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USD/CHF's strong rally to 1.1412 last week confirms that correction from 1.1416 has completed. Though, Friday's retreat indicates that an intraday top is in place with 4 hours MACD staying below signal line. From a short term angle, initial bias
Highlights The Rescue Package passes, finally; will hope emerge? Credit markets hold the key Major central bank rate decisions next week Key data and events to watch next week The Rescue Package passes, finally; will hope emerge? After an ugly
The EURUSD didn't make a significant movement on Friday. Worse than expected US NFP data help the pair corrected to the upside, topped at 1.3908 but further bullish correction was rejected as the pair closed lower at 1.3772. This fact
The US dollar see-sawed its way through a poor employment report and a volatile equity market transfixed with the financial bailout House vote, finally emerging a little firmer. The weak NFP data produced USD selling initially but within minutes it
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USD and JPY gain on risk aversion; Asian stocks and currencies plummet Forex: USD gapped higher across the board at the start of Monday's Asian session, with perception of greater willingness among global central banks to slash interest rates in
EUR/USD Today's support: - 1.3580 and 1.3553(main), where correction is possible. Break would give 1.3517, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3483. If a strong impulse, we would see 1.3450. Continuation
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Canada Aug. Building Permits (1230) Canada Sep. Ivey PMI (1400) US Fed's Evans to Speak (1600) New Zealand Q3 Business Opinion Survey (2100) Australia Sep. AiG Performance of Construction Index (2230) UK Sep. NIESR GDP Estimate (2301) Japan BoJ Target
Comment : The US dollar gained against nearly all currencies in what must be a desperate move to repatriate all and anything in a desperate bid to shore up crumbling edifices at home. Needless to say the USD is more
The Euro gapped down 112 pips at this week's trading open, opening at 1.3690 against the US Dollar versus Friday's closing price at 1.3802. With Friday's disappointing Non-Farm Payrolls data and market expectations of dramatic interest rate cuts from the
No longer does the 'Monday through Friday, 9-5' cliché refer to those involved in various markets around the globe. Our financial system's woes has forced the weekend into play, making many jobs '24/7'. Weekend news has become prevalent in these
U.S. equities fell Stronger dollar BNP clinches Fortis' Belgian bank arm Danish government guarantee all bank deposits in Denmark Iceland in talks to prevent bank meltdown Today's Main Events
If markets are forced to choose between a known negative and an uncertainty they will favor the negative. The sub-prime debacle and its dire effects on the American financial system have been on full display for more than a year.