FOREX: USD may rebound, Bank of England minutes on the agenda temperament.

By Ilya Spivak, currency strategist mi Oct 20 05: 52: 00 GMT 2010 key overnight developments

U.S. dollar corrected lower than markets Digest NY session rally Australian Dollar shrugs from fifth drop in shot the euro extended trade jobs of critical levels in accommodation, 0.3 percent higher to correct as markets against the U.S. dollar digested landscape in New York the selling off of the risks hours. Sterling little changed, with prices, the consolidation in a choppy area to 1.57 figure. We remain flat EURUSD and GBPUSD. Asia session highlights Westpac leading index (MoM) (AUG) DEWR skilled labor jobs (MoM) (OCT) BOJ Deputy Governor Nishimura speaks in Hiroshima Australian skilled jobs fell for the fifth consecutive month in October, sliding - 0.5%, while September's originally reported increase was revised, show the largest loss in 15 months. The result of the precarious situation of force strengthened economy to cool his largest export market and key behind their resistance while the global downturn 2008 - fuelling asset bubbles and galloping inflation efforts to its lively performance amid fears as China - steps. The Australian dollar dismissed the result however is rising currencies amidst a broad-based correction in accordance with other risks the massacre in U.S. trade. Euro part: What to expect English prices (MoM) price (SEP) English (YoY) (SEP) ECB of Vitor Constâncio speaks on economy convenience store sales (YoY) (SEP) Italian industrial orders s.a. (MoM) (AUG) Italian industrial orders n.s.a. (YoY) (AUG) Italian industrial sales s.a. (MoM) (AUG) Italian Industrial Sales n.s.a. (YoY) (AUG) PSNB ex interventions (pounds) (SEP) Bank of England Protocol (OCT 20) public finances (PSNCR) (pounds) (SEP) public sector net bonds (pounds) (SEP) the ECB Jürgen Stark talks about economy the release of minutes of October's Bank of England monetary policy meeting which can economic calendar headlines, but the result isn't market moving, expected along established the voting pattern on the MPC rate setting lines fall. In particular multi-annual Dove Adam should poses a result that would be hardly surprising given its recent public statements - during token Hawk, vote for an extension of the quantitative easing (QE) - Andrew sentence again for a rate increase will push. The remaining seven policy makers are likely to play things down Center at least until an updated quarterly inflation report in November is published. Elsewhere on the docket UK budget deficit monthly figures lays the Government cash deficit widened to 15.3 billion pounds in September - the largest in three months - and can show scare risk feeling amidst rekindled fears about the onset emerging economy and its implications for the fragile economic recovery. However, money should have cooled growth to an annual rate of 1.5 percent over the same period, marking a record low and hinted that the BOE in fact have space around the constraint on the tax side points without necessarily compromising of price stability.On balance, the session can prove gedämpften, with a gentle rise in S & - P-500-index-futures in late Asian trading hinted that a correction of yesterday's sell-off in the risky asset spectrum can be the order of the day, open the door for a retreat in the security-linked US dollar against most of its main Partnern.Besuchen for real time news and analysis please http://www.dailyfx.com/real_time_news get to future articles by e-Mail, contact Ilya at ispivak@dailyfx.com

DailyFX provides Forex News on economic reports and political events that influence the currency market.
You learn Forex trading with a free practice account and diagrams of FXCM.

Wed Oct 20 05: 52: 00 GMT 2010

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Crude oil plunges hiking, gold gets pounded on dollar on China interest rate rebound

