October 2011

Bank Research Consensus Weekly 10.31.11

The dollar has fallen just as fast as it rallied and is now almost back to August levels. This has caught the market on the wrong foot, as a general euro bearish sentiment meant that investors had been sitting on significant short euro positions. These are now being unwound – explaining the speed of the correction.
Kasper Kirkegaard, Senior Analyst, Danske Bank

GBP/USD: Trading the Advance 3Q U.K. GDP Report

Economic activity in the U.K. is expected to expand at a faster pace in the third-quarter, and a positive GDP report should prop up the British Pound as it encourages an improved outlook for the region.

US Dollar Speculative Longs Decline from Record

US Dollar speculative long positions have declined from a record. The surge in longs since September is reminiscent of the Fall of 2008 and late 2009.

Forex Strategy Outlook: Volatility Guaranteed, Breakouts Attractive

An exceedingly busy economic calendar points to major moves in the Euro/US Dollar, US Dollar/Japanese Yen, and other key forex pairs. We favor trading high-volatility strategies until further notice.

USD To Consolidate Ahead Of FOMC, Yen Weakness To Be Short-Lived

The greenback rallied across the board on Monday and the reserve currency may continue to appreciate over the next 24-hours of trading as market sentiment falters.

Intervention Fuels Massive Yen Sell-Off, USD Mounts Counter-Offensive

The dollar is stronger across the board at the start of trade this week ahead of significant event risk and fueled by a massive currency intervention from the Japanese Finance Ministry. The sterling has held on rather well as the dollar stages it’s advance.

USDOLLAR Roars into 200 day Average from Oversold Condition

Japanese Yen Intervention Comes AFTER 5 Wave Move

Canadian Dollar 10055 is of Interest

Euro Former Support Line Serves as Resistance

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