Our Daily Research Meeting, Have Fun.
Fundamentals :
http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://online.wsj.com/article/SB1000...861436906.html
Important
-Serious traders do their homework, this article is extra important for the next month, ignore it at your own risk.
http://projects.wsj.com/fed-statement-tracker/
For those of you who want to take the course mentioned before look at how the PROS do it, Steve gave us this as homework last month and as mid term exam so you should see the importance of it.
Summary :
-The dollar was somewhat higher against other key currencies on Thursday after the FOMC offered a largely-as-expected statement on its easing measures.
-Dollar lifted by Fed Twist extension.
-Bernanke Signals More Easing Likely If Job Growth Falls Short of Fed Goals.
-New Greek coalition government agreed
USD
"The continuation of Operation Twist “should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative."
- Federal Open Market Committee-
Technicals :
EUR/USD is underpinned by 1.2597
“The G20 summit was another small step in the right
direction but that a lot of details are still missing to feel
confident that the rebound in the euro-dollar could be
extended beyond its recent highs”
- Citi (based on MarketWatch)
GBP/USD retreats from 1.5756/83
“Increased risk appetite has pushed sterling towards its
200-day moving average level at $1.5753. If this continues
the next target would be at $1.6058”
- Hampstead Capital (based on Reuters)
USD/JPY penetrates 79.06/20
“We expect more monetary easing [by the Fed] down the
road. The [U.S.] unemployment rate is still far above its
target and expected to remain above target at least until
2014. What's more, the recovery remains fragile and
uneven”
- Rabobank (based on CNBC)
USD/CHF to slide down
“If job growth doesn’t pick up from the recent soft readings
in the next few months, then the Fed would likely do more
and do a full scale asset-purchase program. They’re
prepared to take further action”
- Barclays Plc (based on Bloomberg)
Daily Calendar : go to FF Calendar to see the most important event , heavy calendar today.
Daily Trading Wisdom :
Discipline
It means learning to enter and exit in response to predefined signals rather than jumping in and out on a whim.
It means doing the right thing, not the easy thing.
Daily Trading Cartoons : The Destructive Focus on Money,The Greatest Enemy of New Traders.
Have a great day guys.
Fundamentals :
http://www.bloomberg.com/news/currencies/
http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://online.wsj.com/article/SB1000...861436906.html
Important
-Serious traders do their homework, this article is extra important for the next month, ignore it at your own risk.
http://projects.wsj.com/fed-statement-tracker/
For those of you who want to take the course mentioned before look at how the PROS do it, Steve gave us this as homework last month and as mid term exam so you should see the importance of it.
Summary :
-The dollar was somewhat higher against other key currencies on Thursday after the FOMC offered a largely-as-expected statement on its easing measures.
-Dollar lifted by Fed Twist extension.
-Bernanke Signals More Easing Likely If Job Growth Falls Short of Fed Goals.
-New Greek coalition government agreed
USD
"The continuation of Operation Twist “should put downward pressure on longer-term interest rates and help to make broader financial conditions more accommodative."
- Federal Open Market Committee-
Technicals :
EUR/USD is underpinned by 1.2597
“The G20 summit was another small step in the right
direction but that a lot of details are still missing to feel
confident that the rebound in the euro-dollar could be
extended beyond its recent highs”
- Citi (based on MarketWatch)
GBP/USD retreats from 1.5756/83
“Increased risk appetite has pushed sterling towards its
200-day moving average level at $1.5753. If this continues
the next target would be at $1.6058”
- Hampstead Capital (based on Reuters)
USD/JPY penetrates 79.06/20
“We expect more monetary easing [by the Fed] down the
road. The [U.S.] unemployment rate is still far above its
target and expected to remain above target at least until
2014. What's more, the recovery remains fragile and
uneven”
- Rabobank (based on CNBC)
USD/CHF to slide down
“If job growth doesn’t pick up from the recent soft readings
in the next few months, then the Fed would likely do more
and do a full scale asset-purchase program. They’re
prepared to take further action”
- Barclays Plc (based on Bloomberg)
Daily Calendar : go to FF Calendar to see the most important event , heavy calendar today.
Daily Trading Wisdom :
Discipline
It means learning to enter and exit in response to predefined signals rather than jumping in and out on a whim.
It means doing the right thing, not the easy thing.
Daily Trading Cartoons : The Destructive Focus on Money,The Greatest Enemy of New Traders.
Have a great day guys.
Attached Image
Master Your Setup, Master Your self. (NQoos)
