EurUsd Market tested 1.3002 low yesterday. On the downside, further weakness will open the way down to 1.2878 January 2007 low. Strong resistance holds 1.2490 Trendline support. Initial support holds 1.2740 this morning low. On the upside, only a return over 1.4000 (former trendline support) and 1.5000 will release actual pressure and may put key initial resistance 1.6000 into focus. Resistance holds 1.4002 former trendline support. Initial resistance holds 1.3769 Tuesday high.
GbpUsd Market dropped 3.68% yesterday at 1.6513. This break of the low triangle pattern (1.7000) did open the way through 1.6568 November 2003 low and 61.8% retracement of 1.36822.1161 advances. Initial support hold 1.5471 August 2003 low. Following supports are 1.4560 trendline and 1.3682 March 2001 low. On the upside, strong resistance holds 1.7631 last weeks high ahead of 1.8304 former support.
UsdJpy Downtrend started in September is still valid having hit 97.91 on Friday 10th October and last week 103.07 rebound which marks initial resistance. On the further upside, recovery over 105 pivot point will put focus again on 108 and 110.67 15th August high. On the downside, renewed pressure may open the way to 95.75 17th March low. Current downtrend will stand below 103 upper trendline resistance.
UsdChf Market posted new high 1.1694 this morning. Further advance may open the way to 1.1895 October 2007 high and strong resistance. On the downside, only weakness below 1.0692, 22nd September low, would undermine the current uptrend and reverse down to 1.0500 and 1.0375. Such a move may look for 1.0013 15th July low in front of 0.9637 17th March low. Initial support holds 1.1246 last week low.
środa, 22 października 2008
piątek, 2 maja 2008
Forex
Forex is an interbank market that was created in 1971 when international trade transitioned from fixed to floating exchange rates. Since then the rates of currencies relative to each other are determined by the most obvious means which is the exchange at a mutually agreed rate.
This market surpasses the others in its volume. For example, the daily turnover of world securities market is estimated at $300 billion, while Forex approaches 1 to 3 TRILLION US dollars in the same amount of time.
However, Forex is not a market in a traditional sense. It doesn't have a fixed location of the trading floor as, for example, futures market does. The trading is done over the telephone and at the computer terminals in hundreds of banks around the world simultaneously.
Futures and securities markets have one more significant feature distinguishing them from Forex, and at the same time restricting them. The trading is suspended at the end of each day and resumed only next morning. Thus, should certain significant developments occur in the USA, the opening of Russian market next morning could quite surprise you, if you're trading there.
Forex is open 24 hours a day, and the currency exchange operations are maintained throught working days of the week. Almost every time zone (London, New York, Tokyo, Hong Kong, Sydney) has dealers willing to quote currencies.
This market surpasses the others in its volume. For example, the daily turnover of world securities market is estimated at $300 billion, while Forex approaches 1 to 3 TRILLION US dollars in the same amount of time.
However, Forex is not a market in a traditional sense. It doesn't have a fixed location of the trading floor as, for example, futures market does. The trading is done over the telephone and at the computer terminals in hundreds of banks around the world simultaneously.
Futures and securities markets have one more significant feature distinguishing them from Forex, and at the same time restricting them. The trading is suspended at the end of each day and resumed only next morning. Thus, should certain significant developments occur in the USA, the opening of Russian market next morning could quite surprise you, if you're trading there.
Forex is open 24 hours a day, and the currency exchange operations are maintained throught working days of the week. Almost every time zone (London, New York, Tokyo, Hong Kong, Sydney) has dealers willing to quote currencies.
czwartek, 6 grudnia 2007
MARKETS GOES UP
The Dow Jones industrial average (Charts) added 1.2 percent, according to early tallies. The broader S&P 500 (Charts) index gained 1.3 percent. The tech-fueled Nasdaq (Charts) composite climbed 1.4 percent.
Stocks had drifted higher during the session, but gains were limited as investors sorted through mixed retail news, including a warning from Target, and a report showing a big jump in the pace of foreclosures filed during the third quarter.
However, the advance found its second wind in the last hour of trade, as investors digested the Bush Administration's proposal to help out subprime lenders.
