Stocks and Dollars

Despite edging higher to 0.8936 last week, EUR/GBP failed to sustain gain there and retreated. Initial bias will be neutral this week for some consolidations. But we’d continue to favor another rise as long as 0.8739 support holds. Above 0.8936 should bring rally resumption towards 100% projection of 0.8067 to

EUR/CHF continued to consolidate in range above 127.28 last week. With 1.2971 resistance intact, there is no change in the bearish view. That is, consolidations from 124.01 is likely finished with three waves up to 1.3234 already. Fall from there is still in progress and below 1.2728 will turn bias

EUR/JPY’s rebound from 116.46 extended to 121.82 last week but lost momentum since then. With 4 hours MACD crossed below signal line, initial bias is neutral this week. Another rise remains in favor as long as 118.49 minor support holds and above 121.81 will bring another rally to 123.31 resistance

GBP/JPY recovered to 137.01 last week before losing momentum and retreated from there. With 4 hours MACD staying below signal line, initial bias will be neutral this week and deeper fall could be seen. But after all, note that with 132.96 support intact, we’ll stay cautiously bullish in the cross

This past week is one that will likely find its way onto the pages of financial textbooks that have yet to be written. Wednesday’s FOMC rate announcement kicked off the first of many accompanying press conferences designed to “further enhance the clarity and timeliness of the Federal Reserve’s monetary policy

This past week is one that will likely find its way onto the pages of financial textbooks that have yet to be written. Wednesday’s FOMC rate announcement kicked off the first of many accompanying press conferences designed to “further enhance the clarity and timeliness of the Federal Reserve’s monetary policy

Wall Street advances as Caterpillar’s better-than-expected results lift the Dow industrials.

Stocks closed at fresh multi-year highs on Friday shrugging off lukewarm economic news to focus on broadly strong earnings, as the Dow & the S&P 500 marked six consecutive gains for the month of April.