日本語
Español
中文
Русский
- New York 16:24
- London 21:24
- Barcelona 22:24
- Tokyo 06:24
- Sydney 08:24
EUR/USD Briefing
This report has been deactivated
0
0
Will EUR/USD extend the fall?
Wed, Jan 23 2008, 11:11 GMT
by Nexum Team
Will EUR/USD extend the fall?
(We begin the week with sudden US strength, but how far can it go?)
---Lack of releases will make technical analysis more important---
We have been talking about a stronger USD for
quite a while now, and just this Friday, we had our annual meeting, where we
stated USD might actually begin its strenghtening almost immediatedly…
We ended last week with Bush releasing
his plan to expand growth in the US; investors were clearly disappointed as we
begin this week with strong declines in stock markets around the globe, oil
below 90 and the EUR/USD diving more than 170 pips in a day where the US is
closed due to holidays.
Monday should have been pretty quiet due to the
lack of fundamentals and the closed market in the US, however it is showing reactions of
last week’s announcement by US politicians. Tuesday will bring the BoJ rate
decision, they will probably maintain the rate unchanged but expect to hear
something about global stability due to the recent fall in their stock market. Tuesday
will also have Trichet speaking and he might as well do something to calm
investors. Wednesday will be important due to the release of the minutes of the
BoE, GDP for UK and industrial Production for Euro Zone, which will read pretty
weak and could continue to weaken the euro. Thursday will have appearances by
Trichet and Treasury Secretary Paulson, and German IFO; all of these releases
could help the USD extend the move; however, later that day we will receive
releases such as Jobless rate and New Home Sales that could even things up as
they will also read weak. Friday will be very calm on the fundamental side of
trading but don’t forget the possibility of a correction.
Fundamentals support
the idea of a further Dolar appreciation, important supports have been broken
and we now see the pair below the channel in different time frames. Indicators
are beginning to point north but this is the effect of a sudden move. Lets give
them some time to establish a trend and then listen to them because this week
is not very important in the fundamental side.
EUR/USD
EUR/USD is moving widely to the south of our charts, it seems that US negativity is now going to other countries. We have stock markets falling drastically, oil below 90 and the Euro falling rapidly. This could continue throughout the week but look out for dip buying because this trend could extend at least until the rate cut by the FED.
Daily Graph
Weekly Graph
The pair is well in the channel now, the floor is at 1.4340. A rupture of this channel could bring the pair below 1.4300 and further.
Our analysis indicates Short EUR/USD every time it reaches 1.4540
• Take Profit 1:1.4470
• Take Profit 2: 1.4380
Published on Wed, Jan 23 2008, 11:24 GMT
Archive
- Fundamentals continue to be the main determinant on trend setting
Published On Tue, Aug 26 2008, 07:36 GMT - Euro to Raise Interest Rates?
Published On Tue, Jul 1 2008, 08:57 GMT - Will USD rally come to an end?
Published On Tue, Jun 3 2008, 12:31 GMT - Euro climbs on dovish FED
Published On Wed, May 28 2008, 10:39 GMT - EUR/USD continues in range
Published On Tue, Apr 29 2008, 07:21 GMT
Nexum Capital Markets
| Rio Missouri Col Valle, Monterrey, Nuevo León 01800-00
http://www.nexumcapital.com/ | info@nexumcapital.com
Legal disclaimer and risk disclosure
Nexum Capital Markets, nor any of its representatives, accepts no responsibility for the accuracy or completeness of any information here in contained nor for any forecasts or recommendations. Nexum Capital Markets shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Nexum Capital Markets that you will profit from the strategies herein or that your losses in connection therewith can or will be limited. This electronic communication and any files transmitted with it, or attached to it, are confidential and are intended solely for the use of the individual or entity to who it is addressed and may contain information that is confidential, legally privileged, protected by privacy laws, or otherwise restricted from disclosure to anyone else. If you are not the intended recipient or the person responsible for delivering the e-mail to the intended recipient, be advised that you have received this e-mail in error, and that any use, dissemination, forwarding, printing, or copying of this e-mail is strictly prohibited. If you received this e-mail in error, please return the e-mail to the sender, delete it from your computer and destroy any printed copy of it. Although our company attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses. Some comments have been translated by us and some comments have been aquired from other sources, which are stated at the end of each chapter. All comments and opinions are solely those of the writer and are not in any way comments or opinions of Nexum Capital or its affiliates. Additional information is available upon request. Information in this publication has been obtained from sources believed by the writer to be reliable, but the accuracy, completeness and interpretation are not guaranteed and have not been independently verified. Opinions expressed are subject to change without notice and, due to the rapidly changing nature of currency markets, may quickly become outdated. The opinions and information presented do not constitute a solicitation for the purchase or sale of any securities or options on securities.Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.