User Name: Password:      Register - Lost password?

Forex Research

Return to Forex Trading Home Page


Forex Market Commentary and Analysis (31 December 2004)
GCI Financial Friday December 31, 2004 - 15:15:02 GMT



The euro managed to hold its head above the US$ 1.3600 figure for most of the trading day but the single currency stopped just short of establishing a fresh lifetime high. The pair was capped around the $1.3660 level and traded around the $1    More...



New Year dollar test
INVESTICA Ltd Friday December 31, 2004 - 11:17:29 GMT

Dollar confidence will remain weak with persistent concerns over the current account deficit. The weak Chicago PMI index will also increase unease over the although growth and yield indicators should still be dollar supportive. Some profit taking on long Euro positions and low trading levels should offer the dollar some relief today, but with the risk of more aggressive dollar selling early in 2005  More...    More...


Forex: General Market Conditions 31st December 2004
FX-Strategy Friday December 31, 2004 - 00:38:49 GMT

We come to the end of the week, month and year with the Dollar making new lows across the board and broadly in line with the bearishness we have maintained for the past few weeks. We do feel this is not too far away from a larger Dollar low but there is still some to go and there should be further weakness demonstrated today - probably within fairly illiquid markets  More...    More...


Forex Market Commentary and Analysis (30 December 2004)
GCI Financial Thursday December 30, 2004 - 16:16:48 GMT



The euro notched modest gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3635 level and remained supported around the $1.3575 level. North American dealers pushed the pair to intraday highs, triggering some minor stops above the $1  More...    More...



New Year attack on the dollar?
FX Today Thursday December 30, 2004 - 15:19:04 GMT

The Chicago PMI report was disappointing with a decline to 61.2 in December from 65.2 in November and the employment component fell to below 50. This will increase the risk of another near-term attack on 1.3650. Given weak sentiment, the most likely outcome is also that the markets will try to sell the US dollar aggressively early next week, but it is best not to get involved given the risk of a sharp correction.    More...


FX Thoughts - Evening - 30/12/04.......1221 GMT
FX Thoughts for the Day Thursday December 30, 2004 - 12:34:06 GMT

We are not touching on any other currency pair apart from EUR-USD and EUR-JPY.

Wish each and everyone a very HAPPY NEW YEAR!

Euro @ 1.3606/09....Maybe 1.3675, maybe 1.3550
-----------------------------------------------
R: 1  More...    More...



Euro buying on dips
INVESTICA Ltd Thursday December 30, 2004 - 11:18:14 GMT

Underlying dollar sentiment will remain weak and there will be speculation over aggressive dollar selling early in January. There is also likely to be underlying Euro buying on dips. In particular, any near-term dollar recovery through 1.35 is likely to be met by selling pressure  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar 30th December 2004
FX-Strategy Thursday December 30, 2004 - 00:56:34 GMT

Price: 1.3599

Resistance: 1.3622 ... 1.3642 ... 1.3672 ... 1.3692
Support....: 1.3577 ... 1.3555 ... 1.3518 ... 1.3475

Bias: While the 1.3575-80 area supports there remains a chance of a direct rally else a move down to 1  More...    More...



Forex Market Commentary and Analysis (29 December 2004)
GCI Financial Wednesday December 29, 2004 - 14:58:30 GMT



The euro briefly established a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers just below the US$ 1.3650 level before erasing gains and moving below the $1.3600 figure. Stops were reached below the $1  More...    More...



FX Thoughts - Evening - 29/12/04.......1221 GMT
FX Thoughts for the Day Wednesday December 29, 2004 - 12:34:55 GMT

Euro @ 1.3604/7....Potential for 1.37+
---------------------------------------------
R: 1.3640-48 / 1.3685 / 1.3705
S: 1.3614-06 / 1.3578-69
The Euro has not moved up in the European session so far today and the morning reading holds  More...    More...



Swiss index causes concern
INVESTICA Ltd Wednesday December 29, 2004 - 11:16:33 GMT

The interest rate trends will tend to weaken the franc slightly, especially after the disappointing KOF index figure today, but there is likely to be franc support close to the 1.55 level against the Euro and overall selling pressure should ease slightly. The dollar will remain vulnerable to speculative selling pressure, but there is little immediate value in short dollar positions below the 1  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar 29th December 2004
FX-Strategy Wednesday December 29, 2004 - 00:46:57 GMT

Price: 1.3620

Resistance: 1.3639 ... 1.3678 ... 1.3692 ... 1.3724
Support....: 1.3581 ... 1.3567 ... 1.3550 ... 1.3522

Bias: We continue to look for 1.3567-1.3581 to support to generate a rally to 1.3672-92 before a larger pullback

Bullish: Sideways consolidation with only a marginal new high did not clarify the picture yesterday and as we write the Euro has dipped to the 1  More...    More...



Forex Market Commentary and Analysis (28 December 2004)
GCI Financial Tuesday December 28, 2004 - 14:30:49 GMT



The euro extended recent gains vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3640 level, right around a fresh lifetime high for the pair. Traders are taking advantage of significantly reduced liquidity by putting the pair where they want it to trade, especially with some sell-side London players still on holiday until tomorrow  More...    More...



Time for caution
FX Today Tuesday December 28, 2004 - 13:42:08 GMT

The dollar has remained under pressure, weakening to lows near 1.3650 against the Euro. Selling pressure could certainly persist and it is difficult to see where dollar buying will come from, but the net risk suggest that dollar selling beyond 1.3650 is too dangerous.    More...


FX Thoughts - Evening - 28/12/04.......1204 GMT
FX Thoughts for the Day Tuesday December 28, 2004 - 12:43:29 GMT

Euro @ 1.3624/7.....Potential for 1.3775?
------------------------------------------
R: 1.3643-54 / 1.3704 / 1.3773-87
S: 1.3620 / 1.3595-70 / 1.3547-21
Should the Euro rise past 1.3650 now, it might have potential to rise towards 1  More...    More...



Caution required over dollar selling
INVESTICA Ltd Tuesday December 28, 2004 - 10:59:10 GMT

Underlying dollar sentiment will remain weak. The ease in breaking dollar support levels will also reinforce negative sentiment and increase the chances that the markets will push the dollar weaker and try to trigger stop-loss dollar selling. The chances of ECB intervention still look low in the short term, especially as there has not been a clear build up in short dollar positions, although concerns will start to increase and verbal intervention may be stepped up to discourage a quick move towards 1  More...    More...


Bearish Forex: Dollar In 2004, Bearish In 2005
Foreign Exchange Analytics Tuesday December 28, 2004 - 01:27:15 GMT

Bearish Dollar In 2004, Bearish In 2005

It is usually unwise to read much into thin year-end markets, but the new high in euro/dollar reached Monday in the Americas' session is surely symptomatic of growing consensus that the dollar downtrend has months more to play out  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen December 28th 2004
FX-Strategy Tuesday December 28, 2004 - 01:01:06 GMT

Price: 102.90

Resistance: 103.23 ... 103.45 ... 103.77 ... 104.09
Support....: 102.70 ... 102.54 ... 102.26 ... 102.03

Bias: Look for 103.23-28 to hold and generate losses to 101.94-102.03 before recovering

Bullish: We feel that a bullish stance needs to be put aside initially until we see a move down to the 101  More...    More...



Forex Market Commentary and Analysis (27 December 2004)
GCI Financial Monday December 27, 2004 - 15:09:30 GMT



The euro was confined to a relatively tight range vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3555 level and was supported around the $1.3515 level. There are not a lot of fresh fundamental factors moving the markets today on account of continued holiday celebrations and the coming New Year holiday  More...    More...



FX Thoughts - Evening - 27/12/04.......1224 GMT
FX Thoughts for the Day Monday December 27, 2004 - 12:46:51 GMT

Euro @ 1.3530/33....Support at 1.34 for 1.36
---------------------------------------------
R: 1.3558-78 / 1.3621-31
S: 1.3517 / 1.3482-78 / 1.3438
The overall Trend Support, which was in the 1.3250-3300 region last week has moved up to 1  More...    More...



Forex Market Commentary and Analysis (24 December 2004)
GCI Financial Friday December 24, 2004 - 16:02:38 GMT



The euro established a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3550 level in thin holiday trading. The pair didn’t get lower than $1.3485 overnight as die-hard traders kept their sights on the psychologically-important $1  More...    More...



Slow Euro grind higher
FX Today Friday December 24, 2004 - 13:50:52 GMT

The Euro has the potential for further slow gains into next week. Great care is required due to low liquidity but, at this stage, long positions do not look to offer sufficient value beyond 1.36 against the US dollar.
    More...



Markets test dollar downside
INVESTICA Ltd Friday December 24, 2004 - 10:50:21 GMT

With low liquidity a continuing feature of the markets, there is further scope for markets to try and trigger stop-loss levels and accelerate dollar selling. There will also be no further near-term data. There is the potential for losses to at least 1.3580 and possibly 1  More...    More...


FOREX: US OPEN MARKET POINTS 12-24-04
DailyFX.com Friday December 24, 2004 - 09:15:52 GMT

When in Doubt - Dollar Rout

“Do you really want to be long EURUSD at 1.3450 along with the rest of the world? Is this wise?” asks UBS research tonight in a note from their prop desk. Well… maybe not. Except that the latest readings from our Speculative Sentiment Index continue to show 3 euro shorts for every 1 long indicating that the euro is likely to move higher as most traders are still trying to sell the top and we are nowhere near capitulation of dollar bulls  More...    More...



Forex: Euro Makes New All-Time High Above 1.35 On Thin Trading
DailyFX.com Thursday December 23, 2004 - 22:35:21 GMT

DailyFX Fundamentals 12-23-04

By Kathy Lien, Chief Strategist at www.dailyfx.com

· Euro Makes New All-Time High Above 1.35 On Thin Trading
· US Housing Market Slowing On Fed Rate Hikes
· Stronger UK Data Does Not Give Pound Much Juice

EURUSD

With weaker than expected US durable goods data and a sharp fall in new home sales, euro shorts found a fundamentally sound reason to rally the pair to fresh all-time highs above 1  More...    More...



Forex Market Commentary and Analysis (23 December 2004)
GCI Financial Thursday December 23, 2004 - 15:21:31 GMT



The euro exploded higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3490 level after finding some good demand around the $1.3440 level during early North American dealing. Data released in the U  More...    More...



Market wants to attack 1.35
FX Today Thursday December 23, 2004 - 13:55:49 GMT

The US data was mixed, but generally positive with a 1.6% increase in durable goods orders. The capital goods rise was especially encouraging. This may offer some immediate dollar relief, but a Euro attack on 1.35 and possibly 1.36 will be very difficult to avoid by early next week.    More...


FX Thoughts - Evening - 23/12/04.......1157 GMT
FX Thoughts for the Day Thursday December 23, 2004 - 12:21:09 GMT

WISH YOU A MERRY X'MAS
and a
HAPPY NEW YEAR!
-----------------
No change in views or readings since the morning. Watch 1.3450-75 as Resistance on the Euro and 1.1450 as Support on S-Swiss.

Cable and Yen are largely in the middle of non-dangerous ranges  More...    More...



2005 Sterling risks
INVESTICA Ltd Thursday December 23, 2004 - 11:09:00 GMT

The fundamental concerns over Sterling are likely to increase slightly with the deteriorating current account trend adding to the concerns over the budget deficit. There will also be speculation over a cut in interest rates next year, although this speculation is premature  More...    More...


FOREX: US OPEN MARKET POINTS 12-23-04
DailyFX.com Thursday December 23, 2004 - 10:43:48 GMT

No Mercy for Euro Bears

It all started during lunchtime in Tokyo. The EUR/USD was following its usual sleepy holiday path when a lift of stops by a US brokerage house at 1.3410 tipped the pair quickly to the 1.3440 level in a matter of minutes  More...    More...



Forex: General Market Conditions 23rd December 2004
FX-Strategy Thursday December 23, 2004 - 00:09:23 GMT

Apart from the British Pound the market appears to have dried up and would be happy to close up shop until after the Xmas weekend. While we feel there is a chance of seeing a small break outside this week's range, we don't think this will be by much and should keep the same subdued range trading through to next week  More...    More...


Dollar Remains in Range Against Euro As Holiday Lethargy Sets In
DailyFX.com Wednesday December 22, 2004 - 22:18:44 GMT

DailyFX Fundamentals 12-22-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Remains in Range Against Euro As Holiday Lethargy Sets In
· Pound Slides As Bank of England Bias Increasingly
· Yen Shows Strength on Trade Data

EURUSD

Price action the EURUSD has narrowed to a 64-pip range over the past 24 hours, making trading incredibly boring  More...    More...



CAD Clobbered
Forex.com Wednesday December 22, 2004 - 20:22:48 GMT

USD/CAD screamed higher today as a plethora of stops were triggered on the upside as those short dollars were begging for mercy. The pair started the NY session right above the 1.23 figure, and did not look back as it touched 1.2466 before retreating back down to the 1  More...    More...


Forex Market Commentary and Analysis (22 December 2004)
GCI Financial Wednesday December 22, 2004 - 16:10:25 GMT




The euro was little changed vis-à-vis the U.S. dollar today as the single currency was supported around the US$ 1.3345 level and tested offers around the $1.3405 level. Data released in the U.S. today saw final Q3 GDP come in stronger-than-expected at an annualized rate of +4  More...    More...



Positioning moves dominate
FX Today Wednesday December 22, 2004 - 14:51:28 GMT

The dollar has found support against Sterling, the Swiss franc and the Canadian dollar due to the fact that the market was holding substantial long positions in these currencies. This positioning bias will offer further near-term Euro support on the crosses as the long Euro positions against the dollar had already been reversed.    More...


ECB intervention unlikely
INVESTICA Ltd Wednesday December 22, 2004 - 14:40:53 GMT

ECB intervention unlikely


The Euro has risen to a point where it is certainly uncomfortable for the Euro-zone economy, but it is not yet in the danger zone. The ECB will be watching the situation very closely, but the chances of near-term intervention are still low, especially as speculative attacks on the dollar have moderated  More...    More...



Near-term Euro resistance
INVESTICA Ltd Wednesday December 22, 2004 - 11:08:02 GMT

Liquidity levels will continue to decline over the next 24 hours and this will increase the reluctance to maintain aggressive positions. Narrow ranges are likely to prevail, although volatility cannot be ruled out completely. Underlying dollar sentiment will remain weak, but the yield considerations will offer some US currency support and will tend to discourage aggressive dollar selling  More...    More...


FOREX:US OPEN MARKET POINTS 12-22-04
DailyFX.com Wednesday December 22, 2004 - 10:53:41 GMT



One can almost feel the slowing pace in the currency market as the holiday season comes near, with bored dealers, absent any meaningful order flow or market moving economic news shuffling the majors through tight 50 pip ranges. The most interesting question of the day becomes – is 50 pips the extent of movement for the day?

In Japan, few surprises as Tertiary index of service industries reports the first decline in three months of –0  More...    More...



Forex: Daily Forecast for the British Pound vs U.S. Dollar 22nd December 2004
FX-Strategy Wednesday December 22, 2004 - 01:10:37 GMT

Price: ... 1.9272

Resistance: 1.9284 ... 1.9325 ... 1.9357 ... 1.9384
Support....: 1.9238 ... 1.9216 ... 1.9183 ... 1.9139

Bias: We look for price to remain below 1.9325 for a test of 1.9216 before higher

Bullish: Yesterday's losses were stronger than expected but we do not alter our medium term bullish stance  More...    More...



Forex: Dollar Strengthens As Oil Prices Continue to Recede
DailyFX.com Tuesday December 21, 2004 - 22:10:34 GMT

DailyFX Forex Fundamentals 12-21-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Strengthens As Oil Prices Continue to Recede
· Strong French Consumer Spending Fails To Help Euro Find Support
· Pound Slides As RICS House Price Balance Falls To Lowest Level In 12 Years

EURUSD

The ranges are narrowing in the euro with only a modest sell-off against the dollar today  More...    More...



Dollar Trades Higher
Forex.com Tuesday December 21, 2004 - 18:58:43 GMT

The dollar traded higher against the British pound and Japanese yen in a whippy trading session. GBP/USD fell from 1.9450 to 1.9250 after the UK RICS checked in at a much worse than expected level while USD/JPY rose from 103.71 to 104.69. In addition, EUR/GBP ripped through key   More...    More...


Calls for Euro intervention
FX Today Tuesday December 21, 2004 - 15:01:48 GMT

The German economic institutes have downgraded their growth forecasts and have also called for intervention to weaken the Euro. The Christmas trading period is a good time to consider intervention. Given the shift in speculative activity, however, intervention would probably be counter-productive  More...    More...


Forex Market Commentary and Analysis (21 December 2004)
GCI Financial Tuesday December 21, 2004 - 14:24:03 GMT



The euro was little-changed vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3350 level and was supported around the $1.3410 level. Liquidity continues to dwindle ahead of the Christmas holidays with many desks reporting thin conditions and skeleton crews staffs  More...    More...



FX Thoughts - Evening - 21/12/04.......1202 GMT
FX Thoughts for the Day Tuesday December 21, 2004 - 12:45:11 GMT

Euro @ 1.3402/05....Gearing up for 1.36?
------------------------------------------------
R: 1.3415 / 1.3431-45 /1.3470-97
S: 1.3380 / 1.3353-35 / 1.3328-3303
Got brilliantly fooled by the market. In the morning we'd very intelligently said that EURGBP was on the defensive and so it was better to buy the Pound against the Dollar, rather than the Euro  More...    More...



Sterling vulnerable?
INVESTICA Ltd Tuesday December 21, 2004 - 11:06:38 GMT

The housing data will unsettle Sterling to some extent, although caution is needed during the less important winter season. There will also be concerns over the budget situation and there is likely to be greater concerns over longer-term Sterling fundamentals, potentially weakening Sterling next year  More...    More...


FOREX: US OPEN MARKET POINTS 12-21-04
DailyFX.com Tuesday December 21, 2004 - 11:03:10 GMT



Caught in the cross currents of divergent economic data, the euro dipped slightly at the beginning of the European session only to rally back to the highs of the day as European Trade Balance report indicated that the regions very important export sector may have regained its momentum in November  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 21st December 2004
FX-Strategy Tuesday December 21, 2004 - 01:14:57 GMT

Price: ... 1.1489

Resistance: 1.1520 ... 1.1550 ... 1.1575 ... 1.1602
Support....: 1.1475 ... 1.1456 ... 1.1435 ... 1.1392

Bias: Mixed - waiting for breaks

Bullish: No early consolidation yesterday but a direct break lower although this has not been particularly convincing and failed to reach the favored 1  More...    More...



Forex: Dollar Weakness Persists As Specs Square Euro Positions
DailyFX.com Monday December 20, 2004 - 21:33:05 GMT

DailyFX Forex Fundamentals 12-20-04

By Kathy Lien, Chief Strategist www.dailyfx.com

· Dollar Weakness Persists As Specs Square Euro Positions
· US Leading Indicators Improve For The First Time in Six Months
· Weaker Data Fails To Halt The Pound’s Rally

EURUSD

With 2004 winding to an end, the euro continues to trade in the consolidation mode that began 2 weeks ago  More...    More...



Euro value v franc
FX Today Monday December 20, 2004 - 15:31:45 GMT

There has been a sharp switch in positioning with a short Euro position. Swiss franc long positions have been cut, but there is still a net long position. The Swiss currency is also vulnerable on yield grounds and this should strengthen the Euro against the franc.    More...


Forex Market Commentary and Analysis (20 December 2004)
GCI Financial Monday December 20, 2004 - 15:02:28 GMT



The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers just below the US$ 1.3400 figure after Australasian dealers tested bids just below the $1.3300 figure. Stops were triggered above the $1.3340 level during early European dealing  More...    More...



FX Thoughts - Evening - 20/12/04.......1129 GMT
FX Thoughts for the Day Monday December 20, 2004 - 12:44:52 GMT

$-Yen @ 104.34/8....Ranged? Maybe so
-------------------------------------
R: 104.71 / 105.02
S: 104.36-27 / 104.07
Crucial Resistance for today at 104.63-71. The market can turn bullish in case of a credible break thereof. But lack of upward momentum does not give confidence  More...    More...



Setback to dollar correction hopes
INVESTICA Ltd Monday December 20, 2004 - 11:35:03 GMT

There will be major concerns that the dollar has failed to make and sustain greater gains given the very large shift in speculative positions. This suggests that there is heavy underlying dollar selling pressure. The chances of a strong dollar correction stronger have receded sharply  More...    More...


FOREX: US OPEN MARKET POINTS 12-20-04
DailyFX.com Monday December 20, 2004 - 10:15:23 GMT

Euro Rallies as IMM Specs go Short

On Friday the IMM data showed a massive decrease of euro bullish positions, so naturally tonight the unit rallied. According to IMM report euro longs collapsed from a build of 53K contracts just the week ago to –5K contracts – the first time positions have been net short since the early 2000  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 20th December 2004
FX-Strategy Sunday December 19, 2004 - 15:33:27 GMT

Price: ... 1.1578

Resistance: 1.1602 ... 1.1617 ... 1.1644 ... 1.1660
Support....: 1.1550 ... 1.1519 ... 1.1470 ... 1.1435

Bias: Initially look for a 1.1545 -1.1615 range followed be a break lower to 1.1435

Bullish: Our underlying view for today is mildly bearish but expect initial trading to keep within a 1  More...    More...



Big positioning shift
INVESTICA Ltd Saturday December 18, 2004 - 12:09:00 GMT

The growth trends should offer some dollar support, especially as there is the potential for a further widening of interest rate differentials in the dollar's favour. The current account figures this week were not as bad as expected, but the underlying trends are still worrying and structural dollar vulnerability will continue  More...    More...


Forex: Euro Rallies On Improving German Business Sentiment
DailyFX.com Friday December 17, 2004 - 22:07:47 GMT

DailyFX Fundamentals 12-17-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

·US Consumer Price Inflation Rises In November
·Euro Rallies On Improving German Business Sentiment
·BoJ Downgrades Assessment Of Economy For Second Consecutive Month


EURUSD

Range trading continued to be the theme in the euro as it bounces near the bottom of its recent 1  More...    More...



Afternoon Consolidation
Forex.com Friday December 17, 2004 - 19:47:32 GMT

We saw the release of the CPI this morning, which was inline with expectations (.2% MoM and 2.2%YoY). We saw some initial dollar strength off the data as EUR/USD spiked lower from 1.3273 to 1.3226. The pair put in a high print of 1.3316 in the London session and proceeded to trade in relatively tight range prior to this data release  More...    More...


Forex Market Commentary and Analysis (17 December 2004)
GCI Financial Friday December 17, 2004 - 16:23:27 GMT



The euro was confined to a relatively tight range vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3315 level during European dealing and spiked down to the $1.3225 level during North American dealing before staging a recovery  More...    More...



Forex: Ranges likely to narrow
FX Today Friday December 17, 2004 - 13:50:43 GMT

The US inflation figures were in line with expectations with a 0.2% increase for the headline and underlying rates and this should have minimal market impact. The dollar looks set to gains near-term support from another round of short covering, although it will still be tough to sustain any gains beyond 1  More...    More...


FOREX: US OPEN MARKET POINTS 12-17-04
DailyFX.com Friday December 17, 2004 - 10:43:56 GMT

Euro Takes an IFO Bounce

Brightened at the prospect of a 17% decline in oil over the past two months, German corporate leaders sent the IFO survey of business sentiment to the highest reading in 3 quarters spurring a small bounce back rally in the EUR/USD after yesterday’s massive 200 point collapse  More...    More...



Dollar fundamentals still weak
INVESTICA Ltd Friday December 17, 2004 - 09:58:20 GMT

The current account data offered some immediate relief to the US currency, especially as direct investment was positive, but the underlying trends are still a major concern and there will still be the high risk of underlying selling pressure on the dollar  More...    More...


Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 17th December 2004
FX-Strategy Friday December 17, 2004 - 01:34:07 GMT

Price: ... 1.1572

Resistance: 1.1590 ... 1.1620 ... 1.1650 ... 1.1683
Support....: 1.1565 ... 1.1528 ... 1.1505 ... 1.1474

Bias: We look for a 1.1500-1.1600 range today

Bullish: No additional losses seen yesterday and the reversal higher to 1  More...    More...



Forex: Dollar Soars On Improved Jobless Claims and Stronger Philly Fed
DailyFX.com Thursday December 16, 2004 - 22:01:00 GMT

DailyFX Fundamentals 12-16-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Soars On Improved Jobless Claims and Stronger Philly Fed
· US Current Account Deficit Widens To New Record
· Strong UK Retail Sales Fails to Keep Pound Afloat

EURUSD

There were surprises all around today with much stronger than expected US economic data preventing the dollar from sliding back towards its all time low against the euro  More...    More...



Painful Day For Forex Market
Forex.com Thursday December 16, 2004 - 20:27:41 GMT

It was a painful day in the currency markets as breaks back below the key 1.3330 and above 104.00 levels triggered some massive dollar stop loss buying orders. In a wild one, EUR/USD knifed from 1.3428 to 1.3205 while USD/JPY galloped from 103.45 to 104.98  More...    More...


Forex Market Commentary and Analysis (16 December 2004)
GCI Financial Thursday December 16, 2004 - 17:21:49 GMT



The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3335 level after failing to get through the $1.3435 level earlier in the session. The all-important Q3 current account deficit data were released today and they saw a rise to a record US$ 164  More...    More...



GVI BiWeekly Forex Survey
Global-View Thursday December 16, 2004 - 14:41:30 GMT

Thanks to all who participated.



The BiWeekly Survey of professional forex traders on Global-View.com, the original forex forum, saw the mean forecast for the eur/$ for December 30, 2004 of 1.3275. The mean $/yen forecast for that same date was 104  More...    More...



Euro selling protects dollar
FX Today Thursday December 16, 2004 - 13:48:15 GMT

The third-quarter US current account data was slightly better than expected at US$164.7bn and jobless clams fell sharply. The dollar has secured some relief against the Euro, but this reflects Euro selling against the yen and Sterling rather than dollar interest.    More...


FX Thoughts - Evening - 16/12/04.......1230 GMT
FX Thoughts for the Day Thursday December 16, 2004 - 12:44:19 GMT

Euro-Yen @ 139.17/22....Buying some
-----------------------------------
Buy EUR 20K at current level, SL 138.86, TP 139.60


$-Yen @ 103.74/78...Sell for 103.50
----------------------------------
Sell $25K at current level, SL 103  More...    More...



Dollar financing fears
INVESTICA Ltd Thursday December 16, 2004 - 11:21:21 GMT

The weak capital account data will expose the US currency to further selling pressure on fresh doubts that the US will be able to attract sufficient capital and fears will increase further if the current account deficit is above US$175bn. Yield considerations will offer some protection to the dollar and there will be some caution over selling the dollar aggressively  More...    More...


FOREX: US OPEN MARKET POINTS 12-16-04
DailyFX.com Thursday December 16, 2004 - 10:34:40 GMT

Euro Getting Tired

Euro bulls received their wish yesterday as the TICS data printed beyond even the worst market expectations at $48.1 Billion versus last month’s $63 Billion surplus. However, looking deeper into the data the situation may not be as dire as it appears  More...    More...



Forex: Daily Forecast for the Euro vs U.S. Dollar 16th December 2004
FX-Strategy Thursday December 16, 2004 - 01:33:26 GMT

Price: ... 1.3401

Resistance: 1.3420 ... 1.3446 ... 1.3468 ... 1.3495
Support....: 1.3383 ... 1.3360 ... 1.3338 ... 1.3300

Bias: Cautiously we feel an additonal high is due before a larger reversal

Bullish: We saw strength as anticipated but this has extended even higher than the 1  More...    More...



Forex: Dollar Tanks As Foreign Inflow Falls Short Of Meeting Deficit Needs
DailyFX.com Wednesday December 15, 2004 - 22:12:13 GMT

DailyFX Forex Fundamentals 12-15-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Tanks As Foreign Inflow Falls Short Of Meeting Deficit Needs
· British Pound Rises On Stronger Employment Data
· Business Sentiment Declines In Japan

EURUSD

There was good reason for the euro to rally against the dollar today  More...    More...



TIC DATA EXCELERATES EURO BUYING
Forex.com Wednesday December 15, 2004 - 19:17:49 GMT

October-04 saw a weak net inflow (TIC data) of $48.1bn, down from a revised $67.4bn inflow seen in September. The October reading was the lowest since October 2003 (+28.8bn) and in the context of yesterday's US deficit (-$55.5bn) is a weak reading for the USD  More...    More...


Forex Market Commentary and Analysis (15 December 2004)
GCI Financial Wednesday December 15, 2004 - 16:33:15 GMT



The euro gained solid ground vis-à-vis the U.S. dollar today as traders pushed the single currency back above the US$ 1.3400 figure on news that foreign demand for U.S. assets declined more-than-expected. The pair tested bids around the $1  More...    More...



US recession in 2005?
INVESTICA Ltd Wednesday December 15, 2004 - 14:52:47 GMT

US Recession in 2005?

The US economy will have to adjust during 2005 as market tolerance of widening deficits has been exhausted. A combination of strong productivity growth, gradual dollar depreciation and global growth would allow the US to adjust with a period of slower growth rather than recession  More...    More...



Dollar faces record lows
FX Today Wednesday December 15, 2004 - 14:09:42 GMT

The US capital inflows data was weaker than expected at US$48.1bn after a revised US$67.5bn in September. Although there were positive inflows into stocks, the implications are dollar negative. This increases the risk of fresh record lows against the Euro.    More...


FOREX: US OPEN MARKET POINTS 12-15-04
DailyFX.com Wednesday December 15, 2004 - 10:59:03 GMT

Will TICS Make it Three?

Yesterday we wrote “the price action indicates that the market is setting up for a dollar bearish surprise, with euro bulls looking for a one-two knock out punch of wider Trade Balance gap and narrower TIC data surplus  More...    More...



Japan fears ease slightly
INVESTICA Ltd Wednesday December 15, 2004 - 10:56:27 GMT

The tankan index will alleviate concerns over the Japanese economy to some extent, although markets will still want hard evidence of an actual improvement rather than just sentiment and intentions. Nevertheless, the US currency is likely to hit tough resistance above the 105  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar 15th December 2004
FX-Strategy Wednesday December 15, 2004 - 01:27:29 GMT

Price: ... 1.3298

Resistance: 1.3317 ... 1.3333 ... 1.3351 ... 1.3380
Support....: 1.3275 ... 1.3259 ... 1.3211 ... 1.3193

Bias: Mixed - waiting for breaks

Bullish: Price rebounded from the 1.3333 resistance advised yesterday and dipped back down to the 1  More...    More...



Forex: Dollar Fails To Budge On Wider Deficit And Rate Hike
DailyFX.com Tuesday December 14, 2004 - 22:24:49 GMT

DailyFX Forex Fundamentals 12-14-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Fails To Budge On Wider Deficit And Rate Hike
· Fed Raises Rates By Quarter Point to 2.25%
· Pound Rises On Higher Inflation

EURUSD
As we run down our checklist of US economic data released so far this week, we continue to be disappointed by the lack of reaction in the currency markets to both better than and worse than expected data  More...    More...



Dollar Bounces
Forex.com Tuesday December 14, 2004 - 22:10:03 GMT

The dollar bounced around as a 25 basis point hike by the Federal Reserve failed to produce much of a reaction from the market. EUR/USD rose from its 1.3260 low to 1.3315 while USD/JPY slipped from 105.75 to 105.33. Meanwhile, EUR/JPY continued higher (139  More...    More...


Forex Market Commentary and Analysis (14 December 2004)
GCI Financial Tuesday December 14, 2004 - 19:24:37 GMT



The euro was little changed vis-à-vis the U.S. dollar today as the single currency challenged offers around the US$ 1.3335 level and remained supported around the $1.3280 level. The pair traded in a technical range related to the recent USD correction ahead of the Federal Open Market Committee’s interest rate decision  More...    More...



Dollar survives record trade deficit
FX Today Tuesday December 14, 2004 - 13:46:11 GMT

The US trade deficit was worse than expected with a record US$55.5bn shortfall for October. Exports edged ahead by 0.6% while imports rose 3.4%. The deficit was pushed higher by oil imports with a US$2.8bn monthly increase. The decline in oil prices since October will offer some relief  More...    More...


FX Thoughts - Evening - 14/12/04.......1233 GMT
FX Thoughts for the Day Tuesday December 14, 2004 - 12:38:43 GMT

Euro @ 1.3317/20...Range 1.3230-3330
-----------------------------------
R: 1.3329-39-49 / 1.3386 / 1.3445-54
S: 1.3301 / 1.3276-61 / 1.3224-04
The 4-hourly charts continue to suggest a range of 1.3330-1.3230. On the Daily, however, the Euro remains in an uptrend with Support at 1  More...    More...



Dollar reaction vital
INVESTICA Ltd Tuesday December 14, 2004 - 11:11:22 GMT

The Fed is likely to increase interest rates by 0.25% and signal a continued gradual tightening in the first quarter of 2005. The yield trends will offer some support to the US currency and reduce the risk of speculative selling. There is also the risk of underlying selling pressure on the US currency which will offset the potential for a covering of short speculative dollar positions  More...    More...


FOREX: US OPEN MARKET POINTS 12-14-04
DailyFX.com Tuesday December 14, 2004 - 10:41:15 GMT

Waiting for Dollar Data

The euro treaded water for most of early European session today as dealers squared positions in a generally thin, listless market awaiting a barrage of US economic data due this week. So far the price action indicates that the market is setting up for a dollar bearish surprise, with euro bulls looking for a one-two knock out punch of wider Trade Balance gap and narrower TIC data surplus due today and tomorrow respectively  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen December 14th 2004
FX-Strategy Tuesday December 14, 2004 - 01:30:39 GMT

Price: ... 104.73

Resistance: 105.11 ... 105.59 ... 106.19 ... 106.76
Support....: 104.45 ... 104.22 ... 103.75 ... 103.40

Bias: Mixed - but while 104.22-43 holds we look for further gains towards 106.76

Bullish: Losses extended below 104  More...    More...



Forex: Dollar To Rally If Fed Signals Higher Inflation Risks
DailyFX.com Monday December 13, 2004 - 22:04:19 GMT

DailyFX Forex Fundamentals 12-13-04

By Kathy Lien, Chief Strategist at www.dailyfx.com

· Dollar To Rally If Fed Signals Higher Inflation Risks
· Stronger US Retail Sales Fails To Bolster Dollar
· Yen Rallies On Better Than Expected Industrial Production Report

EURUSD

The dollar barely budged against the euro on this morning’s better than expected US retail sales report, which not only increased for the third consecutive month, but experienced an upward revision in October as well  More...    More...



DOLLAR STRUGGLES AGAIN AHEAD OF FOMC
Forex.com Monday December 13, 2004 - 20:33:57 GMT

The Greenback failed to maintain ground both overnight and into the N.Y. session even with a positive release of Retail Sales (expected -.1 and actual +.1) at the N.Y start. Euro grinded higher for most of the morning and into N.Y. lunch taking out short term stops above 1  More...    More...


Forex Market Commentary and Analysis (13 December 2004)
GCI Financial Monday December 13, 2004 - 14:57:42 GMT



The euro gained ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3300 figure after finding bids around the $1.3190 level during early Australasian dealing. Technically, the euro escalated to the 38  More...    More...



Dollar losing momentum
FX Today Monday December 13, 2004 - 14:03:03 GMT

The dollar has weakened back to near 1.33 and failed to gain any benefit from stronger than expected 0.5% underlying US retail sales data. This reinforces expectations that the dollar gains last week were corrective rather than a reversal. Great care is needed over the next 48 hours given trade data and the Fed, but look to sell the dollar on rallies.    More...


FX Thoughts - Evening - 13/12/04.......1210 GMT
FX Thoughts for the Day Monday December 13, 2004 - 12:33:14 GMT

Euro @ 1.3244/7...Watch action at 1.3245-25
---------------------------------------------
R: 1.3300 / 1.3325-40 / 1.3362-80
S: 1.3245 / 1.3225-10 / 1.3190
The 1.3295-3315 Resistance mentioned in the morning has held so far and is causing a dip that can extend to 1  More...    More...



Rate gap may unsettle Swiss franc
INVESTICA Ltd Monday December 13, 2004 - 10:57:47 GMT

The trends in short-term interest rates are likely to weaken the franc slightly this week. There is also an increased risk that the Swiss franc will be seen as the most attractive currency to use as a funding currency. Overall, the dollar should be able to find near-term support close to the 1  More...    More...


FOREX: US OPEN MARKET POINTS 12-13-04
DailyFX.com Monday December 13, 2004 - 10:01:06 GMT

BOE Spooks the Dollar

Spurred by an ominous warning from the Bank of England that a further decline in the dollar may create risks to the stability of world’s financial system, euro bulls were out in force during early European trading session lifting the pair nearly 100 points back to the 1  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 13th December 2004
FX-Strategy Sunday December 12, 2004 - 07:18:06 GMT

Price: ... 105.17

Resistance: 105.45 ... 105.65 ... 106.07 ... 106.39
Support....: 104.95 ... 104.73 ... 104.38 ... 104.22

Bias: While 104.73-95 holds we look for further gains towards 106.76

Bullish: The gains on Friday moved slightly higher than expected but haven't yet reached the ideal 106  More...    More...



Dollar correction or reversal?
INVESTICA Ltd Saturday December 11, 2004 - 10:41:15 GMT

The dollar has the potential to remain in a corrective phase in the short term. Interest rates trends should also offer some support with US short-term rate set to move above equivalent Euro-zone rates for the first time in over 3 years. Underlying concerns will persist over the twin budget and current account deficits, especially if the forthcoming trade data is weak  More...    More...


Forex: Dollars Rallies On Higher Inflation and Stronger Confidence
DailyFX.com Friday December 10, 2004 - 20:44:52 GMT

DailyFX Forex Fundamentals 12-10-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollars Rallies On Higher Inflation and Stronger Confidence
· Disappointing Eurozone Data Keeps Euro Weak
· Yen Extends Slide As Outlook For Growth Remains Dismal

EURUSD

Things are really turning sour for the euro  More...    More...



Forex Market Commentary and Analysis (10 December 2004)
GCI Financial Friday December 10, 2004 - 16:40:59 GMT



The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3140 level, its lowest level since 24 November. Stops were hit below the $1.3190 level during the downturn as the dollar continued its correction against most major currencies  More...    More...



Friday test for dollar
FX Today Friday December 10, 2004 - 14:23:51 GMT

The dollar has consistently weakened in New York on Fridays over the past few weeks. If the dollar can close stronger than 1.3250 today in US trading, near-term confidence would remain stronger. The dollar still faces a tough week next week and the overall move still looks corrective, but one further dollar push higher is realistic.    More...


FX Thoughts - Evening - 10/12/04.......1150 GMT
FX Thoughts for the Day Friday December 10, 2004 - 12:27:34 GMT

AUD-USD @ 0.7473/8...Exiting Short
----------------------------------
Exiting at current level the AUD 20K Short entered at 0.7472



$-Yen @ 105.86/90....Stretched today?
-----------------------------------------------
R: 106  More...    More...



FOREX: US OPEN MARKET POINTS 12-10-04
DailyFX.com Friday December 10, 2004 - 11:23:01 GMT

Euro Takes a Dive

Yesterday in late US session all the majors rose against the dollar after the disappointing results of the 10 year Treasury auction. Although the auction drew a respectable 2.68 bid to cover ratio, it generated only 10% of offers from foreign investors and Central Banks indicating that global demand for US capital assets may be waning  More...    More...



Correction to meet selling pressure
INVESTICA Ltd Friday December 10, 2004 - 11:15:53 GMT

The corrective phase for the US currency is likely to continue in the short term. There will still be the pressure to ease back on short dollar positions which will expose the Euro to selling pressure. There is still a high risk of dollar selling on any significant rallies, especially from longer-term players and central banks  More...    More...


Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 10th December 2004
FX-Strategy Friday December 10, 2004 - 01:38:41 GMT

Price: ... 104.71

Resistance: 105.00 ... 105.37 ... 105.55 ... 105.78
Support....: 104.45 ... 104.22 ... 103.85 ... 103.40

Bias: Mixed but possibly with a bullish preference for 105.37-105.60 before a pullback

Bullish: As suggested the first move higher tested the 104  More...    More...



Forex: More Range Trading in Euro As Speculators Pare Positions
DailyFX.com Thursday December 9, 2004 - 21:33:44 GMT

DailyFX Forex Fundamentals 12-09-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· More Range Trading in Euro As Speculators Pare Positions
· Dollar Shakes Off Disappointing Jobless Claims
· Dollar Yen Extends Rally On Disappointing Data

EURUSD

Consolidation and range trading continues to remain the predominant theme for the euro  More...    More...



Forex Market Commentary and Analysis (9 December 2004)
GCI Financial Thursday December 9, 2004 - 15:05:47 GMT



The euro depreciated further vis-à-vis the U.S. dollar today as the single currency failed to get above the US$ 1.3365 level and slumped back below the $1.3300 figure during European and early North American dealing. The pair traded as low as the $1  More...    More...



Dollar needs more help
FX Today Thursday December 9, 2004 - 14:23:36 GMT

There has been no indication that European central banks have helped the dollar correction over the past 24 hours. Without assistance, the dollar will find it difficult to push through the 1.3250 region, especially as there will be good longer-term Euro buying interest on any dips  More...    More...


Trade doubts for Sterling
INVESTICA Ltd Thursday December 9, 2004 - 11:17:02 GMT

The weaker than expected trade figure will unsettle Sterling slightly and could increase the risk that UK companies will call for a weaker currency. The profit taking on high-yield currencies will also leave Sterling vulnerable to some selling, especially with the Bank of England likely to keep rates on hold  More...    More...


FOREX: US OPEN MARKET POINTS 12-09-04
DailyFX.com Thursday December 9, 2004 - 11:16:34 GMT

Euro Dollar Stall

John Snow remains as Treasury Secretary and the dollar rally is stopped dead in its tracks. More jaundiced observers may see correlation, but the more reasonable explanation for euro’s moderate strength is the surprisingly strong Current Account figures from Germany, the regions largest economy  More...    More...



Forex: Daily Forecast for the British Pound vs U.S. Dollar 9th December 2004
FX-Strategy Thursday December 9, 2004 - 01:45:58 GMT

Price: ... 1.9345

Resistance: 1.9380 ... 1.9405 ... 1.9436 ... 1.9467
Support....: 1.9332 ... 1.9295 ... 1.9260 ... 1.9220

Bias: We look for 1.9332 to hold for a rally back to 1.9405-30 before a further pullback

Bullish: The decline to 1  More...    More...



Forex: Buy On Dip Mentality Saves Euro From Deeper Slide
DailyFX.com Wednesday December 8, 2004 - 21:46:59 GMT

DailyFX Fundamentals 12-08-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Buy On Dip Mentality Saves Euro From Deeper Slide
· Swiss Unemployment Hits 7 Month High
· Dollar Yen Rallies On Weak Growth

EURUSD

The lack of any pertinent US or European economic data today has made the 1  More...    More...



Forex: Oil In Euros, Eurogroup/ECB Zip It
Foreign Exchange Analytics Wednesday December 8, 2004 - 21:24:17 GMT

Oil In Euros, Eurogroup/ECB Zip It

Is it growth concerns driving European monetary officials' to whine publicly about oil and the euro? Or is it inflation concerns driving this squeaky wheel? Maybe it is both. But then again if any of the officials attending Monday's Eurogroup meeting in Brussels had looked at a chart of oil priced in euros, they might have been embarrassed into silence  More...    More...



Forex Market Commentary and Analysis (8 December 2004)
GCI Financial Wednesday December 8, 2004 - 17:21:47 GMT



The euro came off sharply vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3190 level after Australasian dealers were unable to push the pair above the $1.3435 level. This represented the pair’s largest one-day decline in several months and took the common currency to levels not seen since 26 November  More...    More...



Dollar correction complete?
FX Today Wednesday December 8, 2004 - 14:41:55 GMT

The dollar has corrected sharply higher over the past 24 hours with highs of 1.32 against the Euro and 104.9 against the yen. Lower oil prices will help the dollar as will short-term interest rate trends as the Fed is set to tighten next week. Long-term sentiment will remain weak  More...    More...


Fed set to tighten again
INVESTICA Ltd Wednesday December 8, 2004 - 14:12:16 GMT

Fed set to tighten again

Despite the weaker than expected payroll figure last week, the net risks suggest that the Federal Reserve will increase interest rates at the December and February FOMC meetings. This would push US short-term rates to 2  More...    More...



FX Thoughts - Evening - 08/12/04.......1139 GMT
FX Thoughts for the Day Wednesday December 8, 2004 - 12:44:13 GMT

$-Yen @ 104.16/20....Crucial Resistance here
--------------------------------------------
R: 104.01 / 104.21-24 / 104.60
S: 103.75-69 / 103.30
Our view of range trade between 103.31-102.25 has been invalidated and the market has risen to test the very strong and crucial Resistance at 104  More...    More...



How far will the dollar correct?
INVESTICA Ltd Wednesday December 8, 2004 - 11:17:13 GMT

Interest rate trends will be significant with the US set to increase rates next week while the dollar weakness is restraining interest rate increases elsewhere. The dollar is also due for a further initial correction with short-term players keen to lock in profits ahead of the year end  More...    More...


FOREX: US OPEN MARKET POINTS 12-08-04
DailyFX.com Wednesday December 8, 2004 - 10:34:42 GMT

As the Dollar Turns to Snow

The dollar finally found some buyers in European session today as the greenback gained about 70 points against the euro, 80 points against the yen and over 100 points against cable from Tuesday’s US close. In Europe, jawboning from various ECB officials yesterday along with year–end profit booking from hedge funds has taken some serious momentum out of the euro rally  More...    More...



Forex: Daily Forecast for the British Pound vs U.S. Dollar December 8th 2004
FX-Strategy Wednesday December 8, 2004 - 01:36:22 GMT

Price: ... 1.9421

Resistance: 1.9440 ... 1.9480 ... 1.9507 ... 1.9532
Support....: 1.9408 ... 1.9379 ... 1.9344 ... 1.9300

Bias: We feel the downside is now a greater risk to 1.9300 at least

Bullish: Price peaked at our ideal 1  More...    More...



Forex: Increased Speculation Of “Dollar Dumping” Keeps Euro Strong
DailyFX.com Tuesday December 7, 2004 - 22:01:48 GMT

DailyFX Forex Fundamentals 12-07-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Increased Speculation Of “Dollar Dumping” Keeps Euro Strong
· UK Retail Sales Slide In November
· Japanese Consumers Cut Spending
· Bank of Canada Leaves Rates Unchanged at 2  More...    More...



Forex: Card Tricks At Treasury
Foreign Exchange Analytics Tuesday December 7, 2004 - 15:33:55 GMT

Card Tricks At Treasury

As White House Chief of Staff, Andy Card is also personnel director for G.W. He is the fixer, like Harvey Keitel's character in Pulp Fiction. He is part of the inner circle as well where all important policy decisions are made, including dollar policy, tax policy and economic policy spin  More...    More...



Sterling in focus
FX Today Tuesday December 7, 2004 - 14:34:13 GMT

Sterling is benefiting from weak dollar sentiment, Euro-zone doubts and apparent Bank of England calm over currency strength. There will also be speculation over a switch into Sterling by central banks, but the UK currency is overbought. Momentum could still push Sterling higher but, overall, wait for a dip back to at least 1  More...    More...


Forex Market Commentary and Analysis (7 December 2004)
GCI Financial Tuesday December 7, 2004 - 14:19:19 GMT



The euro established a fresh lifetime high vis-à-vis the U.S. dollar today despite an increase in rhetoric from eurozone officials. The single currency tested offers around the US$ 1.3470 level after Australasian traders took the pair lower and challenged bids around the $1  More...    More...



GFT Daily Forex Market Commentary for Tuesday, December 07, 2004
GFT Tuesday December 7, 2004 - 13:33:12 GMT

GFT Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading - Source: http://www.gftforex.com/resources/daily.asp?date=1272004

The dollar consolidated near its lows for the downtrend versus the European currencies, with only dollar/Swiss franc posted a discernable gain on Monday  More...    More...



