EURO Report Scenario Analysis Last week we indicated that EURUSD would most likely trade in a 1.1800-1.2850 range (1.2550-1.2850 actual). We have been expecting a sizeable drop of EURUSD ... at 1.30. It might be another week or two of range bound trading before a (downward) breakout occurs, or sooner if a major EU ...

forum topic - azka - 2008-12-08 00:13 - 0 comments

Euro, British Pound and Swiss Franc All Dive Nearly 2% on Coordinated ECB, BOE, ... quite plausible, as growth and inflation pressures are bound to decrease further. As of Thursday’s close, Credit Suisse overnight ... US stocks for the second day in a row. While the greenback still remains 300-350 points below its October highs versus the euro and ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

The euro hit a one-month low against the dollar and a three-week trough versus the ... were divided over how far it should go and said he did not think zero interest rates would be appropriate for the ECB. [ID:nSP404768] ... to fall further, following the same path as the dollar, sterling and the yen did when they faced month-long selling after their central ...

forum topic - azka - 2009-04-21 06:03 - 0 comments

... 1.32. This morning's better than expected IFO news saw the euro continue to rally against the buck towards 1.3350, however, the move was not strong enough to sustain further gains and as the pair appreciated more ...

forum topic - azka - 2009-01-28 13:21 - 0 comments

Dollar, yen hold near week's highs vs euro, Aussie, kiwi * Dollar briefly hits 2-month low vs yen By Kaori Kaneko ... its lowest this week at $1.3525 on trading platform EBS as traders dumped aggressive short-dollar positions accumulated earlier in the ...

forum topic - azka - 2009-05-14 17:44 - 0 comments

... announces the key details of the banking rescue plan this week. Geithner's plan must excel in substance and delivery or he might as well pack his bags. Why such high standard for him and Obama? The ...

forum topic - azka - 2009-03-23 15:30 - 0 comments

... progress” toward a recovering economy even as it is “still under severe stress.” said President Barack Obama Obama cited ... last month kept the benchmark lending rate in a range of zero to 0.25 percent. Obama didn’t mention the status of the ...

forum topic - azka - 2009-04-11 23:07 - 0 comments

... the global recession. “Risks of overheating are still building despite the government’s cooling measures, as the PMI has ... Manufacturing Countries from Republic of India to the euro region to the U.S. also release factory PMIs today. Australia, whose ...

forum topic - azka - 2010-04-01 03:24 - 0 comments

... to how easy is to be sustained! As long as the pair does not fall below 1.35, which works as a good support now, there may be further ... the next few weeks… As a last note, do not let the euro and pound rally misguide you into thinking that all of a sudden Euro zone ...

forum topic - azka - 2009-03-20 02:08 - 0 comments

... that all recent European data are contracting, is making euro bulls think twice about buying the single currency against the dollar. A new week is starting today, with markets still shocked from Friday’s really negative employment data which saw ...

forum topic - azka - 2008-12-08 23:06 - 0 comments

... The pound has fallen to new records against the euro and new multi year lows against the dollar after BOE’s inflation report ... last year and although we saw at least 50-80 pips daily range before, now the pair seem to be making 150-200 pips a day! Many traders ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

... the pair continue its bearish trend, eventually targeting strong support around the last long-term low reached in late October? Or will ... below this dynamic support line, the 1.2550 region serves as the next major support target to the downside. Directly below this target is ...

forum topic - azka - 2009-01-25 19:44 - 0 comments

... What a week this is turning out to be, with markets still dropping in the aftermath of Obama's inauguration. The prospect of a new ... traders are exiting all other currencies, especially the euro and pound. The pound has plunged since Monday after a short term rally ...

forum topic - azka - 2009-01-21 23:36 - 0 comments

... In Australia, the quarterly PPI is forecasted at 0.4%, as well as the NAB Business Confidence. UBS will publish the UBS ... new Official Cash Rate is expected to fall by 1% to 4%, still one of the West’s highest interest rates. There will also be an RBNZ ...

forum topic - azka - 2009-01-25 19:28 - 0 comments

... to offer good insights on how to play the FX market as most major pairs are very correlated with the S&P 500 presently. ... a series of overlapping waves which are corrective, but do not fit into the normal sequence that one would expect at this juncture of the ...

forum topic - azka - 2008-12-04 03:31 - 0 comments