Treasury prices tumbled, raising the corresponding yields, as investors pulled money out of safe haven investments and put it into stocks. Oil and gold prices jumped.
Here's a look at what was moving near the close.
Subprime plan offers help to $1.2 million
Stocks rallied Wednesday, with the Dow jumping nearly 200 points, on a mix of strong economic news and bets that the Federal Reserve will cut interest rates again at its policy meeting next week.
That sentiment continued to lift stocks Thursday as investors geared up for Friday's key monthly jobs report.
"Yesterday's rally was overdue and since we didn't have any really negative news today, other than maybe Target, we're seeing a continuation of that rally," said Joseph Saluzzi, co-head of equity trading at Themis Trading.
Also helping stocks higher were strong November sales results from many of the nation's discount retailers, although specialty clothing chains struggled, making for a mixed start to the critical holiday retail sales period.
Among the standouts, Wal-Mart (Charts, Fortune 500) reported sales at the high end of its guidance. Costco (Charts, Fortune 500) saw strong gains as well. Macy's (Charts, Fortune 500) and Nordstrom (Charts, Fortune 500) reported strong November sales, but warned that December sales will fall.
Target (Charts, Fortune 500) reported November sales and a December forecast that disappointed analysts, prompting a downgrade from Wachovia Capital Markets, AP reported.
from CNN NEWS MONEY
Stocks had drifted higher during the session, but gains were limited as investors sorted through mixed retail news, including a warning from Target, and a report showing a big jump in the pace of foreclosures filed during the third quarter.
However, the advance found its second wind in the last hour of trade, as investors digested the Bush Administration's proposal to help out subprime lenders.
Treasury prices tumbled, raising the corresponding yields, as investors pulled money out of safe haven investments and put it into stocks. Oil and gold prices jumped.
Here's a look at what was moving near the close.
Subprime plan offers help to $1.2 million
Stocks rallied Wednesday, with the Dow jumping nearly 200 points, on a mix of strong economic news and bets that the Federal Reserve will cut interest rates again at its policy meeting next week.
That sentiment continued to lift stocks Thursday as investors geared up for Friday's key monthly jobs report.
"Yesterday's rally was overdue and since we didn't have any really negative news today, other than maybe Target, we're seeing a continuation of that rally," said Joseph Saluzzi, co-head of equity trading at Themis Trading.
Also helping stocks higher were strong November sales results from many of the nation's discount retailers, although specialty clothing chains struggled, making for a mixed start to the critical holiday retail sales period.
Among the standouts, Wal-Mart (Charts, Fortune 500) reported sales at the high end of its guidance. Costco (Charts, Fortune 500) saw strong gains as well. Macy's (Charts, Fortune 500) and Nordstrom (Charts, Fortune 500) reported strong November sales, but warned that December sales will fall.
Target (Charts, Fortune 500) reported November sales and a December forecast that disappointed analysts, prompting a downgrade from Wachovia Capital Markets, AP reported.
from CNN NEWS MONEY
środa, 5 grudnia 2007
Podsumowanie złotego
Kolejna fala globalnego wzrostu apetytu na ryzyko, która m.in. w tak wyraźny sposób ujawniła się dziś na rynkach akcji, przyniosła zdecydowane umocnienie złotego do głównych walut.
O godzinie 18:00 polska waluta, co przed świętami nie ucieszy wszystkich pracujących w Anglii, zyskała aż 8,3 grosza do funta, za którego trzeba było zapłacić 4,9520 zł (najmniej od marca 1997 roku). Kurs EUR/PLN spadł o 2,7 grosza do poziomu 3,5825 zł, CHF/PLN o 1,9 gr do 2,1701 zł, a USD/PLN tylko o 0,3 gr do 2,4423 zł. Niewielki spadek dolara na tle spadków innych walut wynikał z umocnienia „zielonego” na świecie.
