Outlook Archive

  • EUR/USD: Bearish Outlook Confirming

    EUR/USD: Bearish Outlook Confirming

    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...

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  • Weekly Review and Outlook: Swiss Soared as Intervention Ended, Sustainability of Risk Rally in …

    Weekly Review and Outlook: Swiss Soared as Intervention Ended, Sustainability of Risk Rally in …

    Swiss Franc was the undisputed winner last week after SNB signaled end to intervention. Euro was lifted by solid bond auctions in Spain and strengthened against dollar and yen. Commodity currencies were even stronger as supported by risk appetite on rally in global stocks. Dollar...

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  • Weekly Review and Outlook: Dollar Pulled Back as Risk Sentiments Improved, More Consolidations Ahead

    Weekly Review and Outlook: Dollar Pulled Back as Risk Sentiments Improved, More Consolidations Ahead

    Risk sentiment was given a boost last week by strong data from Asia. China exports jumped the most in six years by 48.5% yoy in April. Japan Q1 GDP was revised up to 5.0% annualized. Australia unemployment rate dropped to 5.4% in May. MSCI World...

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  • Monthly Economic Outlook – June 2010

    Monthly Economic Outlook – June 2010

    Our forecast continues to incorporate a significant slowdown during the second half of the year. After likely expanding at a 3.4 percent pace during the current quarter, real GDP is expected to slow to a mere 2 percent pace during the second half of 2010....

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  • Weekly Review and Outlook: Dollar Index Targeting 2009 High on Euro Weakness and Risk Aversion

    Weekly Review and Outlook: Dollar Index Targeting 2009 High on Euro Weakness and Risk Aversion

    Euro dived through 1.2 level against dollar last week on a couple of factors. Comments from Hungarian officials sparked concern that debt crisis in Europe is spreading over Europe. ECB warned of loan losses in its financial stability report. The ultra-safe overnight deposits with ECB...

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  • BOC Hiked Rate to 0.5%, Remained Cautious to Global Economic Outlook

    BOC Hiked Rate to 0.5%, Remained Cautious to Global Economic Outlook

    As expected, the Bank of Canada raised the overnight rate by +25 bps to 0.5%, being the first G7 central banks to tighten monetary policy after recession. While policymakers acknowledged robust domestic economic growth in recent months, they remained cautious about global market developments, especially...

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  • Weekly Review and Outlook: Risk Sentiments Improved But How Long Could it Last? BoC, RBA in …

    Weekly Review and Outlook: Risk Sentiments Improved But How Long Could it Last? BoC, RBA in …

    Risk sentiments staged a strong recovery over the week after China denied rumors of reviewing European debt holdings and the State Administration of Foreign Exchange reaffirmed eurozone as "one of the most important investment markets". DOW extended the rebound from intraday low of 9774 and...

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  • International Financial Outlook March 2010

    International Financial Outlook March 2010

    As widely predicted, financial markets have been volatile as the end of the period of extraordinary monetary and fiscal loosening draws nearer. Economic growth is picking up and becoming more entrenched in most countries. As a result of this, some central banks, like Australia and...

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  • EUR/GBP Mid-Day Outlook

    EUR/GBP Mid-Day Outlook

    EUR/GBP drops further to as low as 0.8421 so far and the break of 0.8427 support confirms that whole decline form 0.9137 has resumed. Intraday bias remains on the downside and further fall should be seen to 0.8399 key support level next. Break will target...

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