Market Analysis

05/20/2011 - 12:09
Analysts at Mizuho Corporate Bank note that during the last 5 days British pound was trading sideways versus its US counterpart getting support from the daily Ichimoku Cloud and Fibonacci retracement levels. The specialists say that the outlook for the pair GBP/USD will become bullish if it closes the week above 1.6350. Chart. Daily GBP/USD Economists think that euro’s advance is temporary. In their view, upward move of the pair EUR/USD will be limited by concerns about the possibility of debt...
05/20/2011 - 11:43
Analysts at Bank of Tokyo-Mitsubishi UFJ think that US dollar’s recent uptrend versus Japanese yen may continue. In their view, the trade may shift higher to the range between 81.00 and 82.50. The specialists note that USD/JPY may be encouraged by the better-than-expected American economic data as it was yesterday when the nation’s economy posted only 409,000 initial jobless claims during the week before May 14, down from 438,000 the week earlier. As there is not much selling pressure from...
05/20/2011 - 10:53
Commonwealth Bank of Australia conducted survey among Australia’s small and medium companies. The nation’ exporters think that by September Aussie will reach maximum at $1.16. In their view, their position is very unfavorable as this level is situated 25% above the mark when they lost price competitiveness. The survey showed that 48% of Australian exporters are going to hedge their currency exposure over the next 3 months selling A$5 million ($5.3 million)-A$500 million a year. Australia’s...
05/20/2011 - 10:02
Technical analysts at Gaitame.com Research Institute expect British pound to drop to the minimum since April 1. The specialists claim that the trend line from January 7 to March 28 minimum might have limited sterling’s upward momentum as it went lower. Moreover, Gaitame.com underlines that the pair GBP/USD is currently below its 20- and 60-day MA. As a result, the analysts conclude that bullish trend is wearing off and the pound will get weaker for some time. According to Gaitame.com’s forecast...
05/20/2011 - 09:31
Technical analysts at Commerzbank note that the greenback is testing Fibonacci resistance at 81.85 trading versus Japanese yen. In their view, the pair USD/JPY will be limited on the upside the 100-day MA at 82.25. The specialists are looking for dollar’s consolidation ahead the next move up to 200-day MA at 82.77. If US currency manages to rise above this level, it will be poised up to the key resistance of the 4-year downtrend at 84.49. According to the bank, if the pair declines, it will...
05/19/2011 - 17:25
Goldman Sachs货币分析师认为美国经济成长展望不佳, 因而调降美元价位预估,以及日元和英镑。该银行认为,美联储直到2013年都将不会提高利率。据专家介绍,3个月后美元将跌至1.45美元,6个月至1.50,而一年后则将贬至1.55。此外,Goldman Sachs预测USD/JPY  3个月后预估价位,亦由原先预期的84日元下修至82日元,而对12个月后的评估 则为 从90至86日元。GBP/USD已从1.79美元升至1.85美元。分析家指出,美国经济增长前景远不如世界许多其他国家,因为美国面临许多挑战,特别是高失业率,疲软的不动产市场和即将进行的财政整顿。因此,投资者没有足够的信心,长期投资美国经济。从一开始,美国的货币对欧元汇率下跌6.4%,而美元指数下跌了4.9%。美国第一季度国内生产总值显示为2.3%,低于欧洲2.5%和中国9.7%的年增长率 
05/19/2011 - 12:12
Canadian dollar keeps strengthening against US dollar helped by the advance of crude oil price that has reached $100 a barrel. Raw materials including oil account for about half of Canada’s export revenue. The pair USD/CAD fell from 0.9792 on May 17 to the levels in the 0.9665 area today. Strategists at UBS claim that Canada’s central bank isn’t in the mode of raising the borrowing costs yet. In their view, loonie will fall to C$1.05 versus its American counterpart by the end of the year. The...

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