Technical Analysis

Dollar Jumps to Five Month High and Promptly Stalls

September 13, 2011
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Dollar Jumps to Five Month High and Promptly Stalls Euro Fundamental Outlook Deteriorating at an Accelerated Pace British Pound Keeps its Connection to the EU, Looks to CPI Swiss Franc Won’t Separate from 1.20 Against the Euro New Zealand Dollar: Will the RBNZ Decision put back 50bps? Australian Dollar Continues Slide Despite Risk Recovery...

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Rallies in Risk Assets Not to be Confused with Rallies in Sentiment

September 13, 2011
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Rallies in Risk Assets Not to be Confused with Rallies in Sentiment

Rally in risk correlated assets has very little behind it China could come to the rescue of Europe yet again New Zealand Dollar at risk for pullback on bearish official comments Aussie also showing potential for relative underperformance following softer data Dallas Fed Fisher sounding more balanced and less hawkish than usual While we...

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Consolidation is the Name of the Game for the Dollar Index

September 13, 2011
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Consolidation is the Name of the Game for the Dollar Index

Yesterday’s topside break above range highs was the latest in a series of steps by the Dow Jones FXCM Dollar Index (ticker: USDollar) to move away from the range bound trade that has dominated proceedings for several months. The failure to close above the range highs does leave the doorway open for the possibility...

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Euro Declines Intesify in Early Week Trade; Sell Rallies

September 12, 2011
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Euro Declines Intesify in Early Week Trade; Sell Rallies

Euro established below critical support; strengthens bearish case G7 fails to provide any firm guidance on Eurozone crisis Talk of downgrades to French banks over the weekend Markets are in a state of unrest and remain under intense pressure into the new week following a series of negative developments which culminated with the legitimate...

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Dollar Index Races Higher On Euro Collapse; 10K Provides Topside Target

September 12, 2011
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Dollar Index Races Higher On Euro Collapse; 10K Provides Topside Target

All signs now point only one way; UP. The Dow Jones FXCM Dollar Index (ticker: USDollar) made hefty gains on Friday to close the week sharply higher as the euro collapsed across the board with the market speculating that a Greek default is imminent. With Greece seemingly unable to meet the conditions of its...

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US Dollar-Gold Correlations Still Strong Despite Gold Volatility, Looks to Europe

September 12, 2011
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US Dollar-Gold Correlations Still Strong Despite Gold Volatility, Looks to Europe

The following table includes the correlation between gold and the most popular currency pairs over various timeframes. A value close to +1 indicates a strong positive relationship between gold and the pair, while a value close to -1 indicates a strong negative relationship. Colored values indicate week-to-week changes of over 30%. ——————————————————————————————————————————— Last week’s...

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