This is the earliest look at vital consumer spending data;
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity;
Sunday, July 3, 2011
Monday, June 27, 2011
Make sure the Fed will remain the largest buyers of treasury
Make sure the Fed will remain the largest buyers of treasury
28/Jun/2011 06:50
The Fed sure will remain the largest buyers of treasury even after
program of quantitative easing (QE2) ends.
The U.S. central bank is currently using the balance sheet at $ 2.86 trillion to keep interest rates remain low.
Program purchases worth $ 600 billion, which is known as the QE2 which will expire, And the Federal Reserve plans continue to buy Treasury debt with maturity of current items. This means that the purchase of as much as $ 300 billion in government debt over the next 12 months without having to add money into the financial system.
Injek Central Bank has a fund of $ 2.3 trillion into the financial system of the country after the company experienced bankruptcy of Lehman Brothers in September 2008
By: Team Campus Trader - Seputarforex.com
28/Jun/2011 06:50
The Fed sure will remain the largest buyers of treasury even after
program of quantitative easing (QE2) ends.
The U.S. central bank is currently using the balance sheet at $ 2.86 trillion to keep interest rates remain low.
Program purchases worth $ 600 billion, which is known as the QE2 which will expire, And the Federal Reserve plans continue to buy Treasury debt with maturity of current items. This means that the purchase of as much as $ 300 billion in government debt over the next 12 months without having to add money into the financial system.
Injek Central Bank has a fund of $ 2.3 trillion into the financial system of the country after the company experienced bankruptcy of Lehman Brothers in September 2008
By: Team Campus Trader - Seputarforex.com
Sunday, June 19, 2011
Economic Calendar
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Monday, Jun 20, 2011
Tuesday, Jun 21, 2011
Wednesday, Jun 22, 2011
Thursday, Jun 23, 2011
Friday, Jun 24, 2011
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EUR/USD Weekly Outlook from http://www.actionforex.com/action-insight/eurusd-outlook/
EUR/USD Weekly Outlok
EUR/USD dropped to as low as 1.4073 last week but rebounded strongly from there. The break of 1.4320 resistance argues that fall from 1.4695 has finished already. The development also suggest that price actions from 1.4939 could indeed be consolidation only, in form of triangle. Initial bias is mildly on the upside this week for upper trend line resistance (now at 1.4612) first. Further break of 1.4695 resistance will be the first signal of up trend resumption for another high above 1.4939. On the downside, though, below 1.4073 will flip bias back to the downside for 1.3969 and below instead.
In the bigger picture, EUR/USD is still trading above medium term trend line support from 1.1875 (now at 1.3606) and thus, rise from there should still be in progress. We'd continue to favor the bullish case that correction from 1.6039 has completed with three waves down to 1.1875 already and. Above 1.4938 will target 1.5143 resistance first. Break will affirm the bullish case of long term up trend resumption for another high above 1.6039. However, sustained trading below the mentioned trend line support will indicate that there should at least be one more medium term decline, possibly for below 1.1875, before correction from 1.6039 completes.
In the long term picture, correction from 1.6039 might have completed at 1.1875 already. Meanwhile, up trend from 2000 low of 0.8223 might be resuming. Break of 1.5143 resistance will affirm this case and should pave the wave through 2008 high of 1.6039 to 61.8% projection of 0.8223 to 1.6039 from 1.1875 at 1.6705.
Euro Recovers Hope For The Greek bailout deal (June 18)
Euro Recovers Hope For The Greek bailout deal (June 18)
18/Jun/2011 04:44
The dollar fell against the euro after the single currency appears in the European session as investors sighed with relief that the political leaders appear more European Union agreed on a way to help Greece's debt burden.
The euro rose to $ 1.4290, up from previous levels at $ 1.4197. The plan behind the Greek rescue plan is that everything possible be done to keep the Greeks in the eurozone. But Greece may find that their prospects look better if they saw a decade ago by the Argentine default and devaluation.
Japanese yen and Swiss franc tend to benefit when investors want to survive, while the British pound could benefit along with risky assets like stocks and commodities.
