Non-Farm Payrolls Release Live Coverage

Non-Farm Payroll release with Valeria Bednarik

(11/06/2009)

  

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1:13	FXstreet.com:  Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations. Friday November 6, 2009 1:13 FXstreet.com

1:13

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1:14

FXstreet.com:  Good morning, good afternoon and good evening to everyone all over the world. Today's U.S. NFP Live Coverage is going to start shortly. I am pleased to introduce Valeria Bednarik who is going to take part in this live event today as a co-presenter. She will be giving us a direct picture for the market status. Friday November 6, 2009 1:14 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. Friday November 6, 2009 1:14 FXstreet.com

1:14

Valeria Bednarik:  Hi everybody and welcome back! As usual, is an honor to be here with you again. Today we are waiting for the latest U.S. employment data. The fact is that despite the unemployment rate is expexted to the upside at 9.9% market has already priced in a 10% this year, so it could not shock us. Friday November 6, 2009 1:14 Valeria Bednarik

1:15	Valeria Bednarik:  However, two factors we must pay attention two: First, Canada reading was really bad much much worst than expected, and usually, USUALLY, U.S. data tends to come in line with Canada Friday November 6, 2009 1:15 Valeria Bednarik

1:15	Did the U.S. labor market hit the bottom? Yes, it will recover at a good rate.  ( 5% ) Yes, it will recover slowly  ( 32% ) No, It will become worse further  ( 18% ) No, but there is a sing of recover.  ( 27% ) I have no idea.  ( 18% ) Friday November 6, 2009 1:15

1:15	[Comment From machariamacharia: ]  welcome valeria...pressure to have u hr Friday November 6, 2009 1:15 macharia

1:15	Valeria Bednarik:  Hi and tks! Friday November 6, 2009 1:15 Valeria Bednarik

1:17

Valeria Bednarik:  Anyway, remember that lately, U.S. data tends to do it's efect on stocks: if stocks rise, risk appetite likely to push dollar down, while a bad data likely to send stocks down and dollar down. This is not a law: is what has been happening for almost all this year Friday November 6, 2009 1:17 Valeria Bednarik

1:17	[Comment From India ArvindIndia Arvind: ]  Should i buy or sell EURUSD? Friday November 6, 2009 1:17 India Arvind

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1:17	Valeria Bednarik:  Hi india! already whit that? ok gave market 15 minutes after the data... we could have crazy spikes and gaps. Watch stocks reaction. I would lile to sell euro only under 1.4800 Friday November 6, 2009 1:17 Valeria Bednarik

1:18	[Comment From machariamacharia: ]  if it goes in line with canada..do we expect worse for the us or stronger curency? Friday November 6, 2009 1:18 macharia

1:18	Valeria Bednarik:  Yes macharia should be the idea... but we need to see how market reacts... it could change of course but unlikely Friday November 6, 2009 1:18 Valeria Bednarik

1:19	Valeria Bednarik:  Seems so in the long term.. Above that level should extend the upside, but we are quite far away now.. a spike from here to there, will have to show some retreat before a continuation Friday November 6, 2009 1:19 Valeria Bednarik

1:19	[Comment From Kandasaamy.V.S.Kandasaamy.V.S.: ]  i put order to buy eur/jpy at 136.00 is this correct Friday November 6, 2009 1:19 Kandasaamy.V.S.

1:19	Valeria Bednarik:  above is your answer sorry. i have some lag Friday November 6, 2009 1:19 Valeria Bednarik

1:20	[Comment From GuestGuest: ]  hi what do u thinks eur-usd Friday November 6, 2009 1:20 Guest

1:20	FXstreet.com:  New Chapter of the Learning Center: "Developing a Trading System" - Available at: http://www.fxstreet.com/education/learning-center/unit-3/chapter-1/definition-of-a-trading-system/ Friday November 6, 2009 1:20 FXstreet.com

1:21

Valeria Bednarik:  I thing dollar is weak, yet today we will move acordingly to stocks.. Euro under 1.4800 will likely fall, while I need a clear move above 1.4930 to confirm the upside continuation for now, pair has been contained under the 61.8% retramecemet at 1.4900 of the last daily fall Friday November 6, 2009 1:21 Valeria Bednarik

1:21	[Comment From India ArvindIndia Arvind: ]  when 1.4800 reach EURUSD then u want me sell Friday November 6, 2009 1:21 India Arvind

1:21	Valeria Bednarik:  Well, not in a first spike not doubts. I will gave market 15 minutes to settle and define Friday November 6, 2009 1:21 Valeria Bednarik

1:21	[Comment From KBroseKBrose: ]  Do you trade the AUD at all Valeria? Friday November 6, 2009 1:21 KBrose

1:21	Valeria Bednarik:  Sometimes yes! just... people here want to know about euro ;) Friday November 6, 2009 1:21 Valeria Bednarik

1:22	[Comment From yasir kidwaiyasir kidwai: ]  hi valeria how are you this beautiful day Friday November 6, 2009 1:22 yasir kidwai

1:22	Valeria Bednarik:  Hi! not so beautiful here, about to rain... but great tks!!! Friday November 6, 2009 1:22 Valeria Bednarik

1:22	[Comment From EL PipinEL Pipin: ]  Will the Data affect every single currency cross? Friday November 6, 2009 1:22 EL Pipin

1:22	Valeria Bednarik:  yes, as it will affect DOLLAR Friday November 6, 2009 1:22 Valeria Bednarik

1:22	[Comment From yasir kidwaiyasir kidwai: ]  hi valeria what u think about usd/jpy Friday November 6, 2009 1:22 yasir kidwai

