.6515</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar opens higher against the greenback at 0.7335. The kiwi hit a fresh one-month peak during local trade yesterday above 0.7340 and is being supported by strong commodity prices and renewed risk sentiment amongst investors. Overnight, the kiwi moved between 0.7300 and 0.7344. Further gains are expected to be limited over the next couple of sessions in the lead-up to Thursday''s monetary policy statement by the Reserve Bank of New Zealand. Most economists expect interest rates to remain on hold at 3 per cent. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7300 to 0.7360 <BR></A><BR><STRONG>:: Majors:</STRONG> The Euro (1.2878) rose sharply against the dollar overnight after European banking regulators gave financial institutions more time than analysts expected to meet capital requirements. In overnight trade, the Euro moved from a low of 1.2702 to a high of 1.2891 – its biggest one-day rise in two months. The 16-nation currency was also aided after the European Commission said the region's economy may exceed previous growth forecasts. Meanwhile, the Japanese Yen (83.67) weakened as stronger than expected industrial production data from China on the weekend added to signs the global economy is gaining momentum, reducing safe haven demand. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: NAB Business Confidence, August <LI>CAD: No data today <LI>EUR: French CPI, August <LI>GBP: CPI, August <LI>JPY: Industrial Production, July <LI>NZD: Retail Sales, July <LI>USD: Advance Retail Sales, August</LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4841470421839297238?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-79158331677521673552010-09-13T09:45:00.001+12:002010-09-13T09:45:28.117+12:00<DIV><STRONG><BR>:: Australian Dollar:</STRONG> The Australian Dollar has hung onto its recent gains and opens the new week at 0.9290. A recent string of positive local economic data has all but confirmed to the market that the Reserve Bank of Australia's next move in rates will be up. The unit held above US92 cents in offshore trade and this is another positive sign for the currency. The local economic calendar is fairly light this week and wider ranges are likely to occur offshore. Meanwhile, the Aussie is very strong against the Euro (0.7295) and British pound (0.6040). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">AUD/USD rate of 0.9275 to 0.9340 </A><BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens the new week lower against the greenback at 1.5360 despite a boost in risk appetite in recent days. Data released on Friday night revealed that UK producer prices for August came in on expectation at 4.6 per cent for the month of August but this did little to inspire any positive pound movement. The currency tested support at 1.5300 several times last week and lower levels are looming. The pound is also sharply lower against both the Australian Dollar (1.6500) and the New Zealand Dollar (2.0990). <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">GBP/AUD rate of 1.6440 to 1.6535</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The New Zealand Dollar hit a one-month high during European trade on Friday night at US73 cents as concerns for the state of the U.S. economy eased last week and the greenback moved lower. Attention this week turns to the Reserve Bank of New Zealands (RBNZ) monetary policy statement on Thursday. Given the uncertain economic conditions prevailing at present, the RBNZ is likely to keep rates on hold at 3 per cent. The kiwi opens at 0.7290 against the greenback and 0.7856 against the Australian Dollar. <BR><BR>- We expect a range today in the <A href="http://www.dukascopy.com/ibentry.php?ibref=1340&amp;url=/swiss/english/forex/jforex/">NZD/USD rate of 0.7280 to 0.7345</A> <BR><BR><STRONG>:: Majors</STRONG>: The big dollar hit a one-week high of 84.37 against the Yen on Friday after Japanese gross domestic product grew at an annualised pace of 1.5 per cent. Central bank officials in Japan are continuing to monitor the strength of their currency which has rallied more than 10 per cent against the greenback this year putting pressure on the nations export performance. Meanwhile, the Euro (1.2710) opens largely unchanged against the greenback. The 16-nation currency has retreated in recent days after reports resurfaced regarding the regions sovereign debt crisis. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No data today <LI>CAD: No data today <LI>EUR: Euro Zone Industrial Production, August <LI>GBP: RICS House Price Balance, Aug <LI>JPY: No data today <LI>NZD: Food Prices, August <LI>USD: Monthly Budget Statement, Aug </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7915833167752167355?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-26987761041779908652010-09-10T10:14:00.001+12:002010-09-10T10:14:24.374+12:00<DIV><STRONG><BR>:: Australian Dollar:</STRONG> Australia's Unemployment Rate (and general state of the economy) continues to be the envy of the western world as indicated by yesterday's release by the Australian Bureau of Statistics of official employment data for August. The figure indicated a drop in the unemployment rate by 0.2%, with the number for August coming in at 5.1% compared with the previous months reading of 5.3%. Both the full time and part time component of the release indicated a strong surge in the jobs and puts a strong case forward for a potential interest rate hike by the RBA before year end. On release of the data the local unit surged from 0.9180 smashing through the 92 cents level onto an eventual local high of 0.9238. During the offshore session the momentum continued