Strong rebound retested .8860 and reapproached channel top off year high (see graph). Support at .8741 (break-up hourly), with next level at .8633 (today’s low?), where pause favored. If wrong,...

New recovery high on move above 1.2454 (see graph) and above daily channel top off Dec high.Above channel off 1.1876 (see graph) but now back below the daily Flag off year low (bottom at 1.2990...

On Thursday, sentiment on risk remained positive in Asian and European trading.This continued to support the euro. EUR/USD set a minor correction high in Asia,but no real break occurred. The pair...

After the ‘suspect’ flaring up of risk appetite on Tuesday, investors didn’t know whichcard to play yesterday morning. Asian and European equities joined the correction inthe US...

The recent void in fresh data was quickly eclipsed by a frenzy in JPY and USD buying which pushed USDJPY down to a 15 year low at 84.58 (at time of writing) and EURJPY below its Fibonacci level at...

Chairman Bernanke's position that the U.S. recovery isn't quite there yet is another stitch of evidence weaving together a bigger view that the Fed may further stimulate the economy through...

The ISM fell less than expected to 55.5 in July, but the headline masked weaker details as both the production and new orders indices deteriorated further The details of the report as well as our...

 The ruling DPJ-led coalition government suffered a severe defeat in connection withthe Upper House election and lost its majority. DPJ still has a majority in the moreimportant Lower House and...