Archive for May, 2008
Sunday, May 25th, 2008
British Pound (BPM8):
The BP opened higher at 1.9805 against a weaker Dollar, higher oil prices and inflation concerns that should keep rates 'unchanged' at the June 4-5 MPC meeting. A less than expected decline in Retail Sales helped prices bounce to 1.9820, before a DX bounce on ...
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Wednesday, May 21st, 2008
by Scott Owens
FX Engines
The “well-chosen example” of the perfect trade as shown on a chart is too often the basis for system building. When that system inevitably breaks down, the trader returns to the charts desperately searching for a picture that tells a compelling story. ...
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Friday, May 16th, 2008
Dollar Index (DXM8):
The DX opened higher at 73.58 and rose to a morning Hi of 73.66 ahead of the CPI report. A lower than expected drop in the 'core' rate to +0.1% m/m, and +2.3% y/y suggested that inflation may be easing and rate increases may not have to be ...
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Monday, May 12th, 2008
Written by Terri Belkas and David Song, DailyFX.com
The US dollar swayed as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. As a result, the low yielding Yen took the biggest loss against the greenback, with the Swiss franc following behind as ...
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Thursday, May 8th, 2008
Less than an hour after the European Central Bank announced the benchmark rate would be held at 4.00 percent, President Jean Claude Trichet delivered his usual commentary to an attentive public. Over the past few weeks, speculation that the policy authority would take a more dovish approach ...
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Monday, May 5th, 2008
Written by Terri Belkas, Currency Analyst
Following a week of major US economic indicators, the only significant release pertinent for the US Dollar specifically this week will be ISM Services, which could be surprisingly strong. Meanwhile, employment data out of Australia and Canada could shake up ...
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Friday, May 2nd, 2008
Written by Kathy Lien, Chief Strategist of DailyFX.com
This week, economic data has had zero impact on the British pound.
Over the past few days, the currency pair managed to rally on weaker economic data and today it sold off despite a smaller drop in manufacturing PMI. The ...
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