Mon, 12 Nov 2007 19:22:04 MST
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Written by Moshe Shalom
As you can see in the attached daily chart, the USDJPY is not consistently correlative to the USD Index. In the orange boxes labeled 1, 2 and 3, you can the see the USDJPY rising while the US index stays in a trading range or is going down.
Mon, 05 Nov 2007 05:22:04 MST
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Written by Daily FX
The EURUSD finally took out the 1.4500 figure, but US economic data was far more dollar friendly this week than at anytime in the past month and as we noted on Friday, “We continue to believe that the EURUSD is near the end of its current rally and while it may make another run at the 1.45 figure, any additional gains going forward are likely to be small and slow.”
Mon, 29 Oct 2007 06:40:05 MDT
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Written by DailyFX Research Team
“For the time being,“ we noted in our Friday commentary, “the market views US monetary policy as highly accommodative and ECB policy as neutral at worst. In short US rates will continue to decline while EZ rates will remain steady. As long as that dynamic persists, aided by supportive equity markets the EURUSD should continue its inexorable march towards 1.4500”
Mon, 15 Oct 2007 07:06:13 MDT
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Written by DailyFX Research Team
The week ended nearly where it began as the greenback settled only 50 points from last Friday’s close. In between however, the pair saw a fair amount of action as the EURUSD dropped to within a few points of the critical 1.4000 level before rebounding hard. As we noted at the time, “The unit continues to attract late buyers who missed the initial rally to 1.4200 and now perceive the 1.4000 figure as a bargain.“
Thu, 11 Oct 2007 08:13:32 MDT
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Written by John Jagerson
The EUR/USD is showing a breakout from a bull flag that is classic enough to be included in an technical analysis manual. The trend is in favor of a breakout and I think, fundamentally, the USD is weak enough to drive this pair above its previous highs.
Mon, 08 Oct 2007 06:31:31 MDT
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Written by DailyFX Research Team
While Friday’s strong NFP report may not have definitively stopped speculation about a US recession, it certainly postponed its oncoming anytime soon. The labor data revealed that despite turbulence in capital markets, Main Street fared relatively well. In September US jobs grew by 100K and more importantly the reports for August and July were revised upward by a total of 118K jobs suggesting that growth may have slowed but not ceased.