with the Aussie briefly touching a four-month peak at 0.9276 after stronger than expected economic data releases in the United States. The unit opens at 0.9228 this morning. <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9200 to 0.9280</A> <BR><BR><STRONG>:: Great Britain Pound:</STRONG> Pound Sterling opens lower today against the greenback at 1.5426 after the Bank of England left its benchmark interest rate unchanged at a record low of 0.5 per cent and its quantitative easing program at GBP200bio. Sterling moved to an overnight low of 1.5375 after the UK's trade deficit widened to GBP8.7bio in July compared to GBP7.5bio in June. Exports slipped to GBP22.3 billion. Meanwhile, the pound continues to be outperformed by both the Australian Dollar (1.6700) and the New Zealand Dollar (2.1280). <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6660 to 1.6720</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> Yesterday's release of the NZ Manufacturing Sales Index (a gauge of total value of sales in manufacturing) was Kiwi positive during the Asian yesterday and saw the dollar continue its recent upward trend against the Greenback. The report came in at 3.1% quarter on quarter, up 1.7% from its previous reading of 1.4%, resulting in the NZ Dollar hitting a local high of 0.7256. During the European and US sessions, the momentum continued with New Zealand Dollar hitting a high of 0.7287. Next Tuesday's all important Retail Sales number and Thursdays Reserve Bank of New Zealand's interest rate decision hold the key to NZ Dollar direction in the next week with positive outcomes potentially pushing NZDUSD through the crucial 0.73 cents level. <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7210 to 0.7290 </A><BR><BR><STRONG>:: Majors:</STRONG> Stronger-than-expected U.S. economic data could not prevent the greenback slipping towards 15-year lows against the Japanese Yen yesterday (83.48). The U.S. trade deficit narrowed 14 per cent in July to US$42.8 billion whilst weekly jobless claims fell by 27,000 to 451,000. The unemployment insurance claims data was the lowest in two months, easing concerns in the market that the world's largest economy will slip into a double-dip recession. Meanwhile, risk appetite towards the Euro was tempered somewhat as news emerged that Germany's biggest bank, Deutsche Bank AG, is looking at increasing its stake in Deutsche Postbank to help it meet rising regulatory capital requirements. The 16-nation currency opens lower today at 1.2690. <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: No data today <LI>CAD: Employment, August <LI>EUR: French Industrial Production, July <LI>GBP: Producer Prices, August <LI>JPY: GDP, Q2 <LI>NZD: Terms of Trade, Q2 <LI>USD: No data today </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-2698776104177990865?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-74239865395798642022010-09-10T00:29:00.001+12:002010-09-10T00:29:33.490+12:00<DIV><BR><BR><STRONG>:: Australian Dollar:</STRONG> The Aussie dollar held firm in Asia yesterday despite a negative lead from offshore markets during the previous sessions trading between 0.9100 and 0.9130 for the majority of the day. Reinforcing the strength of the Australian economy was the release of Home Loan data which showed a healthy 1.7% increase in the value of loans during the month of July, above forecasts for a 1.1% rise. During the offshore session overnight the AUD/USD rallied back towards the 92 cent mark with demand coming from a recovery in equity markets and risk sentiment. The local unit opens this morning at 0.9185 ahead of the much anticipated employment report with the official headline rate expected to decline from 5.3% to 5.2%, underpinning the phenomenal performance of the domestic economy. Should the numbers come in above expectations then one would expect the AUD/USD to retest and possibly break through the stubborn 0.9220 resistance level. <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9135 to 0.9235 </A><BR><BR><STRONG>:: Great Britain Pound:</STRONG> The Pound Sterling popped higher in early London exchange yesterday rallying from 1.5380 to an eventual high around 1.5525 against the Greenback. Industrial Production data out of the UK rebounded strongly from the -0.5% June reading posting a solid +0.3% result in July boosting confidence in the economic recovery. This morning sees the GBP exchanging at 1.5475 and 1.6840 against the U.S and Australian dollars respectively with more volatility on the GBP/AUD cross expected in Asia today with the release of local employment figures. This evenings Bank of England meeting will be keenly anticipated with rates expected to remain on hold but the accompanying rhetoric, particularly surrounding the Asset Purchase Target plan, to have an impact on the currency. <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6750 to 1.6900</A> <BR><BR><STRONG>:: New Zealand Dollar:</STRONG> The Kiwi bounced back from an Asian sell off towards 0.7150 yesterday to enter offshore exchange threatening to break above 72 cents. Resistance eventually gave way with the NZD/USD opening this morning near the overnight highs at 0.7230. Improved risk appetite seemed to be the key behind the move with the release of a slightly better than expected U.S Federal Reserve Beige book report that highlighted a slightly more resilient economy than thought. This morning sees the release of the June quarter economic survey of Manufacturing with all eyes on the key 0.7250 level where sellers appear to be lining up. <BR><BR>- We expect a range today in the <A href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7185 to 0.7275 </A><BR><BR><STRONG>:: Majors:</STRONG> Despite continued negative sentiment surrounding European sovereign debt and a lower than expected reading for German Industrial Production EUR/USD bounced back from its early offshore lows near 1.2650 to open this morning at 1.2720. The release of the U.S Federal Reserve Beige book which documents anecdotal evidence from the 12 district banking regions indicated that two of them pointed to "positive developments or net improvements" with five signalling economic growth at a "moderate pace". Whilst the report did not signal a strong economy it was somewhat of a confidence boost for the markets providing a small boost to equities and risk appetite in general. After making new lows once again in Asia yesterday USD/JPY bounced back from 83.40 to post a high near the 84 level following the report and opens this morning at 83.90. In other news the Bank of Canada raised interest rates for the third consecutive month by 0.25% to 1% overnight sending USD/CAD down from 1.0500 to a low 1.0345 in quick fashion. It does however appear as though rates will remain on hold for the foreseeable future with the accompanying statement saying that "Any further reduction in monetary stimulus would need to be carefully considered in light of the unusual uncertainty surrounding the outlook." <BR><BR><STRONG>:: Data Releases:</STRONG> <UL> <LI>AUD: Aug Employment Data <LI>NZD: Q2 Manufacturing Activity <LI>USD: Jul Trade Balance &amp; Weekly Jobless Claims <LI>GBP: Jul Trade Balance &amp; BoE Meeting <LI>EUR: German Aug CPI Revision &amp; ECM Monthly Bulletin <LI>JPY: Q2 Capital Spending &amp; Aug Consumer Confidence </LI></UL></DIV><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-7423986539579864202?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-90396702318664430012010-09-08T23:11:00.001+12:002010-09-08T23:11:59.914+12:00<b><br></b><br><b>:: Australian Dollar</b>: It was a volatile intraday session for the Aussie in Asia yesterday as investors eyed resolution to the political stalemate in addition to the Australian and Japanese central bank meetings. After opening near its highs at 0.9170 the AUD/USD traded between 0.9135 and 0.9170 until the conclusion of the BoJ meeting with a dovish assessment from the central bank increasing risk aversion dragging the local unit down slightly from 0.9170 to 0.9140 . The RBA statement carried little in the way of new information but on the whole was upbeat about the local economy however this was offset by investor's negative reaction to a Labor victory with the government almost immediately pledging its allegiance to the controversial mining tax. Offshore investors continued to take risk off the table with demand for the Greenback and Yen intensifying as North American equity markets fell and the Aussie dollar opens this morning near its overnight lows around the 91 cent level. <br><br>- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9060 to 0.9150</a> <br><br><b>:: Great Britain Pound:</b> The Pound Sterling traded in a narrow range during yesterday's local session forming intraday support at 1.5350 against the Greenback. This level gave way in European trade however following a disappointing German manufacturing report which cast doubts over growth prospects for Europe's largest economy. The negative sentiment boosted demand for the U.S dollar which saw GBP/USD briefly dip below the 1.5300 handle. A 2.8% increase in consumer spending as measured by the BRC Retail Sales Monitor added some support however and the GBP recovered somewhat to open this morning at 1.5355 USD. The GBP/AUD cross rate also found some much needed support around 1.6750 overnight thanks mainly to a slightly lower Aussie dollar opening this morning at 1.6870. <br><br>- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6800 to 1.6920</a> <br><br><b>:: New Zealand Dollar</b>: With no N.Z economic data for direction the Kiwi washed around the 72 cent handle against the Greenback in Asia yesterday with any attempts at a rally capped by negative risk sentiment. A dovish outlook by the Bank of Japan coupled with some concerns around Germany overnight sees the NZD/USD open marginally lower at 0.7180 this morning ahead of today's N.Z Q2 Manufacturing Activity report. The AUD/NZD cross rate bounced back from a dip to 1.2610 to open at 1.2665 with resistance above 1.2700 likely to cap any advances in Asia today. <br><br>- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7150 to 0.7225 </a><br><br><b>:: Majors:</b> As expected the Bank of Japan kept rates on hold at 0.1% yesterday and in a dovish view for the outlook said "Against the backdrop of increased uncertainty about the future, especially for the U.S. economy, and associated instability in the foreign exchange and stock markets, attention should be paid to downside risks to Japan's economy". The news saw an increase in risk aversion and the Yen actually strengthen more as USD/JPY fell from 84.10 to an eventual offshore low around 83.50. The Euro also declined overnight, falling below 1.2800 against the Greenback in early offshore exchange following a woeful report on German manufacturing report. Factory orders for Europe's largest economy were expected to have slowed from 3.6% in June to around 0.5% in July however the -2.2% result was well below economist forecasts. It is a worrying sign given Germany's somewhat resilient economy that has been a shining light for the rest of Europe and as such EUR/USD was sold off to open this morning on its lows at 1.2680. U.S investors returned from the long weekend in a bearish mood following the news out of Asia with the "relief rally" that followed Friday's employment report running out of steam with equity markets in the region shedding around 1% on the day. <br><br><b>:: Data Releases</b>: <ul> <li>AUD: Jul Home Loans </li><li>NZD: Q2 Manufacturing Activity </li><li>USD: Sep Beige Book &amp; Jul Consumer Credit </li><li>GBP: Jul Industrial Production &amp; Jul Manufacturing Production &amp; Sep NIESR GDP estimate </li><li>EUR: Jul German Trade Balance </li><li>JPY: Jul Trade Balance, Jul Machine Orders &amp; BoJ Monthly Report  </li></ul><br> <div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-9039670231866443001?