Market Analysis

**Mike** · 10-20-2009, 00:23

Thanks for all your updates Roxanne, keep them coming.

**21roxanne** · 10-29-2009, 18:18

This morning the Asian equity markets are universally in negative territory, and futures are pointing to a lower open across Europe. The USD’s recent strength has left gold looking extremely vulnerable around its pivotal $1030 level; so far it has dipped to a low of $1026 in the past 24 hours ($1032 last), and silver has also suffered an aggressively sell-off to $16.12 lows ($16.25 last)

Looking ahead to today’s session there are a number of further key releases. First up will be Norwegian Retail Sales (Sep), where the market is looking for a 0.4% increase MoM after the 0.3% gain last month. The spate of impressive figures from Norway in the last few months has pushed ambitions high, and this number is likely follow suit. However, if there is a downside miss in the numbers, NOK could suffer acutely as positioning and market sentiment is primed for an unwind in commodity currencies today
http://www.ac-markets.com/forex-news...-snapshot.aspx

**21roxanne** · 11-02-2009, 17:44

Today starts a week, crammed with economic data and central bank meetings, with a string of manufacturing surveys. In Asia, the China PMIs printed higher than expected. The figure was an 18month high and continues to signal strong expansion in the manufacturing sector. In the US session October's ISM manufacturing index is expected to more than reverse the surprise fall in September. With US economic data providing a source of FX volatility recently the stronger figures should help firm up risk appetite.
http://www.ac-markets.com/forex-news...-snapshot.aspx

**21roxanne** · 11-05-2009, 17:34

Today’s main events will of course be the BoE and ECB meetings. The main focus for the BoE meeting will be the MPC’s response to recent UK data; it is largely guaranteed by the dismal Q3 GDP that an extension to the QE program will be deemed necessary, but market estimates have drifted between whether this will be GBP25bn or GBP50bn. We feel that the MPC will likely increase the plan by 25bn to a total of 200bn, and choose to re-assess at subsequent meetings whether more is necessary. However a significant number of economist estimates now look for a 50bn increase (to 225bn total), so there is scope for GBPUSD to either sell-off or rally depending on which of the two scenarios plays out
http://www.ac-markets.com/forex-news...-snapshot.aspx

**21roxanne** · 11-09-2009, 17:17

I believe that the drivers of FX markets in the coming days will therefore be predominantly technical; and as significant USD supports gave way overnight, both major and EM currencies look to be targeting moves back towards their recent highs against the USD.
http://www.ac-markets.com/forex-news...-snapshot.aspx

**bunchytrend** · 11-16-2009, 18:01

Great market sum-up roxanne, thanks for this information!!!

Followed the link there and great news site too. Broker acm has great snapshots

the good thing is that they are updated every day.

**ChartWizQ** · 11-29-2009, 07:28

Roxanne is #1 when it comes to market analysis

**tab** · 07-14-2010, 03:14

Originally Posted by ChartWizQ

Roxanne is #1 when it comes to market analysis

When was the last time she rocked your world

?

**Jones** · 07-30-2010, 20:53

Originally Posted by 21roxanne

I believe that the drivers of FX markets in the coming days will therefore be predominantly technical; and as significant USD supports gave way overnight, both major and EM currencies look to be targeting moves back towards their recent highs against the USD.
http://www.ac-markets.com/forex-news...-snapshot.aspx

These days the opposite rings true it seems, purely emotional and fundamental trading swaying currencies up and down.