Technical Outlook for Major Currencies – October 17, 2011
The Euro is fast approaching psychological barriers at 1.4000 but we look for opportunities to be selling this market into a test of this key...
Read MoreAuthor: FXCM Inc.
Europe’s “Grand Plan” Not So Grand in Our Eyes; Risks Remain
Although progress has been made in dealing with the Eurozone debt crisis, we are not as optimistic as some and still see risks for a brad based resumption in risk...
Read MoreUS Dollar Chart Setup Points to Gains as S&P 500 Hits Critical Resistance
Technical positioning hints the US Dollar may be readying for a move higher on renewed safe-haven demand as the S&P 500 hits critical range top...
Read MoreUsd/Nok Inching Closer to Our 5.50 Buy Entry Order
A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
Read MoreG20 Gives EU Eight Days to Solve Crisis; US Postpones RMB Pressure
Currencies markets open relatively unchanged after new developments following this weekend’s G20 meeting. Focus remained on the Eurozone as finance ministers and central bankers from the 20 nations pressured European...
Read MorePound Sterling Softens on Easing Expectations, Lower House Prices
The Sterling continued softening against the greenback following last week’s unexpected GBP75 billion increase in the Bank of England’s asset purchase program. Lower than previous housing prices in October’s...
Read MoreDollar Finishes out its Worst Weekly Performance Since March 2009
There was no silver lining in the dollar’s performance this past week. Behind the greenback’s hefty selling pressure against most of its benchmark counterparts, we were reminded of a fundamental reality: we need a...
Read MoreEuro Crisis Deepening but Currency May Enjoy Further Bounce
The Euro’s fundamental outlook is a mess. There is little doubt that the region is facing far greater losses on the ongoing expansion of its financial crisis; and the ultimate tab for this disaster (in both monetary and...
Read MoreUS Dollar Likely to Fall Further as Markets Dangerously Complacent
The US Dollar seems likely to trade lower as stock markets continue their recent surges. Yet a dangerous complacency surrounding financial markets warns that conditions could change on a moment’s notice and send the USD...
Read MoreSterling Outlook to Hinge on BoE Minutes- Key Inflation Data on Tap
The British pound advanced by more than 1.6% this week as a broad based rally in risk appetite saw traders aggressively turn on the greenback with risk assets surging throughout the...
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