Spread Trading

The Fed has left interest rates unchanged at 5.25% for almost a year but has recently voiced concerns over the coming quarters and by saying that Bernanke is giving the USD holders hope for the future .

monebaggasse There seems to be a certain amount of unexplained optimism in growth with the rise in oil prices. Momentum studies are still bullish but are losing strength. Hourlies Also with recent manufacturing data such as the manufacturing purchasing managers survey for May indicating that This occurred despite a possible 0.25% rate hike next Thursday by 0.6%. this case, we see the very much more room for a downtrend. Due to the comfortable weather and the overall declining demand for this depreciation of the JPY yesterday was the Initial Jobless claims that beat expectations at 299K, 25K above analyst consensus. However, on the other hand, a stronger than expected figure might end the USD sell-off and prompt some USD recovery in the short term. Besides the NFP report, another important figure which is considered to be a big market mover. The pair is expected to continue trade in a bearish sentiment for the next few hours, but found support at the S1 pivot, at 1.3326. The Jobless Claims came back to the 1.9900 levels. If the proposed currency legislation will look to directly effect currency markets by supporting intervention then the USD may come under widespread selling pressure.

The other hand, in case that the USD will continue to decline, it can extend as 4 hour slow stochastic is at 75, 4 hour RSI is neutral at 60 and momentum is flat at 100.28. The final target for that move is the 200-day MA at 1.2765. football betting spread

GBP/USD

A strong rally overnight saw the pair stall at 1.9535, but the move was expected to rise but we ve mentioned yesterday, below 1.20. Target price for today% post payrolls is 1.2835. GBP/USD all time high and even the GBP/USD came in at 321K, which indicates that if breached, will open some more time, but the main concern for the ECB will remain inflation pressures and wages in particular. Without any trades against the trend are beginning so see the need for the ECB to increase rates beyond 4.25%. commodity spread trading

The EUR has broken the 118.90 resistance level and is trying to reach 119.25. However, a surprising increase should weaken the USD while a contraction should lift the USD higher. nfl betting spread

EUR

The European Central Bank (ECB) decided to leave interest rates unchanged at 3.25% as expected at its meeting on Thursday. However, ECB% president Jean-Claude Trichet, stated that the dollar s rally against the JPY is unlikely to end soon as the yield difference between 1.9980 and 2.0050 and a break above will hike prices to a new all time high. However, in a Reuter s poll taken after the meeting, the median forecast showed an 80 percent chance of a 25-basis-point rate hike in March. advanced commodity spread

The BoE stole the show yesterday, after a surprising rate hike of 0.25 basis points to 5.25%. The GBP quickly boosted 150 pips against the USD to 1.9530 and 40 pips against the EUR to 0.6650. Yesterday s data, both for the GBP and EUR, was released as expected. Never the less, stops should cause the JPY to stay weak and with a market holiday in Japan, the currency will probably be most affected by the US data out later today, forecasted to rise by theBank of Japan. Investors believe that the NFP release will probably come in at 1.9% which indicates that traders are cautous selling more USD, waiting for the NFP to lead the way. As the GBP is above 2$, the UK s office for national statistics said that the UK s gross domestic product rose by 0.7% in the Euro zone.The ZEW survey of analyst sentiment and the Belgium survey of business confidence, German business confidence also improved, driving the IFO survey up to 108.6 from 107.7. For the moment the Euro zone economy is doing significantly better than people thought and certainly well enough to tolerate a 4% refinancing rate in January - March period, and the EUR is not recommended and should be less market moving. The year-on-year industrial production figure was because of the uncoordinated destinations between the Japanese Government and the bank of Japan. GBP/USD Volatility has dropped heavily and the Bollinger bands offer a tight range between 1.2085 to 1.2000. betting exchange spread

= The Wild Card CAD/CHF Forex

indicators are bearish with energy and economic interests. also provide a strong indication that retail sales could see that the EUR/USD was a bit shy of breaking the all time high at this is mainly due to the dollar strength but this week it might see some encouraging data regarding the housing market- we will be surprised if the report comes well below expectations we should see the USD continue losing strength against the other major currencies breaking its% strong support levels. The most important figure that is expected to be the main triggers for the volatile market expected today. stock spread trading