FX Thoughts - Evening - 07/12/04.......1221 GMT
FX Thoughts for the Day Tuesday December 7, 2004 - 12:40:18 GMT

Euro @ 1.3460/63....Buying some
-------------------------------
R: 1.3471 / 1.3503
S: 1.3438-30 / 1.3390
The Euro seems set to take out its earlier highs and rise to 1.35 at least. Meaningful Support at 1.3430.

Trade:
Buy EUR 20K at current level, SL 1  More...    More...



FOREX:US OPEN MARKET POINTS 12-07-04
DailyFX.com Tuesday December 7, 2004 - 11:14:19 GMT

Strong Yen Weak Japan

Japan appears to be on verge of tipping into a recession. After taking a brief respite from negative surprises by registering better than expected Capital Spending numbers last week, Japan resumed the depressing drumbeat of dour economic data by posting worse than anticipated results for Household Spending and Leading Economic Indicators  More...    More...



Dollar faces tough resistance
INVESTICA Ltd Tuesday December 7, 2004 - 11:05:54 GMT

There will be further caution over the threat of intervention by Japanese officials below the 102.0 level and this will tend to limit aggressive dollar selling for now. The longer-term trends will remain dollar negative, especially with the potential for a selling of US bonds  More...    More...


Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc December 7th 2004
FX-Strategy Tuesday December 7, 2004 - 01:26:35 GMT

Price: ... 1.1408

Resistance: 1.1428 ... 1.1444 ... 1.1458 ... 1.1480
Support....: 1.1357 ... 1.1340 ... 1.1299 ... 1.1268

Bias: While 1.1458 holds any strength we feel the greater risk is lower today

Bullish: Yesterday's recovery was much deeper than expected but we are beginning to see potential for a larger correction  More...    More...



Forex: Consolidation Likely To Occur In Dollar This Week
DailyFX.com Monday December 6, 2004 - 22:12:41 GMT

DailyFX Forex Fundamentals 12-06-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Consolidation Likely To Occur In Dollar This Week
· SNB Roth Signals That Dollar Weakness Could Delay Future Rate Hikes
· Canada Rate Decision Up In The Air

EURUSD

Consolidation should be the theme in the euro this week with the lack of significant economic data from the US until Friday  More...    More...



Snow Fall
Forex.com Monday December 6, 2004 - 20:12:23 GMT

The market was in a muted trading session all day in NY session as we have remained range bound for most of the day. The only bit of exciting news that was around and yet had no affect was the rumors of President Bush apparently going to replace US Treasury Secretary Snow  More...    More...


Forex Market Commentary and Analysis (6 December 2004)
GCI Financial Monday December 6, 2004 - 15:07:37 GMT



The euro traded in a very narrow range vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3455 level and was supported above the $1.3415 level. Traders are closely watching any comments before or after the Ecofin EMU-12 finance ministers meeting later today  More...    More...



GFT Daily Forex Market Commentary for Monday, December 06, 2004
GFT Monday December 6, 2004 - 14:11:55 GMT


GFT Forex Commentary by Cornelius Luca, currencies analyst, Global Forex Trading

The dollar fell sharply on Friday following a weak non-farm payrolls report. This means that its strong downtrend will continue on Monday as well, despite remaining heavily oversold  More...    More...



Limited Swiss correction
FX Today Monday December 6, 2004 - 14:01:09 GMT

The Swiss franc has remained close to 1.5265 against the Euro and significantly failed to gain any strength from the US embassy attack in Jeddah. Overall, there is the potential for a further limited correction back towards 1.5320 against the Euro and possibly 1  More...    More...


FX Thoughts - Evening - 06/12/04 - 1258 GMT
FX Thoughts for the Day Monday December 6, 2004 - 13:04:55 GMT

Euro @ 1.3450/53....Watch how 1.3500 performs
----------------------------------------------
R: 1.3461 / 1.3495-3500 / 1.3533-50
S: 1.3415 / 1.3379 / 1.3358 / 1.3328
The Euro has not budged since the morning. It seems only the Americans are interested in selling the Dollar, no one else  More...    More...



FOREX: US OPEN MARKET POINTS 12-06-04
DailyFX.com Monday December 6, 2004 - 11:42:45 GMT

Short Dollar Trade Getting Crowded?

Could the end of last week been any more of a nightmare for USD bulls? As the week progressed, divergence between the positive US economic data and miserable EU numbers grew larger every day. Sentiment indicators, including our own proprietary SSI index were all pointing to an intermediate term top  More...    More...



European dollar defence?
INVESTICA Ltd Monday December 6, 2004 - 11:02:34 GMT

The weaker than expected US payroll figure will damage dollar confidence in the very short term. With the US currency already under pressure from current account fears, any doubts over growth will further damage the US currency as it will be more difficult to overcome selling triggered by structural weakness  More...    More...


Forex: Daily Forecast for the U.S Dollar vs Swiss Franc 6th December 2004
FX-Strategy Sunday December 5, 2004 - 17:18:50 GMT

Price: ... 1.1303

Resistance: 1.1322 ... 1.1350 ... 1.1386 ... 1.1422
Support....: 1.1280 ... 1.1268 ... 1.1214 ... 1.1183

Bias: Mixed - awaiting the first move on Monday's open

Bullish: The failure to move above the 1  More...    More...



Banks will not target set levels
INVESTICA Ltd Saturday December 4, 2004 - 11:40:55 GMT

Although the economic data for the week as a whole was generally positive, the employment report was disappointing. Payroll growth was held to 112,000 compared with expectations of a 180,000 increase after a downwardly revised 303,000 increase for October  More...    More...


Forex: German Paper Reports US Not Expected To Intervene In Euro Until It Breaches 1.45 Against Dollar
DailyFX.com Friday December 3, 2004 - 22:27:04 GMT

DailyFX Fundamentals 12-03-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· German Paper Reports US Not Expected To Intervene In Euro Until It Breaches 1.45 Against Dollar
· Dollar Weakens On Disappointing US Non-Farm Payrolls
· Strong Service Sector Data Fuels Gains in Pound

EURUSD
The euro has strengthened to another new all-time high against the dollar  More...    More...



Forex Market Commentary and Analysis (3 December 2004)
GCI Financial Friday December 3, 2004 - 14:47:40 GMT



The euro galloped higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3385 level after the release of a much weaker-than-expected November U.S. non-farm payrolls number that only saw 112,000 jobs created last month  More...    More...



FX Thoughts - Evening - 03/12/04 - 1220 GMT
FX Thoughts for the Day Friday December 3, 2004 - 12:45:34 GMT

Euro @ 1.3288/92...Minor Bear SHS?
-----------------------------------
R: 1.3341-56 / 1.3390
S: 1.3268 / 1.3234 / 1.3189-75
The Euro is ranged between 1.3230-1.3340 for the next several hours. Brave Traders might consider selling near 1  More...    More...



Payroll reaction vital
INVESTICA Ltd Friday December 3, 2004 - 11:06:31 GMT

With neutral data, the more likely outcome for now is a for a period of consolidation and a gradual dollar correction stronger, especially as the central banks are likely to use careful Euro selling orders to support the US currency. A payroll report of over 250,000 could push the dollar to 1  More...    More...


FOREX: US OPEN MARKET POINTS 12-03-04
DailyFX.com Friday December 3, 2004 - 10:52:43 GMT

Waiting for the NFP

Usual lackluster trading session tonight ahead of the US Non-Farm payrolls due 13:30 GMT today. The Euro-zone eco data is typically bleak as every Service PMI report for the 3 major EU economies (Germany, France, Italy) shows declines from the previous month  More...    More...



Forex: Daily Forecast for the Euro vs U.S. Dollar 3rd December 2004
FX-Strategy Friday December 3, 2004 - 02:09:33 GMT

Price: ... 1.3264

Resistance: 1.3296 ... 1.3320 ... 1.3335 ... 1.3360
Support....: 1.3250 ... 1.3228 ... 1.3182 ... 1.3153

Bias: We look for 1.3296 to hold and for losses down to 1.3153-82

Bullish: The reversal from 1  More...    More...



Forex: Dollar Rallies Ahead Of Payrolls
DailyFX.com Thursday December 2, 2004 - 21:29:38 GMT

DailyFX Fundamentals 12-02-04

· Dollar Rallies Ahead Of Payrolls
· ECB Surprises Market By Contemplating Rate Hike
· UK Construction Sector Activity Stronger Than Expected

EURUSD

The euro gave back some of its recent gains against the US dollar as the ECB left interest rates unchanged  More...    More...



DOLLAR TESTS LEVELS SEEKING INTERVENTION
Forex.com Thursday December 2, 2004 - 20:03:35 GMT

The dollar fell below 102 yen to its lowest against the Japanese currency in nearly five years in early London trading, as the market tested how far Japan was willing to tolerate the impact of dollar weakness and yen strength. It was also reported that the head of General Motors Corp  More...    More...


Forex Market Commentary and Analysis (2 December 2004)
GCI Financial Thursday December 2, 2004 - 17:07:02 GMT



The euro unwound some recent gains vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3280 level after failing to get above the $1.3385 level overnight. European Central Bank policymakers convened today and left the main refinancing rate unchanged at 2  More...    More...



Extreme Caution required
FX Today Thursday December 2, 2004 - 14:51:42 GMT

As expected, the ECB left interest rates unchanged at 2.0%. ECB Chairman Trichet called for discipline when discussing the Euro. There was no evidence of near-term intervention, but there will still be a suspicion that the banks will act, at least covertly, to re-introduce 2-way risk into the market  More...    More...


Will Sterling break 2.00
INVESTICA Ltd Thursday December 2, 2004 - 13:32:08 GMT

Although attention is currently focussed on US dollar vulnerabilities, the fundamental differences between the US and UK economies are not large enough to justify substantial currency shifts. The UK housing sector imbalances are likely to be an important medium-term factor in curbing Sterling gains  More...    More...


FX Thoughts - Evening - 02/12/04.......1312 GMT
FX Thoughts for the Day Thursday December 2, 2004 - 13:19:02 GMT

Euro @ 1.3330/33....May yet see 1.3400-25
---------------------------------------------
R: 1.3361-68 / 1.3409
S: 1.3314-06 / 1.3296-80 / 1.3260-55
The Euro has shyed away from exceeding last Friday's high today, but remains in an immediate uptrend with chances of 1  More...    More...



FOREX: US OPEN MARKET POINTS 12-02-04
DailyFX.com Thursday December 2, 2004 - 11:03:35 GMT

Euro Stalls while Pound Flies

Another night, another set of terrible economic statistics out of the Euro-zone, as Germany the region’s largest economy reports a climb in it’s unemployment rate to 10.8% -- the highest in 6 years. Aggravating the situation further is the fact that employment in the country actually declined by –1K, the first such drop this year  More...    More...



Dollar due for a correction
INVESTICA Ltd Thursday December 2, 2004 - 10:41:08 GMT

Central bank policies will be an important short-term focus and dollar selling will tend to increase if there is no ECB backing for intervention. The markets are increasingly ignoring positive news for the US dollar. Although this illustrates deteriorating underlying dollar sentiment and fears over capital flows from the US, it also increases the risk of sharp correction  More...    More...


Forex: Daily Forecast for the Euro vs U.S Dollar 2nd December 2004
FX-Strategy Thursday December 2, 2004 - 01:46:25 GMT

Price: ... 1.3358

Resistance: 1.3365 ... 1.3395 ... 1.3425 ... 1.3475
Support....: 1.3334 ... 1.3306 ... 1.3270 ... 1.3247

Bias: Initial resistance is at 1.3395 and after a correction at 1.3425

Bullish: The 1  More...    More...



Forex: Another day, another new high in euro
DailyFX.com Wednesday December 1, 2004 - 21:31:30 GMT

DailyFX Fundamentals 12-01-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Holds On To Losses Despite More Good News From The US
· British Pound Climbs To a 12-Year High
· Japan’s Watanabe Suggests Collaborative Intervention By BoJ and ECB

EURUSD

Today we received more good news from the US, yet the dollar has once again failed to rally  More...    More...



Forex Market Commentary and Analysis (1 December 2004)
GCI Financial Wednesday December 1, 2004 - 16:34:36 GMT



The euro established a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3340 level and remained supported around the $1.3275 level. The climb higher from the $1.3180 level has been steady with no major spikes and very technically-driven  More...    More...



Data divergence offers dollar support
FX Today Wednesday December 1, 2004 - 15:21:06 GMT

The US ISM index strengthened to 57.8 in November from 56.8 in October and there were also significant increases in the orders and employment data. The contrast between the US and Euro-zone data should offer dollar support, although there will also be concerns that the US trade deficit will rise.    More...


GFT Daily Forex Market Commentary for weds., Dec. 1, 2004
GFT Wednesday December 1, 2004 - 14:30:03 GMT

GFT's Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading
https://www.gftforex.com/resources/daily.asp?date=1212004

The pound led the European currencies to new highs for their uptrend on Tuesday, but the euro and the franc failed to hold on to their gains  More...    More...



FX Thoughts - Evening - 01/12/04.......1257 GMT
FX Thoughts for the Day Wednesday December 1, 2004 - 13:17:36 GMT

Euro @ 1.3305/08....Ranged between 1.3226 and 1.3335
-----------------------------------------------------------------------
R: 1.3326-41 / 1.3375 / 1.3421
S: 1.3292-79 / 1.3248-30 / 1.3226-13
The pair has seen struggling to cross a stiff resistance at 1  More...    More...



FOREX: US OPEN MARKET POINTS 12-01-04
DailyFX.com Wednesday December 1, 2004 - 11:39:00 GMT

The Euro Finally Gives

The most surprising aspect of tonight’s trading session wasn’t the fact that Euro-zone Manufacturing contracted significantly during the past month but that the euro actually responded to negative economic news by finally selling off  More...    More...



Euro-zone fears boost Sterling
INVESTICA Ltd Wednesday December 1, 2004 - 11:31:32 GMT

The stronger than expected UK data will reduce expectations of an interest rate cut early next year. There is also the potential for dollar selling to be more concentrated against Sterling given the weak Euro-zone data and the lack of public Bank of England concern over Sterling strength  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar 1st December 2004
FX-Strategy Wednesday December 1, 2004 - 01:45:16 GMT

Price: ... 1.3307

Resistance: 1.3333 ... 1.3364 ... 1.3389 ... 1.3425
Support....: 1.3300 ... 1.3270 ... 1.3235 ... 1.3197

Bias: Mixed - though have a mild bearish preference

Bullish: The structure of the recovery from 1  More...    More...



Forex: Dollar Fails To Rally Following Stronger US GDP Growth
DailyFX.com Tuesday November 30, 2004 - 22:25:09 GMT

DailyFX Fundamentals 11-30-04

By Kathy Lien, Chief Strategist at www.dailyfx.com

· Dollar Fails To Rally Following Stronger US GDP Growth
· BoE Governor King Says “Serious Slowdown” An “Exaggeration”
· Yen Slides On More Evidence Of a Slowdown In Japanese Economy

EURUSD

The euro continues to hold onto its gains even as personal consumption picks up in the US, driving growth higher by 3  More...    More...



Forex: Bonds Catch Structural Flu From FX...Perhaps
Foreign Exchange Analytics Tuesday November 30, 2004 - 21:54:50 GMT

Bonds Catch Structural Flu From FX...Perhaps

One of the glaring inconsistencies in the weak dollar trade has been the question of funding the US current account deficit. While every currency trader from Auckland to New York has confidently sold dollars on the notion the US can't keep funding the growing external imbalance indefinitely implying a weaker dollar, finding a bond trader to say the same thing has been difficult if not impossible, well until Greenspan said so November19  More...    More...



Forex Market Commentary and Analysis (30 November 2004)
GCI Financial Tuesday November 30, 2004 - 16:34:12 GMT



The euro roared higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3330 level after testing bids around the $1.3235 level, the 100-hour moving average. Traders are paying close attention to testimony from European Central Bank President Trichet  More...    More...



data fails to boost dollar
FX Today Tuesday November 30, 2004 - 15:26:53 GMT

The Chicago PMI index was stronger than expected at 65.2 in November from 68.5 in October and the employment indicator was firm which may boost confidence in Friday's payroll report. Consumer confidence weakened to 90.5 in November from 92.9 in October as the expectations index declined, but GDP growth was firmer at 3  More...    More...


FX Thoughts - Evening - 30/11/04.......1246 GMT
FX Thoughts for the Day Tuesday November 30, 2004 - 13:18:15 GMT

Euro @ 1.3287/90.....Watch 1.3330
---------------------------------
R: 1.3308 / 1.3333 / 1.3411
S: 1.3286-72 / 1.3232-26
The European (as well as the Pound and Swissy) have risen sharpy in the last 2-3 hours. If the upmove continues past the Friday High near 1  More...    More...



Long-term dollar selling
INVESTICA Ltd Tuesday November 30, 2004 - 11:09:13 GMT

The yen will be restrained in the very short term by disappointing Japanese economic data, pressure for a covering of short dollar positions and reduced speculation over a yuan revaluation. There is, therefore, scope for a further dollar correction stronger, but substantial buying interest is unlikely  More...    More...


FOREX: US OPEN MARKET POINTS 11-30-04
DailyFX.com Tuesday November 30, 2004 - 11:05:12 GMT

Will High Yen Cause Recession in Japan?

Is Japan teetering on the edge of yet another recession? Yen bulls are starting to run out of excuses as tonight’s horrid eco data suggests that the Land of the Rising Sun may be close to the tipping point  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 30th November 2004
FX-Strategy Tuesday November 30, 2004 - 00:41:13 GMT

Price: ... 102.95

Resistance: 103.13 ... 103.42 ... 103.69 ... 104.17
Support....: 102.79 ... 102.55 ... 102.16 ... 102.00

Bias: We continue to prefer price remaining below 102.98-103.13 and for losses to 100.84

Bullish: We still feel the upside is limited and see resistance at 102  More...    More...



Forex: Dollar Strengthens Ahead Of US Data
DailyFX.com Monday November 29, 2004 - 22:56:22 GMT

DailyFX Fundamentals 11-29-04

By Kathy Lien, Chief Strategist www.dailyfx.com

· Dollar Strengthens Ahead Of US Data
· SNB Roth Warns Of Corrective Policy Action
· Japanese Yen Falls As Retail Sales Decrease More Than Expected

EURUSD

The dollar is stronger against the euro ahead of tomorrow’s busy US and Eurozone economic calendar  More...    More...



Forex Market Commentary and Analysis (29 November 2004)
GCI Financial Monday November 29, 2004 - 16:40:21 GMT



The euro moved marginally higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3290 level and was supported around the $1.3230 level. There are multiple prevailing themes in the market today. First, short-term technical support levels have held as the common currency has remained above the $1  More...    More...



Yield rise may offer dollar support
FX Today Monday November 29, 2004 - 14:56:25 GMT

US bond yields have rise to 4.4% for the first time since August on speculative bond selling. Sharp bond-price losses would be liable to unsettle US markets, but higher yields should still offer some dollar support. The net risks suggest dollar selling beyond 1  More...    More...


FX Thoughts - Evening - 29/11/04.......1220 GMT
FX Thoughts for the Day Monday November 29, 2004 - 12:51:52 GMT

Euro @ 1.3253/56...Immediate Support at 1.3240
------------------------------------------------
R: 1.3275-78 / 1.3303 / 1.3331
S: 1.3241 / 1.3180-77 / 1.3133
Immediate Support at 1.3241. While it holds, the Euro could rally towards 1  More...    More...



Weak dollar correction
INVESTICA Ltd Monday November 29, 2004 - 12:07:54 GMT

There is little immediate prospect of an improvement in underlying dollar sentiment with fears over a switch in reserves out of the dollar. Given the universal bearish dollar sentiment and high number of speculative dollar positions there is, however, the potential for at least a temporary correction  More...    More...


FOREX: US OPEN MARKET POINTS 11-29-04
DailyFX.com Monday November 29, 2004 - 11:20:37 GMT

Euro-Dollar: Back to Range?

So much for a nice quiet week. The EUR/USD managed to rise an astounding 3 big figures (300 points) last week despite the fact that most US trading desks were on skeleton crews from Wednesday onward and eco news was essentially non-existent  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 29th November 2004
FX-Strategy Saturday November 27, 2004 - 23:33:52 GMT

Price: ... 102.55

Resistance: 102.75 ... 103.03 ... 103.44 ... 103.70
Support....: 102.43 ... 102.27 ... 102.00 ... 101.60

Bias: Slightly mixed but prefer price remaining below 103.10 and for losses to 100.84

Bullish: A rather whippy day on Friday with loss of 102  More...    More...



Dollar under threat
INVESTICA Ltd Saturday November 27, 2004 - 11:05:07 GMT

Dollar sentiment will remain very weak in the short term with further concerns over the US current account deficit and potential financing difficulties. Events over the past week will increase fears over a diversification of global reserves away from the US currency, especially after the comments from Russia, although the actual data still suggests that capital is still flowing into the dollar  More...    More...


Forex:Yen Rallies As Japan Sees Largest Net Equity Inflow Since March
DailyFX.com Friday November 26, 2004 - 22:26:46 GMT

DailyFX Forex Fundamentals 11-26-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

·Euro Breaches 1.33 Against Dollar; Many Exporters Remain Partially Hedged
·UK GDP Confirmed at 0.4%; Outlook Remains Weak
·Yen Rallies As Japan Sees Largest Net Equity Inflow Since March

EURUSD

The euro rallied 300 pips or approximately 2  More...    More...



Dollar correction fails to hold
INVESTICA Ltd Friday November 26, 2004 - 16:23:06 GMT

The dollar corrected back to 1.3185 on Friday from a low of 1.3335, but the dollar was unable to sustain the recovery and dipped back to 1.3270 in late European trade. Underlying sentiment remains very weak and there will need to be a more decisive central bank dollar defence to produce a durable recovery and prevent fresh lows next week.    More...


Forex Market Commentary and Analysis (26 November 2004)
GCI Financial Friday November 26, 2004 - 14:49:56 GMT



The euro came off vis-à-vis the U.S. dollar today following an acute reversal during early European dealing around the US$ 1.3330 level, a fresh all-time high. Technicians note that long euro positions were quickly unwound to the $1.3185 level, around the pair’s 55-hour moving average  More...    More...



Sterling forges higher
INVESTICA Ltd Friday November 26, 2004 - 11:03:12 GMT

There will be further speculation that UK rates have peaked. Domestic factors will, however, still be a background focus with investors concentrating on wider dollar developments in the short term. The dollar risks have increased, but the US currency will offer medium-term value above 1  More...    More...


Forex: Daily Forecast for the British Pound vs U.S. Dollar 26th November 2004
FX-Strategy Friday November 26, 2004 - 01:38:49 GMT

Price: ... 1.8920

Resistance: 1.8940 ... 1.8970 ... 1.9000 ... 1.9041
Support....: 1.8895 ... 1.8865 ... 1.8830 ... 1.8786

Bias: While 1.8940-45 holds we are cautiously bearish for 1.8740-85

Bullish: Price was much stronger than expected, reaching not only our higher target at 1  More...    More...



ECB may be forced to act
FX Today Thursday November 25, 2004 - 14:35:02 GMT

The Euro has pushed above 1.32 to high of 1.3230 with no sign yet of central bank intervention. With the German IFO index deteriorating, there is an increasing chance of covert Euro selling by the ECB or increased verbal intervention to prevent an escalation in dollar selling.    More...


Dollar needs correction trigger
INVESTICA Ltd Thursday November 25, 2004 - 11:05:29 GMT

There is unlikely to be any relief from negative underlying dollar sentiment in the short term, with persistent concerns over the current account deficit and a switch out of dollar reserves by global central banks. The official comments on exchange rates will remain very important and there will also be a continuing focus on Asia  More...    More...


Forex: Mixed US Data Gives The Euro Further Cause To Rally
DailyFX.com Wednesday November 24, 2004 - 19:57:50 GMT

Daily Forex Fundamentals 11-24-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Mixed US Data Gives The Euro Further Cause To Rally
· Falling Inflation In German States and Stronger Euro Gives ECB Less Reason To Raise Rates
· Reweighting of MSCI Index Lends Support To The British Pound

EURUSD

The unwavering uptrend in the euro persists into the Thanksgiving Day holiday in the US  More...    More...



Much of the Same
Forex.com Wednesday November 24, 2004 - 19:31:53 GMT

The dollar continues to get decimated as leveraged players have again pushed EUR/USD to record highs. We saw an additional leg up in the pair as London fired up overnight. The move took out much of the short term barrier risk, as the 1.31 level was decisively breached and a run has been made at the 1  More...    More...


Forex: FX Market Be Thankful The Dollar Is A Turkey
Foreign Exchange Analytics Wednesday November 24, 2004 - 18:17:22 GMT

FX Market Be Thankful The Dollar Is A Turkey

Thanksgiving is a US holiday for sure (Canada has one in October). But this year it is a day that a larger global audience should be celebrating. The currency market should be thankful. Thankful that the market has come back from a rather dreadful year for the buy side after a promising Q1  More...    More...



US data fails to impress
FX Today Wednesday November 24, 2004 - 15:58:19 GMT

The US data was mixed. Durable goods orders fell 0.4% for October with a worrying decline in investment spending. The consumer confidence index rise was weaker than expected, but the jobless claims fell to the lowest level for over three years. Official dollar policies will continue to dominate for now.    More...


Forex Market Commentary and Analysis (24 November 2004)
GCI Financial Wednesday November 24, 2004 - 15:03:01 GMT



The euro moved higher vis-à-vis the U.S. dollar today as the single currency exploded to a new lifetime high around the US$ 1.3180 level. The retracement during Australasian dealing was virtually non-existent as the common currency easily barged through the $1  More...    More...



Will Asia dump the dollar?
INVESTICA Ltd Wednesday November 24, 2004 - 15:00:44 GMT

The ever-rising level of dollar reserves held in Asia poses a significant threat to the global stability. The US and Asia both have a powerful interest in avoiding a destabilising plunge in the dollar and a gradual adjustment is still realistic, especially if there is a US commitment to budget adjustment  More...    More...


Forex: G7 Plus China, Dollar Dysfunctional
Foreign Exchange Analytics Wednesday November 24, 2004 - 13:52:00 GMT

G7 Plus China, Dollar Dysfunctional

In the wake of the acrimonious G20 meeting (G7 ministers split over the weakening dollar) and presumably an at times prickly APEC meeting (Bush and Hu debated yuan policy), there are growing signs of disharmony in international economic relations  More...    More...



FX Thoughts - Evening - 24/11/04.......1150 GMT
FX Thoughts for the Day Wednesday November 24, 2004 - 13:06:15 GMT

Euro @ 1.3164/67....Holding Longs
-------------------------------------
R: 1.3183 / 1.3231 / 1.3283
S: 1.3089 / 1.3065-46 / 1.3022-04
Statistically projected Max High for the day is 1.3183. This may/ may not be exceeded today  More...    More...



Long-term fears damage dollar
INVESTICA Ltd Wednesday November 24, 2004 - 11:03:36 GMT

Overall dollar confidence will remain very fragile. There will be serious concerns over central bank reserves rebalancing which would involve further dollar selling and there will also be an increased risk of dollar selling by longer-term investors and companies  More...    More...


Forex: Daily Forecast for the British Pound vs U.S. Dollar 24th November 2004
FX-Strategy Wednesday November 24, 2004 - 00:45:45 GMT

Price: ... 1.8691

Resistance: 1.8700 ... 1.8728 ... 1.8751 ... 1.8768
Support....: 1.8649 ... 1.8625 ... 1.8605 ... 1.8570

Bias: While 1.8625 supports we look for a test of 1.8751 today followed by consolidation

Bullish: We feel the wave structure is begining to make more sense with yesterday's break higher from the supporting trend line and we feel there are more gains ahead  More...    More...



Dollar Trades Lower
Forex.com Tuesday November 23, 2004 - 20:17:14 GMT

The dollar traded lower as a new all time high in EUR/USD was reached into the European close. After meandering around the 1.3075 level, EUR/USD rammed itself as high as 1.3108 before settling back at 1.3080. Meanwhile, GBP/USD raced from 1.8615 to 1.8725 and USD/JPY soared from 102  More...    More...


Forex Market Commentary and Analysis (23 November 2004)
GCI Financial Tuesday November 23, 2004 - 16:30:57 GMT



The euro reversed course and moved higher vis-à-vis the U.S. dollar today as the single currency reclaimed the US$ 1.3095 level, an all-time high. The pair looked set to tackle the $1.3100 figure where an option barrier is said to be in place with protective offers below the figure  More...    More...



Market positioning slows Euro
FX Today Tuesday November 23, 2004 - 15:40:10 GMT

The dollar remains under pressure as investors try to trigger stop-loss and option-related Euro buying above 1.31. The dollar was also undermined by fresh reports that the Russian central bank will rebalances its reserves. The weight of long Euro positions will slow Euro gains.    More...


FX Thoughts - Evening - 23/11/04.......1205 GMT
FX Thoughts for the Day Tuesday November 23, 2004 - 12:58:48 GMT

Euro @ 1.3062/65....Chances of 1.31 by tomorrow?
-------------------------------------------------
R: 1.3074-78 / 1.3100-20
S: 1.3030-29 / 1.3016 / 1.2985-72
The 1.2963 Support remained well intact and the Euro has risen to 1.3074 already today  More...    More...



FX Thoughts - Evening - 23/11/04.......1205 GMT
FX Thoughts for the Day Tuesday November 23, 2004 - 12:58:23 GMT

Euro @ 1.3062/65....Chances of 1.31 by tomorrow?
-------------------------------------------------
R: 1.3074-78 / 1.3100-20
S: 1.3030-29 / 1.3016 / 1.2985-72
The 1.2963 Support remained well intact and the Euro has risen to 1.3074 already today  More...    More...



Forex: US Market Points
DailyFX.com Tuesday November 23, 2004 - 11:42:21 GMT

Dollar – the Week of the Bounce Back? (Next Update 11/28/04)


Little surprise out of the Euro-zone tonight as the German GDP data prints generally in line with expectations (0.1% vs. 0.1% consensus). Germany now has the dubious distinction of having the slowest projected rate of growth (1  More...    More...



Limited dollar recovery
INVESTICA Ltd Tuesday November 23, 2004 - 10:59:54 GMT

There will be persistent speculation over Asian currency gains which will offer strong yen backing. There will be near-term caution over the potential for Bank of Japan intervention, especially as the authorities may take advantage of a dollar correction to push the yen even weaker  More...    More...


Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc November 23rd 2004
FX-Strategy Tuesday November 23, 2004 - 00:31:19 GMT

Price: ... 1.1633

Resistance: 1.1649 ... 1.1665 ... 1.1686 ... 1.1710
Support....: 1.1606 ... 1.1577 ... 1.1540 ... 1.1505

Bias: While 1.1606 holds we prefer a bullish scenario to 1.1686-1.1705 before lower

Bullish: We have amended our sights here a little and look for 1  More...    More...



Weak dollar correction
FX Today Monday November 22, 2004 - 15:35:14 GMT

The US currency has settled close to 1.3035 in New York with some reluctance to sell the US currency aggressively despite a belief that the central banks will not intervene. Underlying sentiment will remain weak and the dollar will struggle to secure more than a weak recovery towards 1  More...    More...


Forex Market Commentary and Analysis (22 November 2004)
GCI Financial Monday November 22, 2004 - 14:53:31 GMT



The euro lost a small amount of ground vis-à-vis the U.S. dollar today in largely muted trading as the single currency tested offers around the US$ 1.3050 level and was supported around the $1.3010 level. There were no significant fireworks on the sidelines of the G20 summit in Berlin this weekend  More...    More...



Forex: Technicals may slow dollar decline in the short term.
CMC Monday November 22, 2004 - 13:45:23 GMT

The greenback looks set to remain under siege in the coming days as rising
oil prices compound the outcome of the weekend’s G20 summit in Berlin.
Central banks are unwilling to intervene in the dollar’s slide, leaving the
FOMC to contemplate further rate hikes, but such action risks stifling
economic growth and exaggerating the already bad trade deficit  More...    More...



FX Thoughts - Evening - 22/11/04.......1217 GMT
FX Thoughts for the Day Monday November 22, 2004 - 12:33:40 GMT

Euro @ 1.3041/4...Watch today's Close
--------------------------------------
R: 1.3050-66 / 1.3109 / 1.3138
S: 1.3019-13 / 1.3007-05 / 1.2978 / 1.2956-48
Currently ranged between 1.3000-60; need to see where the market closes today  More...    More...



FOREX: US OPEN MARKET POINTS 11-22-04
DailyFX.com Monday November 22, 2004 - 11:23:40 GMT

Dollar - G-20 Affects Nothing

As John Snow charged that US Current Account deficit was partly the fault of stagnant European economies while Gerhard Shroeder attacked US Budget deficits as the primary cause of the dollar decline, blame seemed to have been the only active policy adopted by the G-20 meeting  More...    More...



Renewed pressure on ECB
INVESTICA Ltd Monday November 22, 2004 - 11:14:34 GMT

Dollar sentiment will remain very bearish, especially after the comments from Greenspan on Friday. Without decisive action by the G7 officials the dollar will remain vulnerable to selling pressure and underlying depreciation is liable to continue. High yields will, however, offer support to the US currency and there are also a high number of speculative short dollar positions  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar 22nd November 2004
FX-Strategy Sunday November 21, 2004 - 09:04:57 GMT

Price: ... 1.3025

Resistance: 1.3040 ... 1.3066 ... 1.3090 ... 1.3134
Support....: 1.3012 ... 1.2980 ... 1.2952 ... 1.2925

Bias: We look for 1.2980-00 to support and for gains to reach 1.3134 & probably 1.3168-88

Bullish: As expected we saw price rally back towards the 1  More...    More...



Forex: Greenspan highlights dollar risks
INVESTICA Ltd Saturday November 20, 2004 - 12:19:37 GMT

There will be further speculation that US officials will condone steady dollar depreciation to help ease the current account deficit, especially after the comments from Fed Chairman Greenspan and Treasury Secretary Snow over the last week. There is also very little chance that the US will back near-term intervention to stem dollar losses unless markets become disorderly or other US assets start to weaken sharply  More...    More...


Friday Commentary
Forex.com Friday November 19, 2004 - 19:20:00 GMT

The dollar gave back all of its gains and then some as traders scrambled to put back on USD shorts at the pivotal 1.3000 and 103.70 levels. In a frenetic trading session, EUR/USD roared back from 1.2941 to 1.3070 as USD/JPY nosedived from 104.25 to an alarming 102  More...    More...


Forex Market Commentary and Analysis (19 November 2004)
GCI Financial Friday November 19, 2004 - 19:05:14 GMT



The euro appreciated to fresh lifetime highs vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3070 level. Traders were glued to a speech given by Fed Chairman Greenspan, European Central Bank President Trichet, and Bank of Japan Deputy Governor Iwata in Frankfurt ahead of the G20 meetings this weekend in Berlin  More...    More...



Greenspan unsettles dollar
FX Today Friday November 19, 2004 - 13:52:47 GMT

In prepared remarks at the European Banking Congress, Fed Chairman Greenspan warned over the US current account deficit. Although he stated that large deficits have been corrected without serious difficulties, complacency would be a risk. This is liable to reinforce market expectations that the administration will be happy with a slow dollar decline and the dollar has weakened to 1  More...    More...


Forex: Will Greenspan show a new hand in Germany?
CMC Friday November 19, 2004 - 12:44:20 GMT

The dollar continues to grind lower as comments from the Central banks
again suggest that intervention is not the way forward and instead the
markets should decide on what represents fair value. After the high profile
runs on currencies in recent years, this strategy perhaps is of little
surprise, but traders will be closely watching the comments of Greenspan
and Trichet at today’s meeting in Frankfurt to see that there’s no
indication of this policy changing  More...    More...



FX Thoughts - Evening - 19/11/04.......1214 GMT
FX Thoughts for the Day Friday November 19, 2004 - 12:19:05 GMT

Euro @ 1.3032/5.....Fresh strength? Careful
------------------------------------------
R: 1.3035-50 / 1.3074
S: 1.2992-81 / 1.2956-32 / 1.2897-78
The small rally to 1.2985-3000 that we were looking for has morphed into a bigger rally and may extend up towards 1  More...    More...



Yen to strengthen further
INVESTICA Ltd Friday November 19, 2004 - 10:59:22 GMT

Underlying yen strength is likely to continue due to dollar vulnerability and speculation over regional currency gains. There will be market caution as the US dollar approaches the 103.5 level, especially with concerns over the threat of intervention. The yen will gain strongly next week if there are any announcements over a stronger Chinese yuan at the weekend APEC summit  More...    More...


FOREX: US OPEN MARKET POINTS 11-19-04
DailyFX.com Friday November 19, 2004 - 10:46:04 GMT

Euro- Rising into G-20

With dealers quickly covering the shorts that they printed in this week’s run up to 1.3075, EUR/USD found support around 1.2940 in early European trade and started to mount an assault once more on the psychologically important 1  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 19th November 2004
FX-Strategy Friday November 19, 2004 - 01:25:08 GMT

Price: ... 104.33

Resistance: 104.40 ... 104.57 ... 104.70 ... 105.15
Support....: 104.03 ... 103.80 ... 103.52 ... 103.14

Bias: While 104.57 holds we remain bearish to 103.52 at least and suspect to 102.75-80

Bullish: The dip yesterday reached to just above oour 103  More...    More...



Market Commentary
Forex.com Thursday November 18, 2004 - 19:41:13 GMT

The dollar gained against all of it s G-7 counterparts even though there were no real changes in the “fundamentals” that have been sending the greenback downward. In a classic case of all the USD longs being taken out on moves thru 1.3050 and 103.70, EUR/USD knifed from 1  More...    More...


Forex: Dollar Rallies on Pre-Greenspan Profit Taking Despite Weaker US Data
DailyFX.com Thursday November 18, 2004 - 19:22:32 GMT

DailyFX Forex Fundamentals 11-18-2004

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Russia Announces Decision To Increase Euro Reserve Holdings
· Dollar Rallies on Pre-Greenspan Profit Taking Despite Weaker US Data
· Pound Weaker On Disappointing UK Retail Sales Report

EURUSD

Profit taking ahead of tomorrow’s speech on the euro by Greenspan, Trichet and Iwata has brought the euro back below 1  More...    More...



Divisions would damage dollar
FX Today Thursday November 18, 2004 - 17:14:52 GMT

The Philadelphia Fed index was slightly weaker than expected at 20.7 for November from 28.5 in October, but the employment indicator was firm. The market attention will remain fixed on official comments. Any evidence of divisions between Europe and the US at the G20 meetings starting tomorrow would result in fresh dollar selling.    More...


Forex Market Commentary and Analysis (18 November 2004)
GCI Financial Thursday November 18, 2004 - 15:26:17 GMT



The euro established a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3075 level before moving back to the $1.3000 figure during early North American dealing. Stops were hit above the $1  More...    More...



Forex: Traders see dollar slide with little likelihood of Central Banks' intervention.
CMC Thursday November 18, 2004 - 12:45:48 GMT

The dollar continues its downward run against major world currencies as
> traders remain convinced that central banks can do little to offer any
> significant support in the near term. As a result, we saw Sterling make a
> temporary move past the long-standing resistance point of 1  More...    More...



FX Thoughts Evening - 18/11/04 - 1130 GMT
FX Thoughts for the Day Thursday November 18, 2004 - 11:59:12 GMT

Euro @ 1.3042/5....Tighten TSL further
-------------------------------------
R: 1.3077-80 / 136.16-36 / 136.44-60
S: 1.3035-25 / 1.3008 / 1.2990
The Euro has found Sellers at 1.3077, so we have to be careful with our Long now  More...    More...



FOREX: US OPEN MARKET POINTS 11-18-04
DailyFX.com Thursday November 18, 2004 - 11:38:39 GMT

Euro- Buy the Retrace?

Japan’s Vice Finance Minister Koichi Hosokawa warned tonight that firm action will be taken if necessary in the FX market and said that it was important that rates move in a stable manner, reflecting fundamentals. Most market players do not think that BOJ will intervene before the G-20 meeting this weekend  More...    More...



US stance hurts dollar
INVESTICA Ltd Thursday November 18, 2004 - 11:07:23 GMT

There will be further speculation that no measures to support the dollar will be taken at or after the weekend G20 meeting. There will also be speculation over divisions between the US and Europe. These factors will keep the dollar on the defensive initially and the markets will tend to ignore firm US data given the focus on the US current account deficit  More...    More...


Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 18th November 2004
FX-Strategy Thursday November 18, 2004 - 01:20:13 GMT

Price: ... 104.10

Resistance: 104.20 ... 104.45 ... 104.65 ... 105.00
Support....: 103.78 ... 103.52 ... 103.30 ... 102.80

Bias: While 104.45-65 holds we are bearish to 103.52 at least and suspect to 102.75-80

Bullish: We feel the decline has not reached a low as yet  More...    More...



Forex: Euro Above 1.30 On Snow Comments
DailyFX.com Wednesday November 17, 2004 - 22:41:32 GMT

DailyFX Forex Fundamentals 11-17-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

·Euro Blows Past 1.30 On Snow Comments
·Dollar Yen Falls to Weakest Level in 7 Months
·Stronger US CPI and Industrial Production Provides No Respite For Dollar

EURUSD

It was only a matter of time that the euro would rally beyond its previous high of 1  More...    More...



The Bears On Parade
Forex.com Wednesday November 17, 2004 - 19:54:04 GMT

The Dollar further declined against all of its G7 counterparts in the New York trading session. EUR/USD finally broke through the 1.3000 level and hit a high of 1.3040/45 and has traded in a range between 1.3040-1.3000 for the remainder of the session. There have been many comments from throughout the EU about the steep rise of the Euro, but the market is still waiting for action rather than the slew of comments to come  More...    More...


China set to revalue yuan
INVESTICA Ltd Wednesday November 17, 2004 - 16:15:52 GMT

There will be further speculation over a Chinese revaluation and it will be increasingly difficult to resist a move, especially if the US dollar continues to slide. A policy shift will be difficult to manage, especially as limited move would risk a further increase speculative capital inflows  More...    More...


Forex:Euro/Dollar continues to test 1.305 resistance.
CMC Wednesday November 17, 2004 - 15:26:06 GMT

The dollar continues to slide against many major currencies as the market
struggles to see any quick solution to the US trade gap issue. Although
indications are now suggesting that the deficit is starting to contract and
lower oil prices will doubtless help this process further, suggestions from
the Fed that the blame actually lies with overseas economies not expanding
quickly enough could be construed as being somewhat short sighted  More...    More...



Forex Market Commentary and Analysis (17 November 2004)
GCI Financial Wednesday November 17, 2004 - 14:49:26 GMT



The euro established a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3050 level after rocketing through the psychologically-important US$ 1.3000 figure. Traders dumped dollars en masse following benign comments from U  More...    More...



On the big picture
Trendways Wednesday November 17, 2004 - 14:37:39 GMT

Without saying that next year EUR/$ can't trade at 1.35 or 1.40, I think we must keep things in perspective. I wrote on Tuesday on TT that $/DEM lost 62% of its value when it hit 1.34 from 3.48 in 1985. However, during the first 3-4 years we had a very steep decline from 3  More...    More...


CPI jump unlikely to reverse dollar sentiment
FX Today Wednesday November 17, 2004 - 13:43:04 GMT

US consumer prices rose by a larger than expected 0.6% for October as energy prices rose 4.2%, but the underlying rate matched expectations at 0.2%. December rate expectations should harden, but the market is not in the mood to take notice and it will be difficult to reverse dollar selling pressure.    More...


FX Thoughts - Evening - 17/11/04.......1211 GMT
FX Thoughts for the Day Wednesday November 17, 2004 - 13:15:03 GMT

Euro @ 1.3024/7....Taking chance for 1.3089 tomorrow
-----------------------------------------------------
R: 1.3041-51 / 1.3080 / 1.3121
S: 1.3022 / 1.2990 / 1.2977-63
Fresh rise past 1.30, Support now at 1.3020 and 1.2990. While the Euro stays above these today, there would be chances of a further rise towards 1  More...    More...



GFT Daily Forex Market Commentary for Wednesday, November 17, 2004
GFT Wednesday November 17, 2004 - 13:09:23 GMT

GFT Forex Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=11172004)

While it’s been struggling to recover so far this week, the dollar remains in a downtrend. It will continue to consolidate at around these levels on Wednesday, so expect more choppy trading  More...    More...



Further dollar losses likely
INVESTICA Ltd Wednesday November 17, 2004 - 10:55:48 GMT

Underlying dollar sentiment will remain weak and there will also be a general flow of funds into Asian currencies on speculation over a Chinese yuan revaluation. There has been no evidence of Bank of Japan intervention so far and this will increase the risk of a dollar decline to 103  More...    More...


FOREX: US OPEN MARKET POINTS 11-17-04
DailyFX.com Wednesday November 17, 2004 - 10:48:27 GMT

Euro, Yen Break Barriers - Is Dollar Weakness Geo-Political?

Latest USD eco data has done nothing but surprise to the upside. Non Farm Payrolls reported 337K versus 176K. Trade Balance deficit contracted from -$54B to -$51B while capital inflows according to TICS expanded from $58  More...    More...



Forex: Daily Forecast for the Euro vs U.S. Dollar 17th November 2004
FX-Strategy Wednesday November 17, 2004 - 00:33:47 GMT

Price: ... 1.2958

Resistance: 1.2982 ... 1.3003 ... 1.3030 ... 1.3065
Support....: 1.2935 ... 1.2914 ... 1.2873 ... 1.2848

Bias: While 1.2935-45 holds we cautiously remain bullish for 1.3100 & 1.3188

Bullish: The 1  More...    More...



Forex: Dollar Fails To Rally Despite Soaring Producer Prices and Increasing Foreign Investments
DailyFX.com Tuesday November 16, 2004 - 21:35:11 GMT

DailyFX Forex Fundamentals 11-16-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Fails To Rally Despite Soaring Producer Prices and Increasing Foreign Investments
· Euro Remains Strong As EU Finance Ministers Fail To Ask For ECB Intervention
· UK RICS House Price Balance Falls To 12 Year Low

EURUSD

The euro continues to take stabs at the 1  More...    More...



DOLLAR FAILS TO GAIN GROUND ON POSITIVE DATA
Forex.com Tuesday November 16, 2004 - 19:10:23 GMT

The Dollar failed to gain any significant ground on the back of some very positive data out of the Treasury department this morning. U.S Producer Price Index exploded 1.7 percent in October and this was almost three times what the market had priced in. At 9am the Treasury data was released and it showed net foreign purchases all securities rose to 63  More...    More...


Forex Market Commentary and Analysis (16 November 2004)
GCI Financial Tuesday November 16, 2004 - 17:12:56 GMT



The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2995 level before backing off. The move to an intraday high was an asymmetric response to U.S. economic data that saw the October headline producer price come in at +1  More...    More...



FX Thoughts - Evening - 16/11/04.......1225 GMT
FX Thoughts for the Day Tuesday November 16, 2004 - 13:21:17 GMT

Euro @ 1.2976/79....Chances of 1.31
------------------------------------
R: 1.2986-99 / 1.3019
S: 1.2951-44-33 / 1.2919
The Support at 1.2925-17 has held and the Euro has bounced a bit, holding the overall uptrend. A rise past 1  More...    More...



Forex: Rice appointment not seen as Dollar friendly.
CMC Tuesday November 16, 2004 - 13:08:22 GMT

Some brief respite for the Dollar yesterday has given way to renewed
weakness across the board as the prevailing downtrend maintains the upper
hand. The perception that the US are at ease with a gradually declining
Dollar only reinforces downward pressure  More...    More...



FOREX:US OPEN MARKET POINTS 11-16-04
DailyFX.com Tuesday November 16, 2004 - 10:59:57 GMT

US Dollar – TICS on Tap

So much for verbal intervention. Comments from Luxembourg Finance Minister Jean-Claude Junker that US Government 'apply the strong USD policy' and that it was not in the interest of the US to have either its currency decline or for the Euro-zone growth to be weak, fell on deaf ears as traders rallied the euro in anticipation of yet another weak TICS report  More...    More...



