| GBPUSD: A Retarget Of The 1.7041 Level Remains On The Horizon
September 13, 2009 at 6:01 am
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| | With a two-week of upside gains and a hold firmly above its rising MT trendline keeping focus on the upside, GBP looks to catch up with EUR which has since broken higher and resumed its medium term uptrend the past week. We maintain that while the pair trades above its... |
| EURUSD: Poised To Head Further Higher
September 13, 2009 at 5:59 am
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| | Having broken above its strong resistance at the 1.4446 level to resume its medium term uptrend activated of the 1.2456 level, its Mar'09 low, EUR is now poised to head further higher. With that said, we now expect the pair to target its significant overhead resistance standing at the 1.4719... |
| EMU Economic Indicators Preview
September 13, 2009 at 4:28 am
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| | The German ZEW economic sentiment is likely to have remained more or less stable in September. The ifo business expectations and the US ISM manufacturing index have both improved. German yield spreads have widened somewhat and the DAX has improved, too. However, as the ZEW index jumped by more than... |
| Weekly Economic and Financial Commentary
September 13, 2009 at 4:20 am
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| | The Fed's Beige Book now clearly shows the typical progression the economy tends to go through as it moves from recession to recovery. Eleven of the Fed's twelve districts noted economic conditions had stabilized, improved or firmed. Only St. Louis noted a continued decline and even there the rate of... |
| The Weekly Bottom Line
September 13, 2009 at 12:11 am
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| | In a shortened week rather light on economic data a few hopeful signs emerged and at least one cautionary signal also surfaced. The Federal Reserve Beige Book signaled signs of stabilization and improvement throughout the Fed's twelve districts. U.S. jobless claims declined in the week, continuing to point to improvement... |
| This Week's Market Outlook
September 13, 2009 at 12:02 am
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| | Headlines dominated the week and the news was deemed decidedly US dollar negative. Calls from the UN for a new global currency to replace the dollar dovetailed with musings from a top member of the Chinese hierarchy that the country is alarmed by US money printing. If that wasn't enough,... |
| Weekly Focus: Lehman's One Year On
September 13, 2009 at 12:00 am
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| | It is now one year since the collapse of Lehman Brothers, which filed for bankruptcy on 15 September 2008. It has been a year of an historic decline in economic activity and financial chaos. But it has also been a year of positive surprises once the crisis got ring-fenced and... |
| USD Extends Fall, FTSE Closes above 5,000
September 12, 2009 at 11:42 pm
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| | The USD came under renewed selling pressure this week, reacting to a further decline in US 3-month libor and equity market optimism. A fall in the VIX volatility index implied greater demand for higher risk assets. Interestingly, the JPY and CHF outperformed the commodity and high yielding currencies like the... | | |  |
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