Market Analysis

05/02/2011 - 10:09
Weekly USD/JPY Last week the pair’s decline continued. The prices approached the Standard line that may provide support for the pair. All lines of the Indicator go sideways that points at the flat. It’s necessary to note that Tenkan-sen and Kijun-sen have merged together (1) in the horizontal state that means that the horizontal move is very powerful. The prices will likely move sideways between the Standard line and the Ichimoku Cloud (2). Chart Weekly USD/JPY Daily USD/JPY As it was...
05/02/2011 - 10:05
Weekly GBP/USD On the weekly chart GBP/USD we see an uptrend (1, 2, 3 and 4). All lines of the Indicator are directed upwards. The “golden cross” formed by Tenkan and Kijun (5) above Kumo is still in place. The bulls remain strong. The Turning line will act as support. Chart. Weekly GBP/USD Daily GBP/USD On the daily chart the short-term Tenkan-sen and Senkou Span “A” are directed upwards (1, 2), while the longer term Kijun-sen and Senkou Span “B” go horizontally. The “golden cross” is...
04/29/2011 - 14:59
US dollar fell to the record minimum versus Swiss franc at 0.8644 on the hawkish comments of Swiss National Bank president Philipp Hildebrand. The SNB’s head said that rising oil and commodity prices begin generating inflationary risks. According to the policymaker, Swiss economy was growing more vigorously than expected even despite the strength of the franc. Switzerland's leading growth barometer, the KOF, unexpectedly rose from 2.25 in March to the maximal level since August 2006 at 2.29 in...
04/29/2011 - 13:54
HSBC: RBA将会在7-8月提高利率 HSBC的经济学家认为,由于通货膨胀上升,澳洲储备银行将在七月和八月提高利率。专家指出,该国的价格长涨,主要是由于租金和电力价格上涨,通货膨胀的压力不但不能软化甚至助长澳元。在2011年的前三个月,在澳大利亚的消费物价较上一季度上升1.6%,取得了自2006年以来最大增幅。 据HSBC,增加的融资成本的同事,当局将主要依靠持续的就业增长和在营商环境中信心的增加。 澳大利亚财政部长斯万表示,强硬的汇率反映出了:澳大利亚和劳动力市场的宏观经济指标的改善,健全的公共财政和高商品价格。 此外,澳元的升值刺激着美国经济的不利数据:美国国内生产总值第一季度仅1.8%(预测 — 1.9%,之前为 — 3.1%)。预计RBA将提高利率将早于美联储。 AUD/USD本周上涨了1.5%,这个月上涨了5%。昨天,澳大利亚突破了自由浮动汇率制开始以来的最高水平1.0948美元。今天,由于投资者对风险的情绪恶化,澳元已经丢失了几个位置,而MSCI Asia Pacific Excluding Japan Index指数下跌0.6%。 
04/29/2011 - 12:44
Analysts at Phoenix Capital, the independent investment bank, think that the third round of the quantitative easing in the United States is inevitable. In their view, taking into account the potential threats associated with the euro zone’s debt problems, tensions in the Middle East and Japan nuclear disaster, the removal of Federal Reserve’s liquidity would trigger the massive systemic crisis. According to the specialists, the Fed won’t tempt the fate taking such risks. In addition, US central...
04/29/2011 - 11:32
Analysts at J.P. Morgan believe that though it may seem that the greenback has become too cheap, structural changes in the global economy and, primarily, in emerging-market and commodity-producing countries may pull dollar even lower. The mentioned changes will influence such variables as terms of trade, inflation and interest rates and, as a result, lower US currency’s long-term fair value. The economists note that if US huge debt and deficits aren’t decreased, this will affect capital flows...
04/29/2011 - 10:35
Technical analysts at Commerzbank believe that the further advance of the pair EUR/USD will be limited by the recent maximums in the 1.4845/82 area (September 2008 and 2009 maximums, yesterday’s high). According to the specialists, the single currency may dip to the support levels at 1.4733 (4-month support line) and 1.4720 (December 2008 maximum). If euro manages to overcome 1.4845/82 levels, it will get chance to climb next week to 1.4956/1.5000. Chart. Daily EUR/USD
04/29/2011 - 10:11
Economists at HSBC claim that the surging inflation will force Reserve Bank of Australia to raise interest rates in July or possibly in August. The analysts note that inflation is accelerating due to rising rents and electricity prices even though Australian dollar’s rate is strong. Consumer prices in Australia added 1.6% in last quarter from the previous three months showing the biggest advance since 2006. The specialists project that while increasing the borrowing costs the country’s...

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