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Current development indicates that a short term top is in place in USD/CHF at 1.0640 on bearish divergence condition in 4 hours MACD. Some more consolidations could be seen with risk of another fall. Though, downside should be contained by 1.0367 support and bring rally resumption. Above 1.0640 should target…

With 1.5902 minor support intact, GBP/USD’s recovery from 1.5849 might still continue. But still, upside should be limited below 1.6274 resistance and bring fall resumption. Below 1.5902 minor support will flip intraday bias back to the downside for 1.5829 support. Break there will confirm the whole fall from 1.6875 has…

With 89.97 minor support intact, USD/JPY’s recovery from 89.13 might continue further. Nevertheless, decline from 93.74 is still in favor to continue as long as 91.86 resistance holds. Below 89.97 will flip intraday bias back to the downside. Break of 89.13 will confirm fall resumption to 87.36 support next. As…

The USD is trading mixed to lower as the EU commission backs Greek proposals to deal with its deficits and equity markets edge higher, EUR was also supported by upward revision in EU Jan services PMI, GBP firms in reaction to report of improving consumer confidence with gains limited by…

A build up on its Tuesday gains has seen EUR strengthening in early trading today suggesting a move towards its Jan 21?10 low at 1.4028 and even higher. Its current upside offensive is coming on the back of its recent weakness off the 1.5143 level and its subsequent recovery initiated…

In the space of an instant the fate of the single European currency has turned on a dime following the European Commission’s approval on Wednesday of the plan submitted by the government of Greece to reduce its public deficit from 12% to 3% within the next 36 months. Although it’s…

EUR/USD’s break of 1.3989 minor resistance indicates that a short term bottom is already formed at 1.3852 on bullish convergence condition in 4 hours MACD. Stronger rebound could now be seen towards 1.4193 resistance But after all, we’d expect upside to be limited by 1.4217/4578 resistance zone and bring resumption…

Dollar edged lower on broad based rally in global stocks and commodities earlier today but recovers in early US session after better than expected job market data. The ADP employment report showed -22k contraction in the private job sector of US, versus expectation of -40k and prior month’s upwardly revised…

So far, the major obstacle that the world’s leading economy is facing is its deteriorated key sector; the labor market, as it continuously prevented the country to witness a full, stronger and more accelerated overall recovery within it’s different sectors, however today’s ADP Employment Change for last month may show…

* Times listed are GMT