forex robot - 01/09/2010 Daily Review

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Little response was recorded following the publication of minutes of the Fed at its meeting in August, due to the sequence of the speeches of Chairman Bernanke revealed the contents of the protocol in advance. Bernanke's speeches matched the record pointed to the fact that growth has slowed in recent months.


Throughout the month of August there has been no meaningful movement stable buyers, despite the lack of willingness to buy yesterday, the wave was recorded at the end of modest purchases this month. The buyers were able to push the indices increases raised the average trading volumes over the last period.


However, even this wave was not stable enough, and managed to drag most of the investors, who preferred to sit on the fence and did not want to jump back to the stock market, especially for the employment report on Friday. Caution for the data Friday sent the index to crawl back down until the end of the trading day flat.


A glance at the data we get today with the publication of change in the number of jobs by ADP company that produces pay slips to private companies.


As a continued decline in stock markets (indices dropped three of four months) because of the increase investors' concerns and expectations for the employment figures, investors continue to pump money from the stock market bond market, while they send the bond prices and yields to the sky (the bond interest rate derivative ) new base. return on government bonds fell to 10 years closer to 2.4770% Bi low 2.42% annual


Data from Australia and China are good night sent the indices in Asia rises goals. Australia introduced a large growth in demand expected in light of immigration from China and other countries in Asia, where growth jumped to 1.2% against expectations of 0.9% only. Meanwhile, China's Purchasing Managers Index rose to 51.7 to 51.6 against the expectation of an earlier reading of 51.2. Although the increase is not large, but it heralds at least stop the slowdown in companies.




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Dow Jones closed 0.05% owner of the 10 015 gate and finished the month decline of 4.31%


Nasdaq closed 0.28% decline of the cover of 2114 and ended the month decline of 6.25%



S & P 500 closed 0.01% decline of the cover of 1049, ending the month's 4.80% decline



Dax closed 0.22% owner of the cover of 5925 and ended the month decline of 3.63%



Potts closed the owner of 0.45% on the cover of 5225 and ended the month decline of 0.62%



Nikkei traded owner of 1.00% on the cover of 8912 and ended the month decline of 6.85%




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Preparations for publication of the employment report on Friday in the U.S. underway, investors are improving positions and entering on alert. Today we will look ahead and think about data from ADP employment report that prints coupons company hired private companies. In light of the swing of temporary employment by the U.S. government for census, investors search for a given private-sector jobs and a significant proportion will figure large. Therefore forecast by ADP relatively high significance of the month.




Table data today includes:
09:00 German retail sales.
09:30 change in commodity prices in Australia.
10:30 PMI Switzerland.
11:00's PMI manufacturing sector in Europe.
11:30's PMI manufacturing sector in England.
15:15 change in employment in the private sector non-farm ADP by the U.S. company.
17:00's PMI manufacturing sector spent U.S. Construction
17:30 U.S. oil stocks.





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EUR / USD
Another month of falling stock markets and led to the rate closed the month of declines against the dollar. Euro falls to break led to the average back to the delete about half the 100 monthly increase in July (the big declines course correction). With important macro data Thursday and Friday rate is currently at present, according to the mood of investors can go for low or a new record, but patience is required to detect the development of the next trend. Rate ended the last owner of 0.21% on the cover of 1.2690, expect today: See Graph A.



GBP / USD
Pound could not keep the long-term average of breaking 20 monthly, it performed last month, closed the month below the average 20, and yesterday also broke the 200 daily average. At this stage it appears that the pound will decline, but the sequel depends on developments at the scene of the dollar (mainly against Euro) share indices. If data will be better weekend Euro exchanges will begin to get the pound would join the celebration despite breaking down, but all across the state will lead to a surprising optimism for further declines. The pound finished the last drop of 0.72% on the cover of 1.5349, expect for the day: see graph in



USD / JPY:
The pair keeps close to alarming lows many years moving around the 84 dollar wine. Waiting position due to fears investors snap into positions prior to the weekend data from a position of waiting leading indicators over the strong technical support lines. Ahkorolcia (connection) between the pair exchanges is high, so it is likely that the pair will react similar to what is happening on the exchanges. Dollar finished yesterday's 0.44% decline of 84.18 Gate, Forecast for today: See Graph C



USD / CAD:
The Canadian dollar weakened in light of declines in world oil prices. Canadian dollar weakening the pair raised the technical resistance levels, the big question is whether the pair has enough momentum to break through those levels? In light of investors' unwillingness to enter a long position, there is likely to pair will continue his long shuffle (in the range of 1.01 to 1.07 in four months). Yesterday, the dollar finished the owner of 0.46% on the cover of 1.0645, forecast for today: See Graph D.



Gold:
Increase investors' concerns and expectation preparation for U.S. employment figures sent the gold to continue strengthening. Continued rise in gold stands out, especially in light of the stock markets anemia and lack of willingness of investors to enter positions. Purposefully cheat gold approaching all time high, but at this level will be dependent on the renewal, the sequel falls receiving stock markets are not good macro data. gold finished yesterday the owner of 0.89% on the cover of $ 1,247 per ounce, forecast for today: Continue on toward $ 1,260 an ounce



Oil;
Oil fell below $ 72 a barrel, given preliminary data indicate that the levels of demand going down parallel to the existence of full high. Much of the drop in oil demand due to slowdown in private consumers. Therefore, the monthly employment figures published on Friday expected to have a great impact on the price of oil, because the more employees, so consumers have more purchasing power and hence the demand exceeds (or at least demand exceeding expectations). Due to the waiting position where the market is unlikely that oil would break the barrier of the $ 70 down, but left to fix up. Forecast for today: on the $ 74.10

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