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Tweet Home :: Technical :: Market View :: Pre-Market Analysis Wed, Mar 10 2010, 12:25 GMTby Cornelius Luca CME Group | View company’s profile Most of the foreign currencies futures open as expected in the US, with all the European and commodity currencies but the pound up, and the yen down. The pound, which remains [...]

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Tweet The Euro may extend overnight gains into European trade amid receding concerns about Greek credit woes the country conducted a successful bond auction and received strong endorsements for its austerity measures from France and Germany. Key Overnight Developments o Japan’s Current Account Surplus Tops Forecasts on Exports o Dollar Down as Asian Stocks Rise [...]

Tweet NZD/USD: Price action has been quite choppy of late, but ultimately we retain a bearish bias and look for the recent highs by 0.7080 to continue to cap gains ahead of an eventual break back below 0.6800 over the coming days. Written by Joel Kruger, Technical Currency Strategist for DailyFX.com If you wish to [...]

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 we would not expect to see the market close below this key support. Only a close [...]

Tweet USD/CHF: The rally has finally stalled out for now ahead of 1.0900, with the market in the process of correcting from overbought levels. The risks from here are for some additional weakness back towards the 1.0500 area, from where a fresh higher low will be sought out ahead of the next major upside extension [...]

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 DailyFX provides forex news on [...]

Tweet Setbacks have stalled for now ahead of 1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base. EUR/USD: Setbacks have stalled for now ahead of 1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and [...]

Tweet The Greek crisis has brought sovereign debt to the forefront, capturing markets’ attention. We think another dimension of the sovereign issue, the inflation risks inherent in high levels of public debt for economies that can print their own currency, is being overlooked by the markets. High levels of public debt in many advanced economies [...]

Tweet Oil prices have taken out key resistance but risk trends may help see a pull-back in the near term. Gold and silver may turn lower as a business economists’ survey calls for Fed rate hikes in the next 6 months. Commodities – Energy Oil May Pull Back on Risk Trends After Resistance Break Crude [...]