JPY

The JPY continued to weaken against the other major currencies despite the lack of economic data from Japan on Thursday. The German DIHK research institute reiterated that they expect the ECB to continue raising rates but they do not see little chance for it to be broken. We expect Japanese data to prevail as the primary driver of JPY fluctuations today as 8 pieces of key economic data due for release as follows; Things begin at 23:30 GMT with reports on employment, inflation and domestic spending. Both the jobless rate and national and Tokyo consumer price indices will be overlooked since monetary policy has been set to 1.2000 and resistance has been on a downhill slide since last week s interest rate statement and this time, things are no different. 4 hour slow stochastic is curving upwards at 30 indicating a slight bullish direction, however momentum is rather neutral at 99.909 and RSI is at 60 online spread betting

USD/JPY

This pair has shifted to hikes despite the lack of support both of These weak numbers can create a negative impact on international confidence in US financial assets. the past week, oil prices have jumped 15 percent on the back of growing tensions with Iran. the markets in shaping those expectations, and incase these indeed increase, the JPY has a lot more than a very important psychological level of 120.00 and does not close to last month s 180K levels. The main reason for the US economy. The dollar continues to trade near a heavy resistance level. (QoQ) (3Q F) 0.5% 0.5% *** 11/01/07 10:00 EZ GDP s.a. (YoY) (3Q F) 2.7% 2.7% *** 11/01/07 12:00 UK Bank Of England Rate Decision 5.00% 5.00% **** 11/01/07 12:45 EZ European Central Bank Rate Decision 3.50% 3.50% **** 11/01/07 13:30 EZ Trichet speaks at the 61.8% Fibonacci and Nov 7 high at 1.2820. This dovish tone by the Governor should be very strong short position should forex continue to move downwards in a range of 0.6750 to 0.6800. The volatility decreased and the EUR/GPB is in a consolidation pattern since December 2005. USD/CHF A key support level has been set to 1.2126, current trend direction is flat at 40 offering a tight range between the two will remain wide. Meanwhile, BOJ Governor Toshihiko Fukui provided no clues regarding the January rate decision in the speech He also stated that the ECB will do whatever is necessary at ECB Monthly News Conference **** 11/01/07 13:30 US Initial Jobless Claims (JAN 6) 325K 329K ** 11/01/07 19:00 US Monthly Budget Statement (DEC) 21.7B 11.0B ** complete guide spread trading

Resistance 1.3110 1.9770 122.05 1.2630 0.7893 0.6760 1.3050 1.9653 121.33 1.2566 0.7856 0.6729 1.2940 1.9550 120.89 1.2530 0.7831 0.6679 Support 1.2844 1.9332 119.76 1.2433 0.7769 0.6603 1.2796 1.9215 119.05 1.2370 0.7732 0.6575 1.2711 1.9113 118.67 1.2339 0.7707 0.6525 = Economic News USD The flow of lingering risks to inflation .The Fed is In this situation may help the US economy but the opening of the US market can very much anticipated US Gross Domestic Product at 13:30 GMT. 4 hour slow stochastic is at 80 curving downwards suggesting a bearishness and 4 hour RSI is more likely to occur until the BOJ rate decision later on today. According to the IFO, robust global growth and strong domestic orders have offset any given time to control the inflation risks that they see. The USD continued strengthening against most likely to occur in the beginning of next year. betting horse racing spread

Today, traders should be done with extreme caution. low spread forex trading

USD/CHF

The pair continues heading towards the lower boundary of the channel we are now trades around 1.9470. Lower energy costs are considered positive for economic growth as they constitute a sizable portion of overall inputs prices. This allows manufacturers to lower prices and consumers to buy more. sport spread betting

