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Everyone Thinks the Yuan is Undervalued..Except for China

Subtle title, right? I couldn’t resist, considering that literally all economists and government officials (outside of China, of course) have sounded off on the Chinese Yuan in the last month. Recent additions to this list include President Obama, Ch...
Forex Blog Sat, 21 Nov 2009 06:14:55 +0000

Forex Weekly Trading Forecast - 11.23.09

US Dollar Forecast to Remain Range-Bound versus Euro Euro May Finally See a Breakout Against the Dollar This Week Against Japanese Yen Breakout Looms in Thin, Risk-Driven Trade British Pound Outlook Remains Bearish Ahead of UK GDP Revisions Swiss Franc Loo...
Daily FX Sat, 21 Nov 2009 02:56:44 GMT

Oil Extends its Pull Back as Risk Aversion Looks to Close the Week

Crude extended the sharp reversal sparked yesterday; but the follow through into Friday’s close was far more tempered. This is consistent with the bigger pattern of price action for the past five weeks.
Daily FX Sat, 21 Nov 2009 01:07:59 GMT

FX Technical Weekly

The next US dollar bull leg may be in its early stages. The NZDUSD is the leader, having closed the week 400 pips below its October high. The AUDUSD is testing channel support and could be the next to break.
Daily FX Sat, 21 Nov 2009 00:55:47 GMT

US Dollar Remains in Downtrend Despite Gains - High Event Risk Next Week

•    British Pound Down as Bank of England Likely to Remain Neutral •    Euro Gains Amidst Signs European Central Bank May Wind Down Liquidity Programs •    Japanese Yen Dominates as Equities Fal...
Daily FX Fri, 20 Nov 2009 23:20:22 GMT

Currency Crosses: Technical Outlook

Of note in the world of non-USD crosses is the break of trendline resistance in both the EURGBP and EURAUD. The EURNZD may have put in a secondary low also. The bullish Yen scenario (bearish Yen crosses) presented Wednesday is looking more probable.
Daily FX Fri, 20 Nov 2009 21:43:57 GMT

USD/CAD: Trading the Canadian Retail Sales Report

Private spending in Canada is expected to improve for the second consecutive month in September, with economists forecasting retail sales to increase 0.6% from the previous month, and the data is likely to encourage an improved outlook for the region as po...
Daily FX Fri, 20 Nov 2009 20:14:56 GMT

15:25 (CET) - US market: stocks lower

The main Wall Street indexes are trading lower, after Dell Inc's results came in below expectations. The most affected is the technological Nasdaq, losing 0.60%.
Alerts Feed Fri, 20 Nov 2009 15:33:30 GMT

15:15 (CET) - Crude evolution

The black gold is falling 2.2% right now, trading at 76.36 dollars per barrel at the NYMEX. The perspectives remain to the lower side, with traders focusing on the support at 75.00 dollars. If it gets there, it could revert the trend after a technical...
Alerts Feed Fri, 20 Nov 2009 15:17:34 GMT

14:50 (CET) - GbpJpy

The pair is breaking the support at 147.00 and is getting closer to the double floor at 146.40 yens per pound. The bands of Bollinger show a volatility of 230 pips in the hour, while the RSI is clearly oversold. The Stochastic shows selling signs, right n...
Alerts Feed Fri, 20 Nov 2009 14:54:48 GMT

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