Live Coverage: Fed Interest Rate Decision

Fed Interest Rates Decision with Valeria Bednarik

(11/04/2009)

  

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FXstreet.com:  Good morning, good afternoon and good evening to everyone all over the world. Today's FED Interest Rates decision Live Coverage will start in 5 minutes. I am really happy to introduce Valeria Bednarik who is going to take part in this live event today as a presenter. She will be giving us a direct picture of the market status. Wednesday November 4, 2009 6:56 FXstreet.com

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FXstreet.com:  Valeria Bednarik has been an active Forex trader for the last 4 years, specializing in the International Foreign Exchange Market. She also graduates in the Universidad Catolica del Salvador, in Argentina, as a Public Account, specializing in financials and cost managements. She currently manages an important clients portfolio for IFX Markets, Boston and is senior trader manager at Molfx-Management; besides she works training new traders with Trader College LLC specializing in technical analysis, for the English speaking community. Wednesday November 4, 2009 6:56 FXstreet.com

6:56	FXstreet.com:  The Advisor Blog by Valeria Bednarik Wednesday November 4, 2009 6:56 FXstreet.com

6:56	Valeria Bednarik:  Hi everybody, and welcome to this Live! coverage! Wednesday November 4, 2009 6:56 Valeria Bednarik

6:56	Valeria Bednarik:  AS always is a pleasure to be here with you Wednesday November 4, 2009 6:56 Valeria Bednarik

6:56	FXstreet.com:  Welcome Valeria Wednesday November 4, 2009 6:56 FXstreet.com

6:57	[Comment From elieli: ]  hi Wednesday November 4, 2009 6:57 eli

6:57	FXstreet.com:  first thing today I want to ask our audience what do they think about Today's Fed Decision Wednesday November 4, 2009 6:57 FXstreet.com

6:57	FXstreet.com:  Vote the poll Wednesday November 4, 2009 6:57 FXstreet.com

6:57	Valeria Bednarik:  Hi Eli and welcome Wednesday November 4, 2009 6:57 Valeria Bednarik

6:58

what USD reaction do you anticipate after the decision today? USD soars against the other majors.  ( 18% ) USD gains slightly.  ( 24% ) USD shows sharp decline.  ( 47% ) USD shows less than expected dip.  ( 0% ) USD wildly swings up and down.  ( 12% ) USD does not show much reaction (low volatility).  ( 0% ) Wednesday November 4, 2009 6:58

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6:59	FXstreet.com:  Now, Valeria, I would like to hear your thoughts for today's event, what do you expect to hapen? Wednesday November 4, 2009 6:59 FXstreet.com

6:59

Valeria Bednarik:  As you know, we are waiting for the latest FED decision. Rates no doubts are expected unchanged at <0.25.. a change there will be no doubts a shock market is not expecting. Yet I don't expect that also. Rather market attention will be focus in fomc stance Wednesday November 4, 2009 6:59 Valeria Bednarik

7:00	FXstreet.com:  After the introduction, Valeria will answer some questions Wednesday November 4, 2009 7:00 FXstreet.com

7:00	FXstreet.com:  The Advisor Blog by Valeria Bednarik Wednesday November 4, 2009 7:00 FXstreet.com

7:00	Valeria Bednarik:  they have saying for quite a long time rates will remain low for a long time.... a change there if happens, will affect market Wednesday November 4, 2009 7:00 Valeria Bednarik

7:01	Valeria Bednarik:  yet _i believe is a double blade knife: will market react favoring dollar, or stocks? that's what we will have to wait and see Wednesday November 4, 2009 7:01 Valeria Bednarik

7:01	[Comment From yasir kidwaiyasir kidwai: ]  hi Valeria how are u Wednesday November 4, 2009 7:01 yasir kidwai

7:01	Valeria Bednarik:  Hi and Welcome! Wednesday November 4, 2009 7:01 Valeria Bednarik

7:01	[Comment From Arun KandyalArun Kandyal: ]  Hi Val How are you?where do you see GBP During year end? Wednesday November 4, 2009 7:01 Arun Kandyal

