Forex Traders Inc.

market commentary 3/6/10

admin — Mon, 08 Mar 2010 19:06:57 +0000

World indexes:

DJIA	-0.10%
S&P500	-0.07%
NASDAQ	0.14%
CAC40	-0.18%
DAX	-0.02%
NIKKEI	2.09%

Movers & Shakers:

EUR/GBP	+0.68%
NZD/USD	+0.63%
AUD/JPY	+0.57%
CHF/JPY	+0.44%
AUD/USD	+0.43%
EUR/JPY	+0.34%
CAD/JPY	+0.26%
EUR/USD	+0.21%
USD/JPY	+0.14%
EUR/CAD	+0.09%
EUR/CHF	-0.03%
USD/CAD	-0.12%
USD/NOK	-0.15%
USD/SEK	-0.16%
AUD/NZD	-0.20%
EUR/AUD	-0.22%
USD/CHF	-0.30%
GBP/JPY	-0.34%
GBP/USD	-0.48%
GBP/CHF	-0.78%

Important levels:

Support	Resistance
EUR/USD
1.3561	1.3660
1.3496	1.3695
1.3461	1.3760

GBP/USD
1.5037	1.5211
1.4928	1.5276
1.4863	1.5385

USD/CHF
1.0719	1.0795
1.0689	1.0841
1.0643	1.0871

USD/JPY
89.545	90.810
88.805	91.335
88.280	92.075

Dukascopy analytic desk report
Published: 08 March 2010 at 16.57 GMT

Most important events of the day

Mar 08	Count.	Event	For	Unit	Imp.	Act.	Cons.	Prev.
00:00	EU	EU Parliament Plenary session (8th-11th)
00:00	WLD	BIS Global Econonmy Meeting (7th-8th)
05:00	JP	Economy Watchers Survey	Feb	index		42.1	40.1	38.8
08:15	CH	Retail Sales	Jan	%y/y		4.4	4.5	4.7
09:30	EU	Sentix Index	Mar	index		-7.5	-9.3	-8.2
10:30	NO	Norges Bank Deputy Governor Qvigstad gives speech before OECD
11:00	DE	Industrial Production	Jan	% m/m		0.6	1	-1
11:00	DE	Industrial Production	Jan	% y/y		2.2	0.9	-5.7
13:00	NO	Perduco Inflation Expectations	Q1	% y/y
13:00	GB	BoE MPC board member Barker gives speech before National Institute of Economic and Social Research
14:15	CA	Housing starts	Feb	k		196.7	190	185.4
17:00	EU	ECB Executive Board member Stark gives speech on ” A View from the ECB” before the NABE 2010 Economic Policy conference
18:30	EU	ECB Governing council member Gonzalez-Paramo gives speech before Caja Inmaculada
21:45	NZ	Electronic Card Transactions	Feb	% m/m (sa)				0.5
22:00	US	New York Fed Executive Vice President Sack gives speech on ” A View from the Federal Reserve Bank of New York” before the NABE 2010 Economic Policy Conference

Market Commentary 2/26/10

admin — Fri, 26 Feb 2010 21:44:03 +0000

The economic situation we face today caused by the actions of the Federal Reserve and the government can be compared to the situation a drunk and his co-dependents face when he starts to sober up and realizes what a mess he has made of his life. The Fed, our government and the drunk can either decide to face the facts and realize the pain or continue to imbibe and completely destroy ourselves.

So far the fed and the government have opted to continue drinking, much to the detriment of those who are codependent to them. We are told that the consequences of not continuing the destructive behavior (deficit spending, debt monetizing) would be unbearable, the pain to severe to contemplate much less deal with. That in fact those actions will solve the problems we face instead of make them worse. Just like the drunk will deny he has a problem or say that he cannot stop drinking because it would force him to experience emotional and physical pain he doesn’t want to contemplate much less deal with.

