Recent content by olofx

Daily Fundamental Analysis Market Recap Stocks advanced and benchmark Treasury yields edged up as traders bet on growth in the second-quarter even as the dollar fell broadly on weaker-than-expected GDP data. Oil rose after a sharp drop in gasoline stocks and gold slipped. The S&P 500 index...

Daily Fundamental Analysis Market Recap: Stocks edged lower in the absence of any economic catalysts. Treasuries advanced, helped by a weakness in the German bond market. The dollar rose on softness among other major currencies. Crude fell on profit booking ahead of inventory reports and gold...

Daily Fundamental Analysis 11/03/2014 The yen remained trapped in narrow ranges in Asian trade on Tuesday after the Bank of Japan stood pat and gave no indication that further easing steps were in the cards yet. Data on Monday underscored the economic recovery remains fragile. Japan posted a...

The Euro (1.3706) managed to break above 1.3690 to reach closer to the major resistance of 1.3750, above which it may rally quickly towards 1.38-1.39 but at this point, the strength looks a bit suspect. Failing to break and sustain above 1.3750 could take it to 1.36 again before further rally...

Fundamental Analysis 4/02/2014 The Euro (1.3511) is checking the opposition zone of 1.3540-75 now after it indicated a move in the direction of 1.33 and even 1.31. The bearish momentum may increase underneath 1.3450 while any likely bounce may face good selling force. Dollar-Yen (101.24) is...

Fundamental Analysis 3/02/2014 The Euro (1.3550) indicated a move in the direction of 1.33 and even 1.31 as it has broken the significant support zone of 1.35-1.3540 after falling short to shatter overhead the foremost tendency decider grade of 1.3750 in line with our anticipation. The bearish...

Fundamental Analysis 31/1/2014 The Euro (1.3550) accelerated its drop to check the important support zone of 1.35-1.3540 after failing to break overhead the foremost trend decider grade of 1.3750 in line with our expectation. A shatter underneath 1.35 may pull it down to 1.33 and 1.31 fast...

Fundamental Analysis 30/1/2014 CURRENCIES The Euro (1.3651) is mirroring the identical indifference to global events as the Dollar index after testing the foremost trend decider level of 1.3750. It should shatter overhead 1.3750 to continue the rally or additional the bears may arrive down...

Fundamentals Reports 29-01-2014 The Euro (1.3663) is not doing much after testing the foremost tendency decider grade of 1.3750. It must shatter above 1.3750 to extend the rally or additional the bears may arrive down very strongly once afresh. foremost move is anticipated only after the...

Fundamental Analysis 27/01/2014 CURRENCIES The Euro (1.3687) checked the major tendency decider grade of 1.3750. It should shatter overhead 1.3750 to extend the rally or else the bears may come down very strongly one time again. Dollar-Yen (102.40) has reached nearer to the foremost support...

Fundamental Analysis 24/01/2014 The Euro (1.3680) glimpsed a stellar rise yesterday, first breaking above the earlier opposition at 1.3600 on the powerful Eurozone PMI facts and figures and then benefitting from the pointed dip in the US-10Yr yield to 2.79%. The rally has recouped all of last...

23 January Report CURRENCIES Euro (1.3550) is making an accept Flag and may fall towards 1.34-1.33 on a shatter underneath 1.3500-30. Upside examines limited to 1.3600 for the instant as the tendency continues firmly down. Dollar-Yen (104.58) has rebound back from our support zone of...