http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-09.htmlNon-Independent Investment Research The Asian session was a little turbulent as one newswire reported China CPI data early and incorrectly, while Greek headlines suggested the latest meeting had ended inconclusively - only to subsequently inform us only one issue remained unresolved. The EUR started off on a weak note as we heard that the latest meeting between Greek coalition partners had finished without a deal being concluded. That was enough to push EURUSD down 40-50 points before itThu, 09 Feb 2012 06:28:16 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-08.htmlSurprisingly, given the force of the EUR's squeeze late in the European session, Asian trading was muted Wednesday. That said, the consolidation was at its highest since December 12 and there was a lack of interest to push risk currencies and the EUR back lower. The EUR's rally was amid speculation Greek political parties were coming together to back the second Troika bailout package, with (another) meeting scheduled for today. The move was exacerbated by stops triggered above recent highs.Wed, 08 Feb 2012 06:20:25 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-07.htmlIn a surprise move Tuesday, the RBA left its cash target rate unchanged at 4.25%. With expectations, and pricing, firmly looking for a 25bp cut, the AUD shot higher across the board. In the accompanying statement the RBA acknowledged European risks were still skewed to the downside with economic conditions weakening since the last meeting. It judged policy as appropriate for the moment, with rates for borrowers close to the medium-term average, but said a softening in demand and inflationTue, 07 Feb 2012 07:28:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-06.htmlA seeming lack of progress on either of the Greek negotiations (PSI and Troika) over the weekend set the EUR off on a weak tone at the start of trading today. Opening close to New York closing levels from Friday, the EUR slid back to Friday’s lows as no developments were reported on Greek talks and the FT reported that talks with the government had broken down as no agreement could be reached on the deep spending cuts and structural reforms that the Troika were insisting on before the releaseMon, 06 Feb 2012 06:33:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-03.htmlToday it was the turn of the non-manufacturing category of PMI indices to grab the attention – and headlines seemed not quite so rosy as the manufacturing side. The official services PMI slid to 52.9 in January from 56.0 with a weak construction sector knocking the wind out of buoyant New Year-related retail sales and transportation. The privately conducted HSBC survey was unchanged from the previous month with a 52.5 print. We still feel that it is prudent to wait for March data to gauge theFri, 03 Feb 2012 06:30:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-02.htmlHaving seen the smart turnaround in risk appetite during the European session, Asia was given further incentive to extend the rally Thursday with signs that Australia’s export economy continues to grow. The Australian trade balance for December showed a healthy increase in the surplus to A$1.7 bln from A$1.3 bln with a strong performance by exports behind the increase. Higher gold prices and a step up in coal exports contributed to the 2 percent increase in exports while imports were a slowerThu, 02 Feb 2012 06:29:16 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-01.htmlThe start of a new month brought the usual flurry of PMI releases for January across Asia – and generally they surprised to the upside. First off, Australia’s performance of manufacturing index rose to a six-month high of 51.6, increasing for the second month in a row. The employment sub-index rose 5 points to 51.0, supplier deliveries increased to 55.6 and inventories rose to 54.3 but the new orders sub-index was flat at 49.9. Nevertheless, an encouraging start to the year though andWed, 01 Feb 2012 06:16:12 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-02-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-31.htmlThere was a mild recovery in risk sentiment across currency markets in Asia Tuesday, but we are still adopting a wait-and-see attitude on the Greek debt swap deal despite rhetoric from the Greek leadership. Greece’s PM Papademos appeared on the wires saying that “significant progress” has been made in both the PSI talks and negotiations with the Troika on a new loan package and was seeking to conclude both efforts by the end of the week. This was possibly one of the reasons why risk was a tadTue, 31 Jan 2012 07:31:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-30.htmlThe EUR opened the Asian session little-changed Monday, against Friday's US close, though there was a 50-point down-move during the session on (relatively old) news that Germany was proposing that a budget overseer be commissioned in Athens (essentially forcing Greece to give up sovereignty over tax and fiscal policy). This was naturally received with great displeasure in Athens with finance minister Venizelos saying such a move would improperly force his country to choose between “financialMon, 30 Jan 2012 06:37:47 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-25.htmlRisk indicators are at the bulls’ back here, even if the ever-present Euro Zone sovereign debt crisis hydra stands ready to produce new ugly heads at any time. JPY continues to suffer – will FOMC provide a pivot? We’ve seen a remarkable turn in sentiment over the last couple of weeks as virtually all of our risk indicators are showing strong risk willingness. The fish are all swimming in the same direction, a change from early last week, when there were still signs of concern and divergence inWed, 25 Jan 2012 