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The euro is just over a decade old. In its short existence it has been embraced by every level of the international currency markets. Central banks, national treasuries, sovereign funds and multi-national corporations store their wealth and trust its central bank custodians to maintain value. Institutional and retails traders have... […]

Slow work, but perhaps understandable as we hover not that far above key ultra-long term support between 87.00 and 85.00. We have retraced half of the year-end rally and are hovering at the bottom edge of a decent-sized flat-bottomed daily Ichimoku 'cloud'. Fibonacci retracement support at the 61% level will... […]

After having increased by a total of 3% in October and November, retail sales dropped by 0.3% mom in December, as car sales fell slightly despite industry reports of another rise. However, in January, the announced drop in domestic vehicle sales could actually translate into higher car sales in the... […]

The U.K. currency might start to rebound after a strong bearish movement based on technical analysis. Indicators gives us a bullish signal for a correction reason like RSI, which bounces on 30% line upwards, MACD crosses the signal upwards on hourly chart, and Bollinger gives us a bullish signal by... […]

A broad-based flight from the riskier currencies coupled with Euro-zone sovereign debt fears have seen non-commercial investors add to their net long USD positions, which have now reached the highest levels since March last year. […]

Although the British pound fell marginally to 1.5535 (Friday’s low was 1.5559) earlier today in Asia, lack of follow through selling and the recovery from there suggest consolidation would take place and retracement to 1.5700 is likely, however, renewed selling should emerge around the Kijun-Sen (now at 1.5803) and bring... […]

As the greenback has retreated after faltering below resistance at 1.0800 (Friday’s high), suggesting further consolidation below there would be seen and pullback to the Kijun-Sen (now at 1.0647) is likely, however, dollar should find decent demand around 1.0580/85 (approx. 38.2% Fibonacci retracement of 1.0227 to 1.0800) and the Ichimoku... […]

Although the single currency recovered after holding above Friday’s low at 1.3585 and further consolidation would be seen, upside should be limited to 1.3750/60 and renewed selling interest should emerge around the Kijun-Sen (now at 1.3806), bring another decline later. Break of said support would extend recent decline towards 1.3495/00,... […]

Although the greenback has continued to trade in narrow range and further consolidation above last week’s low at 88.55 would be seen, dollar’s upside should be limited to the Kijun-Sen (now at 89.92) and renewed selling interest should emerge below the Ichimoku cloud bottom (now at 90.27) and bring another... […]

No change in USD/JPY's outlook. More consolidations could still be seen above 88.57 but upside is expected to be limited below 91.26 resistance and bring fall resumption. Below 88.57 will target 87.36 support first. Break will confirm that whole rise from 84.10 has completed with three waves up to 93.74... […]

With 4 hours MACD crossed below signal line, an intraday top is possibly in place at 1.0793 already. Bias turned neutral and more consolidations could be seen. But still, downside is expected to be contained above 1.0497 support and bring rally resumption. Above 1.0793 will target medium term trend line... […]

Intraday bias in GBP/USD remains on the downside with 1.5737 minor resistance intact. Current fall from 1.6456 is expected to continue towards 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5737 minor resistance will turn intraday bias neutral and bring consolidations. But upside... […]

With 4 hours MACD crossed above signal line, an intraday low might be in place at 1.3585 and bias is turned neutral. Some more consolidations could be seen, but upside should be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3585 should target 61.8% retracement of 1.2329... […]

Markets are generally in tight range today with dollar a bit softer. The pull back in dollar is so far mild while the recovery in crude oil and gold lack follow through buying. It looks as if risk aversion flows in the markets pull back from last week's climax and... […]

Although the greenback moved higher in early part of the week to as high as 91.28 (we entered long once at 90.00 and was exited at 90.22), the currency pair tumbled from there towards latter part of the week on massive risk aversion and our long position entered at 90.10... […]