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-53916419024790036312010-09-07T10:33:00.000+12:002010-09-07T10:33:19.745+12:00Tuesday, 7 September 2010 - Market Commentary<br /><br /><strong>:: Australian Dollar:</strong> The Aussie dollar traded sideways since the commencement of the week’s trade bouncing between 0.9145 and 0.9175 for the majority of Monday’s Asian session and last night’s offshore trade. A weaker Euro halted any attempts to retest the 92 cent handle in London exchange overnight sending the AUD to 0.9150, and with the U.S markets closed for the Labour Day holiday the AUD/USD opens this morning relatively unchanged at 0.9170. Today the market is anticipating the conclusion of the Reserve Bank of Australia meeting where interest rates are expected to remain unchanged at 4.5%. However the accompanying media release is expected to contain a hawkish assessment of the domestic economy and a cautious outlook for the U.S which should add some support to the local unit. This could provide enough momentum for the Aussie dollar to have a tilt at 92 cents with the critical 0.9220 technical resistance level looming near. Also expected today is a resolution to the local leadership issue which will add some volatility to the currency markets. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9140 to 0.9220</a> <br /><br /><strong>:: Great Britain Pound:</strong> Despite a slow grind higher in Asia yesterday the Pound Sterling came under some strong selling pressure by European investors overnight falling from 1.5485 to an eventual low of 1.5350 against the Greenback. In the aftermath of Friday’s dismal PMI numbers it was a pessimistic confidence survey out of the Euro-zone released overnight that dragged the GBP down. It did recover somewhat bouncing back to this morning’s open at 1.5390 ahead of the release of the British Retail Consortium’s sales monitor which will give the market some indication of the U.K consumer’s willingness to spend. With the Aussie dollar holding steady the decline in the Pound puts the GBP/AUD cross rate lower once again opening this morning around 1.6780 after having exchanged as low as 1.6730 at one stage. Today’s RBA announcement is sure to see an increase in the volatility on the cross rate with the most likely scenario pointing to another move lower at some point. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6700 to 1.6825</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The Kiwi bounced back from an early Monday morning sell off to 0.7175, rallying to enter offshore exchange back above the 72 cent handle. Despite the natural disaster in N.Z the currency has performed extremely well over the last week and whilst last night’s negative European data weighed on risk appetite somewhat the effect on the Kiwi was minimal. After initially dipping from 0.7245 to 0.7210 overnight the NZD/USD bounced back to a high of 0.7255 as European investors went home and with the U.S on holidays it then settled to open this morning at 0.7230. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7200 to 0.7275</a> <br /><br /><strong>:: Majors:</strong> A weak Sentix Investor Confidence survey, which measures perceptions on the six month outlook for the European economy, inspired a selloff in the EUR/USD during early offshore trade overnight. After momentarily popping above 1.2900 the Euro then retreated following the news to trade as low as 1.2865. With the majority of U.S investors on holiday and most markets closed for Labour day it was a quiet North American session and the big dollar traded within a tight band to open in Asia this morning at 1.2870 against the Euro. USD/JPY followed a similar trajectory trading lower in Europe before finding some support at 84.05 and opens this morning at 84.20 ahead of the conclusion of the Bank of Japan meeting. The central bank is not expected to announce any new expansionary measures having done so already last week. It is however likely they will continue with the recent rhetoric aimed at curbing the Yen’s strength whether it will have any impact remains to be seen. <br /><br /><strong>:: Data Releases</strong>: <br />AUD: RBA Rate Decision <br />NZD: No Data Expected Today <br />USD: No Data Expected Today <br />GBP: Aug BRC Retail Sales Monitor <br />EUR: Jul German Factory Orders <br />JPY: BOJ Meeting, Jul Coincident Index &amp; Jul Leading Index<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-5391641902479003631?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-84275041707968375362010-09-06T10:12:00.000+12:002010-09-06T10:12:14.283+12:00Monday, 6 September 2010 - Market Commentary<br /><br /><b>:: Australian Dollar:</b> The resurgence in the Aussie dollar continued on Friday night with the unwinding of risk trades persisting following the release of the U.S employment report. Heading into the announcement the AUD/USD was hovering around the 91 cent mark and with fewer than expected jobs lost in the non farm sector investors immediately snapped up Aussie dollars sending it to an eventual high around 0.9170. In what looms as a big week ahead on the data front for the local unit investors will be watching price action around the 92 cent level and whether it can break above August 6 highs of 0.9220. