Mon, 28 Apr 2008 15:01:32 MDT
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Written by DailyFX Research Team
The Conference Board’s consumer confidence survey has proven to be a potential market mover over the past two months. Although, with a week full of significant event risk including an FOMC rate decision, GDP and NFP’s, the markets may overlook the indicator.
Tue, 22 Apr 2008 14:12:31 MDT
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Written by Moshe Shalom
There is no real respite from the current financial crisis without some return of the risk appetite that was before its beginning. And, the most indicative sign for such a development would be some return of the Carry-trade mechanism that was so in vogue in the previous years.
Thu, 10 Apr 2008 05:26:28 MDT
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Written by Moshe Shalom
The general feeling of all the participants in the financial markets game is of dismay and despair. From a "small" problem in the US housing market (Sub-Prime), we have arrived to a possible meltdown of the global financial markets (Bear Stearns Bailout).
Thu, 03 Apr 2008 05:25:33 MDT
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Written by Moshe Shalom
The Canadian currency is thought off as a commodity currency. By being so, it should have a leveraged behavior against the USD. Let's look at the weekly chart to see what this pair is doing these days
Fri, 28 Mar 2008 05:42:46 MDT
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Written by Moshe Shalom
It seems that the EURO wants to continue its ascent that started in November 2005 but has arrived at an interesting decision point. Since it was at 1.1650, the pair has been on the most impressive climb that any financial assets can have.
Sat, 22 Mar 2008 14:43:54 MDT
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Written by Forexcycle
GBPUSD's down trend resumed and dropped sharply to as low as 1.9736 level. Further fall to retest 1.9337 previous low support is still possible. Near term resistance is now at 2.0090, as long as this resistance holds, we'd expect down trend to continue.
Tue, 18 Mar 2008 21:25:42 MDT
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Written by Moshe Shalom
The USD is in a bad shape and you do not need us to tell you so. The problem is to know what is the preferred way to save the purchase power of your capital in these times.
Mon, 17 Mar 2008 21:39:06 MDT
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Written by Kathy Lien
Last week, we warned that the Federal Reserve is on high alert and now, we understand why. Pandemonium has hit the financial markets as the US dollar trades below parity against the Swiss Franc for the first time ever, hits a record low against the Euro and a 12 year low against the Japanese Yen.
Thu, 13 Mar 2008 08:40:29 MDT
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Written by Kathy Lien
What makes today’s record breaking day in the EUR/USD particularly unique is the fact that the currency pair is now trading above the psychologically important 1.55 level. Data wise, its been a quiet day in the currency market
Tue, 11 Mar 2008 05:49:19 MDT
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Written by Moshe Shalom
The last move down of the USDCHF pair was in the magnitude of what people can call "shock and awe". It is easy to feel an urge to enter and trying to catch the "falling knife" in such developments.
Fri, 07 Mar 2008 04:32:16 MST
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Written by Kathy Lien
The US dollar has fallen to a record low against the Euro and there are at least 5 reasons why the weakness will continue. The first is the most immediate, which is tomorrow’s non-farm payrolls report.
Wed, 05 Mar 2008 04:41:41 MST
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Written by Moshe Shalom
When you look at the USDJPY pair you are wondering if there is some more room on the downside. Such a long drive down is becoming what technicians call "exhaustion". Nevertheless, we can see one more push down before a temporary bottom can develop.
Thu, 28 Feb 2008 04:28:05 MST
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Written by Moshe Shalom
It is a usual thing to view the EURO as the perfect currency hedge for the descent of the US Dollar and in fact, the US index, by which the value of the USD is measured, has a big chunk attached to the pair EURUSD.
Tue, 26 Feb 2008 06:24:19 MST
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Written by Moshe Shalom
Since November 2005, the US Dollar is really in a freefall. Then, it was quoted at 92.63 and now we can buy the index for a measly 75.35. The lowest point in this period was even lower, near the 74.50 price level.
Wed, 20 Feb 2008 06:17:25 MST
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Written by Moshe Shalom
Let's revisit the main Carry-trade currency to see if our long term bearish view is on track. As you may remember, our long term analysis said that the USD JPY pair is on its way to visit 100 with a stop near 105.