7:02	Valeria Bednarik:  Hi Arum i'm not sure if i'm able to do such prediccion. If pair continues rises and moves above the 1.70 area, then seems likley to be pushed close to 1.80 If we lost 1.57 closer to 1.52 Wednesday November 4, 2009 7:02 Valeria Bednarik

7:02	[Comment From elieli: ]  eur/usd first 1.4770 and then 1.4880-1.49 Wednesday November 4, 2009 7:02 eli

7:03	Valeria Bednarik:  Hi Eli! you expect a correction is likely, EUR/USD has supports from currrent level at 1.4800, 1.4770 and 1.4740. Only under this last bullish momentum could be shaken a bit Wednesday November 4, 2009 7:03 Valeria Bednarik

7:03	Valeria Bednarik:  to the upside, if pair regains 1.4865 or so, I expect a test of the 1.4925 area, and then a pullback/ correction Wednesday November 4, 2009 7:03 Valeria Bednarik

7:03	[Comment From yasir kidwaiyasir kidwai: ]  i think they are going to decrase the rate one more time Wednesday November 4, 2009 7:03 yasir kidwai

7:03	Valeria Bednarik:  Seens a bit difficult as they are already between o and 0.25 Yasir Wednesday November 4, 2009 7:03 Valeria Bednarik

7:03	[Comment From elieli: ]  no change in rate till 2010 Wednesday November 4, 2009 7:03 eli

7:04	[Comment From elieli: ]  gbp 1.75 by first q 2010 Wednesday November 4, 2009 7:04 eli

7:04	Valeria Bednarik:  ok Eli, tks for your view Wednesday November 4, 2009 7:04 Valeria Bednarik

7:04	[Comment From GuestGuest: ]  Hi Valeria how do you see usd/jpy react with fomc today? Wednesday November 4, 2009 7:04 Guest

7:05	Valeria Bednarik:  Will depend on stocks: japanese yen is quite attached to S&P since 4 or 5 months ago: if stocks push higler, pair likely approach to the 92.00 area, on the contrary, if stocks lost ground, pair could fell Wednesday November 4, 2009 7:05 Valeria Bednarik

7:05	[Comment From yasir kidwaiyasir kidwai: ]  i think in euro we are approching to 1.49 Wednesday November 4, 2009 7:05 yasir kidwai

7:05	Valeria Bednarik:  yes Yasir we are.. we have quite a tough zone around 1.4860... once cleared, the way will be faster and easier Wednesday November 4, 2009 7:05 Valeria Bednarik

7:05	[Comment From GuestGuest: ]  do u have any outlook for GBP Wednesday November 4, 2009 7:05 Guest

7:06	Valeria Bednarik:  Aas long as above 1.6520 pair should attempt another test of the 1.6600 area. If we lose 1.6480, then to the downside Wednesday November 4, 2009 7:06 Valeria Bednarik

7:06	[Comment From elieli: ]  yes Wednesday November 4, 2009 7:06 eli

7:06	[Comment From GuestGuest: ]  gold will be up or down Wednesday November 4, 2009 7:06 Guest

7:07	Valeria Bednarik:  Gold is not doubts bullish, and at this point, 1100/oz seems inevitable..I expect gold to continue rising even above that 1100 level Wednesday November 4, 2009 7:07 Valeria Bednarik

7:07	[Comment From greggreg: ]  hi Wednesday November 4, 2009 7:07 greg

7:07	[Comment From AdamAdam: ]  Where do you see the Fed rate in 2011 and beyond? Wednesday November 4, 2009 7:07 Adam

7:08	Valeria Bednarik:  Sorry Adam, really I cannot answer that. I have no access to Bernie phone ;) Wednesday November 4, 2009 7:08 Valeria Bednarik

7:08	[Comment From yasir kidwaiyasir kidwai: ]  valeria will you pls tell me whats the fate of Aus Wednesday November 4, 2009 7:08 yasir kidwai

