Currency Blog

TechnicalAnalysis.eu

markus — Thu, 04 May 2006 23:24:09 +0000

I’m really happy over the fact that I got the domain TechnicalAnalysis.eu in the .EU landrush phrase. This is no doubt the best domain for technical analysis in Europe, besides the .com and .de counterparts.

Plan for the domain Technical Analysis.eu
So, what should I do with it? I’ve acually contacted a swedish firm that are offering technical analysis, or TA as they call it. I will offer their packages on my site, for both UK stocks, German stock, French stocks and Swedish stocks of course. Then later on we plan to also include a forex service, with technical analysis for the most traded currencies, such as EUR/USD, USD/YEN and GBP/USD. If many people like the service with technical analysis for currency trading, then we’re adding the Elliott service package also. Lets see what happens. Next step is to write a business plan for the site, and start to write the text..

Where is the EURO heading?

markus — Thu, 27 Apr 2006 12:31:28 +0000

The latest months have been characterized by quite some moves by the EURO. Is the EURO/USD now heading down against 1.18 or up against 1.30? Lets have a look at the short time perspective!

US Economic Events (27th of April - 5th of May)

markus — Thu, 27 Apr 2006 12:12:22 +0000

Lets check out the latest US Economic Events for the period 27th of April until the 5th of May.

Date Â Â Â Â Â Â Time Â Â Â Â Release Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â For Â Â Â Actual Â Â Â Briefing Â Â Â Consensus

Apr 27 Â Â Â 08:30 Â Â Â Initial Claims Â Â Â Â Â Â Â Â Â Â 04/22Â 305KÂ Â Â 305K Â Â Â Â Â Â 303K Â Â Â - This will be important IF the numbers are a lot different.
Apr 27 Â Â Â 10:00 Â Â Â Help-Wanted Index Â Â Â MarÂ Â Â Â 39 Â Â Â Â Â 39 Â Â Â Â Â Â Â Â 39 - Not very important economic indicator..

Apr 28 Â Â Â 08:30 Â Â Â Chain Deflator-Adv. Â Â Â Q1 Â Â Â 2.8% Â Â Â 2.7% Â Â Â Â Â Â 3.5%
Apr 28 Â Â Â 08:30 Â Â Â Employment Cost Index Q1 Â Â Â 0.9% Â Â Â 0.9% Â Â Â Â Â Â 0.8%
Apr 28 Â Â Â 08:30 Â Â Â GDP-Adv. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Q1Â Â Â 4.7% Â Â Â 4.9% Â Â Â Â Â Â 1.7%
Apr 28 Â Â Â 09:50 Â Â Â Mich Sentiment-Rev. Â Â Â AprÂ Â Â 89.2 Â Â Â 89.0 Â Â Â Â Â Â 89.2 Â Â Â - Michigan Sentiment Rev is always important..
Apr 28 Â Â Â 10:00 Â Â Â Chicago PMI Â Â Â Â Â Â Â Â Â Â Â Â AprÂ Â Â 58.5 Â Â Â 58.0 Â Â Â Â Â Â 60.4 Â Â Â - And so is the Chicago PMI..

