Archive for November, 2009

The euro zone ZEW survey regarding economic sentiment slipped after rising lately and this meant that the European confidence was still shaky despite the latest measures from the government and the European Central Bank (ECB). more from source »

Today, we see that the trade balance in the United Kingdom revealed a widened deficit, and this is a result of improved domestic demand despite the ongoing recession that ravaged economies around the world and left high unemployment rates around the globe. more from source »

With three of the world’s largest central banks reassuring the markets that accumulation of risk is secure, it seems like clear sailing ahead for high beta currencies. In no uncertain terms last week the Fed and ECB indicated that they would support growth, stated that inflation is a far distinct… more from... »

Most major and EM currencies remain at elevated levels vs. the USD as Asian equity markets continue to make gains and highlight that risk appetite is alive and well. EURUSD remains well supported above 1.4940-50, but is still yet to make its next move to resistance at 1.5063 (26 Oct… more from... »

The U.K. pound fell sharply in Asia Tuesday, dragging the euro down with it, due to reported remarks by a senior official at Fitch Ratings that the U.K. is most at risk among major economies of losing its AAA status. more from source »

In the overnight Asian session, and the start of European trade, stocks were holding higher, while the most widely traded pair, Eur/Usd is still consolidating around the psychological 1.5000 area. A break of this level, and a possible move through the 1.5062 yearly top depends on S&P futures momentum holding… more from... »

Cable has risen from a low of 1.6601 during the day and is inching towards a Short term important Resistance at 1.6740-50. If this barrier is breached, we may see the pair rise once again towards 1.6850 over the next couple of sessions. There might however be some pullback towards… more from... »

On the daily cable chart, prices have traded higher over the past few weeks, away from the 1.5705 lows, where wave IV of a bullish impulse count could be completed. If the wave count is correct then wave V is already in process, and as such, new yearly highs should… more from... »

On Monday Dollar/Yen was trading quietly after the sharp fall on Friday. On the 1 hour chart the important key support 89.55 was broken downward at the beginning of last week, indicating strong bears with perspective targets towards 88.60. However, the CCI indicator is in the oversold zone and upwards… more from... »

Having opened the week on bullish momentum following its decisive break through its Oct 27′09 high on Monday, threats of further gains continue to be seen towards the 1.5000 level. Though seen hesitating in early trading today, while the 1.4926 level or even the 1.4844 level remains unbroken, we expect… more from... »