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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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Report Archive
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Daily Report: Sterling Lower ahead of BoE Minutes, Yen Steady
Posted on August 18, 2010 | No CommentsSterling was the only major currency that failed to participate in this week’s risk rally so far. And indeed, the pound has weakened quite noticeably against dollar, euro and swissy. Euro’s rebound on bond auctions was one of the major factors. But sterling’s weakness could... -
Daily Report: Dollar in Range ahead of Non-Farm Payroll
Posted on August 6, 2010 | No CommentsDollar is staying in tight range as traders await July’s Non-Farm Payroll report today. The headline number is expected to show -75k contraction in the job market while private jobs are expected to grow by 80k. Nevertheless, the range of expectation is wide from 20k... -
Daily Report: Dollar Building Strength to Extend Rebound
Posted on July 13, 2010 | No CommentsDollar is gathering some strength in early European session and is set to extend this week’s recovery against major currencies. Yen is also following after China stocks slumped -1.5% on comments from China Banking Regulatory Commission that banks should "strictly implement" curbs on loans to... -
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... -
Mid-Day Report: Canadian Dollar Soars on Stellar Job Report
Posted on July 9, 2010 | No CommentsCanadian dollar soars in early US session after release of much stronger than expected employment data. The job market in Canada added 93.2k jobs in June, more than four times expectation of 20k. Unemployment rate dropped from 8.1% to 7.9%, lowest level since January 2009.... -
Daily Report: Dollar Pressing Trend Line Support, Reversal or Penetration?
Posted on July 9, 2010 | No CommentsRisk rally is still the major driving force in the forex markets with dollar and yen generally under pressure. European stocks open mildly higher following broad based rally in Asian equities while crude oil is also firm above 75 level. On the other hand, dollar... -
Daily Report: IMF Raised Global Forecast, ECB and BoE in Focus
Posted on July 8, 2010 | No CommentsJapanese yen is sharply lower today as Asian equities soar following 2.82% rally in DOW overnight. IMF raised forecast of global growth from April’s projection of 4.2% to 4.6%. Though, growth for 2011 was unchanged at 4.3%. The IMF report stated that "The new forecasts... -
Daily Report: Dollar and Yen Mildly Higher as Asian Stocks Retreat
Posted on July 7, 2010 | No CommentsDollar and yen are mildly higher as Asian equities pare this week’s gain. Nikkei’s recovery lost momentum, following late selling in US stocks and drops slightly by -0.63% today. Crude oil failed to take out 74 level overnight and is hovering around 72 level now.... -
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...