Capital data crucial for dollar
INVESTICA Ltd Tuesday November 16, 2004 - 10:52:36 GMT

Immediate direction will be set by the US Treasury capital flows report today. A figure below US$50bn would be likely to damage the US currency and overall US dollar sentiment will remain weak. There are, however, a very large number of short dollar positions and the US currency will also gain support from a decline in oil prices and higher equity prices  More...    More...


Forex: Daily Commentary for the Euro vs U.S. Dollar 16th November 2004
FX-Strategy Tuesday November 16, 2004 - 01:04:00 GMT

Price: ... 1.2932

Resistance: 1.2953 ... 1.2970 ... 1.2995 ... 1.3030
Support....: 1.2925 ... 1.2906 ... 1.2883 ... 1.2850

Bias: While 1.2883-1.2906 holds we cautiously remain bullish for 1.3100 & 1.3188

Bullish: As expected we have seen a pullback from the 1  More...    More...



Forex: Battle Of The Central Bankers Keeps Euro Trapped
DailyFX.com Monday November 15, 2004 - 22:56:45 GMT

DailyFX Forex Fundamentals 11-15-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Battle Of The Central Bankers Keeps Euro Trapped
· US Not Likely To Be Interested In Forex Intervention According To EU Alumnia
· Empire State Manufacturing Survey Weakens


EURUSD

The euro begins the week trapped between 1  More...    More...



Treading Water
Forex.com Monday November 15, 2004 - 19:37:07 GMT

The euro traded heavy today as the greenback was given a boost, but is it temporary or the start of something bigger. The rhetoric being spewed out by the EU officials has been helpful or harmful? Can’t say for sure but it does seem to be working as the euro has once again trade off its high near the 1  More...    More...


Forex Market Commenatry and Analysis (15 November 2004)
GCI Financial Monday November 15, 2004 - 16:11:56 GMT



The euro weakened vis-à-vis the U.S. dollar today as the single currency tested offers around the psychologically-important US$ 1.3000 figure today before moving back to the $1.2935 level. This represents the second time in one week that the common currency has tested this important level and it is the second time it has failed to move through it  More...    More...



GFT Daily Forex Market Commentary Monday, November 15, 2004
GFT Monday November 15, 2004 - 14:00:32 GMT

GFT Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (http://www.gftforex.com/resources/daily.asp?date=11152004)

The dollar encountered further losses on Friday, but this weakness should persist only against the Japanese yen  More...    More...



Forex: Structural worries continue to beset Dollar.
CMC Monday November 15, 2004 - 13:27:18 GMT

The Dollar attempted to rally Friday after another set of Dollar friendly
economic numbers were posted. Retail sales excluding autos rose by a
stronger than expected 0.9%m/m and the November University of Michigan
consumer sentiment survey rose to 95  More...    More...



FOREX: US OPEN MARKET POINTS 11-15-04
DailyFX.com Monday November 15, 2004 - 11:15:25 GMT

Euro – Hits the 1.30 Ceiling?

Absent any meaningful economic news, the EUR/USD action tonight is driven by the battle of the quotes. Supporting dollar bulls US Treasury Secretary John Snow reiterated, “We support a strong dollar -- a strong dollar is in America's interest  More...    More...



Dollar faces Asian pressures
INVESTICA Ltd Monday November 15, 2004 - 11:01:47 GMT

There will further suspicion that the US authorities will quietly encourage dollar depreciation to help ease trade concerns and US comments on exchange rates will remain very important. Overall, the Japanese authorities are likely to bank on private dollar demand and importer US currency buying to defend the 105  More...    More...


Forex: Daily Forecast for the Euro vs U.S. Dollar November 15th 2004
FX-Strategy Sunday November 14, 2004 - 09:03:02 GMT

Price: ... 1.2976

Resistance: 1.2987 ... 1.3003 ... 1.3030 ... 1.3065
Support....: 1.2943 ... 1.2930 ... 1.2900 ... 1.2875

Bias: Mixed - but cautiously we feel there is a risk of pullback to 1.2920-30 before higher

Bullish: Much as expected we saw the rally to the 1  More...    More...



Forex: Dollar faces fresh lows
INVESTICA Ltd Saturday November 13, 2004 - 11:45:12 GMT

The dollar will continue to be undermined by fears over the current account deficit and there will be concerns that the budget deficit will not be tackled by the administration. The most recent growth indicators have offered support to the US currency and there will be expectations that US Federal Reserve interest rates increases will continue  More...    More...


Forex: Euro Strengthens As ECB Intervention Unlikely
DailyFX.com Friday November 12, 2004 - 22:26:19 GMT

DailyFX Forex Fudamentals 11-12-04

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Euro Strengthens As ECB Intervention Unlikely
· Dollar Weakens Despite Stronger Retail Sales Ex-Autos
· Weaker GDP Growth In Europe and Japan

EURUSD

The euro rallied for the second consecutive day as it attempts to take another stab at the psychologically important 1  More...    More...



The Dollar gets Slammed
Forex.com Friday November 12, 2004 - 20:01:30 GMT

The dollar got slammed in spite of good readings out of the Retail Sales sector as well as University of Michigan Survey. EUR/USD plowed from 1.2875 to 1.2985 while USD/JPY, still trading offered in light of last night’s Japanese GDP number, fell from 106  More...    More...


Forex Market Commentary and Analysis (12 November 2004)
GCI Financial Friday November 12, 2004 - 15:18:36 GMT



The euro was little changed vis-à-vis the U.S. dollar today as the single currency remained supported around the US$ 1.2885 level but failed to get through the $1.2940 level. Data released in the eurozone today saw Q3 EMU-12 GDP consistent with expectations, up +0  More...    More...



Forex: Review of main dollar pairs.
CMC Friday November 12, 2004 - 13:16:12 GMT

Key influencing data due today is US October Retail sales at 13.30gmt and expected to come in at +0.1% with the ex-auto number expected at +0.6%. This is followed at 14.45 gmt with US Nov University of Michigan confidence numbers which are expected to improve to 93  More...    More...


Where next for the dollar?
INVESTICA Ltd Friday November 12, 2004 - 10:44:17 GMT

Dollar sentiment will remain weak with markets still convinced that the US currency will face further depreciation to fresh record lows over the next few weeks. The ECB warning comments will discourage near-term aggressive dollar selling and there is the potential for a covering of short positions which will encourage a further near-term market consolidation  More...    More...


FOREX: US OPEN MARKET POINTS 11-12-04
DailyFX.com Friday November 12, 2004 - 10:40:58 GMT

Yen and Euro - Growth Contracts all Over

GDP night for both yen and the euro and the numbers are weak. In Japan the preliminary Q3 data prints a woefully small 0.3% versus 2.1% anticipated - a far cry from the 6.3% growth rates posted at the beginning of the year  More...    More...



Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 12th November 2004
FX-Strategy Friday November 12, 2004 - 01:03:08 GMT

Price: ... 1.1770

Resistance: 1.1790 ... 1.1827 ... 1.1860 ... 1.1886
Support....: 1.1760 ... 1.1740 ... 1.1695 ... 1.1660

Bias: Initial range trading between 1.1735 - 1.1830 then trade with break

Bullish: The spike down to 1  More...    More...



Forex: US Auto Sales Expected To Retrace In October
DailyFX.com Thursday November 11, 2004 - 21:08:41 GMT

DailyFX Fundamentals 11-11-2004

By Kathy Lien, Chief Strategist of www.dailyfx.com

  • US Auto Sales Expected To Retrace In October

  • Germany Grows At Weakest Pace Since Rebounding From Recessionary Conditions

  • Swiss Franc Benefits From Uncertainty In Middle East


  • EURUSD

    With many US foreign exchange traders off for the Veteran’s Day holiday, trading in the EURUSD has been relatively quiet  More...    More...



    Stuck In Nuetral
    Forex.com Thursday November 11, 2004 - 19:05:39 GMT

    Last night's comments from Italian Finance Minister Siniscalo that there has been "talk" of coordinated intervention by EU central banks suggests a much greater level of concern about Euro among policy makers. The comments fit with French Finmin Sarkozy's comments this week that "anxiety" is to do with US deficits  More...    More...


    Forex Market Commentary and Analysis (11 November 2004)
    GCI Financial Thursday November 11, 2004 - 16:09:36 GMT



    The euro was little changed vis-à-vis the U.S. dollar today as the single currency traded in a lackluster range following yesterday’s volatile activity. Rumours abound that a Eurosystem national bank sold euros in size just above the US$ 1  More...    More...



    GFT Daily Forex Market Commentary for Thursday, November 11, 2004
    GFT Thursday November 11, 2004 - 13:58:57 GMT

    GFT Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=11112004)

    On a background of falling oil prices, rising stocks and tightening borrowing costs in the US, rumors of covert central bank intervention and overt threats from European officials to intervene and weaken currencies all helped but a floor under the dollar  More...    More...



    Forex:Dollar visits old highs.
    CMC Thursday November 11, 2004 - 12:50:49 GMT

    Nov.11th 0600EST- Yesterday the Euro posted a new all time high but stalled at the psychological 1.3000 zone and has since retreated back below the old 1.2925 /30 all time high. A combination of factors have introducing some uncertainty on the re-visit to the old highs  More...    More...


    Dollar aims for further correction
    INVESTICA Ltd Thursday November 11, 2004 - 11:14:08 GMT

    The potential for further interest rate increases from the Fed will offer the US currency some support especially as it will start to deter carry trades using the US dollar as a funding currency. The lower trade deficit will provide some initial relief, but the underlying current account concerns will persist and overall dollar sentiment will remain weak  More...    More...


    FOREX: US OPEN MARKET POINTS 11-11-04
    DailyFX.com Thursday November 11, 2004 - 10:48:35 GMT

    Clearing the Books

    Not the substantially better than expected Trade Balance numbers (-$51.6B vs. -$54B consensus) nor the looming Fed funds rate hike to ECB parity (2.00%) could keep the dollar from declining yesterday morning as dealers set their sights on the 1  More...    More...



    Forex: Euro Flips After Breaching $1.30
    DailyFX.com Wednesday November 10, 2004 - 22:51:26 GMT

    DailyFX Forex Fundamentals 11-10-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Federal Reserve Raises Rates By Quarter Point, No Significant Changes To Statement
    · US Trade Deficit Narrows To $51.6 Billion As Weaker Dollar Boost Exports
    · Japanese Cabinet Expected To Downgrade Assessment Of Economy In November Report

    EURUSD

    The Euro breached the 1  More...    More...



    Forex Market Commentary and Analysis (10 November 2004)
    GCI Financial Wednesday November 10, 2004 - 19:33:40 GMT



    The euro was very volatile vis-à-vis the U.S. dollar today as the single currency reached a fresh lifetime high above the US$ 1.3000 figure before coming off sharply. Some traders claimed a Eurosystem national bank was seen selling euros right above the figure but this has yet to be confirmed  More...    More...



    FX Thoughts - Evening - 10/11/04.......1203 GMT
    FX Thoughts for the Day Wednesday November 10, 2004 - 13:17:12 GMT

    Euro @ 1.2973/6...Watch 1.2989
    ---------------------------------------
    R: 1.2971 / 1.2987-89
    S: 1.2950 / 1.2932 / 1.2917
    Seems to have shot up in a thin market and is trading near the statistically projected high for the day at 1  More...    More...



    Limited Swiss retreat likely
    INVESTICA Ltd Wednesday November 10, 2004 - 11:21:43 GMT

    Lower oil prices and equity-market gains will tend to erode Swiss franc support on economic grounds, but the political risk premium is likely to remain relatively high. Overall, the Swiss franc still offers little value below 1.18 level against the US currency even though the dollar will struggle to make significant gains  More...    More...


    FOREX: US OPEN MARKET POINTS 11-10-04
    DailyFX.com Wednesday November 10, 2004 - 10:23:41 GMT

    Dollar Starts It’s Retrace (Sort of)

    Since the beginning of the week we have argued that neither the yen nor the euro could maintain their parabolic rises against the dollar supported by sentiment alone. Tonight the FX market seems to partially agree with yen trading lower against the greenback as deteriorating fundamentals in the region stop the dollar bears in their tracks  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc November 10th
    FX-Strategy Wednesday November 10, 2004 - 00:47:23 GMT

    Price: ... 1.1845

    Resistance: 1.1865 ... 1.1900 ... 1.1925 ... 1.1940
    Support....: 1.1825 ... 1.1795 ... 1.1770 ... 1.1750

    Bias: While 1.1795-1.1825 holds we remain cautiously bullish for 1.1925-40 at least

    Bullish: The 1  More...    More...



    Forex: Dollar Rallies With Fed Rate Hike Expected
    DailyFX.com Tuesday November 9, 2004 - 21:23:10 GMT

    DailyFX Forex Fundamentals 11-09-04

    By Kathy Lien, Chief Strategist www.dailyfx.com

    · Dollar Rallies As Fed Expected To Raise Rates By Quarter Point
    · European Commission Backs Trichet’s Position On Euro
    · German Investor Confidence Dips to 23 month low

    EURUSD

    The euro continues to slide as verbal intervention picks up steam increasing the risk of the retracement in the euro becoming another top  More...    More...



    USD Crossroads
    Forex.com Tuesday November 9, 2004 - 18:50:54 GMT

    The EUR/USD still looks as if it is not ready to break through 1.3000. After Asian session’s highs, EUR/USD has slid back down closer to 1.2900 rather than 1.300. It opened up the New York session @ 1.2905/10 and has rallied no higher than 1.2930/35. It seems that talk out of Germany again may have had a serious cooling effect as their statement of a 1  More...    More...


    Forex: Better Euro yields will weigh heavily on the dollar.
    CMC Tuesday November 9, 2004 - 14:56:59 GMT

    The dollar has regained a little ground in early trade, but this is being seen more as a short term adjustment rather than any longer term change of sentiment in the market. Tomorrow’s FOMC meeting may offer some further direction, but the trade deficit remains a problem and indeed a very good incentive for the Fed to permit a softer greenback over the coming months  More...    More...


    Forex Market Commentary and Analysis (9 November 2004)
    GCI Financial Tuesday November 9, 2004 - 14:56:14 GMT



    The euro ceded some more gains vis-à-vis the U.S. dollar today as the single currency fell to the US$ 1.2885 level before reclaiming the $1.2900 figure. The pair was unable to advance past the $1.2940 and from there was driven lower in a technical move than saw stops reached below the $1  More...    More...



    GFT Daily Forex Market Commentary Tuesday, November 09, 2004
    GFT Tuesday November 9, 2004 - 13:48:31 GMT

    GFT Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=1192004)

    The heavily oversold dollar recovered on Monday from new lows for its stubborn downtrend with the help of ECB President Jean-Claude Trichet  More...    More...



    FOREX: US OPEN MARKET POINTS 11-09-04
    DailyFX.com Tuesday November 9, 2004 - 11:01:33 GMT

    Sentiment Blues

    In Japan the Eco Watchers survey which monitors the general business sentiment of barbers, taxi drivers, waiters and other service related workers printed a disappointing 46.4 versus 47.3 for the prior month. We have always liked “the man in the street” quality of the survey because we felt it accurately reflected the true business conditions in the field  More...    More...



    Asian policies remain vital
    INVESTICA Ltd Tuesday November 9, 2004 - 10:58:43 GMT

    There will be further speculation over medium-term dollar losses, especially with continuing pressure for regional currency realignments and appreciation against the US currency. Defence of options positions will tend to deter near-term market attacks on the 105  More...    More...


    Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Tuesday November 9, 2004 - 08:35:17 GMT

    Trichet's Verbal Intervention Knocks EUR/USD back to support, but EUR/USD may be ready to rally to just short of 1.3100

    Anticipation of whether the Fed will change its statement at tomorrow's FOMC meeting the key event risk through tomorrow  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen November 9th 2004
    FX-Strategy Tuesday November 9, 2004 - 00:55:50 GMT

    Price: ... 105.55

    Resistance: 105.75 ... 105.90 ... 106.30 ... 106.65
    Support....: 105.40 ... 105.27 ... 104.95 ... 104.60

    Bias: Trade the break of yesterday's range - we still prefer higher to 106.65-85

    Bullish: The 105  More...    More...



    Forex: ECB President Trichet Warns That “Brutal” Moves in Euro Unwelcome
    DailyFX.com Monday November 8, 2004 - 22:22:11 GMT

    Daily Forex Fundamentals 11-08-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · ECB President Trichet Warns That “Brutal” Moves in Euro Unwelcome
    · UK Producer Prices (Output) Surge By Fastest Pace In Nine Years
    · Rumors Of Chinese Selling and Yuan Revaluation Weighs On Dollar

    EURUSD

    Back in January and February of this year, comments from Eurozone officials have marked the top in the euro  More...    More...



    Monday Blues
    Forex.com Monday November 8, 2004 - 20:21:06 GMT

    The NY session was very uneventful today as we worked a range of 1.2905 to 1.2965. The dollar once again is not able to show any signs of life after the NFP number on Friday. Most in this market are very content to now buy euro on every dip and sell the dollars on every rally until proven wrong  More...    More...


    Forex Market Commentary and Analysis (8 November 2004)
    GCI Financial Monday November 8, 2004 - 16:20:30 GMT



    The euro weakened vis-à-vis the U.S. dollar today as traders booked profits following last week’s appreciation in the euro to record levels. The single currency traded at an intraday high around the $1.2990 level before slumping to the $1  More...    More...



    Forex: Trichet Protests Dollar Slide, China Defends Peg, US Jobs Hum
    Foreign Exchange Analytics Monday November 8, 2004 - 15:24:33 GMT

    Trichet Protests Dollar Slide, China Defends Peg, US Jobs Hum

    You would have to search very hard to find anyone more bearish on the outlook for the dollar than myself. But it would be foolhardy to believe that the structural theme of towering twin deficits can alone drive the dollar lower, indefinitely  More...    More...



    FX Thoughts - Evening - 08/11/04.......1225 GMT
    FX Thoughts for the Day Monday November 8, 2004 - 12:43:10 GMT

    Euro @ 1.2946/9....Holding Long
    -------------------------------
    R: 1.2989 / 1.3024-42
    S: 1.2928 / 1.2876-60 / 1.2842-30
    The Euro has been moving sideways right through the day. The crucial Support just now is 1.2929, the previous all-time-high  More...    More...



    Dollar needs official backing
    INVESTICA Ltd Monday November 8, 2004 - 11:08:09 GMT

    Dollar sentiment will remain very weak in the short term with further unease over the budget and current account deficits. The US currency will gain some support from potential Fed interest rate increases in December as well as November. The comments from ECB officials will be very important in the short term  More...    More...


    FOREX: US OPEN MARKET POINTS 11-08-04
    DailyFX.com Monday November 8, 2004 - 10:40:24 GMT

    Euro Rally Takes a Pause

    Last Friday neither the pathetically weak German Industrial Production (-1.2% vs. 04% expected) numbers nor the incredibly strong US Non-Farm payroll report could stop the euro from marching upward as the unit hit an all time of 1  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 8th November 2004
    FX-Strategy Sunday November 7, 2004 - 09:16:34 GMT

    Price: ... 105.60

    Resistance: 105.75 ... 106.00 ... 106.35 ... 106.65
    Support....: 105.50 ... 105.30 ... 104.95 ... 104.60

    Bias: While 105.30-50 holds, cautiously bullish back to 106.50-70

    Bullish: We became bullish too early on Friday, failing to anticipate a complex correction from 105  More...    More...



    Dollar to hit fresh lows
    INVESTICA Ltd Saturday November 6, 2004 - 12:41:24 GMT

    The US currency will certainly remain vulnerable to current account and budget fears. The dollar's best chance for a rally is on strong economic data and the inability to rally on strong employment growth is a negative sign, especially as it will increase the risk that corporate hedging will be stepped up  More...    More...


    Forex: Euro Soars To New All-Time Highs Against Dollar On Schroeder Comments
    DailyFX.com Friday November 5, 2004 - 21:02:47 GMT

    DailyFX Forex Fundamentals 11-05-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Euro Soars To New All-Time Highs Against Dollar On Schroeder Comments
    · Payrolls Report Indicate that US Corporations Added 337k Jobs In October
    · Manufacturing Activity Contracts In Both Germany And UK

    EURUSD

    The Euro soared to new all-time highs against the US dollar (1  More...    More...



    Strong Non-Farm Report Can't Stop Bleeding
    Forex.com Friday November 5, 2004 - 19:45:41 GMT

    The dollar fell to a record low against the euro and multi year lows against its G-7 counterparts even though the US Non Farm Payroll Report was much better than expected (330k versus expected 180k). In almost unbelievable fashion, EUR/USD exploded from a post Non Farm Payroll low of 1  More...    More...


    Forex Market Commentary and Analysis (5 November 2004)
    GCI Financial Friday November 5, 2004 - 18:00:33 GMT



    The euro appreciated to a fresh lifetime high vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2950 level. The pair tested bids around the $1.2765 level immediately following the release of stronger-than-expected October non-farm payrolls  More...    More...



    GFT Daily Forex Market Commentary Friday, November 05, 2004
    GFT Friday November 5, 2004 - 13:19:48 GMT

    GFT Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=1152004)

    The dollar saw the expected selling pressure at a reduced pace on Thursday, but only versus the euro and the Swiss franc  More...    More...



    FX Thoughts - Evening - 05/11/04.......1143 GMT
    FX Thoughts for the Day Friday November 5, 2004 - 11:57:04 GMT

    Euro @ 1.2884/7....Holding Long
    -------------------------------------------
    R: 1.2893-17 / 1.2930 / 1.2965
    S: 1.2839 / 1.2813 / 1.2787
    The Euro dipped below 1.2850, but has bounced a bit from there. The movement hereafter will depend on the US NFP data release  More...    More...



    FOREX:US OPEN MARKET POINTS 11-05-04
    DailyFX.com Friday November 5, 2004 - 11:25:46 GMT

    Japan is truly feeling the strains of contracting global demand as Household Spending declines –1.0% versus an expected gain of 0.4%. Although many Pollyannaish analysts dismissed clear signs of Japanese slowdown which first appeared with drastically smaller than expected Q2 GDP numbers (1  More...    More...


    Payroll data vital for dollar
    INVESTICA Ltd Friday November 5, 2004 - 10:58:04 GMT

    The US payroll data will have an important impact on underlying dollar sentiment as the figures will set the tone for next week's Fed decision. Given the depth of negative underlying dollar sentiment, the employment figure will have to be very strong to force a reversal in underlying negative dollar sentiment  More...    More...


    Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Friday November 5, 2004 - 08:25:30 GMT

    EUR/USD poised just off all time highs as US payrolls data looms. EUR/USD may rise 1.3050 next week if US data bad.

    The event risk of Nonfarm Payrolls today makes the immediate technical situation uncertain.



    November 5, 2004

    Economic Data Today (all times GMT):

    09:00 - Norway Industrial Production (Sep)
    09:30 - UK Industrial/Manufacturing Production (Sep)
    10:00 - EuroZone Retail Trade (Sep)
    11:00 - Germany Industrial Production (Sep)
    12:00 - Canada Unemployment Rate/Change in Employment - expected at 7  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar November 5th 2004
    FX-Strategy Friday November 5, 2004 - 00:11:13 GMT

    Price: ... 1.2871

    Resistance: 1.2895 ... 1.2937 ... 1.2962 ... 1.2984
    Support....: 1.2850 ... 1.2825 ... 1.2802 ... 1.2770

    Bias: While 1.2802-25 holds we look for a final rally to the 1.2962-84 area

    Bullish: The dip yesterday was shallower than expected and has reached the 1  More...    More...



    Forex: Dollar Weakens Despite Expectations For Strong Payrolls Data
    DailyFX.com Thursday November 4, 2004 - 22:10:06 GMT

    DailyFX Forex Fundamentals 11-04-04

    By Kathy Lien, Chief Strategist of www.daily.com

    · Dollar Weakens Despite Expectations For Strong Payrolls Data
    · ECB and BoE Keep Rates Unchanged
    · Swiss CPI Rises Unexpectedly

    EURUSD

    The euro is slowly climbing higher towards its all-time high of 1  More...    More...



    Dollar Steadies Itself Pre Non-Farm Report
    Forex.com Thursday November 4, 2004 - 21:37:04 GMT

    The dollar looks poised to stay within its current range throughout the night into tomorrows ever important Non-Farm Payroll Report. The session started (106.05/10) with a strong dollar sell off to push the USD/JPY to new lows not seen since April (105.65/70)  More...    More...


    Forex Market Commentary and Analysis (4 November 2004)
    GCI Financial Thursday November 4, 2004 - 21:24:14 GMT



    The euro extended recent gains vis-à-vis the U.S. dollar today as the single currency tested offers around the psychologically-important US$ 1.2900 figure after European dealing kept the pair bid above the $1.2785 level. Dealers moved back into euros following a minor pop higher for the dollar on the heels of the U  More...    More...



    Forex: Dollar takes something of a beating.
    CMC Thursday November 4, 2004 - 13:03:30 GMT

    Nov. 4th 0600EST- The dollar has taken something of a beating overnight on the back of President Bush’s re-election as currency traders look forward to an extended spell of low interest rates, higher oil prices and a burgeoning US trade deficit. Tomorrow’s payroll data may offer some respite, but losses have been seen essentially across the board with both the Pound and Euro looking to retest earlier highs as a result  More...    More...


    FOREX: US OPEN MARKET POINTS 11-04-04
    DailyFX.com Thursday November 4, 2004 - 11:35:56 GMT

    No Post-Election Rally for the Dollar.
    Well it didn’t turn out like 2000 at all. By 2PM EST John Kerry conceded the election and the FX market proceeded to sell USD as all realistic hope of a strong dollar policy was gone. As we noted yesterday, the Administration has implicitly acquiesced to a lower dollar in order to rebalance the staggeringly large Current Account deficit  More...    More...



    UK housing data weak
    INVESTICA Ltd Thursday November 4, 2004 - 11:05:05 GMT

    The weak housing sector report will offset the firm data over the previous two days and curb Sterling support. The Bank of England is likely to keep rates unchanged today, but expectations that the next move will be a cut will still have to be revised slightly  More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar 4th November 2004
    FX-Strategy Thursday November 4, 2004 - 01:04:24 GMT

    Price: ... 1.2816

    Resistance: 1.2832 ... 1.2860 ... 1.2900 ... 1.2927
    Support....: 1.2805 ... 1.2775 ... 1.2750 ... 1.2730

    Bias: An initial drop back to 1.2730-50 followed by an attack on the 1.2927-62 area

    Bullish: The dip to 1  More...    More...



    Bush Wins Election, Dollar Continues Slide
    Forex.com Wednesday November 3, 2004 - 18:44:56 GMT

    After a whippy London session filled with election rumors, it has been conceded that George W. Bush has been re-elected to a second term. The New York trading session has seen a continue to the recent dollar decline with only a small rally when it was confirmed that Pres  More...    More...


    Forex Market Commentary and Analysis (3 November 2004)
    GCI Financial Wednesday November 3, 2004 - 17:39:41 GMT



    The euro appreciated vis-à-vis the U.S. dollar today as traders reacted to a probable – but not yet definitive – victory for President Bush in yesterday’s election. Bush decisively won the popular vote and provisional results in the key battleground state of Ohio are favouring Bush  More...    More...



    GFT Daily Forex Market Commentary Wednesday, November 03, 2004
    GFT Wednesday November 3, 2004 - 14:21:27 GMT

    GFT Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1132004)

    The dollar advanced during the first half of the day on Tuesday versus all majors but the pound, before sinking in late afternoon trading  More...    More...



    Forex: Close race leaves market in volatile state.
    CMC Wednesday November 3, 2004 - 12:53:06 GMT

    The election race is almost predictably occupying the currency markets
    right now, but with a disputed result remaining as a distinct possibility,
    the dollar may well struggle to find any support in the near term. However,
    current indications suggest that the Bush camp may declare victory in the
    coming hours and this stands to initiate a degree of profit taking  More...    More...



    FX Thoughts - Evening - 03/11/04.......1201 GMT
    FX Thoughts for the Day Wednesday November 3, 2004 - 12:08:04 GMT

    Euro @ 1.2716/19....Holding Long
    --------------------------------
    R: 1.2721 / 1.2744-61 / 1.2827
    S: 1.2683 / 1.2646 / 1.2608-1.2581
    The Euro has been bought repeatedly on dips below 1.27. As the US Elections head for a photo-finish (Bush 254/ Kerry 252 just now, as per BBC) and Kerry not willing to concede Ohio, the market could be bracing for prolonged uncertainty like 2000  More...    More...



    Forex: Attention returns to US economy
    INVESTICA Ltd Wednesday November 3, 2004 - 10:58:22 GMT

    The dollar should gain some immediate relief if a Bush election victory is formally confirmed today although a strong further reaction is unlikely. Attention will also tend to switch back to the US economy. There is the potential for a covering of short dollar positions ahead of the crucial Friday US employment data  More...    More...


    FOREX: US OPEN MARKET POINTS 11-03-04
    DailyFX.com Wednesday November 3, 2004 - 10:09:02 GMT

    US Election Rests on Ohio
    Assuming all the state votes continue their trend, by the end of the evening George Bush will have 264 electoral votes and John Kerry will have 252. Ohio’s 20 electoral votes will determine which man will be the next President of the United States  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 3rd November 2004
    FX-Strategy Wednesday November 3, 2004 - 01:00:56 GMT

    Price: ... 1.2715

    Resistance: 1.2765 ... 1.2785 ... 1.2815 ... 1.2840
    Support....: 1.2705 ... 1.2680 ... 1.2662 ... 1.2630

    Bias: Initially look for gains to 1.2785-1.2815 and later to break above 1.2841

    Bullish: Price recovered well from just below our 1  More...    More...



    Forex: Dollar On Election Watch
    DailyFX.com Tuesday November 2, 2004 - 21:26:42 GMT

    DailyFX Forex Fundamentals 11-02-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar On Election Watch
    · German Unemployment Expected To Increase By 12k
    · Pound Rallies On Stronger Retail Sales

    EURUSD

    The global markets, including the US dollar is currently on election watch  More...    More...



    Dollar Pauses For Election Results
    Forex.com Tuesday November 2, 2004 - 21:08:39 GMT

    The USD has flat lined against European and Asian FX but has managed to tilt slightly higher against AUD. The greenback's failure to post a broad bounce with a softer oil price and higher US Treasury yields reflects some sluggishness towards the squaring USD shorts before today's election  More...    More...


    Forex Market Commentary and Analysis (2 November 2004)
    GCI Financial Tuesday November 2, 2004 - 18:51:15 GMT



    The euro extended its recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2680 level after encountering selling pressure around the $1.2755 level. Stops were hit below the $1.2735/ 10 levels during the move lower  More...    More...



    Forex: Sub $50 US light crude will offer some support in event of tied election result
    CMC Tuesday November 2, 2004 - 13:00:02 GMT

    2nd Nov. 0600EST- The dollar appears to be holding ground ahead of today’s Presidential election, although traders remain acutely aware that any inability to declare a clean result tomorrow will likely put the greenback under a
    significant level of downside pressure  More...    More...



    FX Thoughts - Evening - 02/11/04.......1217 GMT
    FX Thoughts for the Day Tuesday November 2, 2004 - 12:52:00 GMT

    Euro @ 1.2702/5.....Support at 1.2690
    --------------------------------------
    R: 1.2738-61 / 1.2790 / 1.2834
    S: 1.2690 / 1.2663-55 / 1.2623-09
    Support at 1.2700-2690 is being tested. Break may imply a dip towards strong and crucial Support at 1  More...    More...



    FOREX:US OPEN MARKET POINTS 11-02-04
    DailyFX.com Tuesday November 2, 2004 - 11:18:59 GMT

    Retail Trips Up Euro

    The euro continued to give up ground against the dollar in early European trade today, tripped up by weak German Retail sales. Although most analysts expected German Sales to stagnate to 0% growth from last month’s surprising 1  More...    More...



    Forex: Kerry win would support yen
    INVESTICA Ltd Tuesday November 2, 2004 - 10:37:43 GMT

    The dollar will aim to secure some relief from a covering of short dollar positions, but the US currency will still find it difficult to gain much ground. The Japanese currency is also likely to strengthen if there is a disputed election result or a Kerry victory  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 2nd November 2004
    FX-Strategy Tuesday November 2, 2004 - 00:45:57 GMT

    Price: ... 1.8335

    Resistance: 1.8370 ... 1.8390 ... 1.8411 ... 1.8437
    Support....: 1.8310 ... 1.8295 ... 1.8250 ... 1.8215

    Bias: Mixed but with a slightly bearish bias

    Bullish: Reversal occurred from the lower 1  More...    More...



    Forex: Cautious Dollar Trading Ahead Of Election Day
    DailyFX.com Monday November 1, 2004 - 21:49:20 GMT

    DailyFX Forex Fundamentals 11-01-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Cautious Dollar Trading Ahead Of Election Day
    · Weaker US and Eurozone Manufacturing Sector Data
    · Disappointments In Japanese Data Boosts Dollar-Yen

    EURUSD

    The market has fully turned its attention to the US Presidential Elections with less than 36 hours until the announcement of the final results  More...    More...



    GFT Daily Forex Market Commentary Monday, November 01, 2004
    GFT Monday November 1, 2004 - 19:47:26 GMT

    GFT Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=1112004)

    The oversold dollar saw further weakness on Friday and early Monday, but it should now see a respite for the rest of the day  More...    More...



    US Awaits Outcome of Presidential Election
    Forex.com Monday November 1, 2004 - 19:36:02 GMT

    The markets were quiet today ahead of the US Presidential election on Tuesday as we stayed in a small range thru most of the day. The dollar had a nice rebound from its early Asian session lows, to post a NY session high of 1.2051. The euro was once again unable to eclipse the offers in front of 1  More...    More...


    Forex Market Commentary and Analysis (1 November 2004)
    GCI Financial Monday November 1, 2004 - 14:39:29 GMT



    The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2785 level after failing to get above the $1.2830 level. Swiss names were seen dumping the single currency during Australasian dealing after the markets milked all dollar-selling following the bin Laden tape  More...    More...



    Forex: Split vote in US election will leave the dollar badly exposed to downside.
    CMC Monday November 1, 2004 - 12:40:48 GMT

    Nov 1st 0600EST- The greenback has regained a little ground in recent hours, although traders remain highly cautious of the implications if we see a split vote again tomorrow. Any uncertainty over who will be the next US President will without doubt be seen as a negative by the market and this will leave the
    dollar badly exposed on the downside  More...    More...



    Forex: Political tensions increase
    INVESTICA Ltd Monday November 1, 2004 - 10:41:51 GMT

    Underlying dollar sentiment is likely to remain weak and there is a high risk of a medium-term move to record lows against the Euro. The dollar will, however, rally if there is a decisive election result. The very high number of long Euro positions will also make it difficult for the Euro to extend gains in the near term, particularly if the US data is firm later today  More...    More...


    FOREX: US OPEN MARKET POINTS 11-01-04
    DailyFX.com Monday November 1, 2004 - 10:32:49 GMT

    Wait and See while Oil Weighs

    Most of Euro-land is on market holiday for All Saints Day so, the action in EUR/USD was subdued until a series of Italian, French and German PMI reports printed weaker than expected results. The pan-European PMI number also disappointed the market registering 52  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 1st November 2004
    FX-Strategy Sunday October 31, 2004 - 03:08:45 GMT

    Price: ... 1.8375

    Resistance: 1.8380 ... 1.8400 ... 1.8445 ... 1.8470
    Support....: 1.8355 ... 1.8335 ... 1.8315 ... 1.8275

    Bias: While 1.8315-35 holds we are bullish to 1.8440-50 at least

    Bullish: We remain bullish for now but feel more cautious about expecting a direct rally to the 1  More...    More...



    Forex: Near-term political relief possible
    INVESTICA Ltd Saturday October 30, 2004 - 07:47:27 GMT

    Concerns over the US economy are liable to continue in the short term, especially with persistent unease over the current account deficit. The subdued inflation data within the GDP report will also increase speculation that there will be a pause in Fed tightening  More...    More...


    Forex: Japanese Yen Rallies On Positive Economic Developments
    DailyFX.com Friday October 29, 2004 - 20:23:10 GMT

    DailyFX Forex Fundamentals 10-29-04

    By Kathy Lien, Chief Strategist www.dailyfx.com

    · Mixed US Data Leaves Dollar Traders Jittery
    · Higher Eurozone CPI Estimate Supports Euro
    · Japanese Yen Rallies On Positive Economic Developments

    EURUSD

    The currency markets have been very active these days with a tremendous amount of important economic data released over the past few weeks, volatility in oil prices and position adjustments ahead of the US elections  More...    More...



    Forex Market Analysis and Commentary (29 October 2004)
    GCI Financial Friday October 29, 2004 - 15:51:51 GMT



    The euro could not sustain an early rally vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2770 level before falling to the U$ 1.2710 level during North American dealing. Data released in the U.S. today saw Q3 GDP come in at a slower-than-expected 3  More...    More...



    Forex:Dollar decline temporarily halts on Chinese rate news and dropping oil price.
    CMC Friday October 29, 2004 - 15:37:19 GMT

    Oct. 29th 0600EST - The dollar briefly managed to regain some lost ground in yesterday’s trading, largely on the back of falling oil prices. The prospect of an economic slowdown in China through higher interest rates, combined with better than expected oil inventory data has seen the price of US light crude retreat back towards the $50 mark and ultimately this should be good news for the American economy  More...    More...


    GFT Daily Forex Market Commentary by Currencies Analyst Cornelius Luca
    GFT Friday October 29, 2004 - 12:40:42 GMT

    GFT Daily Forex Market Commentary for Friday, October 29, 2004 by Cornelius Luca, currencies analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/calendar/calendar.asp)

    Despite the help of an unexpected decline in the oil prices and the sudden announcement that China pledged to hike its interest rates, the dollar managed to stage only a brief recovery on Thursday  More...    More...



    FX Thoughts - Evening - 29/10/04.......1149 GMT
    FX Thoughts for the Day Friday October 29, 2004 - 12:22:49 GMT

    Euro @ 1.2742/5...Sell high, buy low
    ------------------------------------
    R: 1.2773 / 1.2798 / 1.2820
    S: 1.2717 / 1.2676-70 / 1.2628
    We've got orders to buy Euro below 1.2600, but we'll have to judge whether Support will firm up in the 1  More...    More...



    FOREX: US OPEN MARKET POINTS 10-29-04
    DailyFX.com Friday October 29, 2004 - 10:08:49 GMT

    Swissie KOFs it Up.

    Yesterday’s first rate hike in 9 years by People’s Bank of China caught the market off guard yanking USD/JPY up by 100 points in a matter of minutes and then just as quickly sending the pair back down as traders tried to handicap the long term implications of the move  More...    More...



    Dollar correction complete?
    INVESTICA Ltd Friday October 29, 2004 - 10:05:31 GMT

    The dollar's inability to sustain a rally yesterday is likely to reinforce negative sentiment and there will also be some disappointment that the US currency has failed to benefit significantly from lower oil prices. The underlying dollar trend looks to be for fresh losses due to growth and financing fears  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 29th October 2004
    FX-Strategy Friday October 29, 2004 - 01:16:34 GMT

    Price: ... 1.1996

    Resistance: 1.2026 ... 1.2045 ... 1.2070 ... 1.2095
    Support.....: 1.1970 ... 1.1950 ... 1.1923 ... 1.1885

    Bias: While 1.2026-45 holds (max 1.2070) we look for losses to resume to the 1.1835-55 area at least

    Bullish: The rejection from just below our 1  More...    More...



    Forex: Sell Dollars Or Get Out Of The Way
    Foreign Exchange Analytics Thursday October 28, 2004 - 22:51:11 GMT

    Sell Dollars Or Get Out Of The Way

    First of all this is not about me. What do I mean? I mean my being bearish on the dollar is a view...impersonal. It is the preponderance of evidence for selling dollars and not some attempt at aggrandizement that motivates my take on the dollar  More...    More...



    Forex: Markets Scrabble to Assess Ramifications of China’s Surprise Rate Hike
    DailyFX.com Thursday October 28, 2004 - 20:43:00 GMT

    DailyFX Forex Fundamentals 10-28-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Weakens On Labor Market Data
    · UK Consumer Confidence Improves
    · Markets Scrabble to Assess Ramifications of China’s Surprise Rate Hike

    EURUSD

    Traders craving for volatility this past summer should be quite content with today’s gyrating price action  More...    More...



    Forex Market Commentary and Analysis (28 October 2004)
    GCI Financial Thursday October 28, 2004 - 15:09:29 GMT



    The euro extended recovered from an early sell-off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2630 level and was capped around the $1.2760 level. The move to intraday lows was a technical one as it represented a 50% retracement of the move from US$ 1  More...    More...



    FOREX: US OPEN MARKET POINTS 10-28-04
    DailyFX.com Thursday October 28, 2004 - 11:06:44 GMT

    Playing Chicken with BOJ

    The most interesting price action in the overnight session occurred in USD/JPY where despite mixed Japanese economic data yen continued its relentless move to the 106 handle. Japanese Industrial Production which was expected to show a positive 0  More...    More...



    Uk housing data weak
    INVESTICA Ltd Thursday October 28, 2004 - 10:10:05 GMT

    The weak housing data will reinforce speculation that UK interest rates have peaked which will tend to undermine the UK currency. The price action today, however, suggests that much of the domestic deterioration is now reflected in the price and this will limit the potential for further depreciation  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 28th October 2004
    FX-Strategy Thursday October 28, 2004 - 00:46:45 GMT

    Price: ... 1.2080

    Resistance: 1.2100 ... 1.2125 ... 1.2145 ... 1.2180
    Support.....: 1.2040 ... 1.2020 ... 1.2000 ... 1.1985

    Bias: While 1.2100 holds there is chance of a move back to 1.2000-20 before higher

    Bullish: We begin the day with price testing the 1  More...    More...



    Forex: Dollar Rallies On Higher Than Expected Crude Supply
    DailyFX.com Wednesday October 27, 2004 - 21:22:22 GMT

    DailyFX Forex Fundamentals 10-27-04

    · Dollar Rallies On Higher Than Expected Crude Supply
    · Home Loan Approvals Continue To Fall In UK
    · RNBZ Raises Rates By Quarter Point To 6.50%

    EURUSD
    After such an extended sell-off over the past two weeks, the dollar has been begging for a reason to rally  More...    More...



    Forex: Dollar trading flat whilst implications of oil price and US elections digested.
    CMC Wednesday October 27, 2004 - 16:17:57 GMT

    Oct. 27th, 0600EST- The dollar now seems to be trading essentially flat against the major currencies after yesterday’s early adjustment. The market is waiting for some further signals and although there’s some US treasury
    information and the durable goods numbers due for release later in today’s
    session, the bigger issues of oil and next week’s Presidential election
    look set to dominate in the near term  More...    More...



    Forex: Record dollar lows likely
    INVESTICA Ltd Wednesday October 27, 2004 - 13:28:05 GMT

    Record dollar lows likely

    Given the US current account vulnerability and budget fears, the dollar’s long-term trends is likely to be for further depreciation. Assuming a clear result, there is the potential for some relief after the US presidential election, especially with a high number of short dollar positions and the dollar will also be supported by Euro-zone growth fears  More...    More...



    FX Thoughts - Evening - 27/10/04.......1224 GMT
    FX Thoughts for the Day Wednesday October 27, 2004 - 12:49:21 GMT

    Euro @ 1.2790/3....Holding Long
    -------------------------------
    R: 1.2797 / 1.2818 / 1.2846
    S: 1.2780 / 1.2750 / 1.2722-06
    The Euro has turned up smartly from 1.2750 and we may hope for it to carry on further yp towards 1.28 at least, maybe even 1  More...    More...



    GFT Daily Forex Market Commentary for Wednesday, October 27, 2004
    GFT Wednesday October 27, 2004 - 12:39:11 GMT

    By Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=10272004)

    The dollar settled in a tighter range due to some profit taking on Tuesday after surging in the previous to days  More...    More...



    Forex: ECB stance vital
    INVESTICA Ltd Wednesday October 27, 2004 - 09:42:37 GMT

    Firm US data would improve the prospects of a dollar correction and the Euro is still overbought. There is, however, little immediate prospect of a sustained improvement in dollar sentiment, especially with further concerns over US growth and deficit financing  More...    More...


    Forex: US OPEN MARKET POINTS 10/27/2004
    DailyFX.com Wednesday October 27, 2004 - 09:26:25 GMT

    Official Warning: Decline Must Stop!

    The dollar decline is finally eliciting some official comment as both Japanese and European policy makers weigh in on the move that has taken the EUR/USD up 500 points and USD/JPY down 400 points in a matter of 2 weeks  More...    More...



    Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Wednesday October 27, 2004 - 09:10:33 GMT

    USD may wilt again as EUR/USD focuses on 1.2900 top.

    Latest polls show John Kerry gaining some steam.




    October 27, 2004

    Economic Data Today (all times GMT)

    07:30 – Sweden Consumer/Manufacturing Confidence (Oct)
    08:30 – UK Mortgage Lending Figures
    12:30 – US Durable Goods (Sep) – expected at +0  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 27th October 2004
    FX-Strategy Wednesday October 27, 2004 - 01:01:53 GMT

    Price: ... 1.2745

    Resistance: 1.2770 ... 1.2810 ... 1.2840 ... 1.2860
    Support.....: 1.2745 ... 1.2725 ... 1.2685 ... 1.2645

    Bias: Mainly sideways initially above 1.2685-95 and then below 1.2780-1.2810

    Bullish: The peak at 1  More...    More...



    Forex: German Chancellor Schroeder “Concerned About Euro Rate”
    DailyFX.com Tuesday October 26, 2004 - 21:28:40 GMT

    DailyFX Forex Fundamentals 10-26-04

    · German Chancellor Schroeder “Concerned About Euro Rate”
    · US Confidence Tumbles For Third Consecutive Month
    · Trends In UK Manufacturing Sector Deteriorated in October

    EURUSD

    The euro has finally pulled back after nine consecutive trading sessions of positive gains  More...    More...



    Forex: Dollar stages minor recovery as traders book profits.
    CMC Tuesday October 26, 2004 - 15:58:33 GMT

    Oct. 26th The dollar staged a minor recovery off the day’s earlier lows, although this seems to be more of a result of traders booking profits than any
    fundamental shift in opinion. High oil prices are going to keep the US
    economy under pressure in the coming weeks and although this afternoon’s
    consumer confidence data will be awaited with interest, the market is
    holding out little hope of an impressive number there  More...    More...



    GFT Daily Forex Market Commentary for Tuesday, October 26, 2004
    GFT Tuesday October 26, 2004 - 13:29:42 GMT

    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=10262004)

    The dollar started the week on a weak note as well, as expected, and added to its sharp losses made on Friday  More...    More...



    FX Thoughts - Evening - 26/10/04.......1247 GMT
    FX Thoughts for the Day Tuesday October 26, 2004 - 13:18:30 GMT

    Euro @ 1.2792/5...Bounce from here or 1.2750
    ------------------------------------------

    R: 1.2796 / 1.2848-63 / 1.2930
    S: 1.2772 / 1.2744 / 1.2718
    If there be any credibility to 1.2900-29 as target for this week/ month, it would be nice to see the Euro find fresh Buyers between now and 1  More...    More...



    Forex: US OPEN MARKET POINTS 10/26/2004
    DailyFX.com Tuesday October 26, 2004 - 10:13:18 GMT

    An unsurprisingly quiet session in Asia and Europe tonight as EUR/USD and USD/JPY consolidate their massive gains and dealers try to square up their positions. The soft eco-data from both regions offers dealers a small opportunity to cover some of the shorts they had to print during yesterday’s furious rally in which the euro gained 170 points, the yen 120 points and sterling 190 points  More...    More...