7:09	Valeria Bednarik:  Still bullish, Aud is quite attacd to gold. I do expect a break above previous high, thus the pair is quite overbought int the weekly, and we will see a major correction there... not yet! not signs of that! Wednesday November 4, 2009 7:09 Valeria Bednarik

7:09	[Comment From elieli: ]  what do you thing the eur will do? Wednesday November 4, 2009 7:09 eli

7:10	Valeria Bednarik:  A long time ago I stoped thinking of what currencies "will do" and rather wait 15 minutes after a news to see what is really going on Wednesday November 4, 2009 7:10 Valeria Bednarik

7:10	[Comment From pradeeppradeep: ]  any reason why your are bullish on gold Wednesday November 4, 2009 7:10 pradeep

7:11	Valeria Bednarik:  yes wish i can show you a chart. Technically break above the 100% expansion around 1075 from the last daily upsdie movement. As long as above that level remains bullish for me Wednesday November 4, 2009 7:11 Valeria Bednarik

7:11	[Comment From yasir kidwaiyasir kidwai: ]  lol Wednesday November 4, 2009 7:11 yasir kidwai

7:11	[Comment From TarunTarun: ]  Hi Valeria, hope you are doing good !! What do you expect if there is no change in interest rate ? Wednesday November 4, 2009 7:11 Tarun

7:12	Valeria Bednarik:  Hi Tarum tks! I expect the FED to hold the dovish speach...about exceptionally low for an extended period, forcing dollar down Wednesday November 4, 2009 7:12 Valeria Bednarik

7:12	[Comment From PedroPedro: ]  Hello Valeria, do you think the FED will take on consideration the concerns of Mainly Europe and other economies due the softness of the Dolar? Wednesday November 4, 2009 7:12 Pedro

7:13	Valeria Bednarik:  No... really I don't expect that from FED Wednesday November 4, 2009 7:13 Valeria Bednarik

7:13	[Comment From GuestGuest: ]  Hi, with Gold increasing and Oil increasing, what will the dollar do inspite of the interest rate decision? Wednesday November 4, 2009 7:13 Guest

7:13	Valeria Bednarik:  Fall Commodities to the upside mean dollar to the downside. Wednesday November 4, 2009 7:13 Valeria Bednarik

7:13	[Comment From GuestGuest: ]  what do you think the possibilities of 1.50 euro/usd after the release? Wednesday November 4, 2009 7:13 Guest

7:14	Valeria Bednarik:  Seems a bit too much, after today's rally, but is not a totally wild idea Wednesday November 4, 2009 7:14 Valeria Bednarik

7:14	[Comment From RioRio: ]  Hello Valeria, I expect a spike up testing the 16600 and a sharp decline afterwards... would you agree. I believe there will be no major information emerging tonight, and the weight of tomorrows BOE to me heavier on cable... Wednesday November 4, 2009 7:14 Rio

7:15	Valeria Bednarik:  yes... I do believe that we are going to be a bit disappointed with today's reaction. Tomorrow data is already weighting in traders... and if the BOE exptends QE Gbp will slump probably Wednesday November 4, 2009 7:15 Valeria Bednarik

7:16	[Comment From Ylber PatokuYlber Patoku: ]  Hi Valeria, seems like every body are waiting one of 2 possible expressions "extended period" and the other one "for some time". Which one will make dollar go bullish? Wednesday November 4, 2009 7:16 Ylber Patoku

7:16	Valeria Bednarik:  some time... less than before decision came! Wednesday November 4, 2009 7:16 Valeria Bednarik

7:17	Valeria Bednarik:  Euro and Gbp are pushing higher also USD/jPY I cant see the result yet Wednesday November 4, 2009 7:17 Valeria Bednarik

7:17	[Comment From af_riosaf_rios: ]  hi Wednesday November 4, 2009 7:17 af_rios

7:17	[Comment From TarunTarun: ]  how that will effect eur/gbp pair ? Wednesday November 4, 2009 7:17 Tarun

