August 12, 2009 at 6:53 PM EST and written by John Teister
The NZD Food Price Index (change in the price of food and food services) was released much lower than its prior release of 2.8%, at .6%.
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Archived in Economic Statistics, Forex News, Forex Trading
Kiwi Business Manufacturing Index
Written August 12, 2009 at 6:39 PM EST by John Teister
The New Zealand Business Manufacturing Index, which surveys the relative level of business conditions (employment, production, new orders ect.) for manufacturers, came in at 49.7; better than its previous release of 46.5. Despite the positive release, the NZD/USD pair has shown little to no response and is currently trading mid range for the session at .6707.
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Archived in Economic Statistics, Forex News, Forex Trading
August 12 2009 Evening Report
Written August 12, 2009 at 4:26 PM EST by Shawn Powell
Good information on how the US Fed announcement played out and how to trade the markets this evening.
Archived in FXDD Today, Forex News, Video
EURUSD surges back higher as Treasury confirms the winding down of Treasury purchases
Written August 12, 2009 at 3:03 PM EST by Greg Michalowski
The EURUSD moved higher on the slowing of Treasury purchases. The stocks , moving back through the 1.4208. Be careful of the move, however. This is not new news. Watch momentum and 1.4208 level.
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Archived in Forex Trading
USDJPY holds 200 hour MA at the 95.72 level
Written August 12, 2009 at 2:42 PM EST by Greg Michalowski
The pair is in between 100 hour MA at the 96.37 level and the 200 hour MA at the 95.72 level. A break above or below these levels continue to be the trade. 96.15 area is the trendline on the daily chart. Look for seller against this level.
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Archived in Forex Trading
GBPUSD falls below the 1.6500 level and now tests 1.6430
Written August 12, 2009 at 2:38 PM EST by Greg Michalowski
Remember 1.6430 from this morning and yesterday? It is important again. Watch this level for support. A break leads to lower level. Low for the day is 1.6387 and following that 1.6317 remains key target support.
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Archived in Forex Trading
The EURUSD initially falls after the FOMC
Written August 12, 2009 at 2:29 PM EST by Greg Michalowski
The EURUSD has fallen below the 1.4208 level after the FOMC statement. The price is approaching trendline support at the 1.4124 level. Watch this level.
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Archived in Forex Trading
Text from FOMC August Meeting Statement
Written August 12, 2009 at 2:16 PM EST by Greg Michalowski
Release Date: August 12, 2009
For immediate release
Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing but are making progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.
The prices of energy and other commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and…
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Archived in Economic Statistics, Forex News
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