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According to analysts Goldman Sachs, Japanese Yen is the revalued the currency of the Group of Ten, and the Norwegian Krone - the most undervalued. According to the model the fair value of the bank, yen overestimated by 2 standard deviations, the euro - at 1.4 Swiss francs - to 1.3, the British pound - at 1, the Canadian dollar - at 0.4, while New Zealand Dollar - 0.2. At the same time, the Norwegian Krone underestimated by 2 standard deviations, followed by Australian dollar - to 1, and the Swedish Krona - 0.5. As stated in Goldman Sachs, the value of currencies can deviate from its fair value over a relatively long period of time. Nevertheless, the greater is the deviation, the greater the chance of a dramatic return to the equilibrium value.

TD Securities: Economics Canada in the process of correction

Posted by Informative at 8:04 AM Labels: FUNDAMENTAL ANALYSIS 0 comments

TD Securities analysts noted the evidence of the fact that in May, the activity in Canada has declined. As indicated in the bank, if we assume that GDP in June will be the same figure for the 2 nd quarter, may reach -3.0% annualized. Thus, it appears that the Canadian economy continues to be corrected, and therefore, analysts say TD Securities, the Bank of Canada has no reason to abandon its conditional commitment to maintain rates at 0.25% until the end of the second quarter of 2010.

Friday, July 31, 2009

Barclay Capital has raised the forecast for Australian dollar

Posted by Informative at 7:38 AM 0 comments

Barclay Capital today raised forecasts for the high currency. In particular, the Australian dollar, expecting that the appetite for risky assets, which is observed in the present moment, in the short term will increase the demand for Aoussa. Previously, the three-month forecast of the bank meant the average rate of AUD / USD near 0.80. Now the average rate, according to 3-month forecast raised to 0.8200.

RBS: U.S. GDP may provide support for commodity currencies

Posted by Informative at 7:37 AM 0 comments

According to analysts RBS, if today's U.S. GDP data for the 2 nd quarter (16:30 AM EDT) will be better than forecasts, it will support a pair of dollar / yen, as will demonstrate the restoration of the world economy. In addition, consider a bank, a good indicator of the GDP will also provide a positive impetus to trade currencies like the Australian and Canadian dollars. U.S. GDP is projected at 1.5%.