Search results for strategist@dailyfx.com (Luis Gil

On a one hour chart the US Dollar appears to be forming a bearish pennant against the Japanese Yen. The pair may be approaching the moment of truth as... forex news :: view details »

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The dire state of the British economy may rest in the hands of the Bank of England. With their sluggish economy nearing recession-like numbers, the bank... forex news :: view details »

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Our Forex Automated Trading Signals have identified a range-bound British Pound versus the Swiss Franc. The system went long within the last 60 minutes... forex news :: view details »

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We may be crossing the Rubicon here, but nothing will be certain until after Thursday's European Central Bank rate decision. EURUSD currently finds trading... forex news :: view details »

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After suggesting the US Dollar to be a breakout opportunity against the Franc, our Forex Buy/Sell Automated Trading Signals deemed the optimal point of... forex news :: view details »

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As we know it, Japan’s economy has been labeled recessionary given its two consecutive quarters of negative strength. July GDP data shows the North American... forex news :: view details »

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Within the last 20 minutes our Forex Buy/Sell Automated Trading Signals favored the US Dollar for a third consecutive time; this time against the Japanese... forex news :: view details »

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After coming in positively only once since 2002, Australia saw its August Trade Balance rise to A$1.36 billion. Being the second largest balance in the... forex news :: view details »

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The Reserve Bank of Australia cut its benchmark cash rate by 100bp to 4.25%. The move beats expectations of a 75bp cut to 4.50%. forex news :: view details »

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The U.S. House of Representatives today passed President Obama’s $819 billion stimulus package in an effort to jumpstart the country’s worst financial... forex news :: view details »

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Australia's May Retail Sales grew by 1.0%, doubling economist forecasts of only a 0.5% increase in the figure after the government's stimulus efforts put... forex news :: view details »

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In our original posting we proposed the idea of entering a short-hedge at 1.0790 (61.8% Fib resistance) for those who are seeking to enter long at a more... forex news :: view details »

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New Zealand’s Consumer Prices rose at the fastest pace in 18-years in the year through the third quarter, at 5.1%. After produce prices alone rose 14.1%... forex news :: view details »

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National Australia Bank announced that it will be buying an 80.1% stake in Goldman Sachs JBWere, the US-based investment bank's Australian private brokerage.... forex news :: view details »

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Last week our Forex Buy/Sell Automated Trading Signals utilized the “Momentum2” strategy to purchase the Swiss Franc and Australian Dollar against the... forex news :: view details »

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Our Forex Automated Trading Signals have picked up the Euro against the Japanese Yen using the Range1 system. This long-term trade may be considered to... forex news :: view details »

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EURUSD has been trading in a clean, yet very bearish channel, for the last 3.5 days. This aggressive selling spree may be dying out for now. It appears... forex news :: view details »

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The Reserve Bank of Australia said there is a "risk of an early tightening choking off confidence and demand prematurely" if it raises it's benchmark policy... forex news :: view details »

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Our Automated Trading Signals have decided to follow the Japanese Yen buying spree. By financing the Asian currency with Swiss Francs, our Momentum1 strategy... forex news :: view details »

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Australia’s current account deficit narrowed to -$A9.74 bln in Q3 after exports jumped nearly $A7 bln from the three-month period prior. The move marks... forex news :: view details »

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New Zealand Prime Minister John Key said that the nation’s economy will emerge from this recession much stronger. “I, for one, am confident that New Zealand... forex news :: view details »

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The Reserve Bank of Australia left its overnight cash rate steady at 3.0% for the third straight month, in line with economist forecasts. The statement... forex news :: view details »

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The Washington Post reported late Thursday that the US Federal Reserve and Treasury department are in the process of lining up buyers for beleagured investment... forex news :: view details »

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Australia's June trade deficit unexpectedly shrank in June for the first month since March after exports grew 1.5%. To much surprise, the previous period's... forex news :: view details »

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The overall outlook for the U.S. Dollar appears to be mildly negative according to our Forex Automated Trading Signals. From the image provided below we... forex news :: view details »

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Our Forex Automated Trading Signals have sold the Pound against the Dollar using the Momentum2 strategy. One might notice the conflicting viewpoint given... forex news :: view details »

