Your Friend LLC

EUR/JPY’s recovery from 125.22 was limited at 127.06 so far and weakens again in early US session. Intraday bias remains neutral for the moment, as sideway consolidation might continue. Nevertheless, even in case of another rise, upside is expected to be limited by 128.35 resistance and bring fall resumption. Below…

After being pressured for most of the day on rebound in Asian and European stocks, the Japanese yen is trying to fight back in early US session after jobless claims and headline durable goods orders from US disappoint the markets. Dollar remains steady in range against European majors and retreats…

It’s taken until Thursday for the haze descending over the currency market to lift. But the trend is becoming clearer today in light of fresh information in the form of dissent about what the Fed shouldn’t say to describe the economy and President Obama’s agenda for a political fix for…

The 4 hour trend is long, as the global markets start to reverse the Usd buying that came in-line with the selling of stocks and commodities earlier in the week. The 4 hour global market trends are favoring the long side of risk on Thursday, and the short side of…

The world’s leading economy continues to recover from the worst financial crisis in decades whereas yesterday markets witnessed a hectic day due to the continuing housing data along with companies earning releases and finally FOMC Rate Decision that did not provide any new details or indicate to investors on the…

The Cable has managed to break above the 55-MA on the 4H. The Resistance at 1.63 has held and if it continues, the pair may come down towards 1.61 over today/ tomorrow. Else, a break of this is likely to make the pair test the wedge Resistance at 1.6412 on…

The latest Federal Reserve statement was slightly stronger than previously, but there will still be little expectations of a near-term increase in interest rates which will limit dollar buying support on yield grounds. The Euro is likely to remain vulnerable to selling pressure as confidence in the Euro-zone region remains…

We are seeing the bulls trying to resurface as the pair?s break to a new low at 1.3933 level was seen being rejected in early trading today. There is a 4 hourly rejection candle and a potential hammer in the making on the daily chart suggesting a halt of its…

A follow-through higher on the back of its Wednesday recovery strength was seen today driving the pair further higher and targeting its minor resistance at the 90.56 level. We retain our downside bias on the pair while trading below its channel resistance at 92.13 and its 2010 high at 93.74….

The bounce in stock market indices suggest that risk appetite is finally making a comeback. Obama?s State of the Union address focused clearly on the issue of job creation, the lack of any firm detail on his banking proposals and his statement that he was not out to punish the…