    Limited dollar correction
    INVESTICA Ltd Tuesday October 26, 2004 - 09:55:37 GMT

    There have not been any aggressive comments from Japanese officials suggesting that the Japanese might intervene which will tend to encourage dollar selling. There is, however, the potential to defend the 105.0 level an the dollar is also oversold which will offer some immediate relief  More...    More...


    Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Tuesday October 26, 2004 - 07:56:38 GMT

    USD sell-off overdone short term? EUR/USD may retrace to 1.2670/90

    US Consumer Confidence on tap at 14:00 GMT.



    October 26, 2004

    Economic Data Today (all times GMT)

    08:00 – EuroZone Current Account (Aug)
    08:00 – Sweden PPI, Retail Sales (Sep)
    11:00 – Canada CPI (Sep)
    14:00 – US Consumer Confidence (Oct) - expected at 94  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 26th October 2004
    FX-Strategy Tuesday October 26, 2004 - 01:56:30 GMT

    Price: ... 1.2775

    Resistance: 1.2890 ... 1.2825 ... 1.2840 ... 1.2860
    Support....: 1.2765 ... 1.2750 ... 1.2720 ... 1.2685

    Bias: Watch signs of break out of the 1.2750 - 1.2825 range

    Bullish: The 1  More...    More...



    Forex: 105 Seen To Be The Pain Threshold for the Japanese
    DailyFX.com Monday October 25, 2004 - 21:21:17 GMT

    DailyFX Forex Fundamentals 10-25-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com


    - Euro rallies as German business confidence index (IFO) increases unexpectedly
    - US existing home sales increase 3.1%
    - 105 Seen To Be The Pain Threshold for the Japanese


    EURUSD

    The euro continues to scream higher after having increased 3% against the US dollar over the past week  More...    More...



    DOLLAR CONTINUES ITS SLIDE
    Forex.com Monday October 25, 2004 - 20:06:21 GMT

    After a rocky overnight session the USD opened the day lower and looked primed for a rally. USD/JPY opened the session 106.60/65 and traded in a very tight range (106.60-75) which is where it is currently trading. It looks as if the dollar may be a bit heavy here and another push lower could be likely  More...    More...


    GFT Weekly Forex Market Commentary Monday, October 25, 2004
    GFT Monday October 25, 2004 - 12:57:38 GMT


    Weekly Commentary by Cornelius Luca, currencies anlayst, Global Forex Trading (source: https://www.gftforex.com/resources/weekly.asp?date=10252004)

    The dollar collapsed last week amid concern that the relentless high gasoline and heating oil prices will burn a hole in consumers’ pockets, diminishing their confidence ahead of a precarious economy in 2005  More...    More...



    GFT Daily Forex Market Commentary for Monday, October 25, 2004
    GFT Monday October 25, 2004 - 12:47:55 GMT


    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=10252004)

    The dollar ended the week on a very weak note, deepening losses on Friday. The dollar weakness should continue into the end of this week and into the Presidential elections  More...    More...



    Dollar in disarray
    INVESTICA Ltd Monday October 25, 2004 - 10:08:20 GMT

    Underlying dollar concerns will persist and US currency sentiment is likely to remain very weak in the short term. There is also little official concern over the Euro's level, but the central banks will want to keep markets orderly and some warnings over excessive movements are increasingly likely  More...    More...


    Forex: US OPEN MARKET POINTS 10-25-04
    DailyFX.com Monday October 25, 2004 - 09:52:04 GMT

    Pity the USD bulls. We can hardly blame them for thinking that the whole world is positioned against them. After today’ s 120 drubbing against the euro and 150 point loss against the pound it may very well be. Tonight’s one piece of economic data – the German IFO survey of business confidence was essentially a non-event  More...    More...


    Forex: General Market Conditions for the Four Majors
    FX-Strategy Sunday October 24, 2004 - 08:46:46 GMT

    Over the past week we have had to adjust our medium to long term outlook and during this process there is a need to identify a new structure, how that has developed and the related waves within that structure. Unfortunately this can take a few days to assimilate and we have taken an additonal hard look at the daily and weekly pictures  More...    More...


    Forex: Risk of record dollar lows
    INVESTICA Ltd Saturday October 23, 2004 - 11:16:16 GMT

    Concerns over the US economy will continue in the short term, primarily due to speculation that high oil prices will curb spending and increase the trade deficit. The Federal Reserve is still likely to increase interest rates in November, but will find it difficult to justify a move beyond 2  More...    More...


    Forex: Yen Continues To Shake Off Surges In Oil Prices
    DailyFX.com Friday October 22, 2004 - 21:25:47 GMT

    DailyFX Fundamentals 10-22-04

    By Kathy Lien, www.dailyfx.com

    ·Federal Reserve Governor Yellen Becomes The Latest To Warn About the Dollar and Deficit
    ·UK GDP growth slows to 0.4%
    ·Yen Continues To Shake Off Surges In Oil Prices

    EURUSD

    Overall it was a pretty slow day in the currency markets today  More...    More...



    Forex: FOMC SF Fed President Yellen On The Dollar
    Foreign Exchange Analytics Friday October 22, 2004 - 14:39:10 GMT

    FOMC SF Fed President Yellen On The Dollar

    Yellen's speech in San Francisco late Thursday is in the spotlight as she again mentioned the dollar. Here is what she said in the context of describing factors that were depressing the intermediate-term real Fed funds rate  More...    More...



    GFT Daily Forex Market Commentary for Friday, October 22, 2004
    GFT Friday October 22, 2004 - 13:09:12 GMT

    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=10222004)

    The dollar melted further down on Thursday, as expected. The weakness was particularly evident versus the yen and the pound, which were propelled by strong domestic data  More...    More...



    Forex: US OPEN MARKET POINTS 10-22-04
    DailyFX.com Friday October 22, 2004 - 10:04:48 GMT

    Election Selection?

    Quiet, lackluster night of FX trading in the European session as the EUR/USD consolidates the gains for the week. With no economic events on the US calendar, this consolidation is likely to continue for rest of the day barring any major geo-political news or further positioning moves by macro hedge funds  More...    More...



    Weak dollar correction?
    INVESTICA Ltd Friday October 22, 2004 - 08:29:51 GMT

    Growth and financing fears will certainly maintain dollar vulnerability, especially with uncertainty over the presidential election. There is, however, scope for at least a weak temporary correction back towards 1.2550 and Euro resistance should be tough at 1  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen
    FX-Strategy Friday October 22, 2004 - 02:24:27 GMT

    Price: 107.60

    Resistance: 107.85 ... 108.20 ... 108.45 ... 108.65
    Support.....: 107.33 ... 106.95 ... 106.60 ... 106.40

    Bias: We feel a retracement above 107.85 should be seen taking price to 108.45-65

    Bullish: Price continued it's decline and marginally broke below the 107  More...    More...



    Forex: Better Than Expected Claims And Philly Fed Fail To Bolster Dollar
    DailyFX.com Thursday October 21, 2004 - 20:12:01 GMT

    DailyFX Forex Fundamentals 10-21-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Better Than Expected Claims And Philly Fed Fail To Bolster Dollar
    · Pound Rallies As UK Consumers Continue To Spend
    · Verbal Intervention In The Yen Begins

    EURUSD

    The mighty euro continues to move higher, shaking off what seems to be better than expected US economic data  More...    More...



    Dollar Bears Don't Flinch At Positive US DATA
    Forex.com Thursday October 21, 2004 - 18:32:15 GMT

    The US trading session continued the current trend of a lower USD. USD/JPY open the session 107.65/70 and has never looked back. Despite a better than expected (345K) Initial Jobless Claims number (329K) the dollar couldn’t hold the line, as it traded down to a session low of 107  More...    More...


    GFT Daily Forex Market Commentary for Thursday, October 21, 2004
    GFT Thursday October 21, 2004 - 12:50:56 GMT

    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (http://www.gftforex.com/resources/daily.asp?date=10212004)

    The dollar fell hard across the board on Wednesday after an Energy Department report showed that US oil inventories fell for a fifth week  More...    More...



    Retail data jolts Sterling
    INVESTICA Ltd Thursday October 21, 2004 - 10:39:16 GMT

    The strong retail sales data will curb short-term Sterling selling pressure. International trends will also be important and the dollar vulnerability will support Sterling. Increased doubts over global growth trends will also tend to protect the UK currency  More...    More...


    Forex: US OPEN MARKET POINTS 10-21-04
    DailyFX.com Thursday October 21, 2004 - 09:36:04 GMT

    Despite mixed Euro-zone data in which French Consumer Spending was much weaker than expected (-0.6% vs. 0.8% projected) Italian Consumer Confidence rose to a yearly high of 103.7, and the EZ Trade Balance printed only €3Bn vs. €7.5Bn expected, EUR/USD scaled new 7 month highs in overnight session on wave upon wave of relentless buying  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 21st October 2004
    FX-Strategy Thursday October 21, 2004 - 01:39:23 GMT

    Price: 108.20

    Resistance: 108.40 ... 108.65 ... 108.85 ... 109.00
    Support.....: 107.80 ... 107.65 ... 107.45 ... 107.00

    Bias: Slightly mixed but overall still looking for a decline to the 107.45-65 area

    Bullish: Price held below 108  More...    More...



    Dollar Rocked As EURO Breaks Out
    Forex.com Wednesday October 20, 2004 - 21:12:51 GMT

    The Dollar was rocked overnight and across the board today in the N.Y session. In Euro the 1.2550 region was supposed to be protected by a large option related player until a large European hedge fund was reported to have been the catalyst in the Euro/Dollar explosion  More...    More...


    Forex: Dollar Sells Off As Oil Prices Resume Uptrend
    DailyFX.com Wednesday October 20, 2004 - 20:30:07 GMT

    Daily Forex Fundamentals 10-20-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    - Dollar Sells Off As Oil Prices Resume Uptrend
    - Euro Rallies On Strong Italian Data
    - Talk of ‘Price Checking’ By MoF in USDJPY Indicates Markets Still Cautious of Intervention

    EURUSD

    The euro continues to extend its rally against the dollar with no retracement  More...    More...



    Forex Market Commentary and Analysis (20 October 2004)
    GCI Financial Wednesday October 20, 2004 - 18:45:15 GMT



    The euro rocketed higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2630 level, its highest level since late February 2004. Technical analysts are confounded by the move because the common currency has hardly retraced any of its gains since it blasted higher from the US$ 1  More...    More...



    Forex Commentary by Global Forex Trading
    GFT Wednesday October 20, 2004 - 17:50:21 GMT

    Daily Forex Market Commentary for Wednesday, October 20, 2004 - by Cornelius Luca, currencies analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=10202004)

    The dollar failed to hold onto its early gains on Tuesday and then came under selling pressure across the board  More...    More...



    Forex survey: Traders lower dollar forecasts
    Global-View.com Wednesday October 20, 2004 - 16:41:16 GMT

    The BiWeekly Survey of professional forex traders conducted by Global-View.com, saw their mean forecast for the eur/$ at the yearend rise to 1.2549 from 1.2321 two weeks ago and the mean $/yen forecast fell to 108.08 from 110.08.

    As for the dealer expectations on who will be elected President on November 2, those expecting a Bush victory increased to 70% from 66% on October 6 and a survey low of 54% on July 29  More...    More...



    Dollar confidence sours
    INVESTICA Ltd Wednesday October 20, 2004 - 10:01:39 GMT

    Dollar sentiment is likely to remain weaker initially, primarily due to fears that the US will find it difficult to finance the current account deficit. Political factors are also likely to be more important with the markets concerned that a disputed election result or a Kerry victory would weaken the US currency  More...    More...


    Forex: US OPEN MARKET POINTS 10-20-04
    DailyFX.com Wednesday October 20, 2004 - 09:55:56 GMT

    Euro Rising

    Helped by much better than expected Italian Industrial Orders and Sales, the euro continued its relentless rise against the dollar in very active European session tonight. Although the market anticipated mildly positive numbers, the sheer magnitude of the increase especially on a year over year basis (9  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 20th October 2004
    FX-Strategy Wednesday October 20, 2004 - 01:23:11 GMT

    Price: 108.45

    Resistance: 108.50 ... 108.70 ... 108.85 ... 109.10
    Support.....: 108.25 ... 107.95 ... 107.60 ... 107.30

    Bias: Look for an early correction to 108.70-85 followed by further losses to 107.60

    Bullish: The bullish divergence broke down with the decline to 108  More...    More...



    Forex: Higher US Core Consumer Prices Fail to Boost Dollar Gains
    DailyFX.com Tuesday October 19, 2004 - 20:06:08 GMT

    DailyFX Fundamentals 10-19-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Higher US Core Consumer Prices Fail to Boost Dollar Gains
    ·Eurozone Factory Activity Contracts in August
    ·Swiss National Bank Says That They Are Comfortable With The Current Level Of Rates

    EURUSD

    The Euro remains bid, but the rally appears to have gradually become overextended  More...    More...



    Options Rule
    Forex.com Tuesday October 19, 2004 - 18:31:11 GMT

    The option market continues to play havoc with the markets as 1.2530 continues to hold the top side in euro. After unimpressive US figures once again this morning the dollar was unable to catch steam to the downside. CPI came in as expected at 0.2%, ex-food and energy was +0  More...    More...


    Daily Forex Market Commentary Tuesday, October 19, 2004 by GFT
    GFT Tuesday October 19, 2004 - 12:33:59 GMT


    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: https://www.gftforex.com/resources/daily.asp?date=10192004)

    The dollar is at a minor crossroads after trading divergently on Monday. It sank briefly against the euro and the Swiss franc, it advanced versus the pound amid renewed fears that the housing bubble will deflate, and it experienced choppy trading against the yen  More...    More...



    Regional policies support yen
    INVESTICA Ltd Tuesday October 19, 2004 - 10:12:33 GMT

    The lower oil prices will offer some support to the dollar and yen, although the prospects for a sustained decline in energy prices appears low. Persistent caution over the Japanese economy is likely to be offset by underlying US vulnerability. Speculation over a wider Chinese yuan trading band will also tend to underpin the yen  More...    More...


    Forex: US OPEN MARKET POINTS 10-19-04
    DailyFX.com Tuesday October 19, 2004 - 09:27:51 GMT

    Bear Trap?

    Was yesterday’s TICS related euro rally through the 2500 handle nothing more than a trap for USD bears? For those traders with tight 50 point stops it certainly was, as tonight the euro unwound all the way back to 2450 taking out the long positions  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 19th October 2004
    FX-Strategy Tuesday October 19, 2004 - 00:37:24 GMT

    Price: 1.7960

    Resistance: 1.7985 ... 1.8010 ... 1.8040 ... 1.8068
    Support.....: 1.7946 ... 1.7925 ... 1.7880 ... 1.7840

    Bias: We cautiously look for a dip to 1.7925 before recovering to 1.8010-20

    Bullish: Since the image was taken we have seen a break of 1  More...    More...



    Forex: US Election Results Headed Again To Courts?
    Foreign Exchange Analytics Tuesday October 19, 2004 - 00:29:00 GMT

    US Election Results Headed Again To Courts?

    With the US election quickly approaching, and polls showing a virtual dead heat, the odds of the 2004 presidential election ending closely are considered high by most political pundits. For the sake of argument say whoever wins Ohio and Florida wins the election, or more appropriately the electoral college vote  More...    More...



    Forex: Dollar Tanks As Foreign Demand Barely Meets Trade Deficit
    DailyFX.com Monday October 18, 2004 - 20:59:53 GMT

    DailyFX Fundamentals 10-18-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Tanks As Foreign Demand Barely Meets Trade Deficit
    · RICS House Price Data Should End Speculation of BoE Rate Hike
    · Bank of Canada to Raise Rates By Quarter Point

    EURUSD

    The psychological 1  More...    More...



    DOLLAR SLUMPS AFTER TIC DATA
    Forex.com Monday October 18, 2004 - 19:45:15 GMT

    The Dollar started the week off in the N.Y session lower across the board versus its major counterparts. Dollar/Jpy sold off early after the TIC data was reported a decline of net purchases of all U.S. securities by foreigners slowed to 58.96 bln in August from 63  More...    More...


    Forex Market Commentary and Analysis (18 October 2004)
    GCI Financial Monday October 18, 2004 - 14:51:48 GMT



    The euro extended recent gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2525 level, its highest level since 1 March 2004. The pair’s move today was hastened by the release of weaker-than-expected August TIC capital flows data that saw foreign purchases of domestic U  More...    More...



    FX Thoughts - Evening - 18/10/04.......1200 GMT
    FX Thoughts for the Day Monday October 18, 2004 - 12:30:33 GMT

    Euro @ 1.2467/70...Wait to see action tonight
    ----------------------------------------------
    R: 1.2493 / 1.2516-25 / 1.2558-62
    S: 1.2458-31 / 1.2404 / 1.2381-67
    The Euro has ben rebuffed twice from near 1.2495 today. Immediate Support in the 1  More...    More...



    Forex Commentary by Global Forex Trading
    GFT Monday October 18, 2004 - 12:15:35 GMT

    Daily Forex Market Commentary Monday, October 18, 2004 - by Cornelius Luca, currencies analyst, Global Forex Trading

    (source: http://www.gftforex.com/resources/daily.asp?date=10182004)


    The dollar collapsed for the second consecutive Friday amid generally weak economic data and on follow through following rumored new dollar short positions opened on Thursday  More...    More...



    Dollar faces crucial test
    INVESTICA Ltd Monday October 18, 2004 - 10:59:36 GMT

    Confidence in the US economy will remain weaker in the short term, with increasing fears that high oil prices will damage growth prospects and deter further interest rate increases. If US growth and rate prospects are not attractive enough to attract sufficient capital inflows, the US currency will, therefore, be more vulnerable to selling pressure given the increased market fears over the trade deficit  More...    More...


    Forex:US OPEN MARKET POINTS 10-18-04
    DailyFX.com Monday October 18, 2004 - 09:42:46 GMT

    Breakout of Fake-out?

    Another Friday, another wildly volatile session in FX. The EUR/USD traded in a 130 point range viciously whipsawing most momentum traders by first dipping 40 points lower after US Retail Sales printed 1.5% vs. 0.7% expected, only to then make a sharp U turn and rally 100 points in 10 minutes all the way up to 1  More...    More...



    Forex: Daily Forecast for the British Pound vs US Dollar 18th October 2004
    FX-Strategy Sunday October 17, 2004 - 22:46:56 GMT

    Price: 1.8035

    Resistance: 1.8040 ... 1.8065 ... 1.8090 ... 1.8130
    Support.....: 1.8010 ... 1.7970 ... 1.7935 ... 1.7905

    Bias: While remaining below 1.8090 we look for a choppy move lower to 1.7935 at least

    Bullish: Price has reached the minimum target and we cannot get too bullish at this point  More...    More...



    Dollar faces confidence test
    INVESTICA Ltd Saturday October 16, 2004 - 09:34:50 GMT

    Concerns over the US economy are liable to increase in the short term, especially with evidence of faltering consumer confidence and weaker export growth. High oil prices will erode consumer demand and will also tend to widen the trade deficit. This combination will tend to weaken the US currency, especially as there is an increasing risk that US interest rates will not be increased beyond 2  More...    More...


    Forex Points: Dollar Slides As Confidence Slips to 2003 Lows
    DailyFX.com Friday October 15, 2004 - 20:03:17 GMT

    DailyFX Forex Fundamentals 10-15-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · US Retail Sales Double Estimates, But Confidence Slips to 2003 Lows
    · Japanese Appetite for Foreign Bonds Outstrips Foreign Demand
    · Oil Hits a High of $55 A Barrel

    EURUSD

    There were explosive gains in the euro today as the market turned its focus to US economic data  More...    More...



    Forex Market Commentary and Analysis (15 October 2004)
    GCI Financial Friday October 15, 2004 - 19:51:23 GMT



    The euro appreciated vis-à-vis the U.S. dollar today as the single currency spiked above the US$ 1.2500 figure to test offers around the $1.2505 level. This represented the pair’s highest level since early March 2004 and was in response to weaker-than-expected U  More...    More...



    FX Thoughts - Evening - 15/10/04.......1201 GMT
    FX Thoughts for the Day Friday October 15, 2004 - 12:15:02 GMT

    Euro @ 1.2412/5...Either which way
    ----------------------------------
    R: 1.2421-40 / 1.2460-71 / 1.2495
    S: 1.2359-30 / 1.2322-00 / 1.2283
    The Euro has stayed above 1.2350 through the day with a few desultory pecks at 1.2400. Should Resistace at 1  More...    More...



    Dollar near tipping point
    INVESTICA Ltd Friday October 15, 2004 - 10:11:43 GMT

    The US data has been negative over the past 24 hours, which will damage dollar sentiment, and a poor series of data today could tip the US currency towards heavy losses. The US currency will still be protected by the substantial number of long Euro speculative positions, especially with the pressure to close long positions ahead of the weekend  More...    More...


    Forex: US Market Points 10-15-04
    DailyFX.com Friday October 15, 2004 - 09:41:10 GMT

    Two Wrongs Don’t Make a Right

    As we speculated yesterday, the awful US Trade Balance figures (-$54Bn vs. -$51Bn expected) did not push the EUR/USD much higher because the pair had already moved near the upper reaches of its trading band during the “front-running” early European session  More...    More...



    Daily Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Friday October 15, 2004 - 07:22:20 GMT

    Currency markets unwilling to break out yesterday. Perhaps today's barrage of data will finally push EUR/USD higher through 1.2440 and on to 1.2600 next week.

    Currencies yesterday under the spell of energy markets.





    October 15, 2004


    Economic Data Today (all times GMT)

    08:00 – Norway Trade Balance (Sep)
    12:30 – Canada Manufacturing Shipments (Aug)
    12:30 – US PPI (Sep) – expected at 0  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 15th October 2004
    FX-Strategy Friday October 15, 2004 - 00:15:28 GMT

    Price: 109.65

    Resistance: 109.70 ... 110.25 ... 110.40 ... 110.60
    Support.....: 109.35 ... 109.13 ... 108.85 ... 108.40

    Bias: While 109.70-90 holds we remain cautiously bearish to 108.30-40 before higher

    Bullish: Further losses seen as expected and the 109  More...    More...



    Forex Points: Euro Tests Top Of Range As US Trade Deficit Widens To $54 Billion
    DailyFX.com Thursday October 14, 2004 - 21:17:47 GMT

    DailyFX Forex Fundamentals 10-14-04

    · Euro Tests Top Of Range As US Trade Deficit Widens To $54 Billion
    · Pound Gains Limited On a Weaker BCC Economic Survey
    · Yen - Oil Relationship Breaks Down

    EURUSD

    The price action in the euro was very interesting today as the pair skyrocketed on the much weaker than expected US trade deficit, only to quickly retrace its gains over the next hour and then rebound back towards session highs  More...    More...



    SHORT LIVED BEAR PARADE ON WEAK US DATA
    Forex.com Thursday October 14, 2004 - 19:13:20 GMT

    The New York session began with a flurry of activity that saw the dollar trade down on the back of more weak US Data. Initial Jobless Claims came in higher than expected (340K) at 352k and the US Trade Balance widened to the second largest ever to 54 billion which is higher than the forecasted 51  More...    More...


    FX Thoughts - Evening - 14/10/04.......1230 GMT
    FX Thoughts for the Day Thursday October 14, 2004 - 12:55:55 GMT

    Euro @ 1.2407/10.....Watching
    ----------------------------------------

    R: 1.2409 / 1.2440 / 1.2495
    S: 1.2336-07 / 1.2296-77 / 1.2242-31
    Strong support at 1.2347-39, which have held price up since morning and likely it would stay above the yesterday’s high of 1  More...    More...



    Markets looking for poor US data
    INVESTICA Ltd Thursday October 14, 2004 - 09:55:45 GMT

    Immediate direction will be set by the US trade figures and a monthly deficit above US$53bn would unsettle the US currency, especially if oil prices remain high. The markets are, however, positioned for a bad figure and a deficit close to expectations could offer some short-term dollar relief  More...    More...


    FOREX:US OPEN MARKET POINTS 10-14-04
    DailyFX.com Thursday October 14, 2004 - 09:43:21 GMT

    Balance This

    After two straight days of terrible Euro-zone eco data now comes the greenback’s turn to face the market. Having unwound all of its NFP gains and more so, the euro hit a low of 2230 at the beginning of yesterday’s US session on the back mildly lower oil prices and continually poor economic reports  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 14th October 2004
    FX-Strategy Thursday October 14, 2004 - 00:40:55 GMT

    Price: 109.65

    Resistance: 109.80 ... 110.25 ... 110.40 ... 110.60
    Support.....: 109.35 ... 109.13 ... 108.75 ... 108.40

    Bias: Cautiously bearish to 108.30-40

    Bullish: No break of the 110.25 resistance and this still remains key to the upside  More...    More...



    Forex: Whipsaw Action In The Dollar Ahead Of Trade Data
    DailyFX.com Wednesday October 13, 2004 - 20:02:09 GMT

    DailyFX Forex Fundamentals 10-13-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Whipsaw Action In The Dollar Ahead Of Trade Data
    ·Italy Joins France And Germany In Reporting A Contraction In Industrial Production
    ·Fastest Wage Growth In The UK Since April 2002

    EURUSD

    Whipsaw action in the euro today could be related to adjustments of positioning ahead of tomorrow’s US trade deficit report  More...    More...



    Forex: Greenspan Drills For Oil
    Foreign Exchange Analytics Wednesday October 13, 2004 - 19:21:08 GMT

    Greenspan Drills For Oil

    With Fed Chairman Greenspan set to discuss oil on Friday, and the price of crude posting record highs, some cursory review of the Chairman's views on oil from early this summer are overdue.

    To set the record straight, I (we) do not know how oil above $50 a barrel will impact growth and the general price level  More...    More...



    Forex: Air Traffic Control Needed for Guidance
    Forex.com Wednesday October 13, 2004 - 19:15:14 GMT

    The day was marked by the broad dollar buying in the morning during the NY session, but after some boring afternoon trading the market picked up steam. Many traders were on the wrong side of the market when the market turned viciously in the afternoon when US Treasury Secretary Snow made some comments regarding the debt in the US  More...    More...


    Forex Market Commentary and Analysis (13 October 2004)
    GCI Financial Wednesday October 13, 2004 - 14:27:35 GMT



    The euro steadily depreciated vis-à-vis the U.S. dollar today as the single currency was offered from the $1.2340 level during European dealing and didn’t find a floor until the $1.2230 level was tested during North American dealing. Stops were hit below the $1  More...    More...



    Daily Forex Market Commentary Wednesday, October 13, 2004 by GFT
    GFT Wednesday October 13, 2004 - 12:48:32 GMT

    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=10132004)

    The dollar clawed higher across the board on Tuesday, but it really made these gains only in early European trading and then trimmed them in the US market  More...    More...



    FX Thoughts - Evening - 13/10/04.......1205 GMT
    FX Thoughts for the Day Wednesday October 13, 2004 - 12:34:31 GMT

    Euro @ 1.2269/72....Crucial Support 1.2285-75
    --------------------------------------------
    R: 1.2303-21 / 1.2334-43 / 1.2364-76
    S: 1.2285-75 / 1.2246-26 / 1.2200
    The Euro has fallen back after an intra-day rally to 1.2340 and has chances of dipping further towards 1  More...    More...



    FOREX: US Market Points 10-13-2004
    DailyFX.com Wednesday October 13, 2004 - 11:21:21 GMT

    Euro, Yen, Pound Consolidate

    Quiet Asian and European sessions tonight as markets absorb yesterday’s drubbing in the euro, while the yen begins to trade once more off its fundamentals as hopes of a quick Chinese revaluation of the yuan fade  More...    More...



    Widespread doubts protect dollar
    INVESTICA Ltd Wednesday October 13, 2004 - 10:22:26 GMT

    The most important short-term factor is likely to be a lack of confidence in the Euro-zone and US economies, especially in view of still high oil prices. These concerns will make it difficult for the dollar or Euro to make progress, especially with a lack of US data  More...    More...


    Daily Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Wednesday October 13, 2004 - 06:58:16 GMT

    EUR/USD still teetering on the brink. Rally looks in doubt - but still in no-man's land technically.

    1.2250 and 1.2380 are the two swing levels for EUR/USD. Key UK employment data up at 08:30 GMT.





    October 13, 2004

    Economic Data Today (all times GMT):

    06:45 – France CPI (Sep)
    08:30 – UK Unemployment Rate/Change (Sep)
    14:30 – UK Leading Indicator Index (Aug)
    21:45 – New Zealand Retail Sales (Aug)
    Selected Data This Week:

    Thu: Japan CGPI, Japan BOJ Report, Japan Consumer Confidence, Sweden Riksbank Rate Decision, Sweden Unemployment, US Trade Balance, US Weekly Crude Supplies
    Fri: Norway Trade Balance, US PPI, US Retail Sales, US Empire Manufacturing, US Industrial Production, US Michigan Confidence


    Market Commentary:

    The USD continued its strength yesterday and briefly broke through the 1  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 13th October 2004
    FX-Strategy Wednesday October 13, 2004 - 00:12:59 GMT

    Price: 109.60

    Resistance: 109.60 ... 109.90 ... 110.25 ... 110.40
    Support.....: 109.35 ... 109.13 ... 108.65 ... 108.35

    Bias: Bearish to 108.35-65

    Bullish: The correction to 110.09 looks to have completed the move & thus we find a bullish scenario tough  More...    More...



    Forex: Euro Weakens On Disappointing ZEW survey and French data
    DailyFX.com Tuesday October 12, 2004 - 21:54:34 GMT

    DailyFX Fundamentals 10-12-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Euro Weakens On Disappointing ZEW survey and French data
    ·Bearish Comments From BoE King and Softer Inflation Pressures Weighs On Pound
    ·Yen Weakens As China Says Speculation About Yuan Revaluation “Groundless”

    EURUSD

    Further evidence of the weakness in the Eurozone economy is once again surfacing  More...    More...



    GREENBACK STRUGGLES TO MAINTAIN GROUND
    Forex.com Tuesday October 12, 2004 - 18:28:10 GMT

    Overnight and toward the N.Y open the Dollar strengthened against its major counterparts and gained back some of the ground that was taken away on Friday. This was in large due to the prospect of possible US repatriation flows resulting from the passing of the US international tax bill  More...    More...


    Daily Forex Market Commentary Tuesday, October 12, 2004 by Global Forex Trading
    GFT Tuesday October 12, 2004 - 17:30:50 GMT


    Daily Commentary by currencies analysts, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=10122004)

    The dollar made little progress on Monday amid holidays and the US and elsewhere. It traded sideways against the euro and the Swiss franc and slipped versus the pound and the yen  More...    More...



    Forex Market Commentary and Analysis (12 October 2004)
    GCI Financial Tuesday October 12, 2004 - 14:58:18 GMT



    The euro extended yesterday’s losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2290 level after encountering tough resistance around the $1.2390 level during Australasian dealing. There a few issues traders are talking about today to explain the euro’s downturn  More...    More...



    FX Thoughts - Evening - 12/10/04.......1159 GMT
    FX Thoughts for the Day Tuesday October 12, 2004 - 12:15:41 GMT

    Euro @ 1.2303/06...Holding Long.
    -------------------------------------------
    R: 1.2317-28 / 1.2358-65
    S: 1.2294-74 / 1.2245-31 / 1.2200
    The Euro seems to be replaying last week's trading pattern, if you look at the 4-hour chart  More...    More...



    FOREX:US OPEN MARKET POINTS 10-12-04
    DailyFX.com Tuesday October 12, 2004 - 11:01:22 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Euro Buried Under Avalanche of Bad Data

    Hurt by a terrible French Industrial Data report and a much weaker than expected ZEW Business Sentiment survey, the euro unwound all its NFP gains from last Friday falling right back to 1  More...    More...



    Sterling at risk
    INVESTICA Ltd Tuesday October 12, 2004 - 10:20:10 GMT

    The speculation that interest rates have peaked will intensify after the weaker than expected inflation figures and this will tend to increase Sterling vulnerability. There will also be longer-term unease over the widening trade deficit. Overall, there is likely to be a Sterling move towards 0  More...    More...


    Forex: Dollar Could Rebound As Euro IMM Longs Reach Record Highs
    DailyFX.com Monday October 11, 2004 - 22:55:14 GMT

    DailyFX Forex Fundamentals 10-11-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Could Rebound As Euro IMM Longs Reach Record Highs
    · Mixed UK Data - Trade Deficit Widens But Retail Sales Improve
    · Oil Hits Another Record High For Fifth Consecutive Trading Session

    EURUSD

    Holidays in the US, Canada and Japan has resulted in a relatively quiet trading session  More...    More...



    Forex: Weak Dollar Trade Back On Table
    Foreign Exchange Analytics Monday October 11, 2004 - 21:50:59 GMT

    Weak Dollar Trade Back On Table

    While Friday's disappointing US non-farm payroll data for September may not have ended the debate over whether the soft patch is behind the US economy,
    it did put the weak dollar trade back on the table  More...    More...



    Forex: Quiet After The Storm
    Forex.com Monday October 11, 2004 - 18:34:47 GMT

    Markets quiet for Holiday. The market has been very quiet today following Friday fireworks, as Columbus Day has come for the US. With Asia out as well last night we have seen very little market moves today. The dollar has risen slightly against its G7 counterparts but no follow thru much higher is expected with Europe gone and most of the US out  More...    More...


    Forex Market Analysis and Commentary (11 October 2004)
    GCI Financial Monday October 11, 2004 - 15:15:37 GMT



    The euro came off modestly vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2385 level after peaking around the $1.2420 level during Australasian dealing. Holidays in Japan, the U.S., and Canada significantly limited the pair’s range today at the beginning of a week that will be very light on U  More...    More...



    Daily Forex Market Commentary Monday, October 11, 2004 by GFT
    GFT Monday October 11, 2004 - 12:08:20 GMT

    Daily Commentary by Cornelius Luca, currencies analyst, Global Forex Trading
    (source:http://www.gftforex.com/resources/daily.asp?date=10112004)

    The dollar collapsed on Friday as the US non-farm payrolls came well below expectations. Trading should be subdued today as Japan, the US and Canada are closed, but the dollar should remain under general selling pressure  More...    More...



    FX Thoughts - Evening - 11/10/04.......1145 GMT
    FX Thoughts for the Day Monday October 11, 2004 - 11:59:41 GMT

    Euro @ 1.2397/2400....Crucial Resistance at 1.2440-60
    ---------------------------------------------------
    R: 1.2440-60 / 1.2488-97
    S: 1.2377 / 1.2353-27 / 1.2313-2290
    The Euro closed relatively strong on Friday (after the weaker than expected US NFP data), but the market chose not to push through the crucial 1  More...    More...



    Euro faces tough barrier
    INVESTICA Ltd Monday October 11, 2004 - 11:10:18 GMT

    The weak US employment report will undermine dollar sentiment, especially as it will increase doubts over fourth-quarter growth. There will also be further speculation that the Fed will not increase rates above 2.0%. High oil prices will also tend to dampen US growth expectations and the net impact is likely to be dollar negative  More...    More...


    FOREX: US OPEN MARKET POINTS 10-11-04
    DailyFX.com Monday October 11, 2004 - 10:36:33 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Euro Doesn’t Buckle But Unlikely To Rise Further

    Very subdued trading in FX markets tonight as both Japan and US are on national holidays. In Asia Pacific, the Aussie continues its winning ways coming to within 20 pips of the 7400 handle as the market seems pleased with Prime Minister Howard’s re-election  More...    More...



    Daily Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Monday October 11, 2004 - 07:21:27 GMT

    USD/JPY collapses through important support. Follow up needed toward 107.50 in coming week to confirm return of downtrend.

    USD looking weak across the board.




    October 11, 2004

    Economic Data Today (all times GMT):

    06:00 – Germany Wholesale Price Index (Sep)
    08:00 – Norway CPI, PPI (Sep)
    08:30 – UK PPI Input/Output (Sep) & Trade Balance (Aug)
    08:30 – UK ODPM House Prices
    12:00 – US Secretary of Treasury Snow to Speak in Ohio
    US FIXED INCOME and some other markets closed for Banking Holiday (but stock markets and agricultural commodities/metals open for trading)

    Selected Data This Week:

    Tue: Sweden CPI, UK CPI/RPI, ZEW Survey
    Wed: Japan Current Account, UK Unemployment
    Thu: Japan CGPI, Japan BOJ Report, Japan Consumer Confidence, Sweden Riksbank Rate Decision, Sweden Unemployment, US Trade Balance
    Fri: Norway Trade Balance, US PPI, US Retail Sales, US Empire Manufacturing, US Industrial Production, US Michigan Confidence

    Market Commentary

    The payrolls number on Friday did in fact release a torrent of activity as we strongly suspected it would on Friday  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 11th-12th October 2004
    FX-Strategy Saturday October 9, 2004 - 14:48:05 GMT

    Price: 1.7930

    Resistance: 1.7950 ... 1.7967 ... 1.7990 ... 1.8030
    Support.....: 1.7920 ... 1.7890 ... 1.7865 ... 1.7835

    Bias: Monday & Tuesday should see price remain below 1.7990 and allow a choppy decline back to the 1  More...    More...



    Dollar faces crucial test
    INVESTICA Ltd Saturday October 9, 2004 - 11:17:09 GMT

    The disappointing US employment report will raise fresh doubts over the US economy's strength, with concerns over a fourth-quarter slowdown. The high level of oil prices will also tend to subdue growth. Interest rates will remain an important focus and there are likely to be growing doubts over a December rate increase  More...    More...


    Forex: Dollar Takes A Free Fall On Disappointing Non-Farm Payrolls
    DailyFX.com Friday October 8, 2004 - 19:47:14 GMT

    DailyFX Forex Fundamentals 10-08-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Takes A Free Fall On Disappointing Non-Farm Payrolls
    ·Weaker German Industrial Production And Wider Current Account
    ·Japanese Yen Rises As China Reiterates Intention To Move To Flexible Currency
    ·Canadian Unemployment Rate Declines to 7  More...    More...



    DOLLAR WRECKED ON WEAK JOBS DATA
    Forex.com Friday October 8, 2004 - 19:08:12 GMT

    The USD got hammered across the board in the start of the New York session. The lower than expected Non-Farm Payroll number was the driving factor. A paltry 96K jobs were added last month which was much weaker than the 150K estimate. EUR/USD spiked from a session low of 1  More...    More...


    Forex Market Commentary and Analysis (8 October 2004)
    GCI Financial Friday October 8, 2004 - 15:44:23 GMT



    The euro made sharp gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2420 level after traders dumped dollars on a weaker-than-expected U.S. September non-farm payrolls report. It was reported that a mere 96,000 new jobs were created last month and the Bureau of Labor Statistics reported that the recent hurricanes in the southeast United States did not have a “material” effect on the data  More...    More...



    Daily Forex Market Commentary Friday, October 08, 2004 by GFT
    GFT Friday October 8, 2004 - 15:02:44 GMT

    Daily Forex Commentary by Cornelius Luca, currencies analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1082004)

    The dollar slipped on Thursday on position squaring ahead of the all-important US unemployment report  More...    More...



    FOREX: US OPEN MARKET POINTS 10-08-04
    DailyFX.com Friday October 8, 2004 - 11:08:44 GMT

    Feeling Rich Yet?

    “If the Economy is Recovering... Why don't we feel any richer?” asks the front page of economy.com. In the contest of NFP hoopla that indeed seems to be the deeper question. The handicapping of the number is all over the place as leading economic data offers few clear clues  More...    More...



    Fed payroll warning?
    INVESTICA Ltd Friday October 8, 2004 - 09:52:55 GMT

    The dollar's near-term direction will be set by the employment report later today and volatility will be a high risk in New York. Markets are expecting an impact from the Florida hurricanes and this could allow the dollar to avoid selling pressure on a weak report, although there would likely to be serious medium-term dollar damage if the employment gain is below 100,000  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 8th October 2004
    FX-Strategy Friday October 8, 2004 - 00:53:32 GMT

    Price: 1.2625

    Resistance: 1.2645 ... 1.2675 ... 1.2715 ... 1.2735
    Support.....: 1.2615 ... 1.2595 ... 1.2565 ... 1.2535

    Bias: Watch the first move - we suspect a pullback to 1.2565-95 before higher

    Bullish: While the short term bullish view for a rally to 1  More...    More...



    Forex: Daily Fundamentals - Dollar Braces For Non-Farm Payrolls
    DailyFX.com Thursday October 7, 2004 - 20:17:27 GMT

    DailyFX Forex Fundamentals 10-07-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Braces For Non Farm Payrolls
    · ECB and BoE Keep Rates Unchanged
    · Another High In Oil Prevents Yen Gains


    EURUSD

    The euro is consolidating against the dollar ahead of tomorrow’s US non-farm payrolls report  More...    More...



    Dollar off the Deep End
    Forex.com Thursday October 7, 2004 - 19:45:48 GMT

    Market Yawns in Anticipation of NFP. The market has remained steady ahead of Fridays all important NFP figures tomorrow. The dollar was given a small boost of confidence today as initial jobless claims were better than expected at +335K, the market was expecting +355K; this helped the dollar bounce off its NY session lows of 1  More...    More...


    Forex Market Commentary and Analysis (7 October 2004)
    GCI Financial Thursday October 7, 2004 - 14:55:55 GMT



    The euro was confined to a narrow range vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2275 level but was capped around the $1.2315 level. The European Central Bank maintained its existing monetary policy, as expected, leaving its refinancing rate unchanged at 2  More...    More...



    Daily Forex Market Commentary Thursday, October 07, 2004 from GFT
    GFT Thursday October 7, 2004 - 13:16:34 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1072004)

    The pound led the European currencies lower versus the dollar on Wednesday. Even dollar/yen shed its contrarian role and edged higher  More...    More...



    FOREX: US OPEN MARKET POINTS 10-07-04
    DailyFX.com Thursday October 7, 2004 - 10:46:30 GMT

    Treading Water

    A very quiet night in the FX markets as dearth of data and the monthly NFP vigil make for very listless trading. The most interesting eco news tonight comes from Down Under as Australian employment expands by 60K instead of only 30K expected  More...    More...



    Caution ahead of payrolls
    INVESTICA Ltd Thursday October 7, 2004 - 10:42:38 GMT

    There will be increasing caution ahead of the US employment figures on Friday and narrow ranges are likely to prevail. If the dollar can push through resistance around 1.2250, there will be the potential for further stop-loss Euro selling which would strengthen the US currency towards 1  More...    More...


    Daily Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Thursday October 7, 2004 - 08:41:07 GMT

    Today or tomorrow may decide once and for all whether it's go or a no-go for EUR/USD rally. 1.2250 and 1.2350 the key swing levels.

    ECB Press Conference at 12:30 GMT may be key catalyst today.




    NOTE: I'm filling in for Mr  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 7th October 2004
    FX-Strategy Thursday October 7, 2004 - 01:06:54 GMT

    Price: 1.2655

    Resistance: 1.2660 ... 1.2680 ... 1.2710 ... 1.2740
    Support.....: 1.2640 ... 1.2625 ... 1.2598 ... 1.2565

    Bias: While 1.2625-40 holds we remain cautiously bullish to 1.2745-75 but note that a reversal lower is due

    Bullish: Gains stalled at 1  More...    More...



    DOLLAR REMAINS BULLISH WITH PAYROLL REPORTS AHEAD
    Forex.com Wednesday October 6, 2004 - 18:59:01 GMT

    The Dollar is still trading strong with EUR/USD drifting down near 1.2250 after the start of the NY trading session and is still holding under 1.23. Meanwhile USD/JPY has continued a steady ascent after holding the line at 111.00 several times and has traded to just under 111  More...    More...


    GVI BiWeekly Forex Survey Results
    Global-View Wednesday October 6, 2004 - 18:22:27 GMT

    Professional forex traders, in the biweekly survey conducted by Global-View.com, predicted the eur/$ would end the year at 1.2326 and the $/yen at 110.08. This compares to mean forecasts of 1.2397 and 109.01 for that date in the previous survey on September 22  More...    More...


    Forex Market Commentary and Analysis (6 October 2004)
    GCI Financial Wednesday October 6, 2004 - 15:18:40 GMT



    The euro retraced most of yesterday’s gains vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2250 level after tumbling below the $1.2300 figure. The pair had earlier failed to advance past the $1.2320 level  More...    More...



    Daily Forex Market Commentary Wednesday, October 06, 2004 - GFT
    GFT Wednesday October 6, 2004 - 13:19:59 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1062004)

    The dollar made the expected pullback versus the European currencies but still managed to make a choppy ascent against the Japanese yen  More...    More...



    FOREX: US OPEN MARKET POINTS 10-06-04
    DailyFX.com Wednesday October 6, 2004 - 10:38:37 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Pound Whipped

    What a whipsaw in cable trading tonight! The long suffering pound bulls thought they finally received some good news as the latest Halifax House survey data registered a healthy 1  More...    More...



    Data jolts Sterling
    INVESTICA Ltd Wednesday October 6, 2004 - 10:09:51 GMT

    Market expectations over a slowdown in the UK economy were jolted by the strong house-price data, but the impact has been lessened by poor manufacturing figures and markets will still be looking for opportunities to sell the UK currency. Sterling is vulnerable to a decline to 1  More...    More...


    Daily Forex Trading Strategies by John Hardy at Saxo Bank
    Saxo Bank Wednesday October 6, 2004 - 07:19:49 GMT

    EUR/JPY may be heading higher as global growth seen threatened by higher oil prices.

    Mixed news on job reports past and potential for job reports present has market gathering energy for a big move in USD majors.



    NOTE: I'm filling in for Mr  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 6th October 2004
    FX-Strategy Wednesday October 6, 2004 - 00:45:21 GMT

    b> Price: 1.2315

    Resistance: 1.2330 ... 1.2350 ... 1.2380 ... 1.2400
    Support.....: 1.2305 ... 1.2275 ... 1.2255 ... 1.2225

    Bias: While 1.2330 holds we are bearish to 1.2185

    Bullish: As expected yesterday's gains were erratic and peaked at 1  More...    More...



    DOLLAR REMAINS FIRM DESPITE WEAK US DATA
    Forex.com Tuesday October 5, 2004 - 18:25:51 GMT

    The Dollar remained strong against the Jpy but slid against Euro after the release of ISM services index that sank from an expected 59.5 to 56.7 in September. The Euro after putting in lows of 1.2265 overnight managed to grind higher on the back of Euro/Gbp buying  More...    More...


    FX Market Commentary and Analysis (5 October 2004)
    GCI Financial Tuesday October 5, 2004 - 17:49:34 GMT



    The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2325 level, partially retracing some of yesterday’s losses. Data released in the U.S. today saw the ISM’s September non-manufacturing report ease to 56  More...    More...



    Daily Forex Market Commentary Tuesday, October 05, 2004 by GFT
    GFT Tuesday October 5, 2004 - 13:29:01 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1052004)

    The dollar marched higher on Monday to complete the recovery of the losses that it incurred on Thursday  More...    More...



    FX Thoughts - Evening - 04/10/04.......1224 GMT
    FX Thoughts for the Day Tuesday October 5, 2004 - 12:29:16 GMT

    Euro @ 1.2299/2302...Buying
    ------------------------
    R: 1.2293-2302 / 1.2328-32 / 1.2354-64
    S: 1.2280 /1.2263-56 / 1.2229-2202
    The 1.2256-63 region has provide Support to the Euro since yesterday. To be remembered also is that 1  More...    More...



    Forex: Return to range trading?
    INVESTICA Ltd Tuesday October 5, 2004 - 10:27:47 GMT

    The Euro retreat back through important support at the 1.2350 level will undermine near-term Euro sentiment and there will also be fears that narrow ranges will again prevail in the short term. Greenspan is likely to be generally optimistic today, but the dollar will still find it difficult to secure strong buying interest  More...    More...


    FOREX: US OPEN MARKET POINTS 10-05-04
    DailyFX.com Tuesday October 5, 2004 - 10:19:28 GMT

    Business as Usual?

    No positive surprises from Euro-land tonight as oil woes weighed heavily on European services sector and growth slowed to the lowest level of the year. The German, French and Italian PMI service surveys all reported worse than expected numbers as stubbornly high oil prices curbed consumer spending in the 12 nation region  More...    More...



