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Monthly archive April, 2014

USD/INR: Indian Rupee Selling Accelerates Ahead of Major Event Risks

USD/INR rupee selloff accelerates with more event risk coming up.
Talking Points: -Indian Rupee (INR) weakness favored in the second and third quarters. -Seasonal trends do no benefit EM FX, INR. -RBI confidence to fade on higher Read More →

USD/JPY Risks Further Losses as Japan Inflation Approaches BoJ Target

Talking Points: - Will USDOLLAR Mark Another Close Above 10,470?Remains at Risk for Lower High. - Bullish USD/JPY Outlook at Risk as Japanese Inflation Approaches 2 Percent Target. - GBP/CHF Continues to Hold Above Former Support; Higher Low in Place? Index Last High Low Daily Change (%) Daily Range Read More →

EUR/USD, GBP/USD Hover Near Breakout Levels – Patience Required

Talking Points: - EURUSD peeking out of triangle to upside, faces trendline test from March and April highs. - GBPUSD holding in flag/double top pattern still, trade entry nears nevertheless. - Forex economic calendar heavy with significant US event risk – mainly Durable Read More →

USD/CNH: Chinese Yuan Hits Fresh Lows on Key Fundamental Stresses

USD/CNH: Chinese Yuan Hits Fresh Lows on Key Fundamental Stresses
Talking Points: -Unwinding of commodity-backed loans, complex financing vehicles contribute to CNH selling. -Risks in the shadow present USD/CNH upside potential (Yuan weakness). -Property market developments are Read More →

EUR/USD Risks Dip Below 1.3770 Pivot as U.S. Durable Goods Climb 2.0%

eur/usd risks dip below 13770
- U.S. Durable Goods Orders to Rise for Second Consecutive Month. - Non-Defense Capital Goods Orders to Rebound Following 1.4% Decline in February. Trading the News: U.S. Durable Goods Orders Another 2.0% Read More →

Dollar De Facto Winner in a Reemerging Currency War?

Talking Points: Dollar De Facto Winner in a Reemerging Currency War? Euro Traders Will Pay More Attention to Draghi than Data British Pound Heading to Inevitable Break Dollar De Facto Winner in a Reemerging Currency War? Value in the currency world is assessed on a Read More →