|
|
US Session: Equity Markets Flat as Dollar Moves on Mixed Economic Data
July 16, 2009 11:36 PM CEST
|
|
G10 Advancers and Decliners vs USD |
| | Nzd | 0.62 |  | | | Sek | 0.56 | | | | Cad | 0.50 | | | | Aud | 0.14 | | | | Eur | 0.12 | | | | Chf | 0.05 | | | | Gbp | 0.03 | |  | Nok | -0.06 | | | Dkk | -0.11 | | | Jpy | -0.67 | |
|
|
Global Indexes |
Current Level |
% Change |
|
| DJIA Index | 8,627.70 | + 0.13 | | S&P 500 Index | 932.22 | - 0.05 | | NASDAQ 100 Index | 1,867.71 | + 0.26 | | Nikkei 225 Futures | 9,400.00 | + 0.74 | | Hang Seng Futures | 18,340.00 | + 0.00 | | FTSE futures | 4,335.00 | + 0.60 | | SMI Futures | 5,535.00 | + 1.28 |
|
|
World Markets |
Current Level |
% Change |
|
| Crude wti | 61.53 | - 0.02 | | Gold | 937.99 | - 0.13 | | Silver | 13.30 | + 0.15 | | USD Index | 79.34 | - 0.04 | | VIX | 25.38 | - 1.97 |
|
|
Todays Calender |
Estimates |
Previous |
Country / GMT |
|
| No Major Events Scheduled | | | |
|
|
|
Currency Tech |
AUDUSD
R 2: 0.8155
R 1: 0.8035
CURRENT: 0.7974
S 1: 0.7700
S 2: 0.7630
EURJPY
R 2: 134.80
R 1: 132.82
CURRENT: 131.87
S 1: 127.82
S 2: 126.98
AUDJPY
R 2: 76.022
R 1: 75.205
CURRENT: 74.801
S 1: 73.204
S 2: 71.476
|
|
Market Brief |
The dollar fell against most majors on investors increased appetite for risk. The EurUsd rose 15pips testing 1.4122 as a major point of resistance and the UsdJpy fell 52pips to the mid range of 93. The GbpUsd continues to rally trading near 1.645. Equity markets rose slightly in the U.S. and Europe with the Dow higher by 26.68pts or .31% and the FTSE 100 up 15.38pts or .35%. The yield curve experienced a degree of flattening, especially in 5 year bonds which fell by -.71. Commodities are slightly lower with oil near $61bbl and gold hovering above $937oz.
The financial markets were mostly directionless early in the session the dollar fell to a six week low on better than expected earnings from JP Morgan; spurring an initial resurgence in investors’ appetite for risk. Adding to the equity market rally, jobless claims tumbled more than expected to the lowest since January; economist Nouriel Roubini feels “the worst [of the recession] is behind us.” Despite this, the jobless number is distorted by upheaval in the auto industry. Also, bleak manufacturing data, a rise in foreclosures, expected deterioration of JPM credit card, loan and mortgage portfolios, as well as the looming CIT bankruptcy are all culpable of reviving a more pessimistic market sentiment.
The Euro is expected to rise to $1.46 should it break a major resistance level of $1.4122 and the GBP rallied on U.K. employment data for June that came in better than expected with jobless claims at 23.8k versus 41.3k expected. Nevertheless, bearish moves are anticipated from the cable as unemployment came in higher than expected at 7.6%. Regarding commodity currencies , the Kiwi retreated.6% as Fitch cut the country’s outlook to negative and threatened a downgrade, and the loonie was trading down at $.8941 on profit taking and lower commodity prices
Risk Disclaimer:
Although every investment involves some degree of risk, the risk of loss in trading off‐exchange forex contracts can be substantial. Therefore if you are considering trading in this market, you should be aware of the risks associated with this product so you can make an informed decision prior to investing. The material presented here is not to be construed as trading advice or strategy. ACMNY makes a strong effort to use reliable, expansive information, but we make no representation that it is accurate or complete. In addition, we have no obligation to notify you when opinions or data in this material change
|
|
Asian Session: Strong U.S data and Chinese growth figures fuel global optimism.
July 16, 2009 11:09 AM CEST
|
|
G10 Advancers and Decliners vs USD |
| | JPY | 0.593 | | | | NOK | 0.148 | | | | CHF | 0.120 | | | | DKK | 0.029 | | | | EUR | 0.003 | | | | CAD | 0.003 | | | GBP | -0.179 | | | SEK | -0.342 | | | AUD | -0.610 | | | NZD | -1.268 | |
|
|
Global Indexes |
Current Level |
% Change |
|
| Nikkei 225 Index | 9344.16 | + 0.81 | | Hang Seng Index | 18395.81 | + 0.75 | | Shanghai Index | 3183.74 | - 0.15 | | FTSE 100 Index | 4346.48 | 0.00 | | DAX Index | 4931.81 | + 0.07 | | DJIA futures | 8519 | - 0.28 | | Nasdaq futures | 1492.5 | - 0.32 |
|
|
World Markets |
Current Level |
% Change |
|
| Gold | 937 | - 0.23 | | Silver | 13.275 | 0.00 | | VIX | 25.89 | + 3.48 | | Crude wti | 61.65 | + 0.18 | | USD Index | 79.472 | + 0.13 |
|
|
Todays Calender |
Estimates |
Previous |
Country / GMT |
|
| Initial Jobless Claims (JUL) | 555K | 565K | US / 12:30 | | Continuing Claims | 6850K | 6883K | US / 12:30 | | US Net Long-Term TIC Flows | $16.5B | $11.2B | US / 13:00 | | Philadelphia Fed (Jul) | -5 | -2.2 | US / 14:00 |
|
|
|
Currency Tech |
AUDUSD
R 2: 0.8155
R 1: 0.8035
CURRENT: 0.7974
S 1: 0.7700
S 2: 0.7630
EURJPY
R 2: 134.80
R 1: 132.82
CURRENT: 131.87
S 1: 127.82
S 2: 126.98
AUDJPY
R 2: 76.022
R 1: 75.205
CURRENT: 74.801
S 1: 73.204
S 2: 71.476
|
|
Market Brief |
China’s stock market value exceeded that of Japan’s yesterday as the $585Bn stimulus package and scrapping of lending restrictions for banks helped trigger the revival and boost share prices. However the strong GDP figure reported by the National Bureau of Statistics was the focus in this morning’s news as China is largely seen to be the main catalyst in the world’s recovery from the worst recession in living memory. Q2 GDP tipped the scales at 7.9% - exceeding a 7.8% median forecast of 20 economists. This said, NBS Spokesman Li Xiaochao said China still faced difficulty in job creation and saw an eventual slowing of the current euphoria in the markets spurred on by the economic revival package.
On a more global note, the flurry of positive data out of the U.S brought on a general rally in risk appetite, we saw a general slump in the Yen and Dollar – the main refuge currencies – that benefit from risk aversion. EURUSD culminated at 1.4134 – failing to break the current broad 1.3750 – 1.4150 range. USDJPY was met with the same dynamic, the Yen giving way to the comparatively risk prone Greenback. Both these pairs seem to have exhausted their immediate upward momentum; retracements to mid range are to be expected.
|
|
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.
|
| |
|
|
| |
| |
|