United World Capital Forex Trading: July 2009

Monday, July 27, 2009

UNITED WORLD CAPITAL Mid-Day Report: Dollar and Yen Soft, Little Reaction to New Home Sales

Dollar and yen remain generally soft for most of the day. The greenback breached 1.0784 low against Canadian dollar briefly while AUD/USD also broke last week's high to 0.8258 so far. EUR/USD also breached last week's high of 1.4290 earlier today. However, there is a lack of follow through price.... UWCFX

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[Source: Mid-Day Report: Dollar and Yen Soft, Little Reaction to New Home Sales]

UNITED WORLD CAPITAL USDCHF Daily Forecast: July 28

USDCHF Forecast
.... UWCFX

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[Source: USDCHF Daily Forecast: July 28]

Wednesday, July 22, 2009

UNITED WORLD CAPITAL Swiss Central Bank Attempts to Control Franc Gains

The Swiss central bank widened its foreign currency holdings in order to prevent the national currency to continue its rally, being the current foreign reserves in Switzerland the highest in twelve years.(...)Read the rest of Swiss Central Bank Attempts to Control Franc Gains (183 words)
Posted on Forex News.. UWCFX

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[Source: Swiss Central Bank Attempts to Control Franc Gains]

UNITED WORLD CAPITAL Intra-day gbp/usd signal by acetraderfx.com

INTRA-DAY GBP/USD:

Last Update At 22 Jul 2009 23:28 GMT

Rate : 1.6458
Although sterling's reb.... UWCFX

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[Source: Intra-day gbp/usd signal by acetraderfx.com]

UNITED WORLD CAPITAL Technical Analysis Daily: USD/JPY

Dollar/Yen showed a downward momentum on Tuesday, reached a bottom at 93.35, and closed the day at 93.73. The 94.35 level is a key resistance at this time, the break of which may reverse the current downward short term signals into upward. Our preferable scenario for now is still bearish,.... UWCFX

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[Source: Technical Analysis Daily: USD/JPY]

Tuesday, July 21, 2009

UNITED WORLD CAPITAL AUD/USD Commentary and Trade Ideas

This pair again traded in the elevated area close to .82 but has since sold off modestly to .8120. .... UWCFX

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[Source: AUD/USD Commentary and Trade Ideas]

Sunday, July 19, 2009

UNITED WORLD CAPITAL The EUR/USD Week Ahead - July 20 thru July 24

Technical charts? Earnings? Risk appetite? Want to know what will move the EUR/USD next week? .... UWCFX

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[Source: The EUR/USD Week Ahead - July 20 thru July 24]

UNITED WORLD CAPITAL Dollar Slides as Optimism Attracts Investors to Yield

The U.S. dollar posted the weakest performance versus the euro since May as corporate earnings in North America came better-than-expect and U.S. government reports brought optimism to equities and currency markets, attracting investors to high-yielding options, consequently damping demand for the greenback.(...)Read the rest of Dollar Slides as Optimism Attracts Investors to Yield (184 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Slides as Optimism Attracts Investors to Yield]

UNITED WORLD CAPITAL Dow Update

Over the last week, dow has managed to gain almost 8% in just a week from monday to friday dow has.... UWCFX

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[Source: Dow Update]

CNY/EUR

1 Eurozone Euro = 9.6353 Chinese Yuan

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[Source: UWCFX Associates]

UNITED WORLD CAPITAL Forex Weekly Outlook - July 20-24 2009

The upcoming week in forex trading has many important figures: Canadian rate decision, American.... UWCFX

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[Source: Forex Weekly Outlook - July 20-24 2009]

Monday, July 13, 2009

UNITED WORLD CAPITAL USD Mixed, JPY Rises to Five Month High, GBP Declines

USD begins the week mixed posting modest losses against the EUR and CHF and gaining versus the GBP, GBP is pressured by concern about UK debt outlook, IMF says UK will not be able to budget for nest rescue package, JPY is trading higher supported by concern about the global.... UWCFX

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[Source: USD Mixed, JPY Rises to Five Month High, GBP Declines]

UNITED WORLD CAPITAL GBP a Bit Weak in the Knees on Bank Worries

Directionality has again largely avoided the scene as we kick off a new week within the summer doldrums of July. In the USD crosses, the bearish reversal from the attempt above 1.4000 has so far failed to get confirmation, and EURJPY was typical of some of the JPY crosses -.... UWCFX