1:23	Valeria Bednarik:  I see it very range bound. should rise above 91.30, and fall heavily under 90.20 Friday November 6, 2009 1:23 Valeria Bednarik

1:23	[Comment From BobBob: ]  Is this Wayne McDonell live cover of NON farm? Friday November 6, 2009 1:23 Bob

1:23	Valeria Bednarik:  No! sorry.. Wayne is somewhere else Friday November 6, 2009 1:23 Valeria Bednarik

1:23	[Comment From JOSHJOSH: ]  gbp usd will it go against expectations as it did after BOE meeting Friday November 6, 2009 1:23 JOSH

1:23	Valeria Bednarik:  I believe it will go alogong with the rest... watch for the 1.6500/20 support area there, or above 1.6640 yesterday's high Friday November 6, 2009 1:23 Valeria Bednarik

1:23	[Comment From MilosMilos: ]  I put a sell order on eur/usd at 1.4900 and now i'm waiting for the us data Friday November 6, 2009 1:23 Milos

1:24	Valeria Bednarik:  Seems a bit too risky for me, but good luck! Friday November 6, 2009 1:24 Valeria Bednarik

1:24	[Comment From India ArvindIndia Arvind: ]  ok thankx let me know when i buy or sell EURUSD Friday November 6, 2009 1:24 India Arvind

1:24	[Comment From EL PipinEL Pipin: ]  Whats your take on AUDCAD? Friday November 6, 2009 1:24 EL Pipin

1:24	FXstreet.com:  you can find his webinar at http://www.fxstreet.com/live/ Friday November 6, 2009 1:24 FXstreet.com

1:25	Valeria Bednarik:  We are close to strong highs there. If surpased, expect a continuation thus seems we need some strong downside correction from a technical perspective, Yet! no signs of such yet. Friday November 6, 2009 1:25 Valeria Bednarik

1:25	[Comment From skeenoskeeno: ]  Hi V, what are your thoughts on the GBP/USD, thx Friday November 6, 2009 1:25 skeeno

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1:26	[Comment From JeffJeff: ]  How about the cable, Valeria Friday November 6, 2009 1:26 Jeff

1:26	Valeria Bednarik:  Will likely move along with the rest as said above, main support is 1.6500/20 area. while above 1.6640 pair likely to gain strong upside momentum it all will depend on data and stocks Friday November 6, 2009 1:26 Valeria Bednarik

1:26	[Comment From machariamacharia: ]  alot of result are expected within the same hour for usd...now whch one else to consider apart from non.farm pay roll? Friday November 6, 2009 1:26 macharia

1:26	Valeria Bednarik:  unemployment rate, and previous month revisions. Those are the numbers to wtach Friday November 6, 2009 1:26 Valeria Bednarik

1:26	[Comment From GuestGuest: ]  Good Morning, where do you see aud/usd? Friday November 6, 2009 1:26 Guest

1:26	Valeria Bednarik:  close to the highs is above 0.9200 Friday November 6, 2009 1:26 Valeria Bednarik

1:26	[Comment From orkhohnorkhohn: ]  hi everybody Friday November 6, 2009 1:26 orkhohn

1:26	[Comment From DavidDavid: ]  what do you think about gold, Valeria? Friday November 6, 2009 1:26 David

1:27

Valeria Bednarik:  Rally is quite overreacted, due to especulation, yet it seems we are going to continue up. I don't see any signs of correction there... should close a day at least under 1070 to see so. And gold strength means dollar weaknes remember that Friday November 6, 2009 1:27 Valeria Bednarik

1:28	[Comment From zachzach: ]  hi Val, what is your view on GBPUSD after NFP? Friday November 6, 2009 1:28 zach

1:28	Valeria Bednarik:  I will tell you after.. I can't see the future... not yet.. I'm worlking on it Friday November 6, 2009 1:28 Valeria Bednarik

1:28	[Comment From JesusTJesusT: ]  i'm going short with the GBP/us Friday November 6, 2009 1:28 JesusT

1:28	Valeria Bednarik:  Good luck then Friday November 6, 2009 1:28 Valeria Bednarik

1:28	[Comment From AnatoliAnatoli: ]  Hello, Valeria, where do you stand on the question -- Did the U.S. labor market hit the bottom? Friday November 6, 2009 1:28 Anatoli

1:28	FXstreet.com:  Unemployment rate Consensus expectations at 9.9% vs 9.8% (previous) Friday November 6, 2009 1:28 FXstreet.com

1:29	Valeria Bednarik:  I'm not quite sure about that, as unemployment rate keeps growing. let's see today's rate. Friday November 6, 2009 1:29 Valeria Bednarik

1:29	[Comment From royroy: ]  do you think we can long eurusd today Friday November 6, 2009 1:29 roy

1:29	Valeria Bednarik:  We can if data support it yes, Friday November 6, 2009 1:29 Valeria Bednarik

1:29	[Comment From EL PipinEL Pipin: ]  But people need Oil more than Gold... Friday November 6, 2009 1:29 EL Pipin

1:30	Valeria Bednarik:  unemployment rate 10.2% !!!! Friday November 6, 2009 1:30 Valeria Bednarik

1:30	Valeria Bednarik:  stocks falling big, dollar and yen rising Friday November 6, 2009 1:30 Valeria Bednarik

1:30	[Comment From mikemike: ]  this is dollar bullish !!!!!! Friday November 6, 2009 1:30 mike

1:30	FXstreet.com:  Nonfarm Payrolls -190 K (result) vs -175 K (forecast) Friday November 6, 2009 1:30 FXstreet.com

1:30	Valeria Bednarik:  yes Mike Friday November 6, 2009 1:30 Valeria Bednarik

1:31	[Comment From Kandasaamy.V.S.Kandasaamy.V.S.: ]  I put sell order eur/jpy at 136.00 is this correct Friday November 6, 2009 1:31 Kandasaamy.V.S.

