Stocks and Dollars

As widely expected in the market the Reserve Bank of Australia (RBA) held rates steady today in a preemptive step for slowing growth as floods weigh negatively on growth keeping inflation check. RBA Governor Glenn Stevens and the board decided to keep the overnight cash target at 4.75% since they

The EURUSD continued its bullish momentum yesterday and now traded above 1.3700. This fact keeps the bullish technical view remains strong targeting 1.3800 in nearest term before testing 1.4000 area. Immediate support at 1.3670 followed by 1.3625 but as long as price stays above 1.3500 the major outlook remains bullish.

The EURUSD continued its bullish momentum yesterday and now traded above 1.3700. This fact keeps the bullish technical view remains strong targeting 1.3800 in nearest term before testing 1.4000 area. Immediate support at 1.3670 followed by 1.3625 but as long as price stays above 1.3500 the major outlook remains bullish.

The EURUSD continued its bullish momentum yesterday and now traded above 1.3700. This fact keeps the bullish technical view remains strong targeting 1.3800 in nearest term before testing 1.4000 area. Immediate support at 1.3670 followed by 1.3625 but as long as price stays above 1.3500 the major outlook remains bullish.

Today’s UK manufacturing PMI will provide an early taster of how conditions in the sector are faring in Q1. Manufacturing has been a rare source of strength in recent months, with the headline PMI rising to a near 17-yr high of 58.3 in December. Aided by a healthy rise in

USD/CAD’s break of 1.0029 indicates that rebound from 0.9836 has resumed but upside momentum is very unconvincing with 4 hours MACD crossed below signal line again. Intraday bias is turned neutral again. Nevertheless, note that another rise remains in favor as long as 0.9910 minor support holds. Above 1.0057 will

AUD/USD rebounds strongly to as high as 1.0036 so far today buy after all, it’s still staying in range of 0.9803 and 1.0075 and outlook remains unchanged. Intraday bias remains neutral and some more sideway trading might be seen. But another fall is still in favor as long as 1.0075

Dollar is back under pressure with the dollar index breaching last week’s low of 77.60 to resume recent decline. Strong rally was seen in commodities on Egypt turmoil as the CRB index jumped 1.78% overnight, or 5.98 pts to close strongly at 341.42. WTI crude oil rose sharply to two