Does the market know where it’s heading? Releases from Japan: Prior ActualJapan Eco Watcher’s Survey: Current 36.6 31.8Japan Eco Watcher’s Survey: Outlook 37.0 35.8 It is interesting that the Japanese government retains such a healthy and optimistic view of the economy. It is the Cabinet office itself that organizes the economy watchers’ index, [...]
| Tagged Morning Update |
A quiet Asian session should see limited follow-through in Europe Releases from Japan: Japan – December Forecast ActualMachine Orders (MoM) – 0.9% – 3.2%Machine Orders (YoY) – 1.1% – 3.3% Japan – JanuaryMoney Supply M2+CD (YoY) +2.1% +2.1%Broad Liquidity (YoY) +3.5% +3.6% The rather disturbing collapse in Japan’s core private sector machinery orders prompted [...]
| Tagged Morning Update |
The Dollar rises – but not of its own doing European releases overnight: December Forecast ActualU.K. Industrial Production (MoM) +0.2% – 0.1%U.K. Industrial Production (YoY) +1.0% +0.6%U.K. Manufacturing Production (MoM) +0.1% – 0.2%U.K. Manufacturing Production (YoY) +0.3% +0.0%German Factory Orders (MoM) - 2.0% - 1.7%German Factory Orders (YoY) 11.1% +5.6% The European story remains the same. The BOE [...]
| Tagged Morning Update |
Today’s the day the central bankers have their picnic Releases from Japan:January Prior CurrentJapan Machine Tool Orders (YoY) -0.1% Releases from Europe: December Forecast ActualFrench Trade Balance EUR -4.2bn -4.3bn JanuarySwiss Unemployment Rate 2.8% 2.8% The numbers out of Europe this morning would not have much impact even on a normal day, and given the ECB [...]
| Tagged Morning Update |
Chinese New Year holidays generate dull trading conditions in Asia It has been a pretty dull Asian session with no real releases of note. The Japanese Machine Tool Orders figure is due a bit later but otherwise the absence of Singapore and Hong Kong for Chinese New Year have leant to a predictably dull session. [...]
| Tagged Morning Update |
Is the market’s illicit affair with interest rates over? European releases overnight: December Prior ActualU.K. Leading Indicator Index (MoM) – 0.3% – 0.4%U.K. Coincident Indicator Index (MoM) +0.2% +0.1% JanuaryU.K. BRC Shop Price Index (MoM) +0.1% - 0.5% U.K. BRC Shop Price Index (YoY) +1.0% +1.2% All European releases were from the U.K. where the expected continued slowdown [...]
| Tagged Morning Update |
Asia sidelined as it contemplates overnight movements Releases from Japan: Forecast ActualJapan December Leading Economic Index 40.0% 40.0%Japan December Coincident Index 66.7% 66.7% These numbers are never a surprise – as if the numbers are leaked well in advance… The coincident index above 50 again reflects the better results seen over the past [...]
| Tagged Morning Update |
Thursday Forex Watch. 1. Thursday, February 07th, 2008 (4:30 a.m. New York Time) UK. At 4:30 a.m. New York time we will have UK Industrial Production coming out. To stay safe, especially because of the Interest Rate statement coming out later on. If it comes out at 0.6% or higher, consider buying GBP/USD, looking for [...]
| Tagged Signal Update |
1,4615. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should [...]
| Tagged Technical |
208,89. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 208,20. If the support is broken then the target will [...]
| Tagged Technical |