7:18	Valeria Bednarik:  I believe the EUR/gbp is in a consolidation stage close to highs, ready to turn down. but that's just my idea Wednesday November 4, 2009 7:18 Valeria Bednarik

7:18	[Comment From af_riosaf_rios: ]  ok Wednesday November 4, 2009 7:18 af_rios

7:18	[Comment From ManosManos: ]  Do you think that new dollar lows are possible into 2009 (Greetings from Greece) Wednesday November 4, 2009 7:18 Manos

7:19	Valeria Bednarik:  Hi Manos and tks! actually I dont' see that, but is highly posible yes. Wednesday November 4, 2009 7:19 Valeria Bednarik

7:20	FXstreet.com:  The Fed keeps the rates unchanged as expected Wednesday November 4, 2009 7:20 FXstreet.com

7:20	Valeria Bednarik:  ok Rates unchanged. Wednesday November 4, 2009 7:20 Valeria Bednarik

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7:20	Valeria Bednarik:  stocks are falling and dollar gaining some ground after a first spike against it. Wednesday November 4, 2009 7:20 Valeria Bednarik

7:20	FXstreet.com:  US Fed maintains Funds rate on hold at 0.25% Wednesday November 4, 2009 7:20 FXstreet.com

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7:20	[Comment From lfxlfx: ]  im 100 lots short eurusd, should i close or wait some more? lol Wednesday November 4, 2009 7:20 lfx

7:21	Valeria Bednarik:  LOL close!! Wednesday November 4, 2009 7:21 Valeria Bednarik

7:22	Valeria Bednarik:  FED also mantain the low rates levels for an extended period. Yhey aid inflation remain subdue for some time, Wednesday November 4, 2009 7:22 Valeria Bednarik

7:22	[Comment From SebSeb: ]  Good Day Valeria, what would you expect for USD/CAD? Wednesday November 4, 2009 7:22 Seb

7:22	FXstreet.com:  The Advisor Blog by Valeria Bednarik Wednesday November 4, 2009 7:22 FXstreet.com

7:23	Valeria Bednarik:  Honestly, I don't expect the barrel to move very far away from 60 85 dollars a barrel... that will keep the CAD above 1.0400 and as we are seeing it lately, movig in a 400 range pips Wednesday November 4, 2009 7:23 Valeria Bednarik

7:24	Valeria Bednarik:  Stocks recover a bit... USD/Jpy jumps to the upside... euro and Gbp push higher. Wednesday November 4, 2009 7:24 Valeria Bednarik

7:24	Valeria Bednarik:  still eur is not able to break clearly above 1.4860 while gbp quickly rebounded from 1.6600 asit did several times these past months. let's see how things develop Wednesday November 4, 2009 7:24 Valeria Bednarik

7:25

[Comment From GuestGuest: ]  we should have a pullback of both euro and gbp at least till next week, and then i think dollar will lose quite impressive....3rd quartuer shows usa out of recession..in my view that is not a good thing for usa and usd as this mean that the gov pump money until we cover the mess program works and this will generate devalue of the usd and just create another bubble and nobody will lend money to usa to pay other debts..USD will be a mess Wednesday November 4, 2009 7:25 Guest

7:26

Valeria Bednarik:  You are not completelly far from reallity, yet... do you believe is teh only economy going trough that?? at least lat GDP reading was better than expected, while we are seing production, and consumption ad jobs falling in Germany in euro zone we even have deflation... and what about UK GDP 2 weeks ago? Wednesday November 4, 2009 7:26 Valeria Bednarik

7:27	Valeria Bednarik:  I'm not saying dollar is strong... I do thing they are all messed up exactly the same Wednesday November 4, 2009 7:27 Valeria Bednarik

7:27	[Comment From vorthexvorthex: ]  Hi, do you think the Q3 Earnings report for FNM will be positive? Wednesday November 4, 2009 7:27 vorthex

7:27	Valeria Bednarik:  Really, I'm not sure about that! Wednesday November 4, 2009 7:27 Valeria Bednarik

