Forex, equities and futures strategy

Language

 english
Powered by Saxo Bank
Trading commentary
    		Videos
      		Research
        		Economic calendar
          		Financial Glossary
            		About
              		Fx Tools

                  Market Analysis

                  26 January 2010

                  FX Closing Note: Long-legged doji rhymes with uncertainty

                  John J. Hardy, FX Consultant, Saxo Bank

                  Market feels like it has become very emotion as we are perched at key pivot areas for the risk and the USD ahead of tomorrow's Obama speech, the FOMC meeting. USD Index  - a brick wall at the 200-day moving average - or is the greenback a cheetah ready to pounce?
                  TAGS:

                  26 January 2010

                  FX Update: Renewed Chinese tightening keeps risk appetite at bay

                  John J. Hardy, FX Consultant, Saxo Bank

                  Chinese banks are cracking down hard on lending activity. This sent Chinese stocks to a new multi-month low and soured risk appetite elsewhere. The pound is on the defensive after yet another ugly GDP reading. Is it time for a EURGBP rally?
                  TAGS:

                  26 January 2010

                  FX Update: Further increases in China banks’ reserve ratios puts risk on the ropes

                  Andrew Robinson, FX Analyst, Saxo Capital Markets

                  Currency markets were mostly range-bound overnight though with pockets of action throughout the day. The only data release in Europe – German consumer confidence – gave the EUR a temporary lift as it beat forecasts (+3.2 versus 3.1 expected) while talk that the Greek debt auction was experiencing high demand also provided impetus. Results suggest the issue was more than 3x over-subscribed though Greece had to pay a premium over last time while strong demand from official European sources took some of the shine off the mood.
                  TAGS:

                  Recent articles

                  • FX Closing Note: Long-legged doji rhymes with uncertainty
                    Market feels like it has become very emotion as we are perched at key pivot areas for the risk and the USD ahead of tomorrow's Obama speech, the FOMC meeting. USD Index  - a brick wall at the 200-day moving average - or is the greenback a cheetah ready to pounce?
                  • FX Update: Renewed Chinese tightening keeps risk appetite at bay
                    Chinese banks are cracking down hard on lending activity. This sent Chinese stocks to a new multi-month low and soured risk appetite elsewhere. The pound is on the defensive after yet another ugly GDP reading. Is it time for a EURGBP rally?
                  • FX Update: Further increases in China banks’ reserve ratios puts risk on the ropes
                    Currency markets were mostly range-bound overnight though with pockets of action throughout the day. The only data release in Europe – German consumer confidence – gave the EUR a temporary lift as it beat forecasts (+3.2 versus 3.1 expected) while talk that the Greek debt auction was experiencing high demand also provided impetus. Results suggest the issue was more than 3x over-subscribed though Greece had to pay a premium over last time while strong demand from official European sources took some of the shine off the mood.
                  • FX Closing Note: Market holds its breath
                    The market decided to not make a decision today. Key weekly pivots in USD crosses may be in focus this week.
                  • FX Update: Too much fear or are we just getting started?
                    An interesting week ahead as president Obama tries to regain the political intiative and markets decide whether to follow up on the recent strong USD move.

                  Trading Floor Legal disclaimer

                  None of the information contained herein constitutes an offer to purchase or sell a financial instrument or to make any investments. Trading Floor is powered by Saxo Bank A/S and/or its group companies ("Saxo Bank"). Saxo Bank does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on a recommendation, forecast or other information supplied from any employee of Saxo Bank, third party, or otherwise. Trades in accordance with the recommendations in an analysis, especially, but not limited to, leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits. You should carefully consider your financial situation and consult your financial advisor(s) in order to understand the risks involved and ensure the suitability of your situation prior to making any investment or entering into any transactions. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of Saxo Bank.