    Forex: General Outlook for the Four Majors
    FX-Strategy Tuesday October 5, 2004 - 01:06:19 GMT

    While on one hand we are encouraged in our long term view with yesterday's strong showing for the Dollar we were also frustrated with having our shorter term bearish view, looking for one new low, dashed. Still, while the short term appears to have confirmed reversal we now need to concentrate on the long term reversal signals which we see as a break below 1  More...    More...


    GREENBACK MAKES A COMEBACK
    Forex.com Monday October 4, 2004 - 17:49:01 GMT

    The dollar continued a strong rally that started overnight and lasted well into the NY session today as the euro slide continued to take place. The dollar opened in early Asia 1.2515 and slowly grinded to 1.2675 in NY today on the back of possibly pre G7 fears over the weekend  More...    More...


    Daily Forex Market Commentary Monday, October 04, 2004 by GFT
    GFT Monday October 4, 2004 - 17:28:34 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=1042004)

    The dollar recovered on Friday and this upmove should persist on Monday as well. The G-7 meeting in Washington was a non-event, as expected, as special guest China refused to budge on its artificially weak currency  More...    More...



    Forex Market Commentary and Analysis (4 October 2004)
    GCI Financial Monday October 4, 2004 - 14:47:42 GMT



    The euro depreciated sharply vis-à-vis the U.S. dollar today as the single currency was unable to get through offers around the US$ 1.2415 level and tested bids around the $1.2275 level. The move comes on the heels of the G7 summit in Washington, D  More...    More...



    FX Thoughts - Evening - 04/10/04.......1222 GMT
    FX Thoughts for the Day Monday October 4, 2004 - 12:48:12 GMT

    Euro @ 1.2300/03...Fall to 1.2225-15 possible
    --------------------------------------------
    R: 1.2329 / 1.2355 / 1.2378-97
    S: 1.2313-01 / 1.2291-86 / 1.2251-25
    The earlier support at 1.2350 has broken. We'd played for an upside break on Friday  More...    More...



    China resists pressure
    INVESTICA Ltd Monday October 4, 2004 - 10:28:17 GMT

    The lack of Chinese commitment to a stronger yuan will tend to undermine the yen in the very short term and there will be further caution over the Japanese economy. The market is, however, already short of the yen and the dollar is likely to face further selling pressure from exporters  More...    More...


    FOREX: US OPEN MARKET POINTS 10-04-04
    DailyFX.com Monday October 4, 2004 - 10:13:08 GMT

    G-7 Non-Event

    The G-7 statement recycled almost verbatim the Boca Raton communiqué of 7 months ago as participants made no meaningful headway on either China’s CNY revaluation or containment of oil prices. Dealers viewed the G-7 outcome as particularly bearish for the JPY as it suffered a double hit as a result of this inaction  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 4th October 2004
    FX-Strategy Saturday October 2, 2004 - 22:56:27 GMT

    Price: 1.2410

    Resistance: 1.2420 ... 1.2442 ... 1.2460 ... 1.2510
    Support....: 1.2385 ... 1.2365 ... 1.2345 ... 1.2325

    Bias: Possibly continuing the correction to 1.2345-65 but the main risk is still higher

    Bullish: As expected price moved lower to the 1  More...    More...



    Forex: Dollar looks for payroll boost
    INVESTICA Ltd Saturday October 2, 2004 - 12:46:05 GMT

    US rates at 2.0% would help support the US currency as the yield gap over Euros would close and this would alleviate carry-trade dollar selling. While the expectations of a Fed rate hike are intact, the dollar will secure some protection. The underlying questions over US growth have not been answered over the past week  More...    More...


    Forex Market Commentary and Analysis (1 October 2004)
    GCI Financial Friday October 1, 2004 - 17:31:07 GMT



    The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2385 level after testing offers around the $1.2440 level. The common currency regained some ground during North American dealing after a mixed bag of U  More...    More...



    FX Thoughts - Evening - 01/10/04.......1241 GMT
    FX Thoughts for the Day Friday October 1, 2004 - 12:56:53 GMT

    Euro @ 1.2410/3....Holding Longs
    --------------------------------
    R: 1.2406 / 1.2467 / 1.2484 / 1.2508-33
    S: 1.2384-74 / 1.2351-41 / 1.2324-04
    The Support at 1.2380 has held do far today. It is now to be seen whether or not the Euro rises towards 1  More...    More...



    Dollar needs strong ISM report
    INVESTICA Ltd Friday October 1, 2004 - 10:25:42 GMT

    The Euro push through important resistance yesterday will undermine dollar sentiment and the markets will want to push the dollar down towards at least the 1.2450 level. The Euro has also probably entered a higher range. There will also be caution ahead of the G7 meetings and doubts over US economic trends  More...    More...


    FOREX: US OPEN MARKET POINTS 10-01-04
    DailyFX.com Friday October 1, 2004 - 09:46:06 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Fading the Carry

    Going almost unnoticed amidst market’s endless preoccupation with every turn and squiggle of the EUR/USD pair has been the hidden bull move in the high yield commodity currencies  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 1st October 2004
    FX-Strategy Friday October 1, 2004 - 01:49:22 GMT

    Price: 109.95

    Resistance: 110.15 ... 110.35 ... 110.70 ... 111.00
    Support....: 109.80 ... 109.50 ... 109.35 ... 109.05

    Bias: Expect a test of the 109.05-35 support

    Bullish: The decline below 109  More...    More...



    Forex: Is Weak Dollar Trade Back?
    Foreign Exchange Analytics Thursday September 30, 2004 - 18:23:12 GMT

    Is Weak Dollar Trade Back?

    While I am no chartist, the strongest argument for the weak dollar trade resuming for the next several quarters so far is technical (for many, not all chartists). It is lower because it is lower. It is hard to find hard fundamental reasons to explain the timing for what appears to be a serious break out of the range (euro/dollar for sake of argument) since the early spring  More...    More...



    Forex Market Commentary and Analysis (30 September 2004)
    GCI Financial Thursday September 30, 2004 - 17:58:53 GMT



    The euro rocketed to its highest level in more than two months today as the single currency tested offers around the US$ 1.2440 level after European dealers lifted the pair sharply from the $1.2315 level. The move higher actually commenced before the release of U  More...    More...



    FX Thoughts - Evening - 30/09/04.......1159 GMT
    FX Thoughts for the Day Thursday September 30, 2004 - 12:31:36 GMT

    Euro @ 1.2346/9....Buying
    ------------------------------
    We buy EUR 20K at currrent level, SL 1.2310, TP 1.2390


    $-Yen @ 110.40/4....Looking to sell
    -----------------------------------
    R: 110.94 / 111.12-25 / 111  More...    More...



    Daily Forex Market Commentary Thursday, September 30, 2004 from GFT
    GFT Thursday September 30, 2004 - 11:10:32 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (GFT) Source: http://www.gftforex.com/resources/daily.asp?date=9302004


    Dollar/yen and sterling/dollar fell sharply on Wednesday, sending the market into a frenzy to liquidate long sterling/yen positions  More...    More...



    FOREX: US OPEN MARKET POINTS 09-30-04
    DailyFX.com Thursday September 30, 2004 - 10:01:24 GMT

    Price Control

    Lot’s of heat, little light. After 19 economic reports in the Euro-zone tonight, the EUR/USD remained practically motionless trading in a 20 pip range as the data failed to inspire either bulls or bears to take a stance. The most telling aspect of tonight’s releases is the muted nature of prices in the Euro-zone  More...    More...



    Sterling struggles to recover
    INVESTICA Ltd Thursday September 30, 2004 - 10:00:24 GMT

    Expectations that UK interest rates have peaked have been intensified by the comments yesterday and this will tend to undermine Sterling in the short term, although the housing data today was slightly stronger than expected. There is the risk of a fresh push towards 0  More...    More...


    Forex Trading Strategies by Robert P. Balan at Saxo Bank
    Saxo Bank Thursday September 30, 2004 - 09:08:43 GMT

    AUD/USD likely to stay at .7120, rally to .7300 - .7400 follows; NZD/USD finds support at .6670

    The Australian dollar rose on expectations reports today will show retail sales and credit provided to consumers and businesses increased in August, signs economic growth is accelerating  More...    More...



    EURO and GBP are in correction mode- watch and trade- no sentimental attachment to any pair - they are tradable.....
    I-Knowindices Thursday September 30, 2004 - 03:22:15 GMT

    other majors are expected to make swings and correct........wait for the moves.........

    MORE SLIDE WILL HAPPEN TILL WEEK END

    Hence sell during stop hunt quick rise near the high set for the day in other majors and aim to book profit during quick drop as swing trade   More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 30th September 2004
    FX-Strategy Thursday September 30, 2004 - 01:28:48 GMT

    Price: 111.10

    Resistance: 111.25 ... 111.45 ... 111.70 ... 112.10
    Support....: 110.85 ... 110.65 ... 110.35 ... 109.90

    Bias: Range trading between 110.85 -111.45 expected

    Bullish: The decline to 110  More...    More...



    Forex Market Analysis and Commentary (29 September 2004)
    GCI Financial Wednesday September 29, 2004 - 17:58:02 GMT



    The euro moved lower vis-à-vis the U.S. dollar today as the single currency drifted lower to the US$ 1.2290 level after testing offers around the $1.2340 level. Traders reacted to the release of final U.S. Q2 GDP data that saw an upward revision in economic expansion to an annualized rate of +3  More...    More...



    Forex: Dollar Rallies As US Q2 GDP Revised From 2.8% To 3.3%
    DailyFX.com Wednesday September 29, 2004 - 15:59:45 GMT

    DailyFX Fundamentals 09-29-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · US Q2 GDP Revised From 2.8% To 3.3%
    · Pound Weakens As BoE Barker Says ‘Rates Are At Cycle Peak’
    · Japanese Retail trade Weakens More Than Expected

    EURUSD

    The rally in the euro is losing steam as the US economy reports faster than expected growth in the second quarter  More...    More...



    Daily Forex Market Commentary Wednesday, September 29, 2004 - GFT
    GFT Wednesday September 29, 2004 - 13:20:23 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source:http://www.gftforex.com/resources/daily.asp?date=9292004)

    Dollar/yen and sterling/dollar marched higher on Tuesday, matching expectations for a strong sterling/yen, while the euro and the Swiss franc made modest gains  More...    More...



    FX Thoughts - Evening - 29/09/04.......1147 GMT
    FX Thoughts for the Day Wednesday September 29, 2004 - 12:04:08 GMT

    Euro @ 1.2322/5....Range 1.2365-2255 before 1.24
    ------------------------------------------------
    R: 1.2350-65 / 1.2406 / 1.2469
    S: 1.2316-07 / 1.2294-74 / 1.2253-29
    The Euro has come off slightly since the morning, but is still very unclear and indecisive for the day  More...    More...



    US OPEN MARKET POINTS 09-29-04
    DailyFX.com Wednesday September 29, 2004 - 11:00:21 GMT

    Talking Down the Dollar?

    With G-7 meeting nearly upon us, the FX market has become preoccupied with US attempts to corral China to un-peg the CNY, thus in effect devaluing the dollar. Over the past week John Snow has made several comments demanding a more flexible Chinese monetary policy  More...    More...



    Defensive qualities support Euro
    INVESTICA Ltd Wednesday September 29, 2004 - 09:55:51 GMT

    Oil prices are likely to dominate for now and there will be further concerns that the US economy will slow. The dollar's weak bounce from 1.2350 also suggests some vulnerability. The net risks are slightly dollar negative with investors preferring the safety of the Euro while this uncertainty persists  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 29th September 2004
    FX-Strategy Wednesday September 29, 2004 - 01:02:08 GMT

    Price: 1.8120

    Resistance: 1.8145 ... 1.8160 ... 1.8190 ... 1.8235
    Support....: 1.8110 ... 1.8085 ... 1.8060 ... 1.8025

    Bias: While acknowledging the chance of a rally to 1.8190 we feel the larger risk is lower

    Bullish: Further gains were seen as expected to the 1  More...    More...



    Euro And Pound Rally On Stronger Data
    DailyFX.com Tuesday September 28, 2004 - 20:11:37 GMT

    DailyFX Fundamentals 09-28-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · US Consumer Confidence Slips Unexpectedly
    · Euro And Pound Rally On Stronger Data
    · Yen Extends Slide As Oil Prices Breach $50 Per Barrel

    EURUSD

    The euro continued to rally towards the top of its recent range as we finally see encouraging European economic data  More...    More...



    ITS ALL ABOUT OIL
    Forex.com Tuesday September 28, 2004 - 18:26:35 GMT

    The currency markets started off with oil prices on their minds after light sweet crude got above 50 dollars a barrel just before N.Y. traders got into their seats. JPY was sold off against all of its major counterparts and this caused Dollar/Jpy to spike toward daily highs of 111  More...    More...


    Forex Market Analysis and Commentary (28 September 2004)
    GCI Financial Tuesday September 28, 2004 - 13:24:59 GMT



    The euro extended its recent upswing vis-à-vis the U.S. dollar today as the single currency tested offers just below the US$ 1.2350 level, its highest level since 20 August. The pair has now gained more than 350 pips after briefly trading below the $1  More...    More...



    FX Thoughts - Evening - 28/09/04.......1210 GMT
    FX Thoughts for the Day Tuesday September 28, 2004 - 12:47:33 GMT

    Euro @ 1.2336/39...May rise to 1.2365-75
    ----------------------------------------
    R: 1.2348 / 1.2365-74-85-98 /1.2469
    S: 1.2290-71 / 1.2263-47 / 1.2231-11
    In the morning we'd suggested a range of 1.2250-2365 for the day. It looks like the Euro is drifting up towards the higher end of the range  More...    More...



    US OPEN MARKET POINTS 09-28-04
    DailyFX.com Tuesday September 28, 2004 - 10:32:59 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Confidence Game

    A quiet European session as EUR/USD consolidated yesterday’s gains around the 2300 handle. Talk of a large seller at 2315 capped the pair above 2300 all night long but firm data out of Europe has kept euro bears at bay  More...    More...



    Oil dominates trading
    INVESTICA Ltd Tuesday September 28, 2004 - 10:12:21 GMT

    High oil prices and Nikkei vulnerability will continue to undermine the yen in the short term. The potential yen damage will increase if high oil prices are sustained. If the rumours of BOJ dollar support are true, there will also be a much-improved chance of a dollar move to at least 112  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 28th September 2004
    FX-Strategy Tuesday September 28, 2004 - 00:57:56 GMT

    Price: 1.8110

    Resistance: 1.8125 ... 1.8140 ... 1.8165 ... 1.8190
    Support....: 1.8070 ... 1.8050 ... 1.8025 ... 1.8003

    Bias: A rally to 1.8125-45 followed by a pullback at the very least

    Bullish: We are encouraged with yesterday's strength but feel that the 1  More...    More...



    Currency Markets At The Mercy of Oil
    DailyFX.com Monday September 27, 2004 - 21:37:58 GMT

    DailyFX Fundamentals 09-27-04

    By Kathy Lien, Chief Strategist at www.dailyfx.com

    · US New Home Sales Surge By Largest Amount In 14 Years
    · German Business Confidence (IFO) Weakens Modestly
    · Yen Weakens As Oil Prices Hit New Highs

    EURUSD

    The biggest news in the market today is the rapid rise in oil prices  More...    More...



    Daily Forex Market Commentary Monday, September 27, 2004 by GFT
    GFT Monday September 27, 2004 - 21:25:42 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9272004)

    The dollar recovered losses made against all the major currencies except for the pound on Friday following a mixed Durable Goods Orders report  More...    More...



    JPY's Oily Slide
    Forex.com Monday September 27, 2004 - 18:34:21 GMT

    This morning saw the release of the New Home Sales figures for the month of August. The number was slightly better then expected at 1.184 million, expectations were for 1.155 million; however, the revision of last month’s data was slightly worse. The market viewed this as a wash and we saw little reaction to the release  More...    More...


    Forex Market Analysis and Commentary (27 September 2004)
    GCI Financial Monday September 27, 2004 - 15:11:56 GMT



    The euro was little-changed vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2295 level and was supported around the $1.2245 level. The pair was quite compared with Friday’s wild ride that saw the pair spike above the $1  More...    More...



    FX Thoughts - Evening - 27/09/04 - 1716 IST or 1146 GMT
    FX Thoughts for the Day Monday September 27, 2004 - 12:49:27 GMT

    Euro @ 1.2255/8...Selling some
    -----------------------------------
    R: 1.2267-77 / 1.2311-25 / 1.2364-9
    S: 1.2245-39 / 1.2228-15 / 1.2207-2197
    The Euro has drifted down after the IFO data and is testing Support at 1.2245-39 now  More...    More...



    Forex: US growth doubts persist
    INVESTICA Ltd Monday September 27, 2004 - 09:56:38 GMT

    The dollar will be hampered by the doubts over US growth trends while the low level of US Treasury yields will encourage a further shift into higher-yield currencies. The 1.2350 region remains important for medium-term trends. There are likely to be fresh buying attempts to trigger a Euro break above this level, but the Euro offers little immediate value above 1  More...    More...


    Forex: US OPEN MARKET POINTS 09-27-04
    DailyFX.com Monday September 27, 2004 - 09:51:30 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    IFO -Stable But No Growth

    The IFO Business Confidence survey reported essentially in line at 95.2 versus 95.1 expected and slightly lower that last month’s 95.3 reading. In a true case of “no news is good news” traders breathed a sigh of relief that the current spike in oil prices to nearly $50/bbl did not do more damage to German business confidence and the euro bounced from its pre-IFO sell-off  More...    More...



    Forex Trading Strategies by Robert P. Balan at Saxo Bank
    Saxo Bank Monday September 27, 2004 - 07:29:58 GMT

    GBP/USD improves technically, but may dip to 1.8000 before heading higher; EUR/USD may yet decline to 1.2230 - 1.2220

    U.K. mortgage lending probably grew in August at the slowest pace since May 2003, while house prices were likely unchanged in September as higher borrowing costs crimped consumer demand  More...    More...



    market moves are againsts traders sentiments
    I-Knowindices Monday September 27, 2004 - 04:01:54 GMT

    the market volatility happens when all the traders tend to view one way - say now the USD is expected to weaken further.But the optimality decides the reversals.Because the operators sense the market herd mentality and act against.For them money making is the objective and not to strengthen or weaken any pair  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 27th September 2004
    FX-Strategy Sunday September 26, 2004 - 11:54:37 GMT

    Price: 1.2625

    Resistance: 1.2635 ... 1.2655 ... 1.2695 ... 1.2715
    Support....: 1.2605 ... 1.2565 ... 1.2545 ... 1.2510

    Bias: Cautiously bullish to 1.2700-20 which we feel should cap

    Bullish: We have seen a strong recovery from the 1  More...    More...



    Dollar Unchanged On Weak Headline Durable Goods But Encouraging Ex-Transportation
    DailyFX.com Friday September 24, 2004 - 21:34:12 GMT

    DailyFX Forex Fundamentals - 09/24/2004

    • Dollar Unchanged On Weak Headline Durable Goods But Encouraging Ex-Transportation
    • Softer Consumer Prices In German States
    • Yen Maintains Losses As Oil Prices Soar

    EURUSD

    Mixed European data gave the dollar the reins in early US trading, although the pair ended the day generally unchanged  More...    More...



    Dollar Rebounds
    Forex.com Friday September 24, 2004 - 19:26:57 GMT

    The dollar flexed its muscle today after initially tripping stops down to 1.2510. The Durable Goods came in -.5% after expectations of -.3%, yet ex-transportation came in +2.3% after expectations of +.8%, this led to a wild ride in the market. On the initial figure we saw the dollar take a beating down to 1  More...    More...


    Dollar Rebounds
    Forex.com Friday September 24, 2004 - 19:26:55 GMT

    The dollar flexed its muscle today after initially tripping stops down to 1.2510. The Durable Goods came in -.5% after expectations of -.3%, yet ex-transportation came in +2.3% after expectations of +.8%, this led to a wild ride in the market. On the initial figure we saw the dollar take a beating down to 1  More...    More...


    Forex Market Commentary and Analysis (24 September 2004)
    GCI Financial Friday September 24, 2004 - 17:14:13 GMT



    The euro could not sustain its earlier gains vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2235 level after spiking to the $1.2365 level earlier in the session. The pair was under water during early North American dealing when it was reported that new order for manufactured durable goods in August decreased US$0  More...    More...



    Daily Forex Market Commentary Thursday, September 23, 2004 by GFT
    GFT Friday September 24, 2004 - 13:54:51 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9232004)

    The dollar accelerated its gains that stated on Wednesday versus the yen but trimmed its recovery against the European currencies  More...    More...



    FX Thoughts - Evening - 24/09/04.......1210 GMT
    FX Thoughts for the Day Friday September 24, 2004 - 12:18:20 GMT

    Euro @ 1.2306/9...Watch 1.2325-2265
    -------------------------------------
    R: 1.2325-6 / 1.2347 / 1.2406 / 1.2450
    S: 1.2289-77 / 1.2265-54 / 1.2235-11
    Trading at 1.2300, it seems Euro Sellers are not too keen on pushing it down immediately  More...    More...



    Oil prices in focus again
    INVESTICA Ltd Friday September 24, 2004 - 09:46:45 GMT

    Yield considerations will remain important and the more aggressive Fed minutes will offer some dollar support. There will still be major uncertainties over the US economy's fourth-quarter direction. The dollar will remain very vulnerable if the forthcoming data is weak while high oil prices will also sap dollar strength  More...    More...


    Forex Trading Strategies by Robert P. Balan at Saxo Bank
    Saxo Bank Friday September 24, 2004 - 07:53:10 GMT

    USD/JPY may extend the rally to 111.50, but should fall thereafter towards 109.00 - 108.75 support area

    Japan's services industry contracted for a second month in three in July as companies reduced spending on computer software, telecommunications and financial services  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 24th September 2004
    FX-Strategy Friday September 24, 2004 - 01:07:25 GMT

    Price: 1.2270

    Resistance: 1.2320 ... 1.2346 ... 1.2385 ... 1.2405
    Support....: 1.2250 ... 1.2225 ... 1.2200 ... 1.2185

    Bias: Cautiously bullish for 1.2346 again and probably 1.2400

    Bullish: We look for 1  More...    More...



    Biweekly GVI Survey Results
    Global-View Thursday September 23, 2004 - 20:58:09 GMT

    The Bi-weekly GVI survey of professional dealers continued to see little change for the eur/$ and $/yen by the end of next week with mean forecasts for 1.2233 and 110.21 for the European close on Friday, October 1. For yearend the eur/$ is seen slightly higher at 1  More...    More...


    Dollar Shows Its True Grit
    Forex.com Thursday September 23, 2004 - 20:36:53 GMT

    The dollar showed resilience today in the face of more mediocre numbers and a bid euro but in the late afternoon came thru to see the light as it pulled out of the doldrums once again. There was some good news for the dollar after the FOMC minutes was released late in the afternoon and followed by hawkish comments  More...    More...


    Forex Market Analysis and Commentary (23 September 2004)
    GCI Financial Thursday September 23, 2004 - 14:45:57 GMT



    The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2335 level before settling back around the $1.2305 level during North American dealing. Data released in the U.S. today saw weekly initial jobless claims rise 14,000 to 350,000 in the week ending 18 September while the four-week moving average rose to 341,000 and continuing claims rose 5,000 to 2  More...    More...



    Daily Forex Market Commentary Thursday, September 23, 2004 by GFT
    GFT Thursday September 23, 2004 - 13:54:14 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=9232004)

    The dollar accelerated its gains that stated on Wednesday versus the yen but trimmed its recovery against the European currencies  More...    More...



    US OPEN MARKET POINTS 09-23-04
    DailyFX.com Thursday September 23, 2004 - 10:55:31 GMT

    Wrong Foot?

    The best description of present FX market action comes from UBS which calls tonight’s dollar trading as “wrong footing the markets”. Going back to our days of youth when tennis was a game we could actually play, there was no sweeter feeling in the world then hitting the ball deep into one corner of the court while our opponent was running in the opposite direction - thus “wrong footing” him  More...    More...



    Global doubts offer Sterling protection
    INVESTICA Ltd Thursday September 23, 2004 - 10:16:05 GMT

    There will be further speculation that UK housing prices are weakening and that this will allow the Bank of England to keep interest rates on hold. Bad news has, however, been factored into current levels and Sterling should be able to resist a decline through the 0  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 23rd September 2004
    FX-Strategy Thursday September 23, 2004 - 01:28:34 GMT

    Price: 110.65

    Resistance: 110.75 ... 111.15 ... 111.40 ... 112.25
    Support....: 110.40 ... 110.15 ... 109.85 ... 109.55

    Bias: Bullish to 111.15-35 before capping and reversing lower again

    Bullish: The break of 110  More...    More...



    Dollar Reverts To Ranges On Conflicting Interpretation Of FOMC Statement
    DailyFX.com Wednesday September 22, 2004 - 21:31:47 GMT

    Daily FX Forex Fundamentals 09-22-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Reverts To Ranges On Conflicting Interpretation Of FOMC Statement
    ·Hawkish Comments From Trichet Fail To Rally Euro
    ·Yen Slides As Japanese Trade Surplus Shrinks

    EURUSD

    The euro gave back a good portion of yesterday’s gains, which means that we are right back to range trading  More...    More...



    Forex Market Analysis and Commentary (22 September 2004)
    GCI Financial Wednesday September 22, 2004 - 20:39:05 GMT



    The euro retraced most of its intraday gains vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2230 level after diving from the $1.2320 level during early North American dealing. The common currency retraced most of its sharp late-day gains from yesterday following the FOMC’s 25bps monetary tightening  More...    More...



    FX Thoughts - Evening - 22/09/04.......1228 GMT
    FX Thoughts for the Day Wednesday September 22, 2004 - 12:40:45 GMT

    Euro @ 1.2257/60....Stopped out of Longs
    ---------------------------------------
    R: 1.2284-2300 / 1.2348
    S: 1.2258 / 1.2239-16
    Possibly yesterday's rise to 1.2348 was a false breakout from a "narrowing range". No regrets. We went Long on what could have been a proper breakout  More...    More...



    Forex: FOMC Upgrades Growth, Jobs But Downgrades Inflation
    Foreign Exchange Analytics Wednesday September 22, 2004 - 10:47:37 GMT

    FOMC Upgrades Growth, Jobs But Downgrades Inflation

    FOMC statement today upgraded its assessment of growth and employment but downgraded its assessment of inflation. Clearly the long
    end of the bond market welcomed the statement by rallying  More...    More...



    US OPEN MARKET POINTS 09-22-04
    DailyFX.com Wednesday September 22, 2004 - 10:18:04 GMT

    Trend or Range?

    Having gained 200 points in the last 36 hours the EUR/USD paused tonight as mixed European data offered little reason for further gains in the pair just yet. Although Italian consumer confidence data reached a yearly high, Italian hourly wages made absolutely no progress in the month of August registering 0% growth  More...    More...



    Euro likely to hit resistance
    INVESTICA Ltd Wednesday September 22, 2004 - 09:40:25 GMT

    US interest rate expectations are unlikely to weaken significantly further in the short term. The dollar will, however, be vulnerable if forthcoming economic data is weak as this will increase speculation over a Fed pause. The Euro data has not justified aggressive buying and the Euro is likely to hit tough resistance close to the 1  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 22nd September 2004
    FX-Strategy Wednesday September 22, 2004 - 02:44:49 GMT

    Price: 109.70

    Resistance: 109.90 ... 110.15 ... 110.45 ... 110.60
    Support....: 109.60 ... 109.45 ... 109.05 ... 108.75

    Bias: Trade with break of 109.45 - 110.15 range. Our bias is higher.

    Bullish: No break of the 110  More...    More...



    Dollar Rolls Over
    Forex.com Tuesday September 21, 2004 - 20:14:58 GMT

    The greenback took a beating today even before the FOMC announcement to hike rates a quarter. Rumors of Citibank buying a HYPO Bank over night sent the euro to new highs of 1.2280 as it broke major trend line resistance at 1.2180. The Fed then announced its decision to hike rates at 2:15 pm NY time and the euro after a brief dip towards 1  More...    More...


    Dollar Tanks Despite Fed Rate Hike
    DailyFX.com Tuesday September 21, 2004 - 19:21:18 GMT

    DailyFX Forex Fundamentals 09-21-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Tanks Despite Fed Rate Hike
    · Foreigners Sold European Assets On a Net Basis In July
    · House Prices In UK Are Expected To Decline In The Months Ahead

    EURUSD

    The euro rallied approximately 70 pips against the dollar following the FOMC monetary policy announcement  More...    More...



    Forex Market Analysis and Commentary (21 September 2004)
    GCI Financial Tuesday September 21, 2004 - 15:51:58 GMT




    The euro gained ground vis-à-vis the U.S. dollar today as traders squared positions ahead of the FOMC’s expected 25bps monetary tightening. The single currency rocketed to the $1.2280 level – its highest rate in more than one week – after traders lifted the pair from the $1  More...    More...



    Forex Commentary by Global Forex Trading
    GFT Tuesday September 21, 2004 - 13:29:29 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=9212004)

    The dollar traded slightly higher versus the European currencies on Monday but trotted in place against the Japanese yen  More...    More...



    FX Thoughts - Evening - 21/09/04.......1224 GMT
    FX Thoughts for the Day Tuesday September 21, 2004 - 12:43:10 GMT

    Euro @ 1.2274/77....Has the market shown its hand?
    ---------------------------------------------------
    R: 1.2276 / 1.2325 / 1.2351
    S: 1.2228-10 / 1.2180-64 / 1.2151-43
    Market breached an earlier resistance level at 1.2216 and has risen to an intraday high of 1  More...    More...



    US OPEN MARKET POINTS 09-21-04
    DailyFX.com Tuesday September 21, 2004 - 09:52:12 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Reversal of Fortune

    What a surprise. Not! Another night of FX trading, another reversal move in the EUR/USD as the pair completely retraces yesterday’s losses. The main impetus for the rise is the better than expected Euro-zone Current Account surplus which reported €1  More...    More...



    Fed statement closely watched
    INVESTICA Ltd Tuesday September 21, 2004 - 09:18:23 GMT

    Activity will remain very subdued ahead of the Fed decision and rates should be raised by 0.25%. This rate hike is priced in and will not therefore benefit the dollar. The US currency will drop sharply if there is no rate increase, although this is unlikely  More...    More...


    Forex Trading Strategies by Robert P. Balan at Saxo Bank
    Saxo Bank Tuesday September 21, 2004 - 07:31:54 GMT

    USD/CAD may rally back to 1.3040 post Fed rate hike (if any); but look for decline to 1.2860 thereafter

    Bank of Canada Governor David Dodge said the central bank is planning more interest-rate increases in order to harness economic growth that's close to sparking faster inflation  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 21st September 2004
    FX-Strategy Tuesday September 21, 2004 - 00:57:38 GMT

    Price: 1.7845

    Resistance: 1.7870 ... 1.7900 ... 1.7915 ... 1.7940
    Support....: 1.7840 ... 1.7815 ... 1.7790 ... 1.7745

    Bias: While 1.7900-15 holds we remain bearish to 1.7760-90

    Bullish: Yesterday's losses appear to negate any overly bullish stance  More...    More...



    Market On Fed Watch – Central Bank Expected to Raise Interest Rates By Quarter Point
    DailyFX.com Monday September 20, 2004 - 21:29:41 GMT

    DailyFX Forex Fundamentals 09-20-04

    ·Market On Fed Watch – Central Bank Expected to Raise Interest Rates By Quarter Point
    ·Pound Slips As Mortgage Lending Slows
    ·Bank of Canada Governor Dodge Says “Further Tightening May Be Necessary”


    EURUSD

    With Japan closed for a holiday and no economic data scheduled for release from the US and Europe, the market is currently on Fed Watch  More...    More...



    Daily Forex Market Commentary Monday, September 20, 2004 from GFT
    GFT Monday September 20, 2004 - 17:59:33 GMT

    (source: http://www.gftforex.com/resources/daily.asp?date=9202004)

    The dollar edged higher versus the European currencies on Friday, particularly the Swiss franc, and made the expected upmove against the yen. The market ignored the slip in University of Michigan’s consumer confidence report  More...    More...



    Forex Market Commentary and Analysis (20 September 2004)
    GCI Financial Monday September 20, 2004 - 15:32:53 GMT



    The euro came off vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2185 level during Australasian dealing and was supported around the $1.2125 level during North American dealing. Many traders are on the sidelines ahead of tomorrow’s FOMC interest rate decision  More...    More...



    FX Thoughts - Evening - 20/09/04.......1158 GMT
    FX Thoughts for the Day Monday September 20, 2004 - 12:12:48 GMT

    Euro @ 1.2132/35.....Exiting long
    ----------------------------------
    R: 1.2157-81 / 1.2202-07 / 1.2223-38
    S: 1.2146-31 / 1.2088 / 1.1993
    Price has just breached crucial support levels at 1.2147. On the down side it finds support at 1  More...    More...



    Dollar still faces yen resistance
    INVESTICA Ltd Monday September 20, 2004 - 10:07:31 GMT

    There will be doubts over the Japanese growth outlook, especially with a fresh rise in oil prices. There will also be speculation that Japan will curb any yen gains which will curb buying interest with the potential for tough resistance around 109.0. The wider regional exchange rate pressures are still likely to support the yen  More...    More...


    US OPEN MARKET POINTS 09-20-04
    DailyFX.com Monday September 20, 2004 - 09:43:21 GMT

    US OPEN MARKET POINTS 09-20-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Sometimes You Have to Lose in Order to Win

    With Tokyo on holiday, trading in Asia tonight was practically non-existent. IFR reported that the Aussie did not trade on the “machine” for three hours! As Europe opened however the tone became decisively dollar positive as dealers appear to be positioning for a bullish FOMC statement that will promise more rate hikes ahead  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 20th September 2004
    FX-Strategy Sunday September 19, 2004 - 08:43:49 GMT

    Price: 1.7940

    Resistance: 1.7960 ... 1.7980 ... 1.8005 ... 1.8035
    Support....: 1.7910 ... 1.7890 ... 1.7865 ... 1.7840

    Bias: We prefer a bearish scenario but wait for break of 1.7865-90 to confirm

    Bullish: While the long term picture is bearish we find the short term a little mixed  More...    More...



    Barriers to near-term Euro gains
    INVESTICA Ltd Saturday September 18, 2004 - 11:10:39 GMT

    The most likely outcome is that the Fed will increase interest rates by 0.25% to 1.75% next week, but the combination of low inflation and uncertainty over growth will give the Fed scope for a pause in interest rate hikes during the fourth quarter. A pause would lessen the potential for a dollar rally and any sign of a slowdown in consumer spending would also unsettle the US currency  More...    More...


    Slightly Weaker University of Michigan Sentiment Survey
    DailyFX.com Friday September 17, 2004 - 19:59:57 GMT

    DailyFX Forex Fundamentals 09-17-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Slightly Weaker University of Michigan Sentiment Survey
    · ECB Hurley Says “Inflation Is Not A Great Concern”
    · Consumer Price Inflation Slows In Canada

    EURUSD

    The euro ended the day unchanged and the week down 1  More...    More...



    Forex Market Analysis and Commentary (17 September 2004)
    GCI Financial Friday September 17, 2004 - 19:01:41 GMT



    The euro lost some ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2160 level after moving to the $1.2220 level during European dealing. The pair moved to intraday lows during North American dealing after the University of Michigan’s preliminary September consumer sentiment survey came in at 105  More...    More...



    Daily Forex Market Commentary Friday, September 17, 2004 by GFT
    GFT Friday September 17, 2004 - 15:56:25 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9172004)

    The dollar experience more than a minor pullback on Thursday because the Philly Fed surprised with a very weak report  More...    More...



    Forex: It's A Forrest Gump Market
    Foreign Exchange Analytics Friday September 17, 2004 - 14:56:03 GMT

    It's A Forrest Gump Market

    When market participants can buy dollars on a strong New York Fed Empire Index number for September and see a 1% move and the next day sell dollars on a weak Philadelphia Fed business diffusion index also for the month of September for 0  More...    More...



    FX Thoughts - Evening - 17/09/04.......1146 GMT
    FX Thoughts for the Day Friday September 17, 2004 - 12:08:45 GMT

    Euro @ 1.2216/9....Ranged with upward bias
    ------------------------------------------
    R: 1.2206-26 / 1.2272 / 1.2405-06
    S: 1.2187-54 / 1.2117 / 1.2070-66
    Still ranged between 1.2140 and 1.2250. Within this range if the immediate resistance level of 1  More...    More...



    Speculation over Fed pause
    INVESTICA Ltd Friday September 17, 2004 - 10:21:01 GMT

    The US data did not offer dollar support yesterday, especially with disappointment over the headline Philadelphia index and there will be renewed speculation that the Fed will put rates on hold after an increase next week. The data was not, however, weak enough to justify heavy dollar selling at this stage  More...    More...


    US OPEN MARKET POINTS 09-17-04
    DailyFX.com Friday September 17, 2004 - 09:41:46 GMT

    No Direction

    As our technical brethren have repeatedly written, every chart of the majors is compressing to a point of practical standstill. In the past two weeks the EUR/USD range narrowed to less than 200 points bouncing between 2250-2050  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 17th September 2004
    FX-Strategy Friday September 17, 2004 - 00:48:42 GMT

    Price: 1.2685

    Resistance: 1.2710 ... 1.2744 ... 1.2770 ... 1.2790
    Support....: 1.2660 ... 1.2630 ... 1.2605 ... 1.2570

    Bias: While remaining above 1.2615-30 we remain bullish to 1.2770-90 at least possibly 1.2845-55 once again

    Bullish: We were slightly surprised with the spike to 1  More...    More...



    Pound Soars One Percent As Consumers Continue To Spend
    DailyFX.com Thursday September 16, 2004 - 20:05:49 GMT

    DailyFX Fundamentals 09-16-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Mixed US Data Provides No Case For Excitement
    · Swiss National Bank Raises Rates By Quarter Point
    · Pound Soars One Percent As Consumers Continue To Spend


    EURUSD

    Today could have been an exciting day for the euro, but the mixed batch of US data and generally in line US numbers has led to another rather uninteresting trading session  More...    More...



    POOR DATA STUNS GREENBACK
    Forex.com Thursday September 16, 2004 - 18:25:25 GMT

    The SNB today raised its target rate for Swiss 3mth Libor to 0.75% from 0.50% previously, and moved its target band to 0.25%-1.25% from 0.00%-1.00% previously. This 25bp rate hike was fully discounted, and indeed further 25bp hikes at the next two meetings in December and March are already priced in  More...    More...


    GFT Forex Market Commentary Thursday, September 16, 2004
    GFT Thursday September 16, 2004 - 17:41:04 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=9162004)

    The dollar rallied sharply on Wednesday as the stronger-than-forecast New York state manufacturing survey suggested that further strong economic reports are in store for the balance of the year  More...    More...



    Forex Market Commentary and Analysis (16 September 2004)
    GCI Financial Thursday September 16, 2004 - 15:36:19 GMT



    The euro could not sustain its gains vis-à-vis the U.S. dollar today as the single currency spiked lower during North American dealing to test bids around the US$1.2120 level. The pair reached an intraday high around the $1.2165 level after the release of U  More...    More...



    FX Thoughts - Evening - 16/09/04.......1208 GMT
    FX Thoughts for the Day Thursday September 16, 2004 - 12:32:55 GMT

    Euro @ 1.2160/3.....Holding Short
    --------------------------------------
    R: 1.2155-66 / 1.2173-98 / 1.2221-37
    S: 1.2134-30 / 1.2066-62
    Virtually no movement so far today. Looks like the market is waiting for the CPI and US Capital Inflows data tonight  More...    More...



    US OPEN MARKET POINTS 09-16-04
    DailyFX.com Thursday September 16, 2004 - 10:13:22 GMT

    The Kindness of Strangers

    Will foreigners continue to invest money into US? That seems to be the central question of the day as all focus turns to the US Treasury International Capital Flow report. In recent months, as US Current Account deficits mushroomed to record levels  More...    More...



    Data forces Sterling re-think
    INVESTICA Ltd Thursday September 16, 2004 - 10:12:16 GMT

    Speculation over an economic slowdown and a peak in interest rates will have to face some reassessment after the strong retail data today. There will be a reduction in aggressive short Sterling positions, although longer-term doubts will persist. Overall, Sterling is liable to be blocked around 0  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 16th September 2004
    FX-Strategy Thursday September 16, 2004 - 01:57:50 GMT

    Price: 1.2705

    Resistance: 1.2715 ... 1.2740 ... 1.2770 ... 1.2790
    Support....: 1.2670 ... 1.2640 ... 1.2615 ... 1.2585

    Bias: While remaining above 1.2615-40 we remain bullish to 1.2770-90 at least possibly 1.2845-55 once again

    Bullish: Dollar strength was seen as expected and tested the higher resistance at 1  More...    More...



    Dollar Rallies As Factory Activity In The NY Region Recovers
    DailyFX.com Wednesday September 15, 2004 - 21:00:13 GMT

    DailyFX Forex Fundamentals 09-15-04

    ·Dollar Rallies As Factory Activity In The NY Region Recovers
    ·Swiss National Bank Expected To Raise Rates By Quarter Point
    ·Pound Falls One Percent As Bank of England Nickell Confirms That Tightening Cycle May Be Beginning

    EURUSD

    The dollar rallied against the euro on mixed US economic data with range trading continuing to be the persistent theme  More...    More...



    Dollar Bulls come out Punching
    Forex.com Wednesday September 15, 2004 - 18:58:04 GMT

    The greenback staged a “Rocky” like comeback this morning even on the not too impressive figures. Industrial Production was much worse than expected coming in at +.1 on an expected +.5, yet the revision was +.6 from last month, with that the dollar did not even flinch as it held its ground and held its overnight gains to make an intraday high of 1  More...    More...


    Daily Forex Market Commentary Wednesday, September 15, 2004 by GFT
    GFT Wednesday September 15, 2004 - 12:48:47 GMT


    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9152004)

    The dollar recovered early losses versus the major European currencies on Tuesday that were caused by a record US account deficit in the second quarter and this highlight the lack of direction in the FX markets  More...    More...



    FX Thoughts - Evening - 15/09/04.......1221 GMT
    FX Thoughts for the Day Wednesday September 15, 2004 - 12:44:03 GMT

    Euro @ 1.2238/41...Thick Supports below
    ---------------------------------------
    R: 1.2251-56 / 1.2314
    S: 1.2229-18 / 1.2198-69
    The Euro is trading in a 1.2000-1.2300 range with 1.2150 as the mid-point. Being unable/ unwilling to move above 1  More...    More...



    US OPEN MARKET POINTS 09-15-04
    DailyFX.com Wednesday September 15, 2004 - 10:28:04 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    At a Standstill

    The price action continues to confirm our “which one is worse” thesis as traders refuse to chase momentum either way for fear of being whipped out of their positions  More...    More...



    Dollar protected by doubts elsewhere
    INVESTICA Ltd Wednesday September 15, 2004 - 09:59:25 GMT

    The widening US current account deficit and slightly disappointing data will unsettle the dollar. There will, however, be little enthusiasm for other currencies with the Euro also hurt by weak German data yesterday. There is likely to be further institutional defence of narrow ranges initially which will make a near-term break of ranges difficult  More...    More...


    Forex: Daily Forecast for Euro vs U.S. Dollar 15th September 2004
    FX-Strategy Wednesday September 15, 2004 - 00:35:07 GMT

    Price: 1.2255

    Resistance: 1.2270 ... 1.2294 ... 1.2308 ... 1.2340
    Support....: 1.2240 ... 1.2220 ... 1.2200 ... 1.2160

    Bias: Cautiously bearish to 1.2160-75

    Bullish: No break lower yesterday but also no rally above 1  More...    More...



    DailyFX Forex Fundamentals 09-14-04
    DailyFX.com Tuesday September 14, 2004 - 21:38:43 GMT

    DailyFX Forex Fundamentals 09-14-04

    ·Dollar Slides On Wider Current Account Balance and Weaker Retail Sales
    ·Euro Gains Capped As German ZEW Survey Slips To 15 Month Lows
    ·Consumer Prices Slow In The UK

    EURUSD

    Just looking at the daily chart of the euro, one could readily assume that nothing important happened today as the pair ended generally unchanged against the dollar with a trading range of approximately 70 pips - but do not be so easily fooled  More...    More...



    DOLLAR SINKS ON MORE BAD DATA
    Forex.com Tuesday September 14, 2004 - 20:08:34 GMT

    The Retail Sales data for August came in much as expected after all the revisions are taken into consideration. The headline series came in -0.3% while the street was calling of a 0.2% decline. The excluding auto measure rose by the expected 0.2% for the month  More...    More...


    Daily Forex Market Commentary by Global Forex Trading
    GFT Tuesday September 14, 2004 - 14:19:34 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9142004)

    The dollar saw the expected sideways trading on Monday versus the major European currencies but made a powerful rally against the yen  More...    More...



    Forex Market Commentary and Analysis (14 September 2004)
    GCI Financial Tuesday September 14, 2004 - 13:52:54 GMT



    The euro spiked higher vis-à-vis the U.S. dollar during North American dealing today as the single currency tested offers around the US$ 1.2290 level after testing bids around the $1.2225 level during early North American dealing. The move higher was precipitated by a widening of the Q2 U  More...    More...



    FX Thoughts - Evening - 14/09/04.......1215 GMT
    FX Thoughts for the Day Tuesday September 14, 2004 - 12:25:20 GMT

    Euro @ 1.2238/41....Can fall to 1.2200-1.2175
    --------------------------------------------
    R: 1.2246-61 / 1.2321 / 1.2457
    S: 1.2229 / 1.2199-90 / 1.2186-71
    The Euro has turned down, as expected, and may test 1.2200 and the strong/ crucial Support region of 1  More...    More...



    Dec Bund secures 114.60 support -- probes 115.26 top next; Dec Bobl builds on 110.80 base -- rallies to 111.40 resistance
    Saxo Bank Tuesday September 14, 2004 - 11:04:02 GMT

    Sales at U.S. retailers may have fallen in August as receipts at car dealers slumped, economists said ahead of a report today. A 0.1 pct decline was likely last month after July's 0.7 pct advance.




    DEVELOPMENTS TO WATCH TODAY: Sept  More...    More...



    FTSE 100 still poised to test 4605 top; DAX extends gains to 3970 - 3980 -- overbought risk still very high, may entail FTSE pullback to 4450 area
    Saxo Bank Tuesday September 14, 2004 - 11:01:50 GMT

    German investor confidence probably declined to the lowest in a year as higher oil prices and rising unemployment weigh on a recovery in Germany. ZEW index may have fallen to 45 from August's 45.3.






    DEVELOPMENTS TO WATCH TODAY: Sept 14 Europe



    - German investor confidence probably declined to the lowest in more than a year in September as higher oil prices and rising unemployment weigh on a recovery in Europe's largest economy, a survey of economists showed  More...    More...



    NZD/USD may extend gains to .6630 - .6640, but risks sliding back to .6540/30 thereafter; AUD/USD follows suit with further uptick to .7020 - .7030, then declines to .6940/30
    Saxo Bank Tuesday September 14, 2004 - 10:56:29 GMT

    New Zealand retail sales rose for a third month July, buoyed by higher household incomes and consumer spending that may prompt the central bank to raise interest rates to a four-year high next month.




    DEVELOPMENTS TO WATCH TODAY: Sept 14 - Europe



    - German investor confidence probably declined to the lowest in more than a year in September as higher oil prices and rising unemployment weigh on a recovery in Europe's largest economy, a survey of economists showed  More...    More...



    Forex: US OPEN MARKET POINTS 09-14-04
    DailyFX.com Tuesday September 14, 2004 - 10:20:47 GMT

    Escaping from no Man’s Land

    Perhaps we’ve seen too many WWI movies and are unduly affected by scenes of some poor slob caught between two trenches, desperately trying to make it to safety as bullets from both his countrymen and his enemies wiz through the air rendering him motionless  More...    More...



