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USDJPY’s bounce extended to 90.82
Tweet Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can [...]
USD/CAD Classical 03.10
Tweet USD/CAD: Our overall outlook for the pair remains highly constructive and as such, any dips should be used as formidable buy opportunities. The 78.6% fib retracement off of the 2010 low-highs comes in by the 1.0300 area and although this level has been slightly exceeded, we would not expect to see the market establish [...]
USD Graphic Rewind 03.10
Tweet USD INDEX GRAPHIC REWIND Written by Joel Kruger, Technical Currency Strategist for DailyFX.com If you wish to receive Joel’s reports in a more timely fashion, e-mail jskruger@fxcm.com and you will be added to the “distribution” list. If you wish to discus this topic or any other feel free to visit our Forum page US [...]
USD/JPY Classical 03.10
Tweet USD/JPY: Has been very well supported on dips towards 88.00, and we look for the most recent sharp rebound to open additional upside over the coming weeks back above critical medium-term resistance at 93.75. Last Thursday and Friday’s impressive rally reaffirms our outlook and only a close back under 88.00 would ultimately negate and [...]
Fed in Process of Orchestrating Policy Shift
Tweet While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands out and has actually outperformed, with no direct catalyst for the demand other than some pre-RBNZ volatility. MORNING SLICES FUNDYS While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands [...]
Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters
Tweet The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies operating under the fixed-exchange rate [...]
Oil, Gold May Decline as Monthly US Deficit Hits Record
Tweet Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago. Commodities – Energy Oil May Break Support as Monthly US Deficit Hits Record Crude Oil (WTI) $81.25 -$0.24 -0.29% Prices [...]
U.K. Manufacturing Tumbles for the First Time in Five Months
Tweet Overview Manufacturing in the U.K. unexpectedly declined for the first time in five months, with the reading pushing 0.9% lower in January after rising 0.9% the month prior, while economists forecasted a rise of 0.2%. At the same time, the annualized reading rose 0.2% during the same period, missing expectations of 1.4%, a sign [...]
Daily Sound Bites 03.10
Tweet Written by Joel Kruger, Technical Currency Strategist for DailyFX.com If you wish to receive Joel’s reports in a more timely fashion, e-mail jskruger@fxcm.com and you will be added to the “distribution” list. If you wish to discus this topic or any other feel free to visit our Forum page
