http://en.redtram.com/ actionforex.com Copyright (c) 2009 RedTram. All rights reserved. webmaster@redtram.com (RedTram) en Thu, 17 Dec 2009 03:38:57 GMT 300 100 50 http://en.redtram.com/ http://img.en.redtram.com/rsslogo.gif 210095 | Fed to Maintain Low Yields for Extended Period http://en.redtram.com/go/236311201/top100/ 236311201 The Fed holds rates policy unchanged as expected and reaffirms promise to keep rates exceptionally low for an "extended period". The Fed says that economic activity continues to pick up and labor market deterioration is abating. Housing has shown signs Wed, 16 Dec 2009 22:37:35 GMT http://en.redtram.com/go/236311201/top100/ 210095 | US: Parsing the Fed http://en.redtram.com/go/236311193/top100/ 236311193 If there was any anticipation for a change in today's FOMC statement it probably focused on the term "extended period" for the fed funds rate. That anticipation, weak as it was, has been thwarted. "Extended period" remains. The Fed Board Wed, 16 Dec 2009 22:37:23 GMT http://en.redtram.com/go/236311193/top100/ 210095 | Fed Sees Improving Financial Market Conditions and Labour Markets http://en.redtram.com/go/236311184/top100/ 236311184 As expected, the FOMC kept the target for the Fed funds rate in the 0 to 0.25% range and reiterated that the low level of the policy rate would likely be warranted "for an extended period." The Fed reiterated the Wed, 16 Dec 2009 22:37:05 GMT http://en.redtram.com/go/236311184/top100/ 210095 | FOMC Stays the Course http://en.redtram.com/go/236311175/top100/ 236311175 As had been widely expected by us and the markets, the FOMC kept the fed funds rate unchanged at the 0.00% to 0.25% range, and reaffirmed its commitment to keeping the fed funds rate "exceptionally low" for an "extended period". Wed, 16 Dec 2009 22:36:52 GMT http://en.redtram.com/go/236311175/top100/ 210095 | FOMC Unchanged, USD Edges Up http://en.redtram.com/go/236311166/top100/ 236311166 The currency market was little changed following the Fed’s monetary policy announcement in the afternoon, with the greenback firming slightly against the majors. The FOMC, as expected left interest rates unchanged at 0.0%-0.25%, while reaffirming continued improving conditions in the Wed, 16 Dec 2009 22:36:39 GMT http://en.redtram.com/go/236311166/top100/ 210095 | FOMC Holds - Equities Initially Drop, Dollar Gets Bought http://en.redtram.com/go/236311161/top100/ 236311161 The FOMC has kept rates on hold, and only slightly adjusted the statement from the previous months. The initial response is that equity markets have dropped to the low of the session, and are allowing the dollar to initially find Wed, 16 Dec 2009 22:36:18 GMT http://en.redtram.com/go/236311161/top100/ 210095 | The Federal Reserve Reserves Interest Rates Unchanged for a Year http://en.redtram.com/go/236311151/top100/ 236311151 The Federal Reserve wrapped up a two-day meeting on interest rate policy where market expectations signaled that the Federal Reserve will keep its benchmark interest rates at a record low among 0.0% - 0.25%. The Federal Reserve met market expectations Wed, 16 Dec 2009 22:36:07 GMT http://en.redtram.com/go/236311151/top100/ 210095 | USD Lower, Stocks Rise after US Housing Data & CPI http://en.redtram.com/go/236311142/top100/ 236311142 USD traded mixed ahead of today's Fed policy announcement. The Fed is expected to confirm that yields will remain low, that inflation is not a threat and that the economy is improving. Fed Chairman Bernanke was chosen as the Man Wed, 16 Dec 2009 22:35:55 GMT http://en.redtram.com/go/236311142/top100/ 210095 | Norges Bank Hike and Markets Await the Fed http://en.redtram.com/go/236311133/top100/ 236311133 The USD was range bound during both the Asian and European sessions in front of the critical FOMC decision later today. The EURUSD traded in the 1.4511-1.4572 range and the USDJPY traded between 89.39 and 89.88. European equities are trading Wed, 16 Dec 2009 22:35:41 GMT http://en.redtram.com/go/236311133/top100/ 209736 | FOMC Review: The Tone Has Turned More Positive http://en.redtram.com/go/236311129/top100/ 236311129 The FOMC meeting in December ended almost the same as we had expected. The Fed continued to keep the policy rate at 0-0.25% and pledged 'exceptionally low levels of the