Monday, June 29, 2009

UNITED WOLRD CAPITAL Eurozone: The Contraction of Retail Sales for the 13th Month in a Row

The Bloomberg Retail PMI showed a slight improvement, but still it could not lift the sector from contraction to expansion as the indicator is below 50 which refer to another decline and contraction in retail sales that the consumer plays a major role in determining its trend. . UWCFX

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[Source: Eurozone: The Contraction of Retail Sales for the 13th Month in a Row]

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UNITED WOLRD CAPITAL Australian Dollar Down After Chinese Comments

The Australian dollar, often referred as the Aussie, fell for the first time in 5 days against the U.S. dollar and other currencies after China’s comments indicating that the greenback will continue to be the main world reserve currency, damping demand for the Australian dollar high-yielding profile.(...)Read the rest of Australian Dollar Down After Chinese Comments (173 words)
Posted on Forex News.. UWCFX

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[Source: Australian Dollar Down After Chinese Comments]

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UNITED WOLRD CAPITAL Currency Technical Report

Euro moved sideways for the most of the day yesterday between 1,3900 and 1,4000. Later an upward reaction was formed and resistance at 1,3970-80 was breached and turned into a support. The rise today was resumed to 1,4050-60, where bears gained momentum and support at 1,3980-00 is likely to be.... UWCFX

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[Source: Currency Technical Report]

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Sunday, June 28, 2009

UNITED WOLRD CAPITAL Moving Average Convergence Divergence

MACD, which stands for Moving Average Convergence Divergence, is a trend-following momentum.... UWCFX

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[Source: Moving Average Convergence Divergence]

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UNITED WOLRD CAPITAL Dollar Declines on China Alternative Reseve Currency Demand

The Dollar ended the week losing against several major currencies after China declared this Friday that a supranational currency should be created for regulating international trade, damping demand for the greenback, which is currently the world main reserve currency.(...)Read the rest of Dollar Declines on China Alternative Reseve Currency Demand (172 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Declines on China Alternative Reseve Currency Demand]

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UNITED WOLRD CAPITAL Chart Of The Day: EUR/JPY

EUR/JPY, a daily chart of which is shown, has been consolidating right underneath the key 135.00 support/resistance level for the last week and a half, while still respecting a parallel uptrend channel that has been in place since late April. On a longer-term basis, a strong uptrend actually extends all.... UWCFX

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[Source: Chart Of The Day: EUR/JPY]

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Tuesday, June 23, 2009

UNITED WOLRD CAPITAL USD Rally Forcefully Rejected Today

The GBP rally ended with a bang today after yesterday's reversal on very weak performance in bank stocks. It seemed the market was looking for an excuse to get out of the overbought currency , as credit for the GBP sell-off today was credit to the BoE's Dale's comments that.... UWCFX

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[Source: USD Rally Forcefully Rejected Today]

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UNITED WOLRD CAPITAL Brazilian Real World Biggest Loser as Recession Concerns Rise

The Brazilian currency had the worst performance among the most traded currencies, as confused signals about the world economic situation increased risk aversion among traders, which are leaving high-yielding currencies to purchase safer assets.(...)Read the rest of Brazilian Real World Biggest Loser as Recession Concerns Rise (184 words)
Posted on Forex News.. UWCFX

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[Source: Brazilian Real World Biggest Loser as Recession Concerns Rise]

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UNITED WOLRD CAPITAL UK: BBA Loans for House Purchases Beat Expectations!

Today in the United Kingdom, the British Bankers Association (BBA) released its loans for home purchases showing that it beat analyst expectations as they came in higher yet we are seeing that net mortgage lending posted the smallest rise since 2001. BBA loans for house purchases for the month of.... UWCFX

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[Source: UK: BBA Loans for House Purchases Beat Expectations!]

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Monday, June 22, 2009

UNITED WOLRD CAPITAL USD/JPY Mid-Day Outlook

USD/JPY weakens mildly today but stays inside tight range of 95.51 and 97.18. Intraday outlook remains neutral for the moment. On the downside, below 95.51 will suggest fall from 98.87 is still in progress and could dip to 94.44 support. Nevertheless, as such decline is treated as the final leg.... UWCFX

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[Source: USD/JPY Mid-Day Outlook]

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UNITED WOLRD CAPITAL How Real is the Inflation Threat?

