9/21 Forex Weekly Reports (ActionForex.com)

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Forex Weekly Reports (ActionForex.com) Does China Have a Lease on the American Future? September 21, 2009 at 4:14 am When Treasury yields on the 10 year note were climbing to 4.0% in the late spring bond traders fears were centered on the Federal Reserve's extraordinary liquidity provisions, the Obama administration's unprecedented ten year deficit projections and the potential for inflation. The collapse in Treasury prices prompted the Fed's entry... Weekly Technical Commentary September 21, 2009 at 12:53 am Bouncing from 78.6% Fibonacci retracement support, quickly correcting the oversold situation. Hopefully the rally will run out of steam here, first resistance around 92.00. However, holiday-thin conditions this week mean we cannot rule out a fairly large 'extension' higher. Worryingly, at-the-money implied volatility has not increased, holding around the average... Weekly Forex Signals: EUR/USD September 20, 2009 at 11:12 pm Technical analysis show us the euro may come back down for a short period of time as MACD giving us a selling signal by crossing MACD line to the signal line and RSI breaks 70% line downwards. Bollinger gives us a bearish signal by closing the candle below the upper... FOMC Meeting and the Keenly-Awaited G20 Summit Take Centre Stage September 20, 2009 at 10:31 pm This week's economic events will be dominated by the summit of G20 leaders in Pittsburgh, along with the latest US FOMC meeting. Key issues for discussion at the G20 include measures to regulate the global banking system and address global economic imbalances. Meanwhile, the US Federal Reserve meets again to... US Economic Indicators Preview September 20, 2009 at 10:27 pm Despite the economy and financial markets stabilising and the federal funds rate being close to zero, the FOMC is highly unlikely to alter its expansive monetary policy stance at this week's meeting. As Janet Yellen, President of the San Francisco Fed, stated, the committee faces an economy with substantial slack,... GBPUSD: Nearer Term Weakness To Target The 1.6112 Level September 20, 2009 at 5:42 am Declines through its medium term rising trendline the past week has now cleared the way for a retarget of the 1.6112 level, its Sept 02'09 low. This is coming on the back of a loss of upside momentum at the 1.6740 level, its Sept 11'09 high. With that said, breaking... EURUSD: Outlook Remains Higher Towards The 1.4719 Level September 20, 2009 at 5:41 am With continued upside gains seen the past week following its recent trigger of its medium term uptrend, outlook for higher upside gains remains towards its strong resistance at the 1.4719 level, its Dec 18'08 high. Although a rejection of that level was seen on Friday, as long as the mentioned... EMU Economic Indicators Preview September 20, 2009 at 5:34 am The ifo business climate for Germany is likely to have continued improving in September, but probably not as much as in August. The US ISM manufacturing index has improved substantially again, but the German ZEW economic sentiment only slightly. The DAX has rallied and crude oil prices were slightly lower.... This Week's Market Outlook September 20, 2009 at 5:30 am The greenback remains under pressure as the global risk rally continues. Concerns over the US fiscal deficit, the status of the US dollar as the primary global reserve currency, and near zero US interest rates all provide background noise to encourage USD selling, but the real source of USD weakness... Weekly Economic and Financial Commentary September 20, 2009 at 5:28 am Since World War II, the pace and character of consumer spending has defined the U.S. economy. Going forward, will this all change and what are the implications? What about housing? Finally, has the era of California/Florida dreaming come to an end? If the American consumer has truly changed her spots... Weekly Focus: There is Life September 20, 2009 at 5:17 am This week's most significant piece of news came from the US consumers. While August retail sales had been expected to show solid improvement because car sales had been boosted by the cash-for-clunkers programme, the report carried much more underlying strength than expected. Most core sectors outside autos showed substantial improvement.... The Weekly Bottom Line September 20, 2009 at 5:10 am The U.S. economy is finally starting to emerge from a long and deep recession. It will likely have lasted 20 months, during which nearly 4% of real GDP and over 7 million jobs - or 5% of employment - will have been lost, making it the worst post-WWII recession. On... RBA Board Minutes: Emphasis on "Uncertainty" Rules Out an October Rate Hike September 20, 2009 at 5:01 am The RBA Board minutes from the 1 September meeting indicated that "some uncertainty remained about the outlook both abroad and at home". It is reasonable to conclude from this qualification that the Bank does not expect to raise rates in October. However, the Board confirmed conditions were evolving broadly in... King's Comments Weigh on Sterling While Equities Continue to Climb September 20, 2009 at 4:46 am Sterling faced considerable selling pressure this week following Bank of England Governor Mervyn King's Treasury testimony on Tuesday. The Governor commented that the BoE were "looking at" possibly lowering the deposit rates paid to commercial banks on reserves although not mentioning negative interest rates. The resulting decline in yields at...   This email was sent to skytheheaven@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.