7:28	[Comment From GuestGuest: ]  eur usd can u please tell me buy or sell Wednesday November 4, 2009 7:28 Guest

7:29	Valeria Bednarik:  Sorry... but at current level I won't like either. I need to see a confirmation either above 1.4860 or under 1.4740 to take a decision. Wednesday November 4, 2009 7:29 Valeria Bednarik

7:29	[Comment From aliali: ]  should we short stocks? thx Wednesday November 4, 2009 7:29 ali

7:30	Valeria Bednarik:  Well they are losing gound quite quickly favorning risk aversion and dollar wins, but I just watch indexes levels, not technical signals there Wednesday November 4, 2009 7:30 Valeria Bednarik

7:30	[Comment From GuestGuest: ]  this is going to down Wednesday November 4, 2009 7:30 Guest

7:30	[Comment From GuestGuest: ]  Valeria how come euro/usd is still not go bullish with the recent comment? I presume with the "extended period" it should go bullish. Wednesday November 4, 2009 7:30 Guest

7:32	Valeria Bednarik:  pair is following stocks, and as I comment earlier, not also falling... a disappointing reaction due to tomorrow data Wednesday November 4, 2009 7:32 Valeria Bednarik

7:32	[Comment From Faraz JavedFaraz Javed: ]  Any impact on gold Wednesday November 4, 2009 7:32 Faraz Javed

7:32	Valeria Bednarik:  If spike a bit to the downside, back at 1090 Wednesday November 4, 2009 7:32 Valeria Bednarik

7:33	[Comment From GuestGuest: ]  I think you are wrong the euro and GBP should stay cap and the dollar will recover to 1.35 till year end Wednesday November 4, 2009 7:33 Guest

7:34

Valeria Bednarik:  2 months for year end... I wish it could but I think it can't . And if you understood that I see new highs in eur and gbp, sorry I may have expressed wrongly. as commented above, all economies seem quite messed up, no economy is strong enought except maybe Australia, so for me there are no real reasons to see eur or gbp at current levels. Wednesday November 4, 2009 7:34 Valeria Bednarik

7:35	Valeria Bednarik:  yet, after spike.. seems we are finally going up. Euro is attempting to break above this 1.4860 zone. a confirmation here, will approach as to the 1.4925 area Wednesday November 4, 2009 7:35 Valeria Bednarik

7:35	[Comment From Kandasaamy.V.S.Kandasaamy.V.S.: ]  When did huge market cools down. what is usd/jpy next 2 hour target ? Wednesday November 4, 2009 7:35 Kandasaamy.V.S.

7:36	Valeria Bednarik:  I don't expect that pair to move far from current zone... between 90.70 and 91.00 Wednesday November 4, 2009 7:36 Valeria Bednarik

7:36	[Comment From phenomphenom: ]  will the aud/usd pair hit 93 and above within the next 10 days?or ine short term? Wednesday November 4, 2009 7:36 phenom

7:37	Valeria Bednarik:  Is likley if gold remains above 1075 as commeted before Australia is among the 3 mayor world gold producers so the currency is quite attached always been to gold. Wednesday November 4, 2009 7:37 Valeria Bednarik

7:37	[Comment From ArvindArvind: ]  Thankx... Wednesday November 4, 2009 7:37 Arvind

7:37	[Comment From yahyayahya: ]  am short gbp/usd Wednesday November 4, 2009 7:37 yahya

7:38	Valeria Bednarik:  Well hope you have a tight stop. maybe above 1.6640??? Wednesday November 4, 2009 7:38 Valeria Bednarik

7:38	[Comment From yahyayahya: ]  wats ur advice now,sell or buy usd Wednesday November 4, 2009 7:38 yahya

7:39

Valeria Bednarik:  in the long term, I do believe that we will have to wait at least till Friday's close to see if there is a ny definitions in dollar. We have BOE and ECB tomorrow, and Non farm Payrolls on Friday. market won't be taking strong decisions today Wednesday November 4, 2009 7:39 Valeria Bednarik