Well I am sure we all know someone who refused to face facts and drank or drugged themselves to death or incapacitation. Now our “leaders” elected or otherwise instead of admitting that the economy has become unmanageable and that they are powerless over their addiction to money creation, spending and economic engineering are going on a binge even worse than before. Their addiction is progressive much like alcoholism, as even some “progressives” are starting to admit. The end result of which will be either the death or incapacitation of our nation, which the historical record has shown to befall all democracies due to loose fiscal policy and drunks who don’t put down the bottle.

The Federal Reserve and government must admit a power greater than themselves can restore us to sanity, the U.S. Constitution. After such realization the fed & government must turn their will and lives over to the Constitution as they understand it. At which point they must make take an inventory of themselves. Admitting to God, themselves and the American people the exact nature of their wrongs. After which they must be entirely ready to have the Constitution remove their defective policy. Humbling themselves, them must ask the American people, other nations and free markets to remove their shortcomings. By selling federal land and equipment not necessary to the defense of the nation and dividing the governments gold stock by all the dollars in circulation to stabilize the dollar.

Once steps 1-7 are finished, the government (the Federal Reserve no longer exists) needs to make a list of all those nations, organizations and individuals they have harmed and make direct amends to them whenever possible except when doing so would hurt them or others. Going forward the federal government will continue to take inventory and when wrong promptly admit it. Through listening to constituents and meditating on the Constitution improve their conscious contact with the Constitution, praying only for the knowledge to follow the will of the framers.

Finally, having a political awakening as a result of these steps, our country would carry this message to the hopeless governments and banks of other countries, practicing these principals in all our affairs.

Will this be painful? Of course it will, is it necessary? Absolutely, the only alternative is the complete subjugation of our country to worldwide government since we are incapacitated or the death of our nation, resulting in anarchy which is always followed by dictatorship. Much as the drunk either ends up with wet brain or dead from drink.

How do I figure this? Well consider that our money supply was doubled in a few short months at the end of 2008. Consider the rally in the stock market is purely inflationary, has failed the 50% retracement and that much like the suckers rally before the great depression will lead to a bigger crash than before. Consider that the government and the fed’s response will be to create more money out of nothing, and the government spending it into circulation for bailouts, warfare and welfare will lead to hyperinflation and even more widespread poverty and unrest.

Their “solution” is like picking up another drink to kill the pain of being a drunk, it can only end badly.

Trading advice 2/25/10

admin — Thu, 25 Feb 2010 19:09:17 +0000

4X Currency Trading

AUDUSD FORECAST UPDATE

February 17, 2010

Dear Subscriber,

This was originally sent to me by my colleague on February 17, I am posting it now since it has proven accurate and there is still money to be made with this forecast in my opinion. Below is a chart of the AUDUSD Monthly and the chart below that was sent out Sunday. We have completed the upward first measred movement and will look to short into the .9015 Price Pivot area.

The monthly price target for AUD/USD is .8350 level. This is a mid term objective and may take some time depending on the strong Gold correlation with this preferred commodity currency.

Global Disclaimers
The distribution of this material may be restricted by law in certain jurisdictions. Persons accessing these and the following pages are required to inform themselves about and observe any such restrictions. The content of this e-mail and its attachments are neither an offer nor a solicitation of an offer to sell investments in any jurisdiction in which such an offer or solicitation is not lawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. You should seek independent advice as to your suitability to speculate in these markets if you are at all unsure, as well as confirming the legal and tax and accounting characteristics and consequences, of the transaction that you are able to assume those risks. 4x Currency Trading, 4x Trade Alerts. makes no representation as to the accuracy or completeness of any information contained herein or otherwise provided . Any person placing reliance on this document, e-mail, and its attachments to undertake trading does so entirely at their own risk and 4x Currency Trading, 4x Trade Alerts does not accept any liability as a result. Forex, Securities and Derivatives Markets may be subject to rapid and unexpected price movements and past performance is not necessarily, or to be interpreted as such, a guide to future performance
Investors should appreciate that due to the volatile nature of the currency markets, the value of your investments can decrease as well as increase and, as such, funds invested should constitute risk capital. Aggressive and notional trading while profits can be substantially higher losses can be much greater too.