federal funds rate' will be maintained 'for an extended period'. Wed, 16 Dec 2009 22:35:27 GMT http://en.redtram.com/go/236311129/top100/ 210095 | US Market Update http://en.redtram.com/go/236311126/top100/ 236311126 In currencies, the greenback was steady during the early New York morning, little changed from opening levels in Asia. Note that GBP/USD is a big exception here. For the most part dealers remained largely sidelined heading into this afternoon's FOMC Wed, 16 Dec 2009 22:35:21 GMT http://en.redtram.com/go/236311126/top100/ 209736 | Trade Idea: GBP/USD - Buy at 1.6265 http://en.redtram.com/go/236311122/top100/ 236311122 The British pound finally rebounded after staying above indicated support at 1.6167 and the breach of the established upper range of 1.6377 suggests a temporary low has possibly been formed and consolidation with upside bias is seen for test of Wed, 16 Dec 2009 22:35:13 GMT http://en.redtram.com/go/236311122/top100/ 210095 | Afternoon Forex Overview http://en.redtram.com/go/236311118/top100/ 236311118 The dollar pared losses versus the euro on Wednesday after the U.S. Labor Department said core prices, excluding food and energy, were unexpectedly flat last month, signaling that inflation remains in check. The U.S. currency was little changed, however, versus Wed, 16 Dec 2009 22:34:22 GMT http://en.redtram.com/go/236311118/top100/ 209736 | Trade Idea: USD/CHF - Buy at 1.0240 http://en.redtram.com/go/236311115/top100/ 236311115 As the greenback has retreated after faltering below yesterday’s high of 1.0430, suggesting consolidation below there would take place and test of the Kijun-Sen (now at 1.0332) is likely, break there would bring correction towards support at 1.0235 but renewed Wed, 16 Dec 2009 22:34:08 GMT http://en.redtram.com/go/236311115/top100/ 209736 | Trade Idea: EUR/USD - Buy at 1.4485 http://en.redtram.com/go/236311107/top100/ 236311107 The single currency rebounded after trading above yesterday’s low at 1.4503 and whilst consolidation with mild upside bias is seen, only break of the Kijun-Sen (now at 1.4640) would signal a temporary low has been formed, otherwise, near term downside Wed, 16 Dec 2009 22:33:36 GMT http://en.redtram.com/go/236311107/top100/ 210095 | U.S.: Bye Bye Deflation - Annual Headline Inflation Prints Positive http://en.redtram.com/go/236311105/top100/ 236311105 Headline U.S. consumer prices rose by 0.4% M/M in November (up 0.400% M/M at three decimal places), which was in-line with the market consensus as well as our own forecast. On an annual basis, headline inflation now sits at 1.84% Wed, 16 Dec 2009 22:33:25 GMT http://en.redtram.com/go/236311105/top100/ 209736 | Trade Idea: USD/JPY - Buy at 88.35 http://en.redtram.com/go/236311100/top100/ 236311100 As yesterday’s high of 89.95 has continued to hold and the greenback has traded narrowly, suggesting further consolidation would take place and once price drops below the Tenkan-Sen (now at 89.33), then retreat to the Kijun-Sen (now at 88.93) would Wed, 16 Dec 2009 22:33:15 GMT http://en.redtram.com/go/236311100/top100/ 209736 | EUR/USD Mid-Day Outlook http://en.redtram.com/go/236311094/top100/ 236311094 EUR/USD's break of 1.4575 minor resistance suggests that a short term bottom might be in place at 1.4503, with bullish convergence condition in 4 hours MACD, just ahead of 1.4483 cluster support (23.6% retracement of 1.2329 to 1.5143 at 1.4479). Wed, 16 Dec 2009 22:33:04 GMT http://en.redtram.com/go/236311094/top100/ 209736 | GBP/USD Mid-Day Outlook http://en.redtram.com/go/236311089/top100/ 236311089 No change in GBP/USD's outlook as consolidations from 1.6166 continues. Stronger recovery cannot be ruled out but after all, upside is expected to be limited well below 1.6515 resistance and bring fall resumption. Below 1.6166 will indicate that whole fall Wed, 16 Dec 2009 22:32:49 GMT http://en.redtram.com/go/236311089/top100/ 209736 | USD/CHF Mid-Day Outlook http://en.redtram.com/go/236311083/top100/ 236311083 USD/CHF's break of 1.0378 minor support suggests that a short term top is in place with mild bearish divergence condition in 4 hours MACD. Some retreat should be seen, possibly to 4 hours 55 EMA (now at 1.0265). But downside Wed, 16 Dec 2009 22:32:39 GMT http://en.redtram.com/go/236311083/top100/