Here you can find: forex daily and weekly analysis, technical and fundamental analysis, midterm and longterm outlook. Analysis of major currency pairs.

All the latest data are on the last page.

I am following Lauren Cooney's blog. Here is her predictions on what's happening as we enter 2008.


Web 2.0 in 2008 - My Predictions
JackBe's CTO, John Crupi, wrote up an article for Java Developers' Journal outlining what was "In" and "Out" in 2008 for knowledge workers. It's a pretty interesting article.

I borrowed this format to put together a few of my own guesses for what's in for Web/Enterprise 2.0 for 2008. Here goes:

(1) OUT: IT as the gatekeeper to all information. IN: IT as the enabler of good, secure information to the masses. IT is currently seen as the gatekeeper of all information for enterprise organizations; in 2008 I think we're going to see more IT organizations putting infrastructure and process into place in order to provide business users (and mashup creators) with this information (or data) that they need to create enterprise mashups. IT will turn from the gatekeeper of all information to the enabler or provider of good, secure information to business users. I've been blogging about this for a few months since I saw this as a major forcing function of Web 2.0 at Mashup Camp last spring.

(2) OUT: The business user as an observer. IN: The business user as a active player/participant. As mashups products become easier to use, we're going to see more business users actively taking part in building mashup apps they might need, whether it be for sales and marketing purposes, inventory processes, etc. The business users are going to be actively participating and developing the apps that they need to be successful.

(3) OUT: Vendor struggles to own the entire Enterprise/Web 2.0 market. IN: Vendor products and ecosystems working together. Right now I'm not really seeing a lot of vendors partnering up if they are each offering mashup or Web 2.0 platforms to users. What I think we're going to see more of in 2008 is partnerships starting to evolve in these areas, based on which user types vendors are targeting as well as what features are being offered. I see vendors starting to take steps to do this (including IBM), but the user community will also be a major player here encouraging this to happen at a faster rate. This also could easily play into our current thoughts about Open Innovation.

(4) OUT: Heavy, expensive integration platforms. IN: Lightweight, inexpensive Enterprise/Web 2.0 types of applications. Bottom line: Integration platforms are heavy, expensive, and pretty damn difficult to implement. Enterprise 2.0/Web 2.0 isn't the answer to all of the problems that a full integration platform can solve, but is sure does alleviate certain pain points in this area.

(5) OUT: "Web" mashups. IN: Data-driven mashups. We keep talking about Web 2.0. But what is really being mashed up is data - and data is where the core value of the mashup really is. Google, for example, isn't a web/search company, it's a data company. Companies/users that find ways to utilize this data in ways that cut costs, save time, give them a competitive edge, etc is where we'll see value in the mashup ecosystem in 2008. This is also where Info 2.0 and IBM Mashup Starter Kit come into play (as you'll be seeing lots more of in 2008

Inflation data from the U.S became one of the Euros’ least problems yesterday as ECB Member official addressed the markets stating that a change of sentiment has risen and further rate hikes may not be necessary. The slowdown in the U.S is taking its toll on all economies, hitting them one by one and forcing a change in central banks monetary policies. In addition, dollar data came out as expected, continuing to show signs of inflation, a situation that could prevent the Fed from taking major steps. Wall Street experienced another volatile session receiving some intra day strength after the beige book survey of regional economies suggested economic activity increased modestly. Towards the end of trading hours, stocks didn’t manage to hold onto to their green color, closing the session red, led by disappointing Intel reports. Commodity traders also continued to take money off the board sending Gold down to $875.15 per ounce. Volatility will continue to remain high today, as traders eyes will be focused on U.S housing data and two bank speeches, one from the Fed and the other from the ECB.

Euro

After opening at $1.480 the Euro traded within an intraday trading range of roughly 50 pips. Comments from ECB officials sparked a sell-off, sending this pair to close down at $1.4652.


Support: 1.4590, 1.4550, 1.4520
Resistance: 1.4685, 1.4740, 1.4770


Japanese Yen

Dollar strength across the board sparked a rally in this currency pair during the second half the trading day. Even though the Dollar traded down at the beginning of the session, it quickly regained its profits closing the session up at ¥107.62.


Support: 106.80, 106.30, 105.90
Resistance: 107.80, 108.50, 109.20

British Pound

After opening the session at £1.96211, the Pound bounced back and forth on the different news. After giving a short rally before the opening of the U.S equity markets, the pound gave up its gains, closing the session back at £1.9633.


Support: 1.9600, 1.9550, 1.9480
Resistance: 1.9720, 1.9770, 1.9840

Latest trading recommendations 15.00 GMT, 10.00 EST) 17-01-08 Guaranteed updates at 08.00 GMT, 13.00 GMT and 15.00 GMT

Currency Date Time Strategy First Target Second target
EUR/US$ (buy) 17-01-08 08.00 Short term buy at 1.4595 1.4620 1.4645
EUR/US$ (sell) 17-01-08 13.00 Short-term, sell at 1.4730 1.4700 1.4670
US$/CHF (buy) 17-01-08 13.00 Short term, buy at 1.0950 1.0980 1.1010
US$/CHF (sell) 17-01-08 08.00 Short term, sell at 1.1045 1.1015 1.0975
AUD/US$ 17-01-08 15.00 Short term, sell at 0.8880 0.8820 0.8760
US$/CAD 17-01-08 15.00 Short term, buy at 1.0150 1.0180 1.0210
EUR/CHF 17-01-08 08.00 Short term, buy at 1.6110 1.6185 1.6245

EUR/JPY Gaps Lower after breaking threw a wedge

The source:
EUR/JPY Gaps Lower after breaking threw a wedge | FXDD | Forex News | Forex Trading News | Currency Trading & FX Market News

Attached Images

eurjpy_0.gif (30.4 KB, 638 views)

GBP/JPY moving side ways and consolidating after that big swing on the down side.

Attached Images

gbpjpy.gif (29.1 KB, 632 views)

UBS Commentary "Although the weak monthly sales growth can be dismissed as volatility,the underlying 3m/3m growth is at its weakest since March 2007. The data supports a February rate cut, and with a further slowdown in retail sales and consumer spending expected in the coming months, it also supports a view of a cumulative 100bp of rate cuts in 2008"

News from Tokyo

Attached Images

news.gif (2.8 KB, 625 views)

The Asian session saw EUR/USD dip below $1.4625 before the price bounced to an overnight high of $1.4658. EUR/USD is now seen trading in a $1.4625/50 range. More EUR/USD resistance is seen into the $1.4675 area, and further up at $1.4700 while on the downside $1.4590 - $1.4600 support will come into play on a dip.

USD/JPY headed lower in the Asian trading session as the Nikkei fell over 3% at one point, pushing USD/JPY down to as low as ¥106.35 before buying interest, combined with a recovery in the Nikkei, helped USD/JPY rally. The pair traded up to a high of ¥107.17, before sliding back to ¥107.00 early in the European session. With little in the way of economic data scheduled for today, traders will primarily focus on the performance of equity markets to asses the direction of this pair.