CNS Welcomes Go Markets to San Diego Datacenter

July 26, 2010 By Leave a Comment

SAN DIEGO, CA, Jul 25 (MARKET WIRE) —
Commercial Network Services is pleased to announce the arrival of
Australia’s leading FOREX broker to the CNS San Diego datacenter. Go
Markets has added a new server in the CNS San Diego datacenter to their
global MT4 network. The new server will result in better performance for
traders all over North America and most especially those hosted on a
Trader’s VPS in the CNS-SDCA datacenter, who will enjoy < 1ms latency to
the new server from their MT4 client terminals. The new server is the
latest addition to the growing Go Markets global presence, which now
includes servers in Singapore, Melbourne, Sydney, Perth and San Diego.

Commercial Network Services is the leading provider of VPS services
designed especially for FOREX traders and operates out of datacenters in
San Diego, New York City and London.

Contact:
Commercial Network Services
www.CommercialNetworkServices.com

Go Markets
www.gomarketsaus.com

Copyright 2010, Market Wire, All rights reserved.

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S and P Daily Commentary for 4.16.09

April 18, 2009 By Leave a Comment

The S and P futures are consolidating with the battle heating up between the bulls and the bears. We continue to receive mixed data from the U. S., preventing investors from committing fully to the concept of an economic recovery.

The theme at present is improvement in manufacturing coupled with a collapsing housing market while producer and consumer prices trend downwards. Although analysts predict the true economic recovery will begin with a turnaround in housing, the fact that all of the data coming from the U. S. isn’t overwhelmingly negative is a relief.

The positive that really sticks out from our screen is the upturn in weekly Unemployment Claims. Although any number over 600k is horrible to say the least, an improvement is welcomed. However, the negatives swirling around the bulls are preventing U. S. equities from skyrocketing.

Therefore, if the consolidation lasts for much longer, the S and P futures run the risk of losing their upward momentum. Conversely, the longer the futures consolidate, the further away our 3rd tier downtrend drifts.

Our correlations are signaling a game-changing move approaching, particularly crude futures and the EUR/USD. Both investment vehicles will be experiencing multiple inflection points soon, implying a return to high volatility.

We’ve seen volume pick up in the S and P futures over the past couple sessions, so we would not be surprised to see a large move in the coming days. We maintain our positive outlook on the S and P futures trend wise unless the collapse below our 2nd and 3rd tier downtrend lines.

Additionally, the futures still have the highly psychological 800 level on their side. Fundamentally, we find supports of 845.25, 839.75, 834.75, 829.5, and 825. To the topside, we see resistances of 850.5, 856.25, 867.75, and 871.5. The S and P futures are currently trading at 850.50.

Copyright 2009 FastBrokers, Latest Forex News and Analysis for Forex, Bullion and Commodity Traders.

Disclaimer: For information purposes only. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained. There is a substantial risk of loss in trading futures and foreign exchange.

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GBP USD Technical Forex Analysis for Forex Traders – 14april2009

April 14, 2009 By Leave a Comment

Rate falls through stops in-range but holds support at 1.4600 area; rate is holding the 100 day MA nicely ad aggressive traders can look to buy dips. Pullback being bought by large names traders say. Stops above the market from late shorts around 1.4720 area cleared for yet another time as the rate rallies overnight; large stops said to be around 1.4780 area.

Traders note support is likely firm at the 1.4450 area as expected. Close over 1.4900 argues for further gains but tech resistance is firm ahead of 1.5000. Overhead target of the 1.5000 area likely to trade but expect pressure. Traders feel the 23-year lows will likely remain secure.

The shorts may have lost control of the market above the 1.4440 area now and if that is the case a test of the 1.5000 area is almost a done-deal. Traders report stops in-range adding for two-way action.

GBP/USD Daily

Resistance 3: 1.4880
Resistance 2: 1.4840/50
Resistance 1: 1.4780
Latest New York: 1.4738
Support 1: 1.4580
Support 2: 1.4550
Support 3: 1.4520

Data due Tuesday: All times EASTERN (-5 GMT)

7:01pm GBP RICS House Price Balance

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com

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USD Technical Forex Analysis for Forex Traders 14april2009

April 14, 2009 By Leave a Comment

The Easter holiday weekend continues for one more day as some Asian markets were closed overnight leaving the USD unchanged-to-lower from Thursday as traders focused mainly on the crosses into the start of New York this morning. Volumes were understandable light and traders note two-way action dominated by tech factors continued.

