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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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Recovery Archive
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U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
Posted on August 29, 2010 | No CommentsHIGHLIGHTS The US recession and recovery cycle is closely following the average experience of countries that experienced a synchronized financial crisis in the past Although the sample size among like-experiences is small, the recent behaviour of the economy argues against a double-dip and/or deflation. It... -
Mid-Day Report: Dollar Extends Recovery While Yen Rebounds
Posted on July 13, 2010 | No CommentsDollar’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... -
EURGBP: Hammer-Triggered Recovery Set To Extend
Posted on July 11, 2010 | No CommentsWith the cross’s hammer formation the previous week pushing it strongly higher the past week, we now see the risk of a continuation of that bull run towards its May 06/27′10 highs at 0.8421/26 as a we enter a new week. However, EURGBP’S immediate challenge... -
USDJPY: Strength Builds On Hammer Triggered Recovery
Posted on July 9, 2010 | No CommentsA follow-through rally on the back of its Wednesday hammer triggered recovery saw USDJPY breaking above its May 06′10 low at 88.23 on Thursday. This development has opened the door for further recovery higher towards the back of its violated rising trendline at 89.40. A... -
GBPUSD: Sets Up For Further Recovery
Posted on July 4, 2010 | No CommentsGBPUSD: Having held firmly above the 1.5052 level, its May 10′10 high and traded to a high of 1.5227 the past week, it now looks to head further higher towards its falling trendline located at the 1.5345 level. Another resistance level before this one is... -
EURUSD: Recovery Intact Towards The 1.2353/1.2451 Levels
Posted on June 17, 2010 | No CommentsEURUSD: As a rally on Tuesday saw EUR building on its corrective recovery momentum, further upside risks are now shaping up towards its Jun 01’10 high at 1.2353. A decisive cut through there will clear the way for a further run at the 1.2451 level,... -
EURGBP – Completed AB=CD Pattern To Trigger Recovery
Posted on June 14, 2010 | No CommentsAlthough the cross continues to maintain its broader medium term downtrend, a push to the downside was rejected pushing EURGBP back up to close higher at 0.8321 the past week. This development occurred ahead of its .50% Fib Ret (0.6535-0.9410 rally). Another supportive evidence for... -
GBPUSD: Hesitating But Retains Recovery Bias
Posted on June 13, 2010 | No CommentsAlthough the pair’s price action saw it wiping out its Thursday gains, it still closed higher at 1.4548 on Friday. This has sustained its recovery initiated from the 1.4226 level, its 2010 low and now leaves upside risk towards the 1.4768 level, its Jun 02′10... -
Mid-Day Report: Dollar Trying to Recovery after Poor Retail Sales, Sterling Hit Hard by …
Posted on June 11, 2010 | No CommentsDollar and yen are attempting a recovery in early US session after much worse than expected retail sales data from US. Headline sales dropped -1.2% in May while ex-auto sales dropped -1.1%. Among major currencies, Sterling was hardest hit, dragged down by worse than expected...