“Sentiment from a trading point of view will be positive, after the short-term pullback we had (Thursday),” Dodge Dorland, CIO of Landor Capital Management said Friday. He considers how the Chrysler bankruptcy news will impact the other automakers. Watch Video MEDIA: VIDEO Permalink
“It’s great to see the sentiment shift, the bear market turning into a bull market just in a couple of weeks,” Lothar Mentel, CIO of Octopus Investments said. He warns that we still have the bank stress test results, bad economic news and a potential flu pandemic to consider.
Posted By: Reuters Oil prices rose above $52 a barrel on Friday, bouncing from losses earlier in the day, on support from equity markets and as traders sifted through evidence for hints of economic recovery. Read More Topics: Currencies | Stock Market | Economy (U.S.) | Economy (Global) | Oil Sectors: Oil and Gas MEDIA: PHOTO Permalink
Hey everyone! Today I want to share with you a setup on GBPJPY I have been waiting for the last few days.
Posted By: Reuters The dollar rose to a two-week high against the yen Friday but fell against the euro and perceived higher-risk currencies as investors bet the worst is past for the recession-hit global economy. Read More Topics: Yuan | euro | Economy (U.S.) | Economy (Global) | Foreign Exchange | Currencies | U.S. Dollar | Yen MEDIA: PHOTO Permalink
USDJPY breaks above the previously mentioned price channel resistance, suggesting that a short term cycle bottom has been formed at 95.62 level on 4-hour chart and the downtrend from 101.43
Fri, 01th of May, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD was in critical situation yesterday. The pair attempted to push higher, topped at 1.3383 but further bullish scenario was rejected as the pair whipsawed to the downside, hit the bottom at 1.3192 and closed at 1.3228
Volatility in the currency market is starting to ease heading into the weekend; but the stability of major technical levels and trends should still be considered highly suspect. For CADJPY, throttling back on the wild price action would leave the pair with a very prominent formation that could hold the market back – or at the very least allow for the easy placement of entry, stops and targets.
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Original post:
Forex Wrapup 04.30.09 (Daily FX)
- Euro, British Pound End on Mixed Note as European Data Points Toward ECB Rate Cut, Credit Easing – New Zealand Dollar Under Pressure Post-RBNZ Rate Cut, Canadian Dollar Dominates
on Your First Move For Tuesday January 27th
