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Are we getting close to a bottom in $-yen (top in yen -$)? We think so! USDJPY vs. Nikkei Stock Index Daily: See a divergence in what was a very tight correlation between the Japanese yen and Nikkei stock index. Of course we never know with this correlation stuff….

Risk trades in FX recovered somewhat from the overnight rout as traders reposition for what looks to be a very risk averse NY session upcoming. Sentiment continued to worsen with European bourses shedding about -3% on average on the heels of a similar pullback in Asia shares. US futures suggest…

The rate of inflation fell more than expected in January, as did the core number. The CPI number came in at -0.3% while the Core CPI came in at -0.4%. Compared with the same month last year, downward pressure in January came mainly from lower gasoline prices, but also from…

Contrary to our expectation, Dollar-Swiss has risen past 1.1850, breaking out of the 1.1550-1830 rising channel that it has been trading in for the past several days. While it now stays above 1.1840-30, there could be chances of follow-through Stop Loss buying, which could take the market up towards 1.1927,…

Yesterday Dollar/Yen continued their rising scenario. The currency couple made a top at 94.45 and closed at 94.21. Of the 4 hour chart there is a still a valid ascending channel. Fibonacci levels show us that currently USD/JPY is testing 38.4% in the region of 94.58 and forming a potential…

USD/CAD recovers mildly after drawing support from 4 hours 55 EMA but consolidation from 1.2672 is still in progress after all. Some more sideway trading could still be seen. Nevertheless, we’re still cautiously bullish on the pair as long as 1.2394 support holds. Triangle consolidation from 1.3005 should be near…

EUR/USD Today’s support: – 1.2548 and 1.2506(main), where correction is possible. Break would give 1.2480, where correction also may be. Then follows 1.2465. Break of the latter would result in 1.2443. If a strong impulse, we would see 1.2426. Continuation will give 1.2403.

EUR/USD-market strategy can be a buy from the level 1.2610$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market,…

The euro fell, set for the biggest weekly decline in a month against the dollar, on speculation European Central Bank President Jean-Claude Trichet will signal in a speech today that he may cut interest rates to spur growth. The 16-nation currency headed for its seventh weekly loss in eight weeks…

EUR/CHF’s rise from 1.4699 extends further to as high as 1.4985 today and at this point, intraday bias remains on the upside as long as 1.4835 minor support holds. Further rise is in favor towards 1.5120/5190 resistance zone. On the downside, below 1.4835 will turn intraday outlook neutral again. But…