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Archive for May 24th, 2009

Euro-Dollar May Retest Dec ‘08 Highs

Licia Kok, treasury economist at United Overseas Bank Group sees the euro-dollar retesting its December 2008 highs of $1.42-1.43. She tells CNBC’s Rebecca Meehan & Maura Fogarty what is supporting the cross.    Watch Video MEDIA: VIDEO Permalink

Sentiment May Save Europe as Business Managers Foreee Better Times (Euro Open) (Daily FX)

European markets tomorrow may be looking toward the release of the German IFO series of sentiment surveys. The outlook is expected to be positive for a second straight month after global stock markets erased losses seen in early-2009.

Dollar on Weaker Footing

Claudio Piron, head of Asia FX research at JPMorgan, believes the dollar will continue to weaken, with the Euro-USD to test the 1.45 level. He also gives his analysis on the Thai baht, to CNBC’s Chloe Cho.    Watch Video MEDIA: VIDEO Permalink

Euro Slips on German Ifo in Thin-Holiday Trade

Posted By: Reuters The euro slipped against the dollar on Monday, stung after a gauge of German corporate sentiment fell short of market expectations, suggesting that any recovery in the euro zone’s biggest economy would take more time.    Read More Topics: Timothy Geithner | euro | Economy (U.S.) | Economy (Global) | Foreign Exchange | Currencies | U.S. Dollar | Yen MEDIA: PHOTO Permalink

USDJPY rebounds from 93.85 level

Being contained by the long term key support at 93.53 (Mar 19 low), USDJPY rebounds from 93.85 level.

Taiwan Govt May Be Behind the Curve: Analyst

The Taiwan government may be slightly behind the curve as they are banking too much on the China effect, remarks Luca Silipo, chief economist at Natixis. He offers his insight into its economy, with CNBC’s Martin Soong.    Watch Video MEDIA: VIDEO Permalink

Best Bets Within the Currency Space

BNP Paribas’ top picks in the currency space are the commodity currency bloc and Asian currencies. Its senior currency strategist Thio Chin Loo tells CNBC’s Martin Soong & Sri Jegarajah why.    Watch Video MEDIA: VIDEO Permalink

May 25 Market Commentary and Technical Levels

Mon, 25th of May, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD continued it’s bullish momentum on Friday. The pair topped at 1.4049 and closed at 1.4000 . On hourly chart below we have a valid bullish channel indicating strong bullish momentum during last week movement.

Market Correction Will Unfold

Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, says the overbought market will correct but he is uncertain about the magnitude of the correction. He speaks to Sean Callow of Westpac Bank, CNBC’s Martin Soong & Sri Jegarajah.    Watch Video MEDIA: VIDEO Permalink

Watch the Dollar

The U.S. dollar weakened broadly last week and whether that selling pattern will continue into this holiday-shortened week will be worth watching, says Sean Callow, senior currency strategist at Westpac Bank. He talks to Marc Faber of The Gloom, Boom & Doom Report, CNBC’s Martin Soong & Sri Jegarajah.    Watch Video MEDIA: VIDEO Permalink