1:31	Valeria Bednarik:  useless now I believe Friday November 6, 2009 1:31 Valeria Bednarik

1:31	Valeria Bednarik:  Ok, as expected, bad data is supporting dollar rises... yet nothing is defined yet. Give market a couple of 15minutes candles.. and then take your decisions Friday November 6, 2009 1:31 Valeria Bednarik

1:32	[Comment From blofeldblofeld: ]  hi. i need eur/usd down. In which case on payrolls data? Friday November 6, 2009 1:32 blofeld

1:32	Valeria Bednarik:  This case.. a bad reading. Yen is rising stronger than dollar. Friday November 6, 2009 1:32 Valeria Bednarik

1:32	[Comment From JOSHJOSH: ]  whether being a weekend will make the moves deeper Friday November 6, 2009 1:32 JOSH

1:32	Valeria Bednarik:  Yes exactly.. .profit taking and such, will jit the markets Friday November 6, 2009 1:32 Valeria Bednarik

1:32	FXstreet.com:  U.S. nonfarm payrolls: - 190k (result) vs -175k (forecast) U.S. unemployment rate: 10.2% (result) vs 9.9% (forecast) Friday November 6, 2009 1:32 FXstreet.com

1:33	Valeria Bednarik:  Ok after a first spike, majors are retreating. Gold is about to print a fresh high, attemting to reacg 1100 Friday November 6, 2009 1:33 Valeria Bednarik

1:34	[Comment From machariamacharia: ]  if the un emloyment rate hit 10 mark..is this positive or negative for the dollar?/ Friday November 6, 2009 1:34 macharia

1:34	Valeria Bednarik:  more than negative news, meaning stocks falling, meaning generally dollar rising. Friday November 6, 2009 1:34 Valeria Bednarik

1:34	[Comment From DusanDusan: ]  Do you think, that weak dollar will drive oil to 100$ till the end of year? Friday November 6, 2009 1:34 Dusan

1:34	Valeria Bednarik:  No. oil wont move above 85 this year Friday November 6, 2009 1:34 Valeria Bednarik

1:34	[Comment From doc jodoc jo: ]  hi ! where do see Gold Friday November 6, 2009 1:34 doc jo

1:34	Valeria Bednarik:  1100/30 Friday November 6, 2009 1:34 Valeria Bednarik

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1:35	[Comment From KBroseKBrose: ]  I mainly trade the aud/usd & aud/jpy crosses, both are testing the weeks high, the NFP data could see it go sharply in either direction? Friday November 6, 2009 1:35 KBrose

1:35	FXstreet.com:  U.S. nonfarm payrolls: - 190k (result) vs -175k (forecast) U.S. unemployment rate: 10.2%(result) vs 9.9% (forecast) Friday November 6, 2009 1:35 FXstreet.com

1:35	Valeria Bednarik:  yeap.. as it's affecting all marjet. There we go with dollar rising as stocks keep falling in US Friday November 6, 2009 1:35 Valeria Bednarik

1:35	Valeria Bednarik:  oil is also falling big Friday November 6, 2009 1:35 Valeria Bednarik

1:36	[Comment From EL PipinEL Pipin: ]  WOW HOLY MOLE Friday November 6, 2009 1:36 EL Pipin

1:36	[Comment From EL PipinEL Pipin: ]  I closed my GBPJPY short just before the fall =( Friday November 6, 2009 1:36 EL Pipin

1:36	Valeria Bednarik:  Sorry to hear that... Friday November 6, 2009 1:36 Valeria Bednarik

1:36	[Comment From ASADASAD: ]  Should Euro bre bearish Friday November 6, 2009 1:36 ASAD

1:36	[Comment From machariamacharia: ]  from the result..we expect the dollar to rise Friday November 6, 2009 1:36 macharia

1:36	Valeria Bednarik:  yeap. dollar should rise. Take a look at aud and cad, they tend to advance the movements Friday November 6, 2009 1:36 Valeria Bednarik

1:36	[Comment From EmmanuelEmmanuel: ]  so should we long or short Friday November 6, 2009 1:36 Emmanuel

1:37	Valeria Bednarik:  Again with that??? my God! what do you think?? Friday November 6, 2009 1:37 Valeria Bednarik

1:37	[Comment From joanjoan: ]  do you think the eur/usd pair will go long to brake 1.4900 level after the effect of the NFA payrolls Friday November 6, 2009 1:37 joan

1:37	Valeria Bednarik:  Seems quite unlikely at this point, yes as long as we remain above 1.4800 level, there is still a small chance Friday November 6, 2009 1:37 Valeria Bednarik

1:37	[Comment From EL PipinEL Pipin: ]  I can see a gap already for next week.. Friday November 6, 2009 1:37 EL Pipin

1:37	Valeria Bednarik:  probably yes, Friday November 6, 2009 1:37 Valeria Bednarik

1:38	[Comment From mikemike: ]  I think 1.64 area for G/U and 1.4680 area for E/U Friday November 6, 2009 1:38 mike

1:38	Valeria Bednarik:  Gbp has quite a support zone around 1.6500/20, under that seems likely, and EUR needst to break 1.4800 still.. and we are quite far form that Friday November 6, 2009 1:38 Valeria Bednarik

1:38	[Comment From kappikappi: ]  -190k is worst than forcast but better than previous month shouldn't it be positive for the stock mkt and usd Friday November 6, 2009 1:38 kappi

