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Weekly Technical Commentary
Mon, 08 Mar 2010 04:21:37 GMT

Likely to remain trapped between 'channel' resistance and pivotal support at 88.00 for the rest of this month. Random moves will probably become ever smaller, fading ahead of targets, as the yen looks for intermediate and long term direction. Note that the Lagging Span encounters resistance from the candles starting...

 

Weekly Forex Signals: EUR/USD
Mon, 08 Mar 2010 04:13:41 GMT

Technical analysis gives us a bullish momentum in the market and the euro may start an uptrend after a break of standard error channel upper line. MACD crosses the signal line upwards; RSI is in a clear uptrend and Bollinger Band gives us a bullish signal.

 

IMM Positioning - Strong Investor Belief In A Sustained Dollar Rally
Mon, 08 Mar 2010 04:11:56 GMT

Following recent stabilisation in EUR/USD, speculative investors have trimmed short EUR positions marginally. However, at above 30% of open interest, EUR shorts remain an upside risk on EUR/USD.

 

US Economic Indicators Preview
Mon, 08 Mar 2010 04:08:26 GMT

The University of Michigan's (UMI) preliminary consumer sentiment for February declined slightly from 74.4 to 73.6. Despite the unfavourable weather conditions, the current assessment was slightly higher than in January, but expectations fell back. So far the outlook for March has been mixed: gasoline prices, which declined in the course...

 

UK RICS and BRC Surveys May Show a Thaw in Economic Activity
Mon, 08 Mar 2010 02:16:39 GMT

The British may be obsessed with the weather, but unusually cold conditions in January certainly affected some highfrequency economic indicators, weighing on UK retail sales and mortgage approvals. However, the arctic weather is likely to have supported January industrial production, due this week, via a boost to utilities output, while...

 

EMU Economic Indicators Preview
Sun, 07 Mar 2010 10:48:00 GMT

After having plummeted in December, output in the German producing sector is not expected to have decreased again in January. Industrial output is likely to have gone up, as most of the correlated climate indicators improved. Industrial new orders soared in January, but mainly because of bulk orders, which tend...

 

EURUSD: Risk Still Building On The Upside
Sun, 07 Mar 2010 10:43:46 GMT

EUR continues to form negative candles on the weekly chart with another one seen on the back of its failed attempt on the downside the past week. This development continues to suggest a loss of downside momentum and a preparation for corrective to consolidation phase of its medium term declines...

 

GBPUSD: Closes On A Hammer, Set To Recover Higher
Sun, 07 Mar 2010 10:42:09 GMT

With a hammer candle starting a corrective recovery on the daily chart the past week and seeing the pair reduce its earlier losses to a marginal one on Friday, further confirmation of that recovery looks to be triggered as another hammer candle formation(bottom reversal signal) is now in place on...

 

Weekly Economic and Financial Commentary
Sat, 06 Mar 2010 01:34:03 GMT

In their most famous “road picture,” Bing Crosby and Bob Hope vow never again to repeat past mistakes and head off to Singapore. Of course, they do repeat their past mistakes and never do get to Singapore. For the U.S. economy the pace of improvement appears maddeningly slow and yet...

 

FX Strategy Weekly
Sat, 06 Mar 2010 01:21:59 GMT

It takes a brave investor to bet against further downside in GBP/G10 crosses following the brutal sell-off and speedy decline through key technical levels over the last three trading sessions. We remain medium-term USD bulls and GBP bears, but ask whether the lurch lower in EUR/USD is overdone. The threat...