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Australian inflation continued to ease significantly in December, offering the Reserve Bank with the opportunity to add to the rate cuts it had made throughout... forex news :: view details »

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JPMorgan Chase & Co., a commercial and investment bank that was once thought to be one of the most stable, had its rating outlook cut to negative by Moody’s... forex news :: view details »

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During ECB President Trichet's speech, EURUSD made a sharp 60 pip southward move towards identified support. The aggressive selling exhibited may have... forex news :: view details »

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New Zealand Finance Minister Bill English made stern remarks about the future of the country's fiscal stance. In them he said that "we need to make sure... forex news :: view details »

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Australian Consumer Inflation Expectations remained flat at 4.4% in October after falling fuel and credit costs saw the metric plummet from June and July... forex news :: view details »

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Our Forex Automated Trading Signals bought the British Pound against the Japanese Yen using the Range1 trade. The trade is currently above par, with 44... forex news :: view details »

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Our Forex Automated Trading Signals have purchased the Australian Dollar against the Japanese Yen using the Momentum 2 strategy. Unfortunately this signals... forex news :: view details »

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Japan's Current Account Balance rose less than economist forecasts of 1206.1 billion Yen, to 1015.8 billion Yen in May. When adjusting for changes in the... forex news :: view details »

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Our Forex Buy/Sell Trading Signals has set a stop-loss on its EURJPY position at 151.8, a stop-loss on its USDJPY at 106.808, a stop-loss on its CHFJPY... forex news :: view details »

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It has been reported that U.S. military helicopters attacked Syrian targets near the middle-eastern nation’s border with Iraq. Such geopolitical threats... forex news :: view details »

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New Zealand Dollar weakness has been of notorious mention since the RBNZ became yet another participant in the global trend towards rate slashing policies.... forex news :: view details »

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Australian data revealed a labor market that has weakened more than expected during the month of January. Indeed, the unemployment rate rose to 4.8%, the... forex news :: view details »

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The New Zealand unemployment rate jumped to the highest level in 9-years to 6.0%, overshooting expectations by 0.3 percentage points. Worse-than-expected... forex news :: view details »

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Japanese wholesale inflation plummeted -1.6% in October for the second consecutive month as oil continued to make new lows. Similarly, September saw the... forex news :: view details »

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Australian prices rose by 0.1% in the first three months of 2009, following a quarter that suffered from deflation for the first time in two years. Inflation... forex news :: view details »

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Australia's ambassador to China, Geoff Raby, was told to return to Canbarra on such a short notice to participate in urgent talks considering the waning... forex news :: view details »

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European economic data to be released on Moday, February 2nd: forex news :: view details »

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U.S. Treasury Secretary is currently speaking at a conference in Washington where is offering his first words since word of his $1 trillion toxic asset... forex news :: view details »

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Japan's May Machine Orders figure unexpectedly declined 3.0% despite forecasts calling for figure to rise by 2.0%. This surprising deviation further propagates... forex news :: view details »

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Our Forex Buy/Sell Trading Signals went short NZDUSD within the last five minutes at 0.6512 using the “Breakout” system. A trailing stop order was also... forex news :: view details »

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For a second straight trading day the Reserve Bank of Australia intervened in the currency market as the Australian Dollar traded near five-year lows against... forex news :: view details »

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Retail Sales in New Zealand fell for a fourth consecutive quarter, the longest decline since records began. December alone saw the metric fall by 1.0%... forex news :: view details »

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Australia's unemployment rate surprised economists, remaining steady in the month of July at 5.8%. Aside from the month of April, this is the only other... forex news :: view details »

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On a two-hour chart the British Pound appears to have been traveling in a clean ascending channel against the Swiss Franc since 09/10/2008. Should the... forex news :: view details »

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Our Forex Automated Trading Signals bought the U.S. Dollar against the Swiss Franc using the Breakout2 strategy. 66% of trades placed using the Breakout2... forex news :: view details »

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The U.S. Dollar has been oscillating in a downward channel against the Japanese Yen since 04/06/09. The 60-minute chart featured below shows that the pair... forex news :: view details »

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Within the last 40 minutes, our automated trading signals bought NZDUSD and AUDJPY using the Momentum1 and Momentum2 strategies. The long-term strategy,... forex news :: view details »

