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Bank Research Consensus Weekly 04.23.12

A Different Place Spyros Andrepoulos, Joachim Fels & Manoj Pradhan, Morgan Stanley In this first issue of our new bi-weekly Global Macro Analyst, which replaces the weekly Global Monetary Analyst, we lay out our big-picture view of the global economic and policy environment. Our key theme has been and continues to be that even four [...]

Guest Commentary: MarketVisionTV – Swing Trading the Euro in Consolidation

Despite the stream of bad news for the Euro it remains vulnerable but still within consolidation. * Pivotal consolidation now seems to have narrowed to 1.2995-1.3225. * The drop to a likely 1.3110 intra day target should represent the first leg of a new decline to attack the 1.2995 pivotl * We are looking to [...]

USD Index Holds Key Support, AUD Eyes 1.02 Ahead Of Major Event Risk

The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.36 percent higher on the day after moving 73 percent of its average true range, and we may see market participants turn increasingly bullish ahead of the FOMC rate decision as the central bank moves away from its easing cycle. Although the Fed is widely expected [...]

US Dollar Offers Range Trading Opportunities vs. Euro

The US Dollar (ticker: USDOLLAR) continues to hold critical support and remains below significant resistance. We believe the USD may continue to offer range trading opportunities against the Euro and other currencies in the week ahead. DailyFX Individual Currency Pair Conditions and Trading Strategy Bias DailyFX PLUS System Trading Signals –The US Dollar (ticker: USDOLLAR) [...]