Euro Briefly Spikes as Japan Signals Intention to Buy Euro-Zone Bonds

Euro Briefly Spikes as Japan Signals Intention to Buy Euro-Zone Bonds The Euro spiked after Japanese Finance Minister Noda said that it is appropriate for Japan to buy bonds to support Ireland. Noda said that Japan will use its foreign exchange reserves to buy about 20% of the bonds to be issued by the Euro-Zone. [...]

US Dollar/Japanese Yen Forecast to Continue Rally

US Dollar/Japanese Yen Forecast to Continue Rally A sharp correction in Euro/US Dollar FX Options sentiment gives us pause to our previously bearish and warns against taking aggressive bets on Euro weakness. Yet our US Dollar/Japanese Yen forecast remains intact, and we accordingly continue to call for gains. Read more on Daily FX via Yahoo! [...]

USD/CAD Buy Recommendation Issued @0.9835; Plenty of Upside Ahead

USD/CAD Buy Recommendation Issued @0.9835; Plenty of Upside Ahead Despite some early downside pressure in Asian trade on Monday, the Euro managed to quickly shrug off the multi-month low by 1.2875 before bouncing impressively back above 1.2900. The bounce was impressive because late Sunday headlines in which France and Germany were seen putting pressure on [...]

Euro Declines Stall Out for Now After Market Posts First Positive Close in 2011

Euro Declines Stall Out for Now After Market Posts First Positive Close in 2011 Despite some early downside pressure in Asian trade on Monday, the Euro managed to quickly shrug off the multi-month low by 1.2875 before bouncing impressively back above 1.2900. The bounce was impressive because late Sunday headlines in which France and Germany [...]

Swiss Franc May Strengthen Through Short Term

Swiss Franc May Strengthen Through Short Term USDCHF – The ratio of long to short positions in the USDCHF stands at 2. 33 as nearly 70% of traders are long. Yesterday, the ratio was at 2.29 as 70% of open positions were long. In detail, long positions are 2.2% lower than yesterday and 0.1% weaker [...]

Indian investors can trade in global indices soon

Indian investors can trade in global indices soon MUMBAI: Indian investors can start trading in large indices of 24 exchanges worldwide within a month, following market regulator Sebi’s approval for the same. Read more on The Hindu

GBP/USD Classical 01.11

GBP/USD Classical 01.11 GBP/USD: The market remains under pressure and now seems poised for a retest of the platform base from early September at 1.5295. Daily studies are however in neutral territory so we would not rule out the possibility for more of a bounce towards the 1.5700 area over the coming sessions from where [...]

EUR/CHF Range Signals Bearish Potential

EUR/CHF Range Signals Bearish Potential The Euro was buoyed by a pledge of support by Japan for the region’s debt ahead of the first bond auctions from Portugal, Spain and Italy-the next three countries in the market’s crosshairs. Read more on Daily FX via Yahoo! Finance

Canadian Dollar Continues to Diverge from Commodity Bloc Cousins

Canadian Dollar Continues to Diverge from Commodity Bloc Cousins There have not been a whole lot of developments on the fundamental front in recent trade and we will take the opportunity to go over broader price action which should hopefully do a good job of bringing you all up to speed. Read more on Daily [...]

An Overbought GBP/USD Could Present Scalping Opportunity

An Overbought GBP/USD Could Present Scalping Opportunity The GBP/USD extended its recent rally today as the Pound continues to find support from rising yield expectations. Read more on Daily FX

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