Stocks and Dollars

The pair stabilized with a comfortable daily closing below 100% Fibonacci retracement of CD leg for the bearish harmonic butterfly pattern. This aforesaid level at 130.05 in addition to the upper line of Keltner channel are acting as solid resistance for the time being and they may send the pair

End of month/half-year fixes were mixed for the USD, with but USD sales predominated at the 4pm fix so the underlying tone remained broadly USD negative. The exceptions were USD/JPY and USD/CHF, where the better than expected Chicago PMI numbers and the positive news from Greece helped to boost the

End of month/half-year fixes were mixed for the USD, with but USD sales predominated at the 4pm fix so the underlying tone remained broadly USD negative. The exceptions were USD/JPY and USD/CHF, where the better than expected Chicago PMI numbers and the positive news from Greece helped to boost the

We have finally reached the end of a very hectic week and hoping that the progress will conclude on the positive side with manufacturing performance figures to assess from across the global providing more hints for the outlook of the global recovery.

Trading today was positive with only Australia trading down 0.5% after China data showed a confirmed slowdown. With the Greek crisis in its final stages of resolve, attention will turn to the US’s inability to reach an agreement to raise the debt ceiling. Lawmakers have been ordered to spend the

A late rally for stocks this week helped stock investors end the first half of 2011 with gains. The Dow finished the first half higher by 7.2 percent following a small positive gain for the second quarter due to a late June rally.