USD/CAD Weekly Outlook


16th February 2008

USD/CAD rebounded strongly last week after edging lower to 0.9920. Such rebound argues that correction from 0.9871 is still in progress. Initial bias is on the upside this week and break of 1.0126 cluster resistance (50% retracement of 1.0378 to 0.9781 at 1.0125) will confirm this case and encourage...




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GBP/USD Weekly Outlook


16th February 2008

Cables rebound from 1.9386 extended further to 1.9737 last week but retreated since then. From a short term angle, outlook in neutral initially this week. But with 1.9550 support remains intact, further rally is still mildly in favor. As discussed before, break of 1.9788 resistance will indicate th...




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Is The Correlation Between Carry Trades And Equities Fading?


16th February 2008

Ever since the subprime credit crisis struck the financial markets last summer, carry traders have been struggling. The glory days of high yield and consistent...




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Dollar Extends Losses as Consumer Confidence Falls to 16 Year Low


16th February 2008

The US dollar continued to face increased pressures as fresh economic data pointed to further weakening in the economy, and caused investors to take a...




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What Could Drive the Dollar Higher Next Week?


16th February 2008

- Euro Rallies but Eurozone Growth Could Continue to Slow - Bank of Japan Leaves Interest Rates Unchanged




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