Technical Analysis

Flight to Safety to Continue as Data to Show Global Weakness

September 11, 2011
By
Flight to Safety to Continue as Data to Show Global Weakness

August has historically been one of the slowest months in the financial markets, with lower participation rates as many trading desks are closed for weeks at a time during the summer. However, the calendar has turned to September, historically a terrible month for equity markets and risk-appetite in general. This September is shaping up...

Read more »

Euro Plummets to 6-month Low as Greece Default Nears

September 9, 2011
By
Euro Plummets to 6-month Low as Greece Default Nears

Fundamental Headlines • Greece Must Keep Cutting or ‘Probably’ Exit Euro, Flaherty Says – Bloomberg • Germany Said to Ready Plan to Help Banks if Greece Defaults – Bloomberg • Stark to Leave ECB Over Bond-Buying – Reuters • U.S. Demands Action from Europe’s Strongest at G7 – Reuters • Obama’s Bid to Spur...

Read more »

Cautious Optimism For Dollar Index Rally As We Await Confirmation of Bullish Trend

September 9, 2011
By
Cautious Optimism For Dollar Index Rally As We Await Confirmation of Bullish Trend

The Dow Jones FXCM Dollar Index (ticker: USDollar) continues to hold just below the identified falling trend line off February highs. Yesterday’s hefty gains on the back of the euro’s outsize loss after ECB President Trichet’s press conference certainly helped set the index up for a strong close potentially above the trend line. However,...

Read more »

European Central Bank Policy Shift Carries Broader Implications

September 9, 2011
By
European Central Bank Policy Shift Carries Broader Implications

Fallout from ECB rate decision has broader implications Markets looking for coordinated stimulus response Euro approaching critical support level Commodity bloc and emerging market FX at risk going forward Most of the market reaction over the past several hours has been in response to the fallout from the European Central Bank rate decision in...

Read more »

Medium-Term Technical Outlook for Major Currencies and Crosses

September 9, 2011
By
Medium-Term Technical Outlook for Major Currencies and Crosses

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com If you wish to receive Joel’s reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the “distribution” list. EUR/USD: The latest downside pressures have intensified and the market is now looking to establish below next key support at 1.3835. The...

Read more »

Dollar Rallies Sharply as the Risk Drift Stalls, Euro Tumbles

September 8, 2011
By

Dollar Rallies Sharply as the Risk Drift Stalls, Euro Tumbles Euro Has Lost its Interest Rate Prop, Outlook Gloomy British Pound: Sometimes it Pays to be Quiet and Mysterious Canadian Dollar Ready for Volatile Reaction to Jobs Data Australian Stumbles after Employment Data, Opportunities on Some Crosses Swiss Franc Doesn’t Appreciate after Euro Exits...

Read more »

Forex Quotes