Posted by Mizuho Corporate Bank | Posted in Forecasts / Analysis, Forex News | Posted on 21-11-2008
Quote: ‘Who can I tear to pieces if not my friends? If they were not my friends, I could not do such violence to them.’ Francis Bacon (1909-1992) The News: US big three car makers told to come back with detailed rescue plans in ten days’ time. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 06:00 JP Bank of Japan Monthly Report and interest rate decision: unchanged at 0.30%. 08:30 DE November Manufacturing PMI (40 to 44, Services 46.8 to 48.5, versus 42.9

Prices pressures in Canada are expected to weaken further as economists forecast the consumer price index to slip to an annual reading of 3.1% from 3.4% in September. Falling oil prices paired with the slowdown in the economy has certainly helped to curb the upside risks for inflation, and may weaken further over the coming months as commodity prices continues to tumble lower. Trading the News: Canadian Consumer Price Index (YoY) What’s Expected Time of release: 11/21/2008 12:00 GMT, 07:00 EST

It is a dangerous proposition to range trade one of the currency market’s most volatile pairs; but technical patterns and risk/reward is so clear for GBPJPY that a good setup (with risk included) can be established. Why Would GBPJPY Stay in a Range? Levels to Watch: -Range Top: 146.50 (Trend, Fibs, SMA) -Range Bottom: 139.00 (Triple Bottom) Volatility is a staple of the popular GBPJPY. However, ranges do exist for this pair when broad risk trends settle. Considering market activity across the

European Session EUR/USD - Euro Dollar 1,2524. EUR USD is in an downtrend directed by daily exponential moving averages. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2390 (134 pips). If the support is broken then the target will be 1,1950 (574 pips). We are

Pair testing channel top from 1.4867 again and toying back with 1.2527 (see graph): Support area at 1.2426 (current week low), with next levels at 1.2388 (Nov 13 low), ahead of 1.2353/ .2343 (daily envelope bottom/ daily Bollinger bottom): tough on 1st attempts. If wrong, next levels at 1.2331 (reaction low off high) and 1.2300 (2nd target of daily channel break off 2005 low), where pause favored, amid bullish divergences threats. Resistance at 1.2547/ .2555 (daily Short Term Moving Average↓/

Posted by Comstock Partners Inc. | Posted in Forecasts / Analysis, Forex News | Posted on 21-11-2008
We had been selling our research for many years before the year 2000, but after writing about the financial mania of the late 1990s, we felt that we were saying the same thing in every research report we wrote. "The savings rate was collapsing, debt was rising at an unprecedented rate (at every level), and the stock market rose to alarming valuation levels that could not possibly be sustained." Attached, we show a Ned Davis chart depicting the debt to GDP relationship over the past 6 decades,

My pattern and momentum work in the Q's (Nasdaq: QQQQ) argue that the downleg from the June 2008 recovery rally peak at 50.61 is at or is very near completion ahead of a potent recovery rally period that should propel the Q's into the 33.00-34.00 target zone. Can we loop down and retest this morning's low at 26.00 -- and possibly make new lows? Definitely, but relatively marginal new lows should be short-lived prior to a vicious snapback rally period. (12:45pm EST, 27.21).

Several words about the EUR/USD future. Resistance (daily close) : 1.3182 , 1.3364, 1.3590 и 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 и 1.9430 (published on 23.10.2008). Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of the latter woyld give 1.1533, 1.1352 and 1.1181 (published оn
