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EUR/USD: Setbacks have stalled out for now by 1.3145 with the market in search of a fresh lower ahead of the next major downside extension below 1.3000. Overall, our outlook remains quite bearish and we continue to project deeper setbacks into the lower 1.2000’s over the coming weeks. Ultimately, only a daily close back above 1.3690 [...]
USD/JPY:Has been locked in an intense consolidation in the 76.00’s over the past several weeks, since breaking to fresh record lows by 75.95, and while we would not rule out the possibility for a continuation of the downtrend, any additional declines are seen as limited. Longer-term technical studies are looking stretched and we anticipate the formation of [...]
Euro dollar is slowly testing lower ground below critical support and under the former uptrend line. The euphoria from the joint announcement by 5 central banks to provide dollar liquidity to struggling European banks is slowly fading. The week ends with two major US releases and also the finance ministers meeting. How close is the [...]
EUR/USD broke above the uptrend channel that characterized it throughout the week and above critical resistance at 1.3838. This comes after 5 central banks coordinated to supply dollar liquidity to European banks – the Federal Reserve is helping the ECB. The ECB and the Federal Reserve address the dollar funding crisis that has weighed heavily [...]
Euro/dollar is getting away from uptrend resistance as US CPI surprises with a rise of 0.4%, higher than +0.2% that was expected. Core CPI rose by 0.2% as expected. Persistent inflation lowers the chance of QE3. On the downside, weekly jobless claims unexpecdely rose to 428K. A figure of 410K was expected. It’s important to [...]
EUR/USD is now moving deeper into the channel and below one more support line as the next tranche of Greek aid is still in the air. According to the leaders of the EU, the conditions for the 8 billion euro tranche have not been fulfilled yet. But perhaps this isn’t the Greeks this time -it [...]
The euro managed to recover, but didn’t get too far, as a Greek default is still on the cards. The upcoming week consists of important surveys and PMIs that will show if conditions continue to worsen. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD. This week’s rate decision by [...]
The kiwi couldn’t weather the global storm and lost some ground. Inflation Expectations and Retail sales are the main events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week was good for the manufacturing sector when raw material prices gained less than the 1.2% increase expected rising [...]
The SNB continues to be very active around the franc, but not all of its efforts are successful. The upcoming week consists of 4 important indicators. Here is an outlook for these indicators, and an updated technical analysis for USD/CHF. The expectations from the SNB and also the actual moves, have a wide impact on [...]
Weekly Market Movers Part 1: A strategy guide to prior week’s market movers and their lessons for the coming week for traders/investors of all major asset classes via both traditional instruments and binary options. PRIOR WEEK We begin with the broad technical picture, and then look at what’s behind it. TECHNICAL PICTURE We wrote in [...]