Emerging markets In general, we predict that 2008 will be yet another year characterised by good returns in EM. Given our expectations that the US will avoid recession, and that global economic growth will be at the high end, boosted primarily by ...

daily analysis, mid-and long-term outlook

Currency We interpret the most recent high volatility in respect of the US dollar as an indication that the downtrend for the dollar is coming to an end and instead it will be followed by a new pronounced uptrend. This will require a decisive breach ...

daily analysis, mid-and long-term outlook

Strategic Outlook 2008: A Rocky Ride — Interest-rate markets The fear of recession affects the interest-rate markets at the beginning of the year. The longterm yields have fallen over the past six months, yet with interruptions and ...

daily analysis, mid-and long-term outlook

Strategic Outlook 2008: A Rocky Ride — Euro zone Economic growth in the euro zone has fallen gradually since the summer of 2006. The growth rate is already at about 2%, i.e. corresponding to the long-term average. We expect that economic ...

daily analysis, mid-and long-term outlook

Strategic Outlook 2008: A Rocky Ride — The US The US has embarked on what seems to be an uncertain and difficult year with respect to the economy. Particularly H1 will offer challenges and the risk of recession is quite considerable (40%). ...

daily analysis, mid-and long-term outlook

Strategic Outlook 2008: A Rocky Ride — Strategic Outlook 2008: A Rocky Ride Outlook for 2008 Here at the beginning of 2008 the uncertainty about the development in the financial markets has not been higher in several years. This uncertainty ...

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

EUR/USD Medium Term Outlook As a whole, there is no change in the wave count since the last update. The chart shows the movement started from 0.8563 (February 2001). As I wrote many times I think that the previous downtrend ended at this level (with ...

daily analysis, mid-and long-term outlook

Long Term View of the USDJPY Despite the fact that we really believe that the USDJPY will rebound from here in the very short term (from 106 to maybe 110), we found necessary to remind our readers about the long term view in this pair. In fact ...

daily analysis, mid-and long-term outlook

Dollar Yen Approaches 108 As Nikkei Skyrockets, But Danger Ahead in US Talking Points Japanese Yen: Propels to nearly 108 as Nikkei has biggest rise in months Euro: Bid all the way to 4780 but consumer data disappoints British Pound: Trades off the ...

daily analysis, mid-and long-term outlook

EUR/USD's rally from 1.4365 extended further to as high as 1.4778 today before turning sideway. Break of 1.4715 cluster resistance holds (61.8% retracement of 1.4921 to 1.4365 at 1.4709) confirms that fall from 1.4921 has completed. Further rally is ...

daily analysis, mid-and long-term outlook

GBP/USD 25.01.2008 — 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 ...

daily analysis, mid-and long-term outlook

EUR-USD1.4755. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4782 or 1.4896 if support around 1.4708 hold. After which a pullback to 1.4708 - 1.4673 zone is possible. USD-CHF1.0879. A drift to below 1.0838 or ...

daily analysis, mid-and long-term outlook

1/24/2008 - EUR/USD - After having hit an approximate double-top last week (nearing the record high in the currency pair), price on the EUR/USD daily chart, as shown, dropped back down in what looked like the beginnings of a bonafide reversal. But ...

daily analysis, mid-and long-term outlook

Forex Depth Analysis: GBP/USD Sterling may continue the uptrend after U.S. economy fell into a reces The U.S. economy fell into a recession last month and cannot avoid a 'hard landing' because of missteps by Federal Reserve policy makers, according ...

daily analysis, mid-and long-term outlook

FX Technical Commentary Euro 1.4765 Initial support at 1.4588 (Jan 23 low) followed by 1.4507 (61.8% retracement of the 1.4366 to 1.4685 advance). Initial resistance is now located at 1.4790 (Jan 23 high) followed by 1.4859 (61.8% retracement of the ...

daily analysis, mid-and long-term outlook