Technical Analysis Daily: GBP/USD — GBP/USD 1.9782 GBP/USD Open 1.9763 High 1.9844 Low 1.9498 Close 1.9737 First and strong resistance for the Cable today is 1.9890. Next is the top from 28 December at 1.2010, followed by 2.0110, where the 500 ...

daily analysis, mid-and long-term outlook

EUR/USD Daily Technical Reports — EUR/USD-strategy is to buy till levels of 1.4850, failure to break this level will be a strong signal to sell the pair Technical Oscillators that supporting the bullish tendency: MACD after a bullish ...

daily analysis, mid-and long-term outlook

EURNZD Commentary - A triangle is unfolding from the September high at 2.0056. Triangles unfold in 5 waves (a-b-c-d-e) and wave d is close to complete. Therefore, expect additional consolidation in wave e (down) before a terminal thrust higher in ...

daily analysis, mid-and long-term outlook

EURCAD Commentary - Last week, we wrote that "a setback is due and support should be strong in the 1.4666/1.4824 zone. This is former congestion and is defended by the 50% of 1.1462-1.5198 at 1.4678." Continue to favor a setback into the ...

daily analysis, mid-and long-term outlook

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 retraced. This is just in front of the 61.8% of 1.5491-1.7159 at ...

daily analysis, mid-and long-term outlook

U.S. economy on the ropes U.S. economic conditions have deteriorated rapidly in recent weeks. Existing home sales in the U.S. fell dramatically in December (-2.2% m/m), capping the biggest yearly slump (-12.8%) on record in more than a generation. ...

daily analysis, mid-and long-term outlook

The Weekly Bottom Line — The recent carnage in equities had the markets crying “uncle” and judging from the Federal Reserve's surprising 75bps interest rate cut earlier in the week, their pleas were heard. In a dramatic and surprising move ...

daily analysis, mid-and long-term outlook

US Market Week Wrap Up Traders were taken for a wild ride this week as markets were roiled by a series of dramatic events, starting with steep falls in European and Asian markets on Monday (US markets were closed for the Martin Luther King holiday), ...

daily analysis, mid-and long-term outlook

This Week's Market Outlook Highlights Roller coaster ride set to continue All eyes on the Fed next week US outlook remains weak, will drag on global growth expectations Stimulus package uncertain at worst, weak at bestRoller coaster ride set to ...

daily analysis, mid-and long-term outlook

USD/JPY Medium Term Outlook The suggestion form June 2007 for a giant terminal impulse started from 101.66 (January 2005) looks the best scenario at the moment. This count is presented on the chart and suggests that the terminal impulse finished at ...

daily analysis, mid-and long-term outlook

USDCHF Declined from 1.1598, 26 Dec 2007 high, to reach 1.0837/39 lows on 16 Jan, ahead of recovery to 1.1125 on 22 Jan. Reversal from there followed, extending losses to 1.0846 on 24 Jan, to nearly fully retrace 1.0837/1.1125 upleg. Fresh rally ...

daily analysis, mid-and long-term outlook

USDJPY Extended downtrend from 114.65, 27 Dec high, to reach 105.00 low on 23 Jan. Recovery attempt from there reached 106.95 initially, interrupted by correction that left a higher low at 105.95, ahead of fresh strength. Break through 106.95, ...

daily analysis, mid-and long-term outlook

GBPUSD Extended downtrend to reach a fresh low at 1.9336, lowest since March 2007, ahead of bounce to 1.9644 on 23 Jan. Correction lower left a higher low at 1.9464, followed by fresh strength through 1.9644/1.9792, extending to 1.9847 today, just ...

daily analysis, mid-and long-term outlook

EURUSD 25.01.2008 — Bounce from 1.4366, 22 Jan low, reached 1.4683 on 23 Jan, ahead of pullback that left a higher low at 1.4511. Fresh strength emerged from there cleared 1.4683 resistance, to reach a fresh high of 1.4779. Correction lower is ...

daily analysis, mid-and long-term outlook

Rising Recession Risk Will See Fed Cut the Funds Rate Aggressively in 2008 The deterioration in financial markets in recent weeks has appreciably increased the risk that the U.S. economy is headed for recession with severe weakness in housing being ...

daily analysis, mid-and long-term outlook

Risk Aversion Eases Immediate demand for the Swiss franc and Japanese yen will remain lower in the short term, although further heavy selling pressure is unlikely at this stage. The Federal Reserve interest rate cut this week, allied with the fiscal ...

daily analysis, mid-and long-term outlook

Daily Technical Strategist — GBPUSD GBP continues to strengthen its current recovery off its Jan 22'08 low at 1.9335 breaking through its solid resistance level at the 1.9653/23 area, its Aug 17'07 high/.50 Ret (1.8091-2.1160 rally)/Jun 08'07 ...

daily analysis, mid-and long-term outlook

Daily Technical Strategist — EURUSD Although the recovery off the 1.4364 low posted on the Jan 22'08 has seen EUR break and close above its key resistance at the 1.4751/52 zone, its Nov 09'07/Dec 11'07 on Thursday, holding above that area is ...

daily analysis, mid-and long-term outlook

Canadian Inflation Slows, Clearing the Way for BoC Rate Cut. Canadian inflation unexpectedly slowed as yearly Core CPI for December printed at 1.5% down from 1.6% and -0.3% on a monthly basis, which were less than forescasts of 1.7% and -0.1% ...

daily analysis, mid-and long-term outlook

FX Thoughts for the Day USD-CHF @ 1.0965/69...Sell a Rally R: 1.0975 / 1.1042 S: 1.0930 / 1.0900 USD-CHF has had sharp rally during the day and the pair is coming near its intraday Resistance of 1.0975, the statistically projected Max High for the ...

daily analysis, mid-and long-term outlook