Forex Trade Talk 10:00 GMT 27 September 2011

September 22 2011 by Aidan Creal in Forex Release |No Comments

Key Items U.S. CB Consumer Confidence, 2yr Auction.
The CNBC report yesterday that European officials were working on a scheme to build a special purpose vehicle to lever up existing EFSF money appears to have been an idea than something about to be put in place.
It does appear that the direction where discussions are headed centers on avoiding parliamentary approvals by the EU governments, which could take years, and also avoiding direct ECB participation. The current approach seems to be to find away to lever up in one way or another EFSF funds through an existing European institution.
This seems to be the only way to get something done in a timely manner. Sgns of clear progress in this direction would be EUR positive..
Although Monday was a range day, the concern continues to be on the liquidity of the European banking system, and the counterparty risk overseas that such entails.
Friday is month and quarterend. Some major institutional market participants by necessity must close out positions on these calendar dates. The Japanese fiscal halfyearend is also at hand. Repatriation demand appears to have been generating JPY demand.

Forex #REF! GBP vs. 9:35 EUR 1.3514 1 JPY 103.30 1 JPY 118.73 24 GBP 1.5533 31 GBP 87.00 18 CHF 140.25 16 CHF 0.9029 8 CHF 1.2202 12 CHF vs. JPY 76.44 0 JPY 84.66 8

Some traders focus intently on the Japan vs. U.S. 2yr note spread .

COMMODITIES and Commodity Currencies

Commodity 9:35 CAD 1.0252 25 AUD 0.9880 69 Gold 1671 52.79 CNY 6.3975 0 NZD 0.7864 70 WTI 82.64 1.49

EQUITIES & INTEREST RATES

Bonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up , the return and allure of risk trades such as equities falls.

Equities 9:35 NIK 8610 236 DAX 5510 165 DJIA 11044 0 HSI 18131 723 FTSE 5089 0 S&P 1163 0 SSEC 2415 22 SMI 5509 0 NAS 2517 0 ASX 4005 321 TSE 11666 0

The information upon which Global Viewpoint, Inc. Bases its Forex analyses is obtained from sources it believes are reliable, but Global Viewpoint, Inc. Does not guarantee the accuracy, reliability, timeliness or completeness of any of the information, content, views, opinions, recommendations or services, contained on, distributed through, or linked, downloaded or accessed from any of the services contained on the GlobalView site, and use of the information provided on this web site is at your sole risk. GlobalView specifically represents that it does not give investment advice or advocate any purchase, sale or trade.

Opinions expressed on the forum pages are not necessarily those of Global Viewpoint, Inc. In using the forums you should not assume that any messages provided have been reviewed by Global Viewpoint, inc., or that such communications contain correct information, Global Viewpoint, Inc. Disclaims any warranty, whether express or implied including, without limitation, warranties of merchantability and fitness for a particular purpose, with respect to the service or any materials and products. None of the materials presented on our web site are to be regarded as investment advice.

In no event shall Global Viewpoint, Inc. And other information providers, be liable for direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever, with respect to the service, the materials and the products.

Top Forex Trading

Get currency forecasts and trading ideas from our experts