Sat, 22 Dec 2007 08:02:20 MST
|
Written by Kathy Lien
Selling US dollars was one of the best trades of 2007. Since the beginning of the year, the dollar has fallen as much as 13 percent against the Euro, 10 percent against the Japanese Yen and 8.5 percent against the British pound. The story of the dollar’s weakness also captured headlines around the world.
Mon, 17 Dec 2007 15:48:13 MST
|
Written by Moshe Shalom
In our latest review of the weekly picture of the GBPUSD, we said: "We can see a bearish divergence between the RSI and the price (1 green) between the tops of June and November..
Fri, 14 Dec 2007 05:05:14 MST
|
Written by Moshe Shalom
In this piece, we try making sense of the great gyrations in the British currency versus the US Dollar. In the attached weekly chart, we can see that the pair did work its way up from the beginning of the year 2006 in a series of higher highs and higher lows.
Thu, 06 Dec 2007 06:49:00 MST
|
Written by Moshe Shalom
We are writing this analysis because we think that the EURUSD is in the first stages of the long awaited reversal. It is amazing how difficult it was to catch this price corrective phase when trading in a smaller time period, like the daily or intraday.
Mon, 03 Dec 2007 05:12:21 MST
|
Written by DailyFX Research Team
Existing Home Sales, Durable Goods, Personal Income and Spending and Consumer Confidence numbers all missed their mark this week, but despite the dour economic news and the gloomy sentiment around the dollar, the greenback managed to gain 130bp on the euro and given the price action on Friday now looks more likely to reach 1.4500 rather than 1.5000.
Sun, 02 Dec 2007 18:44:52 MST
|
Written by Terri Belkas
On December 3 and 4, the Gulf Cooperation Council – which counts Saudi Arabia, Bahrain, Kuwait, the UAE, Qatar, and Oman as members – will meet for the Doha Summit, and this meeting will be watched very carefully as the council is expected to discuss breaking their respective currencies from the US dollar peg.
Wed, 28 Nov 2007 04:46:47 MST
|
Written by Moshe Shalom
This pair is quite interesting. While the EURUSD has not really moved down, the CAD currency has moved much lower and by so pushing this pair quite higher. Furthermore, there is no correlation between this latest move and the changes in the main commodities that Canada has, namely metals and OIL. So what happened?
Sat, 24 Nov 2007 13:17:01 MST
|
Written by Dailyfx
The US dollar still has not shown any signs of recovery as it remains around record lows against the Euro and the Japanese Yen. Many investors are speculating that the US dollar could continue to fall to lower levels as growth prospects...
Thu, 22 Nov 2007 05:20:20 MST
|
Written by Moshe Shalom
We look today at the Monthly chart of the USDJPY. This pair is doing exactly what we expected when it reversed into the triangle (violet 5). The re-entry was followed by a break of a rising wedge which is a very powerful bearish pattern.
Mon, 19 Nov 2007 05:38:30 MST
|
Written by DailyFX Research Team
Was it a pause that refreshes or a sign of an intermediate term top? Dollars bulls and bears battled each other to a standstill as the pair tried but failed to make a new record high. On the other hand any attempts to take it lower were met with steadfast bids.
Fri, 16 Nov 2007 05:15:29 MST
|
Written by Moshe Shalom
The fact that we are saying for a long time that this pair is very extended had no effect on its journey higher, until today. Lets examine some facts about the weekly picture of the most influential pair in the dollar index: The blow off over the upper boundary of the greater ascending channel...
Mon, 12 Nov 2007 19:22:04 MST
|
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.
Thu, 08 Nov 2007 12:29:38 MST
|
Written by Moshe Shalom
The obvious thing to mention in the long term picture of the US Dollar – Japanese Yen (USDJPY) pair is consolidation. It is a very wide one, but a consolidation nevertheless. The classic contracting triangle, which is the name of the game here since 1998, had been crossed to the upside at the start of this year (2007) and gave the impression that the pair is going to a very nice and very long bull market.
Mon, 05 Nov 2007 05:22:04 MST
|
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
|
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”