7:39

[Comment From GuestGuest: ]  yes that's right, as although i'm from europe i favor the dollar as a prefference, but this type of "saving" plan made by usa is more like a ponzi scheme....i'm just thinking about how long will it take for other countries to realize that at this pace us won't be able to pay their debts and stop the money flow..and then us will have to print huge amount of money. This is in theory..we know that reality differs quite alot..all i hope that a balance will be kept and we won't have a very devalued USD especially against euro (as it is right now the most overvalued currency vs the usd...a fair value will be around 1.20 in my opinion and 1.56 against gbp - info gathered from what i'v read not my own analysis) Wednesday November 4, 2009 7:39 Guest

7:40	Valeria Bednarik:  yes,,, exactly!!! tks for adding that Wednesday November 4, 2009 7:40 Valeria Bednarik

7:40	[Comment From Faraz JavedFaraz Javed: ]  from where do you expect its correction that is due Wednesday November 4, 2009 7:40 Faraz Javed

7:41	Valeria Bednarik:  Aud you mean? iw we move above 0.93 area, I expect the pair to reach the 0.95 level qute fast Wednesday November 4, 2009 7:41 Valeria Bednarik

7:42	Valeria Bednarik:  Stocks adn gold keep rising strongly. Dollar should fall now then yen Wednesday November 4, 2009 7:42 Valeria Bednarik

7:42	[Comment From GuestGuest: ]  How do you see removing stimulus impact toward dollar? Wednesday November 4, 2009 7:42 Guest

7:42	Valeria Bednarik:  Seems to be far far away.. but should favor greenback at least in the term Wednesday November 4, 2009 7:42 Valeria Bednarik

7:42	[Comment From mikemike: ]  hi Valeria , where do you see USD/JPY six months from now ???? Wednesday November 4, 2009 7:42 mike

7:43	Valeria Bednarik:  Wish i can see the future, but I can't ;) Wednesday November 4, 2009 7:43 Valeria Bednarik

7:44	Valeria Bednarik:  Please, don't ask me for trading recomendations. I can't give any.. just read between lines, and believe in your analysis Wednesday November 4, 2009 7:44 Valeria Bednarik

7:45	[Comment From aliali: ]  what would be your gbp/usd target for next 4 hours? thanks Wednesday November 4, 2009 7:45 ali

7:45	Valeria Bednarik:  If pair breaks above 1.6600, and is close to, around 1.6640/60 only if we lose 1.6520 pair could fall back Wednesday November 4, 2009 7:45 Valeria Bednarik

7:46	[Comment From mikemike: ]  whats your view for JPY for coming months ?? Wednesday November 4, 2009 7:46 mike

7:47	Valeria Bednarik:  We know that JPY tends to strength between january and march due to end of fiscal year. I believe is already overvaluated, yet I don't se it losing the 87.00 level, Wednesday November 4, 2009 7:47 Valeria Bednarik

7:47	[Comment From Faraz JavedFaraz Javed: ]  Where do you think golds fifth wave will end, traders are targeting for 1125 area and the commodity has correction due on it. Where do you see the correction on the downside?? Wednesday November 4, 2009 7:47 Faraz Javed

7:48	Valeria Bednarik:  Well as I told you a few minutes ago, I do expect yes more rises there to the 1100 area, so yes we are talking about the same levels. Wednesday November 4, 2009 7:48 Valeria Bednarik

7:48	[Comment From GuestGuest: ]  will eur/usd get 1.4950 till the end of this week? Wednesday November 4, 2009 7:48 Guest

7:48	Valeria Bednarik:  If pair close the day above 1.4900, will likely reach that zone next Asian session. Wednesday November 4, 2009 7:48 Valeria Bednarik

7:48	[Comment From richardrichard: ]  do you think gbp is capped 1.6640 Wednesday November 4, 2009 7:48 richard

7:49	Valeria Bednarik:  1.6640/60 area should offer some strong resistnace yes.. if pair breaks higher, expect more upside momentum in the pair. Wednesday November 4, 2009 7:49 Valeria Bednarik

