Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Dec 4, 2010

Your forexlive.com ENewsletter

ForexLive US wrap: Risk returns; dollar dives
Bernanke says Fed may buy more that $600 bln Treasuries
Sean is my daddy…
Specs were short about 18K cars last week
Tis the season
No signs of a let-up for EUR/USD
US: Roundup of Economic Indicators Through December 3
Think it was choppy this week? It’s gonna get worse
test
US Budget Experts: Early Next Year Critical For Fiscal Policy
US DATA: OTS Q3 Thrift Performance report says the…
EU determination to defend euro has halted speculation- Portuguese PM
10-yr note back above 3.00%
US’s Schumer: Hopes Senate Tax-Cut Votes On Sat Clarify Debate
US, South Korea reach free trade deal, at last
Could the ECB have its cake and eat it too?
Three’s a trend
US DATA: Boeing Corp reported 17 new orders in Nov…
Eurogroup’s Juncker: You’re all a bunch of dummies!
US ISM’s Nieves: Job Restrictions Lifting But Hiring Limited

ForexLive US wrap: Risk returns; dollar dives

Posted:

US nonfarm payrolls rise 39,000; unemployment rates rises to 9.8%; far weaker than expected Canadian employment rises 15,200; unemployment rate falls to 2-year low Non-manufacturing ISM survey rises to 55.0 in November from 54.3 in Oct US factory orders fall 0.9% in Oct, as expected German FinMin Schaeuble renews attack on the Fed; market ...

Bernanke says Fed may buy more that $600 bln Treasuries

Posted:

According to a Bloomberg report. Probably an excerpt from his 60 Minute interview on Sunday... EUR/USD trades up to 1.3419 on the story and looks set to close above the downtrend in place for the last month. 1.3470 is a key area of resistance come Monday.

Sean is my daddy…

Posted:

With the market set to close the week well above 0.9900, I must pay homage to Sean's AUD call last night. At least my bearish call yesterday had a super tight stop... I just tip my cap and call him my daddy...

Specs were short about 18K cars last week

Posted:

Not any more! The data is as of close of business Tuesday. I'd reckon a good percentage of those shorts have covered in the last few days on the pop from 1.3050 in little more than a day. One has to be brave to nurse a bad position this time of ...

Tis the season

Posted:

Time to start the holidays with one of my favorites...

No signs of a let-up for EUR/USD

Posted:

We head into the close on a very firm note in EUR/USD, trading just below the trendline on the hourly charts which comes in now around the 1.3390. The lack of any meaningful pullback this afternoon sets the stage for a test of resistance in the 1.3465/70 area early next week ...

US: Roundup of Economic Indicators Through December 3

Posted:

By Kevin Kastner WASHINGTON, December 3 (MNI) - Nonfarm payrolls posted a much smaller increase in November than analysts had expected, with seasonally adjusted decline ...

Think it was choppy this week? It’s gonna get worse

Posted:

Now that the bulk of the important US data is out of the way, the market is only going to get thinner and choppier. You have too choices: Trade like a chihuahua, jumping in and out of the markets opportunistically or taking smaller than normal positions with wider than normal stops, ...

test

Posted:

US Budget Experts: Early Next Year Critical For Fiscal Policy

Posted:

--Analysts Await Budgets of Pres. Obama, Rep. Ryan, Sen. Conrad --Experts Say New Reports Show Severity of Problem, Outline Solutions --Concord Coalition's Bixby: 'We'll Know By March' If Budget Deal Looms By John Shaw WASHINGTON (MNI) - When it comes to budget politics in the United State, only the foolhardy ...

US DATA: OTS Q3 Thrift Performance report says the…

Posted:

US DATA: OTS Q3 Thrift Performance report says the industry had $1.77b profits, marking the fifth consecutive quarter of profitability, vs $1.49b in Q2 and $1.24b in Q3:2009. Q3 incl $2.12b added to loan loss provisions and 93.1 percent of the industry reported capital exceeding well-capitalized standards. Only seven thrifts ...

EU determination to defend euro has halted speculation- Portuguese PM

Posted:

Nonsense! The EU is toothless and the reforms put in place are as malleable as tin. The ECB defended the euro with no help at all from the politicians.

10-yr note back above 3.00%

Posted:

It took a few hours but the US 10-year note has lost most of its gains on the day is is back above the 3.00% late in the session. More evidence that the market is looking past today's weak US employment report as an aberration. EUR/USD is holding onto the bulk ...

US’s Schumer: Hopes Senate Tax-Cut Votes On Sat Clarify Debate

Posted:

--Key Senator Says Many Dems Prefer $1 Million Threshold For Tax Extend --Sen Schumer: White House 'Prefers' $250,000 Threshold --Sen. Schumer: Bush Tax Cuts 'Failed' To Boost Econ, Create Jobs By John Shaw WASHINGTON (MNI) - Sen. Chuck Schumer, the third ranking Senate Democrat, said Friday that the Senate's two ...

US, South Korea reach free trade deal, at last

Posted:

Now that the elections are out of the way, the US can sign its trade deals. Trade unions are opposed to the deals but the US should benefit as South Korea will have to take down barriers to things like US beef and other farm goods. Lord knows the US ...

Could the ECB have its cake and eat it too?

Posted:

Monday at 14:00 GMT the ECB will announce how many bonds they bought this week and the cumulative amount of the program since it began last spring. Normally they then announce a tender to drain the equivalent amount of liquidity from the market that they have added via the bond purchases. ...

Three’s a trend

Posted:

The trendline drawn off the 1.4280 and 1.3785 levels was strengthened today by the stall around the 1.3400 level, the third though of the trendline. While it is clear the euro is in the midst of a retracement of its month-long slide on Irish woes, a break above 1.3400 would signal ...