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The story remains the same everywhere you look around the world. The manufacturing baseline expansion continues to underpin expectations for a decent first half of the year. Money managers see little reason not to add equities, commodities and higher yielding currencies to their portfolios as investing resources are shifted to…

The USD is trading lower as commodity prices and global equity markets continue to rise, Asian equity markets touch a 17 month high, platinum trades at its highest level since August of 2008, EUR/GBP cross trades higher with GBP pressured by concern about the UK deficit, the Financial Times reports…

The world’s largest economy housing sector along with other economical branches showed more than once previous signs of enhancement throughout 2009 and is forecasted to enhance further this year, however the pending sales of the country’s existing homes has most probably dropped in November as Americans waited actually for a…

Gbp/Usd is currently trading just beneath the 50% Fibo retracement of the move down from 1.6240 to 1.6064. The next level of resistance should be 1.6173 which is the 61.8% Fibo. If these levels hold a move back down below 1.6100 is likely. a break above should bring us back to 1.6240.

Cable has fallen sharply during the day. It is likely to fall further towards 1.5850 over the next couple of days. The 200-DMA having been breached, the pair may come down after some sideways movement towards the 55-week MA (1.5659). The sideways range that we are looking at is a…

Gold may attract far more punters and column inches but it was the red metal, not the yellow one, that truly shone in 2009. Copper prices surged 140 per cent in 2009 and are now up over 160 per cent since their December 2008 low, compared with a roughly 25…

Euro seems to have formed a base, after 1.4200 lows, after the sharp moves in the end of 2009. The market?s sentiment is not clear, even if there is some risk appetite, as we can see from the rise in commodities and stock markets.

The overnight trading hours provided mixed trading patterns in the currency market, as the major pairs tried to push the dollar index lower with only limited success. The exceptions were the pound and the yen, that went in the opposite direction in a trading session that looked lost. The pound…

* Times listed are GMT

Overnight JPY gains stalled in early European hours. Doubts as to whether the US economy will be able to garner enough momentum this year to prompt the Fed to hike rates in Q3, if at all in 2010, yesterday undermined the recent USD?s recovery. This caused the market to question…