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Saturday,
20 October 2007,
16:05 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro came off vis-a-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4245 level and was capped around the $ 1.4320 level. Today’s intraday high represents a new lifetime high for the common currency. Traders drove the pair higher on expectations that today’s G7 communique will not make explicit reference to the euro’s relative strength. Countries like France and Italy are known to be critical of the euro’s recent strength while Germany and the U.S. appear more sanguine.
• EUR
• JPY
• GBP
• CHF
• AUD, NZD
• CAD
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Friday,
19 October 2007,
01:00 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Daily Recap and a day ahead
Daily Recap
EUR/USD new lifetime high; chartists eye $1.4350 target
Weber remains hawkish; Fed Beige Book saw slower growth
USD/JPY: Key 115.25 level tested; 50% of Sep-Oct range; JPY crosses unwind
Chinese Sept CPI blistering at 6.2% y/y; Q3 GDP near 11.5%
GBP/USD at 2.5-month high despite mortgage slowdown; Sept retail sales +ve
CHF strongly bid on risk aversion; Oct ZEW improves
AUD/USD tests key resistance at 0.8965; Kiwi tests key resistance at 0.
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Thursday,
18 October 2007,
09:50 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Daily Recap and a day ahead
Previous Day’s Trading Range
High Low High Low
EUR/ USD 1.4229 1.4206
GBP/JPY 238.80 235.89
USD/ JPY 117.17 116.16
CHF/JPY 99.23 98.34
GBP/ USD 2.0418 2.0285
EUR/GBP 0.
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Wednesday,
17 October 2007,
23:19 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro reversed some recent losses vis-a-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4230 level and was supported around the $1.4155 level. Technically, today’s intraday high was just above the 76.4% retracement of the move from $1.4280 to $1.4015. Many data were released in the U.S. today. First, September housing starts plunged 10.2% to an annualized 1.191 million units after falling a revised 3.2% in August. Second, September building permits were off 7.
• EUR
• JPY
• GBP
• CHF
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Wednesday,
17 October 2007,
04:08 GMT
Research
>
Forex - Technical research
FX Research Desk
Daily Recap and a day ahead
High Low High Low
EUR/ USD 1.4225 1.4143
GBP/JPY 240.01 236.62
USD/ JPY 117.45 116.44
CHF/JPY 99.53 98.37
GBP/ USD 2.0437 2.0294
EUR/GBP 0.6976 0.6950
USD/ CHF 1.1844 1.
• Previous Day’s Trading Range
• Daily Recap
• Day Ahead
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1.3408 / 11
0.6431 / 35
