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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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Daily Archive
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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... -
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... -
Daily Forex Update: GBP/CHF
Posted on July 13, 2010 | No CommentsThe short-term intraday time frames for the GBP/CHF have started to transition to more sideways market cycles. This comes after a month-long sell-off on the daily time frame, which carried prices down to a double-bottom with lows at 1.5790 and, during Monday’s session, 1.5833. These... -
Daily Report: Dollar Building Strength to Extend Rebound
Posted on July 13, 2010 | No CommentsDollar is gathering some strength in early European session and is set to extend this week’s recovery against major currencies. Yen is also following after China stocks slumped -1.5% on comments from China Banking Regulatory Commission that banks should "strictly implement" curbs on loans to... -
Daily Report: Dollar Pressing Trend Line Support, Reversal or Penetration?
Posted on July 9, 2010 | No CommentsRisk rally is still the major driving force in the forex markets with dollar and yen generally under pressure. European stocks open mildly higher following broad based rally in Asian equities while crude oil is also firm above 75 level. On the other hand, dollar... -
Daily Report: IMF Raised Global Forecast, ECB and BoE in Focus
Posted on July 8, 2010 | No CommentsJapanese yen is sharply lower today as Asian equities soar following 2.82% rally in DOW overnight. IMF raised forecast of global growth from April’s projection of 4.2% to 4.6%. Though, growth for 2011 was unchanged at 4.3%. The IMF report stated that "The new forecasts... -
Daily Report: Dollar and Yen Mildly Higher as Asian Stocks Retreat
Posted on July 7, 2010 | No CommentsDollar and yen are mildly higher as Asian equities pare this week’s gain. Nikkei’s recovery lost momentum, following late selling in US stocks and drops slightly by -0.63% today. Crude oil failed to take out 74 level overnight and is hovering around 72 level now.... -
The Daily Wave Analysis
Posted on July 6, 2010 | No CommentsThe situation practically has not changed. Wave formation [iii] of A presumably comes to the end. For its end the price needed to generate a wave [5] of v of (v). If the assumption is true, it is possible to count on one more throw... -
Daily Report: Markets in Tight Range with US on Holiday
Posted on July 6, 2010 | No CommentsMarkets are quietly staying in tight range today. Asian stocks were mixed with little reaction to Friday’s job data from US. Crude oil is staying in tight range above 72 level which gold is hovering around 1210. Dollar index also consolidates between 84 and 85....