Posts Tagged ‘David Moore’
Wednesday, September 8th, 2010
New York 9-8-10
The Aud-Usd moved sharply higher following the release of Austrailian employment data.Australia’s dollar rose to a four- month high against the greenback after a report showed employers added more jobs than expected and the jobless rate fell.
Australia’s currency gained against all of its 16 major counterparts on speculation the data will increase pressure on the central bank to resume raising interest rates. New Zealand’s dollar was near a four-week high against the U.S. currency as Asian stocks gained, boosting demand for higher-yielding assets.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, Cad, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, Global, Japanese Yen, Market Depth, minimum account, moving average, oversold, Precious metals, R1, RBA, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Tuesday, August 24th, 2010
New York 8-24-10
The Greenback is just pulling back after rallying sharply against the Majors in London overnight,pushing the Euro down to late June lows of 1.2587
Currently (14:30 GMT) we are witnessing a sharp retracement rally in the Euro. If the Eur-Usd can close in NY above the 1.2685 level we will have put in a near term low. As I have stated previously the FX markets are really based on a risk on risk off scenario and in many cases ignoring true fundemental factors.
David A. Moore
Tags: 50MA, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, Euro, Fed, Federal Reserve Bank, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, minimum account, moving average, oversold, pivot numbers, Precious metals, R1, R2, R3, RBA, technical, Tim Geithner, traders, USD
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, August 11th, 2010
New York 8-11-10
The Aud-Usd gave most of it’s ground in Asia and In Europe as Capital markets full digested the FOMC actions or inactions, causing falling equities markets worldwide.
We are back into the risk off mode with todays start of Ramadan and the European holiday season in full swing contributing to thinner liquidity. We feel the move to the downside in the Majors against the greenback is starting to take shape.The Aud-Usd may trade down as far as .8781 in the next few sessions to test a shorter term fibo(23.6%) level off of the recent rally. Since we are still convinced that the Aussie is the place to be we feel dips to these levels make excellent buy areas in anticpation of a test of the .9500 area in the next few months.
David Moore
Tags: Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, Crude Oil, David Moore, ECB, eur, Fed, Fomc, Foreign Currency Trading, G-5 currencies, Global, Gold, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pandemic, pivot, pivot numbers, RBA, Silver, support, Swine Flu, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, Uncategorized | No Comments »
Monday, August 9th, 2010
New York 8-9-10
The Aud-Usd fell back from London session highs as we get closer to the FOMC rate decision due out Tuesday which for most will likely be a non event.
“There is a strong chance that FOMC officials are fretful over delivering a shot to the foot by announcing new measures now,” he said. “To do so would capitulate along with other gloomy forecasters expecting the economy to fall off a cliff.”
Data on Friday showed that overall U.S. non-farm payrolls fell 131,000 in July, while private employment, a better gauge of labor market health, rose a modest 71,000, below forecasts for a gain of 90,000.
By contrast, data on Monday suggested the euro zone was in better shape. Euro zone investor morale surged while German exports rose more than forecast.
Baron Forex
David A Moore
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, David Moore, ECB, economy, eur, Euro, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, moving average, pivot numbers, Precious metals, support, swiss, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | 1 Comment »
Thursday, August 5th, 2010
New York 8-5-10
Could it be a repeat of the largest Crude Oil run up in history,that had no reasonable fundamental basis. Well who said markets have to abide by the fundamentals. Currently the Crude Oil market is making new highs for the year. Yet no one knows where the demand is coming from.When you have the largest refiner in the U.S. telling you there is sufficient product actually their words “oceans of gasoline” who do you believe? Could it be that Oil is being treated just like gold or a currency,used to hedge a falling USD and other currencies. It is very possible that this commodity the life blood of the modern world is being packaged as an asset class that not only will protect you from a falling USD.But is also good for making petro chemicals and gasoline plus thousands of other applications. Wow sounds like a better hedge than gold maybe we’ll call it Black Gold.
David A Moore
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, Crude Oil, David Moore, ECB, economy, eur, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, Gasoline, Heating Oil, Mexico City, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, R1, R2, R3, resistance, support, swiss, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Gasoline, Index Futures News, NY#2, RBOB, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Monday, July 26th, 2010
New York 7-26-10
Last week we told you to expect the Aud-Usd to trade thru the .9000 level within ten days. Now the question remains can the Aud-Usd break the .9387/9405 area which has been a very formidable resistance area. Well right now I would say this feat is not likely to occur until after August. I do expect the Aud-Usd to remain in a range between .8800 and .9200 for the next six to eight weeks. While the markets digest the phenomenal reversal and rally of the last six weeks in the Aud-Usd.