Raw materials - energy crude tumbles on China interest rate hike crude oil (WTI)-$ 80.27 / / $0,78 / / 0.98% commentary: crude oil was proposed in Friday's session to China for the first time in three years interest rates raised. The goods declined to pay $3,59 or 4.32% to $79.49. The Chinese Central Bank raised its key rate by 25 basis points, send deposit rates and 2.25% interest a year 5.56%. Given how crude oil bust and risk had become assets in general this was the catalyst for the dealer of looking were to lock in profits. But the door is very narrow when everyone is looking to stop once, so we looked on the line giant moves. Basically this does not change things much, but risks are always elevated when monetary conditions to worsen. China is still in the process of Orchestration a soft landing, and in this respect have been largely successful, but with crude oil at the top of a 1-year range, it is not surprising to see a movement, the low. As China represents 40% of this year's growth of in global demand, it is the single most important driver of oil bases on the demand side. Significant progress in the country are enlarged by traders in the short-term, and this is how we have such a large decrease in. Our Outlook remains the same. Buy crude oil on the dips look, but we would not fire up the low drag until Centre$ 70's. Global economic recovery is on the right track and crude oil should remain offer well in such an environment. Winnings are however extremely gradual as supply at this time is plentiful. Active trading is therefore needed to Excel. Technical Outlook: after prolonged consolidation that eventually put on prices, a bearish engulfing candlestick pattern well done in on 10 / 7, break, support stop at the 23.6% Fibonacci retracement of the latest boom ($81.20) just before the 38.2% level at $79.21. Fibonacci was 23.6% now as resistance revision has continued to sell, at the level $77.60 target of 50%. Raw materials - metals gold gets pounded on dollar rebound gold$ 1338.95 / / $6.90 / / 0.52% comment: it little surprising is the US dollar ahead sharp versus rivals on Tuesday, Gold hard beat got. The metal was to pay $36,40 or 2.66% to $1332.05. We have extensively about how recently gold dealer have used as a vehicle to written against the greenback bets. After the latest moves a month correlation between gold and the dollar is to 0.96. Gold has been show a strong positive correlation with stock markets, and this pattern instead both on Tuesday. The one-month correlation between S and P 500 stock index and gold is 0.92. The latest step in gold and the dollar can the Chinese interest rate hike, a reversal in all established trends as a merchant catalyzed attributed to lock in profits. Now we will look at to see if it follow through when a meaningful reduction now is in the works or whether this is a unique move was. Technical Outlook: prices have broken out by a growing channel in the town since the end of September, session help the 23.6% Fibonacci retracement of the advance 7/28-10/14 ($1332.99). Continued selling here aims at the level of 38.2% to $1299.37. Initial resistance lines where $1350-$ 1360 congestion region. Silver$ 23.62 / / $0.25 / / 1.09% commentary: gold, and how was acted as a leveraged game in typical fashion silver the day wennicheinanderes for gold, it was even uglier for silver. $0.96 Or 3.93% lost the metal to close to $23,37. The gold/silver ratio is now at 56.7, close to the lowest level since August 2008. (The ratio measures the relative performance of gold and silver) (A higher number indicates gold outperformance while a lower number indicates silver outperformance). Technical Outlook: prices reversed lower after retesting is resistance at the bottom of support turned set a growing channel from late September, the broken earlier this week, was taking out the next disadvantage barrier at $23.50. From here, the bears are a rising trend line of end objectives August, now at $22.83. For real time news and analysis, please visit http://www.dailyfx.com/real_time_news get future articles by e-Mail, please contact Ilya at ispivak@dailyfx.com

View the original article here

FOREX: USD may rebound, Bank of England minutes on the agenda temperament.

By Ilya Spivak, currency strategist mi Oct 20 05: 52: 00 GMT 2010 key overnight developments

U.S. dollar corrected lower than markets Digest NY session rally Australian Dollar shrugs from fifth drop in shot the euro extended trade jobs of critical levels in accommodation, 0.3 percent higher to correct as markets against the U.S. dollar digested landscape in New York the selling off of the risks hours. Sterling little changed, with prices, the consolidation in a choppy area to 1.57 figure. We remain flat EURUSD and GBPUSD. Asia session highlights Westpac leading index (MoM) (AUG) DEWR skilled labor jobs (MoM) (OCT) BOJ Deputy Governor Nishimura speaks in Hiroshima Australian skilled jobs fell for the fifth consecutive month in October, sliding - 0.5%, while September's originally reported increase was revised, show the largest loss in 15 months. The result of the precarious situation of force strengthened economy to cool his largest export market and key behind their resistance while the global downturn 2008 - fuelling asset bubbles and galloping inflation efforts to its lively performance amid fears as China - steps. The Australian dollar dismissed the result however is rising currencies amidst a broad-based correction in accordance with other risks the massacre in U.S. trade. Euro part: What to expect English prices (MoM) price (SEP) English (YoY) (SEP) ECB of Vitor Constâncio speaks on economy convenience store sales (YoY) (SEP) Italian industrial orders s.a. (MoM) (AUG) Italian industrial orders n.s.a. (YoY) (AUG) Italian industrial sales s.a. (MoM) (AUG) Italian Industrial Sales n.s.a. (YoY) (AUG) PSNB ex interventions (pounds) (SEP) Bank of England Protocol (OCT 20) public finances (PSNCR) (pounds) (SEP) public sector net bonds (pounds) (SEP) the ECB Jürgen Stark talks about economy the release of minutes of October's Bank of England monetary policy meeting which can economic calendar headlines, but the result isn't market moving, expected along established the voting pattern on the MPC rate setting lines fall. In particular multi-annual Dove Adam should poses a result that would be hardly surprising given its recent public statements - during token Hawk, vote for an extension of the quantitative easing (QE) - Andrew sentence again for a rate increase will push. The remaining seven policy makers are likely to play things down Center at least until an updated quarterly inflation report in November is published. Elsewhere on the docket UK budget deficit monthly figures lays the Government cash deficit widened to 15.3 billion pounds in September - the largest in three months - and can show scare risk feeling amidst rekindled fears about the onset emerging economy and its implications for the fragile economic recovery. However, money should have cooled growth to an annual rate of 1.5 percent over the same period, marking a record low and hinted that the BOE in fact have space around the constraint on the tax side points without necessarily compromising of price stability.On balance, the session can prove gedämpften, with a gentle rise in S & - P-500-index-futures in late Asian trading hinted that a correction of yesterday's sell-off in the risky asset spectrum can be the order of the day, open the door for a retreat in the security-linked US dollar against most of its main Partnern.Besuchen for real time news and analysis please http://www.dailyfx.com/real_time_news get to future articles by e-Mail, contact Ilya at ispivak@dailyfx.com

DailyFX provides Forex News on economic reports and political events that influence the currency market.
You learn Forex trading with a free practice account and diagrams of FXCM.

