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Posted Yesterday at 10:54 AM by Sean Hyman (News in 60 Seconds)
Biggest % gainers: USD/CAD up 0.78%, USD/CHF, EUR/GBP, EUR/CAD ...mild USD and EUR strength.
Biggest % losers: GBP/USD down 1.04%, GBP/JPY, AUD/uSD, NZD/USD, AUD/JPY ...so lots of GBP weakness and some mild commodity dollar weakness.
Gold: $1,139
Oil: $ 76.84 weakening...
Stocks and commodities fell after European Central Bank President Jean-Claude Trichet said policy makers will withdraw emergency cash gradually and Dell Inc.’s earnings trailed analysts’ estimates.
JPY kept interest rates unchanged at 0.10% as expected (overnight). Here's what they said: http://www.reuters.com/article/marke...26704920091120
Sean Hyman
DailyFX Forum Moderator...
Tags: currency, dailyfx, ecb, forex, fxcm, gainers, gold, interest rates, jpy, losers, oil, sean hyman, trichet
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Posted 11-19-2009 at 10:13 AM by Sean Hyman (News in 60 Seconds)
Biggest % gainers: USD/CAD up 1.14%, AUD/NZD, USD/CHF, EUR/CAD, EUR/CHF ...so USD strength and some CHF weakness.
Biggest % losers: NZD/USD down 2.23%, AUD/JPY, CHF/JPY, GBP/JPY ...huge NZD weakness, strong JPY strength
Why the huge NZD weakness? The Labour Party in New Zealand no longer supports the primary objective of their central bank, which is to fight inflation. They want "price stability" as well now.
So this political clash with the central bank is the reason the NZD is tanking: http://www.bloomberg.com/apps/news?p...d=aBsTY4j7BbNo
Reason for CHF weakness: http://www.bloomberg.com/apps/news?p...d=aa42ALFyep8c
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Tags: commodities, currency, dailyfx, dailyfx forum moderator, dollar, forex, fxcm, geithner, gold, kiwi, labour party, new zealand, nzd, oil, sean hyman, unemployment claims
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Posted 11-18-2009 at 02:47 PM by Sean Hyman (News in 60 Seconds)
Speculator84 has had some amazing insights on gold...its advances and its corrections.
He really takes a lot of time studying it out. He gives very accurate depictions of what he sees on the charts and usually what he sees coming as well.
For the last month or two, his insights have been very accurate ever since he's been posting on that forum.
So, thanks to speculator84 and his awesome work in our commodities forum: http://forexforums.dailyfx.com/commo...tml#post383918
Sean Hyman
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Posted 11-18-2009 at 09:43 AM by Sean Hyman (News in 60 Seconds)
Biggest % gainers: EUR/GBP up 0.68%, EUR/USD, CHF/JPY, EUR/JPY... mild euro strength, mild jpy weakness.
Biggest % losers: GBP/CHF down 0.72%, USD/CHF, AUD/CHF ... mild pound weakness, mild CHF strength.
Why the pound is pulling back: The pound fell against the euro after minutes from this month’s Bank of England meeting showed policy makers split three ways on whether to extend their debt- buying plan and discussed cutting the deposit rate on reserves.
European stocks up mildly at the moment.
Oil $79.82
Gold $1,150 (which was the minimum price target of the triangle breakout on the daily chart. Can run further..but minimum has been reached).
GBP MPC Meeting...
Tags: all time high, aud, boe, bond, building permits, cpi, dailyfx, debt, fxcm, gbp, gold, housing starts, monthly bulletin, purchase, rba, sean hyman
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Sean Hyman has close to 17 years experience as a stockbroker, manager, and trader. He became interested in the financial markets at a young age and decided to work for Charles Schwab in Orlando, FL. He later went on to run a technical analysis “call in” line for their million dollar + clients and active traders. Through the years, he’s refined his trading approach through the use of fundamental/technical analysis and intermarket analysis. He currently works in the FXCM Dallas office.
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