Stocks and Dollars

The pound fell on two occassion on the chart from the positive gains made by the U.S. dollar today. The rates fell sharply in Europe from the intraday high of 1.6114 to 1.5973 (-141 pips or -0.87%) as the UK Nationwide Housing Pricing Index fell flat unchanged in June 11th

The US dollar rallies against the Japanese Yen and its major peers in the morning session of New York rising sharply to the NY high of 80.87 once and easing down to 80.40 on a correction move, however only to repeat the same buying action to make a double-top formation

The US dollar rallies against the Japanese Yen and its major peers in the morning session of New York rising sharply to the NY high of 80.87 once and easing down to 80.40 on a correction move, however only to repeat the same buying action to make a double-top formation

Today fundamental data came as supportive for the Japanese economy due to the unemployment rate unexpectedly declined during May; means the economic recovery cycle in Japan was on the track before the March quake and still gives forward signs after the quake at the labor market outside of the earthquake

The price continues to creep upwards, reducing chances of the taken scenario. However while critical level isn’t overcome, there is the sense not to change expectations. Presumably, the impulse with of (ii) which within the limits of the prospective complete set is close to end is formed. If the assumption

U.S. Dollar Trading (US) stocks markets lurched higher but most FX pairs ran into profit taking at highs and pulled back after large gains in recent sessions. June Chicago PMI jumped to 61.1 vs. 56.6 previously and bucked the recent trend of poorer sentiment surveys. In US stocks, DJIA +152

Global equities and bond yields rose, while currencies and commodities consolidated. The risk-seeking atmosphere was extended for another day as Greece voted to approve an implementation plan for the austerity package approved a day earlier. Additional support came from a surprisingly strong Chicago PMI and quarter-end rebalancing of fund portfolios.

Euro 1.4475 Initial support at 1.4333 (Jun 29 low) followed by 1.4103 (Jun 27 low). Initial resistance is now located at 1.4551 (Jun 10 high) followed by 1.4653 (Jun 9 high