09:18:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-23.htmlAnother Monday finds us looking at the week ahead, a week in which EU issues are likely to continue to dominate as the EURUSD starts of the week in full squeeze mode. The FOMC decision is up Wednesday, but may not be a watershed event. EU still front and centre The focus on EU issues will inevitably continue this week ahead of next Monday’s EU summit. Meanwhile, other EU meetings abound. Today, we have EuroGroup finance ministers meeting, ESM ministers meeting, and later a meeting on theMon, 23 Jan 2012 12:55:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-20.htmlThe last trading session before most of Asia disappears for the extended Lunar New Year holidays was a quiet affair though Asian bourses put in a strong showing and risk generally consolidated yesterday’s up-move. On the data front, we saw the flash estimate of HSBC’s manufacturing PMI for China in January and it showed a barely changed reading from December. Coming in at 48.8, marginally higher than 48.7 last month, the number suggest that the suspicion of front-loading production in DecemberFri, 20 Jan 2012 06:17:59 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-19.htmlDespite a dramatic Australian employment report, ranges in Asia for most currencies were controlled and steady. Headline numbers for the Australian employment report suggested the “showcase” economy was given a real dose of reality in December. Consensus was for 10k jobs to be added during the month but the headline number came out much worse – 29.3k jobs were lost which resulted in a quick 30-40 point fall for AUDUSD. However, drilling down into the headline number it emerged that 24.5kThu, 19 Jan 2012 05:55:22 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-18.htmlThe World Bank slashed its global growth forecasts during the Asian trading session, to 2.5 percent in 2012 and 3.1 percent in 2013 (down from 3.6 percent for both years published in June). The Bank also warned that the downturn in Europe and softening growth in developed economies could force an even deeper downgrade. It estimated Europe was already in recession. Elsewhere, in data news, Australian consumer confidence recovered mildly in January after a sharp fall in December. The confidenceWed, 18 Jan 2012 06:07:39 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-17.htmlThe EUR and AUD strengthened in the Asian session after China's Q4 growth beat market estimates with 8.9 percent y/y growth recorded versus 8.7 percent expected - but still lower than Q3’s 9.1 percent. The expansion was the slowest we have seen in 10 quarters, with slower exports and the effect of measures against property and other asset bubbles taking its toll, and brought the full-year’s growth down to 9.2 percent from 10.4 percent in 2010. Other China data showed similar characteristicsTue, 17 Jan 2012 06:11:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-16.htmlThe EUR steadied in quiet Asia trade after a hefty u-turn on Friday. Today’s US holiday likely played a part in the moribund trade while data was confined to second-tier releases. In Japanese data, core machinery orders bounced back by an impressive 14.8% in November, more than double market expectations of a 5.1% increase and retracing most of the m/m declines seen in September and October. The data appears at odds with the last tankan survey where large manufacturers turned pessimistic forMon, 16 Jan 2012 06:17:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-13.htmlAsian markets have not pushed the EUR's rebound seen in the European and US sessions Thursday. There were no data releases and given it is a US holiday Monday, trading ranges were very tight. And perhaps superstitious participants noted it was Friday the 13th! The EUR staged a comeback Thursday as more positive inputs from Europe and a weak set of US data saw the single currency rallying, for a change, through January highs. Spanish and Italian bond auctions saw solid demand, while an ECB’sFri, 13 Jan 2012 05:53:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-12.htmlAll eyes were on China’s CPI and PPI data for December during the Asian session, but in the end the reports provided little direction for markets. CPI was a marginal disappointment, coming in at 4.1 percent y/y compared to a 4.0 percent consensus but still edging lower from November’s 4.2 percent. The breakdown showed non-food inflation rising 1.9 percent y/y but food inflation still high at 9.1 percent y/y. PPI showed a more positive improvement with at 1.7 percent y/y print (1.8 percentThu, 12 Jan 2012 06:07:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-11.htmlAsia walked in this morning with most currency pairs at similar levels to yesterday, having flirted with both highs and lows outside the previous day’s ranges during the overnight session. Sentiment favoured an early stop-loss hunt through 1.2740 in EURUSD (overnight low) but once that was accomplished it was back to range-trading with little in the way of data to influence. The only data releases scheduled were UK shop prices and Australian job vacancies. The British Retail Consortium’s dataWed, 11 Jan 2012 06:27:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-10.htmlA relatively stable session for currencies during the Asian session with the EUR able to cling on to the tentative gains made yesterday. The AUD was one of the better performers with building approvals bouncing back in November from a revised 10.0 percent fall the previous month. Approvals rose 8.4 percent m/m and recorded a less-than-expected decline of 18.9 percent compared with a year ago as easier mortgage rates following Reserve Bank of Australia rate cuts helped buyer sentiment (NoteTue, 10 Jan 2012 06:07:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-10.