Trade Idea: EUR/JPY – Look to sell on recovery

Monday, August 30th, 2010

Despite intra-day brief rise to 109.56 (our short position entered at 108.75 was stopped at 109.45), as price ran into heavy offers there and has retreated sharply, suggesting consolidation with mild downside bias is seen or weakness to 107.50 (50% Fibonacci retracement of 105.44-109.56), below 106.99-107.01 (previous support and 61.8%

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Trade Idea: EUR/JPY – Look to sell on recovery

Trade Idea: USD/CAD – Short entered at 1.0440 met target at 1.0300

Wednesday, August 18th, 2010

The greenback fell in line with our expectation and our short position entered at 1.0440 finally met indicated downside target at 1.0300 today (with 140 points profit), however, as price has recovered from 1.0273 (held above indicated support at 1.0255-57 61.8% Fibonacci retracement of 1.0108 to 1.0494 and last

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Trade Idea: USD/CAD – Short entered at 1.0440 met target at 1.0300

FX Forecast Update: Global Mid-cycle Slowdown to Support USD, JPY and CHF

Monday, August 16th, 2010

We look for EUR/USD to adjust lower in the short term as the dollar is too negatively priced. Europe is not such a rosy story as implied by current pricing

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FX Forecast Update: Global Mid-cycle Slowdown to Support USD, JPY and CHF