The euro rose about 0.5% versus the Swiss franc and 0.1% against the yen. Against the Japanese yen, the dollar slumped to as low as 80.08 yen, compared with the previous level at 80.58 yen. British pound rose to $ 1.6169 from $ 1.6152 at the previous level.
18/Jun/2011 04:44
The dollar fell against the euro after the single currency appears in the European session as investors sighed with relief that the political leaders appear more European Union agreed on a way to help Greece's debt burden.
The euro rose to $ 1.4290, up from previous levels at $ 1.4197. The plan behind the Greek rescue plan is that everything possible be done to keep the Greeks in the eurozone. But Greece may find that their prospects look better if they saw a decade ago by the Argentine default and devaluation.
Japanese yen and Swiss franc tend to benefit when investors want to survive, while the British pound could benefit along with risky assets like stocks and commodities.
The euro rose about 0.5% versus the Swiss franc and 0.1% against the yen. Against the Japanese yen, the dollar slumped to as low as 80.08 yen, compared with the previous level at 80.58 yen. British pound rose to $ 1.6169 from $ 1.6152 at the previous level.
Dollar Traders Balance Liquidity Concerns against Fed Rate Decision
Dollar Traders Balance Liquidity Concerns against Fed Rate Decision
Jun 18, Sat 09:13 - Source : DailyFX.comDollar Traders Balance Liquidity Concerns against Fed Rate Decision Euro Struggle for Relief with Greece, Moody’s Raises a Red Flag on Italy British Pound at the Mercy of Stronger Cross-Pair Trends Japanese Yen: Performance Based on Direction and Source of Risk Trends New Zealand Dollar Faces another Update on Earthquake Influence Canadian Dollar Holding Strong as Rate Expectations, US Oil Drop Gold Advances after IMF Warns of Greek Contagion Risk, Lowers US Growth Outlook
Dollar Traders Balance Liquidity Concerns against Fed Rate Decision
The greenback ended this past week on a notably-weak footing. Though it would be a tidy explanation to simply assign responsibility for the biggest drop in two weeks on the weaker-than-expected reading from the University of Michigan’s consumer sentiment survey, that would ignore the true fundamental currents behind the market. The true culprit behind the stumble is the same that sparked the rally earlier in the week: the global implications of Greece’s financial ‘situation’. When news of the EU member’s political troubles hit the wires Wednesdays, the financial ripples spread quickly as investors scrambled to hedge their exposure to risky European exposure and subsequently taxed the market’s liquidity for short-term funding. This panicked demand for access to capital is the same leverage that pushed the dollar to its heights during the 2008, global financial crisis. Yet, when the need for safety flags, so too does the appetite for the greenback. And, despite the pullback after mid-day through the New York session, equities put in for a positive close for the week; while the euro climbed against most of its counterparts. Through this rebalancing effort, the Dow Jones FXCM Dollar Index found dropped 0.7 percent to close at 9,598.
Heading into the new trading week, the same themes will likely remain the dollar’s primary source of direction and momentum. For guidance, the traditional S&P 500 as our benchmark risk appetite will still be the favored barometer. However, to derive a true sense of strength for the dollar; we’ll need to establish the source and quality of sentiment. Improvements in risk appetite will generally have the same result for the currency – losses. It is the potential in failing sentiment that requires careful contemplation. Since liquidity is the dollar’s true allure; we need to keep an eye on the very stability of the financial and funding markets. Measures of volatility (which work well to gauge panic as well as the rates for insurance) and benchmarks for overnight funding are the best indications of dollar strength.
This underlying, fundamental concern aside the economic docket carries a significant round of growth-related indicators (durable goods orders, new and existing home sales); the only event to carry a substantial weigh for the FX market is the FOMC rate decision. Last month, the Fed held rates unchanged (as was fully expected) and Chairman Bernanke delivered his first press conference. These meetings were intended to be quarterly updates; so we shouldn’t expect anything more than the statement. On the other hand, this is the last meeting before QE2 is scheduled to expire. Traders, investors, economists and policymakers will all watching closely to see if there is any mention of the central bank’s plans to increase or work down its extraordinary stimulus going forward. Very early plans for a withdrawal could very well be discussed.
