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An early push higher in the value of the dollar quickly subsided on Monday as traders kicked the tires of U.S. monetary policy beginning to realize that while an early change in short term settings is unlikely, any changes later in the year might be minor. Chasing the dollar higher…

Positive equity market trade helped pull the major currencies higher against the dollar in Monday trade. The gains were mainly led by the pound and the aussie, while the euro lagged behind. The gains came after a period in which the currency market looked to want to only buy the…

The year 2010 is highly forecasted to show further signs of economical enhancement and healing from the downside pressures of the recession within the world’s largest economy throughout overall sectors; however the ongoing deterioration of the labor market remains the major obstacle that Obama’s administration is facing and the main…

The latest UK economic data has been stronger than expected and will trigger some speculation that the Bank of England will need to move earlier than expected to tightening monetary policy. There will still be huge uncertainties surrounding the economy and the budget deficit position remains highly unstable. In this…

Nearer term outlook for the pair continues to point higher building further on its last week gains as it now eyes a move towards its Dec?14?09 high at 0.9173. This current strength is coming on the back of is declines from the 0.9404 level and a halt in price at…

Hesitation to downside weakness is now seen in GBP following its early morning failure to follow through higher on its last week weakness. This price development has left the 1.6067 level, its Dec 29?09 high as the nearby support where a break will turn attention to its psycho level at…

The Cable has risen during the day. The Support at 1.6078-37 has held. The Projected Max High at 1.6230 has been tested and the pair has come down a bit thereafter. It has broken above the 21-DMA and is likely to test the Resistance zone 1.6270-1.6353 on the weekly chart….

EUR/USD has bounced sharply higher since the start of the European trading session. From 1.4274 just after the open the USD fell all the way back to just a shade below 1.4400 as the market gets its teeth back into the risk trade and on a reluctance to hurry a…

* Times listed are GMT

Currencies: Dealers noted that US yields were likely to set the tone to start the year. The US 2-year yields climbed to test 1.18% level in Asia, which initially aided the dollar as USD/JPY achieved fresh four-month highs of 93.20. However, USD gave back its earlier gains as commodities responded…