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[Source: GBP a Bit Weak in the Knees on Bank Worries]

UNITED WORLD CAPITAL USD dips, JPY reverses gains as equities rally

USD starts the week mixed with the JPY trading at a five-month high and GBP trading lower. JPY was.... UWCFX

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[Source: USD dips, JPY reverses gains as equities rally]

UNITED WORLD CAPITAL Banking Doubts Unsettle Sterling

There will be further speculation that the Bank of England will expand the quantitative easing programme. A sustained deterioration in international risk appetite would also undermine Sterling and trends in the banking sector will be watched very closely. Any evidence of further substantial debt write-offs could trigger substantial selling pressure..... UWCFX

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[Source: Banking Doubts Unsettle Sterling]

UNITED WORLD CAPITAL New Zealand Dollar Weakens on Faltering Confidence

The New Zealand dollar is heading to the lowest rate in eight weeks against the yen and losing against the greenback, as global risk aversion is damping demand for the kiwi’s high-yield profile.(...)Read the rest of New Zealand Dollar Weakens on Faltering Confidence (190 words)
Posted on Forex News.. UWCFX

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[Source: New Zealand Dollar Weakens on Faltering Confidence]

UNITED WORLD CAPITAL Weekly Forex Signals: EUR/JPY

Technical analysis shows the euro may continue its downtrend as MACD chart is giving us a selling signal by crossing the signal line to equilibrium level and RSI is in a clear downtrend. We have strong supply in the market as stochastic shows us the market movement and Bollinger gives.... UWCFX

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[Source: Weekly Forex Signals: EUR/JPY]

Sunday, July 12, 2009

UNITED WORLD CAPITAL Forex Fundamental Outlook

The common currency failed to extend yesterday's gains as U.S. economic data released today were on the weak side, reinforcing the view the economic recovery is lagging. The big driver was a considerably weaker-than-expected July University of Michigan consumer sentiment number that printed at 64.6, down from 70.8 in June.... UWCFX

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[Source: Forex Fundamental Outlook]

UNITED WORLD CAPITAL EUR/USD Weekly Outlook

EUR/USD turned into sideway trading after dipping to 1.3832 last week. From a short term angle, initial outlook is neutral this week and some consolidation might be seen. But after all, we's still favoring the bearish case that fall from 1.4196 is still in progress, hence, even in case of.... UWCFX

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[Source: EUR/USD Weekly Outlook]

UNITED WORLD CAPITAL To watch this week EUR/USD, GBP/USD: Consolidation above support

Solid close of the week for the USD against the European currencies, so what can we expect this.... UWCFX

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[Source: To watch this week EUR/USD, GBP/USD: Consolidation above support]

UNITED WORLD CAPITAL Weekly Review and Outlook: Yen Soared on Risk Aversion, Reversal Confirmed, When Will Dollar Follow?

The Japanese yen rallied sharply across the board last week as risk aversion was back to dominate the financial markets. We're talking about an overall -1.6% weekly fall in DOW to 8146 and -2.6% weekly fall in MSCI world index to 921.4 Commodities also tumbled sharply with CRB index dropping.... UWCFX

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[Source: Weekly Review and Outlook: Yen Soared on Risk Aversion, Reversal Confirmed, When Will Dollar Follow?]

UNITED WORLD CAPITAL U.S. Dollar Rallies Against All Majors on Risk Aversion Wave

The greenback, as the dollar is often referred to, climbed versus virtually all of the 16 most traded currencies, as unfavorable economic reports worldwide brought risk aversion up among traders this week, favoring the low-yielding safety profile of the North American currency.(...)Read the rest of U.S. Dollar Rallies Against All Majors on Risk Aversion Wave [...]. UWCFX

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[Source: U.S. Dollar Rallies Against All Majors on Risk Aversion Wave]

UNITED WORLD CAPITAL Afternoon Forex Overview

The Dollar was confined to small ranges in Europe today. For the opening level at 1.3910 EURUSD rose to 1.3950 after the US trade deficit was reported lower at $25Bln. The preliminary Michigan Sentiment Index for July was also reported lower at 64.6 versus 70.0 in the previous month. Cable.... UWCFX

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[Source: Afternoon Forex Overview]

Wednesday, July 8, 2009

UNITED WORLD CAPITAL Mid-Day Report: Markets Digest Recent Rally in Dollar and Yen

Yen and dollar turns sideway in early US session after strong rally earlier today. With no important economic data from US scheduled, some sideway trading might be seen in the currency markets in US session. But after all, further rally in dollar and yen is expected in general. Recovery in.... UWCFX

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[Source: Mid-Day Report: Markets Digest Recent Rally in Dollar and Yen
]

Tuesday, July 7, 2009

UNITED WORLD CAPITAL Bullish Euro Set To Fail?