    Forex: Heavy yen selling unlikely
    INVESTICA Ltd Tuesday September 14, 2004 - 10:03:14 GMT

    The yen will be undermined to some extent by the Sony bid for MGM. There will also be further doubts over Japanese growth following recent data disappointments. The US dollar will still find it very difficult to take advantage of yen vulnerability and there is likely to be tough dollar resistance close to the 110  More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar September 14th 2004
    FX-Strategy Tuesday September 14, 2004 - 00:07:07 GMT

    Price: 1.2260

    Resistance: 1.2285 ... 1.2308 ... 1.2345 ... 1.2380
    Support....: 1.2245 ... 1.2220 ... 1.2200 ... 1.2180

    Bias: Bearish to 1.2180-00 at least

    Bullish: We continue to consider the rally to 1  More...    More...



    Pound Fails To Rally Despite Data Pointing To Higher Inflation In the UK
    DailyFX.com Monday September 13, 2004 - 21:43:49 GMT

    Daily Forex Fundamentals 09-13-04

    ·US Treasury Budget Improves, Expected To Move Into Small Surplus In September
    ·Stronger German Wholesale Prices and French Industrial Production
    ·Pound Fails To Rally Despite Data Pointing To Higher Inflation In the UK


    EURUSD

    This is a big week economic data wise for the G7  More...    More...



    JPY Heads South
    Forex.com Monday September 13, 2004 - 19:16:14 GMT

    We saw yen weakness today as a result of a Japanese economic report that was released on Friday, which cut its economic growth estimate for the second quarter. Traders where expecting an increase in estimates earlier last week and where selling USD/JPY in anticipation of this  More...    More...


    FX Thoughts - Evening - 13/09/04.......1209 GMT
    FX Thoughts for the Day Monday September 13, 2004 - 12:21:29 GMT

    Euro @ 1.2234/7....Resistance at 1.2325 may hold
    -----------------------------------------------
    R: 1.2267 / 1.2312-29 / 1.2350 / 1.2393
    S: 1.2251 / 1.2219-03 / 1.2194-78
    Strong Resistance at 1.2325 today. Break-through needed for an upmove towards 1  More...    More...



    Forex: US OPEN MARKET POINTS 09-13-04
    DailyFX.com Monday September 13, 2004 - 10:38:54 GMT

    US OPEN MARKET POINTS 09-13-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Backpedaling at the Fed

    Quiet night as the market digests the impact of Friday’s sharply lower PPI numbers. Over the week-end both Fed Governor Bies and Chicago Fed President Moskow made muted comments regarding future rate hikes  More...    More...



    Forex: Barriers to strong Euro gains
    INVESTICA Ltd Monday September 13, 2004 - 09:50:30 GMT

    The dollar's underlying vulnerability will continue due to the current account deficit. There will be further speculation over a pause in rate increases after September. This will leave the dollar vulnerable to some further selling pressure. The Euro will still be hampered by the number of existing long speculative positions, and concerns over Euro-zone growth  More...    More...


    EURO and GBP are expected consolidate at higher levels and reverse ......
    I-Knowindices Monday September 13, 2004 - 03:08:18 GMT

    other majors will show higher level consolidation and slide ....

    keep in mind that when all turn long in other majors the market slide

    USD GAINING DAYS ARE AHEAD

    sell during stop hunt quick rise near the high set for the day in other majors and aim to book profit during quick drop as swing trade   More...    More...



    Forex: Daily Forecast for U.S. Dollar vs Japanese Yen September 13th 2004
    FX-Strategy Sunday September 12, 2004 - 14:14:38 GMT

    Price: 109.55

    Resistance: 109.75 ... 109.90 ... 110.30 ... 110.70
    Support....: 109.40 ... 109.20 ... 108.80 ... 108.65

    Bias: Initially rising to test the 109.70-90 resistance before lower

    Bullish: The Dollar failed marginally to reach the favored 110  More...    More...



    Forex: Trade fears will continue
    INVESTICA Ltd Saturday September 11, 2004 - 11:02:56 GMT

    The dollar's reaction to Greenspan's testimony indicates the difficulties in pushing the currency through the 1.20 level and there is likely to be further medium-term resistance around this level. There are likely to be further uncertainties over US growth trends, especially with some signs of vulnerability in consumer spending  More...    More...


    Dollar Tanks As Producer Price Inflation Falls
    DailyFX.com Friday September 10, 2004 - 20:46:37 GMT

    DailyFX Forex Fundamentals 09-10-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Tanks As Producer Price Inflation Falls
    · Swiss GDP Growth Slows In Second Quarter
    · Japanese GDP Growth Revised Downward

    EURUSD

    Another great day for the euro spurred by shockingly disappointing US economic data  More...    More...



    Forex Market Analysis and Commentary (10 September 2004)
    GCI Financial Friday September 10, 2004 - 15:55:50 GMT



    The euro spiked higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2305 level during North American dealing after the release of U.S. economic data. It was reported that the July goods and services deficit was US$50  More...    More...



    Daily Forex Market Commentary Friday, September 10, 2004
    GFT Friday September 10, 2004 - 13:30:22 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=9102004)

    Following a slightly positive performance during most of Thursday, the dollar weakened in late trading after Janet Yellen, president of the Federal Reserve Bank of San Francisco, said that reducing the US trade deficit must involve the dollar  More...    More...



    FX Thoughts - Evening - 10/09/04.......1123 GMT
    FX Thoughts for the Day Friday September 10, 2004 - 11:52:34 GMT

    Euro @ 1.2213/6....Holding Long
    -------------------------------
    R: 1.2237 / 1.2257 / 1.2286-93
    S: 1.2210 / 1.2197-87 / 1.2160-50
    That the Euro dipped to 1.2200 intra-day before tonight's PPI and Trade data, gives us hope that the market will move up when the data is released  More...    More...



    US OPEN MARKET POINTS 09-10-04
    DailyFX.com Friday September 10, 2004 - 10:41:29 GMT

    US OPEN MARKET POINTS 09-10-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Hiding in the Crosses

    Much to the consternation of the yen bulls who were hoping for an uptick after Monday’s positive CAPEX data. Japanese Q2 final GDP was revised downward today to 0  More...    More...



    Sterling looks for short-term correction
    INVESTICA Ltd Friday September 10, 2004 - 08:59:07 GMT

    Without contradictory evidence there will be further speculation that UK interest rates have peaked and this will continue to unsettle Sterling. The US doubts will, however, limit the potential for Sterling losses against the dollar and there is also scope for selling pressure to ease with a temporary correction  More...    More...


    Pound Slides As Becomes Net Oil Importer For The First Time In 13 Years
    DailyFX.com Thursday September 9, 2004 - 21:01:26 GMT

    DailyFX Fundamentals 09-09-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·US Jobless Claims Improve After Hurricane Charley Related Surge
    ·UK Becomes Net Oil Importer For The First Time In 13 Years
    ·BoJ Governor Fukui Says “Long Distance (To Go) Before…End To Quantitative Easing”

    EURUSD

    The euro moved higher today as the ECB’s monthly report reaffirmed Trichet’s rosy medium term outlook and the need for “strong vigilance” to ensure that inflation remains stable over the near term  More...    More...



    Forex Market Commentary and Analysis (9 September 2004)
    GCI Financial Thursday September 9, 2004 - 16:22:09 GMT



    The euro was confined to a relatively narrow range vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2205 level and was supported around the $1.2155 level. Traders are still speaking about Fed Chairman Greenspan’s testimony yesterday that most market participants have concluded paves the way for a 25bps monetary tightening at the 21 September FOMC meeting  More...    More...



    GFT Daily Forex Market Commentary Thursday, September 09, 2004
    GFT Thursday September 9, 2004 - 15:50:07 GMT


    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=992004)

    The dollar slumped sharply on Wednesday, reversing early gains, after Fed Chairman Greenspan warned that the economic recovery faces only some traction and after he criticized the size of the budge deficit  More...    More...



    FX Thoughts - Evening - 09/09/04.......1229 GMT
    FX Thoughts for the Day Thursday September 9, 2004 - 12:49:44 GMT

    Euro @ 1.2182/5....Holding Long
    -------------------------------
    R: 1.2186-94 / 1.2216 / 1.2271
    S: 1.2165-41 / 1.2131-07 / 1.2090
    20-day MA at 1.2186, which is also almost the middle of the 1.1950-1.2450 trading range the market has been in since May  More...    More...



    Forex: US OPEN MARKET POINTS 09-09-04
    DailyFX.com Thursday September 9, 2004 - 09:57:04 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Backtracking

    Tough night in Asia Pacific as the terrorist bombing near the Australian embassy in Jakarta is weighing on the already heavy AUD. The Australian employment statistics missed by a mile with employment change coming in at –6  More...    More...



    Greenspan doubts hurt dollar
    INVESTICA Ltd Thursday September 9, 2004 - 09:56:21 GMT

    The more cautious than expected stance from Greenspan will unsettle the US currency in the short term with speculation of a pause in rate hikes after a probable September increase. The market reaction also illustrates tough dollar resistance close to the 1  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 9th September 2004
    FX-Strategy Thursday September 9, 2004 - 00:04:37 GMT

    Price: 1.7870

    Resistance: 1.7905 ... 1.7920 ... 1.7950 ... 1.7970
    Support....: 1.7860 ... 1.7825 ... 1.7805 ... 1.7780

    Bias: Initially looking for a dip to 1.7800 -30 before higher again

    Bullish: The Pound rallied strongly and suggests we have seen the low for now  More...    More...



    UK Expected To Keep Interest Rates On Hold Tomorrow at 4.75%
    DailyFX.com Wednesday September 8, 2004 - 20:59:38 GMT

    Daily Forex Fundamentals 09-08-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Tanks As Greenspan Warns About Federal Deficit and Softening Inflation
    ·UK Expected To Keep Interest Rates On Hold Tomorrow at 4  More...    More...



    Forex: Broad Equilibrium Makes For Tough Trading
    Foreign Exchange Analytics Wednesday September 8, 2004 - 20:28:53 GMT

    Broad Equilibrium Makes For Tough Trading

    It is no mystery that fund managers do well trading markets that trend toward large over and under shoots, and normally when there are macro conditions far out of alignment. Simply put, the world economy from G10 to "liquid" emerging markets is doing just fine  More...    More...



    Forex: Chock Full O Nuts
    Forex.com Wednesday September 8, 2004 - 18:55:12 GMT

    The market was caught extremely short today and paid the price as the dollar was punched in the kisser as soon as Fed. Chairman Greenspan made his comments at 10:30am NY time. The dollar was pushed higher this morning to highs of 1.2792. The euro was looking very unhealthy and ready to take out the base of 1  More...    More...


    Forex Market Commentary and Analysis (8 September 2004)
    GCI Financial Wednesday September 8, 2004 - 16:35:25 GMT



    The euro was volatile vis-à-vis the U.S. dollar today as the single currency spiked to its highest level of the week during the question and answer session of Federal Reserve Chairman Greenspan’s congressional testimony. In prepared remarks, Greenspan said the U  More...    More...



    Global Markets Anticipator: Driving Market Forces and USDJPY&EURUSD
    Poser Global Market Strategies Wednesday September 8, 2004 - 12:39:59 GMT

    The following research was sent to clients last night:

    DRIVING MARKET FORCES

    • Stocks continue to push higher on excellent market breadth. If equities turn lower, it will come without the normal advanced warning of a divergence from the world of the A/D line  More...    More...



    FX Thoughts - Evening - 08/09/04.......1155 GMT
    FX Thoughts for the Day Wednesday September 8, 2004 - 12:16:52 GMT

    Euro @ 1.2036/8....Drop to 1.2000
    -----------------------------------
    R: 1.2078-87 / 1.2098-1.2119
    S: 1.2041 / 1.2002 / 1.1980
    With the Euro falling below 1.2050, a further dip towards 1.2025-00 is possible today, one of the three possibilities outlined in the morning  More...    More...



    Forex: US OPEN MARKET POINTS 09-08-04
    DailyFX.com Wednesday September 8, 2004 - 10:22:09 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Loving the Loonie

    A quiet night in the Asian and European sessions as dealers square up ahead of Alan Greenspan’s testimony in front of the House Budget Committee later on today  More...    More...



    Forex: US spending doubts will continue
    INVESTICA Ltd Wednesday September 8, 2004 - 09:34:10 GMT

    Greenspan's comments are likely to be generally positive on the US economy and September US rate hike expectations should remain intact. The US currency will still face tough resistance on any moves towards 1.20, especially with some doubts over spending trends  More...    More...


    Canadian Dollar Braces For Rate Hike
    DailyFX.com Tuesday September 7, 2004 - 20:33:50 GMT

    DailyFX Forex Fundamentals 09-07-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Greenspan Expected to Solidify Case For Rate Hike Tomorrow
    ·Cad Rallies As Bank of Canada Expected To Raise Rates By Quarter Point
    ·Pound Slides On Decreasing Industrial Production
    ·Yen Soars As Japanese Private Capital Spending Increases By Fastest Pace Since 2000

    USDCAD

    The US dollar fell close to 1% against the Canadian dollar on a much stronger than expected IVEY PMI survey indicating strong business and spending growth  More...    More...



    DOLLAR SLIPS IN MUTED TRADING
    Forex.com Tuesday September 7, 2004 - 18:21:27 GMT

    We have seen some significant strength in the yen on the back of a 5 week high in the Nikkei 225 Stock average. Traders are anticipating a doubling of Japan’s economic-growth estimates for the second quarter in a report that is due out on Friday. USD/JPY was as high as 110  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday September 7, 2004 - 17:46:53 GMT


    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=972004)

    The dollar was very quiet on Monday as both the US and Canadian markets were closed. This helped it preserve most of its sharp gains made on Friday  More...    More...



    Forex Market Commentary and Analysis (7 September 2004)
    GCI Financial Tuesday September 7, 2004 - 15:02:38 GMT



    The euro retraced many of its intraday gains vis-à-vis the U.S. dollar today as a move to the US$ 1.2110 level could failed to hold and the pair moved back to the $1.2060 level during North American dealing. Liquidity returned to near-normal today following yesterday’s Labour Day holiday in the U  More...    More...



    FX Thoughts - Evening - 07/09/04.......1214 GMT
    FX Thoughts for the Day Tuesday September 7, 2004 - 12:40:09 GMT

    Euro @ 1.2080/3...Sell into rally
    ----------------------------------
    R: 1.2103-20 / 1.2140 / 1.2193
    S: 1.2050-40 / 1.2025 / 1.2000-1.1980
    That 1.2040 has held as Support since yesterday suggets that the range trade theory has strength  More...    More...



    Forex: US OPEN MARKET POINTS 09-07-04
    DailyFX.com Tuesday September 7, 2004 - 10:18:05 GMT

    No Bad News is Good News

    On the first day back from Labor Day holiday for the US markets, the dollar is weaker against both yen and the euro. There is nothing remarkable about overnight data but after several weeks of consistent misses from both Japan and the Euro-zone traders are simply relieved by the in-line numbers which indicate that global economic expansion is still on track  More...    More...



    Growth hopes support yen
    INVESTICA Ltd Tuesday September 7, 2004 - 09:40:12 GMT

    There is greater optimism over the economy and confidence that Japanese GDP figures will be revised up sharply on Friday. There will also be optimism over Nikkei gains and this should attract capital inflows. Heavy dollar selling is unlikely for now with support on dips to the 109  More...    More...


    EURO/USD – Trend probably soon Accelerates
    TRL Monday September 6, 2004 - 23:09:27 GMT

    September 6th – Last week saw the Euro first recover well and then sell-off sharply, as forecast. Resistance is probably now found about the mid 1.2100’s, for the Euro’s next sustained sell-off below Key 1.1985 support to retest (and break) this year’s 1.1765 April low  More...    More...


    Forex Market Commentary and Analysis (6 September 2004)
    GCI Financial Monday September 6, 2004 - 14:32:51 GMT



    The euro was confined to a very narrow range vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2050 level but was unable to get above the $1.2080 level, reached during North American dealing. The U.S. Labour Day holiday saw a dearth of liquidity in the market with many players preferring to reestablish positions later in the week  More...    More...



    FX Thoughts - Evening - 06/09/04.......1225 GMT
    FX Thoughts for the Day Monday September 6, 2004 - 12:33:02 GMT

    US Labor Day holiday today, so the market will probably become stagnant soon. As such we shall not take any fresh positions tonight.

    Cable @ 1.7794/9....Holding Short
    ------------------------------------
    Multi-layered Resistances from 1  More...    More...



    Greenspan back in focus
    INVESTICA Ltd Monday September 6, 2004 - 09:57:58 GMT

    The employment data has offered some reassurance over the US economy and there will also be expectations of a further US interest rate increase in September. The data was not, however, strong enough to remove uncertainties over US trends and the dollar will still find it difficult to gain strong buying interest, especially with doubts that the economy will be able to accelerate  More...    More...


    EURO and GBP are expected consolidate at lower levels and reverse ......
    I-Knowindices Monday September 6, 2004 - 01:37:13 GMT

    other majors will dip and consolidate at lower levels and firm up - the next trap move of the operators..... buy during stop hunt quick dip near the low set for the day in other majors and aim to book profit during quick rise as swing trade till Mid September  More...    More...


    Forex: General Outlook for the Four Majors 6th September 2004
    FX-Strategy Saturday September 4, 2004 - 13:32:45 GMT

    With Monday being U.S. Labor Day this commentary will cover trading on both Monday and Tuesday.

    Given the longer term bullish view we have for the Dollar into the end of the year, the earlier than expected reversal higher for the Dollar on Friday does bring with it the risk of an immediate resumption of the weekly uptrend  More...    More...



    Forex: Limited employment recovery
    INVESTICA Ltd Saturday September 4, 2004 - 10:13:20 GMT

    The US economic data has been slightly weaker than expected, but the overall evidence has been inconclusive. There will, therefore, be further short-term uncertainties over growth and concerns that the economy could falter during the fourth quarter will continue  More...    More...


    Dollar Rallies As Unemployment Rate Falls To Lowest Level Since October
    DailyFX.com Friday September 3, 2004 - 20:41:37 GMT

    DailyFX Forex Fundamentals 09-03-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Rallies As Unemployment Rate Falls To Lowest Level Since October
    ·Softer Eurozone Service Sector data
    ·Central Bank Meetings and GDP Reports Flood Calendar For Next Week

    EURUSD

    The euro took a nosedive after US non-farm payrolls rebounded in the month of August  More...    More...



    Euro Plunges into the Abyss
    Forex.com Friday September 3, 2004 - 18:29:17 GMT

    Euro Plunges on Release of Jobs Data. The greenback got a healthy boost today on the US NFP as we came within expectations and last month was revised upward to +73K from +32K. The NFP was expected to roll in between 100K and 150K and we saw 144K as a good number, this along with the revision to last month was seen as positive for the dollar as we rose from 1  More...    More...


    Daily Forex Market Commentary Friday, September 03, 2004
    GFT Friday September 3, 2004 - 15:21:20 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=932004)

    The dollar edged slightly higher on Thursday amid mixed US economic indicators. The market should trade quietly ahead of the release of the vital US unemployment report and of the long Labor Day weekend  More...    More...



    Forex Market News and Commentary (3 September 2004)
    GCI Financial Friday September 3, 2004 - 14:27:23 GMT



    The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2080 level after encountering resistance around the $1.2195 level following the release of the U.S. non-farm payrolls data. August non-farm payrolls climbed +144,000 with the unemployment rate at 5  More...    More...



    FX Thoughts - Evening - 03/09/04.......1215 GMT
    FX Thoughts for the Day Friday September 3, 2004 - 12:40:43 GMT

    Euro @ 1.2172/75....Testing support at 1.2170
    --------------------------------------------------------

    R: 1.2177-88 / 1.2198-2215 / 1.2226-50
    S: 1.2165 / 1.2118 / 1.2076
    Very minor movements since morning.
    Price breached a resistance at 1  More...    More...



    How will the dollar react
    INVESTICA Ltd Friday September 3, 2004 - 10:02:27 GMT

    Short-term market sentiment will be dominated by the US employment report. A figure close to expectations would stifle trading and prevent a significant dollar move. The net risks are probably tilted towards a firm report and growth above 200,000 could push the dollar to at least 1  More...    More...


    US OPEN MARKET POINTS 09-03-04
    DailyFX.com Friday September 3, 2004 - 09:44:14 GMT

    US OPEN MARKET POINTS 09-03-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Stormy Weather

    The markets are typically comatose ahead if the NFP’ s with euro and Swissie trading in 20 pip ranges as most dealers square up ahead of the data  More...    More...



    Jobs, Jobs, Jobs
    Foreign Exchange Analytics Friday September 3, 2004 - 01:25:43 GMT

    Jobs, Jobs, Jobs

    It seems like an eternity since the US employment data, namely payrolls, was at all predictable. Well it was not that long ago...until January there were about 3 years of consecutive monthly declines in non-farm payrolls. And payrolls have grown on average about 175,000 a month since January  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 3rd September 2004
    FX-Strategy Thursday September 2, 2004 - 23:43:58 GMT

    Price: 1.2615

    Resistance: 1.2630 ... 1.2665 ... 1.2695 ... 1.2735
    Support....: 1.2615 ... 1.2585 ... 1.2554 ... 1.2530

    Bias: While 1.2665 holds we are bearish to 1.2490-00

    Bullish: Gains have followed through to 1  More...    More...



    Dollar Rallies As Monster.com Employment Index Reaches Record High
    DailyFX.com Thursday September 2, 2004 - 21:13:29 GMT

    DailyFX Forex Fundamentals 09-02-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·ECB Trichet Notes Of Downside Risks To Growth From Higher Oil Prices
    ·Dollar Rallies As Monster.com Employment Index Reaches Record High
    ·BoJ Governor Fukui Reiterates That Central Bank Is “Behind The Curve”

    EURUSD

    There was completely lifeless trading in the euro today as the market holds its breath ahead of tomorrow’s US non-farm payrolls report  More...    More...



    ALL EYES TO TOMORROW'S NON FARM PAYROLL
    Forex.com Thursday September 2, 2004 - 19:04:23 GMT

    Currency markets were put on hold today even with the release of Factory Orders that rose 1.3 % while shipments increasing .6 %. The Dollar kept a bid tone with Dollar/JPY trading down to 109.15/25 before grinding back to session highs of 109.50/60. The Euro on the other hand soften after not being able to crack above 1  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Thursday September 2, 2004 - 15:13:30 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=922004)

    The dollar was all over the place as the summer is drawing to an end. Terrorism in Russia helped the Swiss franc soar on Wednesday  More...    More...



    Forex Market Analysis and Commentary (2 September 2004)
    GCI Financial Thursday September 2, 2004 - 14:39:38 GMT



    The euro slumped vis-à-vis the U.S. dollar today as the single currency tested bids around the $1.2150 level after failing to get above the $1.2200 figure. All eyes are on tomorrow’s all-important August U.S. non-farm payrolls data. Many forecasts are calling for an increase between +125,000 and +175,000 new jobs but traders note that forecasts have underperformed recently  More...    More...



    FX Thoughts - Evening - 02/09/04.......1233 GMT
    FX Thoughts for the Day Thursday September 2, 2004 - 12:49:37 GMT

    Euro @ 1.2170/73....Watch for support break
    -------------------------------------------

    R: 1.2187-2200 / 1.2210-29 / 1.2271-77
    S: 1.2181-76 / 1.2128-08 / 1.2099
    The 1.2212-22 resistance levels have held price down so far today and a break above may seem critical  More...    More...



    US OPEN MARKET POINTS 09-02-04
    DailyFX.com Thursday September 2, 2004 - 10:31:59 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    What if Oil Doesn’t Go Down?

    Reuters reports today that BOJ Governor Fukui showed concern over the impact of oil prices on the economy, saying that a rise in oil prices could hurt corporate profits and consumer spending  More...    More...



    Payroll tensions build
    INVESTICA Ltd Thursday September 2, 2004 - 09:58:05 GMT

    The run of disappointing data will unsettle the US dollar, but the employment report tomorrow will continue to overshadow near-term activity. The net risks are marginally dollar negative with speculation over a weak figure tomorrow and some concern over a fresh rise in oil prices  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 1st September 2004
    FX-Strategy Wednesday September 1, 2004 - 23:52:09 GMT

    Price: 1.2600

    Resistance: 1.2605 ... 1.2635 ... 1.2660 ... 1.2690
    Support....: 1.2575 ... 1.2555 ... 1.2535 ... 1.2500

    Bias: Mixed - waiting for breaks

    Bullish: A further low was seen against expectations and the dip has confused the shorter wave count  More...    More...



    Pound remains under pressure on softer manufacturing data
    DailyFX.com Wednesday September 1, 2004 - 21:22:10 GMT

    DailyFX Forex Fundamentals 09-01-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Headline number of US ISM manufacturing survey disappoints
    · Pound remains under pressure on softer manufacturing data
    · Comments from SNB Roth raises case for September rate hike

    EURUSD

    Today we saw evidence of a slowdown in the global manufacturing sector  More...    More...



    GREENBACK HOLDS ITS GROUND
    Forex.com Wednesday September 1, 2004 - 17:48:45 GMT

    Greenback holds its ground just barely. The all important ISM data came out close to expectations and that was some what good news for the dollar as it squirted from 1.2598 to 1.2655 just after the news. The euro was trading just ahead of the 1.2200 option barrier and was said to have reached 1  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Wednesday September 1, 2004 - 17:03:03 GMT

    Daily Forex Market Commentary Tuesday, August 31, 2004
    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8312004)

    The dollar reversed early gains and closed lower versus the European currencies on Monday, but managed to hold on to its gains against the yen  More...    More...



    Forex Market Analysis and Commentary (1 September 2004)
    GCI Financial Wednesday September 1, 2004 - 16:05:58 GMT



    The euro came off marginally vis-à-vis the U.S. dollar today as the single currency backed away from some technical resistance seen around the US$ 1.2205/10 level. The pair reversed course around the $1.2200 figure and spiked to intraday lows during North American dealing  More...    More...



    FX Thoughts - Evening - 01/09/04.......1235 GMT
    FX Thoughts for the Day Wednesday September 1, 2004 - 12:43:15 GMT

    Euro @ 1.2168/71.... Wait and watch
    --------------------------------------------------

    R: 1.2184-98 / 1.2202-11 / 1.2225-56
    S: 1.2155 / 1.2117-00 / 1.2094-82
    The 1.2198 and 1.2205 resistance levels still holding the price down and a crucial for a further rise  More...    More...



    UK data hits Sterling
    INVESTICA Ltd Wednesday September 1, 2004 - 09:51:12 GMT

    The weak data today will reinforce market convictions that the housing sector is slowing. In this environment, markets will expect one more UK rate increase at most. Although this may still be proved wrong, Sterling sentiment will remain negative in the short term with the risk of a move to 0  More...    More...


    US OPEN MARKET POINTS 09-01-04
    DailyFX.com Wednesday September 1, 2004 - 09:40:17 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    SLOWDOWN!!!
    From Japanese Industrial Production to UK Retail Sales to US Personal Income the unifying theme of the past two weeks has been economic slowdown. In Asia Pacific, the downward trend was first started by the miss of the Japanese GDP three weeks ago and followed by weak employment, household spending and CPI data  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 1st September 2004
    FX-Strategy Wednesday September 1, 2004 - 00:20:53 GMT

    Price: 1.2180

    Resistance: 1.2195 ... 1.2230 ... 1.2270 ... 1.2300
    Support....: 1.2160 ... 1.2140 ... 1.2120 ... 1.2100

    Bias: Higher to 1.2225-35 from where a pullback is likely

    Bullish: We have seen price break higher as expected and has reached just above the 1  More...    More...



    Dollar Tumbles On Weaker Confidence and Chicago Manufacturing Activity
    DailyFX.com Tuesday August 31, 2004 - 21:30:54 GMT

    DailyFX Forex Fundamentals 08-31-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Tumbles On Weaker Confidence and Chicago Manufacturing Activity
    ·Only 2% Of UK Retailers Report Higher Sales According to CBI Survey
    ·Yen Pressured On Weaker Japanese Industrial Production and Sentiment Among Small Businesses

    EURUSD

    The euro finally managed to deliver an interesting trading day as fundamentals begin to shift  More...    More...



    GREENBACK PLUNGES ON U.S. DATA
    Forex.com Tuesday August 31, 2004 - 19:11:02 GMT

    The Dollar declined today on the back of terrible data out of the Commerce department. The U.S Chicago PMI slid to 57.3 in August from an expected 61.0 that the market was looking for. Also the release of U.S Consumer Confidence sank to 98.2 in August from an expected 106  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday August 31, 2004 - 16:02:51 GMT

    Daily Forex Market Commentary Tuesday, August 31, 2004
    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8312004)

    The dollar reversed early gains and closed lower versus the European currencies on Monday, but managed to hold on to its gains against the yen  More...    More...



    Forex Market Analysis and Commentary (31 August 2004)
    GCI Financial Tuesday August 31, 2004 - 14:44:14 GMT



    The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2125 level before moving back to the $1.2100 figure. The move to the intraday high was technically-driven as this level coincided with its 100-day moving average  More...    More...



    FX Thoughts - Evening - 31/08/04.......1223 GMT
    FX Thoughts for the Day Tuesday August 31, 2004 - 12:50:12 GMT

    Euro @ 1.2102/05.... Look for 1.2170
    ---------------------------------------------

    R: 1.2105 / 1.2139 / 1.2168
    S: 1.2060-41 / 1.1994 / 1.1893
    There may be a rise to 1.2170 and above today, as the price has just breached a crucial resistance at 1  More...    More...



    Forex: US OPEN MARKET POINTS 08-31-04
    DailyFX.com Tuesday August 31, 2004 - 11:06:05 GMT

    Published By: Boris Schlossberg, Fundamental Analyst

    Tale of Two Tapes
    An interesting decoupling tonight as the euro stays strong maintaining the Asian session gains while the pound weakens once more. The euro is supported by surprisingly upbeat data from the France and Italy but the pound is pressured by yet more evidence that UK housing boom is deflating  More...    More...



    Forex: Caution ahead of payroll data
    INVESTICA Ltd Tuesday August 31, 2004 - 09:51:23 GMT

    There will be considerable market caution ahead of the key US employment report on Friday. There will be some unease over the terrorism threat during the US Republican convention which will deter long dollar positions for now. With markets cautious, narrow ranges are likely to prevail with positions also cut quickly  More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar 31st August 2004
    FX-Strategy Tuesday August 31, 2004 - 00:41:09 GMT

    Price: 1.2045

    Bias: Bullish - holding above 1.2020 and moving to test 1.2135

    Resistance: 1.2075 ... 1.2100 ... 1.2135 ... 1.2180
    Support....: 1.2040 ... 1.2020 ... 1.1985 ... 1.1965

    Bullish: Price remained above 1  More...    More...



    Dollar Politics
    Foreign Exchange Analytics Monday August 30, 2004 - 22:16:43 GMT

    Dollar Politics

    With the US Republican Convention underway in New York City this week and the presidential race very close based on the polls, the question of US dollar policy deserves some focus from the markets. Just where do the two candidates stand on the currency?

    The bottom line there is little difference in substance, but some difference in emphasis  More...    More...



    Dollar: DailyFX Forex Fundamentals 08-30-04
    DailyFX.com Monday August 30, 2004 - 22:01:05 GMT

    DailyFX Forex Fundamentals 08-30-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Softens As Consumers Spend More While Making Less
    · Japanese Retail Sales Rebound After 4 Months of Declines
    · British Pound Lingers Below 1  More...    More...



    Forex: Daily Forex Commentary by Global Forex Trading
    GFT Monday August 30, 2004 - 15:00:33 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading (source: http://www.gftforex.com/resources/daily.asp?date=8302004)



    The dollar on Friday rallied sharply versus the European currencies and recovered losses against the yen  More...    More...



    Forex Market Commentary and Analysis (30 August 2004)
    GCI Financial Monday August 30, 2004 - 14:38:52 GMT



    The euro gained modest ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2060 level and was supported around the $1.1985 level. The pair is trading around a major technical support level as the $1  More...    More...



    FX Thoughts - Evening - 30/08/04.......1230 GMT
    FX Thoughts for the Day Monday August 30, 2004 - 12:40:51 GMT

    Euro @ 1.2044/47..... Watch resistance at 1.2134
    -------------------------------------------------
    R: 1.2052-65 / 1.2087 / 1.2141
    S: 1.2019 / 1.1939 / 1.1893
    Price made an intraday high of 1.2051 so far today. Upon further rise above 1  More...    More...



    TREND REVERSAL
    I-Knowindices Monday August 30, 2004 - 05:29:21 GMT

    EURO and GBP are expected to make lower level consolidation for 2 days before the reverse move to firm up...
    the next trend reversal phase is expected to commence from 02 Sep.......
    avoid bullish or bearish feel in any pair - they are tradable  More...    More...



    Forex: General Market Conditions 30th August 2004
    FX-Strategy Sunday August 29, 2004 - 01:50:48 GMT

    The Dollar had a stronger day than expected against the Euro & Swissie and this persistent strength, while consistent with our long term view into the end of the year, conflicts somewhat with our view for the next two weeks. Indeed, looking at the near term daily cycles the evidence does seem to suggest Dollar weakness for around 2 weeks with a cycle low in the Euro expected right now  More...    More...


    Forex: September crucial for dollar
    INVESTICA Ltd Saturday August 28, 2004 - 08:47:47 GMT

    US economic conditions are likely to become clearer over the next 2-3 weeks. This should also provide greater market direction, especially as liquidity will increase after the summer. Growth trends will be important and the US currency will attempt to rally further if the data is strong  More...    More...


    Defiant Dollar
    Forex.com Friday August 27, 2004 - 19:47:58 GMT

    The dollar got lambasted as a worse than expected US Non Farm Payroll number sent EUR/USD flying above key option protected levels (1.2235 and 1.2275) while USD/JPY knifed back down towards the 108 handle in a frantic manner (109.15 to 108.05). In just about every area, the dollar suffered sharp losses against its G-7 counterparts  More...    More...


    Forex Market Commentary and Analysis (27 August 2004)
    GCI Financial Friday August 27, 2004 - 15:37:13 GMT



    The euro lost ground vis-à-vis the U.S. dollar today as the single currency slumped to the US$ 1.2065 level after encountering resistance around the $1.2135 level. An apparent end to the Najaf crisis saw militant cleric al-Sadr turn over keys to the holy shrine in the Iraqi city that has been the focus of traders worldwide  More...    More...



    FX Thoughts - Evening - 27/08/04.......1245 GMT
    FX Thoughts for the Day Friday August 27, 2004 - 13:02:33 GMT

    Euro @ 1.2084/87....Still expecting a resistance break
    ---------------------------------------------------------


    R: 1.2099-2114 / 1.2170-93 / 1.2200-14
    S: 1.2093 / 1.2041-34 / 1.1893
    From the past two days this pair is seen loosing grip, from the Euro bears and has formed higher closes every day  More...    More...



    Yen survives disappointing data
    INVESTICA Ltd Friday August 27, 2004 - 10:00:52 GMT

    Equity gains will offer near-term support for the Japanese currency and the yen has avoided selling pressure on disappointing economic data which will dampen dollar sentiment. If the yen can strengthen through 109.0, there will be the risk of a decline to at least 108  More...    More...


    US OPEN MARKET POINTS 08-27-04
    DailyFX.com Friday August 27, 2004 - 09:48:28 GMT

    US OPEN MARKET POINTS 08-27-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Flowing from America
    Weak eco data from Japan tonight but no one seems to care as the pair probes the 109 handle before bouncing back to 109.50  More...    More...



    Forex: Daily forecast for the U.S. Dollar vs Japanese Yen August 27th 2004
    FX-Strategy Friday August 27, 2004 - 01:11:03 GMT

    Price 109.65

    Resistance: 109.80 ... 110.00 ... 110.15 ... 110.45
    Support....: 109.40 ... 109.15 ... 108.95 ... 108.55

    Bias: We remain bearish but look for 108.90-109.10 to stall the decline

    Bullish: A bullish stance is not favored overall but we do feel the decline from 110  More...    More...



    DATA DRIVE THE GREENBACK
    Forex.com Thursday August 26, 2004 - 18:04:37 GMT

    Before N.Y arrived the German August IFO Business Climate came in firmer than what the market was anticipating, falling to 95.3 from 95.6 in July. The Current Assessment index rose to 94.7 from 94.1, but the Expectations index fell to 96.0 from 97.1 amid record highs in oil prices  More...    More...


    Forex Market Commentary and Analysis (26 August 2004)
    GCI Financial Thursday August 26, 2004 - 15:37:09 GMT



    The euro lost some ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2045 level and was capped around the $1.2125 level. The pair came off marginally during early U.S. dealing after the release of weekly initial jobless claims data that saw a 10,000 increase to 343,000 persons  More...    More...



    FX Thoughts Evening - 26/08/04 - 1245 GMT
    FX Thoughts for the Day Thursday August 26, 2004 - 13:16:32 GMT

    Euro @ 1.2107/10...watch for resistance break out at 1.2121
    ------------------------------------------------------------
    R: 1.2085-88 / 1.2132-44 / 1.2161-89
    S: 1.2041 / 1.1986 / 1.1927
    Very minor movements since morning and the resistance at 1  More...    More...



    US OPEN MARKET POINTS 08-26-04
    DailyFX.com Thursday August 26, 2004 - 10:38:26 GMT

    US OPEN MARKET POINTS 08-26-04
    Published By: Boris Schlossberg, Fundamental Analyst

    IFO Resolves Nothing
    Tonight’s IFO data did little to bolster either euro or dollar bulls as the report printed essentially in line creating a grudging stand-off in the pair  More...    More...



    Greenspan likely to be optimistic
    INVESTICA Ltd Thursday August 26, 2004 - 09:52:14 GMT

    Dollar optimism should remain firm in the short term with the markets expecting an upbeat commentary from Fed Chairman Greenspan on Friday. A further reduction in oil prices will also ease fears over US growth trends. There will be longer-term Euro buying interest below the 1  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 26th August 2004
    FX-Strategy Thursday August 26, 2004 - 00:54:26 GMT

    Price 109.95

    Resistance: 110.20 ... 110.40 ... 110.60 ... 110.85
    Support....: 109.70 ... 109.35 ... 109.10 ... 108.90

    Bias: Bearish to below 108.90 with 108.50 and 108.10 as possible stalling points

    Bullish: With the favored rally seen to 110  More...    More...



    Mixed Signals
    Forex.com Wednesday August 25, 2004 - 19:49:59 GMT

    The dollar got lambasted as a worse than expected US Non Farm Payroll number sent EUR/USD flying above key option protected levels (1.2235 and 1.2275) while USD/JPY knifed back down towards the 108 handle in a frantic manner (109.15 to 108.05). In just about every area, the dollar suffered sharp losses against its G-7 counterparts  More...    More...


    Forex Market Commentary and Analysis (25 August 2004)
    GCI Financial Wednesday August 25, 2004 - 14:08:06 GMT



    The euro gave back some of its intraday gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$1.2115 level after finding decent bids around the $1.2055 level. Traders cited some dollar-selling following news that two Russian airliners crashed almost simultaneously outside of Moscow, leading to renewed fears of a major terror attack and damaging dollar sentiment  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Wednesday August 25, 2004 - 13:07:05 GMT

    Daily Forex Market Commentary Wednesday, August 25, 2004
    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8252004)

    The dollar keeps on marching higher and the positive momentum remains intact as short dollar positions continue to be unwound and new long positions established  More...    More...



    US OPEN MARKET POINTS 08-25-04
    DailyFX.com Wednesday August 25, 2004 - 10:13:34 GMT

    US OPEN MARKET POINTS 08-25-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Bargain Hunting

    Having retraced the full amplitude of its NFP move the euro found a temporary bottom in European trading tonight Many panicked Euro-dealers must have abandoned their St  More...    More...



    Dollar faces durable goods test
    INVESTICA Ltd Wednesday August 25, 2004 - 09:52:33 GMT

    The markets will want to test the 1.20 level which will tend to attract speculative dollar buying. The Euro is, however, now at levels which will attract longer-term buyers and this will make it much more difficult for the US currency to make further progress  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 25th August 2004
    FX-Strategy Wednesday August 25, 2004 - 01:56:05 GMT

    Price 1.7925

    Resistance: 1.7930 ... 1.7950 ... 1.7990 ... 1.8025
    Support....: 1.7880 ... 1.7865 ... 1.7830 ... 1.7795

    Bias: Recovering to 1.7985-1.8025 today

    Bullish: With the clean break of 1  More...    More...



    Mystifying Dollar Rally
    Forex.com Tuesday August 24, 2004 - 20:25:58 GMT

    The dollar traded higher on back of a lower EUR/JPY and lower GBP/USD. In frenetic action, EUR/JPY knifed through key support at 132.90 en route to a 132.05 low while GBP/USD tanked from 1.8105 to an astonishing 1.7885 low. Meanwhile, EUR/USD dropped from 1  More...    More...


    Forex Market Commentary and Analysis (24 August 2004)
    GCI Financial Tuesday August 24, 2004 - 16:00:56 GMT



    The euro was fairly volatile vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2170 level and later dropped to the $1.2095 level during North American dealing. Stops were hit below the $1.2130 level during Australasian dealing and dealers are citing talk of “strong Asian demand” around the $1  More...    More...



    Driving Market Forces: A Turn Lower in Oil is Bad for Bonds, Good for the Dollar
    Poser Global Market Strategies Tuesday August 24, 2004 - 15:21:37 GMT

    • Perverse as it may seem, a turn in the price of oil lower could very well be inflationary short-term. A fall there would lower costs to companies, and could allow consumers to start spending again. This would permit companies to raise prices, thus pushing up core CPI, even if total CPI eases  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday August 24, 2004 - 14:02:59 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8242004)

    The dollar added to its initial gains on Monday, as expected, and its strong closing prices suggest a further rally particularly against the European currencies  More...    More...



    FX Thoughts - Evening - 24/08/04.......1247 GMT
    FX Thoughts for the Day Tuesday August 24, 2004 - 13:03:37 GMT

    Euro @ 1.2101/04...Look for a support break
    --------------------------------------------
    R: 1.2172-91 / 1.2202-27 / 1.2232-50
    S: 1.2111-1.2092 /1.2041-57 / 1.1919
    Strong resistance at 1.2196, as the price rose till 1.2169 as intraday high and dipped  More...    More...



    US OPEN MARKET POINTS 08-24-04
    DailyFX.com Tuesday August 24, 2004 - 09:59:52 GMT

    US OPEN MARKET POINTS 08-24-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Fall in Oil - Rise in Rates?
    As crude-oil futures close at their lowest level in a week will the Fed find reason to increase the Funds rate 25bp at the September meeting? Some market players seem to think so  More...    More...



    Sterling faces 1.80 test
    INVESTICA Ltd Tuesday August 24, 2004 - 07:58:13 GMT

    Sterling will still be vulnerable on speculation that UK interest rates are close to peaking, although international developments are likely to dominate for now, especially with a lack of UK data. Long Sterling positions offer little immediate value beyond 0  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 24th August 2004
    FX-Strategy Tuesday August 24, 2004 - 01:46:59 GMT

    Price 1.8070

    Resistance: 1.8090 ... 1.8130 ... 1.8155 ... 1.8185
    Support....: 1.8050 ... 1.8025 ... 1.8010 ... 1.7970

    Bias: Lower to 1.8000-10 before recovering

    Bullish: Failure for price to recover above 1  More...    More...



    DOLLAR BUYERS ACROSS THE BOARD
    Forex.com Monday August 23, 2004 - 18:39:06 GMT

    The Dollar rose against its major counterparts today with oil and net reserves the topic on the minds of most traders. Dollar/Jpy rose of its lows after yesterday’s Asian bottom of 109.05/15 held in, and there Dollar managed to rally up to 109.70 before retreating back toward 109  More...    More...


    Forex Market Commentary and Analysis (23 August 2004)
    GCI Financial Monday August 23, 2004 - 16:42:19 GMT



    The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2180 level after stops were triggered below the $1.2280 level during European dealing. There are no major data releases scheduled for the U  More...    More...



    Risk of stop-loss volatility
    INVESTICA Ltd Monday August 23, 2004 - 09:58:12 GMT

    There will be a lack of fresh developments in the short term and it will be difficult to break out of existing ranges. Low liquidity will, however, pose some threat as stop-loss levels could be triggered more easily than usual. Underlying dollar risks will continue, but given the substantial number of long Euro speculative positions, the dollar will need more bad news to weaken  More...    More...


    US OPEN MARKET POINTS 08-23-04
    DailyFX.com Monday August 23, 2004 - 09:27:02 GMT

    US OPEN MARKET POINTS 08-23-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Dollar Bounce

    The dollar is mildly stronger against both the euro and the yen on Monday as traders anticipate that US eco data this week will be stronger than expected while reports from the Euro-zone and Asia may surprise to the downside  More...    More...



    EURO and GBP are expected consolidate at lower levels and correct more ......
    I-Knowindices Monday August 23, 2004 - 02:05:01 GMT

    EURO and GBP are expected to correct more after a brief lower level consolidation....hence the firming up moves in them are sell opportunities......It may apprear for many the market is giving mixed signals....but the operators are inducing traders to take lower level longs and to find that they were the highs for this week  More...    More...


    Forex: What's Up With Yen?:
    Foreign Exchange Analytics Sunday August 22, 2004 - 23:50:17 GMT

    What's Up With Yen?

    This past week saw the yen strengthen in the wake of very soft 2Q GDP data from the prior week and a record high in oil nearing $50 a barrel. No it's not intervention. Japan has not conducted any currency intervention since March 16 of this year  More...    More...



    Forex: Forecast for the U.S. Dollar vs Swiss Franc 23rd August 2004
    FX-Strategy Sunday August 22, 2004 - 23:19:19 GMT

    Price 1.2510

    Resistance: 1.2535 ... 1.2560 ... 1.2585 ... 1.2620
    Support....: 1.2475 ... 1.2455 ... 1.2435 ... 1.2400

    Bias: Initially bearish to 1.2435-55 but then risking consolidation before a break higher

    Bullish: The recovery from the 1  More...    More...



    Forex - Oil prices unsettle markets
    INVESTICA Ltd Saturday August 21, 2004 - 10:27:50 GMT

    Although US indicators are still relatively firm, there will be increased fears that high oil prices will damage the consumer and business spending outlook. In this environment, the Fed will be more reluctant to increase interest rates and this will tend to undermine the US currency  More...    More...


    DOLLAR BREAKS UP
    Forex.com Friday August 20, 2004 - 18:31:20 GMT

    The dollar soared higher as oil prices failed to trade over the key psychological level of 50 USD a barrel. EUR/USD, too, failed on its attempt to overtake a psychological barrier (1.2400) and ended up falling from 1.2375 to 1.2279. Meanwhile, USD/CHF rammed higher (1  More...    More...


    Lack Of Data In Beginning of Week Should Keep Dollar Ranges Intact
    DailyFX.com Friday August 20, 2004 - 16:45:20 GMT

    DailyFX Forex Fundamentals 08-20-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Lack Of Data In Beginning of Week Should Keep Ranges Intact
    · Eurozone Current Account Surplus Becomes Deficit
    · Fed Custody Holdings Increase For Fifth Consecutive Month

    EURUSD
    The dollar strengthened against the euro in lifeless trading throughout the London and US trading session  More...    More...



    Daily Forex Market Commentary for Friday, August 20, 2004
    GFT Friday August 20, 2004 - 15:51:15 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading, (source: http://www.gftforex.com/resources/daily.asp?date=8202004 )

    The sterling led the dollar down across the board on Thursday amid generally weak US economic indicators  More...    More...



    Forex Market News and Commentary (20 August 2004)
    GCI Financial Friday August 20, 2004 - 15:09:17 GMT



    The euro moved to intraweek lows vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2280 level, its lowest level in one week. Strong stops were hit below the $1.2360 level during European dealing after the common currency failed to get above the $1  More...    More...



