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  1. PFX Commodities and Crosses Trading Outlook: 10 September 2008

    by , 09-10-2008 at 10:51 AM (Forex Education and Analysis)
    PFX Commodities and Crosses Trading Outlook: 10 September 2008

    by John Jagerson

    REVIEW: 9 September 2008

    Commodity prices again led the USD to deeper gains across most of the majors. In particular we saw a lot of weakness on the AUD/USD which was probably partially driven by bad retail sales and home numbers. Retail sales are a reasonably predictive number for general economic health and I think strengthen the case agains the AUD.

    From a technical point of view the Roger's Commodity Index, which is a broad based index of commodity futures prices, has continued its decline from a head and shoulders pattern formed this year. This predicts a lot more weakness in commodities in general ...
  2. PFX Major Pairs Trading Outlook: 10 September 2008

    by , 09-10-2008 at 10:49 AM (Forex Education and Analysis)
    PFX Major Pairs Trading Outlook: 10 September 2008

    by S.Wade Hansen

    REVIEW: 9 September 2008

    The bullish progress of the U.S. dollar (USD) was stopped today as the U.S. stock markets gave back all of their gains from yesterday, and then some. Looking at the state of Lehman Brothers, the credit crisis appears to be in full swing still. Plus, we saw that the Pending Home Sales numbers dropped by 3.2 percent---just another reminder that the U.S. housing mess is far from reaching a bottom.

    However, with all of that bearish sentiment, the USD was still able to hold its ground pretty well against the British pound (GBP), the euro (EUR) and the Swiss franc (CHF). The one major currency ...
  3. Debate On Risk And The Carry Trade Leads To Mixed Yen Forecasts

    by , 09-10-2008 at 10:35 AM (Analyst Picks)
    Debate On Risk And the Carry Trade Leads To Mixed Yen Forecasts

    Click For Full Article

    The unwinding of the carry trade has been more momentous than even the dollar's rally. However, the run seems to have lost steam recently. With market-moving news and technical breaks continuing to come across the wires though, there are nonetheless expectations for profitable moves. See what direction are analysts are looking and why, below:

    Jaime Saettle

    My picks: CADJPY Long, against 99.43, target 102.50
    Expertise: Technical
    Average Time Frame of Trades: 1 month (this is short term)

    John Kicklighter

    My picks: Pending NZDJPY
    Expertise: Combining ...
  4. Projected Bottom for the GBP/JPY

    by , 09-10-2008 at 10:21 AM
    Projected Bottom for the GBP/JPY

    After hitting last month's targets and a brief retracement back up to test the 200 moving average as resistance, the GBP/JPY has resumed its downward movement.

    Where will the unwind of the carry trade eventually leave us?

    Our current projection, based upon a 38.2% Fibonacci retracement, is at 178.71, with price likely to encounter support along the way at 188.82 and 184.32

    197.84 will likely act as resistance, capping off any surprise moves to the upside.

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