| Bank Research Consensus Weekly 08-31-09 (Daily FX) This week's Congressional Budget Office mid-year budget outlook highlights the problems inherent in conducting an "independent" monetary policy and an effective exit strategy in a subpar economic recovery. us.rd.yahoo.com |
Euro Considering Close Below 20-Day SMA (Daily Classical) (Daily FX) - Euro testing 20-Day SMA - Dollar/Yen upside seen - Cable looking oversold - Dollar/Swiss to 1.0500 us.rd.yahoo.com |
NZ dollar back over US74c The New Zealand dollar continued to push higher overnight following yesterday morning's surge when Fonterra lifted its forecast payout to dairy farmers by 19 per cent.The kiwi reached its highest level against the greenback in... nzherald.co.nz |
British Pound Testing Head and Shoulders Support Line (Daily FX) The USD remains strong and the GBPUSD is testing the neckline from a head and shoulders top that has been underway since mid-October. A break lower exposes Fibonacci extensions at 1.6115 and 1.5735. us.rd.yahoo.com |
Euro Finds Support As Stocks Regain Footing (Daily FX) The Euro has regained its footing after its sharp decline but support has been limited as equity markets have struggled to hold onto gains. The EUR/USD has been highly correlated with equity markets with volatility in the Dow explaining 46% of price action. us.rd.yahoo.com |