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Overnight comments in Asia from two Fed officials served to expand upon Monday’s keynote speech at the Economic Club of New York in which chairman Bernanke discussed the falling dollar. Dallas Fed president, Richard Fisher noted that the value of the dollar was but one of the inputs when setting…

The U.S. economy continues to show more mixed signals, as activity is yet to be restored fully in the world’s largest economy, where several sectors continue to show signs of stabilization, and accordingly sectors are still showing that the recovery will be bumpy, whereas more data will be released today…

Cable has broken below the crucial Support zone mentioned in the morning. Unless this turns out to be just a false break (which would be confiremd on a test of 1.6580, the Cable can fall towards 1.6400 over the next few days and may be even lower towards the lower…

The area of 1,5000 could not be breached again, and the sideways formation continues. Today starts negative for euro and1,4820-40 area is likely to be tested again as support..These levels have been already tested four times and couldn?t be breached and this means that this time a break is possible….

Prices are currently trading around a significant support area, in the where a Short corrective wave IV) may find a base and reverse off the 0.9180 support area. In this case traders should look for a bounce into the Long wave V) leg, targeting above the 0.9403 top.

A difficult session for Japan’s Nikkei 225 overnight wiped away risk appetite at the start of the European session. EUR/USD dropped back to 1.4847 early in the session, the EUR finding support from the strength of the EUR/JPY 132.00 technical barrier. Sterling found encouragement on positive news from the Oct…

On Wednesday Dollar/Yen failed to make convincing break bellow 88.80, and went up to 89.48, closing the day at 89.28. Today the downward movement was renewed, and our expectations are for the bearish trend to continue for now. Convincing break bellow Tuesday’s bottom 88.80 may strengthen the Yen further and…

It seems that neither economic releases nor unexpected Fed remarks about interest rate policy has been able to coerce major currency pairs out of their entrenched ranges this week. Despite comments from Bernanke on Monday, San Francisco Fed President Yellen on Tuesday, and St Louis Fed President Bullard yesterday, the…