Fx market perspective

Forex waits for GDP 7.30

Written by Research | 28 July 2010

The Big Day!

The beige book is especially important after cautious words from Fed chairman Ben Bernanke last week led to a sell-off in stocks. He called future growth "uncertain," which worried investors who look to Bernanke for reassurances that a rebound is under way.

Cross Rates Trend following

Written by Trade Team | 27 July 2010

With consumer confidence falling down in July to 50.4 from 54.3 in Jun and the Fed manufacturing index to 16 from 23; the USD gains against the major curreny pairs except for the Pound.And the USDX falling slightly at the 81.95bp levels before the market news have been built in anticipation and speculative trades were increasingly favoring a negative sentiment.

Forex Perspective 7-21

Written by JS T Alexander | 21 July 2010

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The Forex market's reaction has been tamed with the USD holding at the current levels. The trade weighed average of the USD index which has reached its psychological and technical support at the 85.08/10 basis pt. have also supported its stability for now.

Opening Analysis 7.26

Written by Research | 26 July 2010

Asian & European Anaylsis Report 7.26

The better than expected 2nd quarter earnings report have boosted equities and a slight recovery for the USD finishing the end of week with a much stronger tone for investors sentiments. Although, the 1st day of the Federal Reserve Chairman Ben Bernanke gave no real inspiration as the " unusually uncertain "economic outlook outweighed the markets during his semi-annual monetary policy report.

Asia / Eur Opening Analysis

Written by Research | 19 July 2010

On the Technical Front & a Fundamental re-cap:

Stocks had sizeable gains heading into the end of the week as better-than-expected earnings from several corporate giants helped stimulate buying interest. But the major indices turned into the red after posting a deep 2.9% loss Friday. An earnings miss at Google and a sharp decrease in the University of Michigan Consumer Sentiment Index spurred the selling pressure.