UK Inflation Cools Back to 3.0%, Another Step Closer to...
Recent GBP-weakness has to do with the Bank of England putting QE and basically the idea of monetary stimulus back on the table. This was not a viable option when the inflation rate was above the target of 2.0%. However as Mervyn King mentioned i
Hopes for BoE Easing Build as IMF Pushes Pro-Growth Agenda
Earlier today, the International Monetary Fund joined the chorus in the calls for the Bank of England to provide more stimulus through interest rates cuts and money printing. They also suggested that the government prepare an alternative “Plan B”
NZD/USD Testing Inverted Head and Shoulder Pattern
Like many USD-crosses, the NZD/USD rallied against its recent free-fall during end-of-April through May so far. As it attacks the 0.75 level, the NZD/USD formed an inverted head and shoulder to start 5/21 trading week as seen in the 1H chart. The
GBP/USD Breaks Below Narrow Consolidation Range
During the 5/21 session, the market consolidated as EUR/USD, AUD/USD, NZD/USD and other USD-crosses displayed USD-weakness for 1 session. GBP/USD however held to a narrow range seen in the 1H chart staying below 1.5850 and the 100-hour simple mov
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EUR/CHF Forecast May 22, 2012, Technical Analysis
The EUR/CHF pair had yet another sideways session on Monday as the market still will not attempt to break below the self-proclaimed “floor” in this pair of 1.20 by the Swiss National Bank. This area will certainly invite intervention by the SNB i
AUD/USD Forecast May 22, 2012, Technical Analysis
The AUD/USD pair shot straight up for the session on Monday as the bounce that many had waited for. The pair seems to be finding a lot of support 0.98 levels, and as a result we think this pair could continue higher. A break of the highs on the M
Light Sweet Crude Forecast May 22, 2012, Technical Analysis
The Light Sweet Crude markets had a rally for the Monday session as the oversold conditions brought in value hunters. The recent selloff has been brutal, and the $92 level looks as if it has held for the moment. However, the recent action has bee
Natural Gas Forecast May 22, 2012, Technical Analysis
The natural gas markets fell on Monday as the market started to hit serious resistance. Because of the area that the market finds itself in, we have been holding off on any buying. The trend is still down overall, and the action for the session o
Gold Forecast May 22, 2012, Technical Analysis
The gold markets had a very tight range for the session on Monday. The market has seen a nice pop to the upside, and this suggests that the $1,600 le
USD/CAD Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendations:The USD/CAD is trading at 1.2016 almost at the close of Friday; taking clues from the global Fx markets the pair saw little movement. The day lacked any financial data, news or eco data to move the markets and the p
Natural Gas Fundamental Analysis May 22, 2012, Forecast
Analysis and Recommendations:Natural Gas fell in today’s session to trade at 2.72 down 0.102 as investors last week drove the price upwards and then today dumped the commodity to take profits. Earlier in the day gas tumbled as low as 2.66.