Monday, June 13, 2011
FOREX: US Dollar to Pull Back on Waning Safe-Haven Demand
FOREX: US Dollar to Pull Back on Waning Safe-Haven Demand
Jun 13, Mon 14:31 - Source : DailyFX.com Overnight Headlines
NZ Dollar Slumps as Earthquake Weighs on Rate Hike Bets Canadian, Aussie Dollars Gain on Chinese Monetary Data Critical Levels
| CCY | SUPPORT | RESISTANCE |
| EURUSD | 1.4263 | 1.4491 |
| GBPUSD | 1.6169 | 1.6442 |
The Euro was little changed overnight, tracking sideways in a choppy range above 1.43 to the US Dollar. Likewise, the British Pound consolidated below 1.6250 to the greenback. We continue to look for EURUSD selling opportunities and have entered long USDCAD as a risk aversion play.
Euro Session: What to Expect
| GMT | CCY | EVENT | EXP | PREV | IMPACT |
| 8:00 | EUR | Italian Industrial Production s.a. (MoM) (APR) | 0.2% | 0.4% | Low |
| 8:00 | EUR | Italian Industrial Production w.d.a. (YoY) (APR) | 2.4% | 3.1% | Low |
| 8:00 | EUR | Italian Industrial Production n.s.a. (YoY) (APR) | 2.0% | 0.8% | Low |
The economic calendar is of little significance on Monday with no market-moving data set cross the wires in Europe or the US, paving the way for sentiment trends to dominate as the key driver of currency market price action. With that in mind, S&P 500 stock index futures are pushing higher, hinting at swelling risk appetite on Monday and pointing the way lower for the safe-haven US Dollar.
The reversal’s staying power is suspect however, with current price action representing a correction amid a lull in headline event risk after heavy selling over the preceding two weeks. Indeed, fears of global economic slowdown in the second half of the year no less significant, with sellers poised to find a new reason to push risky assets lower with the US expected to report the first decline in Retail Sales in 11 months on Tuesday.
Asia Session: What Happened
| GMT | CCY | EVENT | ACT | EXP | PREV |
| 23:50 | JPY | Machine Orders (MoM) (APR) | -3.3% | 1.7% | 1.0% |
| 23:50 | JPY | Machine Orders (YoY) (APR) | -0.2% | 4.9% | 9.1% |
| 2:00 | CNY | New Yuan Loans (MAY) | 551.6B | 650.0B | 739.6B |
| 2:00 | CNY | Money Supply - M0 (YoY) (MAY) | 15.4% | - | 14.7% |
| 2:00 | CNY | Money Supply - M1 (YoY) (MAY) | 12.7% | 13.7% | 12.9% |
| 2:00 | CNY | Money Supply - M2 (YoY) (MAY) | 15.1% | 15.5% | 15.3% |
| 3:00 | NZD | REINZ Housing Price Index (MAY) | 3186.2 | - | 3245.4 |
| 3:00 | NZD | REINZ Housing Price Index (MoM) (MAY) | -1.8% | - | 1.1% |
| 3:00 | NZD | REINZ Housing Price Index (YoY) (MAY) | 10.8% | - | -4.2% |
The New Zealand Dollar slumped in overnight trade - down against all of its major counterparts – after a magnitude 5.5 earthquake struck the city of Christchurch just four months since a 6.3-level tremor wounded the city. That quake spurred the Reserve Bank of New Zealand to cut benchmark interest rates by 50 basis points to bolster the economy through the rebuilding effort, and traders speculated that today’s disaster would bring more of the same.
Meanwhile, the Canadian and Australian Dollars outperformed after China’s New Yuan Loans unexpectedly tumbled to 551.6 billion in May while growth in the broadest measure of the Money Supply (M2) slowed more than forecast, raising hopes that Beijing may relax its heretofore aggressive drive to slow the economy to rein in inflation. China is the world’s second-largest economy and a key importer of commodities so a reduced need to further restrict monetary conditions offered an understandable lift to the currencies of raw materials exporters.
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