Fara Wave » Firouz MT

Oil H1 1Jan

Firouz MT — Thu, 01 Jan 2009 08:50:50 +0000

US Dollar Consolidation Could Yield Breakouts as Liquidity Returns

Firouz MT — Sat, 27 Dec 2008 11:04:33 +0000

The US dollar has spent the past week consolidating within thin ranges, as low volumes did little to spark directional trade. This left the greenback down 1 percent against the euro and up roughly 1.5 percent versus the British pound and Japanese yen by Friday’s close. In the coming week,…
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Weekly Market Wrap Up

Firouz MT — Sat, 27 Dec 2008 11:04:32 +0000

A holiday-shortened week found no Santa Claus rally this year, as equities slipped, treasury yields flattened further, and the US dollar resumed its weakening trend. Early surveys of Christmas sales from retailers were mixed but tended toward gloomy-SpendingPulse estimated that December retail sales through the 24th were down 4% versus…
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Japanese Yen May Decline versus Euro, British Pound

Firouz MT — Sat, 27 Dec 2008 11:04:32 +0000

The British Pound/Japanese Yen is starting to show signs of a makeshift bottom, as weekly oscillators have registered their most extremely oversold conditions in over 20 years and subsequently reversed. The short-term picture is less clear, but the pair continues to hover near its lowest levels since 1995.
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Quiet Before the Storm with 2009 on the Horizon

Firouz MT — Sat, 27 Dec 2008 11:04:32 +0000

The FX markets are fairly quiet which is typical following a major holiday and year-end. The EurUsd is 54pips higher at high 1.40 price area, while the UsdJpy gained 30 pips to the 90.67 level. The GbpUsd slid roughly 40pips to low range of 1.47. Equity markets are mostly unchanged…
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US Dollar Remains Mixed on Sluggish Trade

Firouz MT — Sat, 27 Dec 2008 11:04:32 +0000

US Markets and Commodities Wrap-up

Firouz MT — Sat, 27 Dec 2008 11:04:31 +0000

Markets opened in slightly positive territory following a rise in energy and news that GMAC, the financial lending arm of General Motors, will now be considered in the TARP pool after the Federal Reserve authorized the firm to become a bank holding company. Crude opened higher following news that the…
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Summary 12/29 - 1/2

Firouz MT — Sat, 27 Dec 2008 11:04:31 +0000

Monday, Dec 29, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081229s’);
Tuesday, Dec 30, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081230s’);
Wednesday, Dec 31, 2008
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20081231s’);
Thursday, Jan 1, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090101s’);
Friday, Jan 2, 2009
include(’http://www.actionforex.com/resources/calendar/cals1.php?f=20090102s’);
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Weekly Foreign Exchange Insights

Firouz MT — Sat, 27 Dec 2008 11:04:31 +0000

Investors typically approach the final calendar week with a forward-looking mind-set, opening positions consistent with how currencies are expected to perform in the coming year. Such a strategy would work if practiced by only a minority but often backfires when everybody does it. The week between Christmas and yearend is…
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U.S. Retail Holiday Sales Plunge

Firouz MT — Sat, 27 Dec 2008 11:04:31 +0000

Despite massive price-cuts in an attempt to save the holiday shopping season, 2008 proved to have the worst holiday retail sales in decades amid decreasing consumer spending. As American consumers curb spending due to the recession, climbing unemployment, and tightening credit conditions, sales dropped by 2.5 percent in November and…
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