Dzisiejszemu umocnieniu złotego, które było skorelowane z podobnym zachowaniem innych walut regionu, tylko nieznacznie mogła pomagać wypowiedź Mariana Nogi z Rady Polityki Pieniężnej, który w wywiadzie dla "Gazety Prawnej" powiedział, że potrzebne są 2-3 podwyżki stóp procentowych, żeby obniżyć i utrzymać inflację blisko celu inflacyjnego na poziomie 2,5 proc.
Sytuacja techniczna na wykresach USD/PLN, EUR/PLN, GBP/PLN i CHF/PLN od poprzedniego tygodnia, kiedy złoty zaczął zdecydowanie zyskiwać, wciąż pozostaje niezmienna. W dalszym ciągu przewagę posiada strona podażowa, a spadki w najbliższych dniach są bardziej prawdopodobne niż wzrosty.
Dzisiejszy dzień potwierdza, że w najbliższym czasie notowania złotego będą przede wszystkim kształtowane przez apetyt na ryzyko. W oczekiwaniu na zaplanowaną na 11 grudnia br. obniżkę stóp procentowych w USA apetyt ten ma szanse dalej się zwiększać. Dziś jest to znacznie bardziej prawdopodobne niż jeszcze wczoraj, dlatego dziś wzrosło również prawdopodobieństwo silniejszego umocnienia polskiej waluty.
---
Marcin R. Kiepas
marcin.kiepas@xtb.pl
X-Trade Brokers DM S.A.
Ostrzeżenie o ryzyku
Dom Maklerski X-Trade Brokers nie ponosi odpowiedzialności za decyzje inwestycyjne podjęte na podstawie informacji zamieszczonych na niniejszej stronie internetowej. Żadna z zamieszczonych informacji nie może być traktowana jako wytyczna, dyspozycja, obietnica czy zobowiązanie że inwestor osiągnie zysk lub zmniejszy swoje straty wykorzystując zamieszone na stronie informacje. Transakcje na instrumentach inwestycyjnych, w szczególności instrumentach wykorzystujących dźwignię finansową są z natury rzeczy spekulacyjne i mogą w efekcie przynieść straty i zyski, przekraczające zaangażowany przez inwestora kapitał początkowy
O godzinie 18:00 polska waluta, co przed świętami nie ucieszy wszystkich pracujących w Anglii, zyskała aż 8,3 grosza do funta, za którego trzeba było zapłacić 4,9520 zł (najmniej od marca 1997 roku). Kurs EUR/PLN spadł o 2,7 grosza do poziomu 3,5825 zł, CHF/PLN o 1,9 gr do 2,1701 zł, a USD/PLN tylko o 0,3 gr do 2,4423 zł. Niewielki spadek dolara na tle spadków innych walut wynikał z umocnienia „zielonego” na świecie.
Dzisiejszemu umocnieniu złotego, które było skorelowane z podobnym zachowaniem innych walut regionu, tylko nieznacznie mogła pomagać wypowiedź Mariana Nogi z Rady Polityki Pieniężnej, który w wywiadzie dla "Gazety Prawnej" powiedział, że potrzebne są 2-3 podwyżki stóp procentowych, żeby obniżyć i utrzymać inflację blisko celu inflacyjnego na poziomie 2,5 proc.
Sytuacja techniczna na wykresach USD/PLN, EUR/PLN, GBP/PLN i CHF/PLN od poprzedniego tygodnia, kiedy złoty zaczął zdecydowanie zyskiwać, wciąż pozostaje niezmienna. W dalszym ciągu przewagę posiada strona podażowa, a spadki w najbliższych dniach są bardziej prawdopodobne niż wzrosty.
Dzisiejszy dzień potwierdza, że w najbliższym czasie notowania złotego będą przede wszystkim kształtowane przez apetyt na ryzyko. W oczekiwaniu na zaplanowaną na 11 grudnia br. obniżkę stóp procentowych w USA apetyt ten ma szanse dalej się zwiększać. Dziś jest to znacznie bardziej prawdopodobne niż jeszcze wczoraj, dlatego dziś wzrosło również prawdopodobieństwo silniejszego umocnienia polskiej waluty.
---
Marcin R. Kiepas
marcin.kiepas@xtb.pl
X-Trade Brokers DM S.A.