Market Commentary 2/25/10

admin — Thu, 25 Feb 2010 19:01:29 +0000

Dukascopy Afternoon Forex Overview

World indexes:

DJIA	-1.75%
S&P500	-1.56%
NASDAQ	-1.45%
CAC40	-2.06%
DAX	-1.56%
NIKKEI	-0.95%

Movers & Shakers:

NZD/USD	+0.92%
AUD/USD	+0.77%
AUD/JPY	+0.58%
EUR/USD	+0.54%
EUR/JPY	+0.34%
CHF/JPY	+0.31%
EUR/GBP	+0.31%
GBP/USD	+0.22%
CAD/JPY	+0.18%
EUR/CAD	+0.17%
AUD/NZD	-0.16%
USD/JPY	-0.18%
EUR/NOK	-0.18%
EUR/AUD	-0.22%
GBP/CHF	-0.27%
USD/CAD	-0.36%
USD/CHF	-0.50%
USD/NOK	-0.71%
USD/SEK	-0.89%

Important levels:

Support	Resistance
EUR/USD
1.3488	1.3612
1.3434	1.3682
1.3364	1.3736

GBP/USD
1.5376	1.5466
1.5337	1.5517
1.5286	1.5556

USD/CHF
1.0752	1.0856
1.0693	1.0902
1.0647	1.0961

USD/JPY
89.925	90.515
89.555	90.735
89.335	91.105

Dukascopy analytic desk report
Published: 25 February 2010 at 16.50 GMT

Most important events of the day

Feb 25	Count.	Event	For	Unit	Imp.	Act.	Cons.	Prev.
00:30	AU	Private Capex	Q4	% y/y		5.5	2	-5.2
00:30	AU	AWOTE	Q4
01:45	EU	ECB Executive Board member Stark is lead discussant at an IMF and Korean Development Institute workshop on “Reconstructing the World Economy”
02:00	NZ	NBNZ Business Confidence	Jan	index		50.1		38.5
02:00	NZ	Monetary Aggregates M3	Jan	% y/y		-4.5		-1.1
07:45	FR	PPI	Jan	% m/m		0.7	0.3	0.1
07:45	FR	PPI	Jan	% y/y		0.4	0.1	-2.9
07:45	FR	Consumer Confidence	Feb	index			-28	-29
08:00	ES	PPI	Jan	%y/y		0.9	0.8	0.4
08:15	SE	Consumer Confidence	Feb	Index		13	9	8.5
08:15	SE	Economic Tendency Survey	Feb	Index		107.7	104.1	103.4
08:15	SE	Manufacturing Confidence	Feb	Index		3	-2	-4
08:30	SE	PPI	Jan	% m/m		2.0	0.6	0.2
08:30	SE	PPI	Jan	% y/y		0.3	-1.1	-0.8
08:30	IT	ISAE Business Sentiment	Feb	index		84	83.6	83.2
08:55	DE	Unemployment	Feb	K		7	16	6
09:00	NO	Unemployment (nsa) (NAV)	Feb	% rate		3.2	3.2	3.3
09:00	EU	M3 (sa)	Jan	% y/y		0.1		-0.3
09:00	EU	M3 3 month (sa)	Jan	% y/y		-0.1	-0.1	-0.1
09:30	GB	Total Business Investment (P)	Q4	% q/q		-5.8	0.1	-1.8
09:30	GB	Total Business Investment (P)	Q4	% y/y		-24.1	-18.5	-20.8
09:30	GB	BoE Governor King testifies on “The Future of Banking” before the Banking Commission Hearing
10:00	EU	Business Climate	Feb	index		-0.98	-1.05	-1.12
10:00	EU	Consumer sentiment	Feb	index		-17	-17	-16
10:00	EU	Economic sentiment	Feb	index		95.9	96.4	95.7
10:00	EU	Industrial sentiment	Feb	index		-13	-13	-14