David A. Moore
Baron Forex
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Fed, Financial, Foreign Currency Trading, forex pick, G-5 currencies, institutional, Japanese Yen, Market Depth, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, support, swiss, technical, traders
Posted in Uncategorized | No Comments »
Tuesday, July 20th, 2010
New York 7-20-10
Aud-Usd ran higher even as dismal earnings reports where shrugged off by equities traders,that had pushed the S&P 500 down by as much as 15.00 points just after the opening. The Capital markets still seem to be embracing risk despite bad economic news in the U.S..The Aud-Usd has been moving steadily in the direction of major resistance at the .8885 area, a breach of this area will set the Aud-Usd for a test of the .9000 level within the next ten days.
David A Moore
Tags: AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, David Moore, ECB, economy, eur, Euro, Financial, Foreign Currency Trading, G-5 currencies, Global, Japanese Yen, Market Depth, Mexico City, moving average, pivot numbers, pivot points, Precious metals, R1, R2, RBA, resistance, Swine Flu, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, July 14th, 2010
New York 7-14-10
Is the Aussie reborn again returning as the belle of the risk ball. We have seen the AUD-USD break through resistance after resistance level. Today we have seen the Aussie break through solid resistance at the .8815 level. Even the drop in U.S. Retail Sales failed to discourage Aussie bulls taking the Aussie/USD up to the .8869 level before profit taking trimmed the gains.
Australian consumer confidence surged in July by the most in 13 months, reversing the previous three months of declines, after the central bank kept borrowing costs unchanged and global financial markets stabilized.
Yesterdays report adds to signs households are weathering the most aggressive round of interest rate increases by a Group of 20 member as the nation’s economy benefits from China’s demand for raw materials. The survey was conducted the same week that Governor Glenn Stevens kept the benchmark lending rate unchanged on July 6 for a second month, and a report showed Australian job growth capped the best quarter in almost four years in June.
“The solid base for consumer sentiment is coming from an upbeat view on the economy,” said Bill Evans, chief economist at Westpac Bank in Sydney. “We saw a comparable surge in confidence in 2009 when households realized that Australia had avoided recession.”
While the question remains can the Aud-Usd break higher past the old .9387 of 4-2010 relies on the global risk trade and the countinued economic growth worldwide.
Baron Forex Research
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Ben Bernanke, BP, bullish, David Moore, ECB, economy, eur, Financial, Fomc, Foreign Currency Trading, forex pick, G-5 currencies, Global, institutional, Japanese Yen, Market Depth, Mexico City, minimum account, moving average, oversold, pivot numbers, pivot points, Precious metals, R1, R2, R3, RBA, resistance, support, swiss, technical, Tim Geithner, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Wednesday, July 7th, 2010
New York 7-7-10
The Aud-Usd is near the days highs today in NY dealings as traders are starting to shrug off negative news and focus on renewed raw materials demand. We have seen a very strong rally going into the NY session open and the Aud/Usd is currently trading above the .8569 38% fibo. We see resistance at the .8589 level a stong break above .8615 will set the Aud-Usd for a test of solid resistance at .8727 the 50% fibo off of the 4-11-10 high of .9387.
David A Moore
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, breakout, bullish, Cad, David Moore, ECB, economy, eur, Euro, Foreign Currency Trading, forex pick, G-5 currencies, Global, Gold, Gold Coins, institutional, Japanese Yen, Market Depth, minimum account, moving average, oversold, pivot, pivot numbers, pivot points, Precious metals, R1, R2, R3, RBA, resistance, Silver, support, swiss, technical, Tim Geithner
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »
Tuesday, June 8th, 2010
New York 6-8-10
The Eur-Usd has been consolidating after breaking four year old support levels on Friday.
Today we have seen two sided action as the Eur-Usd traded between 1.1900 and 1.2000 before closing the NY session at 1.1965 area. While the Eur-Usd is pulling up from oversold conditions we feel any upside is limited and feel any rallies to the 120.85 area should be sold up to 1.2110.
David Moore
Tags: 50MA, Add new tag, AUD/USD, Aussie, Australian, Baron Forex, Baron Fx, bullish, David Moore, ECB, economy, Euro, Foreign Currency Trading, forex pick, G-5 currencies, intervention, Japanese Yen, Mexico City, minimum account, moving average, oversold, swiss, traders
Posted in AUD/USD, Central Bank, Crude Oil, Dow, EUR/USD, Energy, Forex Prediction, Forex Signals, Forex Trading, GBP/USD, Index Futures News, S&P 500, USD/CAD, USD/CHF, USD/JPY, Uncategorized | No Comments »