| Action Insight Mid-Day Report | Dollar Sold off after NFP Disappointment Dollar spikes lower after Non-Farm Payrolls shocked the market by showing -85k contraction in December. Nevertheless, November's data was revised up to 4k, which was the first expansion since Jan 2008. Unemployment rate was unchanged at 10.0%. The Japanese yen is mildly higher on risk aversion. Also released in US session, Canadian job market unexpectedly contacted by -2.6k in December but unemployment rate was unchanged at 8.5%. Full Report Here... | | Special Report | 2010 Currency Outlook: USD After strong rallies in 2008 and early 2009, USD peaked in March. In order to combat the worst recession since the World War II, the Fed reduced the policy rate to an unprecedentedly low level and implemented a series of quantitative easing policies. The 'twin deficits' problem (current account and fiscal deficits) has put USD's status as the reserve currency at risks and triggered investors to dump the currency. Worries about the dollar's future as well as increase in risk appetite as global economic outlook recovered later in 2009 brought the greenback to extremely low levels. Full Report Here... | | Featured Technical Report | Market Highlights | GBP/USD Mid-Day Outlook Daily Pivots: (S1) 1.5865; (P) 1.5962; (R1) 1.6028; More GBP/USD's strong rebound and break of 1.6057 resistance suggests that pullback from 1.6237 has completed at 1.5896 already. Whole rebound from 1.5829 is possibly resuming and intraday bias is flipped back to the upside for 100% projection of 1.5829 to 1.6327 from 1.5896 at 1.6304. But upside should be limited below 61.8% retracement of 1.6875 to 1.5829 at 1.6475 and bring fall resumption. On the downside, below 1.5896 will flip intraday bias back to the downside for retesting 1.5829 support. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | GBPCAD | 1.6625 | 1.6480 | +145 | +0.87% | | GBPUSD | 1.6069 | 1.5932 | +137 | +0.85% | | CADJPY | 89.46 | 90.20 | -74 | -0.83% | | USDJPY | 92.57 | 93.33 | -76 | -0.82% | | EURCAD | 1.4881 | 1.4797 | +84 | +0.56% | Last Updated: Jan 08, 14:25 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 08, 14:25 GMT | | Economic Indicators Update | | GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 05:00 | JPY | Leading Index Nov P | 91.2 | 91.2 | 89.7 | 89.4 | | 06:45 | CHF | Unemployment Rate Dec | 4.20% | 4.20% | 4.10% | | | 07:00 | EUR | German Trade Balance (EUR) Nov | 17.4B | 12.4B | 13.6B | 13.4B | | 09:30 | GBP | PPI Input M/M Dec | 0.10% | -0.20% | 0.10% | | | 09:30 | GBP | PPI Input Y/Y Dec | 6.90% | 6.50% | 4.00% | | | 09:30 | GBP | PPI Output M/M Dec | 0.50% | 0.20% | 0.20% | | | 09:30 | GBP | PPI Output Y/Y Dec | 3.50% | 3.10% | 2.90% | | | 09:30 | GBP | PPI Output Core Y/Y Dec | 2.60% | 1.90% | 2.00% | | | 10:00 | EUR | Eurozone GDP Q/Q Q3 F | 0.40% | 0.40% | 0.40% | | | 10:00 | EUR | Eurozone GDP Y/Y Q3 F | -4.00% | -4.10% | -4.10% | | | 10:00 | EUR | Eurozone Unemployment Rate Nov | 10.00% | 9.90% | 9.80% | 9.90% | | 11:00 | EUR | German Industrial Production M/M Nov | 0.70% | 1.10% | -1.80% | -1.70% | | 12:00 | CAD | Net Change in Employment Dec | -2.6K | 20.0K | 79.1K | | | 12:00 | CAD | Unemployment Rate Dec | 8.50% | 8.50% | 8.50% | | | 13:30 | USD | Change in Non-Farm Payrolls Dec | -85K | 0K | -11K | 4k | | 13:30 | USD | Unemployment Rate Dec | 10.00% | 10.00% | 10.00% | | | 15:00 | USD | Wholesale Inventories Nov | | -0.30% | 0.30% | | | | Suggested Readings | Fundamental Highlights Technical Highlights | | | Forex Brokers | | | Sponsors | 
Don’t miss out on The New York Traders Expo in February 14-17, 2010
at the Marriott Marquis Hotel. This is the ultimate opportunity to meet face-to-face with industry leaders, test out the hottest products and software, and pick up trading ideas and strategies you can implement immediately to increase your percentage of profitable trades! Register FREE by calling 800/970-4355 and mention priority code 016301 or go to The New York Traders Expo 
| |
No comments:
Post a Comment