7:50	[Comment From heru (indonesia)heru (indonesia): ]  thanks valeria Wednesday November 4, 2009 7:50 heru (indonesia)

7:50	[Comment From scspscsp: ]  Now, will be U.S. $ 1.7500 Wednesday November 4, 2009 7:50 scsp

7:50	Valeria Bednarik:  For what? EURO? really? Wednesday November 4, 2009 7:50 Valeria Bednarik

7:50	[Comment From GuestGuest: ]  what do you think about liquidity in euro/usd? Wednesday November 4, 2009 7:50 Guest

7:51	Valeria Bednarik:  is the most traded pair.. despite liquidity may have been decreasing along this past months in general in forex market, I don't believe it will change in EUR/USD. pair on contrary, will keep on attracting buyers and sellers Wednesday November 4, 2009 7:51 Valeria Bednarik

7:52	[Comment From Mr. CADMr. CAD: ]  Why is GBP going up given the fact that tomorrow they may increase the size of the QE whereas the FED has signalled an exit. Wednesday November 4, 2009 7:52 Mr. CAD

7:53	Valeria Bednarik:  MAY increase.. we have no certain information about that.. just speculation Wednesday November 4, 2009 7:53 Valeria Bednarik

7:53	[Comment From zainalzainal: ]  what is the next resistance for EUR/USD you think Wednesday November 4, 2009 7:53 zainal

7:53	Valeria Bednarik:  1.4925 and 1.4960 area Wednesday November 4, 2009 7:53 Valeria Bednarik

7:54	[Comment From GuestGuest: ]  where do you see correction for euro/usd? Wednesday November 4, 2009 7:54 Guest

7:55	Valeria Bednarik:  I still dont see any sign of correction in the pair. If you are talking about now today short short term, 1.4860 area. In the long term, 1.35 Wednesday November 4, 2009 7:55 Valeria Bednarik

7:55	[Comment From Faraz JavedFaraz Javed: ]  After gold has reached pinnacle where do you think correction should come?? 1030 region or anywhere above? Wednesday November 4, 2009 7:55 Faraz Javed

7:55	Valeria Bednarik:  I see a support around 107and then yes the 1030 previous highs area. Under that level, 1000 and 982 come next Wednesday November 4, 2009 7:55 Valeria Bednarik

7:56	[Comment From FransFrans: ]  Valencia you dont like tecnical analisis do you? Wednesday November 4, 2009 7:56 Frans

7:56	Valeria Bednarik:  Frans, I only trade technicals. Wednesday November 4, 2009 7:56 Valeria Bednarik

7:56	[Comment From petrickpetrick: ]  Hi, where do you think is the support level for usd/chf?? Wednesday November 4, 2009 7:56 petrick

7:57	Valeria Bednarik:  If we lost 1.0120 we should test levels around 0.09970 or so.. from there under parity... well a strong spike down untill next intervention movement Wednesday November 4, 2009 7:57 Valeria Bednarik

7:57	[Comment From MasudMasud: ]  SMA 20 monthly is not in favor of EURUSD then at what target u see the reversal ? Wednesday November 4, 2009 7:57 Masud

7:58	Valeria Bednarik:  That's quite tricky as 20 SMA is quite bullish in the weekly still. To confirm a trned reversal, I would love to see the pair under 1.4450 or so Wednesday November 4, 2009 7:58 Valeria Bednarik

7:59	[Comment From GuestGuest: ]  Do you think asian and euro session will push euro/usd to 1.50's area? Wednesday November 4, 2009 7:59 Guest

7:59	Valeria Bednarik:  Seems a bit too much but is posible of course Wednesday November 4, 2009 7:59 Valeria Bednarik

7:59	[Comment From Faraz JavedFaraz Javed: ]  Do you really believe Gold can fall that low like on the area below 1000 given the current circumstances? I still find it hard to believe Wednesday November 4, 2009 7:59 Faraz Javed

