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Daily Technical Strategist On USDCAD
USDCAD: With s second week of decline seeing USDCAD weakening the past week and seen reversing its Friday recovery gains, further bearishness is expected in the new week.
Forex Weekly Outlook June 17-21
The US dollar fell for a fourth consecutive week. Will Bernanke turn the fate of the greenback? The G8 Meetings, Inflation data in the US and the UK and of couse the FOMC meeting are among the main events coming our way. Here is an outlook on the
Weekly Focus: Markets Rattled by Soft Patch and Central Bank
The Fed meeting gives Ben Bernanke an opportunity to guide market expectations. Markit PMI will provide new data on the extent of the soft patch.
Intraday Forecast: EUR/USD ; USD/JPY ; USD/CHF ; GBP/USD
EUR/USD: No change in EUR/USD's outlook. Further rise could still be seen in EUR/USD. But again, price actions from 1.2746 is viewed as a corrective move only. Strong resistance is expected above 61.8% retracement of 1.3710 to 1.2746 at 1.3342 to
European Session: Orders and Options Watch
EUR: The single currency met renewed selling interest at 1.3375 and has retreated again in European session, bids at 1.3340 were filled but buy orders are still noted at 1.3320 as well as 1.3300, mixtures of bids and stops are located at 1.3270-8
Some Musings on this Week's Volatility ahead of the FOMC
We are rounding off a week where USDJPY rose to a high of 99.30 before crashing to a low of 93.79, the Nikkei fell more than 6% and EURUSD and GBPUSD climbed to their highest level for four months.
EUR Bulls and Bears End Week Licking Wounds
The bulls and bears have all got a whipping of similar magnitude in a brutal week for asset price movement. A week where both the shorts and longs have at one time managed to be squeezed, ending the jobbing opportunities of a few unnerved specula
European Market Update
Sense of calm returns to marketsNotes/Observations
Concerns about the winding down of the US Federal Reserve's bond purchases eased
Stiglitz: Fed Fell into Trap of QE
It looks like we are on for a big whacking bubble to burst and this time it looks like it will hurt for a long time. What’s to blame this time?
It Firm, Healthcare, Oil and Gas rise up, nifty sensex bulli
After a very long time all the sectors works in a green shade with a surge of extremely high points. Bank nifty looks positive as it up around 240.95 points at 11927.70. Today the shares of HDFC bank was opened at 662.00 with a rise of 6.9 points
Daily Forecast: GBP/USD ; GBP/JPY
GBP/USD: No change in GBP/USD's outlook. While further rise might be seen, rebound from 1.4830 is viewed as a corrective pattern only. Hence, we'd expect strong resistance from 1.5783/88 (61.8% retracement of 1.6380 to 1.4830 at 1.5788, 100% proj


