Top Stories
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
By Joel Kruger, Technical Strategist for DailyFX.com Greece agreement out of the way but saga still ongoing UK Telegraph highlights some of the risks ahead Yen emerging as the major story amidst Eurozone mess USD/JPY breaks back above 80.00 for first time in 6 months Daily RSI at highest level in over 10 years BOE [...]
US Dollar, Yen Recovery Expected as Global Slowdown Fears Return – February 21, 2012
By Ilya Spivak, Currency Strategist for DailyFX.com Major Currencies vs. US Dollar (% change) February 13, 2012 – February 17, 2012 Talking Points Euro Selling Likely as Focus Turns to Recession Fears After Greek Accord Japanese Yen May Strengthen Anew as Risk Aversion Makes a Comeback British Pound Looks to BOE Minutes to Gauge Support [...]
Global Equity Monitor: Techno-Fundamental Research & Analysis
By Joel Kruger, Technical Strategist For DailyFX US equities remain well supported on dips but daily studies stretched UK equities going nowhere right now; looking for range break German equities eye 7,000 but rallies there could offer compelling counter-trend opportunity Japanese equities highly overbought and rolling over towards 200-Day SMA Australian equities bounce but [...]
Euro Ticks Higher as ECB Swaps Bonds; Yen in Free Fall
By Christopher Vecchio, Currency Analyst for Dailyfx.com Fundamental Headlines – ECB Plan to Shield Its Greek Bonds May Subordinate Some Holders – Bloomberg – Germany Seeks to Avoid Two-Step Vote on Greek Aid – Bloomberg – Inflation Heats Up on Gasoline Prices – Reuters – Germany, Bank Ease Tensions on Bailout – WSJ – U.K. [...]
Euro Could Be Looking to Carve Medium-Term Lower Top
By: Joel Kruger, Technical Currency Strategist for DailyFX.com Greece uncertainty lingers and could start to weigh more heavily French and Spanish auction results solid but don’t factor Risks for contagion to other Eurozone nations and global economy China, commodity bloc and emerging markets at risk for relative underperformance USD still seen as attractive investment in [...]
Commodity Currencies Remain Very Well Supported For Now
By Joel Kruger, DailyFX Technical Strategist Talking Points Greece taking a backseat as investors attempt to focus elsewhere Australian and New Zealand Dollars well bid on positive risk flows China talk of increased support to Eurozone still propping sentiment Eurozone GDP, German GDP fail to move markets; UK employment mixed UGlobal equities are looking a [...]
Risk Appetite Holds Up in Europe Despite Earlier Moody’s Moves
By Joel Kruger, Technical Strategist Talking Points Market participants shrug off overnight Moody’s downgrades China helps risk appetite after talking of added involvement in Eurozone Eurozone auction results well received German ZEW comes in much better than expected USD/JPY breaks back above 200-Day SMA for first time in months Check out “Global Equity Monitor” Risk [...]
Ultra Quiet Start to Week But Initial Signs Are Risk Positive
By Joel Kruger, Technical Strategist Talking Points Greek parliament passes austerity motion Euro considering break above 100-Day SMA Aussie once again outperforms on risk positive themes Friday’s US equity should however not be ignored So far, a very quiet start to the week, but risk correlated assets have been benefiting on Monday thus far. The [...]
US Dollar Aims for Broad-Based Recovery in the Week Ahead
Major Currencies vs. US Dollar (week-to-date % change) Talking Points Euro at Risk as Recession Worries Replace Greece Fiasco in the Spotlight Japanese Yen Tracking Treasury Yields, Focus on Fed Minutes and US CPI British Pound to Face Selling Pressure as Data Bolsters Case for QE Boost Commodity Dollars May Lose Support as Global Slowdown [...]
Market Outlook for February 9, 2012
Recap of the Latest Global News By Keagan York on Feb 9, 2012 European finance ministers have convened an emergency meeting in Brussels today as the Greek government continues to struggle to finalize of terms of its next rescue package. The ministers will meet with IMF chief Christine Lagarde but no agenda has been announced. [...]
Market Outlook for February 8, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 8, 2012 Markets rallied yesterday for no apparent reason other than that the Greek government’s negotiations with the troika, made up of the European Commission, the European Central Bank and the International Monetary Fund, hadn’t broken down irrevocably. Greek PM Papademos [...]
Market Outlook for February 7, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 7, 2012 Markets eased yesterday as the Greek government continues to struggle to make the necessary austerity budget cuts to qualify for more financial aid and avoid an ever more likely default. Pressure is mounting on the Greeks to meet the [...]
Market Outlook for February 6, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 6, 2012 Markets rallied on Friday after the release of much better than expected US employment data. The non-farm payrolls data showed an increase of 243,000 in January which was well over the median economist’s forecast of 140,000. Furthermore, the unemployment [...]
U.S. Dollar Reversal Underway, Euro Eyes 23.6% Fib
Talking Points U.S. Dollar: Index Threatens Downward Trending Channel, Labor Force Continues To Shrink Euro: Carves Out Lower Top, Greece Seeks Another EUR 15B British Pound: Upward Trend Gives Out, BoE To Conduct More QE U.S. Dollar: Index Threatens Downward Trending Channel, Labor Force Continues To Shrink The greenback extended the advance [...]
Market Outlook for February 2, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 2, 2012 Yesterday, manufacturing strength around the globe from prompted a rally in the markets as investor focus was diverted from the European debt focus. Manufacturing data in the US grew at the fastest rate in seven months while manufacturing in [...]
Market Outlook for February 1, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 1, 2012 Yet again markets were gripped by ‘europhoria’ surrounding the latest EU summit and more announcements surrounding plans to save Europe. European Union leaders meeting in Brussels have agreed on a fiscal treaty that will allow for action against high [...]
Market Outlook for January 31, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Jan 31, 2012 Chancellor Merkel indicated yesterday that there may be a delay in finalisation of a debt deal for Greece by saying “we won’t have a thorough discussion of Greece because the troika is in Greece and we don’t have a [...]
Market Outlook for January 30, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Jan 30, 2012 The announcement by the Federal Reserve that it plans to keep interest rates low through till at at least 2014 counterbalanced some weaker than expected economic growth figures last week to keep investor sentiment more optimistic. Furthermore, developments over [...]
Market Outlook for January 27, 2012
Recap of the Latest Global News By Cory Vi & Andrew Su on Jan 27, 2012 In a week that the Federal Reserve announced it would keep interest rates low through till at least 2014 and Bernanke said that policymakers are considering further bond purchases to boost growth, markets continued to celebrate as it appears [...]
Market Outlook for January 26, 2012
Recap of the Latest Global News After the U.S. Dollar sold off across the board late in North American trading yesterday, it appeared that some relief was on the horizon, with the Greenback clawing back in early Asian trading on Thursday. This was merely a short-term correction, and by the time European markets opened up, [...]
