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The Euro is firm to stable in the upper region of 1.4410 and 1.4370 in a rather narrow trading range in the Asian and early European session. The support was also aided by the weakness of both the Japanese Yen and Swiss Franc after the U.S. reached an agreement to

The USD got hit hard into the weekend as the lack of debt ceiling agreement and the week Q2 GDP data undermined the unit. While one could take a positive spin in that we are likely to see better Q3 GDP data than in Q2, the agreement over the weekend

USD/CHF’s recovery and break of 0.7918 minor resistance suggests that a temporary low is in place at 0.7848. Intraday bias is turned neutral for some consolidations but upside of recovery is expected to be limited below 0.081 support turned resistance and bring down trend resumption. Below 0.7848 will target medium

Gold: Gold is currently trading at 1612.69 levels. Gold is trading in red after indication that US will not default on its debt enabling investors to take a sigh of relief and to book profits in gold. Support is seen at 1605.65 levels (21 days 4hrly EMA) while resistance is

Although the greenback dropped to a record low against the Swiss franc of 0.7851 and over 4-month low versus Japanese yen at 76.70, news over the weekend that U.S. Congressional leaders finally agreed a last minute deal to raise debt ceiling helped the dollar to rebound from lows, both currency

Although the greenback dropped to a record low against the Swiss franc of 0.7851 and over 4-month low versus Japanese yen at 76.70, news over the weekend that U.S. Congressional leaders finally agreed a last minute deal to raise debt ceiling helped the dollar to rebound from lows, both currency

The UK PMI manufacturing index on Monday is the first of three key indices to be released ahead of Thursday’s Bank of England interest rate decision and this run of data will be vital for the future of Sterling’s new-found defensive role. If the PMI index signals industrial contraction with

The UK PMI manufacturing index on Monday is the first of three key indices to be released ahead of Thursday’s Bank of England interest rate decision and this run of data will be vital for the future of Sterling’s new-found defensive role. If the PMI index signals industrial contraction with

USD/JPY recovers strongly today and the break of 77.56 minor resistance suggests that a temporary low is formed at 76.71. Intraday bias is turned neutral for some consolidations. But upside should be limited by 78.46 resistance and bring another fall. Below 76.71 will target 100% projection of 85.51 to 79.56 from 82.22 at 76.27 and then 75.98 low.

USD/JPY recovers strongly today and the break of 77.56 minor resistance suggests that a temporary low is formed at 76.71. Intraday bias is turned neutral for some consolidations. But upside should be limited by 78.46 resistance and bring another fall. Below 76.71 will target 100% projection of 85.51 to 79.56 from 82.22 at 76.27 and then 75.98 low.