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Although hesitation is now seen following the pair?s recovery strength through 90.77 level, as long as that level holds as support, outlook for further upside gains remains valid. Upside target comes in at the 92.31 level, its Oct 27?09 high initially with a turn above there aiming at the 93.85…

The USD is trading lower as global equity markets trade higher and risk appetite improves, EUR supported by gains in cross trade to GBP, AUD rallies 1% supported by improving risk appetite as stocks rise, USD consolidates recent gains versus JPY as US 10 year bond yield spread rises to…

Looking at the US economy in isolation, the dollar outlook is certainly not encouraging as it will remain weighed down by fears over reserve diversification and rising government debt. If the perspective widens to the global economy, then the outlook looks more encouraging. The European economies will under-perform while fears…

The Japanese yen dropped versus majors, as stocks bounced to records ahead of the release of important U.S. data. Investors left refuges on signs of recovery amid tranquility in markets, on the back of the year-end holidays. Later on today, U.S. data concerning housing and confidence are due where expectations…

The U.S. economy continues to show signs of improvement amid the worst financial crisis since the Great Depression; however, the fundamentals that will be released this week won?t be able to change the current situation or the outlook for the anticipated recovery, where the U.S. economy is expected to continue…

Cable did spike above the 200-DMA and has been trading lower since then. The Resistance region of 1.6051-81 which contains the 200-DMA, 13-DMA and the Trendline formed by joining the highs of 3-Dec (1.6721) and 16-Dec (1.6409) is likely to provide stiff Resistance going forward for the rest of the…

The major pairs have managed to break free from the tight ranges observed over the last few days of trading, but the trading volumes have remained light. The trend seen overnight was to sell the dollar, extending the moves of the last few days of trading. However, the medium term…

The USD continued to consolidate its Dec gains against the European pairs despite the continued rise in the US bond yields. As noted on Monday, dealer sentiment took notice that despite rising and widening yields, the dollar has stalled to garner additional strength from higher interest rate. Some mild stop…

The greenback rose against the yen on speculation the Federal Reserve will start retracting emergency stimulus measures as the U.S. economy recovers. The U.S. currency was set to gain versus the euro for a second day before a report today that economists said will show consumer confidence rose this month….

The formed hammer gave us a valid warning of upward continuation scenario. The currency couple had an increasing momentum on Monday to the 91.76 top and closed the day at 91.63. Signals are expected to remain upward with next targets towards 92.52, followed by 93.45. The RSI indicator, however, is…