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9120 to 0.9220</a> <br /><br /><strong>:: Great Britain Pound:</strong> In a very volatile finish to the week’s trade the Pound Sterling recovered from a European sell off to bounce back from a low of 1.5390 and finish on its highs at 1.5465 against the Greenback. An unexpected decline in U.K Services PMI initially weighed on the Cable, however with risk appetite improving and the U.S dollar weakening across the board support came late in the session. This week has several key U.K releases with the BoE Monetary Policy Statement on Thursday the major highlight. A continuation in the rally on the Aussie dollar once again weighed on the cross rate with GBP/AUD finishing the week near its lows at 1.6875. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6785 to 1.6885</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The Kiwi continued its recent rally that has seen it jump over 3.5% from lows around 0.6965 on the first of the month posting a high above the 72 cent handle on Friday night. With little in the way of domestic data the NZD took its cue from offshore events and with negative sentiment towards the global economic environment abating somewhat the N.Z dollar benefited. Helping the NZD/USD was Friday’s U.S employment report that showed a less than expected 54k jobs lost in the nonfarm sector boosting equity markets and commodity based currencies. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7150 to 0.7225</a> <br /><br /><strong>:: Majors:</strong> The Euro held on to recent gains finishing 2% higher than its weekly low of 1.2625 at 1.2890 against the Greenback on Friday. Buoyed by recent comments from the ECB and diminishing concerns around a global double dip recession investors shrugged off a lower than expected consumer spending report from the Euro-zone focusing instead on the key U.S employment report. Economist forecasts were for the official unemployment rate to increase from 9.5% to 9.6% and the nonfarm sector to lose around 105k jobs during the month of August. Predictions for the headline unemployment rate were spot on coming in at 9.6% however it was the loss of 54k jobs in the nonfarm payrolls that caught the market somewhat by surprise triggering a relief rally on equity markets and riskier assets in general. The move lost some momentum late in the session however with USD/JPY finishing back at 84.37 and EUR/JPY at 108.85. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: Aug TD Securities Inflation Guauge &amp; Aug ANZ Job Ads <br />NZD: No Data Expected Today <br />USD: Labour Day Holiday <br />GBP: Aug New Car Registrations <br />EUR: Sep Sentix Investor Confidence <br />JPY: No Data Expected Today<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-8427504170796837536?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-60441292436648303352010-09-03T10:06:00.000+12:002010-09-03T10:06:31.770+12:00<strong>:: Australian Dollar:</strong> The Australian Dollar opens higher today at 0.9100 after another busy 24 hours. The gains made early yesterday morning above US91 cents were quickly eroded after profit-takers emerged taking the unit down to 0.9085 during Asian trade. Some further heat was taken out of the Aussie after domestic trade data revealed the surplus almost halved in July as exports declined sending the unit down towards 0.9050. The surplus fell to $1.89 billion last month compared to $3.44 billion in June. The Aussie headed into the European session trading at 0.9080 before spending the remainder of the offshore session buoyed by risk appetite after stronger-than-expected economic data releases in the US. Further gains are likely to be capped around the 0.9120 area today as markets await tonight’s key US jobs figures. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9070 to 0.9125</a> <br /><br /><strong>:: Great Britain Pound:</strong> Pound Sterling opens lower today at 1.5400 as UK house prices fell the most in six months in August. Prices dropped 0.9 per cent from the previous month pushing the pound down to an overnight low of 1.5350. The currency is likely to remain under pressure given recent comments from Bank of England Deputy Governor Charles Bean that Britain’s economy “remains fragile” and more policy action may be required to boost growth. Meanwhile, the pound opens weaker against both the Australian Dollar (1.6900) and the New Zealand Dollar (2.1550). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6870 to 1.6940</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The New Zealand Dollar opens higher today against the greenback at 0.7140. The unit rallied half-a-US-cent during domestic trade as sentiment was buoyed by higher prices in the latest Fonterra online milkpowder auction. The kiwi hit a high of 0.7170 during overnight trade and also picked up some lost ground against the Australian Dollar as trade data across the Tasman disappointed the market. The NZD/AUD moved to 0.7860 from a four-month low beneath 0.7800 just 24-hours earlier. Attention will turn to offshore events on Friday as traders await tonight''s key US employment data. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7100 to 0.7155</a> <br /><br /><strong>:: Majors:</strong> Better-than-expected US economic data overnight boosted investor sentiment and encouraged demand for high-yielding assets. The big dollar fell against several major currencies after US pending home sales rose 5.2 per cent in July compared to a 2.8 per cent drop the previous month. The Euro opens higher today at 1.2825 and nudged a two-week high overnight at 1.2847 after the European Central Bank (ECB) kept interest rates on hold at 1 per cent. Also underpinning the 16-nation currency were comments from ECB President Jean-Claude Trichet who said a double-dip recession is “not on the cards” and risks to the inflation outlook are “on the upside”. The greenback opens largely unchanged against the Japanese Yen at 84.30. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: AiG Performance of Service Index, August <br />CAD: No data today <br />EUR: Euro Zone retail sales, July <br />GBP: PMI Services, August <br />JPY: No data today <br />NZD: No data today <br />USD: Non-Farm Payrolls, August<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6044129243664830335?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-42685564670638497872010-09-02T10:06:00.000+12:002010-09-02T10:06:19.737+12:00<b>:: Australian Dollar:</b> The Australian Dollar opens higher today against its U.S. counterpart at 0.9095 after strong economic data releases in Australia and China on Wednesday. Hot on the heels of Tuesday's triumvirate of better-than-expected economic data came yesterdays second quarter national accounts which revealed the domestic economy grew at 1.2 per cent for an annual pace of 3.3 per cent. The Aussie dollar rallied sharply on the news towards US90 cents as investors raised their bets the Reserve Bank of Australia will raise interest rates again. Also supporting the local unit on the day was a 2 per cent rally on local equities and news from China the official Purchasing Managers Index rose to 51.7 in August from a 17-month low of 51.2 in July. Meanwhile, the Aussie hit a new 4-month high against the kiwi yesterday at 1.2822. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.9060 to 0.9135</a> <br /><br /><strong>:: Great Britain Pound:</strong> Pound Sterling opens higher today against the greenback at 1.5445. The currency initially dropped to an overnight low of 1.5336 after local manufacturing growth slowed to its weakest level in nine months. The August manufacturing gauge fell to 54.3 from a revised 56.9 in July. Despite a late rally up to 1.5491, the pound is off its highs and is likely to remain under pressure near-term as forthcoming fiscal austerity measures are expected to subdue growth. Meanwhile, the pound is weaker against both the Australian Dollar (1.6959) and the New Zealand Dollar (2.1680). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.6900 to 1.7000</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The New Zealand Dollar opens higher today against the greenback at 0.7110 after stronger than expected manufacturing data in the US prompted another “risk rally”. During yesterday’s domestic session, the kiwi received a much-needed boost from news across the Tasman that the Australian economy expanded by 1.2 per cent in the second quarter. The currency edged its way towards 0.7040, recovering some lost ground after an initial adverse reaction from investors after the collapse of South Canterbury Finance. However, with the Aussie dollar soaring yesterday, the kiwi took a hit on the cross-rate falling to fresh four-month lows around 0.7800. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7060 to 0.7135</a> <br /><br /><strong>:: Majors:</strong> Demand for higher-yielding assets overnight has weakened the greenback against several major currencies after a report in the US showed manufacturing accelerated at a faster pace than economists had forecast. The big dollar opens at 84.40 versus the Japanese Yen after the Institute for Supply Management’s measure of US manufacturing rose to 56.3 in August from 55.5 in July. The “risk rally” may be short-lived however as most recent economic data releases in the US have suggested the Federal Reserve may need to provide more stimulus to preserve the economic recovery. Meanwhile, the Euro opens sharply higher at 1.2806 despite a gauge of manufacturing in the 16-nation region declining to 55.1 in August from 56.7 in July. In overnight trade the Euro moved between a low of 1.2662 up to a high of 1.2855. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: Trade Balance, July <br />CAD: No data today <br />EUR: Euro Zone GDP, Q2 <br />GBP: Nationwide House Prices, August <br />JPY: No data today <br />NZD: No data today <br />USD: Pending Home Sales, July<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4268556467063849787?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-44497065972443394612010-09-01T10:32:00.000+12:002010-09-01T10:32:14.970+12:00<strong>:: Australian Dollar:</strong> Australian economic data released yesterday surprised the market somewhat with Retail Sales, Building Approvals and the Current Account all coming in above expectations. Consumer spending rose 0.7% during July, up from 0.4% the previous month however it was the massive narrowing in the Trade Deficit from 16.5 billion AUD to 5.6 billion, the narrowest since 2002, which attracted the most attention. The news provided some support for the Aussie dollar which initially rallied from early morning lows of 0.8905 following the news to an intraday high of 0.8955. Despite the strong domestic economy offshore events dictated direction during the afternoon and overnight sessions with global investors concerned about the prospects for Japan and the U.S weighing on the AUD/USD exchange rate. This morning sees the local unit open at 0.8900 with support expected to come from what is likely to be a strong Australian GDP result today. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.8885 to 0.8985</a> <br /><br /><strong>:: Great Britain Pound:</strong> Short term technical support on the GBP/USD at 1.5450 gave way during the Asian afternoon yesterday with the market ignoring a slight increase in Mortgage Approvals focusing instead on a less than expected increase in private sector lending and economic developments in North America. The Cable traded to a low of 1.5330 overnight following an increase in demand for the Greenback and Yen after the release of the U.S Federal Reserve Banks minutes to the August 10 policy meeting. The GBP/AUD cross rate also opens lower at 1.7200 this morning edging towards support at 1.7180 with this level likely to be tested following the release of Australian economic growth data today. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.7120 to 1.7280</a> <br /><br /><strong>:: New Zealand Dollar:</strong> Despite some positive sentiment from across the Tasman yesterday and a stronger than expected 3.1% rise in N.Z Building Permits for July the Kiwi tracked lower from yesterdays open around 0.7035 to exchange as low as 0.6965 against the Greenback overnight. All eyes were on the release of the U.S Federal Reserve Bank minutes to the August 10 meeting with the market somewhat optimistic leading into the announcement. The release however gave very little in the way of new information and highlighted the delicate nature of the predicament the central bank finds itself in. Although it was weighed down by negative risk sentiment overnight the NZD/USD opens up from its lows at 0.6990 whilst the AUD/NZD cross is at its highest level since April 30 at 1.2755. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.6950 to 0.7020</a> <br /><br /><strong>:: Majors:</strong> Following the Bank of Japan’s announcement to expand its bank lending program by 10 trillion Yen on Monday Japanese Prime Minister Naoto Kan announced yesterday a further 920 billion yen would be spent by the government as it attempts to spur domestic demand and weaken the strengthening currency. The co-ordinated strategy was aimed at reversing the Yen’s strength however the market was less than impressed by the announcements and USD/JPY fell from 84.65 to enter the European session near the 84 handle at 84.05. In offshore trade investors were keenly anticipating the release of the U.S Federal Reserve Banks minutes from the last meeting with the expectation that more detail on how the Fed plans to inspire growth to be revealed. The market was somewhat disappointed by the release as it lacked any new information and reinforced sentiment chairman Bernanke delivered over the weekend. Risk aversion returned with policy makers uncertain if the downward revisions in economic growth would restrain consumer spending “for some time” triggering another round of USD/JPY selling from an offshore high of 84.58 to 83.82. In other news German unemployment came in slightly better than expected sparking a rally in the EUR/USD from 1.2630 to an eventual high near 1.2750 prior to the Fed’s announcements and opens this morning at 1.2680. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: Q2 GDP <br />NZD: Aug ANZ Commodity Prices <br />USD: Aug ADP Employment &amp; Aug ISM Manufacturing <br />GBP: Aug PMI Manufacturing <br />EUR: Aug Forecast PMI Manufacturing <br />JPY: Aug Vehicle Sales<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-4449706597244339461?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-14806785220775467482010-08-31T10:07:00.000+12:002010-08-31T10:07:18.339+12:00<strong>:: Australian Dollar:</strong> The Australian Dollar moved above US90 cents for the first time in over a week as sentiment was buoyed by recent comments from the US Federal Reserve that it is prepared to take steps to safeguard the world’s largest economy from falling back into recession. Early yesterday, the Aussie hit a high of 0.9030 as commodity prices firmed and the local equity market rallied. However, the Aussie lost some ground late in the Asian session, dipping back to 0.8970 after the Bank of Japan’s announcement to boost funding facilities was not viewed by the market as doing enough to curb the Yen’s dramatic advance. The Aussie hit an overnight low of 0.8916 and opens near this level this morning. Attention will turn to domestic events this week with current account data today and the release tomorrow of second quarter national accounts which is expected to show a small increase in growth compared to the previous quarter. The AUD remains strong against the Euro (0.7035) and the New Zealand Dollar (1.2600). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.8900 to 0.8960</a> <br /><br /><strong>:: Great Britain Pound:</strong> Pound Sterling opens lower today against the greenback today at 1.5450. Due to London markets being closed to mark summer bank holiday, trading was fairly subdued and the currency drifted down towards an overnight low of 1.5455 as U.K. house prices slipped for a second month in August, down 0.3 per cent compared to a 0.1 per cent decline in July. Meanwhile, the pound opens marginally higher against both the Australian Dollar (1.7320) and the New Zealand Dollar (2.1850). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.7280 to 1.7345</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The New Zealand Dollar opens lower against the greenback today at 0.7060. During Monday’s domestic session the kiwi hung onto its recent gains made last Friday on the back of revived hopes for the US economy. Also supporting the unit above US71 cents yesterday was the release of local trade data which revealed the value of New Zealand’s exports continue to rise after a 12 per cent increase in July to NZ$3.6bio. The trade balance came in at a deficit of NZ$186mio for July which was much lower than the average deficit for the same month over the last five years. During offshore trading action the kiwi followed the Australian Dollar and the Euro lower all the way down to this morning’s opening level. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7050 to 0.7090</a> <br /><br /><strong>:: Majors:</strong> The greenback has fallen sharply against the Japanese Yen and opens this morning in Sydney at 84.52. The Yen advance was precipitated by the Bank of Japan (BOJ) which expanded its bank loan program amid government pressure to stimulate the economy. The BOJ will boost the amount of funds in the facility by 10 trillion Yen to 30 trillion and said yesterday its action “will encourage a decline in market interest rates and further enhance monetary conditions” The big dollar has slumped from a 24-hour peak of 85.85 as the size of the stimulus disappointed some analysts and may not be enough to halt the Yen’s ascent. In US economic data, incomes rose only 0.2 per cent in July fuelling fears of slower spending in the months ahead. Meanwhile, the Euro opens lower today at 1.2660. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: Current account, Q2 <br />CAD: GDP, Q2 <br />EUR: German Unemployment, August <br />GBP: Mortgage Approvals, July <br />JPY: Industrial Production, July <br />NZD: Building Permits, July <br />USD: Consumer Confidence, August<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-1480678522077546748?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.com/profile/04454318122590068735noreply@blogger.com0tag:blogger.com,1999:blog-1852605028538129336.post-61564952090267350102010-08-30T09:35:00.000+12:002010-08-30T09:35:38.558+12:00<strong>:: Australian Dollar:</strong> The Australian Dollar is stronger across the board today and moved sharply higher against the greenback late in the offshore session on Friday. After spending most of last week being supported around the 0.8850 area, the Aussie opens at 0.8990 on Monday as risk appetite returned after a speech by U.S. Federal Reserve chairman Ben Bernanke who pledged to provide further "accommodation" in order to prevent the world's largest economy from slipping into a double dip recession. The Aussie hit a 24-hour high of 0.8998. Attention will turn to domestic events this week with current account data tomorrow and Wednesdays release of second quarter national accounts which is expected to show a small increase in growth compared to the previous quarter. The Aussie opens higher against the Euro (0.7050), the pound (0.5780) and the Japanese Yen (76.68). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">AUD/USD rate of 0.8980 to 0.9040</a> <br /><br /><strong>:: Great Britain Pound:</strong> Pound sterling opens little changed against the greenback (1.5523) despite stronger than expected local growth data announced on Friday. U.K. gross domestic product rose 1.2 per cent in the three months to June as construction expanded quicker than previously estimated. Over the last 24 hours the pound traded between a low of 1.5442 and a high of 1.5544. Despite a risk rally in currencies such as the Australian and New Zealand Dollars, Sterlings appreciation was limited as the breakdown of the GDP data revealed that the solid rises in household and government spending is unlikely to be maintained. As a result, the pound opens weaker against both the Aussie (1.7260) and the kiwi (2.1760). <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">GBP/AUD rate of 1.7210 to 1.7285</a> <br /><br /><strong>:: New Zealand Dollar:</strong> The New Zealand Dollar opens higher today against its U.S. counterpart at 0.7122. Higher commodity prices supported the local unit last Friday during the domestic session with support holding around the US70-cent area. The currency came to life during the offshore session hitting a high of 0.7130 as risk appetite returned after a speech by U.S. Federal Reserve chairman Ben Bernanke who pledged to provide further "accommodation" in order to prevent the worlds largest economy from slipping into a double dip recession. Second quarter U.S. economic growth data (1.6 per cent) was not as bad as the market had been expecting. Attention will turn to domestic events this week kicking off with July trade data scheduled for release today. <br /><br />- We expect a range today in the <a href="https://kariera.zulutrade.com/SignUp_Live.aspx">NZD/USD rate of 0.7080 to 0.7145</a> <br /><br /><strong>:: Majors:</strong> The Japanese Yen weakened across the board on Friday night as safe-haven demand was eroded after a speech in the United States by Federal Reserve Chairman Ben Bernanke who pledged to safeguard the economic recovery. The big dollar opens at 85.33 up from 15-year lows as Mr Bernanke commented that he expects a "modest pace" of economic growth and that the FOMC is prepared to provide further "accommodation" if needed. Compared to the pre-data hype, there was only a muted reaction on currency markets to second quarter GDP in the U.S. which came in at 1.6 per cent. Most economists had forecast growth of 1.4 per cent for the period April through June. University of Michigan confidence data came in at 68.9 for August which was lower than the previous month. Meanwhile, the Euro opens little changed at 1.2729. <br /><br /><strong>:: Data Releases:</strong> <br />AUD: New Home Sales, July <br />CAD: Current account, Q2 <br />EUR: Euro Zone Consumer Confidence, August <br />GBP: No Data Today <br />JPY: No Data Today <br />NZD: Trade Balance, July <br />USD: Personal Income, July<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1852605028538129336-6156495209026735010?l=makemoneyonline-moneyonline.blogspot.com' alt='' /></div>makemoneyonlinehttp://www.blogger.