Yeah may be, but we can not presume 100%...

daily analysis, mid-and long-term outlook

EUR/GBP (0.7472): DAILY CHARTS: New Long Term high, with correction from .7614 having sent the pair back towards broken channel top off Sept 2007 (see graph). 1st Support at .7440 (reaction low hourly), with next levels at .7397/ .7389 (current ...

daily analysis, mid-and long-term outlook

EUR/GBP: sterling rally short-lived? After a correction last week, the sterling rebound halted on Friday last week, after a poor UK retail sales report. Despite the turmoil on global markets the EUR/GBP pair this week traded in a remarkably stable ...

daily analysis, mid-and long-term outlook

EUR/JPY (156.40): DAILY CHARTS: The drop from 167.65/ .73 sent the pair below the neckline of a Medium Term Double Top (158.70: see graph). 1st Resistance at 157.94 (breakdown daily Jan 15), with next levels at 158.70 (see above), ahead of 159.90 ...

daily analysis, mid-and long-term outlook

USD/JPY (106.65): DAILY CHARTS: New reaction low and currently back below key Support area of 108.96 (2006 low + see graph: neckline of a Long Term Double Top). Resistance area at 108.47/108.61 (breakdown weekly/ daily), with next levels at 109.86 ...

daily analysis, mid-and long-term outlook

USD/JPY: yen disappoints The turmoil on global markets again caused strong demand for safe haven assets and in the currency markets the yen is still one of the favourite targets for traders and investors looking for shelter. However, compared to the ...

daily analysis, mid-and long-term outlook

The technical Analyst's Tribune: EUR/USD (1.4667): DAILY CHARTS: Correction from 1.4968 has put the pair below the channel bottom off August 2007 low (see graph). 1st Support area at 1.4516 (weekly Bollinger midline), with next levels at 1.4420 ...

daily analysis, mid-and long-term outlook

The Good and The Bad US Good News Decline in initial claims to a very low 301K may be distorted, as the report is out of line with other indicators and continuing claims rise close to the highs of the cycle. Michigan consumer sentiment unexpectedly ...

daily analysis, mid-and long-term outlook

FX Briefing Highlights Recession fears (and possibly SocGen sales) cause stocks to plummet Fed cuts interest rate by 75bp, further step likely on Tuesday ECB refuses to cut interest rates for the time being, but growth risks are increasingFed Takes ...

daily analysis, mid-and long-term outlook

BOJ) Monthly Report of Recent Economic and Financial Developments January 2008 (The Bank's View) English translation prepared by the Bank's staff based on the Japanese original) 1 This report is based on data and information available at the time of ...

daily analysis, mid-and long-term outlook

Bank of Japan (BOJ) Overnight Call Rate: 0.50% Last Change: Feb-21 (+25bp) Next Decision: Feb-16 Governor: Toshihiko Fukui URL: http://www.boj.or.jp/

daily analysis, mid-and long-term outlook

Currency Crosses: Euro Commodity Crosses Offer Clear Trade Setups EURAUD Commentary - We still favor a EURAUD deeper correction. We favor a deeper correction because wave 5 of the 1.5491-1.7159 rally was extended, and extended 5ths are often fully ...

daily analysis, mid-and long-term outlook

A DEEPER LOOK INTO THE CHANGES THIS WEEK: Extreme volatility in Mortgage Applications likely reflects the underlying difficulty in obtaining mortgage credit. This has coincided with further routs in all relevant housing sales indicators, and the ...

daily analysis, mid-and long-term outlook

U.S. CONSUMER: HOW ARE THEY DOING? Surprisingly positive University of Michigan Consumer Confidence and Initial Jobless Claims numbers temporarily boosted sentiment for the domestic consumer, but outlook clearly remains dim for all spending-linked ...

daily analysis, mid-and long-term outlook

A DEEPER LOOK INTO THE CHANGES THIS WEEK: The bear market seems to have taken a hold of all the major sectors of the broader equity market. Growing speculation of a looming 'hard landing' for the world's largest economy has weighed on the forecast ...

daily analysis, mid-and long-term outlook

STOCK MARKET: HOW IS IT DOING? The equity bears have come out in full force with fears of a US recession accenting persistent credit market problems and scores of disappointing fourth quarter earnings reports. The benchmark, US stock indexes have ...

daily analysis, mid-and long-term outlook

A DEEPER LOOK INTO THE CHANGES THIS WEEK: Credit markets remain extremely tight as the spread between junk-rated corporate bonds and U.S. Treasuries surged more 8 bps to trade close to 616 bps. Short term interbank lending rates remain well above ...

daily analysis, mid-and long-term outlook

CREDIT MARKET: HOW IS IT DOING? On Tuesday the U.S. Federal Reserve Open Market Committee decided to lower its target for the federal funds rate by 75 basis points to 3.5 percent. Yet, despite the fact that the Federal Reserve has cut the fed funds ...

daily analysis, mid-and long-term outlook

Is the Fed Powerless to Stop a Recession? On Tuesday the U.S. Federal Reserve Open Market Committee decided to lower its target for the federal funds rate by 75 basis points to 3.5 percent. Yet, despite the fact that the Federal Reserve has cut the ...

daily analysis, mid-and long-term outlook