1:39	Valeria Bednarik:  yes, but the unemployment rate at 10.2% is not only above expectatiosn, but also above the 10% for this year market has already priced in.. that's the negative factor triggering this rally Friday November 6, 2009 1:39 Valeria Bednarik

1:39	[Comment From machariamacharia: ]  where do u see the gbp/usd after this/?? Friday November 6, 2009 1:39 macharia

1:40	Valeria Bednarik:  Close to 1.6440 yet... look at majors... too quiet, unable to break supports, only Japanese yen is appreciating... dollar seems more reluctant to extend for now, as gold is at 1097 Friday November 6, 2009 1:40 Valeria Bednarik

1:40	[Comment From petrickpetrick: ]  Hi, may i ask if this is the turning point for dollar?? meaning trend reversal against majors?? Friday November 6, 2009 1:40 petrick

1:40	FXstreet.com:  New Chapter of the Learning Center: "Developing a Trading System" - Available at: http://www.fxstreet.com/education/learning-center/unit-3/chapter-1/definition-of-a-trading-system/ Friday November 6, 2009 1:40 FXstreet.com

1:41	Valeria Bednarik:  against euro 1.4440, agaisnt gbp under 1.5700 against CHF above 1.0550 Friday November 6, 2009 1:41 Valeria Bednarik

1:41	Valeria Bednarik:  Aud under 0.88 cad above 1.11 Friday November 6, 2009 1:41 Valeria Bednarik

1:41	[Comment From azimazim: ]  how can this result afect the risk apptite Friday November 6, 2009 1:41 azim

1:42	Valeria Bednarik:  bad data means we don't have optimism on the economic recovery.. so we need to run to safety, and safety is U.S. treasuries, conisdered one of the most safe investement across the world to buy treasuries, you need dollars. Friday November 6, 2009 1:42 Valeria Bednarik

1:42	[Comment From mikemike: ]  obama's primting press must hurry!!!!!!! Friday November 6, 2009 1:42 mike

1:42	Valeria Bednarik:  HAHAHA Friday November 6, 2009 1:42 Valeria Bednarik

1:42	[Comment From EL PipinEL Pipin: ]  Ok, AUDCAD (GOLD/OIL) is looking highly overbought Friday November 6, 2009 1:42 EL Pipin

1:43	Valeria Bednarik:  That's why i told you it should correct. yet do you see any sign of such correction? Friday November 6, 2009 1:43 Valeria Bednarik

1:43	[Comment From EmmanuelEmmanuel: ]  I still don't get it ... long or short ? Friday November 6, 2009 1:43 Emmanuel

1:44	Valeria Bednarik:  Emmanuel, give market 15 more minutes ok? euro is bact at 1.4850, after rebounding a bit above the 1.4810 support area. In here for me is a no trade Friday November 6, 2009 1:44 Valeria Bednarik

1:44	[Comment From GuestGuest: ]  do you think back to 1.4770 possible? considering the result? Friday November 6, 2009 1:44 Guest

1:44	Valeria Bednarik:  is posible yes, considering the result, but dollar is having a hard time to extend the rally Friday November 6, 2009 1:44 Valeria Bednarik

1:44	[Comment From yasir kidwaiyasir kidwai: ]  valeria wii u pls tell me about aud/usd Friday November 6, 2009 1:44 yasir kidwai

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1:45	Valeria Bednarik:  yeap, watch either for a breal unde 0.9100 or pair regaining the 0.9170 level. Pair still has a bullish perpsepctive. Aslong as gold keeps rising, aud should be well bid Friday November 6, 2009 1:45 Valeria Bednarik

1:45	[Comment From machariamacharia: ]  are you woried valeria???don worry some of us are that new n wi need a repeat of ansers to understand Friday November 6, 2009 1:45 macharia

1:46	Valeria Bednarik:  I'm not worried and i love to answer all. But don't ask me to trade for you. I can't take your decisions just that... you can ask as many times as you need of course. Friday November 6, 2009 1:46 Valeria Bednarik

1:47	[Comment From viovio: ]  buy above 1.4870.......sell 1.4810.......wait!!!! Friday November 6, 2009 1:47 vio

1:47	Valeria Bednarik:  Exactly! Friday November 6, 2009 1:47 Valeria Bednarik

1:47	[Comment From EL PipinEL Pipin: ]  Valerie, whats your view of GBPCHF? Friday November 6, 2009 1:47 EL Pipin

1:47	Valeria Bednarik:  Not clear really, consolidating... has not view on that pair at this point really sorry Friday November 6, 2009 1:47 Valeria Bednarik

1:48	Valeria Bednarik:  US Stocks are falling big... dollar should gain ground now and break previous lows against eur and gbp to extend the rally. Friday November 6, 2009 1:48 Valeria Bednarik

1:48	[Comment From joyothjoyoth: ]  gold is moving up? why? Friday November 6, 2009 1:48 joyoth

1:49	Valeria Bednarik:  well seems to be a good sure investment these days.. yet is losing some ground currently at 1093 Friday November 6, 2009 1:49 Valeria Bednarik

1:49	[Comment From ASADASAD: ]  i am thinking to buy Eur @ 1.4805 withSl @ 1.4755 And Tp @1.4905 plz guide Friday November 6, 2009 1:49 ASAD

1:49	Valeria Bednarik:  I'm not sure if buying is agood idea with stocks falling big Friday November 6, 2009 1:49 Valeria Bednarik

1:49	[Comment From arbenarben: ]  its good to sell eur Friday November 6, 2009 1:49 arben

1:49	[Comment From GuestGuest: ]  its good to sell euro now Friday November 6, 2009 1:49 Guest