Recent developments have raised concerns that the UK could be facing an upsurge in price inflation over the coming years. Since early March, oil prices have doubled; the economy has found a firmer footing; and broad measures of inflation expectations have shifted higher. The rise in some of the forward-looking.... UWCFX

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[Source: How Real is the Inflation Threat?]

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UNITED WOLRD CAPITAL EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains on the downside for the moment. Break of 1.3747 low will confirm that whole fall from 1.4337 has resumed and should then target trend line support (now at 1.3386) next. On the upside, however, above 1.4011 will flip intraday bias back to the upside and.... UWCFX

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[Source: EUR/USD Mid-Day Outlook]

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UNITED WOLRD CAPITAL Dollar Strong Ahead of This Week's FOMC Meeting

Today has seen the dollar gain slightly against the euro, despite high Euro zone data and expectation of a quick recovery returning to trader's minds. The buck seems to be gaining on the back of poor economic estimates by the World Bank, which announced a 2.9% contraction in world economy..... UWCFX

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[Source: Dollar Strong Ahead of This Week's FOMC Meeting]

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UNITED WOLRD CAPITAL Pound Falls on U.K. Home Prices Drop

The British pound fell against the U.S. dollar as a report indicated the first fall in U.K. home prices in five months, increasing risk aversion towards the pound sterling outlook.(...)Read the rest of Pound Falls on U.K. Home Prices Drop (225 words)
Posted on Forex News.. UWCFX

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[Source: Pound Falls on U.K. Home Prices Drop]

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UNITED WOLRD CAPITAL Weekly Forex Signals: EUR/USD

Technical analysis shows the euro may continue its downtrend as MACD giving us a selling signal by crossing the signal line to MACD line downwards RSI breaks 70% line and is in a downtrend. We have strong supply in the market as stochastic shows us the market movement and Bollinger.... UWCFX

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[Source: Weekly Forex Signals: EUR/USD]

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UNITED WOLRD CAPITAL Pound Drops After Rise in Unemployment

The pound posted losses versus the main currencies after a bearish day in the stock market followed by a rise in the United Kingdom unemployment figures, damping demand for the British currency.(...)Read the rest of Pound Drops After Rise in Unemployment (186 words)
Posted on Forex News.. UWCFX

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[Source: Pound Drops After Rise in Unemployment]

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Sunday, June 21, 2009

UNITED WOLRD CAPITAL Canadian Dollar Falls as Stocks Decline

The loonie had a third week of losses as a fall in U.S. stocks and crude oil decreased the attractiveness for the high-yielding profile of the Canadian currency.(...)Read the rest of Canadian Dollar Falls as Stocks Decline (250 words)
Posted on Forex News.. UWCFX

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[Source: Canadian Dollar Falls as Stocks Decline]

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UNITED WOLRD CAPITAL U.S. Market Update

In currencies, the greenback maintained a tone of consolidation tone during the New York session despite firmer equities, with EUR/USD unable to capitalize on higher gold or oil prices. CAD retraced its earlier strength and moved above the 1.13 level following the weaker than expected Canadian retail sales data. The.... UWCFX

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[Source: U.S. Market Update]

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Thursday, June 18, 2009

CYP/RUB

1 Russian Rouble = 0.01543 Cyprus Pound

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[Source: UWCFX Associates]

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UNITED WOLRD CAPITAL Philly Fed Survey Roils Dollar

A surprise jump in the Philadelphia Fed report of business expectations was taken as a complimentary measure in support of the first downturn in continuing jobless insurance claims. The dollar, which was already having a sloppy session, turned decidedly lower and hit $1.40 against the euro. In the same vein.... UWCFX

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[Source: Philly Fed Survey Roils Dollar]

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UNITED WOLRD CAPITAL Poor Data Undermines Sterling

Confidence in the UK economy should still be relatively resilient in the short term which will provide currency support, but the weaker than expected retail sales and government borrowing data will certainly make it more difficult for the currency to make any headway. Sterling will also be much more vulnerable.... UWCFX