Equities were higher overnight to start this week adding a bit to risk-acceptance putting the Greenback under slight pressure but the main focus remained the crosses with Yen rising against most of the major pairs; USD/JPY still encountering upside offers around the 100.80 area again with high prints at 100.73 before pulling back to the 100.50 area in early New York. Traders note that Japanese investors remain long of the Yen keeping the tone supportive on dips. Low prints in the USD at 100.22 with stops noted on a break of 100.10 some desks say.

GBP is higher holding slight gains with high prints at 1.4747 so far today; the rate opens New York around 1.4720 area with traders looking for a move over the 1.4780 area to trigger close-in stops. EURO is better from Thursday’s close after dipping under the 100 day MA over the weekend; high prints at 1.3218 with lows at 1.3125 making for a tighter range. Traders note a French name on the bid under the 1.3140 area suggesting possible official interest on dips; stops from model accounts noted above 1.3260 area arguing for tech and black box traders short the market on the dip under the 100 day MA.

USD/CHF is failing on the highs from last week despite a solid close over the 1.1550 area; highs at 1.1610 were offered and the rate fell through 1.1550 area for low prints at 1.1506 and is on the lows to open New York. Traders note liquidation stops likely placed around the 1.1490 area from momentum accounts that likely went long on the close over 1.1550.

USD/CAD had a tight range to start the week with highs at 1.2288 and lows at 1.2238; holding the 1.2240 area in early New York trade. Of all the pairs this morning the USD/CAD is looking to weakest some desks say due to the failure at the 1.2280 area near-term. Analysts suggest a close below the 1.2220 area will turn the charts negative arguing for a test of the 1.2180 area leaving the rate vulnerable to a further extension of losses from the 1.3000 area seen the past month.

In my view, the Greenback is continuing to consolidate the recent gains as corrective and not as strength. The USD is likely headed for a test of the lows seen after the break from the 3-year highs. I don’t see the underlying fundamentals as being overly supportive and should the equities markets continue to attract risk investors they will move cash as the sense of panic mitigates further. Look for the USD to remain two-way today through US data due tomorrow; likely the news will show continued contraction in the US economy suggesting potential for a weaker USD.

Overnight Asia/Europe

USD remains flat after thin holiday trade
Traders note light volumes and stops on both sides
Technical action drives early action

Today’s Economic Reports
All times EASTERN (-5 GMT)

None in the US
Bank holiday for most G-7 countries

Looking Ahead to Tuesday
All times Eastern (-5 GMT)

8:30am USD Core Retail Sales m/m
8:30am USD PPI m/m
8:30am USD Retail Sales m/m
8:30am USD Core PPI m/m
10:00am USD Business Inventories m/m
10:30am USD FOMC Member Evans Speaks
12:00pm USD Fed Chairman Bernanke Speaks

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros.com

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USD Technical Forex Analysis for Forex Traders

April 7, 2009 By Leave a Comment

The USD continued to correct higher trough today’s New York trade reaching the best levels of the day against the majors shortly after the London fix; despite the rise in the Greenback the majors held important S/R levels during the day and remains in two-way action into the close. Technical trade was the rule for the most part as the lack of economic news kept traders focused on near-time price levels with stops helping to drive most of the intraday action.

GBP never traded back to the earlier high seen in late Europe this morning of 1.4961 but retreated finding layers of stops for a low print at 1.4668 before recovering more than a full handle and settling above the 1.4700 handle. Traders note that cross-spreaders for Yen liquidating Yen crosses as well as weakness in EURO helping to drive the rate lower but Cable still held technical support at the 1.4720 area. EURO also took a dive dropping from the 1.3550 area in early trade for a low print at 1.3356 once again holding tech support ahead of the 1.3330 area; the rate also seeing liquidation from Yen crosses.