1:49	[Comment From GuestGuest: ]  what comes of eur/usd now Friday November 6, 2009 1:49 Guest

1:50	Valeria Bednarik:  Under 1.4810, likely to extend the fall yes. Watch commodiites... are loosing ground pretty fast also Friday November 6, 2009 1:50 Valeria Bednarik

1:50	[Comment From GiovanniGiovanni: ]  the USD is going down anyway, relax Friday November 6, 2009 1:50 Giovanni

1:50	[Comment From India ArvindIndia Arvind: ]  will EURUSD hit 1.4800 or 1.4900 please only tell me one ..which prize will hit ?? Today Friday November 6, 2009 1:50 India Arvind

1:50	Valeria Bednarik:  1.4800 has a lot of more chances... je Friday November 6, 2009 1:50 Valeria Bednarik

1:50	[Comment From kappikappi: ]  despite the worst nbr seems no follow thru in euro selling spot around 1.4850 would this mean euro up ? Friday November 6, 2009 1:50 kappi

1:51	Valeria Bednarik:  nop just give market a second, and see how gold and oil fall that should support furhter dollar rises today. Friday November 6, 2009 1:51 Valeria Bednarik

1:51	[Comment From viovio: ]  long above 1.4870 Friday November 6, 2009 1:51 vio

1:51	[Comment From EdEd: ]  EURUSD can continue up within days ? Friday November 6, 2009 1:51 Ed

1:52	[Ad] Trade with tighter Euro spreads  View Friday November 6, 2009 1:52

1:52	Valeria Bednarik:  Anything can happen. Remember I said a trend reversal comes only under 1.4440 Friday November 6, 2009 1:52 Valeria Bednarik

1:52	[Comment From GuestGuest: ]  what about is gbp/usd Friday November 6, 2009 1:52 Guest

1:53	Valeria Bednarik:  needs to break 1.6500/20 area to extend to the downsde Friday November 6, 2009 1:53 Valeria Bednarik

1:53	[Comment From Dr. RobDr. Rob: ]  Hi Val. Nice pleasure being with you again. Friday November 6, 2009 1:53 Dr. Rob

1:53	Valeria Bednarik:  Hi Dr Rob welcome back! Friday November 6, 2009 1:53 Valeria Bednarik

1:53	[Comment From sahersaher: ]  thanks for your kind help Valeria, Friday November 6, 2009 1:53 saher

1:53	[Comment From travistravis: ]  do you rhink gbp/jpy will reach 147...today Friday November 6, 2009 1:53 travis

1:53	Valeria Bednarik:  Seem a bit too much travis Friday November 6, 2009 1:53 Valeria Bednarik

1:53	[Comment From machariamacharia: ]  tyhanx valeria...i like ua response Friday November 6, 2009 1:53 macharia

1:53	Valeria Bednarik:  Yor welcome! Friday November 6, 2009 1:53 Valeria Bednarik

1:54	[Comment From travistravis: ]  it is done 120pip so far has it got another 200 more Friday November 6, 2009 1:54 travis

1:54	Valeria Bednarik:  exactly seems to much even for that pair Friday November 6, 2009 1:54 Valeria Bednarik

1:54	[Comment From markmark: ]  what price can i sell eur usd? Friday November 6, 2009 1:54 mark

1:54	Valeria Bednarik:  I believe that downside will likely be trigger under 1.4800/10 area Friday November 6, 2009 1:54 Valeria Bednarik

1:54	[Comment From mikemike: ]  if selling the euro ,why not GBP also????right Friday November 6, 2009 1:54 mike

1:55	Valeria Bednarik:  both the same direction today yes. Friday November 6, 2009 1:55 Valeria Bednarik

1:55	[Comment From EL PipinEL Pipin: ]  So, the move in AudCad was corrective? Friday November 6, 2009 1:55 EL Pipin

1:55	Valeria Bednarik:  I srtill dont see any correction there! Friday November 6, 2009 1:55 Valeria Bednarik

1:55	[Comment From babubabu: ]  buy euro @ 1.4788 Friday November 6, 2009 1:55 babu

1:55	[Comment From Dr. RobDr. Rob: ]  I don't believe this is a USD trend reversal. The markets were prepared to aborb 10% but this is well above that and in line with Canada as usual. Monday wll prove very interesting after absorbing a week full of data Friday November 6, 2009 1:55 Dr. Rob

1:55	Valeria Bednarik:  yes! exactly, tks for the comment Friday November 6, 2009 1:55 Valeria Bednarik

1:56	[Comment From wimwim: ]  Not much selling power in the EUR/USD Friday November 6, 2009 1:56 wim

1:56	Valeria Bednarik:  Not exactly, that's why i don't like selling or buying in the midle of anywhere. I need to see STRENGTH in amovmeenmt to take a trade Friday November 6, 2009 1:56 Valeria Bednarik

1:56	[Comment From EL PipinEL Pipin: ]  Either way, theres a tripple top formed in AudCad, with possibility of breakout Friday November 6, 2009 1:56 EL Pipin

1:57	Valeria Bednarik:  yes... it is in the daily Friday November 6, 2009 1:57 Valeria Bednarik

1:57	[Comment From ajnakajnak: ]  am yet to get the direction of eur/usd? Friday November 6, 2009 1:57 ajnak

1:57	Valeria Bednarik:  as recent said, is in the middle of nowhere... Friday November 6, 2009 1:57 Valeria Bednarik

1:58	Valeria Bednarik:  must break supp or res with strength and volume to continue Friday November 6, 2009 1:58 Valeria Bednarik

1:58	[Comment From DavidDavid: ]  gold is falling Friday November 6, 2009 1:58 David