May 01 Â Â Â 08:30 Â Â Â Personal Income Â Â Â Â Â Â Â Â Mar Â Â Â NA Â Â Â 0.4%Â Â Â Â Â Â Â 0.3% Â Â Â - How much are the americans spending?
May 01 Â Â Â 08:30 Â Â Â Personal Spending Â Â Â Â Â Mar Â Â Â NA Â Â Â 0.4% Â Â Â Â Â Â 0.1%
May 01 Â Â Â 10:00 Â Â Â Construction SpendingÂ Mar Â Â Â NA Â Â Â 0.3% Â Â Â Â Â Â 0.8% Â Â Â - How much have been constructed lately?
May 01 Â Â Â 10:00 Â Â Â ISM Index Â Â Â Â Â Â Â Â Â Â Â Â Â Â Apr Â Â Â NA Â Â Â 55.1 Â Â Â Â Â Â 55.2
May 02 Â Â Â 00:00 Â Â Â Auto Sales Â Â Â Â Â Â Â Â Â Â Â Â Â Â Apr Â Â Â NA Â Â Â 5.4M Â Â Â Â Â Â 5.3M
May 02 Â Â Â 00:00 Â Â Â Truck Sales Â Â Â Â Â Â Â Â Â Â Â Â Â Apr Â Â Â NA Â Â Â 7.9M Â Â Â Â Â Â 7.8M
May 03 Â Â Â 10:00 Â Â Â Factory Orders Â Â Â Â Â Â Â Â Â Mar Â Â Â NA Â Â Â 1.5% Â Â Â Â Â Â 0.2% Â Â Â - Are the factory orders going up or down?
May 03 Â Â Â 10:00 Â Â Â ISM Services Â Â Â Â Â Â Â Â Â Â Â Â Apr Â Â Â NA Â Â Â 59.4 Â Â Â Â Â Â 60.5
May 03 Â Â Â 10:30 Â Â Â Crude Inventories Â Â Â Â Â 04/28 Â Â Â NA Â Â Â NA Â Â Â Â Â Â -226K
May 04 Â Â Â 08:30 Â Â Â Initial Claims Â Â Â Â Â Â Â Â Â Â Â 04/29Â Â Â NA Â Â Â NA Â Â Â Â Â Â NA
May 04 Â Â Â 08:30 Â Â Â Productivity-Prel Â Â Â Â Â Â Â Q1 Â Â Â NA Â Â Â 3.0% Â Â Â Â Â Â -0.5%
May 05 Â Â Â 08:30 Â Â Â Average Workweek Â Â Â AprÂ Â Â NA Â Â Â 33.8 Â Â Â Â Â Â 33.8
May 05 Â Â Â 08:30 Â Â Â Hourly Earnings Â Â Â Â Â Â Â AprÂ Â Â NA Â Â Â 0.3% Â Â Â Â Â Â 0.2%
May 05 Â Â Â 08:30 Â Â Â Nonfarm Payrolls Â Â Â Â Â Â AprÂ Â Â NA Â Â Â 198K Â Â Â Â Â Â 211K
May 05 Â Â Â 08:30 Â Â Â Unemployment Rate Â Â AprÂ Â Â NA Â Â Â 4.7% Â Â Â Â Â Â 4.7% Â Â Â - Very important economic indicator. Have a look at this!
May 05 Â Â Â 15:00 Â Â Â Consumer Credit Â Â Â Â Â Â MarÂ Â Â NA Â Â Â $4.5B Â Â Â Â Â Â $3.3B - Also very important.

All currencies

markus — Sat, 01 Apr 2006 02:00:09 +0000

If you are a currency trader, you probobly want to know all the currencies there are to trade with! The most popular currencies are USD/EURO, USD/GBP, USD/CHF, EUR/GBP and USD/JPY. Below you find all currencies:
AFAÂ Â Â Afghanistan Afghani
ALLÂ Â Â Albanian Lek
DZDÂ Â Algerian Dinar
ADFÂ Â Â Andorran Peseta
AONÂ Â Â Angolan New Kwanza
APSÂ Â Â Argentine Peso
AWGÂ Â Â Aruban Florin
ATSÂ Â Â Austrian Shilling

BSDÂ Â Â Bahamanian Dollar
BHDÂ Â Â Bahraini Dinar
BDTÂ Â Â Bangladeshi Taka
BBDÂ Â Â Barbados Dollar
BZDÂ Â Â Belize Dollar
BMDÂ Â Â Bermudian Dollar
BTNÂ Â Â Bhutan Ngultrum
BOBÂ Â Â Bolivian Boliviano
BWPÂ Â Â Botswana Pula
BRLÂ Â Â Brazilian Real
BNDÂ Â Â Brunei Dollar
BGLÂ Â Â Bulgarian Lev
BIFÂ Â Â Burundi Franc

