DailyFX Analyst Picks
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Analyst picks for: 2009/05/06
Written by the DailyFX Research Team

The Japanese Yen looks to have found support having lost as hefty 4% since topping out in late April as a rebound in risky assets renewed interest in the carry trade and encouraged buying high-yielders at the expense of the standby funding currency. The downswing looks to have found a bottom above the 76.4% Fibonacci retracement of the 04/06-04/28 rally. Renewed apprehension across stock exchanges is helping as traders digest ominous clues found in recent Australian data as well as rumors that Bank of America is the most undercapitalized of the lenders undergoing stress tests. Will the Yen continue to rebound, and what do current developments tell us about

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Analyst picks for: 2009/05/04
Written by the DailyFX Research Team

The US Dollar extended gains to begin the trading week as stocks pushed higher as China’s manufacturing sector expanded for the second consecutive month in April, fueling speculation that a rebound for the East Asian will help stabilize global economic growth. The week ahead poses substantial event risk however, with a key speech by Federal Reserve chief Ben Bernanke followed by the release of stress test results for US banks and capped by the always-important Non Farm Payrolls report. Will risky assets continue to hold up, or will the greenback reassert its dominance as investors seek safety once again? Our DailyFX team weighs and offers their top strategies

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Analyst picks for: 2009/04/29
Written by the DailyFX Research Team

The Japanese Yen has outperformed every other major currency so far this week as global stock markets slipped nearly 2% in just two days since the beginning of the trading week. Expectations of a significant downward reversal in risky assets suggest the currency may continue higher, but the Yen's status as a safe haven seems vulnerable considering the tremendous scale of the recession facing the world's second-largest economy. Where does the Japanese Yen go from here? Our DailyFX analysts offer their ideas for trading JPY in the days ahead.

Questions about these picks? Visit the DailyFX forum for a Q&A with the Analysts.

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Analyst picks for: 2009/04/27
Written by the DailyFX Research Team

The US Dollar advanced to start the trading week as stocks retreated, fueling safe-haven demand for the greenback. The move comes after last week's trading put the MSCI World Stock index just below resistance marked by the top of a falling channel that has contained prices since October of last year. Will risky assets reverse lower from here, ushering in another violent push higher in the US Dollar? Our DailyFX analysts share their top strategies for the week ahead.

Questions about these picks? Visit the DailyFX forum for a Q&A with the Analysts.

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Analyst picks for: 2009/04/22
Written by the DailyFX Research Team

Risk trends appear to have returned as catalysts for the Japanese Yen - the currency has moved higher to start the week as stock markets tumbled on renewed risk aversion. Indeed, a 30-day rolling correlation study suggests an -72% inverse relationship between the MSCI World Stock Index and the Yen’s average value against a trade-weighted basket of top currencies. Will the Yen continue higher as stocks decline, or will a record-setting recession see the bears return to dominance? Our DailyFX team offers their thoughts on trading JPY in the days ahead.

Questions about these picks? Visit the DailyFX forum for a Q&A with the Analysts.

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