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The USD edged higher as stocks weaken and an IMF official says that he is surprised by the resilience of the USD during the financial crisis, stocks were pressured by a statement from China’s Premier Wen that the world faces an uneven recovery, Swiss investment sentiment falls more than expected,…

There have been no major fresh factors over the past 24 hours with markets still expecting low US yields. Expectations of Asian currency appreciation will also tend to undermine the dollar. Structural fears surrounding the Euro-zone are liable to increase. In this environment, it is likely to become more difficult…

Overall, the dollar index took advantage of the negative equity markets initially took around the world in Thursday morning trade, and managed to advance a few points ahead of the U.S. open. Most of the dollar’s gains came during the European session, after relatively flat Asian currency trade. The macroeconomic…

Cable fell further and has then bounced a little. The Support at 1.6510 has held on first testing. If it continues to hold, rally towards 1.6850 may happen over the next couple of weeks. Else a break of this Support would target 1.6350 very soon. Hence this is a crucial…

The flurry of rhetoric from policymakers in the past day seems to affirm that conditions conducive to continued USD-selling are likely to persist; with further assurances this morning from US Treasury’s Timothy Geithner, Chinese Finance Minister Zhu, and Canada’s Jim Flaherty. All have echoed the same message that an early…

Dollar/Yen traded with volatility on Wednesday. On a 3 hour chart there was intense battle around 89.32 support level, and bears seem to be fighting better for now as quotes are able to remain bellow the 92.25 resistance. Our preferable scenario is decreasing, but any upward jump is a possibility…

Since the middle of October, the GBP has been trading in a bullish trend against the CHF. Currently, the currency pair touches its bottom line of the Bollinger Bands. When it touched the bottom line, the prices recovered three times before. Furthermore it reached its support at 1.6680. Many times…

In Currencies: The USD continues to maintain a consolidating tone throughout the week despite continued fresh all-time highs in gold and various 13-month highs in equity markets. The APEC summit in Singapore released its formal communiqué and reflected the G20 view on rebalancing efforts. There was a slew of pro-dollar…

EUR/USD has sunk lower during European hours in line with the softer tone of stocks, though European indices have recovered most of their earlier losses. Comments overnight from Chinese Premier Wen Jiabao that the global economy faces a slow and bump recovery had heightened fears that Chinese stimulus may start…