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Euro continues trade heavily across on concern of Greece’s deficit. IMF Managing Director Strass-Kahn came out and said that it’s a serious problem even though he doesn’t expect “fragmentation of the Eurozone”. Greek Finance Minister Papaconstantinou said speculation the country would leave the eurozone is “absolutely absurd”. Papaconstantinou said that…

USD/CAD rises further to as high as 1.0451 in early US session and the strong break of 1.0412 resistance confirms out view that fall from 1.0744 has completed at 1.0233 with bullish convergence condition in 4 hours MACD. Also, whole consolidation pattern from 1.0851 should have completed too. Intraday bias…

EUR/JPY’s decline from 134.36 extends further to as low as 128.50 so far. At this point, intraday bias remains on the downside for 126.88/127.50 support zone. As discussed before, recent development suggests that price actions from 126.88 are merely consolidation to fall from 138.47 and should have completed at 134.36….

Intraday bias remains neutral for the moment. As noted before, corrective rise from 1.5829 is expected to be limited by 61.8% retracement of 1.6875 to 1.5829 at 1.6475. Indeed, such correction might have already completed at 1.6456 already. Break of 1.6209 will affirm this bearish case and flip intraday bias…

USDJPY dips mildly after hitting 4 hours 55 EMA. At this point, intraday remains neutral as consolidation from 90.30 might continue. Nevertheless, another fall is still expected 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…

USD/CHF’s rally from 1.0131 extends further to as high as 1.0445 in early US session. As discussed before, correction from 1.0506 has completed at 1.0131 and whole rise from 0.9916 should be resuming. Intraday bias remains on the upside for 1.0506 resistance first. Break will confirm this bullish view and…

EUR/USD drops further to as low as 1.4131 so far in early US session and at this point, intraday bias remains on the downside for mentioned 38.2% retracement of 1.2329 to 1.5143 at 1.4068. Break there will target next medium cluster support level at 1.3737. On the upside, above 1.4227…

The magnitude of the concerns surrounding the fiscal state of Greek financial affairs has today ripped deeper into the health of the euro. The problem is reminiscent of the wealthy tourist struggling with the hustle and bustle of a busy town center, only to be constantly hounded by a young…

So far, the world’s largest economy housing sector showed signs of enhancement throughout this past period; however, the sector is still struggling slightly to recover from the ongoing downside pressures of the worst recession witnessed since the WWII, whereas overall prices pressures levels are still controlled and the current Feds…

Gbp/Usd is threatening to break below its 100 day M/A of 1.6310. From a daily perspective the next support level should come in about 100 points lower at 1.6207. This is a trendline of previous daily lows. If the 100 day M/A holds a move back up to 1.6370-80 is likely, though the pair does look bearish. Ultimate support is down at 1.6157, its 200 day M/A.