| Funding in Dollars
September 14, 2009 at 5:43 am
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| | The yen carry trade was one of the great runs in modern currency history. A long position opened in late in late 2003 and held until mid-2007 appreciated over 30% in capital and could have earned upwards of 7% a year on the interest rate spread. At the trade's height... |
| Weekly Technical Commentary
September 14, 2009 at 1:22 am
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| | Almost the lowest weekly close of 2009, and well below the mid-point of the very broad sideways band that has held all year, suggests a series of repeated downside tests for the rest of this month and maybe the rest of this year. A baptism by fire for the new... |
| IMM Positioning - Speculative Investors Reduce Short GBP/USD Positions
September 14, 2009 at 1:02 am
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| | The dollar has come under renewed pressure during the past week and the DXY dollar index broke below 77 for the first time since September last year. This is also reflected in the IMM data which shows that speculative investors added further to total short USD positions. |
| Weekly Forex Signals: EUR/JPY
September 14, 2009 at 12:32 am
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| | Technical analysis shows the euro may continue its downtrend against Japanese yen as MACD giving us a selling signal by crossing the signal line to MACD line. We have strong supply in the market as stochastic shows us the market movement and Bollinger gives us a bearish signal by closing... |
| Key Data and MPC Testimony Put UK in Spotlight this Week
September 14, 2009 at 12:28 am
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| | Although the Bank of England decided to leave policy unchanged this month, data and events this week are expected to highlight why a further extension of its asset purchase programme remains a strong possibility in November by when the current total of £175bn should be spent (around £146bn to date).... |
| US Economic Indicators Preview
September 14, 2009 at 12:24 am
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| | The consumer price level was stable in July when gasoline prices fell markedly. CPI was down 2.1% from July 2008, which was the largest annual decline for 60 years. In August, gasoline prices went up to the June level again, and CPI could have risen by 0.3% mom (-1.8% yoy).... | | |  |
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