FX Technical Strategy
This report has been deactivated
0
0
Download Full FX Technical Strategy
Fri, Jun 20 2008, 09:57 GMT
by Lloyds TSB Financial Markets Economic Research Team
Market overview
Since the last release the markets have been broadly range bound, although from an intra-day perspective volatility has been high. Unfortunately this type of price action has the effect of keeping market participants sidelined until clearer signals appear on the daily and weekly charts.
The intermediate strategy has been to buy sterling and the dollar against the previously strong currencies, i.e the Swiss franc, yen and euro, looking for a counter-trend retracement. Whilst this is still the favoured view, for the moment, we could be approaching the end of this strategy (though in weeks rather than days) where the main themes of a strong yen and swiss franc return.
Relative stability in the equitiy markets is gradually eroding and whilst bond yields have risen aggressively, the reasons for this are not necessarily positive for the dollar from a long term perspective.
Opportunities (or risk) may be confined to short term trading for now, but a return to the trending markets is coming into focus.
Published on Fri, Jun 20 2008, 09:59 GMT
Archive
- Green shoots' roots in commodities
Published On Wed, May 13 2009, 07:17 GMT - Top and tail outlook for majors
Published On Wed, Apr 29 2009, 06:13 GMT - Base case for sterling
Published On Thu, Apr 23 2009, 06:07 GMT - Risk appetite is reduced
Published On Wed, Apr 8 2009, 06:39 GMT - Dollar weakness is a long term story
Published On Wed, Mar 25 2009, 12:30 GMT
Lloyds TSB
| Faryners House, 25 Monument, London EC3R8BQ
http://www.lloydstsbfinancialmarkets.com/doc/fms/financial_markets.htm | Sarah.Pedder@LLOYDSTSB.co.uk
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.