TD Securities believes the weakening Canadian dollar temporary

Canadian dollar weakens against the common desire to escape from risk, which is dominated by the global financial markets in light of allegations of fraud against a U.S. bank Goldman Sachs. As noted by analysts TD Securities, the mood on the stock markets remains negative, the U.S. futures are also in negative territory, forcing the Canadian currency to stay on the defensive. The Bank recall that last week the Canadian dollar has shown the worst performance among the major currencies. However, the bank's strategists believed that the current weakening of the currency of Canada is merely short-term consolidation in the overall bull trend. The bank believes that today the pair dollar / Canada is unlikely to go beyond the range, limited levels of 1.0130 and 1.0216. Currently pair dollar / Canada is at around 1.0175.

BBH holds negative outlook for the euro / dollar

According to currency analysts Brown Brothers Harriman, the technical picture is still emerging negative for the European currency. A bullish cross of long-term moving averages on the charts euro / dollar shows a negative mood couples. Thus, the 20-week moving average dropped below the 100-week moving average and is already preparing for the intersection with the 200-week moving average. Given these indicators, as well as the fact that the couple continues to stay below resistance at 1.3555 area, where is the upper limit of the channel, the downtrend is still in force and sales strategy for growth remains could not be more timely. As a resistance strategy of the bank allocate 1.3555/90 region (top of the channel and a maximum of last week), the levels of 1.3820 (March maximum) and 1.3910 (200-week moving average). As part of the downward analysts expect the bank to reduce the euro / dollar to the recent lows of 1.3385/1.3265 with the prospect of execution of large feet, which can reduce the pair to the base of the channel at 1.2790. At the moment the euro / dollar is at around 1.3483.

Nomura: dollar / yen is not yet ready for confident growth

Dollar / yen in recent days added significantly to the price, but currency strategist at Nomura have expressed doubt that the upward motion of the pair in the near future will be sustainable and will have a significant development. The bank believes that the evidence that the economic recovery in the U.S. will take a very moderate pace, will force market participants to adjust the assessment of the prospects for tighter monetary policy by the Fed. Nomura strategists believe that in the next two years of rate hikes in the U.S. will be too small to support the growth differential yield of 2% - 3% and thus ensure sustained growth dollar / yen, and reported that, while long-term prospects for couples look bullish until the end of this year, it is likely to continue to bargain in the range Y85/Y95.

The dollar / franc. Bulls do not lose hope

The dollar / franc yesterday successfully made his way below Chf1.0580, while subsequent attempts to return to above were unsuccessful, and today the couple continued to gradually decline. So far, she managed to find support in the form of bidov placed in the range Chf1.0515/00, and dealers noted that the proximity of support in the area of the figure gives bulls some hope. Nevertheless, sentiment remains very positive, and attempts to rise above the dollar continue to attract fresh interest in buying, while the market rumors about a rather large feet of Chf1.0495/90. Dealers warned that the figure will fall below the signal of the potential for movement to a key support in the initial testing Chf1.0430/20 bidov near Chf1.0475 and Chf1.0460/50, but the ability of couples to demonstrate the stabilization of the above can Chf1.05 encourage the bulls to attempt a counter-offensive. The dollar / franc currently holds around Chf1.0535; Offer visible in the area Chf1.0545/55 and about Chf1.0480, and to improve short-term prospects, bulls need to go above the last resistance.

Euro / dollar trying to find support

The initial surge above $ 1.38 yielded no results, and after subsequent attempts to single European currency continued upward movement was strongly resisted, the bulls went into retreat. Within the last couple so far overcome the bids around $ 1.3760 and now rests at around $ 1.3747, trying to use the demand in the $ 1.3735/30 to stabilize. Dealers noted that the decline has attracted fresh interest in buying, and they see the possibility of re-testing session highs, but also reminiscent of freeze at around $ 1.3720, the performance of which would pave the way for the correction of $ 1.3700, $ $ 1.3680/70 and 1.3650/40.