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[Source: Poor Data Undermines Sterling]

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UNITED WOLRD CAPITAL Pound Slides on Unexpected Negative Data

Retail sales dropped in May for the first time in three months, a fact that was not predicted by analysts, weighing negatively on the pound outlook for this Thursday making it to lose ground against the greenback and the euro.(...)Read the rest of Pound Slides on Unexpected Negative Data (194 words)
Posted on Forex News.. UWCFX

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[Source: Pound Slides on Unexpected Negative Data]

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UNITED WOLRD CAPITAL Markets Watching EURCHF

The USD was stable in the Asian session, on light volumes. The EURUSD and USDJPY traded in relatively tight ranges of 1.3920-1.3970 and 95.60-96.00, respectively, despite the fact that general risk appetite continues to struggle. Mounting negative news has yet to see follow through into the USD, making us consider.... UWCFX

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[Source: Markets Watching EURCHF]

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Wednesday, June 17, 2009

UNITED WOLRD CAPITAL Eur/Usd Trading in a Channel

The Eur/Usd has been in a tight trading range since yesterday the pair has challenged the 1.3930.... UWCFX

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[Source: Eur/Usd Trading in a Channel]

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CZK/USD

1 US Dollar = 19.16727 Czech Koruna

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[Source: UWCFX Associates]

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UNITED WOLRD CAPITAL USDJPY: Maintaining Downside Bias Nearer Term

Having broken back into its broken falling channel and 200 daily ema , USDJPY continues to face downside weakness testing a low of 95.96 in early trading today. Further down, supports are located at the 94.45 level, its Jun'01'09 high with a turn below there allowing for further losses towards.... UWCFX

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[Source: USDJPY: Maintaining Downside Bias Nearer Term]

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UNITED WOLRD CAPITAL Dollar Falls Slightly as Interest Rate Speculations Grow

The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday.(...)Read the rest of Dollar Falls Slightly as Interest Rate Speculations Grow (173 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Falls Slightly as Interest Rate Speculations Grow]

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UNITED WOLRD CAPITAL Technical Analysis Daily: USD/JPY

Dollar/Yen made significant descending movement yesterday with around 120 pips. On the 1 hour chart is seen that the triangle formation was penetrated downwards, suggesting likely descending scenario. Short term signals are bearish with objectives towards the region of 95.65. Immediate support is seen in 95.95. The nearest resistance is.... UWCFX

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[Source: Technical Analysis Daily: USD/JPY]

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UNITED WOLRD CAPITAL Dollar Climbs Before G-8 Meeting

After several days of losses, the greenback rebounded, ending the week with a rather neutral performance before a G-8 meeting, where Timothy Geithner may state in favor of a strong U.S. dollar.(...)Read the rest of Dollar Climbs Before G-8 Meeting (184 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Climbs Before G-8 Meeting]

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Tuesday, June 16, 2009

CZK/RUB

1 Russian Rouble = 0.61970 Czech Koruna

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[Source: UWCFX Associates]

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UNITED WOLRD CAPITAL USD/CHF Mid-Day Outlook

USD/CHF's touching of 1.0821 minor support indicates that an intraday top is in place at 1.0954 and turns outlook neutral for the moment. Some consolidation could be seen with risk of deeper retreat. But downside should be contained by 1.0650 support and bring rally resumption. As mentioned before, break of.... UWCFX

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[Source: USD/CHF Mid-Day Outlook]

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UNITED WOLRD CAPITAL Euro Rebounds Versus Dollar on German Confidence Report

After days of decline versus the dollar, the euro climbed against the greenback after the German economic sentiment rose at a level higher than expectations, creating speculations of a quick European economic recovery, spurring demand for the Eurozone currency.(...)Read the rest of Euro Rebounds Versus Dollar on German Confidence Report (183 words)
Posted on Forex News.. UWCFX

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[Source: Euro Rebounds Versus Dollar on German Confidence Report]

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UNITED WOLRD CAPITAL Usd Gains Halted as Risk Appetite Returns