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-09.htmlWeekend news added more pressure on the EUR as Asian markets opened with local Greek press reporting that the Private Sector Involvement plan (PSI) discussions were very difficult and not progressing well with rumours circulating that the International Monetary Fund is now pushing for a forced debt restructuring and an 80 percent haircut for bondholders. In addition, the Federal Reserve's Bullard (non-voting member) commented that earlier QE measures by the Fed had successfully boostedMon, 09 Jan 2012 06:51:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-06.htmlUSD The USD/G10 basket has yet to extend beyond its recent tops as the pro-risk currencies have held their own against the greenback even as the Euro has suffered of late. The relative strength of the greenback in an environment of still elevated risk appetite is significant relative to previous behaviour. EUR The Euro has obviously been the weakling of the G10 as it has crumbled down through the levels at which it began trading back in early 2002. It’s relative performance versus the basketFri, 06 Jan 2012 12:56:11 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-05.htmlThe UK consumer is starting the new year with petrol prices marching toward record highs, public austerity, and now a massive train fare increase. Shield your eyes ahead of the onrushing data. Yesterday, I returned to work here in London for my first work day of 2012 after having spent the holidays abroad. I started my journey at the ticket window at my local train station, where I was shocked to hear that my monthly train pass renewal would cost me an extra ten percent over its cost the monthThu, 05 Jan 2012 11:10:37 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-03.htmlMarkets opened with a sputter Monday with only mainland Europe open for business. Those equity markets that were open rallied between 2-3% but the EUR still remained soft in thin trading with EURJPY pushing strongly through the 100 mark to hit a new all-time low just below 99.50. Other risk currencies fared better with AUDUSD falling just short of the 1.03 handle and NZDUSD 0.78. The EUR fared a tad better during Tuesday’s Asian session as further improvements in Asia’s PMIs extended theTue, 03 Jan 2012 06:37:10 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2012-01-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-29.v02.htmlAnother day spent in tight ranges during the Asian session after risk currencies rebounded overnight following an extended early sell-off. The final data releases for the year gave us the first indications of manufacturing activity for the Asia region in December. Following yesterday’s string of disappointments, Japan at least had something to cheer about when the manufacturing PMI data was released. The index rose back above the 50 expansion/contraction threshold (just!) following lastThu, 29 Dec 2011 06:14:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-29.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-29.htmlThin markets were caught with some USD positive flows with much discussion as to what the actual driver of the USD buying was. Whether it is the start of year-end flows, delayed reaction to the geo-politicking by Iran or International Monetary Fund comments on Hungary’s ability to meet targets for additional support, it does seem that the market was picking at stories to fit the move with thin liquidity exaggerating the move. Expect more of this scenario in the last days of trading of 2011.Thu, 29 Dec 2011 05:46:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-28.htmlCurrency markets remained in a lull in Asia with minimal activity seen between the Christmas and New Year period, despite some centres returning from an extended break. The highlight of the session was the early release of a slew of economic data out of Japan which was generally on the disappointing side. Deflationary pressures were very much in evidence for the Japanese economy with headline national CPI falling a greater than expected 0.5 percent y/y in November, a faster rate than the 0.2Wed, 28 Dec 2011 06:03:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-27.htmlThere’s little to report after a quiet holiday weekend as Europe and North America are taking a well deserved break from trading. Still, it’s useful to ponder the extreme speculative positioning in the US currency futures market. US Retail Scene The final days of the US Christmas shopping rush and the post Christmas sales push seems to show retailers rather desperate to unload inventory at steep discounts, which could lead to modest overall growth in sales, but a squeeze on profit margins asTue, 27 Dec 2011 10:13:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-23.htmlThe last day of trading before the Christmas holidays and a Japanese holiday kept activity very subdued in today’s Asian session with early closes for some markets and an almost barren data calendar. Data releases were confined to Singapore’s CPI and industrial production which are scheduled for release just as we go to press. Currency markets were slightly more volatile overnight with ranges widened amid a slew of mixed data. The EUR ran into resistance above 1.31 after an early run-up withFri, 23 Dec 2011 06:22:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-22.htmlThis morning saw the release of New Zealand’s Q3 GDP numbers and produced a mixed performance. On a q/q basis the outcome was a better than expected +0.8 percent and a strong rebound from Q2’s 0.1 percent but on an annualised basis growth was below consensus at +1.9 percent with Q2’s growth revised downwards to 1.1 percent from 1.5 percent. The Rugby World Cup played a major part in the better performance while, once this was stripped away, the rest of the economy continued to show someThu, 22 Dec 2011 06:56:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-21.htmlThe