US Dollar Index Classical Technical Report 05.04

May 5, 2012

The market remains locked in a multi-day consolidation and should continue to chop between the 9,600-10,100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips in favor of an eventual break above 10,100. Tags: dollar index, [...]

Read the full article →

Market correlation questions: what is the primary driver here?

May 4, 2012

I guess it is no different this time. There are always more questions than answers. I guess the first question is: Are we finally seeing a change to the “all one market” liquidity-driven correlations in global markets? Tags: global markets, market liquidity, different this time

Read the full article →

Free Markets: caught up in my ideology or cause for real concern?

May 3, 2012

First, let me be clear. It has been a very long time since we had truly free markets. Since governments were formed, early in civilization, they have always had a hand in the market. We don’t have free markets; we instead have “quasi free markets” and they seem to be becoming more “quasi” by the [...]

Read the full article →

Euro and Risk Correlated Currencies Still Well Bid, But Not for Much Longer

April 30, 2012

By Joel Kruger, Technical Strategist for DailyFX.com Kiwi emerges as strongest currency post Fed RBNZ warns of taking action to offset stronger NZD Retail positioning still does not favor USD long positions Fed offers no new insights from latest rate decision US equities should be sold into rallies; deeper setbacks ahead While we are not [...]

Read the full article →

Japanese Yen Rebounds Sharply as US Dollar Slides after FOMC

April 28, 2012

USDJPY 5-min Chart: April 26, 2012 Overall, the Japanese Yen was the best performing major currency against the US Dollar, climbing by 0.67 percent. The Canadian Dollar was the worst performing major currency, shedding a mere 0.04 percent thus far on Thursday. Overall, the majors traded in narrow ranges versus the world’s reserve currency, with [...]

Read the full article →

← Previous Entries

Next Entries →