The USD lost some ground, as European markets opened higher and risk appetite seems to be cautiously creeping back. The EURUSD rallied to 1.3900, while the JPY crosses, which had been under significant selling pressure, rallied across the board. Yesterday, the S&P closed down almost 2.4% and major indexes in.... UWCFX

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[Source: Usd Gains Halted as Risk Appetite Returns]

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UNITED WOLRD CAPITAL New Zealand Dollar Advances as Interest Rates Remain Stable

The kiwi, as the New Zealand currency is often associated with, posted gains versus most of the main currencies as the national interest rate remained uncut.(...)Read the rest of New Zealand Dollar Advances as Interest Rates Remain Stable (190 words)
Posted on Forex News.. UWCFX

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[Source: New Zealand Dollar Advances as Interest Rates Remain Stable]

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Monday, June 15, 2009

UNITED WOLRD CAPITAL Latvia�s Government Sells National Currency

The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation moved closer to get the next tranche of a billionaire loan to rescue the weakened Baltic economy.(...)Read the rest of Latvia’s Government Sells National Currency (239 words)
Posted on Forex News.. UWCFX

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[Source: Latvia�s Government Sells National Currency]

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UNITED WOLRD CAPITAL EURUSD: Breaks Down, Turns Focus To The 1.3805/1.3738 Region

EUR turned sharply lower in early morning trading today following through to the downside on its Friday losses and wiping out its last weeks gains to expose the 1.3805 level , its Jun'09 low and the 1.3738 level, marking its Mar 19'09 high. We envisage that these levels should hold.... UWCFX

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[Source: EURUSD: Breaks Down, Turns Focus To The 1.3805/1.3738 Region]

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UNITED WOLRD CAPITAL Dollar Slides as Speculations Spur Demand for Yield

The greenback dropped this Thursday as increasing speculations of a world economic recovery increased risk appetite among traders, inducing the purchase of high-yield currencies.(...)Read the rest of Dollar Slides as Speculations Spur Demand for Yield (183 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Slides as Speculations Spur Demand for Yield]

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Sunday, June 14, 2009

UNITED WOLRD CAPITAL Trade Idea: USD/JPY - Exit Long Entered at 97.45

DLR/YEN did rebound last Friday as we expected and although price is approaching the 93.55.... UWCFX

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[Source: Trade Idea: USD/JPY - Exit Long Entered at 97.45]

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UNITED WOLRD CAPITAL USDCHF Daily Outlook: June 15

USDCHF Outlook
.... UWCFX

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[Source: USDCHF Daily Outlook: June 15]

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UNITED WOLRD CAPITAL Dollar Strengthens Broadly on Improving Consumer Sentiment as Gold Slumps

The dollar pared losses from the previous session and extended gains across the board as gold plummeted to $938oz and investors took profits on the dollar's recent decline. The EurUsd fell 134pips testing 1.39 as a point of resistance, while the UsdJpy rose to 98.29 level after reaching 98.42 earlier..... UWCFX

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[Source: Dollar Strengthens Broadly on Improving Consumer Sentiment as Gold Slumps]

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UNITED WOLRD CAPITAL Weekly Economic and Financial Commentary

Financial markets are acting as if the recession is ending and recent economic data tend to support that notion. We are now projecting that the recession will end this summer. The strength and durability of the recovery remain very much in question, however, and the economy is expected to have.... UWCFX

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[Source: Weekly Economic and Financial Commentary]

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UNITED WOLRD CAPITAL Canadian Dollar Falls as Crude Oil Price Declines

The loonie posted the sharpest fall in 4 days against all major currencies, interrupting a bullish trend as the price of crude oil stopped its rally, damping demand for the Canadian currency high-yielding profile.(...)Read the rest of Canadian Dollar Falls as Crude Oil Price Declines (189 words)
Posted on Forex News.. UWCFX

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[Source: Canadian Dollar Falls as Crude Oil Price Declines]

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UNITED WOLRD CAPITAL Yen Continues Fall as Demand For Yield Rises

The Japanese currency had a day of losses against major currencies and higher-yielding assets as the global slump eases, improving investor’s confidence to take riskier positions.(...)Read the rest of Yen Continues Fall as Demand For Yield Rises (180 words)
Posted on Forex News.. UWCFX

