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Bernanke Sees Headwinds for US Recovery

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EUR-USD was over 1.49 for most of the week, despite the fact that the majority of US indicators turned out weaker than expected, which, according to the pattern of the last few weeks, should in fact have had a dampening impact. In addition, Fed president Ben Bernanke revealed that he… Read More...

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November 22nd, 2009 at 4:30 am

Weekly Market Commentary

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Stock indices should drift through to year-end, but not collapse. FX will continue to consolidate, as should most commodities, with a tendency for the Yen to strengthen slightly and for the US dollar to weaken medium term. Longer-dated Treasury yields will move lower as investors realise that ultra-low official target… Read More...

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November 22nd, 2009 at 4:30 am

Petitioning China

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President Obama’s trip to Asia is one part introduction, one part diplomatic dialogue and eight parts competitive economics. Whatever agreements are met with leaders of Japan, and South Korean or communiqués are issued from the Asia-Pacific Economic Cooperation Conference (APEC) in Singapore, it is the visit to Beijing that matters…. Read More...

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November 22nd, 2009 at 4:30 am

Euro Set for Further Losses

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The main attention over the past few weeks has been on the US economy and dollar. There has been a tentative shift in sentiment over the past few days and there is a strong probability that the Euro-zone will be in greater focus over the next few weeks. The structural… Read More...

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November 22nd, 2009 at 4:30 am

Weekly Technical Commentary

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Subtle signs in a series of currencies that the trend to generalised US dollar weakness is about to step up a gear. Which currency will lead is unclear, though the Brazilian real and Australian dollar have so far, +33% this year. For dollar/yen we continue to favour a series of… Read More...

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November 22nd, 2009 at 4:30 am