Top Forex Reviews

Looking for the top forex reviews? Yes! U came to the right place!

Daily Forex View- 00:00 GMT- 26 July 2011 Far East-Europe

Posted by Olivia Carrodus On July - 24 - 2011 0 Comment

 

 

  • Marketmoving items may include: GB GDP, US New Homes Sales, Conference Board Confidence, 2yr Auction..

  • Financial markets remain focused on the political debate in the U.S. between the administration and the House Republicans. House Republicans are using debt limit debate to force politicians to address longterm budget deficits, while the administration wants to defer budget discussions  until after the next election. There’s no telling when an agreement will be reached.

  • Moody’s downgraded Greek debt to CA from CAA1. This is one notch above their lowest possible rating. Moody’s says it expects substantial losses for Greece private creditors, with private holders virtually certain to incur losses. The EUR was heavy all day. Japan is very worried about the weakness of USDJPY. 80.00  remains a line in the sand. Reportedly the 85.00 level is the key price for the critical auto industry.

  • 10yr bund yield 2.78% . That suggests EZ contagion risk worry..

Forex pairs vs 2yr note spreads


   Forex   #REF!     GBP vs. 20:14 EUR 1.4374 3 JPY 112.58 18 JPY 127.47 51 GBP 1.6275 36 GBP 88.32 21 CHF 131.19 207 CHF 0.8061 109 CHF 1.1587 154 CHF vs.     JPY 78.32 14       JPY 97.16 112

Some traders focus intently on the Japan vs. U.S. 2yr note spread .

COMMODITIES and Commodity Currencies


   Commodity         20:14 CAD 0.9460 31 AUD 1.0846 7 Gold 1613 11.13 CNY 6.4445 24 NZD 0.8647 2 WTI 99.11 0.73

EQUITIES & INTEREST RATES

Bonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up , the return and allure of risk trades such as equities falls. 


   Equities           20:14 NIK 10050 82 DAX 7345 18 DJIA 12593 91 HSI 22293 152 FTSE 5925 10 S&P 1337 8 SSEC 2898 0 SMI 6519 0 NAS 2843 18 ASX 4530 73       TSE 13441 59

See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for uptodate market developments and technical trading ideas.

The information upon which Global Viewpoint, Inc. Bases its Forex analyses is obtained from sources it believes are reliable, but Global Viewpoint, Inc. Does not guarantee the accuracy, reliability, timeliness or completeness of any of the information, content, views, opinions, recommendations or services, contained on, distributed through, or linked, downloaded or accessed from any of the services contained on the GlobalView site, and use of the information provided on this web site is at your sole risk. GlobalView specifically represents that it does not give investment advice or advocate any purchase, sale or trade. 

Opinions expressed on the forum pages are not necessarily those of Global Viewpoint, Inc. In using the forums you should not assume that any messages provided have been reviewed by Global Viewpoint, inc., or that such communications contain correct information, Global Viewpoint, Inc. Disclaims any warranty, whether express or implied including, without limitation, warranties of merchantability and fitness for a particular purpose, with respect to the service or any materials and products. None of the materials presented on our web site are to be regarded as investment advice. 

In no event shall Global Viewpoint, Inc. And other information providers, be liable for direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever, with respect to the service, the materials and the products.

Similar Posts:

Share