Commerzbank: dollar / yen is preparing for growth

As the currency analysts Commerzbank, pair dollar / yen consolidated near the 55-day moving average, which takes place at 90.67. In the case of a break above this mark the next obstacle to the upward movement of the dollar / yen rate will be 91.90, where the 200-day moving average. Key resistance in the pair put the bank's strategy of long-term downtrend line from the highs in July 2007 at 92.55. The bank reminded that over two and a half years old couple kept below the long-term trend, so this level is crucial. Analysts say the bank, in a somewhat more long term, this resistance will be covered. Weekly closing pair above 92.55 will be the basis for significant growth in couples with a view at the level of 94.10, which is 23.6% Fibonacci Retracement after falling from the highs of 2007. At the moment pair dollar / yen is at around 90.67.

The yen was the victim of other people's events

According to dealers, the general trend towards strengthening of the dollar helped him somewhat stabilized and coupled with the yen, the entrenched until 90.45. However, sales of semi-official accounts to constrain further growth. Offer located in the vicinity of 90.50. Analysts said Bank of Tokyo-Mitsubishi, the dollar / yen, in general, is supported by improving sentiment in the market of risky assets. Meanwhile, progress in addressing the debt problems of Greek support for the euro / yen.

Credit Agricole: any rise in the euro would be short-term

According to currency analysts Credit Agricole, despite calls for assistance of Greece, will take time before they will be resolved fiscal and debt problems within the eurozone. The Bank believes that any recovery of the European currency will be short term in view of continuing concerns regarding problems with the debt of Greece, Spain and Portugal. Austerity plan will lead to a decrease in economic activity, and reduced costs and increased taxes will cause social unrest. Based on these factors, the bank's strategy prefer to consider any increase in the euro as an opportunity to sell the currency.

Mizuho: dollar / yen will continue to decline

As the currency analyst Mizuho, pair dollar / yen yesterday found at least at the level of 88.80, nearly reaching the February minimum of 88.55. The bank drew attention to the fact that the couple is not resold, and the momentum has not yet turned on the bear territory. Thus, the bank believes that during today's dollar / yen will consolidate above the level of 88.50. However, according to the Bank's strategy for next week couple will continue to decline and, eventually, will fall to a mark of 87.00. Within this goal the bank preferred to sell a couple of the best exchange rate, reinforcing the position at 90.00, with a stop above 90.55. At the moment pair dollar / yen is at around 89.25.

Barclays Capital predicts further strengthening of the yen

As the currency analysts Barclays Capital, the market was still dominated by trend away from risk, and against this background the main benefitsirom is the Japanese currency. Couple pound / yen has broken the lower limit of the range, and sank to a 10-month low at 136.25, while the euro / yen has established at least one-year mark of 120.24. Nevertheless, the bank's strategists predict the further strengthening of the yen in the next month with the prospect of falling pound / yen to 133.65, and possibly to a level of 128.35, the euro / yen - the target levels of 118.00 and 115.00. At the moment couple pound / yen traded at 136.66, the euro / yen is at elevation 120.51.

Commerzbank: Euro / dollar remains under pressure

As the currency analysts Commerzbank, despite the partial restoration of the euro / dollar, after yesterday's decline, which was stopped in the area of 1.3500, the pair remains under pressure. The bank's strategy drew attention to the fact that a break above the resistance line has not received confirmation, and is now threatened area of support is 1.3445/05, where the minimum and the recent mid-term corrective Fibonacci level. Analysts say the bank, the euro / dollar consolidated just before resumption of decline. As part of the initial upward movement resistance strategy of the bank put the level of 1.3713, where the 20-day moving average, in the case of a breakthrough which will make a significant obstacle region Fibonacci resistance 1.3845/75. Currently, the euro / dollar was at around 1.3544.

Credit Agricole: the U.S. dollar will continue to receive support

According to currency analysts Credit Agricole, reaction of the U.S. dollar to increase the discount rate the Fed may have been somewhat excessive given the fact that the target the federal funds rate the Fed is unlikely to be increased to 2011. Nevertheless, the note at the bank, the fact that this decision is the beginning of the transition to a tightening of monetary policy should support the U.S. currency, provided that the economic statistics will continue to testify on the economic recovery, albeit gradual.

BMO Capital Markets: the strengthening of the Canadian dollar may continue

As the currency analysts BMO Capital Markets, daily charts dollar / Canada indicate the likelihood of further reduction couples. According to analysts of foreign exchange bank in the case of growth dollar / Canada stumble to resistance in the 1.0525 area. As part of a downward movement in support of the bank's strategy put 1.0350 area. As for crosses with the Canadian dollar in the bank awaiting the resumption of strengthening Canadian currency. Pair dollar / Canada is currently traded at around 1.0427.

