Risk Archive

  • Mid-Day Report: Risk Aversion Back as Greece CDS Makes Record High, Yen Surges

    Mid-Day Report: Risk Aversion Back as Greece CDS Makes Record High, Yen Surges

    Risk aversion comes back to dominate the markets today as Greece’s five-year sovereign credit default swaps jumped to new record high above 970 basis point today. Japanese yen is sharply higher with EUR/JPY breaks 110 level while USD/JPY also breaches 90 level. Dollar is mildly...

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  • USDCAD – Risk Turning To The 1.0332 Level

    USDCAD – Risk Turning To The 1.0332 Level

    With the pair putting in a bottom at 1.0137 and preparing to head further higher after turning off higher ahead of its Jun 13′10 low at 1.0108 on Monday, threats are now seen towards the 1.0332 level, its Jun 03′10 high. USDACD has been declining...

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  • Mid-Day Report: Risk Appetite Still Strong But Dollar Pares Loss

    Mid-Day Report: Risk Appetite Still Strong But Dollar Pares Loss

    Risk appetite remains strong as lifted by China’s announcement of letting Yuan gains. US stocks open higher with DOW up over 100 pts in initial trading, following broad based rally in European and Asian equities. Crude oil remains firm in early US session and trading...

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  • GBPUSD: Risk Builds Towards The 1.5000/52 Level

    GBPUSD: Risk Builds Towards The 1.5000/52 Level

    With a firm break and hold above the 1.4768 level, its Jun 02′10 high seen, GBP now looks to extend its corrective recovery started from the 1.4226 level towards the 1.5000/52 level, its psycho level/May 10′10 high. This level could provide a respite and turn...

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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 Technical Update: A Test of Risk Appetite

    Weekly Technical Update: A Test of Risk Appetite

    After the market put on some risk last week, it spent this week fiddling. USD and JPY crosses as well as commodity related and growth related currencies were all tested this week. The Euro led this week in gains against the greenback. The Japanese yen...

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  • Risk Rally Losing Momentum, Reversal Soon?

    Risk Rally Losing Momentum, Reversal Soon?

    The risk appetite moves in the financial markets this week are losing momentum today. DOW edged higher to 10429 in US open in spite of poor housing data but closed slightly up by 4.69 pts only. Crude oil jumped to as high as 78.13 but...

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  • Daily Report: Dollar and Yen Soft on Risk Appetite, UK Job Data Watched

    Daily Report: Dollar and Yen Soft on Risk Appetite, UK Job Data Watched

    Dollar and yen are generally soft against other major currencies as risk appetite dominates markets today. Japanese Nikkei rose 1.81% to close above 10000 at 10067 following 2.1% rally in DOW overnight. Crude oil extended recent rebound and is trading above 77 level for the...

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  • EURUSD – Risk Builds Towards The 1.2353 Level

    EURUSD – Risk Builds Towards The 1.2353 Level

    EURUSD The pair saw a breather the past week halting its strong medium term declines and triggering a recovery higher to close the week at 1.2110. This price action has opened up further upside risk towards the 1.2353 level, its Jun 01′10 high with a...

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