Wells Fargo - "Japanese Yen (JPY) Outlook: We expect the yen to weaken over the medium-term. Some near-term corrective strength is possible, given sizeable short positions and extended technicals. Longer-term fundamentals have turned negative for the yen however, including soft growth and aggressive monetary easing, both past and prospective. The government’s expansive fiscal policy also aims to reflate the economy, while ongoing Fed easing could slow the speed of yen…Continue
Added by Francesc Riverola on January 18, 2013 at 10:13am — No Comments
Danske Bank - "The euro remains bid and EUR/CHF has broken higher and thereby reached our 1.25 target (...) for a 2.9% profit.
(...)We continue to see EUR/CHF risks skewed to the upside and will look for an opportunity to re-enter a long position. Yes, price momentum is looking stretched, but if this is the structural shift in capital flows with the Euro crisis safe-haven flows leaving Switzerland then there should be much further potential (we would expect a test of1.30 in that…
Added by Francesc Riverola on January 18, 2013 at 10:01am — No Comments
EUR/USD reacted positively to positive economic data out of the US on Thursday, and is testing the 1.34 line. In Spain, borrowing costs fell, which also helped the euro. It is been a roller-coaster week for the pair, which has seen strong movement in both directions. In economic news, there are no Eurozone releases scheduled for Friday. The markets will be waiting for the US to release Preliminary…Continue
Added by Yohay Elam on January 18, 2013 at 9:17am — No Comments
Royal Bank of Scotland - "USDINR has been trading in a narrow range for the past two months in the absence of a catalyst. However, if the government steps up reforms – and the move yesterday to partially deregulate domestic diesel pricing should be taken as a positive signal – the pair could see downward momentum build. Indeed, if the moves can allay fears of a ratings downgrade, it may lead to increased offshore capital inflow – inflows that are crucial to the INR: India…Continue
Added by Francesc Riverola on January 18, 2013 at 9:00am — No Comments
EURUSD reversed perfectly higher after recent corrective pull-back to 1.3260 region as highlighted in our past analysis. Pair recovered more than 140 pips since then and is now threatening highs from January 14th. With hat said, market reaction suggests that wave four pull-back is complete and that prices are now rising in wave (v), final leg of an impulsive sequence that still can reach 1.3500 in the next few days; thats 61.8% of wave (iii) distance measured from wave (iv) low @1.3256…Continue
Added by Gregor Horvat on January 18, 2013 at 9:00am — No Comments
UBS - "On January 14th we entered a trade recommendation to buy EURCHF at 1.2260 with an initial target of 1.2550 and a stop at 1.2120 (for a potential gain of 2.4%).
The cross has traded significantly higher in recent days we now raise the target on this trade to 1.2750. We also trail the stop to 1.2500.
Added by Francesc Riverola on January 18, 2013 at 8:24am — No Comments
Added by Carol Harmer on January 18, 2013 at 6:58am — No Comments
Added by Carol Harmer on January 18, 2013 at 6:41am — No Comments
USD weakened over the board on Wednesday, expect the USD to weaken further with some exception in oceanic pairs.
Outlook USD Neutral to Weak
Retail Sales m/m GBP 4:30 am EST
Prelim UoM Consumer Sentiment USD 9:55 am EST…
Added by Sardar Uddin on January 18, 2013 at 6:22am — No Comments
ASSALAM O ALEIKUM my dear fellows
first of all thanx to ALLAH
by the grace of ALLAH yesterday our targets reached successfully…
EUR recovered from mid week losses and now is just below week's top at 1.3404. It is expected to make a new top today. The absolute target is MA200 @ 1.3485 but i am not sure if we shall reach it or somewhere below the bulls will start profit taking. Yesterday the EUR price was well supported by the good results of Spain's auction and the far more bad Philadelphia's index, even decreasing the jobless claims couldn't stop the desire of the bulls for a new top. Where will be the new top - well…Continue