Stocks and Dollars

EUR/CHF rose further to as high as 1.3817 last week but faced strong resistance inside 1.3733/4039 zone and reversed. The development suggests that whole recovery from 1.30723 has completed at 1.3817 already. Initial bias remains mildly on the downside for 1.3341 support first. Break will confirm this bearish case and

EUR/CHF rose further to as high as 1.3817 last week but faced strong resistance inside 1.3733/4039 zone and reversed. The development suggests that whole recovery from 1.30723 has completed at 1.3817 already. Initial bias remains mildly on the downside for 1.3341 support first. Break will confirm this bearish case and

EUR/JPY rose to as high as 114.72 before retreating. The break of 113.40 resistance indicates that a medium term bottom is formed at 107.30. Hence, while some sideway consolidation might be seen initially this week, we’d expect downside to be contained above 110.00 support and bring another rise. Above 114.72

EUR/JPY rose to as high as 114.72 before retreating. The break of 113.40 resistance indicates that a medium term bottom is formed at 107.30. Hence, while some sideway consolidation might be seen initially this week, we’d expect downside to be contained above 110.00 support and bring another rise. Above 114.72

GBP/JPY surged to as high as 137.52 last week before retreating. The break of 136.39 resistance indicates that whole rebound from 126.73 low has resumed. Hence, while some sideway consolidations might been seen initially this week first, downside should be contained well above 130.82 support and bring another rise. Above

GBP/JPY surged to as high as 137.52 last week before retreating. The break of 136.39 resistance indicates that whole rebound from 126.73 low has resumed. Hence, while some sideway consolidations might been seen initially this week first, downside should be contained well above 130.82 support and bring another rise. Above

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained some ground. The CRB commodity index continued to advance, but

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained some ground. The CRB commodity index continued to advance, but