Christmas and New Year Holiday

To all members and all my blog readers,

due to the upcoming Christmas and New Year Holidays we would like to inform you about our market open times.

Christmas holidays from December 24th 2007 15:00 GMT(Kuala Lumpur: 23.00) - till December 26th 2007 05:00 GMT(Kuala Lumpur: 13.00).
New Year celebration holidays - from December 31th 2007 15:00 GMT(Kuala Lumpur: 23.00) till January 2nd 2008 05:00 GMT(Kuala Lumpur: 13.00).

FXcast and Indo Forex Info sends you all the best wishes for a Merry Christmas and a Happy New Year. We hope you will be trading successfully and be satisfied with our service and support in 2008.

Your FXcast Team & Indo Forex Info

FXcast
support@fxcast.com

jamesforex.

FXcast
FXcast
Showing posts with label Economic Calendar. Show all posts
Showing posts with label Economic Calendar. Show all posts

Friday, November 23, 2007

Today Market Outlook

Important Economic Calendar - Forex Factory.

Today Japan Market Holiday.
UK
4.30 pm - GDP(q/q)(r).
Forecast = 0.8%. Previous = 0.8%.

Technical Chart Analysis.

GBPUSD
Last Open = 2.0689. High = 2.0588. Close = 2.0625.
3rd Resistance = 2.0781.
2nd Resistance = 2.0735.
1st Resistance = 2.0680.
Pivot = 2.0634.
1st Support = 2.0579.
2nd Support = 2.0533.
3rd Support = 2.0478.

Strategy
Yesterday Cable as my expected move between the Trendline Resistance and Support. Today it is time to breakout to High or Low.

Option 1 - Sell below Pivot with Profit Target 2.0580 or 2.0480. Stop below 30 pips.
Option 2 - Buy above Pivot with Profit Target 2.0680 or 2.0780. Stop below 30 pips.

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Posted by Anonymous at 5:54:00 AM 0 comments

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Thursday, November 22, 2007

Today Market Outlook

Note: Today US market Holiday for the Thanksgiving Days.
Important Economic Calendar - Forex Factory.
Europe
2.00 pm - German GDP(q/q)
Forecast = 0.7%. Previous = 0.3%.
4.00 pm - Current Account.
Forecast = 4.0B. Previous = 3.8B.
5.00 pm - Industrial New Order(m/m).
Forecast = -0.7%. Previous = 0.3%.
Swiss
3.15 pm - Employment Level.
Forecast = -. Previous = 3.74M.
UK
4.30 pm - Business Investment(q/q).
Forecast = 1.0%. Previous = 0.4%.

Technical Analysis
GBPUSD
Last High = 2.0697. Low = 2.0520. Close = 2.0628.
3rd Resistance = 2.0876.
2nd Resistance = 2.0786.
1st Resistance = 2.0707.
Pivot = 2.0617.
1st Support = 2.0538.
2nd Support = 2.0448.
3rd Support = 2.0369.

Cable may tight range between the Trendline Resistance(around 2.0670) and Trendline(2.0560) Support.
Option 1 sell around 2.0670 with profit target around 2.0580 or
Option 2 buy around 2.0570 with profit target around 2.0660. Stop below 30pips.
Option 3, if break above 2.0710 may target 2.0780.
Option 4, if break below 2.0500 target 2.0380.

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Posted by Anonymous at 5:51:00 AM 0 comments

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Wednesday, November 21, 2007

Today Market Outlook

Important Economic Calendar - Forex Factory.

UK
4.30 pm - MPC Meeting Minutes.
Forecast = 7 - 2. Previous = 8 - 1.

US
8.30 pm - Unemployment Claims.
Forecast = 330K. Previous = 339K.
10.00 pm - Consumer Sentiment.
Forecast = 75. Previous = 75.

Technical Analysis

GBPUSD
Last High = 2.0680. Low = 2.0455. Close = 2.0662.
Today Pivot Point
3rd Resistance = 2.0968.
2nd Resistance = 2.0824.
1st Resistance = 2.0743.
Pivot = 2.0599.
1st Support = 2.0518.
2nd Support = 2.0374.
3rd Support = 2.0293.

Strategy
Sell below today Pivot around 2.0590 with target 2.0520. Stop above 2.0620. Or Buy around 2.0610 with profit target around 2.0740 stop below 2.0590.

FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar

Posted by Anonymous at 6:03:00 AM 0 comments

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Friday, November 16, 2007

Today Market Outlook

Important Economic Calendar - Forex Factory.

European
2.45 pm(Jakarta Time) - French Non-Farm Employment(q/q)(p).
Forecast = 0.3%. Previous = 0.3%.
3.15 pm - Swiss Retail Sales(y/y).
Forecast = 4.1%. Previous = 3.8%.
4.00 pm - Italian Trade Balance.
Forecast = -1.4B. Previous = -0.7B.
5.00 pm - Europe Trade Balance.
Forecast = 3.0B. Previous = 1.3B.

US
9.00 pm - TIC Net Long-Term Transaction.
Forecast = 72.0B. Previous = 69.3B.
9.15 pm - Industrial Production(m/m).
Forecast = 0.1%. Previous= 0.1%.
9.15 pm - Capacity Utilization Rate.
Forecast = 82.0 Previous = 82.1.

