Stocks and Dollars

The AUD/JPY broke above a 5-wave triangle, suggesting that the market is picking the upside after a period of indecision in May. The market is now in a throwback. Looking at the 1H chart, if the RSI reading remains above 40, the bullish momentum just established would be confirmed to

Sustained upward movement can be seen on the daily EUR/USD chart showing the clearly formed Rising Wedge chart pattern identified by Autochartist. The Quality of this chart pattern is measured at 4 bar level which is the result of the following values of the individual Quality indicators: 3-bar Initial Trend,

It is not excluded, that the correctional wave 2 of (3) completes. If the assumption is true, it is possible to expect forward growth of the price, within the limits of formation of the impulse 3 of (3). At the same time, this assumption still demands the confirmation

Risk received a boost today despite the spate of negative U.S. data surprises – March S&P/Case-Shiller Home Price Index declined to 138.16, Chicago PMI dropped more than expected to 56.6 in May, and May Consumer Confidence fell to 60.8. U.S. equities, however, rose about +1% as optimistic prospects of a

Euro 1.4410 Initial support at 1.4125 (May 27 low) followed by 1.4068 (May 26 low). Initial resistance is now located at 1.4423 (May 11 High) followed by 1.4455 (50% retrace of 1.4940-1.3970)

U.S. Dollar Trading (US) stock markets rallied around the world but the reaction in FX markets was mixed. Highs in Europe on most majors came under profit taking and the USD finished well off lows. USD/JPY and USD/CHF provided a lot of support. In US stocks, DJIA +128 points closing

Equities and commodities rose, while currencies were subdued, and US yields fell. Investors were initially buoyed by the earlier news Greece may receive a bailout package which could avert a debt restructuring, but later reversed their stance when a batch of US data was all weaker than expected. Regional US

The dollar was weaker amid disappointing U.S. economic data and the euro rose on prospects of additional aid to the troubled nation of Greece. EUR/USD rose to current levels of around 1.4390 on reports of a potential new aid package for Greece and as inflation data remained well above the