Wednesday,
09 July 2008,
22:42 GMT
Fast Analysis
by FastBrokers Team
Research for July 9th 2008
I hope everyone had great success in today's currency moves.
• EUR/USD
• GBP/USD
• USD/JPY
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Monday,
07 July 2008,
21:36 GMT
Fast Analysis
by FastBrokers Team
Research for July 8th 2008
Hope everyone is having fun bouncing around in this market!
• EUR/USD
• GBP/USD
• USD/JPY
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Sunday,
06 July 2008,
23:14 GMT
GCI Forex Research
by 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 4.25% and Trichet is not precommitting to another hike. ECB’s Liebscher said the ECB has no policy bias but is concerned about “gruesome upward changes to the inflation outlook.
• EUR/USD
• USD/JPY
• GBP/USD
• USD/CHF
• USD/CAD
• AUD/USD
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Wednesday,
02 July 2008,
21:41 GMT
Fast Analysis
by FastBrokers Team
Research for July 2nd 2008
Good afternoon from Sunny Los Angeles. Thought for the day: Fireworks and Hamburgers make a great combo.
Tomorrow is a widely anticipated day. I would not expect to see much volume until the release from the ECB. Everyone who reads, I cannot stress enough, please trade smart and safe during tomorrow’s session. Tomorrow is also my birthday followed by the 4th. The next commentary will be coming on Monday July 7th. Have a great holiday and be safe!
• EUR/USD
• USD/CHF
• USD/JPY
• GBP/USD
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Tuesday,
01 July 2008,
17:28 GMT
Fast Analysis
by FastBrokers Team
Research for July 1st 2008
Our first entry.....:). We hope the traders and colleagues enjoy our analysis.
The Euro loves this range of 1.58-- to 1.53-- (looks familiar). We are at the top of that range now with a daily range of 1.5817 to 1.5720. Our weekly house view is neutral due to the amount of news on Thursday. ECB rate decision and NFP could send this pair into uncharted territory. We are waiting patiently for breakout opportunities.
• EUR/USD
• USD/JPY
• GBP/USD
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Sunday,
29 June 2008,
23:48 GMT
GCI Forex Research
by 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. Germany lifts its 2008 GDP forecast to 2.3%. The ECB will hold a press conference on 7 August. ECB’s Noyer reported there is “no concrete threat of a (further) credit crunch.”
Data released in the U.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Sunday,
22 June 2008,
23:16 GMT
GCI Forex Research
by 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.” Paulson is seeking a financial stability remit for the Fed. Fed #2 Kohn said the financial institutions are improving their balance sheets. The U.S.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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