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Dollar pares some losses in early US session, lifted by stronger than expected core durable goods orders and jobless claim. While headline durable goods orders missed expectation by rising 0.2% in November, ex-transport orders were impressively strong by rising 2.0%. The data suggests that business are starting to respond to…

The USD/JPY?s recent rally seems to be topping out as investors lock-in profits on the Dollar. Today?s weakness in the USD/JPY comes despite a reiteration from the BoJ that the central bank is intent on fighting deflation, implying an accommodative monetary policy for the foreseeable future. Such a hawkish monetary…

The Cable is stabilizing today as investors take profits in the Dollar across the board. However, the Pound is exhibiting a relative weakness, as highlighted by a pop in the EUR/GBP. Weakness in the Pound likely stems from yesterday?s BoE Meeting Minutes, which indicated that the central bank is still…

The EUR/USD is logging solid gains so far today as we witness broad-based profit taking the Dollar. Gold is back above $1100/oz and the EUR/GBP has popped towards .90, indicating relative strength in the Euro. The Euro?s strength comes despite yesterday?s weaker than expected French Consumer Spending data. Investors are…

With an almost a flat trading day seen on Wednesday and marginal strength coming into early trading today, GBP may be preparing to trigger a corrective recovery of its declines started at the 1.6875 level. However, until this scenario plays out, our focus remains to the downside towards its bigger…

With a second-day of strength now underway, AUDUSD could be shaping up for a retest of the 0.8904 level, its Nov 01?09 low. This is expected to reverse roles and provide resistance thereby turning the pair lower again. However, if a trade above there occurs, a run at the 0.8943…

Sentiments of pessimism are spread in the U.S so far, due to the data released this week, which actually came in gloomy and worse than market forecasts, but last month’s durable goods orders will be posted later on today have most probably risen due a slight strengthening of sales across…

As the greenback retreated after rebounding to 1.0748 last week, suggesting further consolidation below resistance at 1.0871 is in store and weakness to 1.0406 cannot be ruled out, however, downside should be limited to 1.0300 and as long as support at 1.0206 holds, prospect of another rise remains. Above 1.0748/50…

The single currency did hold above indicated key support at 126.95 and has rebounded from 127.32, retaining our consolidative view and mild upside bias remains for test of the Tenkan-Sen and Kijun-Sen (now at 132.69 and 132.80), them towards resistance at 134.54. Looking ahead, it is necessary to see a…

Although the currency pair rebounded from 76.57 to as high as 82.99, the retreat from there has retained our view that top has possibly been formed at 85.30 and consolidation with downside bias remains but break of 78.00 is needed to bring another test of said support at 76.57. Looking…