Tuesday, November 24, 2009

Nov.24 2009

Today's main index

Time/Currency/Detail/Forecast/Previous
4:00am EUR German Ifo Business Climate 92.6 91.9
4:45am GBP Inflation Report Hearings
5:00am EUR Industrial New Orders m/m 0.7% 2.0%
8:30am USD Prelim GDP q/q 2.9% 3.5%
10:00am USD CB Consumer Confidence 47.6 47.7
10:35am GBP BOE Gov King Speaks
2:00pm USD FOMC Meeting Minutes

Market closing price (NY close) on 11/23

NY Dow 10450.95↑ +132.79
NASDAQ 2176.01↑ +29.97
CME N225 9530.00↑ -30.00
Gold 1164.70↑ +17.90
Oil 77.56↑ +0.09

JPY/Yen →89.0→
EUR/USD→1.496↑
GBP/USD→1.660↑
USD/CHF→1.009↓


EUR/YEN→133.1↑
GBP/YEN→147.8↑
CHF/YEN→88.1↑

CAD/YEN→84.2↑
AUD/YEN→82.2↑
NZD/YEN→65.2↑

EUR/GBP→0.901→
EUR/CHF→1.510→
GBP/CHF→1.676→

AUD/USD→0.923↑
AUD/NZD→1.260→


////////////////////////////////////////////////////////////////////////////

■Recently Foreign exchange market trend&formula[EUR/USD&USD/JPY are main] 11/23

USD Short

USD/JPY steady trend

EUR/USD and USD straight are up trend because of weak USD and picking & choosing risk

caution for the end of year's market

▼Short USD → buy Gold & Oil

▼important to judge what kind of risk trend

・risk picking and choosing → Short USD ・ Short JPY・ Long other currency

・risk avoiding→Long USD・Long JPY・Short other currency

▼risk trend depends on NY DOW

・NY DOW up →risk picking and chooing

・NYDOW down→rick avoiding

▼US market interest rate

・US long tern bond up →Long USD (※ especially USD/JPY)

・US long term bond down→Short USD (※USD/JPY)

//////////////////////////////////////////////////////////

■Strady for today's trend■

end of the year's market after 26th, thanksgiving

Scalping and Day Trading are ok, but swing trading is necesarry to change mind because market goes to the end of year .

Stragedy of Swing trade: N/A

During the end of year, trade Day trading or Scalping

Stradedy of Scalping:

EUR/USD → check NY Dow and what kind of Risk trend

USD/JPY→ N/A . so trade EUR/USD, AUD/USD, and other Cross JPY