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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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Weekly Archive
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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... -
Weekly Review and Outlook: Defining Week for Dollar ahead, Would Trend Line Support Hold?
Posted on July 10, 2010 | No CommentsDollar and yen were broadly lower last week as stocks rebounded strongly on hope for solid earning reports. S&P 500 posted the biggest weekly gain in a year and rose 5.4% over the week. DOW also jumped 5.2% to close above 10,000 again at 10198.... -
Weekly Technical Update: Greenback Tries to Fight Back
Posted on July 10, 2010 | No CommentsThe USD was pressured to start the week, and continued further. However, it started to fight back against the JPY, and by Friday, it fought back across the board. The EUR/USD for example was projected to 1.2750 to start the week, and topped at 1.2720.... -
Weekly Review and Outlook: Swiss Franc and Japanese Yen Shone as Stocks Tumbled. …
Posted on July 4, 2010 | No CommentsSwiss Franc and Japanese yen were the major winner last week and another round of risk aversion moves. We had DOW, FTSE and Nikkei, as well as some other major stock indices made new 2010 low. Commodity currencies were hardest hit with respective yen and... -
Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough
Posted on July 3, 2010 | No CommentsThere continues to be risk aversion, but the greenback is not benefiting. The greenback started the week gaining, but lost its appeal towards the end of the week. The EUR/USD reflects this volatility. The euro had some surprising strength and with broad USD weakness, the... -
Weekly Review and Outlook: Yen Broadly Higher as Equities Reversed, Dollar Lagged Behind
Posted on June 27, 2010 | No CommentsPrice actions in financial markets were rather mixed last week. The Japanese yen was the biggest winner on risk aversion as global equities posted sharp decline. DOW, FTSE and Nikkei all had single reversal weekly bar. DOW closed the week -2.9% lower. FTSE was down... -
Weekly Technical Update: Yen Outperforms Greenback
Posted on June 26, 2010 | No CommentsThis week, the greenback started with a bang. However after the FOMC announcement, which puts a lid on interest hike prospects, dimmed the USD gains. By Friday, the USD has lost most of the gains from earlier in the week. The yen held its gains... -
Weekly Review and Outlook: Swiss Soared as Intervention Ended, Sustainability of Risk Rally in …
Posted on June 20, 2010 | No CommentsSwiss 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... -
Weekly Technical Update: A Test of Risk Appetite
Posted on June 18, 2010 | No CommentsAfter 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...