KHRÂ Â Â Cambodian Riel
CVEÂ Â Â Cape Verde Escudo
KYDÂ Â Â Cayman Island Dollar
CLPÂ Â Â Chilean Peso
COPÂ Â Â Colombian Peso
KMFÂ Â Â Comoros Franc
CRCÂ Â Â Costa Rican Colon
HRKÂ Â Â Croatian Kuna
CUPÂ Â Â Cuban Peso
CYPÂ Â Â Cyprus Pound
CZKÂ Â Â Czech Koruna

DJFÂ Â Â Djibouti Franc
DOPÂ Â Â Dominican Peso

ECSÂ Â Â Ecuador Sucre
EGPÂ Â Â Egyptian Pound
SVCÂ Â Â El Salvador Colon
EEKÂ Â Â Estonian Kroon
ETBÂ Â Â Ethiopian Birr

GMDÂ Â Â Gambian Dalsi
GHCÂ Â Â Ghanaian Cedi
GIPÂ Â Â Gilbraltar Pound
XAUÂ Â Â GOLD
GTQÂ Â Â Guatemalan Quetzal
GNFÂ Â Â Guinea Franc
GYDÂ Â Â Guyanese Dollar

HTGÂ Â Â Haitian Gourde
HNLÂ Â Â Honduran Lempira
HUFÂ Â Â Hungarian Forint

IRRÂ Â Â Iranian Rial
IQDÂ Â Â Iraqi Dinar
IEPÂ Â Â Irish Pound/punt
ILSÂ Â Â Israeli New Shekel

JMDÂ Â Â Jamaican Dollar
JODÂ Â Â Jordanian Dollar

KZTÂ Â Â Kazakhstan Tenge
KESÂ Â Â Kenyan Shilling

LAKÂ Â Â Lao Kip
LVLÂ Â Â Latvian Lats
LBPÂ Â Â Lebanese Pound
LSLÂ Â Â Lesotho Loti
LRDÂ Â Â Liverian Dollar

LYDÂ Â Â Libyan Dinar
LTLÂ Â Â Lithuanian Litas
LUFÂ Â Â Luxembourg Franc

MOPÂ Â Â Macau Pataca
MGAÂ Â Â Malagasy Ariary
MGFÂ Â Â Malagasy Franc
MWKÂ Â Â Malawi Kwacha
MYRÂ Â Â Malaysian Ringgit
MVRÂ Â Â Maldive Rufiyaa
MTLÂ Â Â Maltese Lira
MROÂ Â Â Mauritanian Ouguiya
MURÂ Â Â Mauritius Rupee
MNTÂ Â Â Mongolian Tugrik
MADÂ Â Â Maroccan Dirham
MZMÂ Â Â Mozambique Metical
MMKÂ Â Â Myanmar Kyat

ANGÂ Â Â Netherlands Antillian Guilder
NADÂ Â Â Namibia Dollar
NPRÂ Â Â Napalese Rupee
NIOÂ Â Â Nicaraguan Cordoba Oro
NGNÂ Â Â Nigerian Naira
KPWÂ Â Â North-Korean Won

OMRÂ Â Â Omani Rial

PKRÂ Â Â Pakistan Rupee
XPDÂ Â Â Palladium (oz.)
PABÂ Â Â Panamanian Balboa
PGKÂ Â Â Papua New Guinea Kina
PENÂ Â Â Peruvian Nuevo Sol
XPTÂ Â Â Platinum (.oz)

