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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Dollar Archive
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Mid-Day Report: Swiss Franc Lower on Weak CPI, Dollar Soft on Risk Appetite
Posted on July 7, 2010 | No CommentsSwiss Franc is mildly lower today after consumer inflation report. CPI in June dropped -0.4% mom, rose 0.5% yoy versus consensus of -0.1% mom, 1.0% yoy. Recent strength in Swiss Franc was driven by SNB’s message of disappearing deflation risk, which led to exit of... -
Dollar Sold off as UN Called for More Stable Reserve System
Posted on July 2, 2010 | No CommentsDollar is sold off sharply today as UN called to ditch it as global reserve currency. In addition, funds are flowing back from dollar and gold to Euro as fear on Eurozone funding pressure eased. EUR/USD jumped sharply and broke 1.2466 resistance to resume the... -
Weekly Review and Outlook: Yen Broadly Higher as Equities Reversed, Dollar Lagged Behind
Posted on June 27, 2010 | No CommentsPrice actions in financial markets were rather mixed last week. The Japanese yen was the biggest winner on risk aversion as global equities posted sharp decline. DOW, FTSE and Nikkei all had single reversal weekly bar. DOW closed the week -2.9% lower. FTSE was down... -
U.S. Dollar Improving As Sterling Takes A Setback
Posted on June 26, 2010 | No CommentsU.K. banks remain ‘vulnerable’ to further writedowns on their assets because of a potential decline in investor appetite for risk, the Bank of England said. Derivatives and other financial instruments accounted for 40 percent of U.K. banks’ total assets at the end of 2009, the... -
Mid-Day Report: Markets in Consolidation, Canadian Dollar Weak
Posted on June 25, 2010 | No CommentsMarkets are generally staying in tight range in early US session. US GDP growth for Q1 was revised lower from 3.0% to 2.7% annualized but triggered little reaction to markets. Yuan was the major topic today as it rose to record high just ahead of... -
Mid-Day Report: Sterling Surges as Sentence Voted for Hike, Canadian Dollar Lower on Retail …
Posted on June 23, 2010 | No CommentsSterling rises sharply today as BoE minutes showed that policy Sentence voted for a 25bps hike in last meeting. The minutes revealed that the Committee voted 7-1 to keep the bank rate unchanged at 0.5%. This was the first time in almost 2 years that... -
Daily Report: Dollar Recovers as Impact from China Fades, Focus Turns to UK Budget
Posted on June 22, 2010 | No CommentsThe impact from China’s unpeg was brief as reversed yesterday’s loss against European majors even though it’s still down against Aussie and Kiwi. Asian stocks are generally lower today following yesterday’s reversal in US equities while gold is all sharply lower from record high of... -
Mid-Day Report: Risk Appetite Still Strong But Dollar Pares Loss
Posted on June 21, 2010 | No CommentsRisk appetite remains strong as lifted by China’s announcement of letting Yuan gains. US stocks open higher with DOW up over 100 pts in initial trading, following broad based rally in European and Asian equities. Crude oil remains firm in early US session and trading... -
Daily Report: Dollar Sharply Lower as China Allow Yuan Appreciates
Posted on June 21, 2010 | No CommentsRisk appetite is given a strong boost in Asia today on China’s intention to let Yuan appreciate freely. The People’s Bank of China published a statement called ‘Further Reform the RMB Exchange Rate Regime and Enhance the RMB Exchange Rate Flexibility’ on Saturday and stated...