risk rebound that started overnight extended in the early part of Asian trading as markets reacted to news that China’s National Social Security Fund (NSSF) plans to invest Yuan 10 bln (USD1.58 bln) in local stocks. A similar move had also been announced by Taiwan and this led to a broader up-move in Asian bourses lifting related risk currencies as well, with the EURUSD easily tripping early stops above 1.31. In other news, Japan’s merchandise trade balance deteriorated more than feared inWed, 21 Dec 2011 06:15:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-20.htmlIt was another session of quiet musings for currency markets during the Asian session with very little to drive activity from either headlines or data. The highlight was the release of the minutes from the Reserve Bank of Australia's December meeting which proved to be a tad more optimistic on the domestic front, and less-dovish overall, than had been anticipated. The RBA commented that increasing downside risks from Europe was the major factor in delivering a “modest” rate cut, with otherTue, 20 Dec 2011 05:56:45 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-19.htmlAsian markets entered the likely final week of active trading in a subdued mood, with the Eurozone crisis continuing to depress sentiment. Data releases were sporadic and second-tier with the UK’s Rightmove House Prices the only release of note. Prices recovered slightly in December but were still in decline, despite record low lending rates in the UK with house prices falling 2.7 percent m/m and a mere 1.5 percent higher from a year earlier. The only other development was North Korean stateMon, 19 Dec 2011 09:07:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-13.htmlThe Asian session saw EUR and AUD trade a tad heavy early on a headline that China would withhold aid until the EU meets certain conditions. But once it was ascertained that the comment came from an academic at Peking University and not a policy-maker the slide halted. Tight ranges ensued thereafter. Of the data releases, The UK’s RICS house price balance surprised most to the upside with a -17 percent reading after a 3-month pause at -24 percent, and its highest reading in more than one yearTue, 13 Dec 2011 06:52:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-09.htmlOutlines of EU summit deal becoming clear, as the EU announced that a treaty change will be written by March. Meanwhile, the market is clearly underwhelmed by new measures put forward at the summit. Another all-nighter for EU leaders, much like the negotiation marathon that took place back in late October. The result? EU leaders agreed that a new treaty will be written in March, though it will do so without support from all 27 of the EU as the UK and Hungary will not participate.Fri, 09 Dec 2011 09:34:13 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-07.htmlThe RBNZ, ECB and BoE are all on tap in the next 30 hours, with an ECB cut likely tomorrow. Beyond technical measures aimed at providing orderly markets, might any more dramatic ECB announcement have to wait until Friday? The US equity trading session ended on a high note yesterday and the good vibes carried over into Asia. This naturally sent the USD weaker and AUDUSD is trading up close to 1.0300 again after a stronger than expected Q3 GDP report out of Australia. USDCAD is heavy down at theWed, 07 Dec 2011 08:17:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-06.htmlToday we revisit our monster G-10 charts to have a look at the lay of G10 currency land as this critical week gets under way. Below we have a look at the G-10 currencies, each against an evenly weighted basket of the remainder of its G10 peers and indexed to 100 at 3500 days before the present, so a bit less than 10 years of data. The charts shows that the G3 currencies have been the weakest during this latest bout of strong risk appetite , with the USD and JPY slightly weaker than the EURTue, 06 Dec 2011 07:54:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-05.htmlAs the European economy crumbles, with further weakness a guarantee in the wake of this week’s EU austerity-inducing deal, we wonder how long markets will continue to throw caution to the wind. Friday’s action finally saw risk appetite taking a bit of a breather after an over-the-top attempt to rally even further on top of the week’s already heady gains. Putting a slight damper on the action Friday was a US employment report with merely in-line payroll numbers and not particularly encouragingMon, 05 Dec 2011 11:23:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-02.htmlYesterday’s announcement continues to have the “desired effect” as it was made just in time for the market to gain a bit of confidence for today’s French and Spanish bond auctions. But there is always a “but”. Before we get underway today, please read our Chief Economist Steen Jakobsen’s take on yesterday’s global coordinated central bank action on USD swap lines: Are markets celebrating an engine failure? The metaphor of a transatlantic flight losing most of its engines is a great one forFri, 02 Dec 2011 07:42:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-01.htmlThe new month brings the usual tidal wave of manufacturing PMI data from across the globe Thursday. Most scrutinized was the China data, with both the official and HSBC equivalent on tap, following a weak flash estimate from HSBC last week and rumours in Asia yesterday of a poor “official” number. In the end, the official number was soft, down to 49.0 and the first dip below the 50 contraction/expansion threshold since January 2009 with the output index at cycle lows and new export ordersThu, 01 Dec 2011 06:17:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@saxobank.com (Saxo Bank)http://www.fxstreet.com/technical/forex-strategy/forex-trading-strategies/2011-12-01.html