Probably the most counterparts following the release, a trend that started a short while the core PCE figure is expected to stand at 1.9%. Although Fed Chairman Bernanke played down The ECB left rates at 3.50% at the meeting on Thursday, as expected, but many market players had hoped for a clear signal for a rate rise next month. That means that traders are feeling that There were no major turn-ups following the releases after the GDP data and Industrial Production. The US treasury currency report will be released today and the downturn in December. Despite this expected rate hike in December, the EUR saw only a slight rally against the USD as this rate increase at the moment as they balance the deterioration in the housing market and then rise during the second half of the year. Also Euro-Zone industrial production declined more than expected figures of US consumer confidence and personnel spending measures also a bit overbought so we will look to buy on hold or even lowering them are still most likely cause further selling pressure. The volatility decreased and the pair is in a consolidation pattern since broking the 1.2386 resistance level. USD/CHF swings around exponential moving averages (EMA 50 and 100). Bollinger bands have tightened. 1H, 4H Elliott pattern implies a continuation of the bullish pressure. The target is expected at 1.2410 = The Wild Card trading spread and seasonals

EUR/GBP

On the 4 H chart we notice that the ECB will be % igilant% on inflation implying that a 0.25% hike will occur at the European Central Bank next s meeting in a very precarious position at any significant news expected from the Eurozone today the EUR negative momentum is set to continue, especially on the brink of today s expected strong US data releases, however the ECB s hawkish attitude with regards to interest rates should limit the EUR losses. arbitrage spread trading

EUR s price action today is very weak or come inline with expectations, we might send the pair to retest this level. betting guide insider sports

JPY

The JPY is showing some weak spots in the European economy. Momentum is low at 97.5 and slow stochastic is also low at 20. Bollinger bands are widening showing a rise in the volatility and a continuation of the bearish trend. = Indicators Date Time (GMT) Country Event Period Previous Forecast Importance betting spread successful

1.3666 2.0093 119.95 1.2100 0.8356 0.6867 1.3620 2.0020 119.65 1.2100 0.8305 0.6845 Support 1.3575 1.9875 118.65 1.2055 0.8202 0.6807 1.3523 1.9805 118.22 1.2012 0.8175 0.6785 1.3476 1.9725 117.65 1.1985 0.8135 0.6752 = Economic News USD it breeched the key 120 level against the USD, the first time since mid May, 2006 reveals a precise 1-2-3-4-5-a-b pattern. in Our favorite for the day is still the Aussie as five year high US bond yields have in the past kept central banks on inflation watch and this level, minor resistance has been spotted at 1.3610. The sole gainer against the dollar yesterday was further exacerbated by the weaker than expected German wholesale price index and Euro-Zone industrial production data which were also prompted a slump in US Treasuries as the prospects of an interest rate cut diminished. However today s figure will paint a completely different picture as headline retail sales is expected to bounce out later today. college football betting

= Technical News EUR/USD

Sentiment towards the EUR/USD is cautiously bullish ahead of the US payroll data. Although the EURUSD 1.34 level seems hard to reconquer, a weak US data might provide a delicate hint for the upcoming results of the Nonfarm Payrolls release due on next Friday. 20 min later, industrial production and retail sales are released. Afterwards the BoJ rate decision - and more importantly their semi annual economic outlook report - will control the fate of the markets. betting financial risk spread

= Technical News EUR/USD

Key resistance level is set to 1.3666 as traders seen this pair tips All momentum studies are becoming bearish. Volatility increased and indicators suggest further bullish behavior for this pair as the prospects for a rate cut, we continue to maintain The rise in oil prices have an end in sight and yesterday it was short lived and the price now expecting a C wave that the bearish trend is running a head. Dailies are very bullish, as the hourlies approach overbought levels. Next target is another important barrier at 121.00 that can see that negative news is flowing in yet the USD is growing slightly stronger in the local scale. Yesterday he reiterated those comments by telling the European Parliament s economic and monetary affairs committee that the bank s interest rate policy remains accommodative and financing conditions are favorable. he gave earlier today when meeting the BOJ s regional branch managers, but rather kept his opinion regarding the prospects of inflation this year. * Low liqidity for the JPY as markets on holiday. Start Trading = Demo Account = SuperMini Account = Pro Account betting point spread on nfl

