Stocks and Dollars

The USDJPY climbed to 91.38 while EURJPY rose to 112.63 as the JPY weakened against its major counterparts amid speculation political turmoil will dent the currency’s safe-haven appeal after Japan’s Social Democratic Party left a three-way coalition government. The JPY also fell after a poll showed that more than half

USD/CAD’s correction from 1.0851 might still continue lower with 1.0643 minor resistance intact, towards 61.8% retracement of 1.0109 to 1.0851 at 1.0392 and below. But strong support should be seen above trend line support (now at 1.0268) and bring rebound. On the upside, above 1.0643 will indicate that pull back

USD/CAD’s correction from 1.0851 might still continue lower with 1.0643 minor resistance intact, towards 61.8% retracement of 1.0109 to 1.0851 at 1.0392 and below. But strong support should be seen above trend line support (now at 1.0268) and bring rebound. On the upside, above 1.0643 will indicate that pull back

As the Australian dollar has eased after Friday’s rise to 0.8552, suggesting consolidation would be seen with initial mild downside bias, however, as we keeping our view that wave v of a leg has possibly ended at 0.8066, reckon 0.8370/80 would attract renewed buying interest and bring another rebound later.

As the Australian dollar has eased after Friday’s rise to 0.8552, suggesting consolidation would be seen with initial mild downside bias, however, as we keeping our view that wave v of a leg has possibly ended at 0.8066, reckon 0.8370/80 would attract renewed buying interest and bring another rebound later.

A report today showed Australia’s current account deficit widened in the first quarter ended in March, as rebounded exports including iron ore outpaced a gain in imports of clothing and capital goods. On the other hand, the June 2 reading of GDP for the first quarter is expected to be

A report today showed Australia’s current account deficit widened in the first quarter ended in March, as rebounded exports including iron ore outpaced a gain in imports of clothing and capital goods. On the other hand, the June 2 reading of GDP for the first quarter is expected to be

Last day of the month, first day of the week. UK and US on holiday today. Markets may be quiet as a result. The Euro (1.2325) is not looking overly bullish, having failed to sustain above 1.24 last week. Appears consolidative at best. On the other hand, Dollar-Yen (91.42) has