Currency Flows Dominate Capital Market Sentiment
Macro flows into and out of the US dollar continued to control capital movement during the week. Riskier assets such as commodities and equities gyrated as investors were pushed and pulled as the currency markets fluctuated. Market participants continued to focus on the need for a potential re-structuring of Greek debt, which has widen peripheral [...]
Risk Returns to the Capital Markets
Riskier assets gained traction and were able to perform well during the majority of the past week. Equity markets, along with commodities lead the charge higher and pushed commodity oriented currencies higher as well. Commodity prices on precious metals also made new all time highs, specifically in Gold and Silver. The Euro and the Australian [...]
USDCHF taking breath before another go at 1.0700
USDCHF moved very nicely towards 1.0700 but was unable to break that level and is currently taking some breather. It seems that USDCHF will make another attempt towards 1.0730 level and if USDCHF manages to break above that level, then we will be looking at USDCHF moving towards 1.0850 level. On the lower side, the [...]
EURUSD all set for a dip below 1.3500
EURUSD is in full momentum to break below 1.3500 and then target 1.3410 level during this week. Looking at the current move, there will not be many traders, especially intra-day traders that will look t buy EURUSD at the moment. Mostly traders will look to sell, especially if EURUSD takes a bit of retracement and [...]
EURUSD getting ready for a dip
EURUSD was traded sideways with low volume for couple of days and its RRI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level. A good selling level is present just around 1.3680 and EURUSD already touched it one [...]
USDJPY looking to break the tight range
USDJPY is being traded in a tight, sideways trend and it seems that it is approaching a point where it is ready to break to a side and form a trend. The first focus level is at 90.40 and break of this will take USDJPY towards 93.00 level but it seems that it might not [...]
USDJPY being traded in tight range
USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level. Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to [...]
USDCHF looking to complete its retracement
USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level. On the [...]
Euro loses out further to the Dollar
Thursday, 21 January, 2010 Owing to the ballooning debt crisis in Greece, the Euro has further slid against the Greenback. The Euro has been trading at a reported 5 months low at 1.4058. With no respite to the crisis in sight, the performance of the Euro was further bogged down by the Chinese data released [...]
Euro Loses it ground to the Dollar
Wednesday, 20 January, 2010 The Euro is under pressure against the dollar with former losing out from 1.4580, to levels below 1.4200, a reported 5-week low. Early morning trading in London dropped to $1.4199 from $1.4288 in American markets yesterday. The fiscal debt crisis in Greece worsens day by day and following Moody’s A2 debt-rating, [...]
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