1:58	Valeria Bednarik:  Gold fell to 1087 and now back at 1090. Stocks halt the fall, that's why we don't see a dollar continuation Friday November 6, 2009 1:58 Valeria Bednarik

1:58	[Comment From machariamacharia: ]  but the stocks is falling fast i think eur/usd wil break 1.4800 mark Friday November 6, 2009 1:58 macharia

1:59	Valeria Bednarik:  As I said yesterday, what we think is irrelevant... What I think is irrelevant.We need to see and still i don't see the break Friday November 6, 2009 1:59 Valeria Bednarik

1:59	[Comment From mikemike: ]  I think the real selling pressure will come for EU and GBP after the stock maket opens @ 9:30am Friday November 6, 2009 1:59 mike

1:59	Valeria Bednarik:  yeap.. in 30 minutes or so Friday November 6, 2009 1:59 Valeria Bednarik

1:59	[Comment From snobtradersnobtrader: ]  valeria, have u played in Wall Street Warriors? Friday November 6, 2009 1:59 snobtrader

1:59	Valeria Bednarik:  That's a game?? no my God! haha Friday November 6, 2009 1:59 Valeria Bednarik

2:00	[Comment From azimazim: ]  hi Friday November 6, 2009 2:00 azim

2:00	[Comment From GuestGuest: ]  now we buy euro or pound against usd or we sell it Friday November 6, 2009 2:00 Guest

2:00	[Comment From josejose: ]  about eurusd, how about stop loss if i sell at 1.4800? guide please Friday November 6, 2009 2:00 jose

2:00	Valeria Bednarik:  Should stay under 1.4830/50 area to keep falling.. If we regain that level, downside chances reduce a lot for me Friday November 6, 2009 2:00 Valeria Bednarik

2:01	[Comment From GuestGuest: ]  Commodities are down but the correlation is weak, dont you thing, when eur/usd was at 1.506, gold was only 1055 xau Friday November 6, 2009 2:01 Guest

2:01	Valeria Bednarik:  yes I do remember that... and despite gold kept rising, euro was unable to extend above 1.50.... that makes me thing of a probable bottom for dollar... yet I have no clear technical confirmation of that Friday November 6, 2009 2:01 Valeria Bednarik

2:02	[Comment From InphiInphi: ]  it's like the gold hasn't taken a bias yet Friday November 6, 2009 2:02 Inphi

2:02	[Ad] FXCM Micro  View Friday November 6, 2009 2:02

2:02	Valeria Bednarik:  Gold is bullish... that' s the bias... as long as above 1070/75 will likely keep rising Friday November 6, 2009 2:02 Valeria Bednarik

2:02	Valeria Bednarik:  Gold CORRECTION under 1070 ....reversal?? under 980 Friday November 6, 2009 2:02 Valeria Bednarik

2:03	[Comment From DavidDavid: ]  is gold bellow 1084 means reversal? Friday November 6, 2009 2:03 David

2:03	[Comment From daviddavid: ]  hourly close beneath 62 ma, is this significant for you Friday November 6, 2009 2:03 david

2:03	Valeria Bednarik:  In what pair? Friday November 6, 2009 2:03 Valeria Bednarik

2:03	[Comment From mikemike: ]  lets wait til wall street opens and see!!!! Friday November 6, 2009 2:03 mike

2:03	[Comment From travistravis: ]  ajnak sell Friday November 6, 2009 2:03 travis

2:03	[Comment From InphiInphi: ]  gold is still range bound, not really taken a bias yet Friday November 6, 2009 2:03 Inphi

2:04	[Comment From machariamacharia: ]  i took short of gbp/usd at 1.6596 ad target is 1.6500....should i wait or i take the profit first??? Friday November 6, 2009 2:04 macharia

2:05	Valeria Bednarik:  Macharia, always protect your profits. and dont' get too gready... you can move your stop loss and secure a positive trade... Friday November 6, 2009 2:05 Valeria Bednarik

2:05	[Comment From travistravis: ]  50pip retrace in gbp/jpy back to 149.25 nice place to sell again Friday November 6, 2009 2:05 travis

2:05	[Comment From cmcdonoughcmcdonough: ]  what broker is the best to use Friday November 6, 2009 2:05 cmcdonough

2:05	Valeria Bednarik:  Go for the big ones, in regulated countries. Friday November 6, 2009 2:05 Valeria Bednarik

2:06	Valeria Bednarik:  And travis, i'm still not conviced of further GBP falls.. Friday November 6, 2009 2:06 Valeria Bednarik

2:06	[Comment From DavidDavid: ]  is gold bellow 1084 is considered reversal, Va? Friday November 6, 2009 2:06 David

2:06	Valeria Bednarik:  No no... corrective, just corrective. Reversal only under 980 and we are far far away Friday November 6, 2009 2:06 Valeria Bednarik

2:06	[Comment From ajnakajnak: ]  macharia u mean after breaking 1.4800 it will then go up?ohh ihave astop loss at that point. Friday November 6, 2009 2:06 ajnak

2:06	[Comment From mikemike: ]  how far do you think USD/CAD could reach today????thanks Friday November 6, 2009 2:06 mike

2:07	Valeria Bednarik:  Pair has quite a strong resistance level around 1.0770... if we move above there, next resistance in lime comes around 1.0830 Friday November 6, 2009 2:07 Valeria Bednarik

2:07	[Comment From GuestGuest: ]  Valeria I think euro/usd we will be under that level today considering even the stock index is negative on the pre market trading Friday November 6, 2009 2:07 Guest