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U.S. Senate Majority Leader Harry Reid recently made comments saying that lawmakers will not make it to the “finish line” on the auto bailout bill. He... forex news :: view details »

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The Australian Dollar had traveled in a very bullish direction against it's U.S. counterpart between the start of March and the start of June before consolidating... forex news :: view details »

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Our Forex Buy/Sell Trading Signals have identified AUDJPY to be trading in a range. Within the last hour our automated “range” system bought the pair at... forex news :: view details »

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In a speech given today to a National Bankruptcy Congress in Sydney, Deputy Reserve Bank of Australia Governor Ric Battellino stated that inflation may... forex news :: view details »

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“As indicated in our March Statement, we are projecting interest rates to remain at relatively low levels for an extended period,” Governor Bollard of... forex news :: view details »

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At its August 6th meeting, the Reserve Bank of Australia starkly changed the tone of the language it used in setting expectations for further rate changes.... forex news :: view details »

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Within the last 60 minutes our Forex Automated Trading Signals informed us that a possible trading opportunity may be in the cards for the Euro financed... forex news :: view details »

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China has set a plan to cut its export taxes to zero in an effort to encourage producers to sell their products abroad, the nation’s commerce minister... forex news :: view details »

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The British Pound has been trading more-or-less above the 200-period simple moving average since June 9 on a 60-minute chart. It has used this series of... forex news :: view details »

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Within the last 20 minutes our Forex Automated Trading Signals suggested that two trades may be in the works. The first, USDJPY, may realize to be a long... forex news :: view details »

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Our Forex Automated Trading Signals purchased the U.S. Dollar against the Swiss Franc using the Range2 system roughly 3 hours ago. The trade is currently... forex news :: view details »

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In President Obama’s prime-time speech given at 8pm EST, the 44th president reminded the country that the financial crisis was caused because of policies... forex news :: view details »

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CIT Group, the world's largest issuer of vendor finance and the third-largest provider of transportation lending, struck a $3 billion deal with its bondholders... forex news :: view details »

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Within the last 45 minutes our Forex Buy/Sell Automated Trading Signals placed a buy order on the GBPJPY using the “Range1” system. Keep in mind that the... forex news :: view details »

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The British pound gained nearly 3 percent against the greenback on Wednesday as a broad surge in carry trades signaled an improvement in investor confidence. forex news :: view details »

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In our original article we advocated an overall long position in the Australian Dollar against its New Zealand counterpart. We also felt that a short-term... forex news :: view details »

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Trading remained relatively flat throughout the day in light of anticipated German and broader Euro-Zone GDP data. Australia saw it’s A$42 billion stimulus... forex news :: view details »

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Australia’s Prime Minister Kevin Rudd has his eyes set on a third stimulus package for next month’s budget, the Australian newspaper reported today. The... forex news :: view details »

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Japanese Machine Orders, when excluding ships and utilities, June rose by 9.7% in June, beating expectations of a 2.6% increase in the figure. The latest... forex news :: view details »

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Within the last hour our Automated Forex Trading Signals told us to go short AUDJPY using the “Momentum1” strategy. It also set a trailing stop at 91.2804. By... forex news :: view details »

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Traders saw USDJPY rally after equity markets in the U.S. saw one of the largest single-day point swings in history. The Yen fumbled 2.84% as risk appetite... forex news :: view details »

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U.S. stocks surged by the most since late November after Citigroup’s Chief Executive Officer Vikram Pandit stated that his bank would be having the best... forex news :: view details »

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Australia's New Motor Vehicle Sales for May surged ahead by the most since January 2005. The 5.4% increase continues to add positive signs to April's figure... forex news :: view details »

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Today, the implied probability of changes in the Federal Funds rate to 1.25% increased to 90%, up 8 percentage points from yesterday. With just under three... forex news :: view details »

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Yen strength has been nothing new, especially against the British Pound. GBPJPY has fallen by as much as 38.72% since July. Sterling sentiment reached... forex news :: view details »

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Australia also unveiled a massive $26.5 billion second stimulus package that would be aimed at padding the economy from severe recession. The package would... forex news :: view details »

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It is unlikely that the Federal Reserve will tighten its loose monetary policy at any time soon, Chairman Ben Bernanke of the Federal Reserve said in an... forex news :: view details »

