Friday,
12 March 2010,
11:16 GMT
Forex.com
by Jane Foley, Research Director
EUR/USD through resistance, cable squeezed, JPY and CHF also on the move.
The
JPY, GBP and the CHF have all seen sharp movements this morning, while EUR/USD
has attacked key technical resistance (now support) in the 1.3735/40 area.
EUR/JPY
has surged to an intraday high of 124.55 , though vs the USD the JPY has failed
to hold its softer overnight levels.
The
weaker yen in Asia followed an intensification of speculation regarding the
likelihood of more BoJ policy action on Mar17.
Overnight PM Hatoyama commented that the current level of the JPY does
not reflect Japanese fundamentals.
Also
the MoF’s Kan indicated that fx intervention was a policy option; though his
comments were not worded to suggest that this was an imminent threat.
Read more >
Friday,
12 March 2010,
09:25 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Forex signal: Below 1.5050/55 wud bring weakness to 1.5027.
Suggest to stand aside in the meantime...http://www.acetraderfx.com
INTRA-DAY GBP/USD: 1.5093
Last Update At 12 Mar 2010 08:19 GMT
Read more >
Friday,
12 March 2010,
09:23 GMT
Forexyard Daily Forex research
by Forexyard Research
FOREX Analysis - Dollar Lower on Mixed Data
Read more >
Friday,
12 March 2010,
01:52 GMT
AceTrader
by AceTrader Research Team
Daily Market Outlook by AceTrader
Market Review - 11/03/2010 22:59GMT
Dollar little changed after mixed data on US trade and jobless claims
http://www.acetraderfx.com
The greenback traded little changed versus major currencies on Thursday after mixed data on U.S. trade and jobless claims failed to give investors strong reasons to move the currency.
Read more >
Thursday,
11 March 2010,
11:14 GMT
Forex.com
by Jane Foley, Research Director
Chinese CPI at 16 mth highs, but JPY unwinds most of overnight safe haven flow. Cable higher.
The
overnight releases of Chinese PPI and CPI failed to garner the excitement they
had promised, with Asian stocks managing a mixed performance.
CPI did print a 16 mth high of 2.7% y/y but
at these levels the rise in inflation can still be deemed as relatively
moderate (CPI hit 8.7% y/y in 2008).
That said the strength of Chinese loan data suggest that inflationary
risks are firmly bias to the upside and have been sufficient to trigger
speculation that CPI will rise above the 3% gov’t target in the months ahead
and bring forward a BoC rate hike potentially into Q2 .
The threat of Chinese monetary tightening pushed
the JPY higher overnight in a move that was largely unwound in London
hours.
Read more >
Thursday,
11 March 2010,
09:20 GMT
Forexyard Daily Forex research
by Forexyard Research
Forex Analysis - Bearish Dollar Will Try and Recover Losses Today
Following yesterday's bearish downturn for the U.S. Dollar, the
greenback will try and recover some of its losses with the help of
several critical economic indicators today. Both the U.S. Trade Balance
Report and this week's unemployment claims are likely to have an impact
on Dollar positions. Whether or not they can provide USD with the
necessary momentum to reverse its current direction is yet to be known.
Economic News
USD - Dollar Stuck in Downward Trend Ahead of Busy Trading Day
After taking some serious losses against several of its major
counterparts in trading yesterday, the Dollar remains in its bearish
cycle as investor risk appetite has returned. EUR/USD shot up over 50
pips yesterday before slightly retreating to its current level of
1.
Read more >
Thursday,
11 March 2010,
07:41 GMT
AceTrader
by AceTrader Research Team
GBP/USD Daily Market Outlook by AceTrader
Forex signal: For short term trade, buy cable on dips with stop below
said sup, break may risk weakness to 1.4900/05.
INTRA-DAY GBP/USD: 1.4955
Last Update At 11 Mar 2010 06:52 GMT
http://www.acetraderfx.com
Read more >
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