Results for ifo
3 articles with this tag name
  • Compared to yesterday’s sharp moves in the currency and equity markets, trading has been relatively quiet. U.S. stocks meandered in and out of negative territory while the U.S. dollar traded higher against nearly all of the major currencies. Profit taking has hit the financial markets dragging equities and currencies lower. This consolidation gives investors the time to think about whether Monday’s rally is the beginning of a new bull market or just a strong bear market rally. Since March 6th, the S&P 500 has increased 23 percent, which is marginally less than some of the rebounds that we saw during the Great Depression. The point is that equities could still extend its gains while remaining in an overall downtrend.
  • The EUR/USD rallied through the 1.3300 level in early European session on the back of better that expected IFO results, but couldn’t hold that level for long as profit taking pushed equities lower and curbed some of the risk appetite that dominated overnight trade. The IFO survey of business climate surprised to the upside printing at 83 versus 81 forecast while the current assessment component also beat expectations coming in at 86.8 versus 85 projected.
  • The Federal Reserve is currently holding a two day monetary policy meeting and it will be interesting to see whether they are desperate enough to introduce radical programs that can incite the enthusiasm of investors. With interest rates virtually at zero, a rate cut is not expected, but the central bank is under pressure to take further action. So far, their effort which includes 500bp of easing has helped to prevent the recession from turning into a depression but it has yet to stabilize the economy. The latest string of economic data indicates that the US economy is still on a downtrend and headed lower. The FOMC rate decision tomorrow could be a nonevent for the US dollar, but if the Federal Reserve is desperate enough, they still have the power to surprise the markets.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
NZD/USD
Medium term



Buy Buy at .6912
Stop at 0.6882
Target at 0.6958
GBP/JPY
Medium term



Sell Sell at 139.2700
Stop at 140.39
Target at 137.58
GBP/JPY
Short term



Sell Sell at 139.1200
Stop at 139.82
Target at 137.51
There are currently no trades in progress.

QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3678
  • 1.3774
  • 1.3639
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.5054
  • 1.5207
  • 1.5018
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.51
  • 90.80
  • 90.35
USD/JPY
5 min chart
  • OIL
  • down
  • 79.88
  • 81.27
  • 79.12
CLJ0
5 min chart
  • GOLD
  • up
  • 1108.3
  • 1108.8
  • 1100.8
.GOLD
5 min chart
  • US Stocks
  • down
  • 10640
  • 10646
  • 10569
.US30
5 min chart
  • UK Stocks
  • down
  • 5619.8
  • 5632.3
  • 5586.3
.UK100
5 min chart
  • DEM Stocks
  • up
  • 5940.3
  • 5952.5
  • 5897.3
.DE30
5 min chart
  • JP Stocks
  • down
  • 10731
  • 10801
  • 10667
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3678
  • 1.3774
  • 1.3639
5 min chart
  • GBP/USD
  • down
  • 1.5054
  • 1.5207
  • 1.5018
  • USD/JPY
  • down
  • 90.51
  • 90.80
  • 90.35
  • USD/CHF
  • down
  • 1.0616
  • 1.0642
  • 1.0579
  • USD/CAD
  • up
  • 1.0190
  • 1.0232
  • 1.0162
  • AUD/USD
  • down
  • 0.9142
  • 0.9177
  • 0.9095
  • NZD/USD
  • down
  • 0.7014
  • 0.7054
  • 0.6986
  • USD/MXN
  • down
  • 12.5390
  • 12.5785
  • 12.5325
  • EUR/JPY
  • up
  • 123.82
  • 124.96
  • 123.31
  • GBP/JPY
  • down
  • 136.26
  • 137.93
  • 135.80
  •  
  • current
  • high
  • low
 
  • OIL
  • down
  • 79.88
  • 81.27
  • 79.12
5 min chart
  • GOLD
  • up
  • 1108.3
  • 1108.8
  • 1100.8
5 min chart
  • SILVER
  • up
  • 17.11
  • 17.144
  • 16.947
5 min chart
  • US500
  • down
  • 1150.9
  • 1151.5
  • 1141.1
5 min chart
  • UK Stocks
  • down
  • 5619.8
  • 5632.3
  • 5586.3
5 min chart
  • DEM Stocks
  • up
  • 5940.3
  • 5952.5
  • 5897.3
5 min chart
  • JP Stocks
  • down
  • 10731
  • 10801
  • 10667
5 min chart
  • AU Stocks
  • up
  • 4779.0
  • 4835.0
  • 4756.0
5 min chart
Data source: GFT

FX NEWS ALERTS

Receive daily forex commentary, technical analysis reports and potential strategies from Kathy Lien, Boris Schlossberg and their team of technical analysts.
  • Your first name:
  • Your last name:
Your email address:


close
Just a few more things...
Your city:
Your state / province:
Your country:
Your phone number:

Country Code Area / City Code Phone Number
close
One last step: choose your alerts.
Top stories in financial news, recent data releases and upcoming events to look out for, detailed technical analysis and potential strategies for major currency pairs. Four to five emails daily.

Analysis and key outcomes of recent market movements and news announcements with a forecast for upcoming market activity. Five to seven emails daily.

close
Thank You for Subscribing to FX News Alerts!
Based on your request, you will receive daily alerts and/or commentary via the email address you provided.
Please note that you may receive other information, including but not limited to free reports, promotional offers and other related communications.

CENTRAL BANK RATES


What is social bookmarking?

Social bookmarking refers to a method you can use to store, organize and manage bookmarks of web pages that interest you. These could be news articles, movie reviews, places you want to visit — any type of web page. The main advantage is that unlike traditional Internet bookmarks that are specific to one computer, you can use social bookmarking to add and access bookmarks from any computer with an Internet connection.

Another benefit of social bookmarking is the ability to share web pages with friends, family or anyone who has similar interests. Likewise, you can visit the pages that other social bookmarkers share with you.

All pages within our website include links to social bookmarking websites. These websites are free to use and require only a simple registration. This allows you to capture useful information you find on our website and share it with other traders like yourself. Your GFT bookmarks can become a reference if you have a question, want to revisit a concept that you found valuable or would like to tell someone about GFT.

Learn more and get started at Reddit, Digg, Del.icio.us, Google and Yahoo.