    FX Thoughts - Evening - 20/08/04.......1245 GMT
    FX Thoughts for the Day Friday August 20, 2004 - 12:52:23 GMT

    Euro @ 1.2293/6....Remove TP on Short
    -------------------------------------
    R: 1.2322 / 1.2348-63 / 1.2393
    S: 1.2283-64 / 1.2252-38
    As it turns out, the market still believes in the broad range of 1.2465-1.1950 and has again turned down from 1  More...    More...



    FX Thoughts - Evening - 20/08/04.......1245 GMT
    FX Thoughts for the Day Friday August 20, 2004 - 12:50:41 GMT

    Euro @ 1.2293/6....Remove TP on Short
    -------------------------------------
    R: 1.2322 / 1.2348-63 / 1.2393
    S: 1.2283-64 / 1.2252-38
    As it turns out, the market still believes in the broad range of 1.2465-1.1950 and has again turned down from 1  More...    More...



    FX Thoughts - Evening - 20/08/04.......1150 GMT
    FX Thoughts for the Day Friday August 20, 2004 - 12:17:06 GMT

    Euro @ 1.2293/6....Remove TP on Short
    -------------------------------------
    R: 1.2322 / 1.2348-63 / 1.2393
    S: 1.2283-64 / 1.2252-38
    As it turns out, the market still believes in the broad range of
    1.2465-1.1950 and has again turned down from 1  More...    More...



    High-yield interest restrains Euro
    INVESTICA Ltd Friday August 20, 2004 - 09:44:46 GMT

    The interest in high-yield currencies will tend to undermine the US currency in the short term. A reluctance to increase US rates would preserve the advantage for high-yield currencies and longer-term dollar vulnerability will also continue. There will be position adjustment in New York with a potential curbing of long Euro positions  More...    More...


    US OPEN MARKET POINTS 08-20-04
    DailyFX.com Friday August 20, 2004 - 09:42:49 GMT

    US OPEN MARKET POINTS 08-20-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Dollar Bears Beware?

    Typically quiet summer Friday night as most majors trade in 20 pip ranges and eco news is in-line with expectations  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 20th August 2004
    FX-Strategy Thursday August 19, 2004 - 23:13:32 GMT

    Price 1.2420

    Resistance: 1.2455 ... 1.2485 ... 1.2510 ... 1.2535
    Support....: 1.2410 ... 1.2375 ... 1.2335 ... 1.2295

    Bias: While 1.2400-10 holds, cautiously bullish to 1.2560 and possibly 1.2610-25

    Bullish: The pullback from 1  More...    More...



    Dollar Falls On Weaker US Leading Indicators And Philly Fed Survey
    DailyFX.com Thursday August 19, 2004 - 21:15:51 GMT

    DailyFX Fundamentals 08-19-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Dollar Falls On Weaker US Leading Indicators And Philly Fed Survey
    ·Pound Brushes Off Weaker Retail Sales Data
    ·Japanese Economic Minister Takenaka Calls Weak Q2 Growth An “Adjustment” Instead Of A “Correction”

    EURUSD

    The euro continues to linger at the top of its recent range  More...    More...



    DOLLAR DOWN
    Forex.com Thursday August 19, 2004 - 18:20:17 GMT

    The dollar slipped today as more choppy range trading occurred in the G-7 currency pairs. EUR/USD popped from 1.2335 to 1.2380 while USD/CAD plowed through key 1.3010 support en route to a 1.2962 low. Also, USD/JPY dripped from 109.60 to 109.05 and GBP/USD raced higher up almost 200 points from its overnight low (1  More...    More...


    Forex Market Commentary and Analysis (19 August 2004)
    GCI Financial Thursday August 19, 2004 - 16:28:40 GMT



    The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2380 level after finding good bids around the $1.2325 level. Stops were hit above the $1.2360 level during the move higher and the $1  More...    More...



    FX Thoughts - Evening - 19/08/04.......1149 GMT
    FX Thoughts for the Day Thursday August 19, 2004 - 12:43:54 GMT

    Euro-Yen @ 135.38/4....See 135.90 if 135.60 broken
    -------------------------------------------------
    R: 135.50-56 / 135.87-98
    S: 135.24 / 134.82-68
    The "System" Support at 134.93-64 mentioned in the morning has continued to hold and the Cross has risen above 135  More...    More...



    US OPEN MARKET POINTS 08-19-04
    DailyFX.com Thursday August 19, 2004 - 10:14:40 GMT

    US OPEN MARKET POINTS 08-19-04
    Published By: Boris Schlossberg, Fundamental Analyst

    Positively British

    Imagine this. You enjoy the second lowest unemployment in the industrialized world of only 4.8% while your Consumer Price Index figures actually DECREASE last month by –0  More...    More...



    Euro to tackle resistance
    INVESTICA Ltd Thursday August 19, 2004 - 09:43:36 GMT

    Markets will struggle to find direction in the very short term with a lack of fresh incentives and low liquidity. The US economic data will be important and a weak Philadelphia Fed figure would undermine the US currency. Underlying doubts over the economy will also persist  More...    More...


    Forex: Daily Forecast for the U.S Dollar vs Swiss Franc August 19th 2004
    FX-Strategy Thursday August 19, 2004 - 01:22:58 GMT

    Price 1.2440

    Resistance: 1.2465 ... 1.2485 ... 1.2510 ... 1.2540
    Support....: 1.2435 ... 1.2405 ... 1.2375 ... 1.2350

    Bias: While 1.2420-40 holds, cautiously bullish to 1.2540 and possibly 1.2610-25

    Bullish: Our target at 1  More...    More...



    Softer Eurozone Consumer Price Inflation Report
    DailyFX.com Wednesday August 18, 2004 - 20:30:30 GMT

    DailyFX Fundamentals 08-18-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

  • Hurricane Charley Could Take A Further Toll On US Economy
    Softer Eurozone Consumer Price Inflation Report
    Bank of England August Minutes Confirm Dovish View



  • EURUSD

    The euro continues to roll over in quiet trading  More...    More...



    YEN SOARS HIGHER
    Forex.com Wednesday August 18, 2004 - 17:58:48 GMT

    The dollar gained against its European counterparts but slipped against the Japanese yen as oil prices and military activity in Iraq continue to dominate the landscape. EUR/USD fell from 1.2380 to 1.2282 while GBP/USD fell from 1.8310 to 1.8205. In addition, USD/CHF leapt from 1  More...    More...


    Forex Market News and Commentary (18 August 2004)
    GCI Financial Wednesday August 18, 2004 - 13:24:48 GMT



    The euro spiraled lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2315 level during early North American dealing after being unable to move through the $1.2365 level during European dealing. Part of the move lower was precipitated by the released of EMU-12 July HICP that were downwardly revised to +2  More...    More...



    FX Thoughts - Evening - 18/08/04.......1234 GMT
    FX Thoughts for the Day Wednesday August 18, 2004 - 13:06:11 GMT

    Euro @ 1.2328/31...Buy on dip
    -----------------------------
    R: 1.2341-46 / 1.2389 / 1.2400 / 1.2414
    S: 1.2303-1.2283 / 1.2258-38
    Narrow range of 1.2300-1.2389 over the last 3 days. A flushout of Longs in a dip towards 1.2285 or even 1  More...    More...



    US OPEN MARKET POINTS 08-18-04
    DailyFX.com Wednesday August 18, 2004 - 10:43:16 GMT


    Published By: Boris Schlossberg, Fundamental Analyst

    Denying the Obvious

    How many times must the cold, hard reality of bleak economic data slap USD bulls in the face before they finally accept it? Instead of hitting a “soft patch” the US economy seems to be teetering on the edge of a black hole with deflation and recession looming inside  More...    More...



    Rate doubts hurt Sterling
    INVESTICA Ltd Wednesday August 18, 2004 - 09:34:12 GMT

    Market sentiment is likely to remain weaker in the short term with further speculation that UK rates are close to peaking. The Bank of England minutes today have not altered the near-term position. Yield differentials should still offer some protection and deter aggressive selling, but Sterling could now weaken to the 0  More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar 18th August 2004
    FX-Strategy Wednesday August 18, 2004 - 01:38:31 GMT

    Price 1.2340

    Resistance: 1.2355 ... 1.2385 ... 1.2435 ... 1.2460
    Support....: 1.2320 ... 1.2300 ... 1.2280 ... 1.2255

    Bias: Cautiously looking for 1.2355-65 to hold to allow losses to 1.2255-80

    Bullish: The lower resistance at 1  More...    More...



    Forex Market Commentary and Analysis (17 August 2004)
    GCI Financial Tuesday August 17, 2004 - 17:08:28 GMT



    The euro weakened modestly vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2310 level after spiking to the $1.2390 level during early North American dealing. Data released in the U.S. today saw the headline July consumer price index down 0  More...    More...



    DailyFX Technical Report 08-17-04
    DailyFX.com Tuesday August 17, 2004 - 13:15:56 GMT

    DailyFX Technical Report 08-17-04

    Francois Nembrini, Systems Trading Department Manager


    EURUSD - The EUR/USD picture remains very much mixed, however, some clear bearish formations have come to fruition following the American session  More...    More...



    FX Thoughts - Evening - 17/08/04.......1240 GMT
    FX Thoughts for the Day Tuesday August 17, 2004 - 13:07:47 GMT

    Euro @ 1.2343/6....Buy below 1.2300 if possible
    ------------------------------------------------
    R: 1.2351-59 / 1.2383-93 / 1.2441
    S: 1.2316 / 1.2292-75 / 1.2239-20
    Price slipped to 1.2333 as Resistance at 1.2383 continued to hold  More...    More...



    US OPEN MARKET POINTS 08-17-04
    DailyFX.com Tuesday August 17, 2004 - 10:22:32 GMT

    Filled to Capacity?
    “Investment flow data for June surprised to the upside and suggested that investors are not too concerned about the faltering US economy but the view in the market is that the figures for July and August might tell a different tale  More...    More...



    Oil still dominates yen
    INVESTICA Ltd Tuesday August 17, 2004 - 08:03:16 GMT

    The easing of oil prices will provide immediate yen support, although underlying growth concerns will persist and underlying capital inflows into Japan are likely to remain subdued. The yen has the potential for a move to 109.8/110.0 but, given the Japanese uncertainties, the dollar should find short-term support here unless there is a fresh increase in risk aversion and a sharp decline on Wall Street  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 17th August 2004
    FX-Strategy Tuesday August 17, 2004 - 01:07:52 GMT

    Price 110.45

    Resistance: 110.65 ... 111.00 ... 111.15 ... 111.45
    Support....: 110.35 ... 110.00 ... 109.80 ... 109.40

    Bias: Remaining below 110.60-70 for a decline down to 109.40-80

    Bullish: Recovery was seen yesterday from slightly below our 110  More...    More...



    Empire State Manufacturing Survey Slips To 15 Month Low
    DailyFX.com Monday August 16, 2004 - 21:52:40 GMT

    Daily FX Fundamentals 08-16-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    ·Empire State Manufacturing Survey Slips To 15 Month Low
    ·Treasury International Capital Flow Data Indicates Rebound In US Portfolio Inflows
    ·Yen Rallies As Oil Prices Recede On Chavez Victory

    EURUSD

    Today was an extremely quiet day in the Eurozone with no economic data scheduled for release  More...    More...



    Forex Market Commentary and Analysis (16 August 2004)
    GCI Financial Monday August 16, 2004 - 15:58:03 GMT



    The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2335 level after stalling around the $1.2385 level during Australasian dealing. Traders booked some profits following Friday’s major price appreciation that saw the $1  More...    More...



    FX Thoughts - Evening - 16/08/04.......1215 GMT
    FX Thoughts for the Day Monday August 16, 2004 - 12:31:55 GMT

    Euro @ 1.2338/41....Watch Support at 1.2325-11
    ----------------------------------------------
    R: 1.2365 / 1.2444 / 1.2577
    S: 1.2311 / 1.2285-73 / 1.2253-34
    The Resistance at 1.2400 has held well so far today and the Euro has come off a bit since the morning  More...    More...



    US OPEN MARKET POINTS 08-16-04
    DailyFX.com Monday August 16, 2004 - 10:52:02 GMT



    An unsurprisingly quiet night as we have no economic data from Japan or Europe or UK. “The fundamental issue in Japan is whether or not the Q2 GDP report released on Friday foreshadows a more significant slowdown,” asks today’s Goldman Sachs research  More...    More...



    Dollar faces capital test
    INVESTICA Ltd Monday August 16, 2004 - 09:41:50 GMT

    The record US trade deficit will continue to unsettle the US currency in the short term. There will also be concerns over the impact of high oil prices and Wall Street vulnerability. The dollar is likely face further selling pressure if capital account inflows today are below US$50  More...    More...


    EXPECTED MOVES FOR EURO AND GBP IN THE WEEK
    I-Knowindices Monday August 16, 2004 - 03:11:03 GMT

    EURO and GBP are expected to consolidate at higher levels for a day and then commence the correction unassumingly .....hence sell other majors during stop hunt firming up moves near the highs set for the day.....now traders expect the economic condition should rule the market  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 16th August 2004
    FX-Strategy Sunday August 15, 2004 - 09:14:42 GMT

    Price 110.65

    Resistance: 110.85 ... 111.20 ... 111.45 ... 111.65
    Support....: 110.55 ... 110.35 ... 110.10 ... 109.80

    Bias: Remaining above 110.35-55 for a pullback to 111.20

    Bullish: Price failed to move through the 112  More...    More...



    Another dollar shock
    INVESTICA Ltd Saturday August 14, 2004 - 10:45:42 GMT

    The record US trade deficit will reignite concerns over the US current account and the dependency on overseas capital inflows. Wall Street weakness and high oil prices will be a negative influence on global investors and make it more difficult for the US to attract sufficient inflows  More...    More...


    Dollar Tanks on Weak US Data
    DailyFX.com Friday August 13, 2004 - 20:23:58 GMT

    DailyFX Forex Fundamentals 08-13-04

    By Kathy Lien, Chief Fundamental Strategist

    · Dollar Tanks on Weak US Data
    · Shockingly Lackluster Q2 GDP Growth In Japan
    · Slower Inflation in France and Softer Eurozone Q2 GDP

    EURUSD

    The euro rallied close to 200 pips today as the trend of weak data from the US continues  More...    More...



    Forex Market Commentary and Analysis (13 August 2004)
    GCI Financial Friday August 13, 2004 - 19:03:44 GMT



    The euro spiked higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2365 level, its highest rate since 20 July. A flurry of early European sales took the common currency from the $1.2225 level to the $1  More...    More...



    DEFICIT DEVASTATES DOLLAR
    Forex.com Friday August 13, 2004 - 19:01:50 GMT

    One could not possibly expect such a negative Trade Balance number approaching $50B but 56B stunned the market. This number ignited Euro and GBP and sank the Dollar off its highs post the horrible Japanese GDP figure that sparked the Dollar in Asia last night  More...    More...


    Dollar Perspective...Some Lists
    Foreign Exchange Analytics Friday August 13, 2004 - 17:14:56 GMT

    Dollar Perspective...Some Lists

    It is no mystery that I have been a dollar bear through much of the last two years (no not from the highs of 2002, but not far from them). Why am I still bearish? Especially why after issuing a buy recommendation several months back at 1  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Friday August 13, 2004 - 13:17:11 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8132004)

    The dollar advanced versus the pound, consolidated against the yen and slipped against the euro and the Swiss franc on Thursday  More...    More...



    FX Thoughts - Evening - 13/08/04.......1205 GMT
    FX Thoughts for the Day Friday August 13, 2004 - 12:20:40 GMT

    Euro @ 1.2206/9....Could rise today
    -----------------------------------
    R: 1.2207-08 / 1.2231-43 / 1.2281
    S: 1.2198-80 / 1.2169-1.2146 / 1.2135-1.2115
    Well entrenched range of 1.2172-1.2324 on the 4-hour chart now. Possibility of a Bull Flag on the Daily Candles (which needs confirmation)  More...    More...



    GDP figures hurt yen
    INVESTICA Ltd Friday August 13, 2004 - 09:52:40 GMT

    The yen will be damaged by the weaker than expected growth figures today and high oil prices will also remain a major market concern. There will, however, still be capital flows into Japan and further Wall Street declines could eventually trigger substantial dollar selling  More...    More...


    Buy EUR/GBP on retracements for a try above 0.6800
    Saxo Bank Friday August 13, 2004 - 05:32:57 GMT

    13 August, 05:32 GMT - EURGBP: 0.6720

    The latest data from GBP in terms of inflation (CPI was actually negative last time around) and housing prices (appear to have peaked) makes it increasingly likely that the BOE is fast reaching the end of its rate-hiking regime - and therefore decreasing the likelihood of ever-increasing interest rate differentials that those playing the carry trades hope for  More...    More...



    Forex: Daily Forecast for the British Pound vs U.S. Dollar 13th August
    FX-Strategy Friday August 13, 2004 - 01:06:54 GMT

    Price 1.8220

    Resistance: 1.8260 ... 1.8280 ... 1.8300 ... 1.8335
    Support....: 1.8195 ... 1.8150 ... 1.8120 ... 1.8080

    Bias: While holding below 1.8260-00 we are bearish to the 1.8080 low

    Bullish: With the losses seen yesterday we feel a bullish stance would be inappropriate today  More...    More...



    US Retail Sales - Another Disappointment
    DailyFX.com Thursday August 12, 2004 - 21:11:26 GMT

    DailyFX Fundamentals 08-12-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Weak US Retail Sales
    · Stronger German and French GDP
    · Oil Continues to Surge to All-Time Highs

    EURUSD

    Mixed developments in the Eurozone today failed to garner much momentum for the euro  More...    More...



    Slippery Slope
    Forex.com Thursday August 12, 2004 - 18:14:45 GMT

    The dollar traded higher after further analysis of the US Retail Sales number showed that it exceeded expectations. After briefly trading above 1.2300, EUR/USD crashed to a 1.2217 low while USD/JPY came within a whisker of breaking through key resistance at 111  More...    More...


    Forex Market Commentary and Analysis (12 August 2004)
    GCI Financial Thursday August 12, 2004 - 15:46:30 GMT



    The euro gave back most of its intraday gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2290 level before spiraling lower to test bids around the $1.2220 level. The pair continues to trade in a relatively narrow range, generally unable to gain much ground above the $1  More...    More...



    FX Thoughts - Evening - 12/08/04.......1225 GMT
    FX Thoughts for the Day Thursday August 12, 2004 - 12:41:25 GMT

    Euro @ 1.2260/3....Watch 1.2300-20
    -----------------------------------------
    R: 1.2295 / 1.2321 / 1.2365-75 / 1.2434
    S: 1.2255-37 / 1.2219-2200 / 1.2187-67
    Trading above the 200-MA zone at 1.2228-36. Still, some Range Resistance seen at 1  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Thursday August 12, 2004 - 12:15:51 GMT

    Daily Commentary By Cornelius Luca, forex analyst, global forex trading
    (source: http://www.gftforex.com/resources/daily.asp?date=8122004)

    The dollar trotted in place versus the European currencies while heading lower against the yen on Wednesday  More...    More...



    US OPEN MARKET POINTS 08-12-04
    DailyFX.com Thursday August 12, 2004 - 11:14:05 GMT

    US OPEN MARKET POINTS 08-12-04
    Published By: Boris Schlossberg, Fundamental Analyst

    It All Comes Down To Oil
    "It really comes down to oil," former Federal Reserve Board Governor Laurence Meyer said on Wednesday. "Everything is predicated on oil prices kind of receding, not being much above $40 a barrel  More...    More...



    Dollar waits for retail evidence
    INVESTICA Ltd Thursday August 12, 2004 - 09:44:33 GMT

    There will be further caution in the short term due to uncertainty over US growth trends. The US retail sales data today will have a significant with the possibility of high volatility. Overall, long dollar positions still offer little value stronger than 1  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 12th August
    FX-Strategy Thursday August 12, 2004 - 00:33:07 GMT

    Price 1.8315

    Resistance: 1.8320 ... 1.8345 ... 1.8370 ... 1.8405
    Support....: 1.8280 ... 1.8245 ... 1.8225 ... 1.8200

    Bias: Bearish from the 1.8350-60 area to 1.8170-00 at least

    Bullish: Yesterday's choppy recovery encouraged our intermediate bearish view  More...    More...



    Bank of England Signal That Rate Hikes May Be Over
    DailyFX.com Wednesday August 11, 2004 - 20:12:45 GMT

    DailyFX Forex Fundamentals 08-11-04

    By Kathy Lien, Chief Strategist www.dailyfx.com

    · US Budget Deficit Widens to $396 Billion
    · Bank of England Signal That Rate Hikes May Be Over
    · Japanese Trade Surplus Narrows More Than Expected


    EURUSD

    Unsurprisingly, the euro extended yesterday’s losses against the dollar  More...    More...



    Yen Shorts Spillover
    Forex.com Wednesday August 11, 2004 - 17:57:25 GMT

    The dollar traded mixed as some “mixed signals” from Saudi Arabia about the future of oil prices sent EUR/JPY and USD/JPY for a nasty spill. EUR/JPY fell from 135.85 to 135.15 while USD/JPY dropped from 111.22 to 1110.66 as traders rushed to cover short yen positions put on over the past few days during the high rise in gasoline prices  More...    More...


    Forex: Fed Sails Toward September Rate Hike
    Foreign Exchange Analytics Wednesday August 11, 2004 - 16:41:35 GMT

    Gee if only oil prices would come down then the economy would be on the Greenspan saddle path to eternal prosperity. While the FOMC statement is not a complete display of intellectual dishonesty, it is pretty darn close. Blaming all the US economic maladies on oil and at the same time maintaining the rise in the price of oil is transitory is incredulous  More...    More...


    Daily Market Commentary and Analysis (11 August 2004)
    GCI Financial Wednesday August 11, 2004 - 15:41:58 GMT



    The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2195 level after failing to move through the $1.2250 level during European dealing. The pair moved lower and tested technical support around the $1  More...    More...



    FX Thoughts - Evening - 11/08/04.......1214 GMT
    FX Thoughts for the Day Wednesday August 11, 2004 - 12:24:38 GMT

    Euro @ 1.2234/7....Take back Buy Order
    --------------------------------------
    We had an order to buy EURO at 1.2210, which we take back because
    1) We are Short on EURJPY and are expecting it to fall.
    2) The 200-day MA at 1.2224 and the 20-day MA at 1  More...    More...



    US OPEN MARKET POINTS 08-11-04
    DailyFX.com Wednesday August 11, 2004 - 11:11:23 GMT



    One of our readers emailed us today with a succinct summary of night activity. “Is the patient dead?” he inquired sarcastically. Indeed looking at FX price action for the past 10 hours one can easily come to that conclusion. With the reflex USD rally caused the FMOC rate hike over for now, order flow seems to have completely dried up as both dealers and customers focus more on their summer vacation plans than trading FX  More...    More...



    Dollar will need growth evidence
    INVESTICA Ltd Wednesday August 11, 2004 - 09:43:46 GMT

    The Fed's optimistic tone will help support the dollar in the short term and there will be a recovery in expectations over a rate hike in September. Uncertainty will, however, continue and the dollar will be vulnerable if forthcoming data does not signal a rebound  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 11th August 2004
    FX-Strategy Wednesday August 11, 2004 - 01:26:33 GMT

    Price 1.2615

    Resistance: 1.2630 ... 1.2655 ... 1.2685 ... 1.2715
    Support....: 1.2610 ... 1.2585 ... 1.2560 ... 1.2540

    Bias: Initially testing 1.2655 but expect a pullback from there

    Bullish: We were disappointed not to see a test of the 1  More...    More...



    DailyFX Research: Fed At The Mercy Of Oil
    DailyFX.com Tuesday August 10, 2004 - 20:20:49 GMT

    DailyFX Forex Fundamentals 08-10-04

    By Kathy Lien, Chief Strategist

    · Fed Raises Rates By 25bp to 1.50% - Hawkish Comments
    · Oil Jitters Continue To Rattle Markets
    · Softer UK Inflation and Wider Trade Balance

    EURUSD

    In a nutshell, the Federal Reserve raised interest rates by 25bp to 1  More...    More...



    Forex Market Commentary and Analysis (10 August 2004)
    GCI Financial Tuesday August 10, 2004 - 18:43:32 GMT



    The euro gained ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2320 level after being in a relatively confined range since Friday’s non-farm payrolls data. The Federal Open Market Committee convened today and voted to raise the federal funds target rate by 25bps to 1  More...    More...



    ALL EYES ON FOMC
    Forex.com Tuesday August 10, 2004 - 17:45:40 GMT

    The dollar sank to its lowest levels this month against the Euro ahead of today’s Fed meeting. There is a great deal of apprehension regarding the post announcement commentary in which the Fed may suggest a more tepid pace of future hikes. The dollar is currently viewed with its back to the ropes, and this may provide the KO punch  More...    More...


    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday August 10, 2004 - 15:05:49 GMT

    Daily Commentary by Cornelius Luca, forex analyst, Global Forex Trading (http://www.gftforex.com/resources/daily.asp?date=8102004)

    The dollar trotted in place on Monday after collapsing at the end of last week, and Tuesday should be more of the same  More...    More...



    FX Thoughts - Evening - 10/08/04.......1135 GMT
    FX Thoughts for the Day Tuesday August 10, 2004 - 11:50:57 GMT

    Euro @ 1.2281/4...Promise of 1.2375?
    ------------------------------------
    R: 1.2282 / 1.2368 / 1.2548
    S: 1.2252 / 1.2221-2199 / 1.2168
    The charts are looking similar for most of the currencies, all suggesting Dollar weakness ahead  More...    More...



    US OPEN MARKET POINTS 08-10-04
    DailyFX.com Tuesday August 10, 2004 - 11:10:07 GMT

    FOMC

    All eyes on the Fed meeting today, as most market players expect a 25bp rate hike despite Friday’s markedly weaker NFP number. The Fed has little choice in the matter as it must now save face after Chairman Greenspan’s mistakenly upbeat Humphrey Hawkins testimony several weeks back  More...    More...



    Buy EUR/USD for try at 1.2450 top
    Saxo Bank Tuesday August 10, 2004 - 10:37:06 GMT

    10 August, 10:37 GMT - EUR/USD: 1.2274

    The upward direction established in EUR/USD on last Friday's US unemployment report looks set to continue in the coming days. There may be some volatility on the FOMC rate decision at 18:15 GMT today, as some believe that the Fed will not hike rates - but we are with the majority that believe the Fed will hike  More...    More...



    Data unsettles Sterling
    INVESTICA Ltd Tuesday August 10, 2004 - 09:44:23 GMT

    Yield considerations should still offer Sterling some support, but Sterling's overall tone does not look good at present and it is very dependent on high rates. The currency will also be vulnerable if there is a sustained downturn in equity markets. Sterling is likely to hit further resistance at 0  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 10th August 2004
    FX-Strategy Tuesday August 10, 2004 - 00:07:13 GMT

    Price 1.2540

    Resistance: 1.2570 ... 1.2590 ... 1.2640 ... 1.2680
    Support....: 1.2530 ... 1.2510 ... 1.2490 ... 1.2455

    Bias: We remain cautiously on favor of the move lower to 1.2450-60 before higher

    Bullish: The correction higher moved to the 1  More...    More...



    DailyFX: Fed Rate Decision – Will It Be About Face?
    DailyFX.com Monday August 9, 2004 - 20:21:52 GMT

    DailyFX Forex Fundamental Report 08-09-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Fed Rate Decision – Will It Be About Face?
    · UK Producer Output Prices Increase To Nine Year High
    · Japanese Yen Declines on Nuclear Power Leak

    EURUSD

    After Friday’s blockbuster day for the euro, today’s fluctuations in the single currency have narrowed to under 50 pips ahead of tomorrow’s FOMC rate decision  More...    More...



    TIGHT RANGES GOING INTO FOMC
    Forex.com Monday August 9, 2004 - 18:31:14 GMT

    We have seen range bound trading today as all eyes are set on tomorrow’s FOMC meeting. The euro traded at a two-week high against the dollar as it has held Friday’s gains. EUR/USD traded up to the 1.2290 area before retreating and is now slightly down on the day  More...    More...


    Forex Market Commentary and Analysis (9 August 2004)
    GCI Financial Monday August 9, 2004 - 14:55:39 GMT



    The euro came off modestly vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2245 level after coming within a few pips of testing offers around the US$ 1.2300 figure, a level it nearly tested on Friday. The surprisingly weak July non-farm payrolls number that saw a mere 32,000 jobs created last month is on the minds of traders one day before the Federal Open Market Committee convenes to deliberate monetary policy  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Monday August 9, 2004 - 13:11:39 GMT


    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=892004)

    The dollar plunged on Friday after the abysmal jobless reports that sheds an unflattering light on the US economic recovery  More...    More...



    FX Thoughts - Evening - 09/08/04.......1225 GMT
    FX Thoughts for the Day Monday August 9, 2004 - 12:36:44 GMT

    Euro @ 1.2258/61.....Dip to 1.22 before 1.2380
    ---------------------------------------------
    R: 1.2276-82 / 1.2365 / 1.2553
    S: 1.2219-03 / 1.2197-82
    The Euro is trading in the middle of 1.22-1.23 today. The 1.2000-1.1980 region may have been established as a strong Support for the medium term and might serve as a base for a fresh Euro upmove in the longer term  More...    More...



    US OPEN MARKET POINTS 08-09-04
    DailyFX.com Monday August 9, 2004 - 10:46:34 GMT

    Bombed Out

    Friday’s shockingly weak NFP number hit the FX market like a neutron bomb with the dollar collapsing 170 points in 10 seconds as interbank dealers quickly removed all liquidity from the market. In it’s wake, the report destroyed the growth argument of the dollar bulls and incinerated whatever remnants of credibility Alan Greenspan had left  More...    More...



    Anxious wait for Fed decision
    INVESTICA Ltd Monday August 9, 2004 - 09:54:08 GMT

    The dollar is likely to remain on the defensive in the short term with confidence dented by the very weak Friday US payroll report. High oil prices and Wall Street vulnerability will also tend to undermine the US currency in the short term. Caution is required, particularly after the sharp July Euro losses seen in July  More...    More...


    EURO and GBP are expected consolidate at higher levels with swings and reverse......
    I-Knowindices Monday August 9, 2004 - 06:12:34 GMT

    The monthly cycle made Euro and GBP to firm up for the week end as expected by the forecast model...

    after a false rise for this week beginning,they are expected to slide and correct...in this process USD is expected to gain the lost ground  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc
    FX-Strategy Sunday August 8, 2004 - 13:12:18 GMT

    Price 1.2500

    Resistance: 1.2530 ... 1.2555 ... 1.2590 ... 1.2630
    Support....: 1.2490 ... 1.2455 ... 1.2420 ... 1.2400

    Bias: Lower to 1.2450-60 before higher

    Bullish: The break below 1  More...    More...



    Forex: Fed in focus after payroll shock
    INVESTICA Ltd Saturday August 7, 2004 - 10:39:55 GMT

    US dollar confidence has received a serious setback following the weaker than expected employment report and dip in long-term interest rates. The Fed is still likely to increase US interest rates this week, but there will be speculation over a pause in September  More...    More...


    Dollar Gets Pink Slipped
    Forex.com Friday August 6, 2004 - 19:54:28 GMT

    The dollar got lambasted as a worse than expected US Non Farm Payroll number sent EUR/USD flying above key option protected levels (1.2235 and 1.2275) while USD/JPY knifed back down towards the 108 handle in a frantic manner (109.15 to 108.05). In just about every area, the dollar suffered sharp losses against its G-7 counterparts  More...    More...


    Dollar Tanks On Non Farm Payrolls - They Are Wrong Again
    DailyFX.com Friday August 6, 2004 - 13:37:19 GMT

    DailyFX Forex Fundamentals 08-06-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · US Non-Farm Payrolls Report – Only 32k Jobs Added in July
    · German Industrial Production Weakest in 10 Months
    · UK Personal Insolvencies Reach Record High

    EURUSD - The euro skyrocketed as the forecasts for July’s non-farm payrolls report were once again significantly off target  More...    More...



    FX Thoughts - Evening - 06/08/04.......1207 GMT
    FX Thoughts for the Day Friday August 6, 2004 - 12:39:40 GMT

    Euro @ 1.2052/5....Exiting Long
    --------------------------------
    At current level we exit Long entered at 1.2055. Would like to be square ahead of the data


    $-Yen @ 111.59/63....As per the morning
    ----------------------------------------
    The morning analysis and orders hold


    Euro-Yen @ 134  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Friday August 6, 2004 - 12:38:08 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=862004)

    The dollar remained basically in suspended animation on Thursday, even though officially it edged lower versus the European currencies, but climbed further against the yen  More...    More...



    US OPEN MARKET POINTS 08-06-04
    DailyFX.com Friday August 6, 2004 - 11:36:01 GMT

    Why Payrolls May not Matter

    Is Putin turning into Pinochet? The Yukos saga is quickly becoming a tragicomedy as ever changing government decrees threaten to shut down Russia’s number one oil producer whose daily output is greater than that of Libya  More...    More...



    Waiting for payroll data
    INVESTICA Ltd Friday August 6, 2004 - 09:38:49 GMT

    Trade will be very subdued ahead of the US payroll report as the data will set the market tone for the next week. The dollar is likely to need payroll growth of at least 250,000 to make significant progress while a figure below 180,000 could push the dollar down to at least 1  More...    More...


    Forex: Daily forecast for the Euro vs U.S. Dollar 6th August 2004
    FX-Strategy Friday August 6, 2004 - 00:33:35 GMT

    Price 1.2050

    Resistance: 1.2075 ... 1.2095 ... 1.2125 ... 1.2145
    Support....: 1.2045 ... 1.2020 ... 1.2000 ... 1.1967

    Bias: A little mixed but overall bearish on the day to 1.1865-1.1900

    Bullish: Yesterday's price action was as expected but occurred in slow motion, taking much longer than expected  More...    More...



    Crude Oil : How can we fight against the current oil crisis?
    QIndex Thursday August 5, 2004 - 23:33:01 GMT

    Melbourne Qindex 23:30 GMT August 5, 2004
    Crude Oil : How can we fight against the current oil crisis?


    Crude oil hit a high at 44.5 and settled at 44.41 in the last New York session. If the market cannot stablise around 44.32 which is the key quantized level for my current 3-month projection profile, the trading range of crude oil can reach 49  More...    More...



    Dollar Sinks As Oil Prices Continue To Rise As Yukos’ Troubles Worsen
    DailyFX.com Thursday August 5, 2004 - 20:45:55 GMT

    DailyFX Forex Fundamentals Report 08-05-04

    ·Mixed US Labor Market Data Confuses Market Ahead on Non-Farm Payrolls
    ·Bank of England Raises Rates to 4.75%
    ·Oil Prices Continue To Rise As Yukos’ Troubles Worsen
    ·Canadian IVEY PMI Disappoints – 51  More...    More...



    GBP RATE INCREASE
    Forex.com Thursday August 5, 2004 - 18:54:20 GMT

    A very lackluster day in the currencies, even with the release of an ECB and BOE rate decision. ECB left rates on hold as expected but the MPC hiked .25 basis points and GBP went up initially and then sold of after traders got to the fine print. Basically the BOE raised as expected but toned down the hawkish tone and the market took that as possibly no rate hike at the next meeting  More...    More...


    Forex Market Commentary and Analysis (5 August 2004)
    GCI Financial Thursday August 5, 2004 - 17:35:04 GMT



    The euro continued its rangebound trading vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2075 level and was supported by bids around the $ 1.2020 level during early North American dealing. The pair has been locked in a $1  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Thursday August 5, 2004 - 12:53:04 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=852004)

    The dollar failed to hold on to early gains and closed little changed versus the European currencies  More...    More...



    Sterling discounts 0.25% rate increase
    INVESTICA Ltd Thursday August 5, 2004 - 09:42:35 GMT

    Sterling has priced in a 0.25% rate hike and it is likely to need a 0.5% rise to secure buying interest. The chances of a 0.5% hike are only around 10%. There is, therefore, the risk of profit taking after the rate decision, but Sterling should be able to secure initial support at the 1  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 5th August 2004
    FX-Strategy Thursday August 5, 2004 - 01:17:54 GMT

    Price 111.00

    Resistance: 111.25 ... 111.40 ... 111.73 ... 111.95
    Support....: 110.90 ... 110.70 ... 110.39 ... 110.15

    Bias: Mixed - waiting for breaks

    Bullish: A direct recovery seen yesterday but failed to break above the 111  More...    More...



    Rising oil prices take another toll on the Japanese yen
    DailyFX.com Wednesday August 4, 2004 - 19:52:44 GMT

    DailyFX Forex Fundamentals 08-04-04

    By Kathy Lien, Chief Strategist at www.dailyfx.com

    ·Dollar tanks as employment component of service sector ISM declines
    ·Weakest UK Service Sector PMI in 10 Months
    ·Rising oil prices take another toll on the Japanese yen

    EURUSD

    The dip below 1  More...    More...



    Forex Market Commentary and Analysis (4 August 2004)
    GCI Financial Wednesday August 4, 2004 - 16:42:43 GMT



    The euro reclaimed some recent losses vis-à-vis the U.S. dollar today and traded around the US$ 1.2050 level during North American dealing after peaking around the $1.2070 level. Bids supported the common currency around the $1.1970 level earlier in the session  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Wednesday August 4, 2004 - 14:34:23 GMT

    Daily Forex Market Commentary Wednesday, August 04, 2004 8:00 GMT
    Daily Commentary By Cornelius Luca
    (source: http://www.gftforex.com/resources/daily.asp?date=842004)

    The dollar gave up all of its early gains made against the European currencies, but remained under selling pressure versus the Japanese yen  More...    More...



    FX Thoughts - Evening - 04/08/04.......1205 GMT
    FX Thoughts for the Day Wednesday August 4, 2004 - 12:08:43 GMT

    Euro @ 1.2001/4....Bracing for fall? Or illusion?
    --------------------------------------------------
    R: 1.2036-52 / 1.2106 / 1.2138
    S: 1.1980 / 1.1943 / 1.1920-00
    This is the sixth day that the Euro is in a 100-140 point range between 1  More...    More...



    US OPEN MARKET POINTS 08-04-04
    DailyFX.com Wednesday August 4, 2004 - 10:38:02 GMT

    The High-Yield Edge
    Tonight’s decision by RBA to leave rates unchanged at 5.25% along with tomorrow’s expected 25bp rate hike from BoE brings the high yield currencies back into focus and allow us to examine once more the status of the carry trade. Presently the Kiwi trades at 475bp spread to the dollar, the Aussie at 400bp spread and the pound at a 325bp rate differential  More...    More...



    Markets looking for trigger
    INVESTICA Ltd Wednesday August 4, 2004 - 09:18:34 GMT

    The overall dollar tone should remain firm ahead of Friday's report although, with a reluctance to maintain positions for long in current circumstances, narrow ranges should prevail. There will be further tests of 1.20 and there is a 40% chance that this level will break, potentially pushing the dollar to at least 1  More...    More...


    Sell USD/CAD a bit higher for another try at 1.3050
    Saxo Bank Wednesday August 4, 2004 - 08:16:27 GMT

    4 August, 08:15 GMT - USD/CAD: 1.3202

    USD/CAD looks set to decline after failing to make new highs above 1.3370 and dramatically reversing on the poor news from the US on Tuesday. The risk/reward setup is very clear, and USD/CAD appears set to challenge the 1  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 4th August 2004
    FX-Strategy Wednesday August 4, 2004 - 01:19:32 GMT

    Price 110.65

    Resistance: 110.85 ... 111.15 ... 111.30 ... 111.66
    Support....: 110.30 ... 110.05 ... 109.60 ... 109.45

    Bias: Mixed - waiting for breaks

    Bullish: The drift lower continued yesterday and we need to be flexible from here  More...    More...



    Softer UK economic data solidifies 25bp instead of 50bp rate hike on Thursday
    DailyFX.com Tuesday August 3, 2004 - 20:09:05 GMT

    DailyFX Forex Fundamental Report 08-03-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Eurozone unemployment remains at 4 ½ year highs
    · US consumer spending retrenches to September 2001 lows
    · Softer UK economic data solidifies 25bp instead of 50bp rate hike on Thursday

    EURUSD

    Weaker US economic data failed to provide the euro with enough momentum to shed the 1  More...    More...



    BACK IN FAMILIAR RANGES
    Forex.com Tuesday August 3, 2004 - 18:31:38 GMT

    Latest reports suggest that much of the intelligence used for Sunday's US terror warnings is up to four years old, according to the New York Times. This suggests that the risk may not be as imminent as initially thought, though the article goes on to say that old information had in the past proved relevant all the same  More...    More...


    Forex Market Commentary and Analysis (3 August 2004)
    GCI Financial Tuesday August 3, 2004 - 14:39:04 GMT



    The euro was flat vis-à-vis the U.S. dollar through early North American dealing after the single currency tested offers around the US$1.2045 level and tested bids around the $1.1995 level during Australasian dealing. The dollar has managed to shrug off the terrorist jitters it encountered earlier this week  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday August 3, 2004 - 14:07:45 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=832004)

    Warnings of possible terrorist attacks against key financial institutions in New York City, Washington and Newark exercised only a fleeting drag on the dollar, particularly versus the euro and the Swiss franc  More...    More...



    FX Thoughts - Evening - 03/08/04.......1210 GMT
    FX Thoughts for the Day Tuesday August 3, 2004 - 12:26:38 GMT

    Euro @ 1.2019/22...Still waters.
    ----------------------------------------
    R: 1.2037-57 / 1.2070-80 / 1.2105-10
    S: 1.1980 / 1.1940-25 / 1.1798-89
    With the Euro being ranged between 1.1980-1.2125 for close to a week now, the short term charts are totally ambiguous between 1  More...    More...



    US OPEN MARKET POINTS 08-03-04
    DailyFX.com Tuesday August 3, 2004 - 11:06:12 GMT

    The Need for Fear

    A quite session both in Asia and in Europe tonight against little economic news. The most important data point of the day comes during the US Open when traders will focus on US personal spending which is expected to decrease materially to –0  More...    More...



    UK rate hike priced in
    INVESTICA Ltd Tuesday August 3, 2004 - 10:00:47 GMT

    The data has continued to back the case for a UK rate hike and this will help underpin Sterling. A 0.5% rate increase this week or signs of a further rate increase in September will, however, be needed to trigger further buying interest as a 0.25% tightening has been priced in  More...    More...


    Sell EUR/JPY - it may be headed for 131.00
    Saxo Bank Tuesday August 3, 2004 - 04:52:44 GMT

    3 August, 04:53 GMT - EUR/JPY: 133.15

    EUR/JPY is beginning to come unraveled as we expected and the overweight of long positions in the market will likely result in further position unwinding and further downside for this currency pair. Resurgent US equity markets may be the catalyst here, as there is a close correlation between strong US equity markets and a strong JPY  More...    More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar 3rd August 2004
    FX-Strategy Tuesday August 3, 2004 - 01:30:54 GMT

    Price 1.2035

    Resistance: 1.2045 ... 1.2065 ... 1.2090 ... 1.2120
    Support....: 1.1990 ... 1.1975 ... 1.1935 ... 1.1900

    Bias: While holding below 1.2065 bearish to 1.1935 & probably 1.1865-1.1900

    Bullish: Price was slightly firmer than expected yesterday but has held below the key 1  More...    More...



    Dollar Erases Terror Losses on Stronger ISM
    DailyFX.com Monday August 2, 2004 - 20:20:28 GMT

    DailyFX Forex Fundamentals 08-02-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Foreign Demand Helps To Expand European Manufacturing Sector
    · Ninth Consecutive Month of Expansion in US Manufacturing
    · Cabinet Office To Keep Economic Assessment Unchanged

    EURUSD

    Aside from the looming terror threats, the market’s primary focus this morning is on the manufacturing sector in the US and Europe  More...    More...



    Dollar Treads Water
    Forex.com Monday August 2, 2004 - 19:16:45 GMT

    The dollar treaded water in a light hearted trading session. In methodical fashion, EUR/USD drifted to 1.2026 down from 1.2067 after a decent reading out of the ISM. In addition, USD/CHF rose from 1.2740 to 1.2790 but USD/JPY slipped from 111.11 to 110.72 as some EUR/JPY sellers (133  More...    More...


    Forex Market News and Analysis (2 August 2004)
    GCI Financial Monday August 2, 2004 - 15:44:59 GMT



    The euro opened higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2090 level on increased terror warnings in the U.S but later gave back most of its gains. North American dealers drove the pair to intraday lows around the $1  More...    More...



    FX Thoughts - Evening - 01/08/04.......1219 GMT
    FX Thoughts for the Day Monday August 2, 2004 - 12:37:56 GMT

    Euro @ 1.2054/7....Quiet today
    ------------------------------
    R: 1.2093 / 1.2129 / 1.2159
    S: 1.2053-48 / 1.2000 / 1.1980
    The 1.1980-1.2125 range continues to hold today as well. This is the 4th day we are in this range. Extensions to 1  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Monday August 2, 2004 - 11:45:58 GMT

    (source: http://www.gftforex.com/resources/daily.asp?date=822004)

    Decent US economic data on Friday helped the dollar recover all of its losses versus the euro and the Swiss franc, but ended lower against the pound. Dollar/yen suffered the brunt of the decline, under the drag of the euro/yen and other yen crosses  More...    More...



    US OPEN MARKET POINTS 08-02-04
    DailyFX.com Monday August 2, 2004 - 10:57:42 GMT

    What the…?!

    Confused? You are not alone. US Q2 GDP printed meaningfully worse at 3% vs. 3.6% expected, but Q1 GDP was revised materially better from 3.9% to 4.5%. Personal consumption reported 1% - only half as much as forecast - but Chicago PMI checked in at 64  More...    More...



    Dollar will face resistance
    INVESTICA Ltd Monday August 2, 2004 - 09:47:55 GMT

    The US data has not seriously damaged US optimism, but there will be caution ahead of the Friday employment report. Terrorism concerns will also unsettle the dollar. Overall, the dollar is likely to hit further tough near-term resistance at the 1.20 level, and this level will be very difficult to break ahead of Friday's figures  More...    More...


    EURO and GBP are expected swing and rise for a week and reverse ......
    I-Knowindices Monday August 2, 2004 - 03:54:33 GMT

    During week end the traders were induced to off load their long positions in EURO and GBP......now EURO and GBP are expected to swing above the friday close and firm up for a week to trap the lower and middle level short sellers.....the operators are expected to either way swing for the week beginning and then reverse big (rise ) quickly  More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar 2nd August 2004
    FX-Strategy Sunday August 1, 2004 - 14:37:13 GMT

    Price 1.2020

    Resistance: 1.2030 ... 1.2060 ... 1.2090 ... 1.2120
    Support....: 1.1990 ... 1.1975 ... 1.1955 ... 1.1935

    Bias: While holding below 1.2060 bearish to 1.1935 & probably 1.1865-1.1900

    Bullish: The expanding triangle indentified on Friday forced a new high at 1  More...    More...



    Employment data crucial for dollar
    INVESTICA Ltd Saturday July 31, 2004 - 13:27:10 GMT

    Confidence over US growth should be sustained in the short term. The data over the next month will, however, be important in determining whether the Fed's recent optimism is justified with an initial focus on the August payroll report. The Fed will increase interest rates in August and a narrowing of the gap between US and Euro-zone short-term interest rates will tend to discourage dollar selling and hedging  More...    More...


    Yen Recuperates As Stock Market Rallies on Banking Sector Merger Developments
    DailyFX.com Friday July 30, 2004 - 20:18:10 GMT

    DailyFX Forex Fundamentals 07-30-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

  • Dollar Whipsaws on Mixed US Data – Weak GDP but higher Chicago PMI

  • German Retail Sales Increases By Fastest Pace in A Year

  • Yen Recuperates As Stock Market Rallies on Banking Sector Merger Developments


  • EURUSD

    Rock and roll action in the euro today as the single currency rips higher on a substantially weaker Q2 GDP report, but then gives back all of its gains as Chicago Purchasing Managers Index (PMI) bounces 14% from the steep retracement in June which followed a 16-year high in the index (more in USDCHF section)  More...    More...



