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Sterling took an earlier slug to the gut after a shocking rise in the number of jobless claims. Instead of matching estimates of a 10,000 gain in jobs created, investors were disappointed to learn that jobs shed came in at 23,500 for the largest gain since July last year. After…

The USD is trading mixed gaming versus the JPY and weakening versus the high-yield currencies as stock markets rise and risk appetite improves, improvement in risk sentiment is attributed to diminished fear of sovereign debt contagion risk in Europe sparked by speculation Greece will not need an immediate bailout and…

With a corrective recovery continuation seeing AUDUSD pushing through the 0.8924 level, its Feb 02?10 high and the 0.8981 level, representing its Jan 22?10 low to test a high of 0.9026 on Tuesday, threats on the upside could shape up towards the 0.9092 level, its Jan 25?10 high. We should…

Having following through lower on its Monday weakness to test a low of 1.0408, we continue to see downside pressure towards its Jan 12?10 high at 1.04111 with an eventual break envisaged. A decisive violation will set the stage for a push lower towards the 1.0219/04 levels where a breach…

Fears of the sovereign debt crisis in the eurozone subsided today as investors flocked to riskier , higher yielding assets. Asian and European markets were stronger after US equity markets rallied more than 1.5% overnight, with the Dow Industrial Average closing at 10268.81. The euro is slightly weaker today having…

Overall View: Looking for end of a Short correction, before an up-trend can continue. Long Price Points: 81.00, and 79.53 Looking for: Low of a correction. Momentum: The dollar index moved into long mode in early December and has found buying support and momentum, as equity markets struggle to value…

4 Hour Chart: Mixed Price Points: 0.8577. Looking for: Top of a correction Momentum: The pair’s trend went flat on the 26th of October, and has moved sideways since then with no real strength. In recent trade, a neutral trend has been established.

Dollar Index: The 4 hour trend is long. The Usd has been sold in the move out the safety of Usd based Treasuries and towards the risk of equities and commodities. Traders now have separation in regard to the differing percentage moves that are being made on each pair. Take…

Aussie: The four hour trend is neutral. The pair held support on the weekly chart cannel at 0.8550 and set up a base for the pair to test 0.9000, in-line with long moves in equity and commodity trade. Long-term targets are at 0.9500, now that 0.8750 has also been tested…