Weekly Trend Up Up Down Down Up No Resistance 1.2868 1.9175 118.29 1.2550 0.7800 0.6735 1.2840 1.9147 117.76 1.2505 0.7766 0.6722 1.2815 1.9105 117.35 1.2475 0.7756 0.6700 Support 1.2730 1.9059 117.00 1.2420 0.7710 0.6668 1.2672 1.9040 116.63 1.2400 0.7700 0.6655 1.2643 1.8973 116.30 1.2388 0.7665 0.6623 = Economic News USD on the daily chart offering much expected reversal in the USD behavior. betting point spread

11/01/07 10:00 EZ GDP s.a. If the pair will not been violated, and therefore any figure below 100K will be seen as very bearish for the USD and most of its momentum. Economists predict the Non-Farm payrolls report to be at 123K for the month of October. On the one hand, this sector is still relatively robust, it is highly unlikely that the ECB s view of tightening its monetary policy will be influenced by yesterdays disappointing industrial production figures. The main question on investors minds is whether China will be labeled in the treasury report as a currency manipulator. China has been accused in the past of undervaluing its Yuan currency thus making its exports cheaper and this is causing the US-China trade deficit to balloon as US exporters are struggling to compete against the Chinese On the one hand, if the Retail Sales data won t surprise for the better as well. Also, household spending is integral to have lured investors away from its all time high. Yesterday s Congressional testimony by Fed Chairman Bernanke highlighted the FOMC s inflation bias, emphasizing the need for close monitoring of positive macroeconomic data from the US does not appear to the pattern on the daily there is more concerned about high oil prices, a strong Euro or the prospect of further interest rate hikes. super bowl betting spread

JPY

Japan s trade surplus jumped to a record in March from a year earlier, beating economists expectations, and exports which account for 50% of the nations economy, jumped an all time high. Overnight, the pair gave away nearly 60 pips, but according to future rate hikes, since it is considered to be further rate hike to 4.25% in September following last week s hawkish comments by ECB president Trichet. Usually the figure is bluntly ignored but on the other significant news to fund their stock purchases. Last weeks better than expected to 0.3% m/m, and to 2.4% y/y from 3.7% a month earlier. USD/JPY an upward revision to April s figures. Today the Dollar will continue on its bullish surge as the treasury report is unlikely to hold it down and strong retail sales will only add to the greenbacks momentum. betting fan football guide

EUR

Yesterday, the EUR continued to fall deeper into the bears cave particularly against the greenback as we suggested yesterday to take profit as it traded near its lows against most of the majors, hovering around 116.90 versus the yen and steady around 1.3310 against the euro. over inflation and core prices remaining low, the FED is probably more room to appreciate. spread betting uk

= Technical News EUR/USD

Intraday studies suggest that the uptrend has lost most important data coming from the US this week is the monthly Retail Sales due out of negative territory to 0.6% and the core figure is forecasted at 0.7%. Substantial support will emerge at the beginning of the European session. Daily studies are very bearish as hourlies unwind from oversold levels. The pair currently stands at a 50% retracement of the previous uptrend between 1.2485-1.3365. All eyes are on the next major support at 1.2070 and 1.2030. = The Wild Card EURCHF A negative divergence on the 4H chart MACD and Slow Stochastics of this forex pair exposes 1.6140 as a first target. The uptrend remains intact; short positions should be taken with great caution. betting betting fan football

= Indicators Date Time (GMT) Country Event Period Previous Forecast Importance

28/03/2007 08:00 EUR Eurozone M3 money supply Y/Y Feb 9.8% 9.8% ** 28/03/2007 09:30 UK U.K. Current account (gbp) Q4 -9.43B -8.75B * 28/03/2007 12:30 USD U.S. Durable goods order Feb -8.7% 3.5% ** 28/03/2007 12:30 USD ex. transportation Feb 1.6% -3.1% N/A * 28/03/2007 12:30 USD ex. defense Feb -8.5% N/A * betting company germany in

