Stocks and Dollars

Although the single currency rose above indicated resistance at 113.37-43 in line with our expectation and reached retracement target at 114.16, as euro then retreated from 114.74, suggesting a top has possibly been formed and consolidation with downside bias would be seen for weakness towards 110.02, however, a daily close

Although the single currency rose above indicated resistance at 113.37-43 in line with our expectation and reached retracement target at 114.16, as euro then retreated from 114.74, suggesting a top has possibly been formed and consolidation with downside bias would be seen for weakness towards 110.02, however, a daily close

The end of the week in the European continent witnessed the release of data regarding the labor sector along with consumer’s confidence in the region that is pressured by rising oil prices and the depreciation of the Euro against majors.

The end of the week in the European continent witnessed the release of data regarding the labor sector along with consumer’s confidence in the region that is pressured by rising oil prices and the depreciation of the Euro against majors.

Dollar/Yen continued decreasing on Thursday, in converse with the negative Interbank sentiment at around +15%. The currency couple depreciated from 87.49 to 86.62 yesterday, closing the day at 86.82. Today the bears took further advantage down to 86.27. On the 1 hour chart trading is within wide range, and on

Dollar/Yen continued decreasing on Thursday, in converse with the negative Interbank sentiment at around +15%. The currency couple depreciated from 87.49 to 86.62 yesterday, closing the day at 86.82. Today the bears took further advantage down to 86.27. On the 1 hour chart trading is within wide range, and on

Although the greenback recovered from 1.0394 to 1.0640, renewed selling interest emerged there and the decline from 1.1730 resumed this week, suggesting this wave 2 is still in progress and may extend weakness to 1.0268 (50% projection of 1.1138 to 1.0394 measuring from 1.0640), however, reckon 1.0180 (61.8% projection) would

Although the greenback recovered from 1.0394 to 1.0640, renewed selling interest emerged there and the decline from 1.1730 resumed this week, suggesting this wave 2 is still in progress and may extend weakness to 1.0268 (50% projection of 1.1138 to 1.0394 measuring from 1.0640), however, reckon 1.0180 (61.8% projection) would