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US Session: Financials Approved to Repay TARP and Treasury Auction Was Successful Causing the Dollar to Retreat on Higher Risk Appetite
June 09, 2009 11:10 PM CEST
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G10 Advancers and Decliners vs USD |
| | Sek | 1.98 |  | | | Aud | 1.57 | | | | Gbp | 1.45 | | | | Nok | 1.33 | | | | Cad | 1.20 | | | | Nzd | 1.02 | | | | Chf | 0.96 | | | | Eur | 0.95 | | | | Dkk | 0.94 | | | | Jpy | 0.84 | |
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Global Indexes |
Current Level |
% Change |
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| DJIA Index | 8,764.34 | 0.00 | | S&P 500 Index | 941.78 | + 0.28 | | NASDAQ 100 Index | 1,859.21 | + 0.91 | | Nikkei 225 Futures | 9,790.00 | + 0.10 | | Hang Seng Futures | 17,930.00 | - 1.12 | | FTSE futures | 4,415.50 | + 0.31 | | SMI Futures | 5,391.00 | - 0.17 |
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World Markets |
Current Level |
% Change |
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| Crude wti | 69.26 | + 1.72 | | Gold | 953.92 | + 0.22 | | Silver | 15.16 | + 1.37 | | USD Index | 80.05 | - 1.06 | | VIX | 28.41 | - 4.57 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| No Major Events Scheduled | | | |
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Currency Tech |
AUDUSD
R 3: 0.8378
R 2: 0.8263
R 1: 0.8123
CURRENT: 0.7878
S 1: 0.7745
S 2: 0.7703
S 3: 0.7630
EURJPY
R 3: 144.61
R 2: 141.75
R 1: 139.75
CURRENT: 136.18
S 1: 135.30
S 2: 133.89
S 3: 131.49
USDSGD
R 3: 1.4803
R 2: 1.4748
R 1: 1.4666
CURRENT: 1.4639
S 1: 1.4425
S 2: 1.4386
S 3: 1.4336
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Market Brief |
The markets in the U.S. and the Europe are cheering up on growing positive risk appetite, but with conservative optimism shown in the U.S. Treasuries market. Even though Fed funds futures contracts show a 58% probability of a rate increase by November Futures on S&P 500, the Dow and Nasdaq-100 all advanced on speculation the Federal Reserve will hold off on raising interest rates this year as high unemployment and a still fragile housing market may tie the Fed’s hands tight from raising rates anytime soon. Fed is also said to install inflation by refraining from seeking Congress authority to sell its own debt. Europe’s Dow Jones Stoxx 600 Index added 0.2% at 12:09 p.m. in London, and the stabilizing signs emerging from the U.K. housing market lend strength to the pound for a second day.
Green Shoots traded weaker against all the major currencies with the safe-haven currency’s “white knight” role diminishing on seemingly bottoming-out global recession. The dollar dropped 0.4 percent to $1.40 against the euro from$1.39 yesterday. The yen is up 0.4 percent versus the dollar from 9897.41 to 98.13. Canada’s currency appreciated from near the lowest in two weeks on the appeal of commodity-linked currencies as oil and U.S. stock index futures rose. The loonie strengthened 1% to C$1.1104 per U.S. dollar, after it touched $1.1291 yesterday, the weakest level since May 26. Crude oil rose for the first time in three days to $68.07 on increasing optimism that the world economy is emerging from recession and fuel consumption will recover. Gold declined 0.2% to $949.64oz close to its lowest in two weeks as the dollar advanced for a third day, reducing the appeal of precious metals as an alternative investment.
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Asian Session: Market Jitters
June 09, 2009 8:31 AM CEST
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G10 Advancers and Decliners vs USD |
| | CAD | 0.34 | | | | JPY | 0.32 | | | | AUD | 0.25 | | | | NZD | 0.17 | | | | GBP | 0.13 | |  | CHF | -0.01 | | | SEK | -0.05 | | | DKK | -0.08 | | | EUR | -0.11 | | | NOK | -0.20 | |
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Global Indexes |
Current Level |
% Change |
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| Nikkei 225 Index | 9,786.82 | - 0.79 | | Hang Seng Index | 18,020.45 | - 1.27 | | Shanghai Index | 2,755.66 | - 0.45 | | FTSE futures | 4,402.00 | - 0.72 | | DAX futures | 5,026.50 | + 0.30 | | SMI Futures | 5,403.00 | + 0.05 | | DJIA futures | 8,737.00 | - 0.25 |
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World Markets |
Current Level |
% Change |
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| Gold | 950.63 | - 0.12 | | Silver | 14.92 | - 0.23 | | VIX | 29.77 | + 0.50 | | Crude wti | 68.85 | + 1.11 | | USD Index | 80.95 | + 0.04 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| Germany Trade balance, bn (sa) | 9.2 | 8.9 | EUR / 06.00 | | Germany: Industrial production, % m/m (y/y) | -0.1 | 0.0 (-20.3 | EUR / 10.00 | | Wholesale inventories, % m/m (y/y) | -1.0 (-5.4 | -1.6 (-3.5 | USD / 14.00 | | Core machinery order, % m/m | -0.7 | -1.3 | JPY / 23.50 | | Corporate goods price index, % y/y | -5.1 | -3.8 | JPY / 23.50 |
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Currency Tech |
AUDUSD
R 3: 0.8378
R 2: 0.8263
R 1: 0.8123
CURRENT: 0.7878
S 1: 0.7745
S 2: 0.7703
S 3: 0.7630
EURJPY
R 3: 144.61
R 2: 141.75
R 1: 139.75
CURRENT: 136.18
S 1: 135.30
S 2: 133.89
S 3: 131.49
USDSGD
R 3: 1.4803
R 2: 1.4748
R 1: 1.4666
CURRENT: 1.4639
S 1: 1.4425
S 2: 1.4386
S 3: 1.4336
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Market Brief |
The USD strengthened in Asian session as the S&P downgraded Ireland's sovereign credit rating for the second time in three months prompting risk aversion trading. The dollar Index climbed back above 80, a crucial level as more and more economic data indicates that the worst of recession is over. Investors’ appetite for gold also seems to be waning as Turkey, one of world’s leading gold consumers, reported gold consumption falling back to zero in May from 26kg the previous month. With the global economy recovering and the dollar regaining momentum, it is hard to see further gold gains which were mainly supported by risk aversion.
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ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
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