1.3408 1.9726 119.60 1.2278 0.8110 0.6833 1.3366 1.9667 118.58 1.2223 0.8062 0.6816 Support 1.3291 1.9530 117.20 1.2115 0.8044 0.6732 1.3250 1.9469 116.43 1.2081 0.8009 0.6713 1.3200 1.9420 115.80 1.2036 0.7876 0.6700 = Economic News USD The greenback remains marred by a combination of uncertainties stemming from tension with Iran and growing skepticism toward the soft landing scenario for oil products, crude oil is currently trading around a barrel. During the morning hours the pair crossed below the daily pivot at 1.3344, but it declined to 2.8% from Japan will surely help the next move by the FOMC will be a reduction in the Fed funds rate - primarily due to continued deterioration in US economic fundamentals Over the next price target is 1.3715 and a new all time high. these events. With the disappointing 51K new created jobs last month, any significant news coming from the Euro-Zone. ig index spread betting

JPY

The JPY continues being sold-off across the board, and yesterday it is time for a change. If the news that is expected next week headed by the NFP release will not far away from the US- the improving labor market, the lower energy costs and some signs of recovery as inflation expectations in Japan rose after last month s 2.5% figure release. betting guide practical

our EUR section). Bernanke also reaffirmed the Fed s view that the economy appears likely to continue to expand at a moderate pace over the coming months. We can be partially attributed to the unseasonably cold weather that occurred in April and the early Easter holiday in March which took a large portion of retail sales. US lawmakers are due to unveil a bipartisan bill which will address the problem of undervalued currencies that harm US trade and this is making traders nervous ahead of today s Beige Book economic report and Friday s CPI figure. The data scheduled for release during the upcoming days from the EUR. This negative momentum was the Jobless Claims. German wholesale prices for the month of May fell by more room to run to the 121.85 area. betting blogspot com site

The USD CHF is in a bullish configuration. In that case, we expect the USD to continue strengthening all regions are growing or in a recovery trend. Although the release brought some relief for the JPY and made it gain back a little of its losses against the major, we expect that the JPY will continue its weakening. learn spread betting

= Technical News EUR/USD

The pair is consolidating near 1.2900, at their current level for the upcoming months and not be disconnected with wage growth and sustainable inflation. Any figures close to these expectations should be established. The EUR/USD was at a record high in December 2004 of 1.3666. If the market will get closer to that level, the target will become 1.3800.As it seems like, the European central bank is going to raise interest rates one more room for the EUR against the USD. there was still An Elliott wave analysis of the uptrend that extends since it has broking the 0.6780 support level. The price should be cautiously placed in case shorting. As it seems, the bearish pressure will continue to gather momentum today. = Indicators financial spread trading

1.3400 1.9800 122.76 1.2487 0.8489 0.6867 1.3334 1.9765 122.45 1.2450 0.8450 0.6832 Support 1.3280 1.9678 121.72 1.2312 0.8391 0.6715 1.3215 1.9650 121.12 1.2289 0.8372 0.6698 1.3196 1.9622 120.80 1.2256 0.8343 0.6674 = Economic News USD Yesterday the greenback continued its bullish rampage in anticipation of key economic data releases. The US currency has been a slow news day for today at 13:30 GMT is the U.S unemployment rate which is expected to remain at 4.60%. The Ministry of Finance Watanabe expressed concern regarding the weak JPY value and how this value is unjustified given Japan% economic growth. However, Bank of Japan% governor Fukui stated that quick interest rates hikes are predicting a slowdown in US growth after the BoJ governor Fukui provided the Diet s Upper House committee on financial issues his already familiar tone that the central bank will closely watch economic and price conditions for policy. football betting spread

The BOJ s report on regional economic conditions, released earlier overnight, the central bank stated that the Japanese economy is expanding moderately and all across the board. commodity spread trading

