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FX Technical Commentary
13.07.2008 23:20
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Euro 1.5895 Initial support at 1.5765 (July 11 low) followed by 1.5692 (July 10 low). Initial resistance is now located 1.5948 (July 11 high) at followed by 1.6019 (Apr 22 high).
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Dollar Flayed As US Mortgage Lenders Come Under Pressure
13.07.2008 23:20
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U.S. Dollar Trading (USD) was sold across the board on Friday as speculation of trouble in the US banking sector reached fever pitch. Freddie Mac and Fannie Mae the two largest mortgage lenders in the US were at one stage down 50% before recovering on comments from the Federal Reserve...
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Daily Technical Analysis
13.07.2008 23:20
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The USDJPY attempted to push lower Friday, but failed to move below key level 105.50. My model is long, targeting 107.15. Immediate support is seen at 105.90. CCI in neutral area on daily chart.
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Will The Dollar Buckle?
13.07.2008 22:13
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Forget microeconomics. The currency market these days is trading almost exclusively on two macro themes. One - are Fannie and Freddie about to cause a systemic collapse of the US financial system? Two - is Iran really trying to provoke a military response from Israel? If the answer to either...
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The Daily Forecaster: USDJPY
13.07.2008 22:12
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This has been exceptionally frustrating with the correction up to 107.42 being much too high within a normal wave development. It does therefore cause me some concern but given the break below 106.24 it does seem to be more in line with an unusual move lower in Wave (c).
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Forex Exchange Morning Report
13.07.2008 22:12
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It was a sadly familiar tale for the US dollar in Friday's NY session, hammered once again on the back of worries over the government-sponsored mortgage giants Fannie Mae and Freddie Mac. FRE opened a staggering 50% below Thursday's close, recovering much lost ground over the session but US equities...
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Eco Data 7/14/08
13.07.2008 13:15
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Weekly Technical Strategist
13.07.2008 13:15
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After a three-day of upside gains convincingly pushed it through the 1.9842/1.5908 zone, representing its Jun 09'08/July 03'08 highs on Friday to end the week wiping out its previous week upside gains,EURUSD is now poised to head towards its YTD high at 1.6018 and possibly break and close above that...
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