COMMENTARY

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  GBP/JPY to Resume Downtrend at 132.54?
  Written by Bradley Gareiss
  Last updated 9/3/2010 6:32:09 PM ET
  A bearish three drives pattern is forming on the GBP/JPY.
  0 comments
• Who Wants To Buy Dollars?
  Written by Kathy Lien
  Last updated 9/3/2010 5:47:47 PM ET
  Who wants to buy dollars? Based upon today’s price action, no one does. The non-farm payrolls report was not as weak as the market had feared and in fact was pretty good when taking into consideration prior revisions.
  9 comments
• The Gartley Pattern
  Written by Roger Stojsic
  Last updated 9/3/2010 11:17:57 AM ET
  What it is, why it's important, and how to find it...
  49 comments
• Payrolls Report Bullish for Dollar and US Economy
  Written by Kathy Lien
  Last updated 9/3/2010 8:50:45 AM ET
  The U.S. dollar skyrocketed after the stronger than expected non-farm payrolls report. Not only did the headline number surprise to the upside, but private sector job growth beat expectations with the July figures also revised sharply higher.
  9 comments
• Cable Remains the Weakest Link Ahead of NFP
  Written by Boris Schlossberg
  Last updated 9/3/2010 6:00:15 AM ET
  On an otherwise typically quiet pre-NFP night of trade, the pound came under pressure once again after UK Services PMI missed by a wide margin printing at 51.3 versus 53.0 eyed. This was the weakest Services PMI reading since April of last year and the third PMI gauge to miss expectations this week suggesting that Q3 growth in the UK economy will slow markedly.
  2 comments
• Can The Rally in Franc Continue?
  Written by Boris Schlossberg
  Last updated 9/3/2010 4:13:35 AM ET
  Swiss CPI printed at 0.0% today a bit softer than the 0.1% expected suggesting that price pressures in Switzerland remain muted as result of the strength of the Swiss franc. This was the fourth month in row that CPI data has printed negative or flat, hinting at some possible deflationary developments in the Swiss economy, but the SNB is unlikely to be concerned about the latest reading given the healthy growth in GDP.
  10 comments
• USD: More QE Depends on NFP
  Written by Kathy Lien
  Last updated 9/2/2010 4:36:57 PM ET
  Currencies and equities have consolidated ahead of Friday’s non-farm payrolls report with the dollar trading slightly lower indicating that investors are bracing for a softer report
  2 comments
• Trade Update: Managing GBP/CAD Risk
  Written by Roger Stojsic
  Last updated 9/2/2010 4:18:17 PM ET
  Stops have been moved to breakeven as a result of recent technical, and upcoming fundamental, data...
  1 comment
• August Non-Farm Payrolls Preview
  Written by Kathy Lien
  Last updated 9/2/2010 11:12:13 AM ET
  Central banks and investors around the world are worried about the outlook for the U.S. economy. Whether these fears are accurate or misplaced will hinge on tomorrow’s non-farm payrolls report.
  5 comments
• ECB Comments Trigger Volatility in Euro, Mixed US Data
  Written by Kathy Lien
  Last updated 9/2/2010 10:04:53 AM ET
  It has been a topsy-turvy morning in the foreign exchange market with the euro on a rollercoaster ride throughout ECB President Trichet's press conference. As usual, the European Central Bank kept interest rates unchanged at 1.00 percent, leaving the market to focus on the comments from the head of the central bank.
  2 comments
• Euro Holds Gains- Will ECB Hint At Tightening ?
  Written by Boris Schlossberg
  Last updated 9/2/2010 5:31:33 AM ET
  A relatively muted session in FX markets overnight with cable underperforming the rest of the high beta FX as weak UK housing data weighs on the unit. UK Nationwide survey showed a much larger than expected decline in prices of -0.9% versus -0.3% eyed while UK Construction PMI data missed forecasts printing at 52.1 versus 53.5 projected.
  0 comments
• Japan's Political Drama May Expedite Intervention in the Yen
  Written by Boris Schlossberg
  Last updated 9/2/2010 3:55:15 AM ET
  Ichiro Ozawa who is mounting a leadership challenge for the ruling Democratic Party of Japan stated last night that the government must stop rapid rises in the yen. However he acknowledged that there was limited scope for BOJ to act alone on the issue and conceded that FX intervention without coordinated action by G-3 may not have much effect. Nevertheless, his comments clearly intended to put further pressure on Mr. Kan to act more forcefully with respect to yen’s relentless rise.
  0 comments
• GBP/NZD Long Opportunity at 2.1622
  Written by Bradley Gareiss
  Last updated 9/1/2010 9:01:57 PM ET
  A bullish butterfly pattern is forming on the GBP/NZD.
  12 comments
• USD: Sustainability Of Rally Hinges On Payrolls
  Written by Kathy Lien
  Last updated 9/1/2010 5:20:37 PM ET
  The first trading day of September has started off with a bang and we can only hope that the performance in the financial markets for the rest of the year will be as strong as what we have seen today. U.S. stocks closed up more than 2 percent leading to an improvement in risk appetite that drove all of the major currencies higher.
  0 comments
• GBP/CAD Uptrend to Resume at 1.6167?
  Written by Roger Stojsic
  Last updated 9/1/2010 2:38:00 PM ET
  An opportunity to buy the GBP/CAD at 1.6167 has emerged based on bullish Gartley pattern development on the 2hr chart
  0 comments