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USD/JPY’s sharp fall today and the break of 89.64 minor support suggests that recovery from 89.28 has completed at 90.60 already. Also, the development argues that fall from 92.31 is still in progress. Intraday bias is flipped back to the downside. Break of 89.28 will bring fall resumption to 88.00…

Dollar pares some gain and stays in tight range in early US session. Yen was lifted by talk of an imminent Chinese Yuan revaluation ahead of US President Obama’s visit to Asia. Euro received little support even though data fro Eurozone showed the region returned to growth in Q3. Meanwhile,…

The USD is trading lower pressured by optimism about the global recovery as EU GDP report suggests that the EU recession is over, JPY supported by large upward revision in September industrial production and Yuan revaluation rumors, EU Q3 GDP rises less than expected, Australia’s trade minister says strong AUD…

This week was calm and mixed for the world’s largest economy as no economic data was reported within the first three days and fears along with optimism remain spread within the country since that the unemployment rate for October was released last week showing a further incline as it climbed…

* Times listed are GMT

The euro was lower in trade on Thursday and has reached our 1.4800 support area, after a five completed waves up, as discussed and posted here. The whole price action shown on the chart below now looks quite tricky since the moves are trapped between a 1.5062 top and the…

Overall, the major pairs gained some pips in Friday morning trade, but the moves seen until now are rather fragile. The only exceptions are the pound and the yen, which experienced an active first part of the day. During the European session, the European GDP numbers disappointed most investors, but…

Aussie continues to trade higher and is looking strong on its upmove. The overall bullish sentiment is intact and if the current strength on its upmove continues, we might see a rise once again towards 0.9350-70 in the coming sessions/days. A strong break above 0.9370 might target 0.9500 in the…

The USD relaxed its better tone in early European hours this morning following an acceleration of German GDP growth in Q3 to +0.7% q/q. However, the USD?s inability to hold above EUR/USD1.4900, the generally soft tone in stocks and weaker gold and oil prices reflects a reduced appetite for risk…