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With all the controversy surrounding Jay Leno, Conan O’Brien and mama bird NBC … perhaps China would like to slip in and host a show, regardless of whether they get pushed back by half an hour. It seems Chinese officials like to talk. Ok, maybe they’ve earned it; China has…

EUR/GBP dives further to as low as 0.8729 today and at this point, intraday bias remains on the downside as long as 0.8787 minor resistance holds and further fall should be seen. However, strong support is expected at 0.8704 support to bring rebound. Above 0.8787 resistance will turn intraday bias…

Traders used the twin excuses of lingering concerns over the public finances of Greece and a sour investor confidence reading to beat down the euro on Tuesday to challenge its weakest point so far in 2010 ahead of the return from a long U.S weekend. Further detracting from risk appetite…

With 4 hours MACD crossed above signal line, intraday bias is turned neutral for the moment. But after all, another fall is still expected in USD/JPY as long as 92.03 resistance holds. Below 90.30 will bring fall resumption to 87.36 support next. Break there will confirm the bearish case that…

GBP/USD soars to as high as 1.6456 today but drops sharply since then. As noted before, rise from 1.5829 is treated as correction to fall from 1.6875 only and is expected to be limited by 61.8% retracement of 1.6875 to 1.5829 at 1.6475. Considering mild bearish divergence condition in 4…

USD/CHF’s rise from 1.0131 resumes after brief retreat and reaches as high as 1.0351 so far. As noted before, correction from 1.0506 should have completed at 1.0131 after hitting 61.8% retracement of 0.9916 to 1.0506 at 1.0141. Intraday bias remains on the upside for 1.0383 resistance first. Break there will…

EUR/USD’s fall from 1.4578 resumes after brief recovery and dives to as low as 1.4263 so far. As discussed before, consolidation from 1.4217 should have completed at 1.4578 already after hitting 38.2% retracement of 1.5143 to 1.4217. Intraday bias remains on the downside for the moment and firm break of…

ZEW expectations disappointed with yet another decline to 47.2 in January from 50.4 in December. This is the fourth decline in a row and it unmistakably looks like ZEW peaked in September. We believe it is too early for ZEW expectations to have peaked and we would have preferred to…

The world’s largest economy slow but sure economical revival continues on being on the right track, healing gradually from the worst recession since the World War II, having this week’s overall data highly predicted to show further signs of improvement throughout various sectors of the current economy while that inflation…

The Cable has fallen as the Dollar has strengthened across most of the currencies after ZEW Economic Sentiment. The Cable first rose towards 1.6458 and has fallen thereafter. Further decline is likely to find Support near 1.6325. Having broken above the 1.6308-55 region on the upside yesterday, the pair has…