Extends Archive

  • Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

    Mid-Day Report: Dollar Extends Recovery While Yen Rebounds

    Posted on July 13, 2010 | No Comments
    Dollar’s recovery extends further in early US session trading above 84 level. As we’ve pointed before, the greenback has just got some support from an important medium term trend line. Current development indicates that dollar is gathering some momentum for a sizeable rebound at least...

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  • Mid-Day Report: Euro Extends Rally as NFP Risk Cleared

    Mid-Day Report: Euro Extends Rally as NFP Risk Cleared

    Posted on July 2, 2010 | No Comments
    Euro extends rally against dollar in early US session as non-farm payroll risk is cleared. Job report in US showed -125k contraction in June, worse than but not far from expectation of -110k. Unemployment rate unexpectedly dropped from 9.7% to 9.5% comparing to expectation of...

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  • EUR/GBP Extends Fall to Hit Fresh 19-Month Low

    EUR/GBP Extends Fall to Hit Fresh 19-Month Low

    Posted on June 28, 2010 | No Comments
    Price action on EUR/GBP, a daily chart of which is shown, has just further extended its fall within the prevailing downtrend, breaking down below strong support, as last week’s EUR/GBP analysis indicated might be the case. In breaking down below key 0.8200 support on Monday...

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  • Mid-Day Report: Euro Extends Recovery as Funding Tensions Eased

    Mid-Day Report: Euro Extends Recovery as Funding Tensions Eased

    Posted on May 28, 2010 | No Comments
    Markets remains generally steady in early US session. Data showed consumer spending in US was unexpectedly flat in April versus expectation of 0.3% growth. Personal income also rose less than expected by 0.4%. Major currencies are mildly lower against dollar and yen after the release....

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  • Mid-Day Report: Yen and Dollar Extends Rally, Financial System Stress Heightens

    Mid-Day Report: Yen and Dollar Extends Rally, Financial System Stress Heightens

    Posted on May 25, 2010 | No Comments
    The Japanese yen, and to a lesser extent dollar, jump sharply higher today as global stock markets are weighed down by fear of contagion effect from Spain’s banking problems. Major European indices are down over -3% in the middle of the day before recovering mildly,...

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  • Mid-Day Report: Dollar Extends Rally on Weak Stocks

    Mid-Day Report: Dollar Extends Rally on Weak Stocks

    Posted on May 15, 2010 | No Comments
    Dollar and yen are generally higher today as European stocks weaken on concern that austerity measures in Europe might slow the continent’s economic recovery. US stocks also open lower. Crude oil also drops sharply to as low as 72.72 while gold makes another record high...

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