Ostrzeżenie o ryzyku
Dom Maklerski X-Trade Brokers nie ponosi odpowiedzialności za decyzje inwestycyjne podjęte na podstawie informacji zamieszczonych na niniejszej stronie internetowej. Żadna z zamieszczonych informacji nie może być traktowana jako wytyczna, dyspozycja, obietnica czy zobowiązanie że inwestor osiągnie zysk lub zmniejszy swoje straty wykorzystując zamieszone na stronie informacje. Transakcje na instrumentach inwestycyjnych, w szczególności instrumentach wykorzystujących dźwignię finansową są z natury rzeczy spekulacyjne i mogą w efekcie przynieść straty i zyski, przekraczające zaangażowany przez inwestora kapitał początkowy
niedziela, 2 grudnia 2007
Last of the red-hot housing markets
NEW YORK (Money Magazine) -- When Elisabeth and Tom Merrill decided to sell their home in Wenatchee, Wash. (pop. 107,000), they braced themselves for a long slog.
The couple and their four kids were bursting out of their 2,400-square-foot house, but they had read about the nation's slow-as-sludge real estate market and expected the worst.
But their house sold in 10 hours for $387,000, 80% more than they paid six years ago. "I was thrilled," says Elisabeth. "I can't believe how fast it happened."
While housing prices increased only 3.2% nationally in the year ended June 2007, according to the Office of Federal Housing Enterprise Oversight (OFHEO), a government regulator, prices in Wenatchee shot up 24%, partly because a recent influx of retirees boosted demand for housing.
Wenatchee is not the only hot spot bucking the national trend. Markets in the Pacific Northwest, Utah and Colorado still boast annual appreciation rates of 10%-plus, along with a scattering of bright spots in the South and even in the East and the Midwest.
How to account for these exceptions?
For the most part, the iron laws of supply and demand explain what's going on, with the added element of wild and crazy speculation. If you understand how such factors are playing out in these red-hot markets, you'll be better able to anticipate changes, and develop smart housing strategies, right at home.
It's the Demand, Stupid
The basics haven't changed. Job growth and rising incomes boost demand for, and prices of, housing.
Take Grand Junction, Colo. (pop. 140,000). The area is home to one of the country's richest natural gas fields, and local energy companies have recruited new employees, ballooning the city's work force by 26% since 2002 to about 63,000. The median price of a house in Grand Junction soared 65% in the past five years and 14.3% in the past year.
"Along with previous price gains, job growth is by far the most significant variable in forecasting growth," says Robert Shiller, co-founder of a home-price research company and professor of economics at Yale.
Whether Grand Junction will be able to sustain that steep growth curve depends on whether jobs keep increasing and people come to take them.
"If you don't have strong population growth, it's likely that the market won't appreciate in the long term," says Celia Chen, director of housing economics for Moody's Economy.com.
Case in point: Denver, only a mountain range away. The number of jobs has grown by only 7.8% in the past five years, holding house prices to a tepid 13% rise over the same period.
Supply Side
If it's not demand pushing prices up, it's got to be you-know-what.
One city where housing is tight: Portland, Ore., which has passed some of the most stringent growth restrictions in the country.
The government limits new housing outside a 400-square-mile perimeter to encourage denser development in urban areas. Land costs have skyrocketed and developers have been slow to add housing. So despite the slide in national house prices, in Portland they appreciated by about 8% in the past year.
Portland's policies have been partly responsible for price run-ups in outlying towns like Longview, Wash. (pop. 35,000), says Glenn Crellin, director of the Washington Center for Real Estate Research.
Once a sleepy town, Longview, an hour's drive from Portland, draws home buyers looking for lower prices. (The median price of a house there is $183,000, but $298,000 in Portland.) Prices shot up in Longview by 13.6% in the past year.
With tight supply and high demand, prices could have a tailwind indefinitely.
A trio of economists, Joe Gyourko, Christopher Mayer and Todd Sinai, have argued that persistent growth in cities they dub "superstars" (for example, New York City and San Francisco) is fueled by a limited supply of housing and by a concentration of high-income families who are willing to pay top dollar to live there.