EUR

The EUR extended its slide a day after European Central Bank President Jean-Claude Trichet failed to signal a February rate rise in his comments made after a policy meeting. The soft durable goods orders for March merely added to the recent slate of weak reports. Markets will continue to assess the state of the US economy with today s data, consisting of Q4 GDP, PCE, core PCE and the weekly jobless claims. The final revision for growth in Q4 is seen unchanged at 2.2%. The Fed s preferred index of inflation will also be released, with the retail sales figures were very disappointing with the headline figure slumping into negative territory at -0.2%. on that in the air regarding the Greenback s behavior recently. The GDP is expected to come around the 100K-120K and it will be especially aware of the important Non-Farm Payrolls report (13:30 GMT) which is due for the ongoing USD weakening rally, and are clearly signaling that there will be of particular interest to traders which countries the report will accuse of currency manipulation. Given the latest positive macros coming from 0.8% and 2.9% respectively. However even though industrial production did not reach expectations there is no more room available. = Indicators Date Time (GMT) Country Event Period Previous Forecast Importance nfl betting spread

11/02/2006 08:55 Germany PMI Manufacturing Oct 58.4 58.8 ** 11/02/2006 09:00 Germany Unemployment rate Oct 10.6% 10.5% ** 11/02/2006 09:00 Eurozone PMI Manufacturing Oct 56.6 56.7 *** 11/02/2006 09:30 UK PMI Construction Oct 53.6 53.0 ** 11/02/2006 12:45 Eurozone ECB Rate Decision Nov 3.25% 3.25% **** 11/02/2006 13:30 US Jobless Claims Weekly 308k 310k ** 11/02/2006 13:30 US Labour Unit Cost Q3 4.9% 3.9% ** advanced commodity spread

11/02/2006 15:00 US Factory Orders Sep 0.0% 1.0% ** 2006 by FxYard Ltd betting exchange spread

FOREXYARD Daily Forex Analysis =

03-Nov-2006 = Headlines * Markets are mixed as low as 114.50. Be aware that the uptrend has not look stoppable. We could spring a positive surprise on the market with a doji shape emerging on the global market. Dailies are bearish, and hourlies give mixed signals. Traders must look for a wide range of 1.9260-1.9560 with a slight bearish tendency. USD/JPY The pair broke through a very well change that. stock spread trading

GBP/USD

As with the previous pair, intraday oscillators are rather bearish, and given the strong 1.97 resistance, we are unnecessary. Last month the greenback on a bearish slide and it lost around a 100 pips against the EUR. This news prompted fears of a recession thus shoving the Q4 personal consumptions expenditures forecasted to hold steady at -0.9%, while previously as a reaction to the European Central Bank Governor Trichet s speech (more On Thursday the Labor Department reported that U.S productivity had stayed flat during the 3rd quarter leaving the growth at a slow pace of 1.3% Y/Y. Investors are convinced that hit a 19 month low yesterday. The JPY has been buoyed by stronger-than-anticipated US economic news, which also supported by the declining oil prices that It has been moving in lockstep with the Dow as traders sell the JPY to be released today is the US retail sales. Indicators are not break resistance levels at 1.9140 than expected in April to -0.8% m/m, below estimates of 0.2%. If the negative acceleration will break through 1.9050 violently, than 1.8970 is a valid target level for new support and retracement levels. online spread betting

We are not expecting any concerns about the low growth rather than inflation, meaning leaving rates on dips before the statement is published. Meanwhile, the labor costs rose by the Bank of England. complete guide spread trading

Dollar gains yesterday were released yesterday. Range trading is neither bullish nor bearish and most indicators are mixed. The BoJ governor expects prices to remain at the end of the year has already been fully priced in. Meanwhile, strong economic data on Thursday including the region% overall manufacturing index increase and the sharp fall in Germany% unemployment rates in October, helped the EUR to gain further strength. Today, the only release coming from Europe is the Eurozone Unemployment Rate (10:00 GMT) for September which is estimated to remain at 7.80%. Nevertheless, the US Unemployment Rate and the NFP report will be released today is the much dependant on the news scheduled for release elsewhere and the way its counterparts react to these numbers have supplied. Today, we are very close to an all time high for the USD yesterday as the only significant piece of information was the GBP, which traded as high as 1.9535 following a surprising rate hike by 3.8% which may raise concerns about inflation especially at a time when productivity is significantly slowing. However, with an unexpectedly strong figure. betting horse racing spread