EUURO recovered back to the 1.3400 area and is trying for a close above the 1.3400 handle suggesting that the dips are being bought. Traders note that volumes were light on the move lower and there was bid interest during the fix today. The rest of the majors all held under tech resistance after trying for highs; traders note that the tech levels seen from last week are back in play across all pairs. USD/CHF high prints at 1.1409 were under the tech level of 1.1420; the rate failing to hold the 1.1400 handle by the end of the day. USD/JPY held firm making the USD at the highest levels seen since last year but off its highs; high prints at 101.46 never challenged in New York and the rate is unable to hold the 101.00 handle into the close.

USD/CAD rallied to a high print at 1.2443 before dropping back under the 1.2400 handle; a late push back to the 1.2400 handle sees the rate holding around the 1.2405 area in light trade. All the rates either held their respective 100 day MA S/R levels or their recent Fib levels suggesting that all of today’s action was dominated by short-term traders and likely will repeat tomorrow. With a light economic calendar due tomorrow and into mid-week the USD will likely remain two-way for the next 24-48 hours. Look for the Greenback to be subdued overnight and respect current ranges.

Today’s US Dollar Trading

* USD reverses off lows to make highs in New York
* Majors respect existing S/R, stops in range drive most action
* Volumes lighter with most action ahead of the London fix

Overnight Preview

* Look for the Greenback to hold existing ranges
* Volumes likely to be light

Looking Ahead to Tuesday
All times Eastern (-5 GMT)

* 10:00am USD IBD/TIPP Economic Optimism
* 3:00pm USD Consumer Credit m/m

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GBP USD Technical Forex Analysis for Forex Traders

April 7, 2009 By Leave a Comment

Rate pressures up to within striking distance of 1.5000 overnight; likely offers will be thick on any further advance. Aggressive traders can look to lighten up on longs above 1.4950 area. Stops noted above the 1.4880 area on the way up with traders noting stops under there on the way down.

Traders note support is likely firm at the 1.4450 area as expected; offers ahead of 1.4700 easily absorbed keeping the bias to the upside. Close over 1.4900 argues for further gains but tech resistance is firm ahead of 1.5000. Overhead target of the 1.5000 area likely to trade but expect pressure. Traders feel the 23-year lows will likely remain secure. The shorts may have lost control of the market above the 1.4440 area now and if that is the case a test of the 1.5000 area is almost a done-deal. Traders report stops in-range adding for two-way action.

GBP/USD Daily

Resistance 3: 1.5040/50

Resistance 2: 1.5000

Resistance 1: 1.4950

Latest New York: 1.4942

Support 1: 1.4650

Support 2: 1.4580

Support 3: 1.4550

Data due Tuesday: All times EASTERN (-5 GMT)

4:30am GBP Manufacturing Production m/m

4:30am GBP Industrial Production m/m

7:01pm GBP Nationwide Consumer Confidence

7:01pm GBP NIESR GDP Estimate

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EURO USD Technical Forex Analysis for Forex Traders

April 7, 2009 By Leave a Comment

Rate consolidates and holds gains but is capped at 1.3580 with stops likely above 1.3600 now. Rate is solid above the 100 day MA. Traders note offers above the 1.3630 area but bids continue to support ahead of 1.3480; foothold over the 1.3500 handle likely to encourage a short-squeeze. Rate likely has stops building in both directions; shorts lose control of the market after rate clears stops above the 1.3430 area.

Action remains two-way; any move lower is likely supported on dips. Overhead resistance at 1.3330/50 area now support on a pullback; aggressive traders can ADD on a dip. Possibly more official and semi-official bids overnight with traders noting Middle-eastern names on the bid. Long-term bulls are likely still in control of the market and this significant pullback is a buying opportunity in my view.

EURO/USD Daily

Resistance 3: 1.3620/30

Resistance 2: 1.3580

Resistance 1: 1.3520

Latest New York: 1.3516

Support 1: 1.3480

Support 2: 1.3420

Support 3: 1.3380

Data due Tuesday: All times EASTERN (-5 GMT)

NONE

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GBP USD Technical Forex Analysis for Forex Traders

March 10, 2009 By Leave a Comment

Rate follows-on lower on stops under the 1.4050 area in size, cross-spreaders selling the GBP side of the spreads. Buy point around 1.4000 area in my view. Reversal off weekly highs a negative technical; is it a bear trap? Likely an upside rally is still in the works but the rate needs to hold the 1.4000 area with some confidence early this week.

