Financial A. posted an article on Financial Advisor - Dec 17, 2011, 11:24 pm
EUR/USD Weekly Outlook  EUR/USD's fall accelerated after taking out 1.3145 support last week and reached as low as 1.2946 before making a temporary low there and turned sideway. Initial bias is neutral this week for some consolidations. But recovery should be limited by 1.32...
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Financial A. posted an article on Financial Advisor - Oct 24, 2011, 6:18 am
Dollar remains broadly weak as the week starts as markets sentiments are boosted by solid Asian economic data. The preliminary HSBC China Manufacturing PMI rebounded from 49.9 to 51.1 in October, back in expansionary territory for the first time since ...
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Financial A. posted an article on Financial Advisor - Oct 22, 2011, 10:22 am
I keep thinking that any day now the Australian dollar will take a dirt nap. It took one back in mid-2008, falling a stunning 39 percent in just three months in the midst of the credit crunch. This shows just how vulnerable the Aussie can be to a growth acciden...
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Financial A. posted an article on Financial Advisor - Oct 21, 2011, 11:10 am
The coming “solution” to the EU’s debt crisis is creating ever mounting piles of research outlining the if’s, and’s and but’s – so the market shrugs its shoulders and says “they’ll figure something out.” The discussion surrounding the potential form of
...
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Financial A. posted an article on Financial Advisor - Oct 21, 2011, 11:05 am
Fitch does not see EFSF plans changing France's AAA Rating European stocks were slightly up in the early session before Fitch announced that it does not see changes to the European Financial Stability Facility as a threat to France's AAA rating, and that a strong EU sol...
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Financial A. posted an article on Financial Advisor - Oct 21, 2011, 11:03 am
At this point, I think it's pretty clear the general stock market is now in the initial phase of a new bear market. It's trying to generate a bear market rally over the last three weeks, but so far it's been pretty weak. That doesn't bode well once the cyclical an...
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Financial A. posted an article on Financial Advisor - Oct 21, 2011, 11:01 am
The non-partisan Government Accountability Office released a report today showing widespread corruption and conflicts of interest in the Federal Reserve. Senator Sanders – who was instrumental in forcing the Fed to release some details of its lending operations – summariz...
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Financial A. posted an article on Financial Advisor - Oct 21, 2011, 11:00 am
Nordic banks may offer investors the best protection against a recapitalization wave that threatens to dilute the share values of Europe's lenders, said UBS AG. (UBSN) "It is a very attractive place for European investors to hide from the ongoing eurozone problems," Ni...
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Financial A. posted an article on Financial Advisor - Oct 20, 2011, 6:15 am
News from Eurozone continues to drive markets up and down. This time, sentiments were hurt by reports that France and Germany are clearly still having diverged stance on the role of ECB in solving the debt crisis. France is still pushing the proposal to have the EFSF turned &...
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Financial A. posted an article on Financial Advisor - Oct 20, 2011, 2:19 am
Wednesday’s reversal of initial downside was extended yesterday but this demand stalled ahead of last week's highs. The subsequent setback corrected half of early gains for GBPUSD and this change in investor sentiment has continued in Asia, with positive momentum showing si...
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Financial A. posted an article on Financial Advisor - Oct 18, 2011, 5:48 am
An element of doubt came back into the mind of market participants Monday as (in particular, German) officials began to raise the possibility that the much vaunted ‘grand plan’ (which the rhetoric and inference by eurozone leade...
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Financial A. posted an article on Financial Advisor - Oct 18, 2011, 5:46 am
Both GBPUSD and GBPJPY have been moving in tandem and we had a clear downside break Monday. Any correlated pullback to the line could be seen as a chance to short with tight stops in place. Placing lines is never an exact science so having two charts for reference will be a...
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Financial A. posted an article on Financial Advisor - Oct 18, 2011, 5:41 am
The dramatic rally in riskier assets continued last week with stocks and commodities rallying hard while bonds sold off. Improved U.S. economic data has given traders enough confidence to believe that a recession is now more or less out of the question. The 23 October EU ...
