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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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Latest Headlines
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Trade Idea Update: USD/CHF – Sell at 1.0465
Posted on August 18, 2010 | No CommentsDollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300,... -
Daily Report: Sterling Lower ahead of BoE Minutes, Yen Steady
Posted on August 18, 2010 | No CommentsSterling was the only major currency that failed to participate in this week’s risk rally so far. And indeed, the pound has weakened quite noticeably against dollar, euro and swissy. Euro’s rebound on bond auctions was one of the major factors. But sterling’s weakness could... -
FX Forecast Update: Global Mid-cycle Slowdown to Support USD, JPY and CHF
Posted on August 18, 2010 | No CommentsWe look for EUR/USD to adjust lower in the short term as the dollar is too negatively priced. Europe is not such a rosy story as implied by current pricing. On the longer horizon, we see more dollar-negative factors and forecast EUR/USD to trade higher... -
Financial Markets Monthly – August 2010: Global Economy Set to Grow at More Sustainable Pace
Posted on August 14, 2010 | No CommentsThe global economy grew at a rapid rate in early 2010 with the International Monetary Fund (IMF) calculating that GDP output increased at a faster than 5% annualized pace in the first quarter of the year. Trade volumes and global industrial production surged, and the... -
Trade Idea Update: USD/CHF – Buy at 1.0470
Posted on August 12, 2010 | No CommentsAs the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom),... -
USD Certain To Bounce Back Ahead Of Weakened JPY
Posted on August 12, 2010 | No CommentsThe yen pared gains on speculation Japanese officials will act to halt an advance in the currency that is imperiling the nation’s export-led economic recovery. Japan’s currency retreated from a five-week high against the euro after Finance Ministry and Bank of Japan officials met to... -
International Financial Outlook August 2010
Posted on August 10, 2010 | No CommentsSigns of weaker economic growth in the US has led to a fall in the dollar and a rise in its counterparts. Notable amongst the latter has been the seeming turnaround in the fortunes of the euro. It has moved from being under 1.20 versus... -
Trade Idea: AUD/USD – Sell at 0.9250
Posted on August 6, 2010 | No CommentsAs the Australian dollar has maintained a firm undertone, suggesting recent rise from 0.8066 low is still in progress and gain to 0.9185/90 (100% projection of 0.8315 to 0.8871 measuring from 0.8633 and 1.618 times projection of 0.8908-0.9044 measuring from 0.8965) and then 0.9220 is... -
Daily Report: Dollar in Range ahead of Non-Farm Payroll
Posted on August 6, 2010 | No CommentsDollar is staying in tight range as traders await July’s Non-Farm Payroll report today. The headline number is expected to show -75k contraction in the job market while private jobs are expected to grow by 80k. Nevertheless, the range of expectation is wide from 20k...