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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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Update Archive
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Trade Idea Update: GBP/USD – Sell at 1.5470
Posted on August 24, 2010 | No CommentsAs cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another... -
Trade Idea Update: USD/CHF – Sell at 1.0465
Posted on August 18, 2010 | No CommentsDollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300,... -
FX Forecast Update: Global Mid-cycle Slowdown to Support USD, JPY and CHF
Posted on August 18, 2010 | No CommentsWe look for EUR/USD to adjust lower in the short term as the dollar is too negatively priced. Europe is not such a rosy story as implied by current pricing. On the longer horizon, we see more dollar-negative factors and forecast EUR/USD to trade higher... -
Trade Idea Update: USD/CHF – Buy at 1.0470
Posted on August 12, 2010 | No CommentsAs the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom),... -
Trade Idea Update: USD/CHF – Hold long entered at 1.0627
Posted on July 13, 2010 | No CommentsFailure to extend intra-day rebound and current retreat suggest caution on our long position and minor support at 1.0582 must hold to retain bullishness for another rise to 1.0676, break there would signal the rise from 1.0481 low has resumed for a stronger retracement of... -
Daily Forex Update: GBP/CHF
Posted on July 13, 2010 | No CommentsThe short-term intraday time frames for the GBP/CHF have started to transition to more sideways market cycles. This comes after a month-long sell-off on the daily time frame, which carried prices down to a double-bottom with lows at 1.5790 and, during Monday’s session, 1.5833. These... -
Weekly Forex Update: USD/CHF
Posted on July 13, 2010 | No CommentsThe U.S. Dollar/Swiss Franc (USD/CHF) has been steadily trending lower, with the Swiss Franc gaining on a weakening U.S. dollar. After the July 8 low at 1.0480, prices rose steadily to current levels above the 1.0600 level. This is the first significant sign of Swiss... -
Trade Idea Update: USD/CHF – Buy at 1.0615
Posted on July 12, 2010 | No CommentsThe greenback rallied after breaking resistance at 1.0594 and easily penetrated resistance at 1.0637, adding credence to our bullish view that low has been formed at 1.0481 last week and correction of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous... -
Trade Idea Update: USD/JPY – Buy at 87.70
Posted on July 10, 2010 | No CommentsDollar’s near term sideways trading below resistance at 88.77 is expected to continue and although retracement to 88.00 support cannot be ruled out, reckon renewed buying interest would emerge around 87.65/70 (approx. 61.8% Fibonacci retracement of 87.02 to 88.71) and bring another rally. View full post...