Technical Chart Analysis.

GBPUSD
Last High = 2.0619. Low = 2.0415. Close = 2.0438.
Today Pivot Point
3rd Resistance = 2.0770.
2nd Resistance = 2.0694.
1st Resistance = 2.0566.
Pivot = 2.0490.
1st Support = 2.0362.
2nd Support = 2.0286.
3rd Support = 2.0158.

Today strategy.
Direction - Down.
Sell around Pivot 2.0490 with Profit Target around 2.0340. Stop above 2.0520.

FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar

Posted by Anonymous at 6:30:00 AM 0 comments

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Wednesday, November 14, 2007

Today Market Outlook

Important Economic Calendar - Forex Factory.

European
2.00 pm (Jakarta Time) - German GDP(q/q)(p).
Forecast = 0.60%. Previous = 0.30%.
2.45 pm - French GDP(q/q)(p).
Forecast = 0.60%. Previous = 0.30%.
3.00 pm - ECB President Trichet Speaks.

UK
4.30 pm - Average Earning Index + Bonus.
Forecast = 4.0%. Previous = 3.7%.
4.30 pm - Claimant Count Change.
Forecast = -6.2K. Previous = -12.8K.
5.30 pm - BOE Inflation Report.

US
8.30 pm - Retail Sales(m/m).
Forecast = 0.2%. Previous = 0.6%.
8.30 pm - Core Retail Sales(m/m).
Forecast = 0.3%. Previous = 0.4%.
8.30 pm - PPI(m/m).
Forecast = 0.3%. Previous = 0.1%.
8.30 pm - Core PPI(m/m).
Forecast = 0.2%. Previous = 0.1%.
9.10 pm - Fed Chairman Bernanke Speaks.

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Posted by Anonymous at 7:32:00 AM 0 comments

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Tuesday, November 13, 2007

Today Market Outlook

Important Economic Calendar - from Forex Factory.

Japan
Interest Rate Announcement
Forecast = 0.50%. Previous = 0.50%.
BOJ Governor Fukui Speak

UK
4.30 pm(Jakarta Time) - CPI(y/y)(Consumer Price Index).
Forecast = 1.90%. Previous = 1.80%.
4.30 pm - Core CPI(y/y).
Forecast =1.70%. Previous = 1.50%

Europe
5.00 pm - German ZEW Economic Sentiment.
Forecast = -19.5. Previous = -18.1.

US
3.00 am - Pending Home Sale(m/m).
Forecast = -2.6%. Previous = -6.5%

Technical Chart Analysis
EURUSD
Last High = 1.4668. Low = 1.4526. Close = 1.4532.
Today Pivot Point
3rd Resistance = 1.4766.
2nd Resistance = 1.4717.
1st Resistance = 1.4624.
Pivot = 1.4575.
1st Support = 1.4482.
2nd Support = 1.4433.
3rd Support = 1.4340.
Strategy
Direction = Down
Sell around 1.4560 with Profit Target 1.4480 or may target 1.4430. Stop above 1.4580.

FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar

Posted by Anonymous at 7:48:00 AM 0 comments

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Monday, November 12, 2007

UK Market Outlook

Important Economic Calendar please scroll down.

Resulted for USDJPY - Profit 80 pips.

Technical Chart Analysis
GBPUSD
Last High = 2.1171. Low = 2.0870. Close = 2.0903.
Today Pivot Point
3rd Resistance = 2.1393.
2nd Resistance = 2.1282.
1st Resistance = 2.1092.
Pivot = 2.0981.
1st Support = 2.0791.
2nd Support = 2.0680.
3rd Support = 2.0490.
Strategy
Direction = down.
Sell around 2.0875 with 1st profit target at 2.0800, then set trailing stop 30 pips if below 2.0750.Stop above 2.0915.

FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar

Posted by Anonymous at 2:28:00 PM 0 comments

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Today Market Outlook

Today US market holiday.
Important Economic Calendar - from Forex Factory.
Japan
6.50 am(Jakarta Time) - CGPI (y/y)
Forecast = 2.2%. Previous = 1.7%.
6.50 am - Current Account
Forecast = 2.10T. Previous = 2.19T.
12.00 pm - Household Confidence
Forecast = . Previous = 44.1.
UK
4.30 pm - PPI(Producer Price Index) Input(m/m)
Forecast = 1.5%. Previous = 3.2%.
4.30 pm = PPI Output(m/m).
Forecast = 0.2%. Previous = 0.1%.

Technical Chart Analysis.
USDJPY
Last High = 112.86. Low = 110.49. Close = 110.69.
Today Pivot Point
3rd Resistance = 114.57.
2nd Resistance = 113.71.
1st Resistance = 112.20.
Pivot = 111.34.
1st Support = 109.83.
2nd Support = 108.97.
3rd Support = 107.46.
Strategy
Direction = Down
Sell around Pivot or Trendline Resistance with profit target today support 1. Stop 111.40
See chart below:

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Posted by Anonymous at 5:07:00 AM 0 comments

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The forex forecast and advices generated are based on my trading analysis and are given for the traders to use as additional inputs in their decision-making and trading and I should not be held responsible for any loss incurred by the subscriber. The traders are advised to understand all the risk involved in forex trading and take decisions accordingly.Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.