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Intraday bias in GBP/USD remains on the downside for the moment and further fall should be seen to 61.8% projection of 1.6456 to 1.5534 from 1.5814 at 1.5244 next. Break will target next key level at 61.8% retracement of 1.3503 to 1.7043 at 1.4855. On the upside, above 1.5460 minor…

At this point, intraday bias in USD/CHF remains on the upside with 1.0745 minor support intact. Sustained trading above medium term trend line resistance (now at 1.0866) will pave the way to next target of 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next. On the downside, below…

Intraday bias in USD/JPY remains on the upside with 91.18 minor support intact. As discussed before, the strong break of 91.26 resistance indicates that whole decline from 93.74 has completed with three waves down to 88.57 already. The corrective structure indicates that whole rise from 84.81 is still in progress….

Intraday bias in EUR/USD remains on the downside for the moment and further fall should be seen to 61.8% retracement of 1.2329 to 1.5143 at 1.3404. Break will set the stage for deeper fall towards 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. on the upside, above…

Dollar pares some of yesterday’s sharp gain after CPI report showed tamer than expected inflation outlook in US. Headline CPI rose 0.2% mom, 2.6% yoy versus expectation of 0.3% mom, 2.7% yoy. Core PI indeed dropped -0.1% mom with yoy rate moderated from 1.8% to 1.6%. Also released in US…

The USD traded at a nine month high supported by the Fed’s surprise decision to hike the discount rate late Thursday afternoon, Fed officials said the rate hike is not an indication of policy direction but a move towards normalization, the rate hike is not signal of a policy change…

It is now all about the interest rate in regard to valuations on Forex pairs, and for the first time since the sub-prime and credit-crisis started to unfold, market participants will be positioning for the longer-term rather than positioning for whatever comes tomorrow. The very reactive, intra-day, traders market will…

This is comforting reading. The European rebound remains on track despite the disappointing Q4 GDP data. New orders currently indicate growth of about 2% q/q annualised in Q1 10. German manufacturing PMI looks particularly strong now. It finally overtook French manufacturing PMI as we have been waiting for. This makes…

4H: The GBP/JPY pair has been slowly climbing the last 2 weeks. The Friday Asian-European session however started to retracement this rally from 138.30 to 143.60. The retracement actually started with the 2-bar reversal at the 143.60 top on the Feb. 17th session. Now a second leg of the retracement…

* Times listed are GMT