Daily Report: Dollar and Yen to Strengthen Further, Focus on Eurozone GDP and US ADP
(The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are: Euro 57.6 % Japan/yen 13.6 % UK/pound 11.9 % Canada/dollar 9.1 % Sweden/krona 4.2 % Switzerland/franc 3.6 %)
Dollar and yen retreat mildly from overnight strong rebound but the case for further strength continues to build up. DOW took out 9450 near tem support level and dived nearly -2% to close at 9310 last week and indicated that last week's high of 9630 is at least a short term top. Nikkei's sharp fall today sent the index -2.37% lower to close at 10280 also argues that this week's high of 10767 is at least a short term top too. CRB commodity index also dropped through 250 level resume the whole fall from 269.18 and is set to take on 240 level next. Yield on 10 year note also resumed recent decline and took out 3.4 level to close at 3.375. The developments are all supportive to further rise in dollar and yen. The major market moving factors to be watched today will be Eurozone GDP revision as well as US ADP employment report.[actionforex]
P&F _DXY15 Box Size 6X4 or(0.31%) CLOSE
Data 79.51 - 77.77 ~ 1 Month ~ 22.98 Day
Database 1501 records 78.66 (Last Close)
2009-08-10 17~15
2009-09-02 16~45 (GMT+01:00) Paris
BJF Trading Group
79.50|~6||||______________x_______________________________________________|0.01%|2.22%
79.44|~12|||______________x_o_____________________________________________|0.09%|2.15%
79.38|~18|||______________x_o_____________________________________________|0.16%|2.07%
79.32|~24|||__x___x_______x_o_____________________________________________|0.24%|1.99%
79.26|~3O|||o_x_o_x_o_____x_o_x___________________________________________|0.31%|1.92%
79.20|~36|||o_x_o_x_o_____x_o_x_o_x_______________________________________|0.39%|1.84%
79.14|~42|||o_x_o_x_o_x___x_o_x_o_x_o_____________________________________|0.47%|1.76%
79.08|~48|||o_x_o_x_o_x_o_x_o_x_o_x_o_____________________________________|0.54%|1.68%
79.02|~54|||o___o___o_x_o_x_o___o_x_o_____________________________________|0.62%|1.61%
78.96|~6O|||________o_x_o_x_____o_x_o_____________________________________|0.69%|1.53%
78.90|~66|||________o_x_o_x_____o_x_o_________________________________x___|0.77%|1.45%
78.84|~72|||________o_x_o_x_____o_x_o_________________________________x_o_|0.84%|1.38%
78.78|~78|||________o_x_o_x_____o___o_________________x_______________x_o_|0.92%|1.3%
78.72|~84|||________o_x_o_x_________o_________________x_o_____________x_o_|0.99%|1.22%
78.66|~9O|||________o___o_x_________o_________________x_o_x___________x_o_|1.07%|1.14%
78.60|~96|||____________o_x_________o_x_______________x_o_x_o_________x_o_|1.14%|1.07%
78.54|~1O2||____________o_x_________o_x_o_____________x_o_x_o_________x_o_|1.22%|0.99%
78.48|~1O8||____________o_x_________o_x_o_____________x_o_x_o_____x___x___|1.3%|0.91%
78.42|~114||____________o_x_________o_x_o_____________x_o___o_____x_o_x___|1.37%|0.84%
78.36|~12O||____________o_x_________o___o_________x___x_____o_____x_o_x___|1.45%|0.76%
78.30|~126||____________o_x_____________o_____x___x_o_x_____o_____x_o_x___|1.52%|0.68%
78.24|~132||____________o_______________o_____x_o_x_o_x_____o_____x_o_x___|1.6%|0.6%
78.18|~138||____________________________o_x___x_o_x_o_x_____o_x___x_o_x___|1.67%|0.53%
78.12|~144||____________________________o_x_o_x_o_x_o_x_____o_x_o_x_o_x___|1.75%|0.45%
78.06|~15O||____________________________o_x_o_x_o_x_o_x_____o_x_o_x_o_x___|1.82%|0.37%
78.00|~156||____________________________o_x_o_x_o___o_x_____o_x_o_x_o_x___|1.9%|0.3%
77.94|~162||____________________________o_x_o_______o_______o___o_x_o_____|1.97%|0.22%
77.88|~168||____________________________o_x_____________________o_________|2.05%|0.14%
77.82|~174||____________________________o_x_______________________________|2.13%|0.06%
77.76|~18O||____________________________o_________________________________|2.2%|-0.01%
Column|~186|5_5_5_5_118_1521_8_4_8_7_144147_4_6_5_6_7_146_4_124_5_109_166_|
Count