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Financial A. posted an article on Financial Advisor - Oct 16, 2011, 1:54 am
Gold's Schizophrenia: Pulled Apart By Commodity And Safe Haven Status Agustino Fontevecchia www.forbes.com Gold appears to have entered a new phase, acting as a hybrid, sometimes sympathizing with risk assets and other times acting like...
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Financial A. posted an article on Financial Advisor - Oct 15, 2011, 5:46 am
EUR/USD Weekly Outlook EUR/USD's rebound from 1.3145 short term bottom extended further to as high as 1.3893 last week and closed strongly. Initial bias remains on the upside this week and current rise should target 61.8% retracement of 1.4548 to 1.314...
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Financial A. posted an article on Financial Advisor - Oct 13, 2011, 3:53 am
In line with yesterday's bearish outlook for sentiment, Tuesday’s limited rally was entirely overturned by fresh selling interest. Steady losses throughout the day took USDCAD to the most bearish levels traded for three weeks. The speed and scope of this decline also took ...
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Financial A. posted an article on Financial Advisor - Oct 13, 2011, 3:49 am
Risk appetite continued on optimism on European bank recapitalization plan. European Commission president Jose Manuel Barroso presented a "comprehensive package" yesterday and urged immediate actions from European policymakers to resolve the current crisis. The recommendation...
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Financial A. posted an article on Financial Advisor - Oct 13, 2011, 3:44 am
Asia saw a busier day on the macroeconomic front Thursday, and though there were arguments for both risk-on and risk-off, currencies remained at the top of their ranges. For the pro-risk brigade, Australia’s employment data was a stormer with 20.4k jobs added in Sept...
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Financial A. posted an article on Financial Advisor - Oct 12, 2011, 5:40 am
For the last week or so our charts have been bullish on the EURO/STERLING. The rally has been quite strong and may continue towards the 8800 area and beyond in the coming days. Longs could be taken while we are above the 8710 area. A break down through this level and we may &...
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Financial A. posted an article on Financial Advisor - Oct 12, 2011, 5:37 am
Euro's rebound against dollar and yen stalled after Slovakia parliament rejected the expansion of the EFSF. The country failed to pass the plan with 55 lawmakers voting for the measure, 9 against it and 60 abstaining. The expanded EFSF plan will increase the size of ...
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Financial A. posted an article on Financial Advisor - Oct 12, 2011, 5:29 am
The market was unable to extend Monday’s powerful gains yesterday with demand stalling near 1.3700. Although initial downside found buying interest, the highs were not maintained. The net unchanged close highlights a degree of investor uncertainty but gradually lower intrad...
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Financial A. posted an article on Financial Advisor - Oct 12, 2011, 5:26 am
Commodity markets will continue to be driven by worries about the potential impact of a slowing global economy. A solution to the sovereign debt crisis has still not been found and with governments running out of fresh ideas this has caused tremendous stress on the fina...
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Financial A. posted an article on Financial Advisor - Oct 12, 2011, 5:19 am
Corn increased, extending the largest advance in 16 months, on signs last month’s 23 percent slump may have attracted buyers seeking to build stockpiles. December delivery corn added as much as 1.2 percent to $6.525 a bushel on the Chicago Board of Tra...
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Financial A. posted an article on Financial Advisor - Oct 11, 2011, 6:10 am
In the run up to the 2008 global financial crisis, China’s manufacturing sector was epitomised by a predominant focus on exports resulting in a constantly rising trade surplus and a hefty accumulation of FX reserves. In the aftermath of the crisis however, the s...
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Financial A. posted an article on Financial Advisor - Oct 11, 2011, 6:08 am
Waiting for a US dollar rally this year has felt like Waiting for Godot at times as we anticipated one for a long time before the greenback finally rallied sharply in late August and early September after a long period of stagnation over the summer, despite a number of market...