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Our Forex Buy/Sell Automated Trading Signals placed buy orders on Euro-Yen and Pound-Yen within the last 60 minutes. Trailing-stops were also entered for... forex news :: view details »

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Over the next two years German Chancellor Angela Merkel and her coalition hope to spend €50 billion ($66.8 billion). This afternoon the coalition agreed... forex news :: view details »

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In a 30-28 vote, Australia’s Senate passed Prime Minister Kevin Rudd’s second attempt at a A$42 billion ($28 billion) stimulus package after being thwarted... forex news :: view details »

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On the 5-minute chart featured below, we see that the U.S. Dollar has hit support on multiple occasions against the Japanese Yen. The pair has been confined... forex news :: view details »

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China exports surged ahead 10.5% in July from the month prior. The yearly figure, however, continued to decline from that of June. Overall, the trade balance... forex news :: view details »

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Our Automated Trading Signals have been reluctant to take any new positions before the US Senate votes on an unprecedented $700bn rescue package today.... forex news :: view details »

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In another instance of aggressive policymaking, the Swiss National Bank slashed its key benchmark interest rate by 100bp in a surprise decision earlier... forex news :: view details »

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Chinese trade with the rest of the world suffered heavily in February. Its surplus plummeted by 87.6% to a mere $4.84 billion from $39.11 billion. The... forex news :: view details »

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New Zealand's economy shrank more than expected, by -1.0% in the first quarter with economists forecasting the figure to post at -0.7%. The final three... forex news :: view details »

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As we can see from the chart below, the Pound has been oscillating in a bearish channel against the Yen over the recent days. Those wishing to get short... forex news :: view details »

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The Reserve Bank of Australia slashed its overnight cash rate by 100 basis points to 3.25% as expected by a survey of economists. Since August the bank... forex news :: view details »

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Australia's inflation rate rose for the second straight quarter in the period ending June. Matching expectations, the figure at 0.5% rose greater than... forex news :: view details »

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Japan’s Gross Domestic Product fell for the third consecutive quarter in the final three months of 2008, by -3.3% as demand for the Asian country’s flagship... forex news :: view details »

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In a surprising move, the Reserve Bank of Australia cut its overnight interest rate by 0.25% to 3.0%. Economists had expected the bank to leave the policy... forex news :: view details »

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Australian full-time workers saw their average weekly wages grow at the greatest pace since August 2005 on a year-over-year basis. The 6.1% growth in pay... forex news :: view details »

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On a 60-minute chart there appears to have been clear upward trending support for the Pound against the Australian Dollar. Since 09/08/08 the pair has... forex news :: view details »

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In a unanimous vote today, the Bank of Japan held its benchmark interest rate at 0.30%. The previous meeting saw the bank cut rates by 20bp, the first... forex news :: view details »

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Australia’s wholesale prices rose 1.3% in the fourth quarter of 2008 as the cost of imported goods rose nearly 15%. This period saw the Australian Dollar... forex news :: view details »

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In November, the Chinese government announced that it would be implanting a stimulus package worth $915 billion. Details of the plan were not so readily... forex news :: view details »

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Japan's Industrial Production rose less than economists had forecast, by only 5.9% vs 7.0% in May. The overly optimistic expectation may have come as newly... forex news :: view details »

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After reaching a four month high in July, the Pound began to plummet as traders commenced the overall Dollar buying spree. With signs of life giving some... forex news :: view details »

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Our Forex Automated Trading Signals have purchased the Euro against the Australian Dollar using both the Momentum1 and Breakout2 strategies. Both trades... forex news :: view details »

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In a report filed by the International Monetary Fund (IMF) the Washington-based body said that the New Zealand economy will contract by 2.0% this year.... forex news :: view details »

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China is said to rev up its acquisitions of foreign companies, depleting its forex reserves as it implements their use to pursue their overseas expansion.... forex news :: view details »

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Our Forex Buy/Sell Automated Trading Signals sold the Euro against the US Dollar within the last 10 minutes. Using the “Breakout2” system, the signal interpreted... forex news :: view details »

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In its October 6-7 policy meeting, Bank of Japan board members expressed ardent concern over floundering Dollar liquidity. Contrasting from much of what... forex news :: view details »

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