2:08	Valeria Bednarik:  Ok, I believe the pair should be at 1.35 as Euro zone economic conditions are awful. Again what i believe is for me useless in trading. I need to see.. other way is closer to betting that trading. Bu of course,, that's just me! Friday November 6, 2009 2:08 Valeria Bednarik

2:08

[Comment From Dr. RobDr. Rob: ]  relevant majors took the hit but are not able to break supports, after a number of minutes reaction is subdued and in line with stocks. Oil and gold have more to go with the news from the middle east and no major points from the G20 to take things more seriously Friday November 6, 2009 2:08 Dr. Rob

2:09	Valeria Bednarik:  Exactly, Dr Rob. Friday November 6, 2009 2:09 Valeria Bednarik

2:09	[Comment From machariamacharia: ]  what afect dollar most...gold or oil??? Friday November 6, 2009 2:09 macharia

2:09	Valeria Bednarik:  These days gold no doubts Friday November 6, 2009 2:09 Valeria Bednarik

2:09	[Comment From oberober: ]  im short in eur usd almost forgott about the news untill it diped Friday November 6, 2009 2:09 ober

2:09	Valeria Bednarik:  lucky you.... Friday November 6, 2009 2:09 Valeria Bednarik

2:09	[Comment From InphiInphi: ]  looks like corrections in majors is due to stop orders being hit Friday November 6, 2009 2:09 Inphi

2:10	Valeria Bednarik:  Also gold is back at 1091.. unable to fall, while stocks remain quiet, waiting for the opening i believe, 20 minutes to go. Friday November 6, 2009 2:10 Valeria Bednarik

2:10	[Comment From GuestGuest: ]  Hi Val, do you think the GBPUSD can break 1.6520 support ? Friday November 6, 2009 2:10 Guest

2:11	Valeria Bednarik:  If US stocks break lower is posible yes. Friday November 6, 2009 2:11 Valeria Bednarik

2:11	[Comment From ajnakajnak: ]  thanks travis Friday November 6, 2009 2:11 ajnak

2:11	[Comment From blofeldblofeld: ]  eurusd i was short at 4821...what can i do? Friday November 6, 2009 2:11 blofeld

2:11	Valeria Bednarik:  do you have a stop losss? Friday November 6, 2009 2:11 Valeria Bednarik

2:11	[Comment From DavidDavid: ]  some ETF have sold gold yesterday, si gold cannot move above 1100, wha do you think? Friday November 6, 2009 2:11 David

2:12	FXstreet.com:  New Chapter of the Learning Center: "Developing a Trading System" - Available at: http://www.fxstreet.com/education/learning-center/unit-3/chapter-1/definition-of-a-trading-system/ Friday November 6, 2009 2:12 FXstreet.com

2:12	Valeria Bednarik:  is too close and too strong still, 1093 again... spikes to the downside are shorlived and limited... I think there is a chance of reaching that zone still Friday November 6, 2009 2:12 Valeria Bednarik

2:12	[Comment From JavierJavier: ]  Hi, valeria how do you see the move of EUR USD? Friday November 6, 2009 2:12 Javier

2:13	Valeria Bednarik:  back up! almost at pre report level. Seems no dollar strength despite data Friday November 6, 2009 2:13 Valeria Bednarik

2:14	[Comment From travistravis: ]  the pound really should/could of sold last night/mornign too Friday November 6, 2009 2:14 travis

2:14	[Comment From dorindorin: ]  gbp/usd now? Friday November 6, 2009 2:14 dorin

2:15	Valeria Bednarik:  moving to test 1.6600 again Friday November 6, 2009 2:15 Valeria Bednarik

2:15	[Comment From JimJim: ]  what is the level for GBP/JPY ? Friday November 6, 2009 2:15 Jim

2:15	Valeria Bednarik:  Support strong at 148.60. Resistance at 151.60 Friday November 6, 2009 2:15 Valeria Bednarik

2:15	[Comment From daviddavid: ]  sorry, 62 ma on eur/usd and gbp usd, actually, pound was below, eur/usd above!! Friday November 6, 2009 2:15 david

2:16	Valeria Bednarik:  yep they come back. Friday November 6, 2009 2:16 Valeria Bednarik

2:16	[Comment From yasir kidwaiyasir kidwai: ]  valeria now its almost 40 min gone after the data now what u think about euro Friday November 6, 2009 2:16 yasir kidwai

2:16	[Ad] The EURO is EASY to trade  View Friday November 6, 2009 2:16

2:16	Valeria Bednarik:  That dollar remains too weak to regain the upside, even despitefalling stocks Friday November 6, 2009 2:16 Valeria Bednarik

2:16	[Comment From machariamacharia: ]  no i don say so ajnak ifact that is my prayer for the market to go lower...unfortunate market has nothing to do with prayers...its a fact n following the trend Friday November 6, 2009 2:16 macharia

2:17	[Comment From travistravis: ]  10.2% , 0,4% increase thats pretty big right Friday November 6, 2009 2:17 travis

2:17	Valeria Bednarik:  It is.. yes Friday November 6, 2009 2:17 Valeria Bednarik

2:17	[Comment From kenekene: ]  Since GU was over bought , now should give bears a chance to play the field Friday November 6, 2009 2:17 kene

2:18	Valeria Bednarik:  yes, but stilll we have no clear breaks market is back at pre report levels. except for yen that keeps running higher. Friday November 6, 2009 2:18 Valeria Bednarik

2:18	[Comment From adiadi: ]  so wat u guys thinkin abt Friday November 6, 2009 2:18 adi

2:18	[Comment From adiadi: ]  lets make a trade together Friday November 6, 2009 2:18 adi

2:18	[Comment From zachzach: ]  hi Ober..lucky bastard!!:) lucky u bro! Friday November 6, 2009 2:18 zach

