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Sunday,
22 June 2008,
23:16 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 $1.5650 level and was supported around the $1.5345 level. The pair gained about 280 pips last week. G8 finance ministers met in Osaka and didn’t address the weakness in the greenback. Traders are scaling back their U.S. rate hike expectations. Richmond Fed President Lacker suggested inflation is more of a threat than an economic slowdown. WSJ sees rates steady until the autumn “unless the inflation outlook deteriorates considerably.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Sunday,
08 June 2008,
23:51 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 $1.5750 level and was supported around the $1.5365 level. The pair gained about 180 pips last week. Bernanke broke new ground by verbally intervening to support the dollar saying “We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations and will continue to formulate policy to guard against risks to both parts of our dual mandate, including the risk of an erosion in longer-term inflation expectations.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Tuesday,
27 May 2008,
00:52 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5790 level and was supported around the $1.5740 level. Technically, today’s intraday low was right around the 61.8% retracement of the move from $1.6020 to $1.5280. Liquidity was reduced today on account of market holidays in the U.K. and U.S. Traders will pay close attention to Germany’s consumer price inflation data scheduled to be released tomorrow followed by the flash EMU-15 May CPI rate on Friday.
• EUR
• JPY
• GBP
• CHF
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Tuesday,
20 May 2008,
23:52 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro appreciated sharply vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5680 level and was supported around the $1.5505 level. The common currency reached its highest level since 28 April as crude oil futures traded above the US$ 129 figure for the first time ever. Data released in the U.S. today saw the April producer price index rise 0.2% m/m while core inflation was up 0.4% m/m and 3.0% y/y – the largest change since December 1991. Traders will now focus on consumer price inflation data to determine if inflation is filtering through the supply chain from the wholesale level.
• EUR
• JPY
• GBP
• CHF
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Friday,
16 May 2008,
00:06 GMT
Research
>
Forex - Fundamental research
FX Research Desk
Fundamental Outlook
The euro gained marginal ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5545 level and was supported around the $1.5450 level. Technically, today’s intraday low was right around the 23.6% retracement of the move from $1.6020 to $1.5280. Many data were released in the U.S. today. First, net long-term TIC flows rose to US$ 80.4 billion in March from February’s total of US$ 72.5 billion while the monthly net TIC flows component saw an net outflow of US$ 48.
• EUR
• JPY
• GBP
• CHF
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1.4207 / 10
0.8199 / 03
