The Cable has fallen as the Dollar has strengthened across most of the currencies after ZEW Economic Sentiment. The Cable first rose towards 1.6458 and has fallen thereafter. Further decline is likely to find Support near 1.6325. Having broken above the 1.6308-55 region on the upside yesterday, the pair has… more from... »

Further momentum build up saw GBP testing a high of 1.6456 as the time of this analysis today suggesting that a break and close above its key resistance at its Dec 16’09 high at 1.6409 is now shaping up. We are expecting two scenarios at this stage with the first… more from... »

While the cross trades and holds below the 131.24 level, its Jan 06’10 low, we continue to see risk to the downside towards the 129.19 level, its Dec 22’09 low. A decisive break of that level will accelerate further downside towards the 127.29 level, its Dec 18’09 and possibly lower…. more from... »

The wave count shwon on the swissy 4h chart signals for Usd strength in the near term, since a Short correction of a black wave B)/II) could already be finished at the 1.0129 support region; around the 61.8% retracement of the black wave A)/I) distance. more from source »

Dollar/Yen climbed on Monday to the 91.05 top, where the ascending momentum was limited, and the currency couple continued dropping down to 90.58, closing the day at 90.76. On the 3 hour chart quotes are testing the lower limit of the upward channel, while on the 1 hour chart we… more from... »

EUR/USD is in a downtrend, after peaking at1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169. more from source »

The Bank of Canada kept the overnight rate unchanged at 0.25% and pledged to keep it at current level until the end of the second quarter of 2010 in order to achieve the inflation target. Concerning economic development, the central bank believed strong Canadian dollar will continue to dampen activities… more from... »

USD/CAD’s rebound from 1.0223 resumes after brief retreat and reaches as high as 1.0346 so far in early US session. The development suggests that fall from 1.0744 is completed at 1.0223 already, ahead of 1.0205 key support as expected, and on bullish convergence condition in 4 hours MACD. Intraday bias… more from... »

Euro was sold off after much worse then expected German ZEW. The investor confidence index dropped for the fourth consecutive months in January, and deeper than expected to 47.2 versus 50.4 in December. Eurozone ZEW economic sentiment also unexpectedly dropped to 46.4. The data suggests that German economy is still… more from... »

EUR/GBP dives further to as low as 0.8729 today and at this point, intraday bias remains on the downside as long as 0.8787 minor resistance holds and further fall should be seen. However, strong support is expected at 0.8704 support to bring rebound. Above 0.8787 resistance will turn intraday bias… more from... »

With 4 hours MACD crossed above signal line, intraday bias is turned neutral for the moment. But after all, another fall is still expected in USD/JPY as long as 92.03 resistance holds. Below 90.30 will bring fall resumption to 87.36 support next. Break there will confirm the bearish case that… more from... »

GBP/USD soars to as high as 1.6456 today but drops sharply since then. As noted before, rise from 1.5829 is treated as correction to fall from 1.6875 only and is expected to be limited by 61.8% retracement of 1.6875 to 1.5829 at 1.6475. Considering mild bearish divergence condition in 4… more from... »

USD/CHF’s rise from 1.0131 resumes after brief retreat and reaches as high as 1.0351 so far. As noted before, correction from 1.0506 should have completed at 1.0131 after hitting 61.8% retracement of 0.9916 to 1.0506 at 1.0141. Intraday bias remains on the upside for 1.0383 resistance first. Break there will… more from... »

EUR/USD’s fall from 1.4578 resumes after brief recovery and dives to as low as 1.4263 so far. As discussed before, consolidation from 1.4217 should have completed at 1.4578 already after hitting 38.2% retracement of 1.5143 to 1.4217. Intraday bias remains on the downside for the moment and firm break of… more from... »

Although the single currency has remained under pressure and the wave (ii) decline from 134.37 should extend weakness towards 129.38 (1.5 times projection of 134.37131.52 measuring from 133.65), reckon 129.04 (1.618 times projection) would contain this wave (ii) and bring strong rebound later in wave (iii). more from source »

Although aussie retreated after rebounding to 0.9279 yesterday and marginal weakness from here is likely, support at 0.9170/74 should hold and bring another rebound and break of resistance at 0.9330 would extend recent rise from 0.8735 towards last year’s high of 0.9407 later. more from source »

Citigroup Inc posted a .6 billion quarterly loss on Tuesday, but the bank’s shares rose as declining loan losses raised hopes that the worst might soon be over. more from source »

Stocks rose broadly on Tuesday, lifting the Dow and the S&P 500 to fresh 15-month closing highs as investors bet a potential Republican victory in Massachusetts’ Senate race could stall Obama’s reform agenda. more from source »

Oil rose above a barrel on Tuesday after five sessions of losses as gains in the U.S. stock market boosted prices, outweighing earlier pressure from mild weather and the stronger greenback. more from source »

Shares of The Hershey Co. rebounded Tuesday after Kraft Foods Inc. increased its offer for British candy maker Cadbury PLC, all but shutting out competition from the smaller U.S. candy maker. more from source »

Airline stocks were mixed Tuesday as Japan’s largest airline filed for bankruptcy protection. Japan Airlines, the nation’s flagship carrier, will slash nearly 16,000 jobs, reduce pensions for retired staff, cut routes and shift to more fuel-efficient aircraft as part of its restructuring. more from source »

Sprint Nextel Corp. shares fell Tuesday after two of its rivals cut their cell phone service rates and an analyst downgraded the wireless carrier, saying Sprint will almost certainly need to follow suit to prevent more customers from defecting to other carriers. more from source »

United States Steel Corp. shares climbed Tuesday as an analyst upgraded the stock, citing an improved outlook for the steel industry. more from source »

Shares of Baidu Inc. fell Tuesday after China’s leading search engine operator said its chief technology officer has resigned, the company’s second unexplained departure within 10 days. more from source »