FOREX VIDEO - ASIAN OUTLOOK NOVEMBER 23rd 2009

Source: blogs.fxstreet.com

Hello everyone. For todays preview video, I would like to look at the GBP/JPY longer-term and as part of the analysis provide an update on the GBP/USD. Please note the shorter week for the US equity markets. Thin market conditions will exist. Be careful with your trading this week.


Read more...

  • We used to sell dollars on bad auctions; now we sell dollars on good auctions

    Heads I win, tails you lose. That’s the way things are working for the greenback. News is either dollar bearish or it is supportive of the US economy which increases risk assumption, the reflation trade, yada yada… No helping matters are comments from the Fed’s Lockhart who says...

  • Nikkei expected to open 1% higher

    Japanese markets will open in around 15 minutes. The Nikkei should benefit from the overseas leads and the weaker JPY against the greenback. There was talk during the NY session of possible option protection ahead of 99.00 in USD/JPY but I have heard no confirmation of this as of...

  • Avon Earnings Missed Big, Andrea Jung Will Stay as the Chairwoman

    Avon missed on its 4th quarter earnings. Analysts expected top line of $3.11B and the result was $3.04B. Actual EPS came in at 39c while the...

  • Reflation trade on fire after payrolls

    Stocks are surging, oil is above $70, gold is back above $980 and the dollar is falling versus the majors except the yen. The global reflation trade is trumping good US-specific news in terms of the dollar. EUR/USD has reached 1.4265 thus far and USD/JPY 97.52. We are well above the 200-day average...

  • Real money late-day EUR/USD sellers again

    Thursday afternoon dealers relayed good interest to sell EUR/USD on the rally above 1.4150. Today they say they are selling from the 1.4030s. EUR/USD has fallen back toward 1.4000 despite a continued rebound equities and a bounce back in oil prices. The S&P is down just 3 points on the day...