Forex Street.com

UWeb Site URL: http://www.fxstreet.com/
Finance, RSS Feed Site Posted by Robert K. Foster
Tuesday, October 09, 2007

A web site for and about Foreign currency exchange trading. News, calendars, tips, etc. about FX trading.

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FXstreet.com

FXstreet.com latest updated reports. Currency market overviews, forex trading recommendations, technical analysis, currency forecasts, etc. A must in your trading day.
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• Rescue Plan For A Dead System

  1 minute with ForexSurvivor A.        (15October US) Latest Impact: I don’t believe a word!! The Rescue Plan, although was aired at the beginning of this week, can’t start working immediately. The billions of dollars that would be thrown out for an already dead system (that will never revive with those strategies implemented) can’t be injected before January (banking procedures), then at least another 2 months are needed for the Congress to do its own

  

  

• Norway: Forget about inflation

  As widely expected, Norges Bank today cut its policy rate by 50bp to 5.25%. In the press release Norges Bank put all its focus on the financial crisis, while the current high rate of inflation received almost no attention. With regards to the financial crisis, Norges Bank said that, "The most robust approach may therefore now be to implement measures to reduce the uncertainty and stave off particularly adverse outcomes for the economy. This implies a more active monetary policy than normal,

  

  

• The Banking States of America

  Living in the banking states of America. Who ever thought that Bank of America would now be America’s bank? America, and you the tax payers, are in the Banking business. It is a confidence game now and oil has to be confident that the world can still get credit to buy oil. It is clear that oil is looking to the stock market for direction and our oil producing advisories are sweating out the correction big time. Last week I wrote that the drop in oil prices will be a bitter pill for oil

  

  

• The Yen remained strong against most currencies

  • The Rupee weakened against the Dollar as FIIs were net sellers in equity markets. The USD/INR pair ended at 48.53 from 48.07 yesterday.  • The 6-month and 1-year forward premium was at 0.49% and 0.40% as compared at 0.19% and 0.24% yesterday.  • The Yen remained strong against most currencies due to uncertainty regarding the effectiveness of the bail out plans. Weaker than expected US retail sales data further deteriorated sentiments. EUR/USD was at 1.3606 from 1.3736 yesterday and

  

  

• The Yen remained strong against most currencies

  • The Rupee weakened against the Dollar as FIIs were net sellers in equity markets. The USD/INR pair ended at 48.53 from 48.07 yesterday.  • The 6-month and 1-year forward premium was at 0.49% and 0.40% as compared at 0.19% and 0.24% yesterday.  • The Yen remained strong against most currencies due to uncertainty regarding the effectiveness of the bail out plans. Weaker than expected US retail sales data further deteriorated sentiments. EUR/USD was at 1.3606 from 1.3736 yesterday and

  

  

• The Long-term Outlook for Gold

  Traditionally thought of as a safe-haven during periods of high inflation or market uncertainly, this shiny yellow metal has been moving by over $100 per ounce on some recent days.  But there's more to the story than just the recent market panics. The day prior to the first "no" vote on the US bail-out package, gold made it's bottom at 736.18, a level projected nearly 2 months in advance by Fibonacci studies.  But besides the technical indicators, there is a genuine fundamental

  

  

• FX Market Update

  Today we are launching our new weekly publication, FX Market Update, which provides a handy overview of the currency market. For each of nine currency pairs, key information is shown including our short-term financial models, option implied distributions and volatility data. Highlights of this week's FX Market Update: • Over the past month, the fall in equities, the lower oil price and a narrowing of relative interest rates have been vital in driving the short-term financial model prediction

  

  

• Chart of the Day - GBP/USD

  (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance levels in yellow; Fibonacci retracement levels in grey; 50-period simple moving average in light blue.) 10/15/2008 – GBP/USD – Price action on the GBP/USD daily chart, as shown, has been making what could be considered an upside correction or retracement after hitting a 5-year low late last week. This retracement has

  

  

• Daily Scalping Tip

  SELL EURUSD @1. 3548 , SL @1.3563, TP @1.3538 Signal Time: October 15, 2008  15:52 GMT STATUS: ON

  

  

• Daily Scalping Tip

  BUY EURUSD @1. 3690 , SL @1.3675, TP @1.3700 Signal Time: October 14, 2008  09:29 GMT STATUS: WON

  

  

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