30 July 2010
Daily Forex Analysis
USDJPY formed a cycle top at 88.11 level on 4-hour chart. Now the fall from 88.11 is treated as resumption of downtrend from 92.88 (Jun 4 high)... |
30 July 2010
| Askobid
Sterling Ignores Weaker Than Expected Consumer Confidence
Sterling is largely ignoring a weaker than expected consumer confidence report from the GfK group. Just moments ago the organization reported that the UK’s headline consumer confidence index declined by 3 points... |
30 July 2010
| ACM
RBNZ Sounds Dovish But Risk Taking Remains
Markets are trading in a lethargic manner as participants continue to nervously take on risk-correlated trades... |
29 July 2010
| iFOREX
Technical Analysis EUR/USD 1.3064
On Thursday the Euro/Dollar resumed the ascending movement. The European currency appreciated from 1.2981 to 1.3101 yesterday, not exactly matching the neutral Interbank sentiment projection, at nearly +3%, closing the day at 1.3083.. |
29 July 2010
| Askobid
PBOC Promises to Pursue “Moderately Loose” Monetary Policy
The People’s Bank of China plans to pursue a “moderately loose” monetary policy, according to Deputy Governor Ma Delun on Thursday... |
29 July 2010
| ACM
AUD CPI Prints Lower then Expected
Risk correlated trades had a strong showing yesterday as banking stocks rallied and concerns over the inadequacies of the Stress Test dissipated... |
29 July 2010
Daily Forex Analysis
USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise towards the upper boundary of the falling price channel on 4-hour chart is still possible, and next cycle top is nearing... |
29 July 2010
| iFOREX
Technical Analysis EUR/USD 1.2997
On Wednesday the Euro/Dollar continued with the tentative and within a range movements. The European currency depreciated from 1.3038 to 1.2971 yesterday, not exactly matching the neutral Interbank sentiment projection... |
28 July 2010
Daily Forex Analysis
USDCHF’s bounce from 1.0394 extended to as high as 1.0639 level. Further rally is still possible later today and target is to test 1.0675 key resistance... |
28 July 2010
| iFOREX
Technical Analysis - EUR/USD 1.2988
On Tuesday the Euro/Dollar traded hesitantly and within a range. The European currency depreciated from 1.3043 to 1.2954 yesterday, almost matching the neutral Interbank sentiment projection, at around +5%, closing the day at 1.2992... |
28 July 2010
| ACM
Stress Test Starts a Temporary Move to Risky Assets
Just as the stress test advocates were getting ready to declare Friday’s results a success due to a selloff in USD and rally in equity markets, we then ran right into a summer whipsaw... |
27 July 2010
| ACM
After the Stress Test
The substance and meaning of Friday’s Stress test results are still be hotly debated. Financial pundits are putting enormous emphasis on the European open as the barometer of the market’s sudden confidence in the results... |
27 July 2010
| HY Markets
Market Commentary
EUR/USD closed higher on Monday as it consolidates above the 10-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Tuesday.... |
27 July 2010
| FBS
IMF: yuan’s considerably undervalued
According to two unnamed officials, the International Monetary Fund regards Chinese currency as considerably undervalued... |
27 July 2010
| FBS
Nomura: USD/JPY forecast’s reduced
Analysts at Nomura Securities Co. reduced their forecast for the pair USD/JPY... |
27 July 2010
Daily Forex Analysis
USDCHF trades in a range between 1.0394 and 1.0675. Another rise towards 1.0675 resistance is expected later today... |
27 July 2010
| iFOREX
Technical Analysis EUR/USD 1.2993
On Monday the Euro/Dollar continued rising with over 100 pips. The European currency appreciated from 1.2874 to 1.3004 yesterday, not exactly matching the neutral Interbank sentiment projection, at around +2%, closing the day at 1.2995... |
27 July 2010
| FXOpen
S. Korean Consumer Confidence Remains Stable In July
South Korean consumer sentiment remained unchanged at a five-month high in July, a survey conducted by the Bank of Korea showed Tuesday... |
26 July 2010
Daily Forex Analysis
USDJPY’s bounce from 86.26 extends to as high as 87.71. Further rally to 88.00-88.50 area to reach the next cycle top on 4-hour chart is still possible... |
26 July 2010
| iFOREX
Technical Analysis EUR/USD 1.2920
On Friday Euro/Dollar traded up and down, as the whole last week, but in narrower range. The European currency depreciated from 1.2962 to 1.2812 on Friday... |