Middle East names likely on the bid on this dip but no confirm yet. Traders report stops in-range adding for two-way action. Long-term tech resistance now at 1.5000 area likely to cap near term but stops are building above and the
1.5000 handle is a big psychological number.

23 year lows are very likely to hold on any break with initial support now at 1.3900 in play. Two-way action continues suggesting that shorts are aggressively adding and longs are trying to find a bottom. Short squeeze may be on hold.

GBP/USD Daily

  • Resistance 3: 1.4440
  • Resistance 2: 1.4380
  • Resistance 1: 1.4300/10
  • Latest New York: 1.3780
  • Support 1: 1.3740/50
  • Support 2: 1.3700
  • Support 3: 1.3650

Data due Tuesday: All times EASTERN (-4 GMT)

  • 4:30am GBP Manufacturing Production m/m
  • 4:30am GBP Industrial Production m/m
  • 7:01pm GBP NIESR GDP Estimate

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more
details about Forex Trading and Tips for decent earnings through Forex
Trading, Please check http://www.forexpros.com

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USD Technical Forex Analysis for Forex Traders

March 10, 2009 By Leave a Comment

The USD is holding gains into the end of New York trading today after solid two-way action overnight put the Greenback on the offensive into this morning. Rising to new weekly highs against GBP and yearly highs against CAD; other major pairs remain range-bound and inside-range. Traders note that cross-spreaders for GBP pairs kept Sterling on the defense all day putting in a low print at 1.3741 before stabilizing back on the 1.3800 handle for most of the day.

Investor confidence remains weak to start the week as equities remained under pressure and traders note some flight to quality buying of USD was seen but remind that the Greenback is over-bought in the near-term. With high bullish consensus among traders it is hard to see the USD continuing to climb without some sort of a correction and traders note that in most pairs a “buy the dip” mentality is in play. EURO tracked GBP lower for low prints at 1.2555 before rallying back to the 1.2660 area and edges lower to the 1.2620/30 area into the end of day; overnight high prints at 1.2728 remained unchallenged in New York. USD/CHF failed again at the 1.1680 area; high print at 1.1683 before retreating under the 1.1600 handle but lows at 1.1533 remain unchallenged on the day making the USD/CHF lower and inside range on the day near the end of day.

Traders continue to remain fearful of possible intervention by the SNB but most traders see that as remote. USD/CAD was the big winner on the day rallying through stops over the 1.3000 area for a high print of 1.3066 before backing off a full handle later in the day; the rate is attracting a sizable amount of flight-to-quality buyers but traders remind that the multi-year highs are going to be a tempting area for sellers and how the rate performs to end the week may set the stage for a near-term top. Canadian payrolls due Friday may provide some ending fireworks to the week and if the rate can’t close above the 1.3000 handle the next day or two a long-liquidation break may be brewing. USD/JPY followed USD strength elsewhere and rose to a high print in New York at 99.20 before dropping back to the 98.70 area; traders note a lot of exporter selling was absorbed above the 98.50 area and many are looking for a test of the weekly highs around the 99.60 area. Above there are likely stops but the big number will be the 200 day MA around the 100.00 area. In my view, the Greenback is continuing to show signs of a top in my view; overwhelming bullish sentiment but a failure to make highs across the board make for a suspect rally today. Look for more two-ay technical action overnight as the calendar remains thin for news. Aggressive traders can look to the sell side of USD the next 24 hours or so.

Today’s US Dollar Trading

  • USD lower in Asia, firms into New York and holds
  • New highs in CAD but USD ends mixed
  • Traders note solid bids in some pairs on the dip

Overnight Preview

  • Look for more two-way technical action
  • USD is due for a correction

Looking Ahead to Tuesday
All times Eastern (-4 GMT)

  • 7:30am USD Fed Chairman Bernanke Speaks
  • 9:00am USD IBD/TIPP Economic Optimism
  • 9:00am USD Wholesale Inventories m/m

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check http://www.forexpros.com

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