QARÂ Â Â Quatari Rial

ROLÂ Â Â Romanian Leu
RUBÂ Â Â Russian Rouble

WSTÂ Â Â Samoan Tala
STDÂ Â Â Sao Tome Principe Dobra
SARÂ Â Â Saudi Riyal
CSDÂ Â Â Serbian Dinar
SCRÂ Â Â Seychelles Rupee
SLLÂ Â Â Sierra Leone Leone
XAGÂ Â Â Silver (.oz)
SKKÂ Â Â Slovak Koruna
SITÂ Â Â Slovenian Tolar
SBDÂ Â Â Solomon Island Dollar
SOSÂ Â Â Somali Schilling
ZARÂ Â Â South African Rand
KRWÂ Â Â South-Korean Won
SHPÂ Â Â St. Helena Pound
SDDÂ Â Â Sudanese Dinar
SDPÂ Â Â Sudanese Pound
SRGÂ Â Â Suriname Guilder
SZLÂ Â Â Swalizland Lilangeni
SYPÂ Â Â Syrian Pound

TZSÂ Â Â Tanzanian Shilling
TOPÂ Â Â Tonga Pa’anga
TTDÂ Â Â Trinidad & Tobago Dollar
TNDÂ Â Â Tunisian Dinar
TRYÂ Â Â Turkish New Lira

UGSÂ Â Â Uganda Shilling
UAHÂ Â Â Ukraine Hryvnia
UYPÂ Â Â Uruguayan Peso
AEDÂ Â Â Utd. Arab Emirate Dirham

VUVÂ Â Â Vanuatu Vatu
VEBÂ Â Â Venezuelan Bolivar
VNDÂ Â Â Vietnamese Dong

YUNÂ Â Â Yougoslav Dinar

ZMKÂ Â Â Zambian Kwacha
ZWDÂ Â Â Zimbabwe Dollar

Did we miss any currency? Tell us!

EUR/GBP

markus — Wed, 22 Mar 2006 03:05:55 +0000

Jumping in for a short trade at 0,6920. S/L at 0,6890 and T/P at 0,6960. Pretty stupid deal on the paper, hehe. But I hope for some easy pips. Been out of the currency trading game too long now.

Eur/Usd to test resistance again

markus — Wed, 22 Mar 2006 03:02:17 +0000

Seems like the EUR/USD are going to test the bottom resistance again. An interesting week to come.

EUR/USD to test resistance

markus — Sat, 04 Mar 2006 01:37:04 +0000

Seems like the EURO is about to test the resistance levels around 1.20 at Monday. If it breaks down, then the 1.1970-80 resistance is just close by to support it. My guess is that this currency pair will test those bottom levels before heading north again.

USD/YEN, longer perspective.

markus — Sat, 04 Mar 2006 01:21:11 +0000

Lets take and look at the USD/YEN in the longer perspective. It’s about to create a triangle right now and it is currently testing the bottom resistance around 115-115.5. It should be really interesting to see this currency pair testing the upper limits also.. Lets see what happens the coming weeks. Will give you fibonacci retracements and an complete Elliott Wave analysis when I have some better currency charts.

Economic Calender 3-10th of March, 2006

markus — Fri, 03 Mar 2006 20:02:32 +0000

5th of March
AUD - TD Securities Inflation (MoM, Feb) at 23.00 GMT.
Consensus 0.2%, previous 0.7%
AUD - TD Securities Inflation (YoY, Feb) at 23.00 GMT. Previous 3.1%
JPY - Capital Spending (4Q) at 23.50 GMT. Consensus 9.5%, previous 10.6%
JPY - Capital Spending incl Software (4Q) at 23.50 GMT.
Consensus 12.0%, previous 9.6%.