Wed Oct 20 05: 52: 00 GMT 2010

/ / SET PAGE PROPERTIESvar sProperties = new object ();sProperties.server = 2.6.sProperties.channel = "fundamental: euro open'; / / pass page properties to Omnitureif (typeof sProperties!)"(= "undefined") {for (var) sProperty in sProperties {s [sProperty] sProperties [sProperty]; =}}Var s_code=s.t();if(s_code) document.write(s_code);

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Crude oil plunges hiking, gold gets pounded on dollar on China interest rate rebound

Raw materials - energy crude tumbles on China interest rate hike crude oil (WTI)-$ 80.27 / / $0,78 / / 0.98% commentary: crude oil was proposed in Friday's session to China for the first time in three years interest rates raised. The goods declined to pay $3,59 or 4.32% to $79.49. The Chinese Central Bank raised its key rate by 25 basis points, send deposit rates and 2.25% interest a year 5.56%. Given how crude oil bust and risk had become assets in general this was the catalyst for the dealer of looking were to lock in profits. But the door is very narrow when everyone is looking to stop once, so we looked on the line giant moves. Basically this does not change things much, but risks are always elevated when monetary conditions to worsen. China is still in the process of Orchestration a soft landing, and in this respect have been largely successful, but with crude oil at the top of a 1-year range, it is not surprising to see a movement, the low. As China represents 40% of this year's growth of in global demand, it is the single most important driver of oil bases on the demand side. Significant progress in the country are enlarged by traders in the short-term, and this is how we have such a large decrease in. Our Outlook remains the same. Buy crude oil on the dips look, but we would not fire up the low drag until Centre$ 70's. Global economic recovery is on the right track and crude oil should remain offer well in such an environment. Winnings are however extremely gradual as supply at this time is plentiful. Active trading is therefore needed to Excel. Technical Outlook: after prolonged consolidation that eventually put on prices, a bearish engulfing candlestick pattern well done in on 10 / 7, break, support stop at the 23.6% Fibonacci retracement of the latest boom ($81.20) just before the 38.2% level at $79.21. Fibonacci was 23.6% now as resistance revision has continued to sell, at the level $77.60 target of 50%. Raw materials - metals gold gets pounded on dollar rebound gold$ 1338.95 / / $6.90 / / 0.52% comment: it little surprising is the US dollar ahead sharp versus rivals on Tuesday, Gold hard beat got. The metal was to pay $36,40 or 2.66% to $1332.05. We have extensively about how recently gold dealer have used as a vehicle to written against the greenback bets. After the latest moves a month correlation between gold and the dollar is to 0.96. Gold has been show a strong positive correlation with stock markets, and this pattern instead both on Tuesday. The one-month correlation between S and P 500 stock index and gold is 0.92. The latest step in gold and the dollar can the Chinese interest rate hike, a reversal in all established trends as a merchant catalyzed attributed to lock in profits. Now we will look at to see if it follow through when a meaningful reduction now is in the works or whether this is a unique move was. Technical Outlook: prices have broken out by a growing channel in the town since the end of September, session help the 23.6% Fibonacci retracement of the advance 7/28-10/14 ($1332.99). Continued selling here aims at the level of 38.2% to $1299.37. Initial resistance lines where $1350-$ 1360 congestion region. Silver$ 23.62 / / $0.25 / / 1.09% commentary: gold, and how was acted as a leveraged game in typical fashion silver the day wennicheinanderes for gold, it was even uglier for silver. $0.96 Or 3.93% lost the metal to close to $23,37. The gold/silver ratio is now at 56.7, close to the lowest level since August 2008. (The ratio measures the relative performance of gold and silver) (A higher number indicates gold outperformance while a lower number indicates silver outperformance). Technical Outlook: prices reversed lower after retesting is resistance at the bottom of support turned set a growing channel from late September, the broken earlier this week, was taking out the next disadvantage barrier at $23.50. From here, the bears are a rising trend line of end objectives August, now at $22.83. For real time news and analysis, please visit http://www.dailyfx.com/real_time_news get future articles by e-Mail, please contact Ilya at ispivak@dailyfx.com

View the original article here