Sunday, 2 October 2011

EURUSD and EURGBP Offer Immediate Trade Potential Next Week

Forex Market News

EURUSD and EURGBP Offer Immediate Trade Potential Next Week

Sat Oct 01 00:49:00 GMT 2011 | By John Kicklighter Currency Strategist
The week, month and quarter close brought a surprise drop in risky assets and the euro. In fact, for EURUSD and EURGBP, the last-minute drop positioned both pairs on the verge of major breakouts.

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Daily Briefings
Currency Strategist John Kicklighter
Currency Strategist
John Kicklighter

Dollar Traders Won’t Wait Until Friday NFPs to Find Volatility, Trend

Though it was an extremely choppy performance, the dollar did well this past week. The greenback advanced against all its major counterparts with the exception of the British pou... Read more
Commodities
Currency Strategist Ilya Spivak
Currency Strategist
Ilya Spivak

Crude Oil, Gold Appear to Have Resumed Post-FOMC Down Trends

Crude oil and gold prices appear to have resumed their post-FOMC down trends having corrected higher earlier in the week.
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Trading the News

EUR/USD: Trading the U.S. ISM Manufacturing Report

The ISM Manufacturing index is expected to weaken for the third consecutive month in September, and the report could weigh on the exchange rate as it reinforces a weakened outlook...
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Key Forex Events This Week

Relatively Quiet Week in Terms of Scheduled Event Risk

Mon Sep 26 04:00:00 GMT 2011
Christopher Vecchio Junior Currency Analyst
After a week littered with significant data releases, the last week of September is relatively quiet, and price action will be dictated by broader sentiment and developments out ...
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Latest Market Strategy

Guest Commentary: Oil Prices – Daily Outlook 09.30.2011

Oil prices are likely to end the week slightly recovering from the sharp falls they have endured last week. Oil along with the US stock market rose during most of the week.

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Economic Calendar

Index Value   Change % Change
Gold 1,620.40   4.90 0.30%
Oil 79.20   -2.94 -3.58%
S&P 500 1,131.42   -28.98 -2.50%
Dow* 10,992.20   -129.10 -1.16%
Nikkei 8,700.29   -0.94 -0.01%
FTSE 100 5,128.48   -68.36 -1.32%
DAX 30 5,502.02   -137.56 -2.44%
Brent 102.76   -1.19 -1.15%
UST 2Y YLD 0.24   0.00 0.00%
UST 10Y YLD 1.92   0.00 0.00%
*End of day data Powered by Wikinvest

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Currency Central Bank Rate Overnight Rate
audaud 4.75% 4.83%
nzdnzd 2.50% 2.82%
eureur 1.50% 1.49%
gbpgbp 0.50% 0.92%
cadcad 1.00% 1.18%
usdusd 0.25% 0.36%
chfchf 0.00% 0.01%
jpyjpy 0.10% 0.19%

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