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Financial A. posted an article on Financial Advisor - Oct 10, 2011, 5:37 am
Euro opens the week mildly firmer after Germany and France pledged to provide sustainable solution to Greece situation and the European debt crisis, as well as bank recapitalization by the end of the month, before the G20 summit in Cannes. Meetings including European Council ...
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Financial A. posted an article on Financial Advisor - Oct 10, 2011, 5:29 am
... 13; funds scrambled to rebuild positions. The rally that began Wednesday was&# ... the sharp reduction of long positions over the last month. ... 13; Background information: The Commitments of Traders is a ... commercial" and "non commercial" holdings. The n...
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Financial A. posted an article on Financial Advisor - Oct 10, 2011, 5:24 am
As London left for the weekend on Friday, ratings agency Fitch was busy downgrading Italy by one notch to A+ (outlook negative) and Spain by two notches to AA- (watch negative). Further warnings for Portugal and Belgium added to th...
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Financial A. posted an article on Financial Advisor - Oct 8, 2011, 9:16 am
EUR/USD Weekly Outlook Despite initial dive to 1.3145, EUR/USD lost downside momentum and recovered since then. Note that while further recovery cannot be ruled out yet, near term outlook will remain bearish as long as 1.3689 resistance holds. Recent decline ...
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Financial A. posted an article on Financial Advisor - Oct 8, 2011, 12:46 am
On Tuesday, when the Standard & Poor's 500-stock index sank below 1100, market pundits were champing at the bit to declare that a bear market had officially begun. They had to eat their words before they could say them, as the market promptly jumped up by more than 5% by ...
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Financial A. posted an article on Financial Advisor - Oct 8, 2011, 12:42 am
U.S. leaders took swipes at China on Thursday, as the Senate voted to advance a bill to penalize countries said to be manipulating their currencies and President Barack Obama accused the country of manipulating the yuan. ...
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Financial A. posted an article on Financial Advisor - Oct 7, 2011, 9:46 am
Over the past week sentiment towards riskier assets improved ahead of the monthly U.S. jobs report. In Europe two central banks provided further stimulus while officials showed increased willingness to support the banking sector after one bank in particular came very close to...
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Financial A. posted an article on Financial Advisor - Oct 7, 2011, 9:38 am
"From the errors of others, a wise man corrects his own.” - Publilius Syrus So European Central Bank President Trichet disappointed those looking for an interest rate cut but delivered just about everything else. The announcement of a reopening of covere...
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Financial A. posted an article on Financial Advisor - Oct 7, 2011, 12:58 am
The Bank of Japan released today its decision about interest rates, where the Japanese monetary policy makers have decided to keep the rates unchanged in one of the government's efforts to give more supports for the economic recovery.  ...
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Financial A. posted an article on Financial Advisor - Oct 6, 2011, 11:45 am
  (Reuters) - American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of th...
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Financial A. posted an article on Financial Advisor - Oct 6, 2011, 6:01 am
USD/CHF Daily Outlook Daily Pivots: (S1) 0.9171; (P) 0.9210; (R1) 0.9270;  USD/CHF's break of 0.9261 resistance suggests that recent rally has resumed and intraday bias is back on the upside for 161.8% projection of 0.7065 to 0.8246 from 0....
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Financial A. posted an article on Financial Advisor - Oct 6, 2011, 5:19 am
Despite the fact that Friday we will witness the US employment report, today is undoubtedly the most important day of the week and will likely shape the dynamic for EUR and GBP (in addition to UK and eurozone assets) over the coming...
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Financial A. posted an article on Financial Advisor - Oct 6, 2011, 5:16 am
Cable setbacks, in line with Wednesday's bullish call for sentiment, attracted fresh investor demand. But it was unable to recover more than half of Monday’s net decline and this has returned the focus to the downside. The scope of the Asian decline is a concern but we look...