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[Source: Yen Continues Fall as Demand For Yield Rises]

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Thursday, June 11, 2009

UNITED WOLRD CAPITAL Another Notch Down in Business Inventories

Retailers, wholesalers and manufacturers drew down inventories at a 1.1 percent pace in April, which represents one more month of progress in an extremely long process, as businesses got caught with far too much supply early in the recession. The weak sales environment has firms still searching for an elusive.... UWCFX

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[Source: Another Notch Down in Business Inventories]

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UNITED WOLRD CAPITAL WANTED: Money for Uncle Sam

In our estimate, the U.S. Treasury will have to raise over $2 trillion dollars this year to finance new obligations. In addition, over $2 trillion in government debt held by the public is coming due and has to be re-financed this year. My pocket calculator tells me that this requires.... UWCFX

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[Source: WANTED: Money for Uncle Sam]

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Wednesday, June 10, 2009

UNITED WOLRD CAPITAL U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up

The loonie continued its rally after a day of losses as the main trading partner of Canada, the United States, is showing signs of an economic revival.(...)Read the rest of U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up (181 words)
Posted on Forex News.. UWCFX

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[Source: U.S. Economy Recovery, Crude Oil Push Canadian Dollar Up]

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UNITED WOLRD CAPITAL Aud/Usd Wave 5) Target, S&P Futures Still Looking for Wave 4 Top

On the Aussie we re-worked the previous bearish wave count into an uptrend continuation count, as the zig-zag correction, discussed yesterday, labeled as wave A, B and C seems to be in place. We can see a clear three wave down from the wave 3) top, to 0.7826 lows; the.... UWCFX

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[Source: Aud/Usd Wave 5) Target, S&P Futures Still Looking for Wave 4 Top]

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UNITED WOLRD CAPITAL Brazilian Real Demand Rises as Commodities Rally Strengthens

The Brazilian currency continued its rally against the dollar, euro, as the demand for commodities continues to rise on improved economic conditions mainly in Asia, spurring demand for assets in emergent markets.(...)Read the rest of Brazilian Real Demand Rises as Commodities Rally Strengthens (184 words)
Posted on Forex News.. UWCFX

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[Source: Brazilian Real Demand Rises as Commodities Rally Strengthens]

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Tuesday, June 9, 2009

UNITED WOLRD CAPITAL FX Thoughts for the Day

Dollar-Swiss has fallen sharply during the day and is likely to take Support near 1.0835 as we see a range of 1.0835-1.0991 over the next couple of days. But if 1.0835 gives away given the weak momentum might it pull it down towards 1.0793-52 during the US session. But this.... UWCFX

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[Source: FX Thoughts for the Day]

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UNITED WOLRD CAPITAL Brazilian Real Falls from Eight-Month High as Stocks, Commodities Drop

Brazil’s Real had the largest drop in six months falling 2.2 percent against the U.S. dollar and declining from an eight-month high, as commodities and stocks declined, reducing capital influx to South America’s most influential economy.(...)Read the rest of Brazilian Real Falls from Eight-Month High as Stocks, Commodities Drop (178 words)
Posted on Forex News.. UWCFX

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[Source: Brazilian Real Falls from Eight-Month High as Stocks, Commodities Drop]

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UNITED WOLRD CAPITAL European Market Update

In Currencies: The USD price action was back in sync with commodities. Oil moved higher during the European morning and traded above $69.00/barrel. Dealers noted that continued hops that 'green shoots' would spring up. Chatter circulated that China's industrial production data expected out on Jun 11th would exceed consensus expectations.... UWCFX

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[Source: European Market Update]

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Monday, June 8, 2009

UNITED WOLRD CAPITAL Daily Forex Outlook: EUR/USD

The chart shows my working count for the movement started from 1.6038 (15.07.2008). I think it is corrective in nature and is developing as a flat correction. Wave A of it turned out to be a double corrective combination ended with a triangle. Wave B is currently developing. It has.... UWCFX

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[Source: Daily Forex Outlook: EUR/USD]

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UNITED WOLRD CAPITAL Banking Fears Unsettle Euro

