Stocks and Dollars

The USD/CHF is either in a wave B, or wave 2, as shown in the daily chart. In both cases a rally for wave C, or 3 is approaching. Wave B can extend lower to the 0.93 low to end 2010. Wave 2 should have been complete here around 0.94

SEOUL, Feb 1 (Reuters) – Seoul shares opened higher onTuesday following on Wall Street gains on eased concerns overanti-government protests in Egypt. Gains were led by heavyweights such as steelmaker POSCO(005490.KS: …

The GBP/AUD has been in a sharp rally since the beginning of the year, but found resistance at 1.61, giving way to a corrective swing down to the 1.5920 area. The price action represents flattening in the 4H chart, and possible zig zag type correction down to 1.57, or 1.5740

The U.S. dollar traded softer as inflation concerns sent the euro and the British pound higher. The market continued to react to the higher Eurozone inflation data and hawkish comments from the Bank of England’s Martin Weale. EUR/USD traded as high as nearly 1.3740 before correcting lower to current levels

Shares of the Internet search firm and the chip-equipment maker each rise after quarterly results beat Wall Street’s expectations.

The tape was remarkably quiet as investors await the delivery of several critical economic data this week and as the crisis in Egypt unfolds in the background.

Dow Closes January With 2.7% Gain Stocks rose in the final session of the strongest January in years, sloughing off worries over the unrest in Egypt as investors took heart that the Suez Canal was still open.

SEOUL, Feb 1 (Reuters) – Seoul shares opened higher onTuesday following on Wall Street gains on eased concerns overanti-government protests in Egypt. Gains were led by heavyweights such as steelmaker POSCO(005490.KS: …