FOREX TRADING

The U.S. dollar fell broadly against its major rivals and most regional currencies in Asia Thursday, as U.S. bond yields fell overnight following strong demand at a seven-year auction, with the moves exaggerated by the thin market. The dollar sagged to a seven-week low of JPY81.28 and to a fresh

The EURUSD made a convincing bullish correction yesterday, topped at 1.3237 and hit 1.3258 earlier today in Asian session. If you look at the daily chart, it’s the first convincing bullish candle since December 13 and so far I think it’s a normal correction and major scenario remains bearish with

On Wednesday Pound/Dollar increased significantly with around 170 pips, in converse with the negative Interbank sentiment at around -1%. The Cable appreciated from 1.5349 to 1.5519 yesterday, closing the day at 1.5497. Today the British Pound climbed a little further up to 1.5537. On the 1 hour chart the downward

A couple of PMIs from the manufacturing sectors of China and Japan were disappointing. While China’s manufacturing sector does show expansion, it is decelerating according to the HSBC’s PMI survey. The PMI declined to 54.4 from 55.3 as the authorities try to slow growth to calm down inflationary pressures. The

The Dollar was trading with soften note on weaker US data with December Conference Board Consumer confidence slumping to 52.5 vs. 54.3 previously. Looking Ahead, Weekly Jobless Claims are forecast at 415k vs. 420k previously and Crude Oil Inventories at -2.8m vs. -5.3m previously. The Euro rose to above 1.3200

The US dollar fell broadly on Thursday’s currency markets after a 29 billion auction of seven-year Treasury bonds attracted significant demand which pushed Treasury yields lower. After the auction the dollar appeared under pressure as lower yields do not attract investors seeking greater returns. This week’s poor US data raised

Asian stocks were on the downside as the Yen gained in strength damping the outlook for Japanese export earnings while commodity shares increased on rising commodity prices. The MSCI Asia Pacific Index rose 0.2% on the course for the highest level since June 2008 on speculation that growth in corporate

On Wednesday the Euro/Dollar increased significantly with nearly 160 pips, continuing the up and down holidays pattern. The European currency appreciated from 1.3082 to 1.3240 yesterday, not matching the negative Interbank sentiment projection at around -13%, closing the day at 1.3224.

The dollar continued to wilt today in Asia after lower bond yields prompted traders to sell the US currency. A solid showing in a seven year US Treasury bond auction earlier today drove bond prices up and yields lower and sparked another round of dollar selling that saw an apex

Euro opened the session trading in a narrow 1.3215 – 1.3225 range and then spiked to a session high of 1.3259 as the Dollar weakened across the board. The move was short lived and the Euro settled back around 1.3240. As favorable Dollar sentiment returned €/$ slipped further to the 1.3225 level.

EUR/USD closed higher on Wednesday as it extends this week’s short covering rally. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average

The Dollar’s continued weakness against currencies like the Yen (81.44), Swiss Franc (0.9440) and the Aussie (1.0165) spilled over into weakness against the Euro and the Pound as well, which have gained to 1.3227 and 1.5510 respectively.

Continuation of falling of pair forces to look at situation which is formed on larger degrees differently. Possible variant on Figure. Presumably, the wave (X) Triple Zigzag [b] of an of w is formed. Therefore, descending movement of December (while it keeps correctional structure), can be wave B of (X).

EUR/CAD is continuing the long-term down trend inside the Down Channel chart pattern indented by Autochartist on the daily chart. This patter has a high Quality (8 bars) that comes as a result of the strong values of all the quality indicators that contribute to its value: Initial Trend (6

U.S. Dollar Trading (USD) was sold on weaker than expected US data with December Conference Board Consumer confidence slumping to 52.5 vs. 54.3 previously and Case Shiller HP falling -0.8% y/y in October. In US stocks, DJIA +9 points closing at 11585, S&P +1 points closing at 1259 and NASDAQ