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Financial A. posted an article on Financial Advisor - Oct 6, 2011, 12:49 am
Tomorrow is Trichet’s last press conference as head of the ECB. While an interest rate cut is likely not in the cards and might be seen as a reason for a further squeeze on Euro bears, other factors may weigh more heavily. UK Data and BoE pre-preview for tomorrow The ...
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Financial A. posted an article on Financial Advisor - Oct 5, 2011, 6:26 am
Risk sentiments was given a strong boost overnight on talk of bank recapitalization plan in Europe. And that sent back above 1.33 level while giving DOW a strong rebound from intraday low of 10404 to close at 10808, up 153 pts. However, risk rebounds halted after Moody's cut ...
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Financial A. posted an article on Financial Advisor - Oct 5, 2011, 6:17 am
Initial powerful losses in Cable Tuesday extended the two preceding day’s decline but these losses were entirely reversed by the close. But the bounce was able to only reverse half of Monday’s net downside and some selling has returned in Asia. It is the downside rejecti...
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Financial A. posted an article on Financial Advisor - Oct 4, 2011, 6:43 am
Euro extends recent decline broadly after the six-hours EU finance ministers meeting in Luxemburg yielded few concrete conclusion on the Greece and the measures to contain European debt crisis. Belgian Finance Minister Reynders noted that they're informed by Greece that funds...
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Financial A. posted an article on Financial Advisor - Oct 4, 2011, 2:45 am
In line with this week's bullish USDCAD call investors used a setback towards 1.0400 to refresh buying interest. This led to a fourth positive daily performance in succession and the market is trading at its highest levels for 13-months. It also took USDCAD to overbought ext...
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Financial A. posted an article on Financial Advisor - Oct 3, 2011, 3:41 am
A sea of red in the stock markets this morning after reports Greece once again failed to live up to its financial targets reporting a budget deficit of 8.5 percent against 7.5 percent targeted. Data-wise we have a bunch of PMI Manufacturing releases today with the US ISM Ma...
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Financial A. posted an article on Financial Advisor - Oct 3, 2011, 3:38 am
A bullish daily Hammer at 101.93 in EURJPY, last Monday’s 9 year low, signalled a temporary bounce and did occur with a 3 Big Fig improvement. But with bounces also signalled as temporary selling opportunities and with the longer-term forecast negative, investors sold into ...
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Financial A. posted an article on Financial Advisor - Oct 3, 2011, 3:35 am
The New Zealand dollar was hit from both sides late last week: a ratings downgrade from S&P and Fitch and a sell-off in global stock markets (NZD/USD being the most sensitive to "Risk on/Risk off" among the actively traded crosses). The downgrade was not a surprise as...
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Financial A. posted an article on Financial Advisor - Oct 1, 2011, 1:18 pm
Risk markets attempted a recovery last week on some positive news as Germany and Finland approved expansion of the EFSF while Troika returned to Greece finally. However, strength of the recovery was far from impressive and lost momentum towards the end of the week. While majo...
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Financial A. posted an article on Financial Advisor - Oct 1, 2011, 7:54 am
Global markets suffered serious setbacks during September as investors’ nerves were tested on numerous occasions. Hopes are now pinned on the fourth quarter which historically tends to support prices but continued uncertainty about the Eurozone debt crisis and the eco...
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Financial A. posted an article on Financial Advisor - Oct 1, 2011, 7:47 am
Germany successfully ratified the European Financial Stability Facility expansion yesterday with a very clear coalition majority for Merkel which gave the EUR and risk assets a brief bid initially.  Following on from the German par...
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Financial A. posted an article on Financial Advisor - Oct 1, 2011, 7:45 am
The Euro ground lower today after a German minister said further EFSF expansion was not likely and despite a very high CPI estimate for September. Bonds rebounded from key support and risk remains on the defensive. The US and German 10-year benchmarks continued to flirt...
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