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Dollar Index: The 4 hour trend is long. The Usd has been bought heavily since investors are flocking to the safety of Usd based Treasuries and away from the risk of equities and commodities. Take care going long-Usd until it breaks above the 81.00 area. There is no strong signal…

Cad: The four hour trend is neutral. The loonie was the other major pair to not weaken as the dollar gained ground before the FOMC release. Targets are in the 1.0300 range and lower if equities and commodities find buyers; if not, the pair may just consolidate around 1.0500 until…

Cable: The four hour trend is short. The pair may have fallen 125 pips on the day but is still holding to the pattern of higher highs and higher lows that has become routine over the past 8 days. This week however, has once again shown that the economy is…

At this point, intraday bias in EUR/USD remains on the downside and further decline is still expected. Break of 1.3531 support will confirm that recent fall has resumed and should target 61.8% retracement of 1.2329 to 1.5143 at 1.3404 and then 161.8% projection of 1.5143 to 1.4217 from 1.4578 at…

Yen rises in early US session after worse than expected jobless claim which rose back to 473k. Dollar remains firm, though, against European majors, supported by stronger than expected PPI reading which rose 1.4% mom, 4.6% yoy with core PPI up 0.3% mom, 1.0% yoy. Canadian dollar is trying to…

The USD is trading higher in reaction to Wednesday’s FOMC minutes which state that the Fed discussed a possible discount rate hike in January and in reaction to concern about bad loans in Italy, GBP pressured by report of worse than expected UK January public sector borrowing, the UK posts…

The pair is now seen weakening following its loss of upside momentum at the 0.9035 level and its subsequent declines. This development has left the pair vulnerable to the downside towards the 0.8924 level, its Feb 02?10 high. We may witness a halt in price decline there if seen but…

With a collapse off the 1.5814 level and ahead of its strong resistance at the 1.5830/49 levels, its Dec 30?09/Feb 01?10 lows seen, we look for the pair to weaken towards its 2010 low at 1.5532 having taken out its Feb 16?10 low at 1.5626. Below the 1.5532 level will…

The dollar was firmer today pushing euro to near nine-month lows as positive data from the US boosts investor confidence. Aiding the greenback was speculation that the Fed will soon begin unwinding stimulus measures as the US recovery gains traction. Euro continued to drift lower, losing a total of 1.8%…

The Cable has broken below the Support at 1.5610 that we had mentioned in the morning and has recorded a low of 1.5575 so far. Further downside should be contained near the 1.5500 Support. The pair would then possibly continue to honour the range of 1.55-1.58 over the next few…