Market Analysis

05/30/2011 - 10:29
Analysts at Credit Agricole claim that the outlook for the single currency versus the greenback this week seems to be negative. As the main reason for the bearish forecast the specialists cited the lingering concerns about woes of euro zone’s periphery. According to the bank, last week the pair EUR/USD managed to recover a bit, though investors still lack confidence in the region. The strategists underlined that there were no positive news to drive euro higher, just the absence of new bad...
05/30/2011 - 09:19
Weekly USD/CHF The general trend for the pair USD/CHF remains strongly bearish. Last week the prices renewed the record minimum at 0.8511. The lines of the Indicator are bending down (1, 2, 3 and 4). The bearish Cloud is wide. Chart. Weekly USD/CHF Daily USD/CHF Tenkan-sen (2) and Kijun-sen (1) formed the “dead cross”. The Ichimoku Cloud is still creating pressure for the pair (3) limiting the advance of the rate. At the same time the prices may find support at the trend support line and move...
05/30/2011 - 09:16
Weekly USD/JPY Last week the prices went down erasing the advance made a week ago and returned to the Standard line that’s once again acting as a support (2). Tenkan-sen went horizontally and is now acting as a resistance (1). The descending Ichimoku Cloud (3) has narrowed, though the bears are still dominating the market. Chart. Weekly USD/JPY Daily USD/JPY At the beginning of the week the prices managed to move a little bit higher, though on Thursday and Friday the rate significantly fell...
05/30/2011 - 09:14
Weekly GBP/USD Last week British pound managed to rise versus the greenback adding more than 150 pips. The Standard line acted as a support (1) and the prices went up breaking though the Turning line (2). The “golden cross” formed by Tenkan and Kijun above Kumo is still in place (3). Chinkou Span has bounced up from the price chart (4) – still a bullish signal. The rising Ichimoku Cloud remains wide (5) that means that the bulls are still rather strong.   At the same time, all lines of the...
05/27/2011 - 11:56
So, EUR/USD went down from the maximums in the 1.5000 area reached at the beginning of May to the 1.4000 zone earlier this week moving within the downtrend. Analysts at Deutsche Bank expect the single currency to lose 5 or 6 big figures more trading versus the greenback. At the same time the specialists underline that euro’s decline will be limited by the 1.3500 level where it’s likely to find firm support that will hold during the weeks ahead. Chart. Daily EUR/USD
05/27/2011 - 11:53
金融时报报道,在预期完成第二轮美联储量化宽松计划前减少美元空头部位。美联储购买债券计划,更多的美元充斥金融体系,将造成美元贬值,并已被广泛作为套利交易中的融资货币。美国货币供应量从2008年8月的$8440亿,在第一阶段量化宽松政策前,增加到$2,3900亿。Standard & Poor’s经济学家认为,在结束量化宽松政策将减轻过去几年对美元的压力,据此观点来看,可能会发生波动补仓的情况:投资者开始购买早起出售的美元,这可能意味着美元跌势将结束。据CME称, 5月17日前一周,投机者美元的空头头寸数量下降80亿美元,到255亿美元,是1月以来的最低水平。UBS专家指出,养老基金投注额下降。银行认为,美元将上升,因为美联储决定结束量化宽松,减少利差交易,以及恢复美元计价的亚洲中央银行和储备基金信心。Bank of Tokyo-Mitsubishi UFJ分析师强调,投资者对美国国会未能通过提高债务限额而感到担心 。正因为如此,由于对欧元区的债务危机的担忧,投资者风险偏好正在下降,安全货币需求正在增长,如日元,瑞士法郎和美元——预计未来几个月内,这些货币将得到加强。与此同时,...
05/27/2011 - 10:16
Former European Central Bank Chief Economist Otmar Issing, who worked in the ECB from 1999 till 2006, came up today with rather tough comments about Greece. According to him, the nation managed to enter the euro zone using deception. Issing says that the current crisis occurred due to the lack of monitoring and the absence of adequate sanctions for the violation of the currency union’s rules. In his view, the euro area could have avoided the turmoil if the required efforts were made. The...
05/27/2011 - 09:25
The single currency has recovered from Monday’s minimum at 1.3970 to the levels above 1.4200 trading versus the greenback. Technical analysts at Commerzbank regard the upward move of the pair EUR/USD as correction, though they expect euro to climb a little higher before failing at 1.4340/65 or 1.4570 representing 38.2% and 61/8% Fibonacci retracement. According to the bank, the general outlook remains bearish. The European currency is poised down to 1.3770 (38.2% retracement of the pair’s...

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