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| U.S Dollar: Short Term Rebound
September 28, 2009 at 5:30 am
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| | The recovery remains mild for now in the United States and in Europe, as unemployment is high and saving is increasing. The Euro is at important resistance lines against the U.S. dollar. A corrective move is possible, but the long-term trend stays bullish. |
| Weekly Technical Commentary
September 28, 2009 at 5:22 am
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| | One of the lowest weekly closes this year sent the dollar tumbling against the Yen in Asia this morning. This month we expect a test of the 87.00 area, a level that held miraculously in December and again in January. The bounce from today's low at 88.23 is impressive, but... |
| Is the Fall in Sterling Good or Bad News?
September 27, 2009 at 11:20 pm
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| | Judging by the fevered headlines surrounding the fall in the UK's exchange rate over the past couple of weeks, one might imagine that sterling was on the verge of a currency crisis. We argue that it is not. We examine the reasons for the recent decline in the UK currency... |
| US Job Losses are Expected to Moderate Further
September 27, 2009 at 11:13 pm
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| | Further signs of economic recovery are expected this week, but we are still at the early stages and very stimulative policy measures remain in place. In the UK, a weaker sterling, such as we have seen in the past week, is a necessary prerequisite for a structural rebalancing of the... |  |
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