Poslano Nedelja, 26th April 2009 od admin
Euro Rebounds Along with Better Fundamentals
The Euro pared its losses from last week. The market had been
pressuring the Euro-zone currency partly due to uncertainty in
the ECB regarding their next move. Stock markets had a rough
start, but stabilized and rebounded to end the week. This was
the main driver to many crosses which are in choppy trending
channels. [...]
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Poslano Petek, 17th April 2009 od admin
Euro Falls Despite Risk Appetite; AUD, NZD Falls on China’s
Sluggish Growth
The Euro had another poor week, losing to the pound and greenback
. The correlation with risk appetite was apparently broken for
this week because even though stocks rallied, the Euro struggled
. The Australian and New Zealand Dollars also took a hit from the
release of China’s poor [...]
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Poslano Petek, 10th April 2009 od admin
ECB joining the Quantitative Easing Rhetoric
Last Thursday, although economists had expected a 50bp-cut, ECB
only cut 25bps. Meanwhile, speculation has been increasing that
the bank will soon have to move to tools outside of the interest
rate policy, namely quantitative easing. This Thursday, ECB
council member Nowotny announced that rates would likely go
below 1.00% (1.25% at the moment), and [...]
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Poslano Sobota, 4th April 2009 od admin
Risk Appetite Extended after G-20 Summit
Stocks worldwide started the week on a bad note, but didn’t take
long to revive last week’s risk appetite. There is a growing
sense that the recession bottom is nearing. Also, the G-20
summit brought a joint resolution to create a $1 trillion fund
for the IMF, which would give emerging economies a booster [...]
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Poslano Petek, 27th Marec 2009 od admin
US Economy Sees Improved Fundamentals
There was a sense of optimism on Wall St. and equity markets
globally this week. Geithner detailed the US Treasury’s plans to
buy up “toxic” assets in the continuing effort to relieve banks’
troubled balance sheets without nationalizing them. Markets
reacted well to his statements to begin the week. As far as
economic data, the US [...]
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Poslano Petek, 20th Marec 2009 od admin
USD/CAD Ends up Completing Head and Shoulder; 1.3000 Holds
There was a rally towards 1.3000 in February. Price action halted
at this resistance and developed a possible head and shoulders
with a break of the neckline ahead of the FOMC announcement.
This was a clue that the market was ready to reverse itself. But
only the clean break and inability [...]
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Poslano Sobota, 14th Marec 2009 od admin
Another Round of Bulls vs. Bears
Fundamental releases around the world continue to worsen and risk
aversion still grips market sentiments. This week, there was a
jolt of risk appetite mid-week as China hinted at a very
aggressive fiscal stimulus in order to maintain a 8% annual
growth rate, a very optimistic target as China is facing what
Prime Minister Wen [...]
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Poslano Sobota, 7th Marec 2009 od admin
Another Round of Bulls vs. Bears
Fundamental releases around the world continue to worsen and risk
aversion still grips market sentiments. This week, there was a
jolt of risk appetite mid-week as China hinted at a very
aggressive fiscal stimulus in order to maintain a 8% annual
growth rate, a very optimistic target as China is facing what
Prime Minister Wen [...]
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Poslano Sobota, 21st Februar 2009 od admin
Deepening Global Recession
This week was very much a continuation of last week and really
just another step in the worsening global recession. Last week
saw the US DJIA fall below a critical support at 8000. This week
saw the index remain below this mark. Also to start the week,
Eastern European bank losses stirred risk aversion, which was
reflected by [...]
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Poslano Sobota, 21st Februar 2009 od admin
<strong>Deepening Global Recession</strong>
This week was very much a continuation of last week and really
just another step in the worsening global recession. Last week
saw the US DJIA fall below a critical support at 8000. This week
saw the index remain below this mark. Also to start the week,
Eastern European bank losses stirred risk aversion, which was
reflected by [...]
Objavljeno v Forex Analiza | Komentarji (0)
