Forex Forecast
Technical Analysis: Technical Alert – June 29
Slightly better risk appetite and a waiting game. EURUSD 1.44/45 key resistance zone to cap for now, EURGBP clearly a bullish close yesterday with no topside spike seen, EURSEK remains bid and should soon try the 9.29 key resistance whereas EURNOK turned lower ahead of the 7.85 resistance and should thus be in the process […]
FX DAILY STRATEGIST: Europe – 28 June 2011
FX to remain highly skittish/low flow ahead of Wednesday EURUSD and EURCHF downsides look the more vulnerable barring clear signs Greek Budget will pass USDJPY topside resistance above Y81.00 could be reinforced by strong IP data Wednesday.
Technical Analysis: Technical Alert – June 28
Most markets seems to have entered at least short term congestion ranges, bouncing back from the early Monday highs and lows. EURUSD the corrective bounce is expected to end within the cloud, preferably holding below 1.4398, EURGBP stalling, again, around 0.8950, EURJPY looks like a sell up towards 115.85/116.15,
EM Country Briefing: EM Asia Forecast Update – June
Inflation remains the overriding concern in Asia with the spectre of slowing global growth and an ongoing European debt concerns overhead. So far activity data shows that China is slowing only gradually, but tightening financial conditions in the interbank market could lead to a reduction in lending to businesses.
FX DAILY STRATEGIST: Europe – 24 June 2011
Focus reverts to Greek budget vote on Tuesday, but tensions to persist even if passed. Comments from EU Summit, Chinese Premier Wen may buoy EUR sentiment before then. IEA actions smack of desperate measures, but if oil stays down H2 growth prospects are improved.
FX DAILY STRATEGIST: US – 23 June 2011
FOMC disappoints, Fed becoming more divided? USDJPY looking on slightly firmer ground above Y79.50. EUR back on the skids as growth concerns and absence of risk appetite jump to the fore.
FX DAILY STRATEGIST: Europe – 23 June 2011
FOMC disappoints those looking for stronger balance sheet commitment. USDJPY looking on slightly firmer ground above Y79.50 GBP loses significant ground, but we look for more.
FX DAILY STRATEGY Asia – 23 June 2011
FOMC expresses confidence in growth pick-up; disappoints those looking for stronger balance sheet commitment USDJPY looking on slightly firmer ground above Y79.50 GBP loses significant ground, but we stay short
FX DAILY STRATEGY Asia – 22 June 2011
PM Papandreou and Cabinet win confidence vote; EURUSD to rebound to 1.4500 Norges Bank rhetoric will be important since they were more dovish than expected at the last meeting FOMC to firm up its dovish tone
FX DAILY STRATEGIST: Europe – 21 June 2011
Greek confidence vote to send EUR higher. More work to do on private investor participation to convince investors, ratings agencies. US existing home sales likely to highlight the weak US housing sector, keeping UST yields below 3%.
FX DAILY STRATEGY Asia – 21 June 2011
Events in Greece this week will remain hurdles for a EUR rally Recent hawkish comments from RBA’s Stevens could be further affirmed in this morning’s minutes, propping AUD higher US existing home sales likely to highlight the ill US housing sector, keeping UST yields below 3%