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(The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are: Euro 57.6 % Japan/yen 13.6 % UK/pound 11.9 % Canada/dollar 9.1 % Sweden/krona 4.2 % Switzerland/franc 3.6 %)
Dollar and yen retreat mildly from overnight strong rebound but the case for further strength continues to build up. DOW took out 9450 near tem support level and dived nearly -2% to close at 9310 last week and indicated that last week's high of 9630 is at least a short term top. Nikkei's sharp fall today sent the index -2.37% lower to close at 10280 also argues that this week's high of 10767 is at least a short term top too. CRB commodity index also dropped through 250 level resume the whole fall from 269.18 and is set to take on 240 level next. Yield on 10 year note also resumed recent decline and took out 3.4 level to close at 3.375. The developments are all supportive to further rise in dollar and yen. The major market moving factors to be watched today will be Eurozone GDP revision as well as US ADP employment report.[actionforex]
P&F _DXY15 Box Size 6X4 or(0.31%) CLOSE
Data 79.51 - 77.77 ~ 1 Month ~ 22.98 Day
Database 1501 records 78.66 (Last Close)
2009-08-10 17~15
2009-09-02 16~45 (GMT+01:00) Paris
BJF Trading Group
79.50|~6||||______________x_______________________________________________|0.01%|2.22%
79.44|~12|||______________x_o_____________________________________________|0.09%|2.15%
79.38|~18|||______________x_o_____________________________________________|0.16%|2.07%
79.32|~24|||__x___x_______x_o_____________________________________________|0.24%|1.99%
79.26|~3O|||o_x_o_x_o_____x_o_x___________________________________________|0.31%|1.92%
79.20|~36|||o_x_o_x_o_____x_o_x_o_x_______________________________________|0.39%|1.84%
79.14|~42|||o_x_o_x_o_x___x_o_x_o_x_o_____________________________________|0.47%|1.76%
79.08|~48|||o_x_o_x_o_x_o_x_o_x_o_x_o_____________________________________|0.54%|1.68%
79.02|~54|||o___o___o_x_o_x_o___o_x_o_____________________________________|0.62%|1.61%
78.96|~6O|||________o_x_o_x_____o_x_o_____________________________________|0.69%|1.53%
78.90|~66|||________o_x_o_x_____o_x_o_________________________________x___|0.77%|1.45%
78.84|~72|||________o_x_o_x_____o_x_o_________________________________x_o_|0.84%|1.38%
78.78|~78|||________o_x_o_x_____o___o_________________x_______________x_o_|0.92%|1.3%
78.72|~84|||________o_x_o_x_________o_________________x_o_____________x_o_|0.99%|1.22%
78.66|~9O|||________o___o_x_________o_________________x_o_x___________x_o_|1.07%|1.14%
78.60|~96|||____________o_x_________o_x_______________x_o_x_o_________x_o_|1.14%|1.07%
78.54|~1O2||____________o_x_________o_x_o_____________x_o_x_o_________x_o_|1.22%|0.99%
78.48|~1O8||____________o_x_________o_x_o_____________x_o_x_o_____x___x___|1.3%|0.91%
78.42|~114||____________o_x_________o_x_o_____________x_o___o_____x_o_x___|1.37%|0.84%
78.36|~12O||____________o_x_________o___o_________x___x_____o_____x_o_x___|1.45%|0.76%
78.30|~126||____________o_x_____________o_____x___x_o_x_____o_____x_o_x___|1.52%|0.68%
78.24|~132||____________o_______________o_____x_o_x_o_x_____o_____x_o_x___|1.6%|0.6%
78.18|~138||____________________________o_x___x_o_x_o_x_____o_x___x_o_x___|1.67%|0.53%
78.12|~144||____________________________o_x_o_x_o_x_o_x_____o_x_o_x_o_x___|1.75%|0.45%
78.06|~15O||____________________________o_x_o_x_o_x_o_x_____o_x_o_x_o_x___|1.82%|0.37%
78.00|~156||____________________________o_x_o_x_o___o_x_____o_x_o_x_o_x___|1.9%|0.3%
77.94|~162||____________________________o_x_o_______o_______o___o_x_o_____|1.97%|0.22%
77.88|~168||____________________________o_x_____________________o_________|2.05%|0.14%
77.82|~174||____________________________o_x_______________________________|2.13%|0.06%
77.76|~18O||____________________________o_________________________________|2.2%|-0.01%
Column|~186|5_5_5_5_118_1521_8_4_8_7_144147_4_6_5_6_7_146_4_124_5_109_166_|
Count
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