Fri, 16 Nov 2007 05:15:29 MST
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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
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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.
Thu, 08 Nov 2007 12:29:38 MST
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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
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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”
Sat, 27 Oct 2007 06:02:26 MDT
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Written by Terri Belkas
The US dollar fell to yet another record low against the Euro on Friday as traders remain overwhelmingly bearish on the greenback. However, the markets have remained bullish on nearly everything else, including commodities.
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.
Thu, 27 Sep 2007 18:35:29 MDT
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Written by Kathy Lien
Over the past month, the value of the US dollar has fallen significantly with the once mighty greenback dropping to a record low against the Euro and a 31 year low against the Canadian dollar. For currency traders, the dollar’s weakness has provided plenty of opportunities, but for the average person living in the United States, what does a weak dollar really mean?
Fri, 21 Sep 2007 05:02:03 MDT
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Written by Kathy Lien
It has been an extremely active day in the currency markets with the US dollar falling to record lows against the Euro and 30 year lows against the Canadian dollar. For months, the currency market has been obsessed with 1.40 in the Euro and 1.0 in USD/CAD. Now that these targets have been achieved, the question ahead of us is how much further can the Euro rise
Thu, 23 Aug 2007 19:26:20 MDT
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Written by David Rodriguez
Did you know that the Canadian dollar has a very unique trading characteristic at the end of every month? According to our statistical analysis, we found that over the past 10 years, USD/CAD tends to fall in the last week of the month with a 95 percent confidence level. A more granular look at the data reveals that this drop is predominately concentrated around the 24th and 25th day of every month. Interested in knowing why this happens?
Wed, 08 Aug 2007 07:24:50 MDT
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Written by Kathy Lien
Being long oil over the past 1.5 years has paid off handsomely. Between January 2006 and July 2007, oil prices have risen as much as 55 percent. Earlier this month, the price of crude even hit an all-time high of $78.77 a barrel and since then, it has pulled back approximately 6 percent.
Fri, 03 Aug 2007 06:53:05 MDT
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Written by Boris Schlossberg
News this week that a 32 year old Canadian energy trader by the name of Brian Hunter recently lost approximately $5 Billion dollars in a period of only one week in the natural gas market caused an uproar on Wall Street.
Investors in Amaranth Advisors - the Connecticut based multi billion dollar hedge fund for which Mr. Hunter continues to trade, saw the value of their investment decline by 35% after being up as much as 20% this year
Thu, 02 Aug 2007 15:35:48 MDT
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Written by Daily FX
The New Zealand dollar was one of the best performing major currencies in the second quarter. Rising by 10.4 percent against the US dollar, the currency pair climbed to a 25 year high.
As a high flying carry trade favorite, the Kiwi was also able to make multi year highs against the Japanese Yen and by the end of the second quarter, NZD/JPY rose to a 19 year high.