10:00	DE	Bundesbank board member Boehmler gives speech on exiting the crisis
10:15	BE	CPI	Feb	% m/m		0.42		0.46
10:15	BE	CPI	Feb	%y/y		0.7		0.62
12:45	GB	CBI Industrial Trends	Feb	Index		-36		-39
12:45	GB	CBI Distributive Trades	Feb	Index		-23	-2	-8
12:45	GB	CBI Industrial Trends	Feb	Index				-39
12:45	GB	CBI Industrial Trends	Feb	Index				-39
13:30	US	Durable goods orders	Jan	% m/m		-0.6	1.5	2.0
13:30	US	Durables ex defence	Jan	% m/m				0.3
13:30	US	Durables ex transport	Jan	% m/m		-0.6	1	2.0
13:30	US	Initial Claims	20-Feb	k		496	460	474
13:35	US	Cleveland Fed President Pianalto gives speech before Daytona Area Chamber of Commerce Government Affairs breakfast
14:00	US	Fed Chairman Bernanke delivers semi-annual report before a Senate panel
14:00	US	House Financial Services Committee holds hearing on “Compensation in the Financial Industry: Government Perspectives”
15:00	US	FHFA House Price Index	Dec	%m/m		-1.6	0.4	0.4
15:00	US	Congressional Oversight Panel hearing on “Assistance Provided to GMAC Under TARP”
18:00	NO	Norges Bank Governor Gjedrem gives speech before the Peterson Institute for International Economics
18:00	GB	BoE MPC board member Miles gives speech at Imperial College
18:15	US	St. Louis President Bullard gives speech before the TMAP Economic Forecast Luncheon
19:00	US	House Financial Services Committee hearing on “Compensation in the Financial Industry: Government Perspectives”
21:45	NZ	Trade Balance	Jan	NZ $ mn			-100	2
21:45	NZ	Building Consents	Jan	%m/m			2.2	-2.4
23:30	JP	CPI Core (Nation)	Jan	% y/y			-1.4	-1.3
23:30	JP	CPI Core (Tokyo)	Jan	% y/y			-2	-2
23:50	JP	Large Retailers Sales	Jan	% y/y			-4.6	-4.6
23:50	JP	Retail sales	Jan	%y/y			-0.2	-0.2
23:50	JP	Industrial Production (P)	Jan	% m/m			1	1.9
23:50	JP	Industrial Production (P)	Jan	% y/y			16.5	5.1

market commentary 2/23/2010

admin — Tue, 23 Feb 2010 18:51:19 +0000

Dukascopy Afternoon Forex Overview

World indexes:

DJIA	-0.57%
S&P500	-0.86%
NASDAQ	-1.24%
CAC40	-1.50%
DAX	-1.79%
NIKKEI	-0.47%

Movers & Shakers:

NZD/USD	+0.92%
AUD/USD	+0.77%
AUD/JPY	+0.58%
EUR/USD	+0.54%
EUR/JPY	+0.34%
CHF/JPY	+0.31%
EUR/GBP	+0.31%
GBP/USD	+0.22%
CAD/JPY	+0.18%
EUR/CAD	+0.17%
AUD/NZD	-0.16%
USD/JPY	-0.18%
EUR/NOK	-0.18%
EUR/AUD	-0.22%
GBP/CHF	-0.27%
USD/CAD	-0.36%
USD/CHF	-0.50%
USD/NOK	-0.71%
USD/SEK	-0.89%

Important levels:

Support	Resistance
EUR/USD
1.3569	1.3649
1.3532	1.3691
1.3490	1.3728

GBP/USD
1.5459	1.5532
1.5417	1.5563
1.5386	1.5605

USD/CHF
1.0733	1.0783
1.0711	1.0812
1.0682	1.0834

USD/JPY
90.896	91.776
90.523	92.283
90.016	92.656

Dukascopy analytic desk report
Published: 23 February 2010 at 16.41 GMT

Most important events of the day

Feb 23	Count.	Event	For	Unit	Imp.	Act.	Cons.	Prev.
00:00	IS	Gallup Expectations	Feb	index				37.1
00:00	WLD	WTO General Council meeting (22nd-23rd)
00:00	EU	European Banking Supervisors committee hold hearing on new EU bank capital requirement rules
00:00	WLD	OECD Secretary General Gurria gives speech in Madrid
07:00	FI	Unemployment	Jan	% rate		9.5		7.9
07:00	CH	UBS Consumption Indicator	Jan	index
07:00	AU	RBA Deputy Governor Battellino gives speech in Sydney
07:15	EU	ECB Governing council member Fernandez Ordonez gives speech on “the Reform of the Spanish Financial System”
07:45	FR	Consumer Spending	Jan	% m/m		-2.7	-1.1	1.3
07:45	FR	Consumer Spending	Jan	% y/y		1.5	3.6	5.8
07:45	FR	CPI	Jan	% m/m			-0.3	0.2
07:45	FR	CPI	Jan	% y/y		1.1	1.1
07:45	FR	HICP	Jan	% m/m			-0.2	0.3
07:45	FR	HICP	Jan	%y/y			1.3	1
08:30	NL	Producer Confidence	Feb	index s.a		-6.9	-7.5	-8.3
08:30	IT	ISAE Consumer Confidence	Feb	index			111.7	111.7
09:00	DE	IFO Business Climate	Feb	Index		95.2	96.1	95.8
09:00	DE	IFO Current Conditions	Feb	Index		89.8	91.9	91.2
09:00	DE	IFO Expectations	Feb	Index		100.9	100.5	100.6
09:00	IT	CPI (F)	Jan	% m/m		0.1	0.1	0.1
09:00	IT	CPI (F)	Jan	% y/y		1.3	1.3	1.3
09:00	IT	HICP (F)	Jan	% m/m		-1.5	-1.4	-1.4
09:00	IT	HICP (F)	Jan	% y/y		1.3	1.4	1.4
09:15	GB	BoE MPC board members King, Bean, Dale, Miles and Barker to testify before the Treasury on Feb 2010 Inflation Report
09:30	GB	BBA Mortgage Approvals	Jan	K		35.083		45.65
11:00	GB	CBI Distributive Trades	Feb	Index				-8
12:10	GB	BoE Deputy Governor Tucker gives speech at 27th annual State of the Economy conference
14:00	BE	BNB Business Sentiment	Feb	Index		-7	-6.5	-7
14:00	US	S&P Case-Shiller Home Price	Dec	% y/y		-3.08	-3.1	-5.34
15:00	US	Consumer confidence	Feb	index		46.0	55	56.5
19:00	US	House Financial Services Committee holds a hearing “Prospects for Employment Growth: Is Additional Stimulus Needed?”
22:05	US	St. Louis Fed President Bullard gives speech on “Will Regulatory Reform Prevent Future Crises?” before the Chartered Financial Analysts Virginia Society
23:50	JP	CSPI	Jan	index			-1.1	-1.5
23:50	JP	Customs Cleared Trade	Jan	Y bn			136	544.2

Disclaimer: the data made available by Dukascopy (Suisse) SAis for informational purposes only. Publication of this data by Dukascopy (Suisse) SA does not constitute provision of investment advice and Dukascopy (Suisse) SA assumes no responsibility with regard toany information, forecast or recommendation herein contained and assumes no responsibility with regard toany losses resulting from any activities conducted the basis of this data, including any investment decisions.