2:18	[Comment From INDIA ArvindINDIA Arvind: ]  EURUSD going UP 1.48600 so will hit 1.49000 ? please let me know cearly plz Friday November 6, 2009 2:18 INDIA Arvind

2:20

[Comment From GuestGuest: ]  If you are new to trading. Don't ask Valeria where to get in or out. Ask her why she thinks a level should hold. In fact, if you are not sure what to do, FXStreet has many great video's to give you an idea. Then due some sim trading to help you develop a good plan, because most importantly, screen time is the best teacher. Don't risk your hard earned money making uninformed guesses. Friday November 6, 2009 2:20 Guest

2:20	Valeria Bednarik:  Tks for answering for me Friday November 6, 2009 2:20 Valeria Bednarik

2:20	[Comment From ngugingugi: ]  wha most affect yen Friday November 6, 2009 2:20 ngugi

2:21	Valeria Bednarik:  Because Japanese yen is attached to S&P behaviour... with falling stocks, pair tends to fall Friday November 6, 2009 2:21 Valeria Bednarik

2:21	[Comment From yasir kidwaiyasir kidwai: ]  i am short at 4825 with no stoploss Friday November 6, 2009 2:21 yasir kidwai

2:22	Valeria Bednarik:  That's never a good idea... a trade has to have stop and limit. always. don't risk your money in 1 trade Friday November 6, 2009 2:22 Valeria Bednarik

2:22	[Comment From juliossjulioss: ]  What do you think about the Eur/usd? it is further falls? Friday November 6, 2009 2:22 julioss

2:23	Valeria Bednarik:  I think it will depend on stocks behaviour.. if stocks fall at the opening and keep falling, seems chances increase Friday November 6, 2009 2:23 Valeria Bednarik

2:23

[Comment From Dr. RobDr. Rob: ]  Val, while fundementals like these have their role in driving markets, how do you think they affect technicals when itcomes to trend lines? If we were to take these sporradic and iratic spikes due to hese events won't the technicals be much more pleasure to read? Friday November 6, 2009 2:23 Dr. Rob

2:24	Valeria Bednarik:  I do believe that rates and payrolls, are the most noisy reports we have in forex market... and they tend to distort a bit technicals. That's why i rther wait till things set over... and ignore this first spikes. Friday November 6, 2009 2:24 Valeria Bednarik

2:25	[Comment From machariamacharia: ]  what are ua expectation on dollar after wallstreet is open??? Friday November 6, 2009 2:25 macharia

2:25	FXstreet.com:  Sorry We have just a few minutes left. If you have any questions , Please do not hesitate to ask Valerica. Friday November 6, 2009 2:25 FXstreet.com

2:25	Valeria Bednarik:  If wall street falls, dollar should gain.. and the opposite Friday November 6, 2009 2:25 Valeria Bednarik

2:25	[Comment From guzdaguzda: ]  What do you think about EUR/USD in long term? Friday November 6, 2009 2:25 guzda

2:27

Valeria Bednarik:  Well, for me as told above we may have seen a bottom at the 1.506 area agaisnt euro, but is still not confirmed. maybe under 1.4600 we get our first confirmation of a trend reversal, yet if we end the week above 1.4900, I do believe that upside likely to extend this year. Friday November 6, 2009 2:27 Valeria Bednarik

2:27	[Comment From DavidDavid: ]  the 1100 is a strong level, a channel level for a this year, gold rarely breaks that level. In 30 years, only two or three times gold reak channel level Friday November 6, 2009 2:27 David

2:27	Valeria Bednarik:  yes.. that's why it should correct... still we are barely 5 dollars away from that zone and with no signs of giving up Friday November 6, 2009 2:27 Valeria Bednarik

2:28	FXstreet.com:  Sorry we are short of time today, I have to wrap up the session. Friday November 6, 2009 2:28 FXstreet.com

2:28	FXstreet.com:  Thank you Valeria for the great market view!... and every one who has joined the session today.I have had a great time with you. Friday November 6, 2009 2:28 FXstreet.com

2:29	FXstreet.com:  Valerica,, Please give us a final word. Friday November 6, 2009 2:29 FXstreet.com

2:29	Valeria Bednarik:  Tks you all for being here! Sorry we are over, I know there are a lot of unanswered questions. Stocks are about to open, so be carefull with that. Friday November 6, 2009 2:29 Valeria Bednarik

2:30	FXstreet.com:  Alright evey one,, Thank you for coming today!. I hope to see you all in the next live coverage. Have a nice weekend!. bye for now. Friday November 6, 2009 2:30 FXstreet.com

2:30	Valeria Bednarik:  Data was really bad, and should trigger some risk aversion across the markets, let's see how majors end the week to confirm further dollars destiny! Good luck to all Friday November 6, 2009 2:30 Valeria Bednarik

2:30	Valeria Bednarik:  Tks! Friday November 6, 2009 2:30 Valeria Bednarik

2:30	[Comment From KBroseKBrose: ]  yes many thanks! Friday November 6, 2009 2:30 KBrose

2:30	FXstreet.com:  Today’s sponsor is FXCM. Friday November 6, 2009 2:30 FXstreet.com

2:30	FXstreet.com:  Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations. Friday November 6, 2009 2:30 FXstreet.com

2:31

FXstreet.com:  Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts. Friday November 6, 2009 2:31 FXstreet.com

2:31	[Comment From Dr. RobDr. Rob: ]  Thank you FXstreet for this live coverage, and Val it is always so nice to have you on guiding with a smile ... thank you so much Friday November 6, 2009 2:31 Dr. Rob

2:31

 

 

Disclaimer: Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.