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Monthly Economic Outlook – August 2010

admin — Thu, 26 Aug 2010 03:02:59 +0000

Our outlook has no double-dip, no V-shaped recovery, no hyper-inflation in response to the Fed’s enlarged balance sheet, and no deflation in response to the Fed’s failure to increase the balance sheet even more. Instead, our outlook is for moderate, subpar growth during the second half of this year, low View full post on Long Term Forecasts

International Financial Outlook August 2010

admin — Tue, 10 Aug 2010 05:03:59 +0000

Signs 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 the US in the View full post on Long Term Forecasts

International Financial Outlook July 2010

admin — Tue, 13 Jul 2010 05:51:32 +0000

Overarching themes driving global financial markets have not changed significantly in the last month but some of the intensity has faded. Renewed euro buying relative to the dollar does not mean that concerns about the risk of sovereign debt default in Europe has gone away or that worries about the View full post on Long Term Forecasts

Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?

admin — Sat, 10 Jul 2010 22:41:27 +0000

Dollar and yen were broadly lower last week as stocks rebounded strongly on hope for solid earning reports. S&P 500 posted the biggest weekly gain in a year and rose 5.4% over the week. DOW also jumped 5.2% to close above 10,000 again at 10198. Dollar index dropped to as View full post on Action Insight (All Reports)

GBPUSD – Outlook Higher But Consolidating

admin — Fri, 09 Jul 2010 11:24:36 +0000

Having continued to maintain its consolidation price activities, we expect GBP to eventually end that correction and prompt further upside momentum aiming at its falling trendline presently located at the 1.5314 level. This level is likely to hold as resistance on initial test and turn the pair back down. However, View full post on Technical Analysis

Monthly Economic Outlook – July 2010

admin — Fri, 09 Jul 2010 02:11:28 +0000

The wave of disappointing economic reports this past month combined with the inability of the Administration to push additional stimulus through an election-wary Congress has reawakened fears about a double-dip. We continue to believe such fears are overblown. We remain concerned that so much stimulus is ending in such a View full post on Long Term Forecasts

Weekly Review and Outlook: Swiss Franc and Japanese Yen Shone as Stocks Tumbled. …

admin — Sun, 04 Jul 2010 01:59:51 +0000

Swiss Franc and Japanese yen were the major winner last week and another round of risk aversion moves. We had DOW, FTSE and Nikkei, as well as some other major stock indices made new 2010 low. Commodity currencies were hardest hit with respective yen and swiss crosses weakened 5-6%. European View full post on Action Insight (All Reports)

Weekly Review and Outlook: Yen Broadly Higher as Equities Reversed, Dollar Lagged Behind

admin — Sun, 27 Jun 2010 06:43:49 +0000

Price 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 -3.87% while Nikkei was down View full post on Action Insight (All Reports)

International Financial Outlook June 2010

admin — Tue, 22 Jun 2010 21:42:47 +0000

Financial markets continued to gyrate wildly in the past month. That said, the package of support measures from European governments has helped to calm fears of imminent default in the so-called peripheral countries in the euro zone, like Greece, Ireland, Portugal and Spain. Nevertheless, a brief look at credit spreads, View full post on Long Term Forecasts

EUR/USD: Bearish Outlook Confirming

admin — Tue, 22 Jun 2010 13:37:24 +0000

Following up with the latest EUR/USD post. The topping action yesterday has now developed into a reversal. The support at 1.2350 was broken, and the topping action was complete. The strength of the bearish attempt is now being tested with some support. The market is testing the 1H 200 period View full post on Technical Analysis