Stocks and Dollars

The calm of the three day holiday weekend in the US and UK was broken as the Euro shot higher on reports that Germany is easing its resistance against a second bailout for Greece. A newspaper report stated that Germany would not pursue an early rescheduling of Greek debt as

Maintains bull tone from 1.3968, 23 may low, after narrow consolidation from yesterday’s high at 1.4325 was contained above 1.4250. Fresh strength through 1.4325, previous high daily 55 day MA, has emerged above daily Ichimoku cloud at 1.4370 and so far tested 1.4400 barrier, posting new 3-week high at

EURUSD Comment: Support from the daily Ichimoku ‘cloud’ has helped the Euro retrace over one third of May’s initial decline adding weight to our view that the sell-off was a much-needed correction to this year’s rally. Expect it to struggle with the top of the ‘cloud’ and the 26-day moving

A more positive tone to risk combined with weak US data and much flatter USD positioning creates the worst of all worlds for the USD. But so far the resilience of equities looks to be more a function of lower yields than it is of solid growth expectations. However, news

Against a background of bullish EURUSD signals for sentiment for this week, Monday saw initial limited losses fail above 1.4300. The subsequent setback was minor though in subdued trading and Asian trading has seen demand for EURUSD resumed. This move higher is supported by positive momentum and although intraday signals

EUR/USD: Euro is currently trading positive at 1.4383 levels. The euro climbed against most of its major peers on speculation European nations will pledge more funds to repair Greece’s finances. Looking ahead German Retail Sales m/m data and French Consumer Spending m/m data is expected better and Unemployment Rate data

Losses extended in a rather ‘frightening’ pace… and does appear to imply quite a shocking drop. Keep this in mind and favor the downside. A move below the 0.8464 low looks imminent and should maintain the downward velocity through to 0.8411 at least. There is some hint that this could

Today’s sharp rebound and the breach of indicated resistance at 117.25 suggest the c leg of wave B has possibly ended at 113.41 earlier and consolidation with upside bias is seen for gain to 118.60/65 (61.8% Fibonacci retracement of 121.84-113.41), however, a breach of 119.50/55 (61.8% of entire fall from