6th of March
EUR - Bloomberg Germany Retail PMI (Feb) at 9.00 GMT.
Consensus 50.7, previous 50.4.
EUR - Bloomberg Eurozone Retail PMI (Feb) at 9.00 GMT.
Consensus 50, previous 49.7.
EUR - Euro-Zone Retail sales (MoM, Jan) at 10.00 GMT.
Consensus 0.7%, previous 0.1%.
EUR - Euro-Zone Retail sales (YoY, Jan) at 10.00 GMT.
Consensus 0.8%, previous 0.8%.
USD - Building permits (MoM, Jan) at 13.30 GMT.
Consensus -18%, previous 27.4%.
CAD - Ivey Purchasing Managers Index (Feb) at 15.00 GMT.
Consensus 58.2, previous 54.1.

7th of March
GBP - BRC Retail Sales Monitor - All (YoY, Feb) at 0.01 GMT. Previous 3.4%.
GBP - BRC Retail Sales Monitor - Same Store (YoY, Feb) at 0.01 GMT. Previous 0.2%.
CHF - Unemployment Rate (Feb) at 6.45 GMT. Consensus 3.8%, previous 3.9%.
CHF - Unemployment Rate s.a. (Feb) at 6.45 GMT. Consensus 3.6%, previous 3.6%.
EUR - German Factory Orders s.a (MoM, Jan) at 11.00 GMT.
Consensus 1.3%, previous -1.6%.
EUR - German Factory Orders n.s.a (YoY, Jan) at 11.00 GMT.
Consensus 8.9%, previous 3.9%.
CAD - BoC Rate Decision at 14.00 GMT. Consensus 3.75%, previous 3.5%.

8th of March
GBP - Nationwide Consumer Confidence (Feb) at 0.01 GMT. Previous 98.
JPY - Leading Economic Index (Jan) at 5.00 GMT.
Consensus 85%, previous 81.8%.
JPY - Eco Watchers Survey: Current (Feb) at 7.00 GMT. Previous 52.1.
JPY - Eco Watchers Survey: Outlook (Feb) at 7.00 GMT. Previous 56.4.
CAD - Housing Starts (Feb) at 13.15. Consensus 231K, previous 248.1K.

9th of March
AUD - Employment Change (Feb) at 0.30. Consensus 10K, previous 1.8K.
AUD - Unemployment Rate (Feb) at 0.30. Consensus 5.3%, previous 5.3%.
CHF - CPI (MoM, Feb) at 6.45. Consensus 0.1%, previous -0.2%.
CHF - CPI (YoY, Feb) at 6.45. Consensus 1.2%, previous 1.3%.
GBP - HBOS House Price s.a (MoM, Feb) at 8.00.
Consensus 0.3%, previous -0.4.
GBP - HBOS House Price n.s.a (3M/Y, Feb) at 8.00.
Consensus 5.1%, previous 5.1%.
GBP - Industrial Production (MoM, Jan) at 9.30.
Consensus 0.2%, previous 0.2%.
GBP - Industrial Production (YoY, Jan) at 9.30.
Consensus -1.7%, previous -2.6%.
GBP - Manufacturing Production (MoM, Jan) at 9.30.
Consensus 0.2%, previous 0.3%.
GBP - Manufacturing Production (YoY, Jan) at 9.30.
Consensus -1.4%, previous -2.2%.
GBP - Visable Trade Balande (GBP/Mn, Jan) at 9.30.
Consensus -Â£5800%, previous -Â£6061%.
EUR - German Industrial Production n.s.a w.d.a (YoY, Jan) at 11.00.
Consensus 3.2%, previous 3.5%.
EUR - German Industrial Production s.a (MoM, Jan) at 11.00.
Consensus 1.0%, previous -0.5%.
CAD - New Housing Price Index (MoM, Jan) at 13.00.
Consensus 0.5%, previous 0.6%.

10th of March
The economic calender for the 10th of March will be updated soon.

Today’s exchange rates (3/3, 2006)

markus — Fri, 03 Mar 2006 19:28:10 +0000

The most notable change since yesterday is probobly the 0.5 % change in
USD/JPY exchange rates. Too see the YEN in a longer perspective, plese check out the technical analysis field. There you will find a complete graph with resistance levels as well.