8:00	Valeria Bednarik:  No, i said is bullish. Just someone ask supports, and I just mentioned them Wednesday November 4, 2009 8:00 Valeria Bednarik

8:00	[Comment From EmmanuelEmmanuel: ]  wat do yu think might happen to gbp tomorrow since it has advanced so much today. Wednesday November 4, 2009 8:00 Emmanuel

8:00	Valeria Bednarik:  we will discuss that in tomorrow's live coverage! ;) Wednesday November 4, 2009 8:00 Valeria Bednarik

8:01	[Comment From India ArvindIndia Arvind: ]  will dollar today or tomorrow strong ? Wednesday November 4, 2009 8:01 India Arvind

8:01	Valeria Bednarik:  poor dollar seems unlikely! Wednesday November 4, 2009 8:01 Valeria Bednarik

8:02	FXstreet.com:  We are short of time today so the wrap-uo moment is soon. I would like to take the opportunity to emind you about today's sponsor service's Wednesday November 4, 2009 8:02 FXstreet.com

8:02	[Comment From TaseenTaseen: ]  can we expect correction in E/$ around i.5000 Wednesday November 4, 2009 8:02 Taseen

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8:03	Valeria Bednarik:  yes seems likely as gold has reach a fresh high supporting more dollar falls. Wednesday November 4, 2009 8:03 Valeria Bednarik

8:04	FXstreet.com:  I would also like to explain you about the FXstreet.com Learning Centar program Wednesday November 4, 2009 8:04 FXstreet.com

8:04	Valeria Bednarik:  After the FED leaved rates low for an extended period, due to high unemployment levels, and current low inflation, dollar is losing ground quickly against european and commodity currencies Wednesday November 4, 2009 8:04 Valeria Bednarik

8:04	FXstreet.com:  Learning Center Wednesday November 4, 2009 8:04 FXstreet.com

8:05	FXstreet.com:  let's go with Valeria's wrap up! Wednesday November 4, 2009 8:05 FXstreet.com

8:06	Valeria Bednarik:  The fact that FED expressed growing confident in the economic recovery, send stocks higher feeding risk appetite: gold reach a fresh historical high at 1097, EUR/USD hit 1.4900, while GBP/USD reached the 1.6600 level as expected Wednesday November 4, 2009 8:06 Valeria Bednarik

8:08

Valeria Bednarik:  Japanese yen however, the other safe haven remains in range between 90.70/91.00 area, despite reaching an intraday high of 91.30. At this point, I do believe that no much more movements are going to be seen today, as investors will be reluctant to play strong cards ahead of tomorrow's data Wednesday November 4, 2009 8:08 Valeria Bednarik

8:09	Valeria Bednarik:  BOE and ECB will be announcing there monetary policies also, and witn Non Farm Payrolls next Friday, we will need to wait for the end of the week to confirm current dollar bearish trend Wednesday November 4, 2009 8:09 Valeria Bednarik

8:10	Valeria Bednarik:  Anyway, I will be back here again tomorrow! to cover both events live! so hope to see you then! As always, is a pleasure to share this time with you! Wednesday November 4, 2009 8:10 Valeria Bednarik

8:11	Valeria Bednarik:  Hope we had more time! see you tomorrow! Bye! Wednesday November 4, 2009 8:11 Valeria Bednarik

8:11	FXstreet.com:  Thank you very much Valeria! And yes, we will be back tomorrow for the BoE and the ECB live coverages Wednesday November 4, 2009 8:11 FXstreet.com

8:11	FXstreet.com:  and again on Friday for the NFP live Coverage Wednesday November 4, 2009 8:11 FXstreet.com

8:12	FXstreet.com:  In the meantime, we recommend you to follow the Forex Markets latest news on FXstreet.com. Visit our News section and get the Real-Time economic News! Wednesday November 4, 2009 8:12 FXstreet.com

8:12	FXstreet.com:  Thanks for your participation today and Tahnks to FXCM, today's sponsor to help us to make this Live Coverage possible. Wednesday November 4, 2009 8:12 FXstreet.com

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8:13

 

 

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