Sep 20, 2011

Forex Crunch Leverate Introduces Improved Client Reporting Interface

Forex Crunch Leverate Introduces Improved Client Reporting Interface

Leverate Introduces Improved Client Reporting Interface

Posted: 20 Sep 2011 02:43 AM PDT

Leverate, which provides tools for forex brokers, launches significant upgrades to the client interface integrated with MT4 and other platforms in their Private Label offerings.

The company, which got an investment from Saxo Bank, continues to work hard to enahcne their products. Leverate hopes that this new interface will allow liquidity providers to become more lucrative and forex brokers will enjoys better spreads.

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EUR/USD Sep. 20- Recovering in Range From Italian Downgrade

Posted: 20 Sep 2011 02:36 AM PDT

Euro dollar managed to recover from the downgrade of Italy by S&P and is trading higher within the range, that is becoming more clear. Hopes for a resolution between the “troika” and Greece help the euro, while other worrying news from Germany and France is currently on the sidelines. We have some important data from the US, as tension towards the FOMC decision mount.

Here's a quick update on technicals, fundamentals and what's going on in the markets.

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Dithering has a price

Posted: 20 Sep 2011 12:30 AM PDT

After yet another weekend gab-fest by European leaders which generated a lot of opinion but no real action, the euro was under renewed assault on the first day of the new week. Evident once again was more contrasting opinions from various European officials ahead of last night's critical conference call between Greece and their creditors. ECB Governing Council member Weidman was particularly circumspect, claiming that the planned EFSF expansion created the wrong incentives for those countries receiving aid to rectify their poor national balance sheets, and that from his perspective there were few signs of either a more co-ordinated fiscal policy or a fiscal union.

Quite rightly, Weidman opined that the July 21 agreement on the EFSF was a further step towards joint liability without any commensurate strengthening of national fiscal affairs. The single currency slipped again overnight after S&P announced that they were lowering Italy's credit rating from A+ to A, with a negative outlook. Amongst their concerns, S&P cited Italy's enormous debt burden, a 'fragile' government and poor growth prospects. Against the backdrop of renewed risk repulsion, the EUR is back at 1.36, the Aussie is below 1.02, the DAX lost another 3%, and 10yr Bund yields were another 12bp lower at 1.75%.

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Forex Daily Outlook – September 20 2011

Posted: 19 Sep 2011 01:22 PM PDT

US Building Permits and the Euro-Zone German ZEW Economic Sentiment are the most important events today. Here are the main events lined up.  

In the US, Building Permits, excellent indicator for the upcoming construction activity, measures monthly permits issued for the new residential houses, stabilize on 0.60M. Meanwhile on the Housing Starts (new housing that began building) a small reduce is expected from 0.60M on August to 0.59M.

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USD/JPY and GBP/JPY Under Bear Pressure

Posted: 19 Sep 2011 01:13 PM PDT

USDJPY: Bearish, Weakness Pressures the 75.92 Level

USDJPY: With a follow through lower on the back of its past week gains now seen, further weakness is now envisaged towards the 75.92 level, its 2011 low.

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How will this Greek tragedy come to an end?

Posted: 19 Sep 2011 06:52 AM PDT

With key European officials in crucial talks with the Greek government at the start of this week, the next round of Greek bailout funding is firmly in focus.  The Greek situation has prompted some serious discontent from European voters, and this was perfectly expressed in Germany where Angela Merkel is beginning to feel the heat. 

Merkel’s Christian Democrats experienced another crushing electoral loss in the German state elections this weekend, which created more political uncertainty surrounding the future of the euro – not to mention Merkel's own shelf-life as leader of the German government.

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EUR/USD: Trading the German ZEW Economic Sentiment Index

Posted: 19 Sep 2011 06:15 AM PDT

The German ZEW Economic Sentiment Index is based on a monthly economic survey of economists and analysts and their views of the German economy. A higher reading than the previous month signals growth and bodes well for the Euro, while a lower reading could send the Euro downwards.

Here are all the details, and 5 possible outcomes for EUR/USD.

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