|
Tuesday,
08 July 2008,
03:00 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5610 level and was capped around the $1.5705 level. Technically, today’s intraday low was just above the 50% retracement of the move from $1.5300 to $1.5910. San Francisco Federal Reserve President Yellen reported U.S. monetary policy is “nearing a crossroads” and added “The risks to inflation are likely not symmetric and they have definitely increased. We cannot and will not allow a wage-price spiral to develop.
• EUR
• JPY
• GBP
• CHF
Read more >
Sunday,
06 July 2008,
23:14 GMT
Research
>
Forex - Technical research
FX Research Desk
Weekly market recap, week ahed
The euro depreciated vis-à-vis the U.S. dollar last week as the single currency tested bids around the $1.5655 level and was capped around the $1.5465 level. The pair lost about 85 pips last week. Treasury Secretary Paulson verbally intervened to support the U.S. dollar. Atlanta Fed President Lockhart sees Q2 GDP growth “substantially” above Q1’s 1.0% pace. Bush verbally intervened to support the dollar.
Germany’s DIW lifted its 2008 GDP forecast to 2.7%. ECB lifted its refinancing rate by 25bps to 4.
• EUR/USD
• USD/JPY
• GBP/USD
• USD/CHF
• USD/CAD
• AUD/USD
Read more >
Thursday,
03 July 2008,
00:50 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5885 level and was supported around the $1.5775 level. The common currency reached its highest level since 24 April as traders positioned themselves ahead of tomorrow’s interest rate decision and press conference from the European Central Bank. Most traders expect the ECB will lift its main refinancing rate target by 25bps to 4.25% and the real question involves what exactly ECB President Trichet will say after the decision is announced.
• EUR
• JPY
• GBP
• CHF
Read more >
Sunday,
29 June 2008,
23:48 GMT
Research
>
Forex - Technical research
FX Research Desk
Weekly market recap, week ahed
The euro appreciated vis-à-vis the U.S. dollar last week as the single currency tested offers around the $1.5785 level and was supported around the $1.5465 level. The pair gained about 180 pips last week. The FOMC kept rates unchanged at 2.00% with Dallas Fed’s Fisher voting for a hike and many traders don’t see a Fed hike before December at the earliest.
The ECB is expected to lift the repo rate by 25bps to 4.25% this week. ECB’s Stark said it’s essential “we seriously examine” interest rates.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
Read more >
Thursday,
26 June 2008,
01:14 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5535 level and was capped around the $1.5615 level. Most traders expect the Federal Open Market Committee will keep the overnight call rate unchanged at 2.00% today and signal that inflation poses more of a threat than a slowdown in economic growth. Some traders believe the FOMC will move rates higher this year while others believe the Fed will take a wait-and-see approach before adjusting borrowing costs.
• EUR
• JPY
• GBP
• CHF
Read more >
|
1.5709 / 12
1.6425 / 29