Barclays Capital: dollar / franc resumed its bullish trend

According to currency analysts Barclays Capital, the consolidation of the dollar / franc above the level of 1.0585 should be seen as a bullish signal. Moreover, today's break above 1.0785/1.08, believe in the bank, testifies to the resumption of the uptrend in the pair. The next target on the path of growth dollar / franc bank's strategy put the level of 1.0940. At the moment pair dollar / franc is trading at around 1.0800.

Barclays Capital: pound / dollar remains in a bearish trend

According to currency analysts Barclays Capital, until the pound / dollar is kept below the resistance in the area 1.5850/1.59, the downtrend will remain in force. As an important support for the bank's strategy put 1.5545/25 area, in the case of a breakthrough that downward movement may continue to a level of 1.5275, and then to a mark 1.4685. Currently pound / dollar traded at 1.5622. Couple rapidly recovered from earlier reached sessional minima around 1.5560 to the 1.5655 level against the background of interest in selling in the euro / pound and is now kept in the field of 1.5620/25. According to dealers, Offer noted in the 1.5655/65 area, bids placed on the approach to the level of 1.5610 and then near 1.5600.

Morgan Stanley: the threat of inflation more seriously than you might think

According to analysts of Morgan Stanley, the financial turmoil in developed economies may distract investors from the problem of inflation, which can not be underestimated. "According to our calculations, the stabilization of public debt relative to GDP in the U.S. at current levels requires the growth of average inflation rate to 4-6% in the next 10 years." Morgan Stanley, also warns that the risk of government default and inflation risk - are two sides of one coin. Inflationary risks inherent in the current fiscal situation in the U.S., much higher than those counted by the market. "We recommend investors to buy protection against inflation, and not from default, ie, TIPS instead of CDS".

Nomura has lowered the forecast for the euro / dollar

Nomura Bank currency strategists in a research note to its clients report that the situation in some euro-zone economy remains dismal, and in light of the prospects for maintaining investors' concerns about their fiscal positions and the ability to fund its obligations they expect to maintain pressure on the euro. The bank is also paying attention to the fact that the euro in recent weeks, notably handed position, and reported that decided to lower its forecast for euro / dollar at the end of the first quarter from $ 1.52 to $ 1.36 and $ 1.55 to $ 1.40 at the end of the second. Projections for the third and fourth quarters were lowered to $ 1.57 and $ 1.60 to $ 1.43 and $ 1.45 respectively.

The euro fell against the Dollar

Euro fell against its U.S. counterpart, the Asian session today, reaching the lowest level since June 14. Now go out data on unemployment in Germany is projected to rise.

Euro / dollar fell below the psychologically important level of 1.4000, bargaining is currently around 1.4005. The breakthrough level of 1.4000 may cause further growth of the dollar in the medium term, however, according to indicators of momentum, the pair traded in the over-sold. Pare supports at 1.3945 and resistance at 1.4225.

Pair Pound / dollar consolidated in the range 1.6250 - 1.6120, and currently is trading around 1.6180. Pare supported at 1.6150, along with the resistance 1.6265, and the four-momentum indicators show downward movement today.

The dollar rose against the Japanese yen, reaching 90.38. Today, the resistance can be found at 90,45 and 88,60 in the support. In accordance with the rates of stochastic, we expect that the couple will show further growth and breach the resistance level will result in a couple of levels 90,80.

ZKB: dollar / franc could continue upward movement

As the currency analysts Zuercher Kantonalbank, pair dollar / franc overcame resistance in the 1.0505/15 area, and now may well continue its upward movement. According to the bank's strategy, the dollar / franc could rise to the level of 1.0600. The bank noted interest in buying a pair of 1.0480/90. At the moment pair dollar / franc traded at 1.0533.

BBH: the dollar / yen could continue to decline

As the currency analysts Brown Brothers Harriman, decline in commodity currencies against the backdrop of speculation about further tightening of monetary policy in China, repatriation of Japanese funds from abroad and an optimistic outlook for Japanese stocks contribute to the strengthening Japanese yen. According to the Bank's strategy marks a breakthrough in a pair of 89.30 dollar / yen may lead to further growth of the Japanese currency to a level of 88.25. At the moment pair dollar / yen is trading at around 89.65.