True, both cities have hit bumps in the road in the past, and prices over the past year in the New York metro area rose by only 2.7% while in San Francisco they sank by about 1%. But, Gyourko says, "over the long term they will outstrip the national average."
/from cnn news money/
The couple and their four kids were bursting out of their 2,400-square-foot house, but they had read about the nation's slow-as-sludge real estate market and expected the worst.
But their house sold in 10 hours for $387,000, 80% more than they paid six years ago. "I was thrilled," says Elisabeth. "I can't believe how fast it happened."
While housing prices increased only 3.2% nationally in the year ended June 2007, according to the Office of Federal Housing Enterprise Oversight (OFHEO), a government regulator, prices in Wenatchee shot up 24%, partly because a recent influx of retirees boosted demand for housing.
Wenatchee is not the only hot spot bucking the national trend. Markets in the Pacific Northwest, Utah and Colorado still boast annual appreciation rates of 10%-plus, along with a scattering of bright spots in the South and even in the East and the Midwest.
How to account for these exceptions?
For the most part, the iron laws of supply and demand explain what's going on, with the added element of wild and crazy speculation. If you understand how such factors are playing out in these red-hot markets, you'll be better able to anticipate changes, and develop smart housing strategies, right at home.
It's the Demand, Stupid
The basics haven't changed. Job growth and rising incomes boost demand for, and prices of, housing.
Take Grand Junction, Colo. (pop. 140,000). The area is home to one of the country's richest natural gas fields, and local energy companies have recruited new employees, ballooning the city's work force by 26% since 2002 to about 63,000. The median price of a house in Grand Junction soared 65% in the past five years and 14.3% in the past year.
"Along with previous price gains, job growth is by far the most significant variable in forecasting growth," says Robert Shiller, co-founder of a home-price research company and professor of economics at Yale.
Whether Grand Junction will be able to sustain that steep growth curve depends on whether jobs keep increasing and people come to take them.
"If you don't have strong population growth, it's likely that the market won't appreciate in the long term," says Celia Chen, director of housing economics for Moody's Economy.com.
Case in point: Denver, only a mountain range away. The number of jobs has grown by only 7.8% in the past five years, holding house prices to a tepid 13% rise over the same period.
Supply Side
If it's not demand pushing prices up, it's got to be you-know-what.
One city where housing is tight: Portland, Ore., which has passed some of the most stringent growth restrictions in the country.
The government limits new housing outside a 400-square-mile perimeter to encourage denser development in urban areas. Land costs have skyrocketed and developers have been slow to add housing. So despite the slide in national house prices, in Portland they appreciated by about 8% in the past year.
Portland's policies have been partly responsible for price run-ups in outlying towns like Longview, Wash. (pop. 35,000), says Glenn Crellin, director of the Washington Center for Real Estate Research.
Once a sleepy town, Longview, an hour's drive from Portland, draws home buyers looking for lower prices. (The median price of a house there is $183,000, but $298,000 in Portland.) Prices shot up in Longview by 13.6% in the past year.
With tight supply and high demand, prices could have a tailwind indefinitely.
A trio of economists, Joe Gyourko, Christopher Mayer and Todd Sinai, have argued that persistent growth in cities they dub "superstars" (for example, New York City and San Francisco) is fueled by a limited supply of housing and by a concentration of high-income families who are willing to pay top dollar to live there.
True, both cities have hit bumps in the road in the past, and prices over the past year in the New York metro area rose by only 2.7% while in San Francisco they sank by about 1%. But, Gyourko says, "over the long term they will outstrip the national average."
/from cnn news money/
forex trading, news, systems, buy/sell signals
Hello, I am Liwiusz and I am going to show you everything connected with the biggest market in the world.In the Forex market.On my website you will always have current news that is real improtant in trading. I will give you professional java aplets with quotes of currency pairs comodities and other and some to make your own customised technical analyse ofcourse. This page is made not only for giving news, anybody who wants to talk about fx can do this.I am planing make chat that will be very usefull durign playing on real market.
Subskrybuj:
Posty (Atom)
