USDCAD rebounded strongly from 1.0471, suggesting that a cycle bottom is being formed on 4-hour chart. Another rise to test 1.0676 (Jul 6 high) key...
USDCAD rebounded strongly from 1.0471
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“Real-Forex” daily analysis
NZD/USD Daily graph: http://www.real-forex.com/charts-daily/November2010/NZD_DAILY_161110.JPG The uptrend started a few weeks ago is...
EUR/USD extends sell off, but buy orders noted
EUR/USD has extended it’s early sell-off, presently at 1.3925 having just posted a 1.3917 session low. Risk sentiment doesn’t seem to be in very good shape; stocks oil down. Sources do however note some buy orders lined up at 1.3900 and then again quickly at 1.3885/90, which should at...
Swiss KOF institute cuts 2009/2010 growth forecasts
The KOF Swiss Economic Institute has slashed it’s growth forecasts for the Swiss economy. The economy is now seen contracting -3.3% in 2009 from previous forecast of -2.4%, and contracting -0.6% in 2010 from previous -0.3%. The insititute warns that “the Swiss economy is in a long...
Tumpel-Gurgerell: Central banks need to be pricks…
…of asset bubbles. Asset bubbles and financial sector imbalances should be dealt with preemptively, she says. The financial crisis represents the greatest ever challenge for the euro, she says. 2009 will be very difficult. Deflating asset bubbles is likely to be the consensus change in the...
New York forex wrap up; Dollar firms as reflation trade falters
New York Fed’s Empire State index falls to -9.41 from -4.55 IMF considers making its bonds tradeable IMF: US returns to growth in 2010 IMF”s Lipsky: Dollar to remain reserve currency “as far as we can see” Geithner: Economy in early stages of recovery ECB’s Wellink:...