We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/MhP7opgk4a
  • Investors in stocks, commodity currencies and energy have been praying for a massive fiscal bazooka to combat the virus effects. It looks like they’re going to get it. Get your market update from @DavidCottleFX here:https://t.co/e2ciGSYftY https://t.co/Udoi5UMJrl
  • The ‘V-shaped’ recovery in USD/JPY just failed to hit its target and is now moving lower again. Important support is now being tested. Get your $USDJPY technical analysis from @nickcawley1 here: https://t.co/koiac0Rxvs https://t.co/CsVsS7PVMV
  • The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend off the worst of the #coronavirus‘ effects. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/GC5pwNbY9S https://t.co/OryobNq7uL
  • Before considering to enter a position, price action must come into contact with the upper or lower channel line at least three times. Learn how to validate a channel here: https://t.co/Rd5hDm7gRo https://t.co/mubPgmDRRY
  • A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers. Get your market update from @DavidCottleFX here: https://t.co/OWOi2HxejD https://t.co/jvMXT7te1h
  • The bullish engulfing candle is one of the forex market’s most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here: https://t.co/edEHzyoCJT https://t.co/vHPSW7Vm96
  • It was a big week for GBP/USD as Cable crushed shorts, rallying more than 1,000 pips off of last week’s lows. Get your $GBPUSD technical analysis from @JStanleyFX here: https://t.co/n6vYfe6Gfh https://t.co/zQq74Zzxsv
  • The bull flag pattern is a great pattern to add to a forex trader’s technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/ZNRBvNELeJ https://t.co/CKkWNMLkuw
  • The US Dollar could rise if key ISM, PMI and nonfarm payrolls data causes recession fears to swell and rekindles appetite for the haven-linked Greenback. Get your $USD market update from @ZabelinDimitri here: https://t.co/iTlnxWuSqn https://t.co/brEsDw2a5K
Bank Research Consensus Weekly 08.02.11

Bank Research Consensus Weekly 08.02.11

2011-08-02 14:10:00
David Song, Strategist
Share:
Bank_Research_Consensus_Weekly_08.02.11_body_BankResearch.png, Bank Research Consensus Weekly 08.02.11

Heading for the Worst Growth Since the Credit Crisis

Chetan Ahya, Economist, Morgan Stanley

Heading for India's inflation story is largely known and well understood - but we believe that downside risks to growth are not fully appreciated as yet. Indeed, we have been highlighting downside risks to our below-consensus growth estimates since April 2011. Growth had remained relatively strong until the quarter ending March 2011 - but clear signs of slowdown have emerged over the last 3-4 months. We believe that a combination of factors - including persistently high inflation, a higher cost of capital, a cut in fiscal spending to GDP, the weak global capital markets environment and a slow pace of investment - will cause a further slowdown in growth.

Full Story

Euro Area: Italian and Spanish Yields in New Highs

Anders Møller Lumholtz, Analyst, Danske Bank

Despite no significant news on either Italy or Spain, sovereign yields are trading at new highs. The Italian 10-year yield has surpassed the 6% barrier it reached exactly three weeks ago. This morning Italy’s 10-year yields have been trading as high as 6.20%, around 20bp higher than yesterday’s close. Also two-year yields are up 20bp, trading around 4.70%.

Full Story

With Greece “Stabilized,” Will the Fire Spread?

John E. Silvia, Chief Economist, Wells Fargo

The second bailout of Greece is a major stride toward stabilization in that country; however, substantial risks remain. With Greece off the ropes, for now, our focus turns toward other vulnerable Eurozone countries; namely, Belgium, Ireland, Italy, Portugal and Spain. For each country, we took four growth rate and four interest rate assumptions and determined what primary surpluses would stabilize their debt-to-GDP ratios.

Full Story

Canada – A Far From Ordinary Week

Sonya Gulati, Economist,TD Bank Financial Group

If this past week were a typical one, today’s release of Canadian GDP numbers would have grabbed all the business news headlines; we would have then spent the rest of this commentary analyzing the numbers. However, the last few days have been far from ordinary; so we instead summarize the GDP release in just a few sentences. Real economic growth contracted M/M by 0.3%, the largest decline posted in two years. Of note, oil production output came in lower in May due to several factors: (1) maintenance shutdowns at some oil fields; (2) wildfires in northern Alberta; and (3) lingering global supply chain disruptions stemming from the March Japanese earthquake and tsunami.

Full Story

Other Pre-screened Independent Contributors

J-Chart

J-Chart is an innovative charting and bias-neutral market analysis tool. Based on its proprietary theoretical concept and display of market price action, J-Chart provides a much clearer and unique insight into the market than conventional charting methods. This innovative charting and market analysis tool is designed to visualize market price action that constructs unique price patterns called "Equilibriums". Based on its "non-fixed time frame" concept and "Kinetic Equilibrium" application, J-Chart users are able to forecast markets' future movements with high accuracy.

J-Chart Weekly Newsletter

Compiled by David Song, Currency Analyst

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.