Euro is leading the major pairs on a move against the Usd that gets them back into the 4 hour chart ranges, that were recently tested as support against the Usd. This is the initial U.S. based break that we are monitoring the pull-back of; if it holds support on.... UWCFX

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[Source: Bullish Euro Set To Fail?]

UNITED WORLD CAPITAL Yen Leads Weekly Gains on Safety Demand

The yen is this week’s best bet among traders, as speculations that a weak U.S. corporate earnings to be posted this week made Japanese investors to sell overseas assets and repatriate their capital to the Asian nation.(...)Read the rest of Yen Leads Weekly Gains on Safety Demand (125 words)
Posted on Forex News.. UWCFX

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[Source: Yen Leads Weekly Gains on Safety Demand]

UNITED WORLD CAPITAL Technical Analysis Daily: USD/JPY

Dollar/Yen made no significant movement on Monday, indicating indecisive and wavering market. The currency couple descended from the top 96.14 to the 94.70 bottom with nearly 150 pips. Descending scenario is preferable for the time being, with possible test of at least the 94.70 support level. In upward direction, yesterday's.... UWCFX

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[Source: Technical Analysis Daily: USD/JPY]

Monday, July 6, 2009

UNITED WORLD CAPITAL Recession Concerns Sets Dollar to Weekly Gain

The dollar is coming to this week’s end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the global slump may be prolonged for an undetermined amount of time.(...)Read the rest of Recession Concerns Sets Dollar to Weekly Gain (180 words)
Posted on Forex News.. UWCFX

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[Source: Recession Concerns Sets Dollar to Weekly Gain]

UNITED WORLD CAPITAL Robot is Back Online

After several weeks of hardware failure, the Pound Yen robot is back online. The Demo Server that hosted our demo robot was completely rebuilt and is ready to rock. Unfortunately, we will have to start our results over from scratch,…

. UWCFX

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[Source: Robot is Back Online]

UNITED WORLD CAPITAL U.S. ISM Non-Manufacturing Index Continues Positive Trend

The ISM non-manufacturing index rose to 47 in June, beating expectations of a more muted rise to 46. The index rose to 44 in May. Today's report points to continued improvement in the U.S. services sector. The four consecutive months of increases in the headline number point to an emerging.... UWCFX

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[Source: U.S. ISM Non-Manufacturing Index Continues Positive Trend]

CZK/RUB

1 Russian Rouble = 0.58951 Czech Koruna

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[Source: UWCFX Associates]

UNITED WORLD CAPITAL USD getting stronger at expense of Gold

With commodities prices under pressure amid concerns about the outlook for demand, resource stocks.... UWCFX

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[Source: USD getting stronger at expense of Gold]

Sunday, July 5, 2009

UNITED WORLD CAPITAL USD/JPY Weekly Outlook

USD/JPY's rebound was short lived and was limited at 96.96 weakened again. The pair is still bounded in range above 94.87 and the development so far dampened the immediate bullish view that fall from 98.87 has completed at 94.87 already. We'll stay neutral for the moment. On the downside while.... UWCFX

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[Source: USD/JPY Weekly Outlook]

UNITED WORLD CAPITAL European Market Update

In Currencies: The USD encountered some retracement against the European pairs during the session following the gains on Thursday in the mist of the increase in risk aversion after the US payroll report. The EUR/USD recovered from the Asian lows of 1.3950 to hover around the 1.40 level throughout the.... UWCFX

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[Source: European Market Update]

CLP/EUR

1 Eurozone Euro = 754.3146 Chilean Peso

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[Source: UWCFX Associates]

UNITED WOLRD CAPITAL USDJPY Daily Forecast: July 06

The USDJPY didn't have significant movement on Friday, had only 43 pips movement indicating.... UWCFX

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[Source: USDJPY Daily Forecast: July 06]