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Flash: USD now looks less vulnerable than it did before the NFP UBS

posted by Avatar portelo 8 days ago in USD

The general weakness in USD seen after the 25 Jan FOMC is now less justifiable after the strong non-farm payrolls report, according to Shahab Jalinoos, strategist at UBS. "If US employment data remain this strong going forward, ... read more
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GBP/USD Adjusting Strongly Downwards

posted by Avatar portelo 12 days ago in USD, EUR, CAD, AUD made popular 12 days ago

On Friday Pound/Dollar continued climbing with 100 pips. The Cable appreciated from 1.5640 to 1.5745 on Friday, in line with the positive Interbank sentiment at almost +47%, closing the week at 1.5723. Today the British Pound is slightly adjusting, ... read more
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UK Economy Contracts in 4Q, BOE Mixed on More QE GBP/USD Ready to Top Off?

posted by Avatar portelo 17 days ago in USD, GBP made popular 17 days ago

By Nick Nasad The UK economy met expectations and contracted in the fourth quarter. The drop in quarterly terms of 0.2% was a bit more than expected by economists (-0.1%) and did cause the pound to weaken against the US dollar and euro subsequently ... read more
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USD Index Carves Out Higher Low, Sterling Approaching Resistance

posted by Avatar portelo 18 days ago in USD

... we may see the Fed talk up speculation for additional monetary support, but the rate decision could yield a bullish dollar reaction should the group raise its fundamental assessment for the world's largest economy. As the USD finds support around ... read more
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GBP/USD update (17th Jan 2012, 15:00)

posted by Avatar portelo 25 days ago in USD, GBP

However, investors remain wary of UK economic weakness as recent data has pointed to the high risk of a recession. Looking ahead to the rest of the week, UK labour market data tomorrow and retail sales figures on Friday could weigh on the pound further ... read more
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Daily Market Analysis: Currency Report

posted by Avatar portelo 25 days ago in EUR, Commentary made popular 25 days ago

GBP/USD: Tomorrow, the markets will be addressing the S&P downgrade of the European Emergency Fund, this was the other shoe dropping that was heard around the world today. With US markets closed, we should see lots of activity tomorrow. ... read more
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Gold Rebounds, Gains Momentum

posted by Avatar portelo 29 days ago in Commodities

In the long-term chart of gold from a non-USD perspective, we can see that prices are clearly back within the rising trend channel. The pattern here is very similar to what was seen in the middle of 2011 and suggests that a powerful rally without a ... read more
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Euro claws higher but gains seen capped

posted by Avatar portelo 30 days ago in USD, EUR, JPY, GBP, CAD

After two back-to-back interest rate cuts and last month's provision of nearly half a trillion euros in three-year loans, the ECB is seen keeping rates unchanged at a record low 1.0 percent. That leaves Spain's debt auction on Thursday and Italy's bond ... read more
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BNZ daily markets wrap and strategy

posted by Avatar portelo 32 days ago in AUD, NZD

Buoyant stock market sentiment and easing risk aversion saw investors shun "safe-haven" currencies like the USD and JPY in favour of higher-yielding alternatives like the AUD and CAD. USD/CAD skidded below 1.0180 from 1.0240 24 hours earlier, ... read more
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USD/CAD in Throwback After Pushing Above 1.03; 1.04 is Near Triangle Resistance

posted by Avatar portelo 33 days ago in CAD

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Dollar firms in role as safe harbor investment

posted by Avatar portelo 37 days ago in NZD

... AUD/USD down 0.31% to 1.0334 and NZD/USD down 0.02% at 0.7874. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.10% at 80.45. Currency markets are eagerly awaiting unemployment ... read more
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Dollar lower vs. rivals but downside seen limited

posted by Avatar portelo 38 days ago in NZD made popular 38 days ago

In addition, the greenback was weaker against its Canadian, Australian and New Zealand cousins, with USD/CAD tumbling 0.70% to hit 1.0116, AUD/USD rallying 1.07% to hit 1.0342 and NZD/USD advancing 1.08% to hit 0.7867. The Australian dollar was boosted ... read more