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The Labor Market Is Far From Out of the Woods
Written on 7 Jan, 2011 at 21:11 in Fundamental Analysis Reports | viewed 11,690 views times and users have made 0 comments so far
With 2010 ending on a bright note, it is easy to become overly optimistic on the U.S. economy. To be certain, there has been a great deal of uplifting economic news in recent weeks. The unemployment rate tumbled a surprising... (Continue reading)
Asian market wrap: Early flurry fails to trigger EUR/USD stops
Written on 7 Jan, 2011 at 19:23 in Technical Analysis Reports | viewed 11,683 views times and users have made 0 comments so far
There was a bit of early activity in the EUR/USD after a weak close in NY at 1.3000. Two big European players tried to trigger stops below 1.2960 but were thwarted mainly by Sovereign bids at 1.2965/70. The market jumped... (Continue reading)
Turkey: dramatic rebound in economic growth
Written on 7 Jan, 2011 at 18:30 in Fundamental Analysis Reports | viewed 11,116 views times and users have made 0 comments so far
We present an updated outlook on the Turkish economy taking into account the latest economic releases for Q4 in 2010. The Turkish economy has experienced quite a dramatic rebound in economic growth. In Q2 10 the economy expanded 10.3% y/y... (Continue reading)
USD in the Spotlight; Euro and Precious Metals Fall
Written on 7 Jan, 2011 at 18:24 in Technical Analysis Reports | viewed 11,078 views times and users have made 0 comments so far
The Forex market came back to full force this week and drove the USD in anticipation of better economic form the US, the most important one being the Non-Farm payroll. The market stalled before this important release for the USD... (Continue reading)
Chart of the Day – EUR/USD
Written on 7 Jan, 2011 at 16:46 in Technical Analysis Reports | viewed 351 views times and users have made 0 comments so far
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in...... (Continue reading)
All correlations off, get ready for the fun!
Written on 7 Jan, 2011 at 15:28 in Fundamental Analysis Reports | viewed 245 views times and users have made 0 comments so far
Inflation numbers ahead Inflation for December will be released across the CEE region next week. We expect Czech inflation to surprise on the downside compared with consensus and ease slightly to 1.9% y/y in December, down from November's 2.0% y/y.... (Continue reading)
AUD: ‘broadening triangle’
Written on 7 Jan, 2011 at 15:14 in Technical Analysis Reports | viewed 229 views times and users have made 0 comments so far
Comment: The large and highly unusual ‘broadening triangle’ has propelled prices to our first measured target at 1.0200. From overbought the RSI is now neutral so we shall hope that the 9-week moving average and trendline support hold. Allow for... (Continue reading)
Strong Norwegian Data in November
Written on 7 Jan, 2011 at 15:10 in Fundamental Analysis Reports | viewed 231 views times and users have made 0 comments so far
Data released today showed a stronger than expected increase in retail sales in November. The seasonally-adjusted volume index of retail sales – excluding motor vehicles and petrol – increased by 1.8% from October 2010, well above consensus expecta...... (Continue reading)
Technical Summary for Majors
Written on 7 Jan, 2011 at 15:02 in Technical Analysis Reports | viewed 262 views times and users have made 0 comments so far
EUR/USD Final push through key 1.2968 support has so far seen 1.2934, ahead of 1.2920/18, Aug/Sep 10 highs and 1.2795, 61.8% retracement of the broader 1.1875/1.4280 uptrend. Bounce higher is for now seen capped by 1.3054/80, while lift above 1.3130/70...... (Continue reading)
Currency Majors Technical Perspective
Written on 7 Jan, 2011 at 14:59 in Technical Analysis Reports | viewed 219 views times and users have made 0 comments so far
EUR/USD Current price: 1.2969 View Live Chart for the EUR/USD Despite US employment data did not meet expectations, as the economy “only” created 103K new job positions against 150K expected, previous month number was revisited to the upside, while...... (Continue reading)