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
Read more >
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
Read more >
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
Read more >
Sunday,
08 June 2008,
23:51 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 $1.5750 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.” Paulson said the government will work to “ensure that the dollar remains a strong and stable currency.” Rumours abound that Lehman Brothers is in financial trouble.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
Read more >
Monday,
05 May 2008,
02:43 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 $1.5360 level and was capped around the $1.5695 level. The pair lost about 215 pips last week. The FOMC reduced the fed funds target rate by 25bps to 2.00% and said inflation pressures are picking up. Traders increasingly believe the U.S. economy has turned the corner towards improvement. The Fed expanded the size of its Term Auction Facility to US$ 75 billion and upped its reciprocal swap lines with the ECB and SNB.
German states’ April inflation moderated. The EC reduced its 2008 GDP forecast to 1.7% and upped its 2008 inflation forecast to 3.2%. ECB’s Liebscher said policymakers should prevent inflation with “everything that is necessary” and Trichet warned against “complacency.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
Read more >
Tuesday,
29 April 2008,
10:02 GMT
Forexyard Daily Forex research
by Forexyard Research
29/04/'08 - U.S. Consumer Confidence On Tap
Yesterday the greenback showed off a bullish trend against its major currency rivals. It went through a bullish volatile session vs. the EUR, yet it lost strength against the GBP and the JPY.
Read more >
Monday,
28 April 2008,
15:14 GMT
Forexyard Daily Forex research
by Forexyard Research
28/04/'08 - USD Gaining Power
Last Friday, the greenback kept up its sharp bullish momentum against most of its major rivals. The USD gained as a result of favorable economic data, which was released from the US during the last week, combined with disappointing indicators released from the Euro-zone.
Read more >
|
1.2587 / 90
