Technical Analysis

Euro Sinks on Trichet’s Dovish Commentary at ECB Press Conference

September 8, 2011
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Euro Sinks on Trichet’s Dovish Commentary at ECB Press Conference

Fundamental Headlines • Dollar, Treasuries Gain Before Obama Speech – Bloomberg • OECD Cuts Global Growth Forecast – Financial Times • Fitch Warns of Downgrades for China, Japan – Reuters • ECB Lowers Growth Forecast – WSJ • Fed Prepares to Act – WSJ European Session Summary The shift to risk-aversion that began in...

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Forex: Euro Weakness To Accelerate, British Pound To Consolidate Further

September 8, 2011
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Talking Points Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric British Pound: BoE Maintains Current Policy, All Eyes On Policy Meeting Minutes U.S. Dollar: Mixed Across The Board, Fed Chairman Bernanke On Tap Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric After holding the benchmark interest rate at 1.50%, the European Central...

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U.S. Dollar Weakness Ahead, Euro Eyes July Low

September 8, 2011
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U.S. Dollar Weakness Ahead, Euro Eyes July Low

DJ FXCM Dollar Index The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.17% higher from the open after moving 64% of its average true range, and the reserve currency may continue to consolidate over the remainder of the week as price action breaks out of the upward trend from earlier this month. In...

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Rallies in Risk Correlated Assets Remain Attractive Sell Opportunities

September 8, 2011
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Rallies in Risk Correlated Assets Remain Attractive Sell Opportunities

Sentiment rally from Wednesday at risk of faltering Commodity bloc and emerging markets exposed to weakness ahead Australian employment report comes out much weaker than expected Fitch warns of potential downgrades to Japan and China Morgan Stanley calls for coordinated central bank intervention this weekend ECB and BOE event risk on tap into North...

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Dollar Index Just Below Key Medium-Term Resistance; Break Looks Imminent

September 8, 2011
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Dollar Index Just Below Key Medium-Term Resistance; Break Looks Imminent

As the Dow Jones FXCM Dollar Index (ticker: USDollar) consolidates its recent run higher in the 9,550-9,650 region we believe that price action in the next few sessions will be decisive in seeing if the index can make a run toward range highs at 9,770. We have identified a medium-term trend line coming off...

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FOREX: Euro at Risk on Expectations of Dovish Turn at ECB

September 8, 2011
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Talking Points Euro May Resume Decline as ECB Moves Away from Hawkish Posture BOE Rate Decision Likely Another Non-Event as Policy Remains on Hold SP 500 Index Futures Accelerating Lower, Promising US Dollar Gains Australian Dollar Falls as Employment Unexpectedly Shrinks in August Monetary policy announcements from the European Central Bank and the Bank...

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