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Dollar dived to new 2009 low last week on rising risk appetites but was later supported by selloff in commodities to close near to middle of last week’s range. DOW managed to climb to as high as 10341 while gold made another record high of 1123.4 and both gave much…

USD/CHF rebounded strongly last week but after all, upside was limited below 1.0200 resistance and hence, fall from 1.0337 might still be in progress. Initial bias is neutral this week and some consolidations might be seen first. Break of 1.0032 low will bring fall resumption to parity first. On the…

EUR/USD’s rebound was limited at 1.5047, below 1.5061 and weakened again. Nevertheless, with 1.4810 support intact, rise from 1.4626 is possibly still in progress even though some consolidation would be seen first. Initial bias is neutral this week. Break of 1.5061 will indicate that whole medium term rise has resumed…

GBP/USD’s break of 1.6750 resistance last week indicates that fall from 1.7043 has completed with three waves down to 1.5706 already. The three wave structure in turn indicates that whole medium term rise from 1.3503 is still in progress. Retreat from 1.6841 should have completed at 1.6516 after drawing support…

Despite rebounding to 90.60, USD/JPY failed to sustain gain and weakened again towards the end of the word. Fall from 92.31 should still be in progress. Initial bias is mildly on the downside this week and break of 89.28 will bring fall resumption to 88.00 low first. While some recovery…

* Times listed are GMT