    WILL NOT BACK DOWN
    Forex.com Friday July 30, 2004 - 19:26:45 GMT

    The US dollar managed to hold its recent gains despite the weaker then expected GDP figure for the 2nd quarter that was released this morning. The number reflected an expansion of 3 percent while the median forecast was for 3.7 percent. The prior quarter’s figure was raised from 3  More...    More...


    Forex Market Commentary and Analysis (30 July 2004)
    GCI Financial Friday July 30, 2004 - 15:28:54 GMT



    The euro reversed some of its recent losses vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2120 level after the release of weaker-than-expected preliminary Q2 U.S. GDP data. Economic expansion in the U  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Friday July 30, 2004 - 13:31:15 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7302004)


    The dollar weakness versus the European currencies lasted very little and then it resumed its strong gains across the board  More...    More...



    FX Thoughts - Evening - 30/07/04.......1155 GMT
    FX Thoughts for the Day Friday July 30, 2004 - 12:14:17 GMT

    Euro @ 1.2043/6....Buy 1.1955; Sell 1.2135
    ------------------------------------------
    R: 1.2068 / 1.2120-46 / 1.2177-83
    S: 1.2049-48 / 1.1990-80 / 1.1945
    The bounces from 1.1990-85 over the last 2 days might have been profit-taking after the fall over the last couple of weeks  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 30, 2004 - IFR Forex Watch
    FX MarketLeaders Friday July 30, 2004 - 11:04:53 GMT

    [Friday July 30, 11:00 GMT]
    [Market Briefs]
    * EZ July Business Climate jumps to +0.58 vs +0.43 in June
    * EZ July Economic Sentiment leaps to 100.1 from revised 99.7 in June
    * EZ July Inflation estimated at +2.4% y/y, unch from June
    * German July Jobless at 4  More...    More...



    Forex - US OPEN MARKET POINTS 07-30-04
    DailyFX.com Friday July 30, 2004 - 10:55:17 GMT

    Wild Week
    What’s happening to the FX market this week? UK housing data comes out stronger then expected practically assuring BoE rate hike and cable promptly gets pounded for nearly 200 points. US Durable Goods prints worse then forecast and the greenback barely gives any ground against the euro  More...    More...



    GDP data vital for dollar
    INVESTICA Ltd Friday July 30, 2004 - 09:44:49 GMT

    The dollar's immediate direction will be set by the US GDP report later today. A figure above 4.0% would be likely to trigger further dollar buying, but the US currency will find it more difficult to make and sustain progress as short positions have now been covered  More...    More...


    Forex: Daily Forecast for the British Pound vs U.S. Dollar 30th July
    FX-Strategy Friday July 30, 2004 - 01:44:23 GMT

    Price 1.8165

    Resistance: 1.8190 ... 1.8205 ... 1.8240 ... 1.8260
    Support....: 1.8135 ... 1.8105 ... 1.8080 ... 1.8040

    Bias: Mixed - waiting for breaks

    Bullish: Break of 1.8150 has forced us to re-evaluate the decline from 1  More...    More...



    Yen Slides On Disappointing Industrial Production Data
    DailyFX.com Thursday July 29, 2004 - 20:51:46 GMT

    DailyFX Forex Fundamentals 07-29-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · US Labor Costs Slow
    · More Cause For Rate Hikes In UK
    · Yen Slides On Disappointing Industrial Production Data

    EURUSD

    In a day when there are not any significant European economic data and releases out of the US provided no surprises, we revert to the rather disturbing concerns of terrorism  More...    More...



    ASIA OPEN - Forex Market Briefs for July 30, 2004 - IFR Forex Watch
    FX MarketLeaders Thursday July 29, 2004 - 20:31:41 GMT

    [Market Briefs] July 29th, 2004
    * US Jobless Claims +4K to 345K July 24 Week; As Expected
    * Canada May GDP +0.3% v. +0.4% Expected
    * Canada June Industrial Prices -0.5% as expected
    * Canada June Raw Materials Prices -1.7% v  More...    More...



    DOLLAR PAUSES FOR RUMORS
    Forex.com Thursday July 29, 2004 - 19:11:35 GMT

    The dollar traded in a frenzied manner after key levels at 1.2000 in EUR/USD and 1.2725 in USD/CHF were falsely shattered. In almost astonishing fashion, EUR/USD raced from 1.1991 to 1.2097 while USD/CHF knifed from 1.2845 to 1.2715. Meanwhile, GBP/USD briefly traded on the1  More...    More...


    Forex Market Commentary and Analysis (29 July 2004)
    GCI Financial Thursday July 29, 2004 - 14:38:24 GMT




    The euro spiraled lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.1990 level, clearly on the defensive against the greenback. News of a rise in weekly initial U.S. jobless claims did little to hurt the dollar’s performance today as traders shrugged off the 4,000 person increase to 345,000 and weren’t overly concerned with a 174,000 increase in continuing claims to 2  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Thursday July 29, 2004 - 14:22:20 GMT

    Daily Commentary By Cornelius Luca, forex, analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7282004)

    The dollar surged across the board on Tuesday following the strong Consumer Confidence report for July and the upward revision of the previous month  More...    More...



    FX Thoughts - Evening - 29/07/04.......1130 GMT
    FX Thoughts for the Day Thursday July 29, 2004 - 11:56:21 GMT

    $-Swiss @ 1.2804/9....Strong Resistance at 1.2840
    --------------------------------------------------
    R: 1.2841 / 1.2911 / 1.2969
    S: 1.2756-47 / 1.2703 / 1.2669
    We find Resistance at 1.2839-41 today, a confluence of rising channel resistance of the upmove from 16-July AND Trend Resistance coming down from the 1  More...    More...



    Greenspan Growth Story Unstable
    Foreign Exchange Analytics Thursday July 29, 2004 - 11:45:34 GMT

    Greenspan Growth Story Unstable (FXA)

    Just because he says it's so doesn't make it so...Greenspan that is...oh that the June slowdown was a dip and there is no looking back as the economy bursts forth. Sure the US consumer confidence data from July, the first data point for Greenspan validation, was as the Chairman said  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 29, 2004 - IFR Forex Markets
    FX MarketLeaders Thursday July 29, 2004 - 11:11:53 GMT

    [Thursday July 29, 11:00 GMT]
    [Market Briefs]
    * UK June Consumer Credit +2.05 bln STG vs +1.56 bln STG in May
    * UK June Mortgage Lending +9.18 bln STG vs +9.35 bln STG in May
    * UK July House Prices +2.1% m/m, +20.3% y/y, highest m/m since February
    * Italian July CPI +0  More...    More...



    Forex - US OPEN MARKET POINTS 07-29-04
    DailyFX.com Thursday July 29, 2004 - 11:01:12 GMT

    Is the Fed Hike Really a Done Deal?

    Yesterday’s US Durable Goods number (0.6% vs. 1.4% expected) reported in stark contrast to Fed Chairman Greenspan’s recent upbeat assessment of US economy. Granted, the number showed an increase after two months of decline, albeit ex-transportation it actually decreased –0  More...    More...



    UK housing data strong
    INVESTICA Ltd Thursday July 29, 2004 - 10:14:46 GMT

    The strong housing data for July will revive expectations of a more aggressive hike in UK interest rates. High oil prices will also offer near-term Sterling support. These factors should help offset longer-term concerns for now. Sterling has the potential for a recovery against the dollar towards 1  More...    More...


    Sell USD/CAD for a go at 1.3180
    Saxo Bank Thursday July 29, 2004 - 05:40:39 GMT

    29 July, 05:40 GMT - USD/CAD: 1.3300

    We've seen quite a move towards USD strength over the last few days as interest rates have jumped several notches higher. CAD was the first currency to weaken against the USD, but now may be leading the charge in the opposite direction, as seen in the quick drop yesterday from the 1  More...    More...



    Forex: Daily forecast for the British Pound vs U.S. Dollar 29th July 2004
    FX-Strategy Thursday July 29, 2004 - 01:27:03 GMT

    Price 1.8245

    Resistance: 1.8250 ... 1.8270 ... 1.8285 ... 1.8315
    Support....: 1.8210 ... 1.8185 ... 1.8150 ... 1.8130

    Bias: Mixed - waiting for breaks

    Bullish: Price met target perfectly at 1  More...    More...



    Weaker Durable Goods Orders Sends Dollar Tanking
    DailyFX.com Wednesday July 28, 2004 - 20:24:01 GMT

    DailyFX Fundamental Forex Report 07-28-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    -Weaker Durable Goods Orders Sends Dollar Tanking
    -Fed Beige Book Shows Slowing Growth
    -Oil Prices Surge To 21 Year Highs in NY As Yukos Id Forced To Halt Output

    EURUSD

    Softer US data and surging oil prices have helped prevent further losses in the euro  More...    More...



    Forex Market Commentary and Analysis (28 July 2004)
    GCI Financial Wednesday July 28, 2004 - 14:53:31 GMT



    The euro continued its slide vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2000 figure, its first flirtation with this psychologically-important level since June. The pair briefly moved back to the $1  More...    More...



    FX Thoughts - Evening - 28/07/04.......1201 GMT
    FX Thoughts for the Day Wednesday July 28, 2004 - 12:20:30 GMT

    Euro @ 1.2039/42...Target 1.1970 is nearby
    ------------------------------------------
    R: 1.2084 / 1.2109-24 / 1.2144
    S: 1.2000 / 1.1959-51 / 1.1884
    In the fall to 1.2007 today, the Euro has just tentatively crossed a long-term Trend Support on the Weekly Candles, coming up from the Mar-Apr 20002 low region  More...    More...



    US OPEN MARKET POINTS 07-28-04
    DailyFX.com Wednesday July 28, 2004 - 10:42:07 GMT

    Coming Closer to Value

    Two days ago we asked, “Is the pain for USD bears over?” and answered “Not yet.” Our caution was well warranted as yesterday both the euro and the pound collapsed from better then expected Consumer Confidence numbers (106  More...    More...



    Dollar sensitive to US data
    INVESTICA Ltd Wednesday July 28, 2004 - 09:47:41 GMT

    The dollar will be supported by optimism over the US data and growth prospects. The price action yesterday also suggests that there are still short dollar positions to be covered. The US currency will, however, be vulnerable if the data today is weak and longer-term structural weaknesses will persist  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 28th July 2004
    FX-Strategy Wednesday July 28, 2004 - 01:16:24 GMT

    Price 110.80

    Resistance: 111.10 ... 111.35 ... 111.50 ... 111.70
    Support....: 110.75 ... 110.35 ... 110.10 ... 109.70

    Bias: Bullish to 111.30-50 before a stronger pullback

    Bullish: The triangle structure mapped out perfectly yesterday and has generated the expected rally  More...    More...



    DailyFX Forex Fundamental Report 07-27-04
    DailyFX.com Tuesday July 27, 2004 - 21:07:43 GMT

    DailyFX Forex Fundamental Report 07-27-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar Soars On Strong Confidence Report
    · German IFO Rises For First Time in 3 Months
    · Italian Business Confidence Improves

    EURUSD

    The market is focused on one thing today, which is confidence and sentiment  More...    More...



    DOLLAR EXPLODES ON U.S. DATA
    Forex.com Tuesday July 27, 2004 - 18:40:34 GMT

    Overnight the Munich-based IFO institute said its confidence index, based on a survey of 7,000 executives, rose to 95.6 from the expected 95.0. IFO's sub-indexes measuring executives' assessment of current business conditions and their six-month business expectations also rose  More...    More...


    Forex Market Commentary and Analysis (27 July 2004)
    GCI Financial Tuesday July 27, 2004 - 15:02:22 GMT



    The euro erased much of its intraday gains vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2190 level before moving back below the $1.2150 level during North American dealing. Bids for the common currency emerged around the $1  More...    More...



    FX Thoughts - Evening - 27/07/04.......1200 GMT
    FX Thoughts for the Day Tuesday July 27, 2004 - 12:16:49 GMT

    DATA TODAY
    ----------
    14:00 GMT...US July Cons Conf...Exp 102...Prev 93.1
    14:00 GMT...US June New Home Sales...Exp 1.28 mln...Prev 1.37Mln

    Euro @ 1.2168/71...Sideways? Or up? Indecisive
    ----------------------------------------------
    R: 1  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday July 27, 2004 - 12:15:48 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7272004)

    The dollar edged lower on Monday but achieved little else expect for consolidating further within Thursday’s boundaries  More...    More...



    US OPEN MARKET POINTS 07-27-04
    DailyFX.com Tuesday July 27, 2004 - 11:08:25 GMT

    In what started out as one of the more listless European sessions in recent memory the majors remained moribund in early trading as dealers focused more on option related price maneuvering rather then any new economic data. However, once the IFO Industrial Survey of German Business Confidence reported a mild surprise to the upside (95  More...    More...


    Yen needs Nikkei rebound
    INVESTICA Ltd Tuesday July 27, 2004 - 10:06:43 GMT

    The Yen will continue to be hampered by the Nikkei index decline, especially with further unease over the technology sector. Optimism over the economy is also liable to fade slightly. The dollar will, however, still find it difficult to make much progress  More...    More...


    EUR/JPY set for further fall towards 131 today.
    Saxo Bank Tuesday July 27, 2004 - 04:53:49 GMT

    27 July, 04:53 GMT - EUR/JPY: 133.40

    A head and shoulders formation is easily visible on the EUR/JPY chart, with the top of the head coming in at the recent high of 135.80 and the neckline at around 133.50. That neckline was broken yesterday, and EUR/JPY, with the weak EUR and a possible positive tendency in the stock market today (JPY positive), could be set for lower levels still  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 27th July 2004
    FX-Strategy Tuesday July 27, 2004 - 00:51:09 GMT

    Price 110.05

    Resistance: 110.30 ... 110.65 ... 110.90 ... 111.25
    Support....: 109.80 ... 109.55 ... 109.25 ... 108.90

    Bias: Bullish to 111.25-45 before a pullback

    Bullish: The structure certainly looks to have taken the form of a triangle and we feel that this may well have completed this morning at 108  More...    More...



    Majors Rebound Against Dollar
    DailyFX.com Monday July 26, 2004 - 21:38:42 GMT

    • Dollar Loses Ground Against Majors
    • Fed Gov. Hoenig Reiterates Last Week’s Comments
    • Yen Slacks With Contracting Department Store Sales


    EURUSD
    The euro recovered against the dollar after hitting last week’s July low at 1  More...    More...



    NEUTRAL DOLLAR
    Forex.com Monday July 26, 2004 - 18:25:40 GMT

    The dollar traded quietly in a typical “summertime” fashion as traders brace for tomorrow’s important data releases (German Ifo, US Consumer Confidence). EUR/USD drifted between 1.2125 and 1.2165 as a 1.2150 expiry dominated the day’s trading activity. In other muted action, USD/CHF rose from 1  More...    More...


    Forex Market News and Commentary (26 July 2004)
    GCI Financial Monday July 26, 2004 - 14:44:18 GMT



    The euro gained ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2170 level after battling higher from the $1.2090 figure. The greenback is unwinding some of last week’s solid gains earned in response to remarks made by Fed Chairman Greenspan  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Monday July 26, 2004 - 14:10:53 GMT

    Daily Forex Market Commentary Monday, July 26, 2004 8:00 GMT
    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7262004)


    The dollar suffered from further consolidation on Friday only against the yen, as it rallied sharply versus the European currencies  More...    More...



    FX Thoughts - Evening - 26/07/04.......1129 GMT
    FX Thoughts for the Day Monday July 26, 2004 - 13:32:54 GMT

    Euro @ 1.2154/7....Holding Short
    ---------------------------------
    R: 1.2166 / 1.2203-19 / 1.2264-86
    S: 1.2154 / 1.2124 / 1.2048
    The market played a bit of a googly in the morning, triggering our Sell Order at 1.2118 and then rising to 1  More...    More...



    US OPEN MARKET POINTS 07-26-04
    DailyFX.com Monday July 26, 2004 - 10:56:28 GMT

    Dollar Bears: Crying Uncle Yet?

    Dollars furious surge against the majors last week decimated the profits of many USD shorts. In absence of any important eco data, dealers aided by Alan Greenspan’s cheery testimony, ran stops all the way to the 2100 handle  More...    More...



    Dollar looks for growth evidence
    INVESTICA Ltd Monday July 26, 2004 - 10:00:19 GMT

    The Euro will continue to be shaken by the sharp losses last week and this will inevitably deter Euro buying with near-term resistance around 1.22. The US dollar will, however, now need to see underlying buying interest to rally further and this will be a difficult proposition with medium-term depreciation still likely  More...    More...


    EURO and GBP are expected to spike up after lower level consolidation and reverse ......
    I-Knowindices Monday July 26, 2004 - 03:29:43 GMT

    This week 26-30 Jul: EURO and GBP are expected to spike up after the lower level consolidation to trap the lower level short sellers....that will lead to middle level consolidation....... after the false rise they will again correct .........in this process USD is expected to gain further in this week before the next trend reversal   More...    More...


    Forex: Daily Forecast for the Euro vs U.S. Dollar 26th July 2004
    FX-Strategy Sunday July 25, 2004 - 14:02:21 GMT

    Price 1.2100

    Resistance: 1.2115 ... 1.2130 ... 1.2150 ... 1.2190
    Support....: 1.2095 ... 1.2070 ... 1.2040 ... 1.2020

    Bias: An dip to 1.2065-75 in early trading before a recovery

    Bullish: Price has declined to our ideal support area around 1  More...    More...



    Can the dollar rally be sustained
    INVESTICA Ltd Saturday July 24, 2004 - 10:11:12 GMT

    The dollar's immediate prospects have been improved significantly by Greenspan's relatively tough testimony as there will be a further covering of short dollar positions. The US currency will find it more difficult to secure strong buying interest even with the prospect of a gradual monetary tightening  More...    More...


    aASIA OPEN - Forex Market Briefs for July 26, 2004 - IFR Forex Watch
    FX MarketLeaders Saturday July 24, 2004 - 00:23:35 GMT

    [Market Briefs] July 26th, 2004
    * Italy Cuts 2005 Budget EUR24Bln, Deficit to 2.7% of GDP from 4.4%
    * Fed's Moscow: Very Low Rates no Longer 'Appropriate', If needed, Fed will
    Move More Aggressively
    * Mexican Central Bank Tightens Monetary Policy

    [Date GMT Release Per EST/ACT Prev Median Range ]
    26Jul 01:30 AUD PPI-final goods Q/Q Q-2 0  More...    More...



    Forex Market Commentary and Analysis
    GCI Financial Friday July 23, 2004 - 15:21:17 GMT



    The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2155 level after encountering resistance around the $1.2265 level during Australasian dealing. Decent stops were triggered below the $1  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 23, 2004 - IFR Forex Watch
    FX MarketLeaders Friday July 23, 2004 - 12:48:41 GMT

    [Friday July 22, 11:00 GMT]
    [Market Briefs]
    * French June EU-Norm confirmed at CPI +0.1% m/m, +2.7% y/y
    * German June Import Prices -0.6% m/m, +2.0% y/y vs prev +0.7% m/m, +2.5% y/y
    * Italy May Retail Sales -0.6% seas adj m/m, -3  More...    More...



    FX Thoughts - Evening - 23/07/04.......1155 GMT
    FX Thoughts for the Day Friday July 23, 2004 - 12:09:40 GMT

    Euro @ 1.2178/81...Watch 1.2190-60
    --------------------------------------
    R: 1.2220 / 1.2246-53 / 1.2278-99
    S: 1.2158-48 / 1.2110
    The "System" (that said Sell in the morning) is winning so far. Now, if Trend Support at 1.2190-60 breaks, the Euro will target 1  More...    More...



    Forex - US OPEN MARKET POINTS 07-23-04
    DailyFX.com Friday July 23, 2004 - 11:42:03 GMT

    Death of the Carry Trade?

    In today’s note Thompson’s John Noonan writes, “There was large liquidation of currency carry trades on Tuesday and
    Wednesday after Greenspan’s more hawkish than expected testimony. A large amount of carry trades that were liquidated were only put on in the past few weeks after it appeared that the Fed was going to be "measured" at this end of the tightening cycle  More...    More...



    GDP data supports Sterling
    INVESTICA Ltd Friday July 23, 2004 - 09:26:30 GMT

    Expectations of an August rate increase will persist after the GDP figures and this should boost Sterling. Uncertainty over Euro/dollar trends may also offer Sterling support. Longer-term fears will persist, but Sterling should remain firm in the short term  More...    More...


    Buy USD/CHF around 1.2500 for another surge higher
    Saxo Bank Friday July 23, 2004 - 05:48:53 GMT

    23 July - 05:49 GMT, USD/CHF: 1.2499

    The USD strength looks set to continue today, as US interest rates may begin to tick up again. USD/CHF has seen a significant rally from what appears to be a very solid base down in the 1.2200 area. That rally may have at least one more surge towards the 1  More...    More...



    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 23rd July 2004
    FX-Strategy Friday July 23, 2004 - 01:05:47 GMT

    Price 109.75

    Resistance: 109.95 ... 110.30 ... 110.60 ... 110.90
    Support....: 109.60 ... 109.25 ... 108.90 ... 108.60

    Bias: Bullish to 110.65-95 before a further pullback

    Bullish: Although 109  More...    More...



    Dollar Pushed And Pulled By Mixed Data
    DailyFX.com Thursday July 22, 2004 - 21:17:59 GMT

    • Dollar Jumps and Ducks From Jobless Claims and Leading Indicators
    • UK Retail Sales Nearly Quadruples Estimates; 1.1% vs. 0.4%
    • Japanese Imports Grow As Manufacturers Boost Machinery Purchases


    EURUSD
    The euro traded in a modest 60 pip range today with the dollar compared to yesterday’s sharp dollar rally  More...    More...



    ASIA OPEN - Forex Market Briefs for July 23, 2004 - IFR Forex Watch
    FX MarketLeaders Thursday July 22, 2004 - 20:44:48 GMT

    [Market Briefs] July 23rd, 2004
    * US Jobless Claims -11K To 339K in July 17 Week v. expectations of +6K
    * Chicago Fed June National Activity Index 0.00; +0.75 in May
    * US Conference Board June Leading Index -0.2%
    * BOC: Keeps 2004 GDP Forecasts at 2  More...    More...



    DOLLAR REMAINS FIRM
    Forex.com Thursday July 22, 2004 - 19:59:06 GMT

    The U.S. dollar was firmer initially this morning when initial jobless claims came in better then expected. Economists were expecting 345k while the actual figure came in at 339k. The DXY made a move up to 88.60 on this news before coming off. We then saw the release of the Conferences Boards index of leading U  More...    More...


    Forex Market Commentary and Analysis (22 July 2004)
    GCI Financial Thursday July 22, 2004 - 16:08:45 GMT



    The euro climbed marginally higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2295 level after testing bids around the $1.2230 level. Traders booked some profits today following the U.S. dollar’s recent run-up on the heels of Fed Chairman Greenspan’s less-than-doveish congressional testimony today in which he did not explicitly rule out a 50bps monetary tightening  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Thursday July 22, 2004 - 12:48:29 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7222004)

    The dollar made a massive rally on Wednesday following Fed Chairman Greenspan’s optimistic vie on the US economy and the heightened odds that the pace of hiking rates will accelerate  More...    More...



    FX Thoughts - Evening - 22/07/04.......1207 GMT
    FX Thoughts for the Day Thursday July 22, 2004 - 12:23:22 GMT

    Euro @ 1.2275/80....Take back Sell Order
    ------------------------------------
    R: 1.2272-88 / 1.2298-2325 / 1.2346-59
    S: 1.2257 / 1.2226-00 / 1.2160-54
    Dipped to 1.2232, but has bounced back instead of carrying down further towards 1  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 22, 2004 - IFR Forex Watch
    FX MarketLeaders Thursday July 22, 2004 - 12:11:51 GMT

    [Thursday July 22, 11:00 GMT]
    [Market Briefs]
    * EZ May Trade Surplus 7.3 bln euros vs revised April 7.0 bln euros surplus
    * EZ May Industry Orders -0.3%, +6.8% y/y vs 6.7% y/y in April
    * French June Consumer Spending +4  More...    More...



    Forex: US OPEN MARKET POINTS 07-22-04
    DailyFX.com Thursday July 22, 2004 - 11:09:55 GMT

    Upping the Range?

    In a remarkable display of Fed’s power over the FX market Alan Greenspan’s two day testimony to Congress produced a 400 pip slide in the GBP a 250 drop in the EUR and a 200 pip decline in JPY. The Fed chairman made a forceful case for USD bulls by stating that US economy is strong, inflation is transitory and monetary policy need no longer be accommodative  More...    More...



    Exporter selling supports yen
    INVESTICA Ltd Thursday July 22, 2004 - 09:53:57 GMT

    The more optimistic US currency sentiment will underpin the dollar in the short term. The yen will, however, be protected by the lack of long speculative positions in the currency and there will also be persistent exporter selling at the 110.0 level. Overall, the yen should find good support at the 110  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Japanese Yen 22nd July 2004
    FX-Strategy Thursday July 22, 2004 - 01:35:45 GMT

    Price 109.80

    Resistance: 110.00 ... 110.30 ... 110.65 ... 110.90
    Support....: 109.55 ... 109.35 ... 109.00 ... 108.80

    Bias: We look for 109.55-65 to hold and for further gains to 110.65-90

    Bullish: Break of 109  More...    More...



    Taking Stock Post Greenspan
    Foreign Exchange Analytics Wednesday July 21, 2004 - 23:06:47 GMT

    Taking Stock Post Greenspan

    I do not know anyone who is enjoying this market. It is the mother of all wood chippers. Views and positions regardless of what side of the market(s), invariably end up in the wood chipper, and usually within a few days of asset markets and exchange rates "breaking out"  More...    More...



    ASIA OPEN - Forex Market Briefs for July 22, 2004 - IFR Forex Watch
    FX MarketLeaders Wednesday July 21, 2004 - 21:12:23 GMT

    [Market Briefs] July 21st, 2004
    * Fed's Santomero: Fed Rate Hikes Likely at 'measured' Pace
    * Fed's Greenspan: Expects Fed To Raise Interest Rates Gradually
    * Fed's Ferguson: Recovery From 2001 Recession Firmly On Track
    * Fed's McTeer: Higher Inflation Could Make Fed More Aggressive

    [Date GMT Release Per EST/ACT Prev Median Range ]
    21Jul 23:50 JPY Trade balance Y T Jun 1  More...    More...



    Greenspan Repeats Optimistic Comments; Other Fed Officials Also Bullish
    DailyFX.com Wednesday July 21, 2004 - 19:59:57 GMT

    DailyFX Forex Fundamentals 07-21-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Dollar: Greenspan Repeats Optimistic Comments; Other Fed Officials Also Bullish
    · British Pound: Hawkish Monetary Policy Meeting Minutes
    · Dollar Yen: Cabinet Office Upwardly Revises Growth Forecasts


    EURUSD
    Broad dollar strength helped to send the euro tumbling another 140 pips  More...    More...



    DOLLAR RALLIES ON INTREST RATE SPECULATION
    Forex.com Wednesday July 21, 2004 - 19:50:13 GMT

    The Dollar got a gripping boost today starting with the overnight sell off of Euro and GBP prior to the N.Y. trader’s arrival. GBP/USD started it off with a decision of the MPC (9 to 0) in favor of leaving rates alone in the short term. This brought Euro down with it  More...    More...


    Forex Market News and Commentary (21 July 2004)
    GCI Financial Wednesday July 21, 2004 - 17:10:04 GMT



    The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2265 level after encountering resistance around the $1.2350 level during European dealing. Traders have been selling euros on account of Fed Chairman Greenspan’s congressional testimony yesterday in which he said the U  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Wednesday July 21, 2004 - 15:51:03 GMT

    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7212004)

    The dollar on Tuesday was able to further trim its big losses made on Friday, and this recovery was helped by Fed Chairman Greenspan’s optimistic testimony on the economy and his inference that the tightening cycle might accelerate  More...    More...



    FX Thoughts - Evening - 21/07/04.......1105 GMT
    FX Thoughts for the Day Wednesday July 21, 2004 - 12:39:58 GMT

    Euro @ 1.2293/8...Either 1.2250 or 1.2365
    ---------------------------------------------
    R: 1.2331 / 1.2353-64 / 1.2373-83
    S: 1.2292 / 1.2260 / 1.2231-28
    The Euro ran into selling at 1.2350 itself and could be in the process of dipping into the 1  More...    More...



    Forex: US OPEN MARKET POINTS 07-21-04
    DailyFX.com Wednesday July 21, 2004 - 11:23:52 GMT

    Alan the Bull

    In yesterday’s Senate testimony Alan Greenspan stated that the risks of instituting a more restrictive monetary policy are ``outweighed in our judgment by those that would be associated with maintaining the existing degree of monetary policy accommodation in the current environment  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 21, 2004 - IFR Forex Watch
    FX MarketLeaders Wednesday July 21, 2004 - 11:07:37 GMT

    [Wednesday July 21, 11:00 GMT]
    [Market Briefs]
    * UK BoE MPC Voted 9-0 to keep UK base rates at 4.5% of July 8th.
    * German BDI Industry Group raises 2005 GDP growth forecast to 2% or over
    * Italy July Consumer Confidence up to 100  More...    More...



    Greenspan boosts dollar
    INVESTICA Ltd Wednesday July 21, 2004 - 09:56:14 GMT

    Greenspan's comments have helped create a more balanced view on the US currency. Overall sentiment is, however, still bearish and the bulk of the move has been due to a reduction in long Euro positions rather than strong dollar interest. Nevertheless, it reinforces the fact that long Euro positions offer little immediate value above the 1  More...    More...


    Forex: Daily forecast for the Euro vs U.S. Dollar 21st July 2004
    FX-Strategy Wednesday July 21, 2004 - 01:43:31 GMT

    Price 1.2325

    Resistance: 1.2355 ... 1.2385 ... 1.2400 ... 1.2420
    Support....: 1.2300 ... 1.2265 ... 1.2225 ... 1.2205

    Bias: Initially recovering to 1.2385-00 at least then lower

    Bullish: Break of 1  More...    More...



    Greenspan More Optimistic About Growth
    DailyFX.com Tuesday July 20, 2004 - 21:10:24 GMT

    Daily Forex Fundamentals 07-20-04

    By Kathy Lien, Chief Strategist

    · Greenspan More Optimistic About Growth
    · German ZEW Survey Beats Expectations
    · UK House Prices Slow, But Mortgage Lending Rises
    · Bank of Canada Leaves Rates Unchanged At 2%


    EURUSD - Surprisingly, investor confidence in Germany increased in the month of July  More...    More...



    ASIA OPEN - Forex Market Briefs for Juily 21, 2004 - IFR Forex Watch
    FX MarketLeaders Tuesday July 20, 2004 - 20:45:26 GMT

    [Market Briefs] July 21st, 2004
    * ICSC/UBS Chain Store Sales +0.2% in July 17th Week
    * US June Housing Starts -8.5% to 1.802 Mln v. 1.2% Expected
    * Building Permits -8.2% to 1.924 mln Rate in June v. 2.05 mln expected
    * Canada May Wholesale Trade +0  More...    More...



    MARKET AWAITS GREENSPAN TESTIMONY
    Forex.com Tuesday July 20, 2004 - 17:57:51 GMT

    The Dollar gained overnight on profit taking and position adjusting into the European session. Euro again failed to make any further gains after bumping up against resistance around 1.2450/60 EUR/USD fell below 1.2400 triggering stops to the downside despite an improved German ZEW  More...    More...


    Forex Market News and Analysis (20 July 2004)
    GCI Financial Tuesday July 20, 2004 - 13:48:50 GMT



    The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2360 level after encountering offers around the $1.2455 level. Many traders are sidelined ahead of this afternoon’s congressional testimony by Fed Chairman Greenspan  More...    More...



    Daily Forex Commentary by Global Forex Trading
    GFT Tuesday July 20, 2004 - 12:58:35 GMT

    Daily Forex Market Commentary Tuesday, July 20, 2004 8:00 GMT
    Daily Commentary By Cornelius Luca, forex analyst, Global Forex Trading
    (source: http://www.gftforex.com/resources/daily.asp?date=7202004)

    The dollar trotted in place on Monday versus the European currencies but sank deeper against the yen  More...    More...



    Dollar: FX Thoughts - Evening - 20/07/04.......1224 GMT
    FX Thoughts for the Day Tuesday July 20, 2004 - 12:35:52 GMT

    Euro @ 1.2382/5....Needs to retreat?
    -------------------------------------
    R: 1.2395-2415 / 1.2433-40 / 1.2505
    S: 1.2370-68 / 1.2348-36 / 1.2285-71
    The fall below 1.2400 is disconcerting. The Euro has been running into sales in the 1  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 20, 2004 - IFR Forex Watch
    FX MarketLeaders Tuesday July 20, 2004 - 11:04:20 GMT

    [Tuesday July 20, 11:00 GMT]
    [Market Briefs]
    * ZEW July German Expectations Indicator at 48.4 pts vs 47.4 in June
    * German May construction orders down 11.3% y/y
    * French May prelim Current Account Deficit 0.7 bln euros
    * UK June PSNCR 10  More...    More...



    Dollar: Caution ahead of Greenspan
    INVESTICA Ltd Tuesday July 20, 2004 - 09:51:24 GMT

    The dollar's immediate direction will be set by Greenspan. His tone may offer some slight support to the US currency, but is unlikely to be strong enough to dispel overall bearish sentiment. The scene should be set for a tough battle around the 1.25 level  More...    More...


    Greenspan To Stress June A Blip
    Foreign Exchange Analytics Tuesday July 20, 2004 - 00:54:14 GMT

    Greenspan To Stress June A Blip

    When the Fed began its "long march" of measured rate hikes in late June, it surely was not anticipating an unequivocally weak set of data for the month of June. And while it claimed the rise in inflation through May was likely transitory, it did not expect June CPI to moderate much  More...    More...



    ASIA OPEN - Foex Market Briefs for July 20, 2004 - IFR Forex Watch
    FX MarketLeaders Tuesday July 20, 2004 - 00:44:53 GMT


    [Market Briefs] July 20th, 2004
    * Foreigners Bought C$1.32 Bln Of Canadian Securities in May
    * Canadians Bought C$3.52 Bln of Foreign Securities In May
    * US NAHB Housing Index 67 in July v. 68 in June
    * Fed's Stern: Sees GDP Growth Continuing at 4%+ Pace
    * Fed's Minehan: Recent US Inflation Rise Likely Temporary

    [Date GMT Release Per EST/ACT Prev Median Range ]
    No Major Economic Releases
    [Events]
    AUD 01:30 NAB Quarterly Business Survey for Q2
    JPY 04:00 Japan 15-yr Floating Rate Bond Auction Results


    [ASIA OPEN]
    [IFR Forex Watch]






        More...



    Forex: Daily Forecast for the Euro vs U.S. Dollar July 20th 2004
    FX-Strategy Monday July 19, 2004 - 23:12:47 GMT

    Price 1.2440

    Resistance: 1.2445 ... 1.2460 ... 1.2500 ... 1.2520
    Support....: 1.2425 ... 1.2400 ... 1.2375 ... 1.2340

    Bias: Cautiously holding above 1.2375 to reach the 1.2530-50 target

    Bullish: Price failed to see any further highs yesterday and has dipped below the 1  More...    More...



    Market Awaits Greenspan Semiannual Testimony On Economy
    DailyFX.com Monday July 19, 2004 - 20:48:46 GMT

    DailyFX Forex Fundamentals 07-19-04

    By Kathy Lien, Chief Strategist of www.dailyfx.com

    · Stronger Eurozone Industrial Production
    · Market Awaits Greenspan Semiannual Testimony On Economy
    · Bank of Canada Expected To Keep Rates Unchanged, But More Hawkish Commentary

    EURUSD

    There was quiet trading in the euro today after Friday’s strong rally  More...    More...



    Forex Market News and Commentary (19 July 2004)
    GCI Financial Monday July 19, 2004 - 15:55:44 GMT



    The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2400 figure after encountering offers around the $1.2460 level. Many traders are sidelined ahead of Fed Chairman Greenspan’s testimony tomorrow and Wednesday  More...    More...



    Sell USD/JPY here for a go at 105.60
    Saxo Bank Monday July 19, 2004 - 13:12:10 GMT

    19 June, 13:12 GMT - USD/JPY: 108.18

    USD/JPY is on the move after the surprisingly mild inflation data last week and could make significant further progress to the downside before any signs of support materialize. A break to the downside through the weakly uptrending channel (current lower bound around 107  More...    More...



    FX Thoughts - Evening - 19/07/04.......1222 GMT
    FX Thoughts for the Day Monday July 19, 2004 - 12:37:02 GMT

    Euro @ 1.2401/4....Range 1.2370-2470
    -------------------------------------
    R: 1.2446 / 1.2470 / 1.2520 / 1.2542-68
    S: 1.2413-2392 / 1.2374 / 1.2354-51
    Dipped into the 1.2410-1.2395 region as expected. Decent Support at 1.2370. Expect the market to consolidate between 1  More...    More...



    Fixed Income Trading Strategies - July 19th 2004
    Saxo Bank Monday July 19, 2004 - 11:30:17 GMT

    Sept Bund extends the rally to 114.50 - 114.60; Sept Bobl reaches for 111.50 - 111.60 -- bullmarket close to a swing point

    Fed fund futures prices advanced sharply Friday, as inflationary fears wane. Current price continue to anticipate that the Fed will raise its target rate by 25 bp following the August 10 FOMC meeting  More...    More...



    Equity Trading Strategies - July 19th 2004
    Saxo Bank Monday July 19, 2004 - 11:28:27 GMT

    DAX may further dip to 3800; FTSE 100 may fall further to 4300 -- new bull phase for both initiates thereafter

    Fewer U.S. companies raised earnings forecasts for 2Q than for 1Q of the year. The decrease signals that stocks are vulnerable in coming weeks as Wall Street sees the peak of profit growth is past  More...    More...



    Forex Trading Strategies - July 19th 2004
    Saxo Bank Monday July 19, 2004 - 11:26:16 GMT

    AUD/USD leads the charge vs the greenback, focuses at .7500 next; NZD/USD should rally further to .6750

    Australian dollar rose to an 11-week high on expectation the nation's bond yields will hold above those in the U.S. after a report showed slower-than-expected inflation in the world's biggest economy  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 19, 2004 - IFR Forex Wacth
    FX MarketLeaders Monday July 19, 2004 - 11:07:09 GMT

    [Monday July 19, 11:00 GMT]
    [Market Briefs]
    * EZ May Industrial Production +0.7% m/m, +3.9% y/y
    * EZ April Industrial Output revised to +0.3% m/m
    * German June PPI -0.1% m/m, +1.5% y/y
    * German CLEMENT: expect German GDP growth of between 1  More...    More...



    Forex: US OPEN MARKET POINTS 07-18-04
    DailyFX.com Monday July 19, 2004 - 11:04:31 GMT

    Business Optimism Vs. Consumer Pessimism

    So much for range trading. Friday’s CPI reported a predictably low number and initially the market produced little reaction. But ½ hour later the disappointing TIC data ($56Bn Vs. 76Bn in April) knocked the dollar for 70 pips against the EUR 70 pips against the JPY and over 100 pips against GBP in a matter of minutes  More...    More...



    Aggressive Sterling positioning
    INVESTICA Ltd Monday July 19, 2004 - 09:36:14 GMT

    There will be further short-term interest in high-yield currencies which will underpin Sterling. Speculative positioning is, however, now extreme leaving Sterling vulnerable to a sharp correction, especially on any signs housing prices have peaked. Long Sterling positions are, therefore, very dangerous at current levels even with a possible test of 1  More...    More...


    Dollar: week end market volatility and spike confused many - they are off loading strategies of the big players
    I-Knowindices Monday July 19, 2004 - 06:47:40 GMT

    When ever the spikes happen in the market understand that the big players wanted to exit quickly from their holding positions by doing pump and dump moves...they use the news or data release as trigger...they know well the traders have short memory and use different story to trap again  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 19th July 2004
    FX-Strategy Sunday July 18, 2004 - 14:12:09 GMT

    Price 1.2240

    Resistance: 1.2260 ... 1.2275 ... 1.2290 ... 1.2330
    Support....: 1.2225 ... 1.2202 ... 1.2180 ... 1.2160

    Bias: While holding below 1.2260-90 bearish to 1.2160-80 before higher

    Bullish: No test of the 1  More...    More...



    Weak inflows undermine dollar
    INVESTICA Ltd Saturday July 17, 2004 - 12:38:54 GMT

    There will be further doubts over the US economy in the short term. With inflation data also moderating, expectations of a slow Fed monetary tightening will remain intact unless Fed Chairman Greenspan signals a policy shift this week. The overall implications of a slow rise in interest rates are likely to be mildly dollar negative, particularly with further interest in high-yield currencies  More...    More...


    Dollar Sinks From Easing Inflation Worries
    DailyFX.com Friday July 16, 2004 - 21:43:00 GMT

    • US Core CPI Report Eases Fear of Inflation
    • US Current Account Deficit Suggests Further Dollar Weakness
    • Yen Gains Strength With Slower Chinese GDP Growth


    EURUSD
    The dollar traded down against most other currencies in anticipation of the U  More...    More...



    ASIAN OPEN - Forex Market Briefs for July 19, 2004 - IFR Forex Watch
    FX MarketLeaders Friday July 16, 2004 - 20:08:43 GMT

    [Market Briefs] July 19th, 2004
    * US June CPI +0.3% v. 0.2% Expected, Ex-Food & Energy +0.1% v. 0.2% Expected
    * US June Real Average Weekly Earnings -0.8%
    * Net Foreign Buys Of US Securities at $56.4 Bln in May v. $76.0 Bln In April
    * University Of Michigan Mid-July Sentiment 96  More...    More...



    Forex: GREENBACK CAVES IN ON DATA
    Forex.com Friday July 16, 2004 - 18:29:28 GMT

    Last night saw USDJPY rally on the Tokyo opening only to be met with clusters of selling interests by exporters above 110.00. Talks that carmakers are offering since yesterday has thwarted any aggressive up move in this currency pair. On the back of this was a statement by the Fed’s Bies stating “Exchange rate will have to adjust to US current account deficit” putting a damper to any further rise in USD against the JPY  More...    More...


    Forex Market Commentary and Analysis (16 July 2004)
    GCI Financial Friday July 16, 2004 - 14:37:17 GMT



    The euro spiked higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2430 level after jumping one big figure in early North American dealing. Relatively benign U.S. June CPI data that saw the headline figure up +0  More...    More...



    FX Thoughts - Evening - 16/07/04.......1211 GMT
    FX Thoughts for the Day Friday July 16, 2004 - 13:00:04 GMT

    Euro @ 1.2347/50....No trades/ orders
    -------------------------------------
    R: 1.2376-62 / 1.2449 / 1.2568
    S: 1.2328 / 1.2282-73 / 1.2261-40
    While its possible that the Euro is indeed bracing for an upmove, it seems unlikely (at this point of time) that such an upmove will be seen today, for the market may just remain ranged between 1  More...    More...



    Forex: DailyFX US Open Market Brief 07-16-04
    DailyFX.com Friday July 16, 2004 - 11:51:30 GMT

    Caught in the Crosscurrents

    What’s the current state of the US economy? The market seems unsure. Faced with a contradictory combination of lower PPI (–0.3% vs. 0.2% exp), lower Industrial Production (-0.3% vs. 0.1% exp) but markedly higher Empire (36  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 16, 2004 - IFR Forex Watch
    FX MarketLeaders Friday July 16, 2004 - 11:32:15 GMT

    [Friday July 16, 11:00 GMT]
    [Market Briefs]
    * EZ June Consumer Prices unchanged m/m, confirmed +2.4% y/y
    * Swiss June Producer, Import Price Index +1.5% y/y
    * Dutch May Consumer Spending -2.7% y/y after revised +0.4% in April
    * Japan's MTFG, UFI say agree to work towards merger - Reuters

    [Outlook] [Release] [Period] [Expected] [Previous] [Range]
    13:30 U  More...    More...



    US inflation remains in focus
    INVESTICA Ltd Friday July 16, 2004 - 09:28:07 GMT

    The US consumer price report will be important today volatility will be a threat, especially as trading winds down ahead of the weekend, but expectations of a measured Fed tightening will probably persist unless the data is very strong. This is likely to maintain a gradual downward bias for the US currency  More...    More...


    Forex: Daily Forecast for the U.S. Dollar vs Swiss Franc 16th July 2004
    FX-Strategy Friday July 16, 2004 - 01:29:55 GMT

    Price 1.2375

    Resistance: 1.2410 ... 1.2425 ... 1.2445 ... 1.2465
    Support....: 1.2360 ... 1.2320 ... 1.2300 ... 1.2280

    Bias: Cautiously higher to 1.2445 before correcting lower again

    Bullish: We are rather disappointed with the lack of follow-through on the break of 1  More...    More...



    ASIA OPEN - Forex Market Briefs for July 16th, 2004 - IFR Forex Watch
    FX MarketLeaders Thursday July 15, 2004 - 23:00:37 GMT

    [Market Briefs] July 16th, 2004

    * US Jobless Claims +40K to 349K July 10 Week v. +35K Expected
    * US June PPI -0.3% v. 0.1% Expected, Ex-Food & Energy +0.2%
    * US May Business Inventories +0.4% v. 0.6% Expected
    * Empire State July Mfg Index 36  More...    More...



    MOMENTUM DRIVING THE GREENBACK
    Forex.com Thursday July 15, 2004 - 19:09:53 GMT

    The dollar posted steady gains against all of its G-7 counterparts behind a strong Philly Fed reading. EUR/USD knifed from 1.2380 to 1.2325 while USD/JPY rose from 109.05 to 109.99. Meanwhile, GBP/USD came within an earshot of breaking through the key 1  More...    More...


    Forex Market Commentary and Analysis (15 July 2004)
    GCI Financial Thursday July 15, 2004 - 15:00:43 GMT



    The euro lost marginal ground vis-à-vis the U.S. dollar today and trading was volatile early in the North American session. Many U.S. economic data were released today including the June producer price index that saw the headline number off 0  More...    More...



    FX Thoughts - Evening - 15/07/04.......1201 GMT
    FX Thoughts for the Day Thursday July 15, 2004 - 12:19:10 GMT

    Euro @ 1.2374/7....Technically Bullish. Watching
    ------------------------------------------------
    R: 1.2367-75 / 1.2448 / 1.2541
    S: 1.2359 / 1.2309-07 / 1.2282-65
    After dipping to 1.2330 in the morning, the EURUSD has moved up again to 1  More...    More...



    NORTH AMERICAN OPEN - Forex Market Briefs for July 15, 2004 - IFR Forex Watch
    FX MarketLeaders Thursday July 15, 2004 - 11:13:14 GMT

    [Thursday July 15, 11:00 GMT]
    [Market Briefs]
    * EZ Q3 GDP Forecast cut to between +0.3% and +0.7% q/q
    * Bank of France Survey UPS Q2 GDP forecast to 0.6%, Q3 at 0.6%
    * Spain April Current Account Deficit 2.4 bln euros
    * BCC Q2 Mfg Home Sales Balance +21, from +19 in Q1

    [Outlook] [Release] [Period] [Expected] [Previous] [Range]
    13:30 U  More...    More...



    Forex: US OPEN MARKET POINTS 07-15-04
    DailyFX.com Thursday July 15, 2004 - 11:06:51 GMT

    A Torrent of Data

    Lackluster trading prevailed throughout the Asian and European sessions with the majors bouncing in 40-60 pip ranges and USD finally showing some support from dealers. Even solidly bullish data for GBP and JPY like yesterday’s UK employment report (2  More...    More...



    US inflation in focus
    INVESTICA Ltd Thursday July 15, 2004 - 09:48:59 GMT

    Unless the US inflation figures are strong, the dollar still looks vulnerable in the medium term due to fears of a growth slowdown allied with underlying structural weaknesses. The Euro is likely to hit near-term resistance at 1.2420 and a period of range trading appears the most likely outcome for now with the Euro needing further consolidation of July's gains  More...    More...