There has been a potentially important shift in market sentiment, at least in the short term, with the US currency gaining support from more favourable US economic data. In part, this reflects the fact that the US currency has gained support from higher yields and improving yield spreads. There will.... UWCFX

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[Source: Banking Fears Unsettle Euro]

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UNITED WOLRD CAPITAL USD/CHF Mid-Day Outlook

USD/CHF retreats mildly after hitting as high as 1.0985 earlier today. But after all, intraday bias remains on the up side as long as 1.0834 minor support holds. The break of 1.0952 resistance affirms the case that whole fall from 1.1740 has completed at 1.0590 already. Further rally should then.... UWCFX

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[Source: USD/CHF Mid-Day Outlook]

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UNITED WOLRD CAPITAL Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises

The pound posted the fourth day of losses in a row against the U.S. dollar as a serious political crisis deepens in Great Britain, where Prime Minister Gordon Brown’s Labour party is losing influence significantly.(...)Read the rest of Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises (181 words)
Posted on Forex News.. UWCFX

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[Source: Pound Slides against Euro, Dollar as Pressure on Prime Minister Rises]

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UNITED WOLRD CAPITAL BoE Inflation Attitudes Survey, US Retail Sales in Focus

Market participants will keep a close eye on this week's economic data releases and government bond auctions to establish whether confidence in the prospects for recovery and the sharp rise in government bond yields is sustained. Considering the still fragile economic backdrop, characterised by rising unemployment and weak lending growth,.... UWCFX

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[Source: BoE Inflation Attitudes Survey, US Retail Sales in Focus]

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Sunday, June 7, 2009

UNITED WOLRD CAPITAL Dollar Rebounds Off NFP Data While Political Controversy Hurts Sterling

The USD saw a brief downturn against a basket of currencies following the release of U.S. unemployment numbers for May, but began to rally shortly thereafter. . The U.S. dollar index dropped to 79.33 following the reported 345k jobs lost; much better than the 520k forecast. The labor department said.... UWCFX

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[Source: Dollar Rebounds Off NFP Data While Political Controversy Hurts Sterling]

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UNITED WOLRD CAPITAL USD/CHF Weekly Outlook

USD/CHF dived to as low as 1.0590 initially last week but rebounded strongly since then. Initial bias remains on the upside this week and break of 1.0952 resistance will argue that whole fall from 1.1740 has completed and bring stronger rally towards next key resistance zone of 1.1158/1740. On the.... UWCFX

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[Source: USD/CHF Weekly Outlook]

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UNITED WOLRD CAPITAL Global Migration Flows - The Great U-Turn

Br�gido de Jes�s Gonz�lez lived in Queens, N.Y., for the past 20 years, working as a landscaper to.... UWCFX

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[Source: Global Migration Flows - The Great U-Turn]

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UNITED WOLRD CAPITAL Surprise Non-farm Payroll Release Boosts Greenback

In the US, the nonfarm payroll report showed that the US economy shed 345K jobs in May, a figure that came in much better than the expected 520K decline forecast by economists. It's the smallest amount of job losses in 8 months, though the unemployment rate did still move higher.... UWCFX

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[Source: Surprise Non-farm Payroll Release Boosts Greenback]

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UNITED WOLRD CAPITAL U.S. Jobs Report Pushes Dollar Up Against Euro, Pound

The greenback had the highest rally since April against the euro, pound after a U.S. employment report indicated that fewer jobs were cut than forecasts predicted, fueling investors with optimism towards the North American economy.(...)Read the rest of U.S. Jobs Report Pushes Dollar Up Against Euro, Pound (186 words)
Posted on Forex News.. UWCFX

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[Source: U.S. Jobs Report Pushes Dollar Up Against Euro, Pound]

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UNITED WOLRD CAPITAL $ Index, Short but Near Term Positives Appearing...

In the May 28th email on the $ index, affirmed the short position (sold on April 27th at 85.60), but warned that further new lows below 79.80 may be limited. The market did indeed weaken from there, reaching a new low at 78.35 this past Wednesday, and before quickly bouncing..... UWCFX

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[Source: $ Index, Short but Near Term Positives Appearing...]

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