TradeVestment : Forex Report by Kersi Jilla of ForexMetrics.com
Filed Under TradeVestment | Comments Off
| Forex Trading Stratergy | ||||
| 08-Oct-08 | ||||
| Fx-Pairs | EUR/USD | GBP/USD | USD/JPY | USD/CAD |
| Long Term Trend | Downward | Downward | Downward | Upward |
| Short Term Trend | Downward | Downward | Downward | Upward |
| Upper Band | 1.5138 | 1.9065 | 112.53 | 1.1192 |
| Lower Band | 1.3246 | 1.6910 | 97.85 | 1.0086 |
| Upper Range | 1.3784 | 1.7770 | 104.14 | 1.1132 |
| Lower Range | 1.3354 | 1.7214 | 100.16 | 1.0860 |
| Levels | ||||
| Resistance | 1.3917 | 1.7941 | 105.37 | 1.1216 |
| Median | 1.3569 | 1.7492 | 102.15 | 1.0996 |
| Support | 1.3221 | 1.7042 | 98.93 | 1.0776 |
| Analysis | ||||
| FMCI Analysis | Sell | Sell | Sell | Buy |
| Fundamental | Sell | Sell | Sell | Buy |
| Technical | Hold | Hold | Sell | Buy |
| Volatility | Levels | Levels | Levels | Levels |
| Action | Sell | Hold | Hold | Hold |
| Current Status | Order Placed | N/A | N/A | N/A |
| Rate | 1.3940 | |||
| Entry | N/A | N/A | N/A | N/A |
| Target | N/A | N/A | N/A | N/A |
| Stop | N/A | N/A | N/A | N/A |
| Profit/Loss(Pips) | ||||
| Result | ||||
| TradeVestment Performance and Statistics… Click Here. | ||||
| “ForexMetrics Currency Index” A Global Economic Barometer - By forexmetrics.com | ||||||||
| FOREXMETRICS CURRENCY INDEX & CONTINUOUS MOVING AVERAGE (C.M.A.) | ||||||||
| Currencies | C.M.A | FMCI | Change in | FMCI | Economic | Net Growth | ||
| OP. Rates | Current | 8-Oct | Pips | % Change | Growth | Growth | ||
| USD | 1.3594 | 1.3036 | 0.0558 | -4.1036% | Low | N.N.G. | ||
| EUR | 2.0461 | 1.7719 | 0.2741 | -13.3970% | Low | N.N.G. | ||
| GBP | 2.6841 | 2.2803 | 0.4038 | -15.0444% | Low | N.N.G. | ||
| JPY | 0.0017 | 0.0018 | 0.0001 | 5.9089% | Low | N.P.G. | ||
| CHF | 1.2603 | 1.1407 | 0.1196 | -9.4915% | Low | N.N.G. | ||
| CAD | 1.3467 | 1.1787 | 0.1680 | -12.4722% | Low | N.N.G. | ||
| AUD | 1.2277 | 0.9201 | 0.3077 | -25.0616% | Low | N.N.G. | ||
| NZD | 1.0278 | 0.8079 | 0.2199 | -21.3925% | Low | N.N.G. | ||
| HKD | 0.1650 | 0.1585 | 0.0065 | -3.9596% | Low | N.N.G. | ||
| SGD | 0.9660 | 0.8878 | 0.0781 | -8.0902% | Low | N.N.G. | ||
| FMCI | 1.2085 | 1.0451 | 0.1633 | -13.5164% | Low | N.N.G. | ||
| No.of Gainers | 1 | |||||||
| No. of Losers | 9 | |||||||
| FMCI = CURRENCY PERFORMANCE AGAINST THE BASKET OF CURRENCIES. | ||||||||
| Currencies | FMCI | FMCI | Change in | FMCI | Inflation | Economic | ||
| 7-Oct | 8-Oct | Pips | % Change | Cycle | ||||
| USD | 1.3044 | 1.3036 | 0.0008 | -0.0633% | High | Recession | ||
| EUR | 1.7680 | 1.7719 | 0.0039 | 0.2230% | High | Stagflation | ||
| GBP | 2.2831 | 2.2803 | 0.0028 | -0.1226% | High | Stagflation | ||
| JPY | 0.0018 | 0.0018 | 0.0000 | 0.6869% | High | Stagflation | ||
| CHF | 1.1368 | 1.1407 | 0.0039 | 0.3453% | High | Stagflation | ||
| CAD | 1.1849 | 1.1787 | 0.0062 | -0.5224% | High | Stagflation | ||
| AUD | 0.9388 | 0.9201 | 0.0188 | -2.0006% | High | Stagflation | ||
| NZD | 0.8222 | 0.8079 | 0.0143 | -1.7396% | High | Stagflation | ||
| HKD | 0.1589 | 0.1585 | 0.0005 | -0.2922% | High | Stagflation | ||
| SGD | 0.8902 | 0.8878 | 0.0024 | -0.2647% | High | Stagflation | ||
| FMCI | 1.0489 | 1.0451 | 0.0038 | -0.3607% | High | Stagflation | ||
| Net Change | 0.0038 | -0.3607% | ||||||
| N.P.G. | Net Positive Growth | |||||||
| M.N.P.G. | Marginally Net Positive Growth | |||||||
| N.N.G. | Net Negative Growth | |||||||
| M.N.N.G. | Marginally Net Negative Growth | |||||||
| ForexMetrics Currency Index Click Here For Details | ||||||||
| Commodities: | Trend | Bias | Volatility | |
| OIL Closing : | $90.06 | Downward | Bearish | Medium |
| Gold Closing : | $882.00 | Downward | Bearish | Medium |
| USD INDEX | 81.2730 | |||
| Major Economies Interest Rate Probability in the Upcoming Meeting: | ||||
| Current Interest Rate: | Probability | % RATE Basis | Int.Rate Bias | |
| USA: | 2.00% | 60.00% | -0.50% | Dovish |
| E.U.: | 4.25% | 79.00% | -0.25% | Dovish |
| U.K.: | 5.00% | 92.00% | -0.50% | Dovish |
| JPY: | 0.50% | 98.00% | 0.00% | Neutral |
| SWISS: | 2.75% | 90.00% | 0.00% | Neutral |
| CAD: | 3.00% | 82.00% | -0.25% | Dovish |
| AUD: | 6.00% | 92.00% | -0.50% | Dovish |
| NZD: | 7.50% | 75.00% | -0.50% | Dovish |
| Global Average | 3.88% | 83.50% | -0.31% | Dovish |
| GIR | 3.88% | Dovish | ||
| CURRENT ECONOMIC DATA | Click here for detail economic data. | |||
| Good Luck | ||||
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