EUR/USD Mid-Day Outlook

December - 30 - 2010

EUR/USD’s recovery from 1.3054 extends further today but is still limited below 1.3358 resistance. There is no indication that rise from 1.2969 is resuming yet. We’ll stay neutral. On the downside, below 1.3054 will bring another fall to 1.2969. Break will confirm resumption of whole decline from 1.4281 and target

GBP/USD Mid-Day Outlook

December - 30 - 2010

Intraday bias in GBP/USD is neutral for the moment as consolidations from 1.5343 continues. Another rise cannot be ruled out as such consolidations continue but strong resistance should be seen at near term falling trend line (now at 1.5743) and bring fall resumption. Below 1.5343 will target 1.5296 key cluster

GBP/USD Mid-Day Outlook

December - 30 - 2010

Intraday bias in GBP/USD is neutral for the moment as consolidations from 1.5343 continues. Another rise cannot be ruled out as such consolidations continue but strong resistance should be seen at near term falling trend line (now at 1.5743) and bring fall resumption. Below 1.5343 will target 1.5296 key cluster

USD/JPY Mid-Day Outlook

December - 30 - 2010

Near term outlook in USD/JPY remains bearish with 82.53 resistance intact. Current fall from 84.49 is expected to extend further to retest 80.29 low first, and possibly further to 79.75 key support level. On the upside, break of 82.53 resistance will indicate that a short term bottom is formed and

USD/JPY Mid-Day Outlook

December - 30 - 2010

Near term outlook in USD/JPY remains bearish with 82.53 resistance intact. Current fall from 84.49 is expected to extend further to retest 80.29 low first, and possibly further to 79.75 key support level. On the upside, break of 82.53 resistance will indicate that a short term bottom is formed and

Today’s session was characterized by further USD weakness and at the same time strength by the Swiss Franc. The CHF hit record highs against the GBP, EUR, and USD simultaneously. The USD was also weaker against both the Japanese Yen and the Australian Dollar.

Today’s session was characterized by further USD weakness and at the same time strength by the Swiss Franc. The CHF hit record highs against the GBP, EUR, and USD simultaneously. The USD was also weaker against both the Japanese Yen and the Australian Dollar.

U.S. stocks fell slightly Thursday as investors overlooked a strong round of U.S. economic data to lock in gains following the market’s recent ascent to two-year highs.

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