http://forexclubonline.blogsome.com Just another WordPress weblog Wed, 09 Jul 2008 04:55:15 +0000 http://backend.userland.com/rss092 en The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen. The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on ... http://forexclubonline.blogsome.com/2008/07/09/yen-stronger-on-retreat-from-risk/ Federal Reserve Chairman Ben Bernanke has the market guessing about whether interest rates will be increased this year. His comments this morning about increasing the duration of emergency lending to investment banks reduces the chance that borrowing costs will rise. Take a look at the recent comments from Fed and ... http://forexclubonline.blogsome.com/2008/07/09/federal-reserve-vs-european-central-bank-who-is-the-least-hawkish/ Back to Square One Market Overview The anticipated euro dollar break out wasn’t to be and the market has dropped back into the centre of a range. Whilst the dollar bear story has clearly weakened in the short term, the risk over the long term remains to the downside and, after what ... http://forexclubonline.blogsome.com/2008/07/09/fx-technical-strategy-weekly-back-to-square-one/ The Euro is recovering today after yesterday’s sell-out session, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, today’s will be a consolidation session: “Recovering from the bottom of the Ichimoku ‘cloud’ and we expect the Euro to hold above the top of the cloud today. Expect nervous ... http://forexclubonline.blogsome.com/2008/07/08/p667/ The Euro has gained positions against the Dollar in today’s European session, according to Valeria Bednarik, analyst at MolFX management, breaking a descendant trendline: “Eur/Usd is right now at 1.5735, with bullish signals in 4 hours charts, breaking a descendant trend line; however the pair needs to break above 1.5760 ... http://forexclubonline.blogsome.com/2008/07/08/eurusd-the-euro-shows-bullish-signals/ US Treasuries profit from safe haven buying Ongoing weakness in equities, this time on a Lehman report about Fannie and Freddie, supports Treasuries. The curve steepens in bullish fashion. All Treasury maturities are now at crucial resistance levels that if broken would improve the technical picture. The calendar is again ... http://forexclubonline.blogsome.com/2008/07/08/renewed-credit-concerns-block-dollar-rebound/ The U.S released its pending home sales for the month of May coming in at -4.7% worse than both the expected reading of -3.0% and the prior reading of 6.3%. While the wholesale inventories came in at 0.8% slightly better than the expected 0.7% but still lower than the previous ... http://forexclubonline.blogsome.com/2008/07/08/usd-grabs-attention-as-it-gains/ Today’s Comment Majors & Scandies Risk aversion weighed heavily on the Asian stock markets following slides in the major US stock indices. It was the financial shares in particular that took the hardest blow, as funding concerns kicked in once again after a Lehman Brothers research report said that a pending accounting ... http://forexclubonline.blogsome.com/2008/07/08/markets-slid-on-funding-concern/ Overnight data failed to surprise the markets as major releases fit neatly within established themes already priced into the majors. Markets will be jittery into the US session as traders await Fed Chairman Ben Bernanke’s speech at the FDIC forum. Bernanke has recently used such events to talk up inflation ... http://forexclubonline.blogsome.com/2008/07/08/euro-open-will-bernanke-send-dollar-higher-once-again/ U.S. Dollar Trading (USD) with little data out today the Dollar took its cue from stocks and commodities. Initial speculation that the G8 would try to tackle the high cost of oil buoyed the Dollar during the Asian and European sessions before reversing on US stock weakness. More concerns ... http://forexclubonline.blogsome.com/2008/07/08/weak-stocks-reverse-dollar-gains-as-risk-aversion-spikes-higher/